Post
Topic
Board Announcements (Altcoins)
Re: [ANN][FLAP] FlappyCoin ★ 0 Premined ★ TRADED ON CRYPTSY ★ GAME INSIDE WALLET
by
dogechode
on 10/03/2014, 13:17:58 UTC
I think flappy just died...this sell walls on cryptsy are impossible...soon the price will be at 1 satoshi...

They are designed to be impossible. The whales are averaging down (for example if they bought 50mil flap at 10 sat each and then they buy another 50 at 2 sat each, that brings down their overall price paid to 6 sat each) and/or just plain accumulating massive amounts at next to no cost.

The problem is if they get too greedy they can go too far and people lose interest in the coin before the whales bring down the walls to let it rise. Also, they are accumulating sooooo much that even if those walls come down, believe me it will take some time before they sell it all off. So for a long time we will be in market-manipulation land.