i agree miners are an issue and too much liquidity. and price suppression
just watch tonight when everyone goes to bed. sell orders stacked for 2mzc or 10 mzc.
its so obvious they dont even hide anymore
and look at mintpal same sell walls just sitting there for days
I view price suppression as a positive (somewhat) sign. IMO it shows that ppl with means believe the coin will be worth much more and are willing to spend big to keep it down to scoop up as much as possible.
Eventually the kettle boils over.
Trading LTC for 8 months last year had so many suppression cycles it wasn't funny anymore. But it only took about 5 hours to go from 2.75 to 8 dollars and then 10-20 in a 24 hour period. When it happens it happens fast!
I'll keep an eye on Mintpal later tonight, I should be able to spot a pattern to the trades hopefully. Usually a certain
price will trigger a buy or sell.
I saw the LTC price spike along with Bitcoin. Good times. Looking forward to Mazacoin going the same route someday.