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just a thought, i know that this may sound a little " conspiracy theorist" but anyone else think that this may be caused by the people that are trying to control crypto ( politicians) so that they get " their" cut?
I can tell you for a FACT that News coverage was biased as well as non-factual. I watched it and was pretty pissed off I can tell you. I've been explaining for a week how the coin can't be "Hacked" and it was only an exchange an it was 2 YEARS ago to boot! People are generally morons and eat up whatever they are spoon fed.
well about people being morons, i can categorically agree.
to be honest, as i'm reading and catching up, i find it suspect that all this happens as popularity is exploding and the very concept is gaining momentum. while at the same time it seems that politicians are crying out that they can't get their cut of the proceeds. and then a bunch of media outlets report on this, at around the same time the obama administration's FCC debacle is coming to light.
One of the more interesting recent outcomes...
http://techcrunch.com/2014/03/09/mt-gox-hack-allegedly-reveals-bitcoin-balances-customer-account-totals/Do you think price will finally go up with agx.io exchange?
As much as I'd like to say yes, I don't think adding a new exchange will be the fix we are after (particularly a start up one), not saying its a bad thing, far from it, it'll add some visibility to the coin but to see a major lift in value the whole altcoin market needs to turn around and I expect this to take some time. What Noble really needs at the moment is more buy power i.e. investors, more miners to make the coin more scarce/spread out in turn driving value up and more trade volume in general. What I see at the moment is very little day trading and small but constant sell pressure so when someone buys a bunch of noble to use in the store the price spikes then it slowly gets eroded back down again. Unfortunately the store is a bit of a devil in disguise at the moment, its purpose is to attract more people to the coin by giving it a use the flip side to this is the coin that gets spent there then needs to be recouped to BTC then fiat to restock the shelves so essentially buys there will be coming back onto the market with 10% more as sell orders. I know Rofo's doing his best to mitigate driving the price down by trickle selling but unless I'm mistaken at the end of the day it still has to end up as a sell order.
I see noble as being cheap at the moment and definitely see the price rising a lot in the mid to long term but what we need now are more people, especially new people, to realise this too. As time goes by Noble proves itself more and more and hopefully this in itself will help draw people in but if we want to see a quick turn around I think we need something that makes people think about moving over to noble with coin and community merits aside, something like a solid and sustained pump where people would come over for value alone but its never that easy because if a pump isn't sustained the impending dump can do even more harm.