I don't understand those ever lasting sell walls at CryptoRush.
I see two possible reasons:
1. Stupid (sorry) investors want to sell, but don't want so sell lower than profitable in relation to their invested BTC.
2. Someone who want's to keep Reddcoin at a low price in order to keep their own primary coin relatively stronger.
...
What do you think?
I see two possible reasons:
1. Stupid (sorry) investors want to sell, but don't want so sell lower than profitable in relation to their invested BTC.
2. Someone who want's to keep Reddcoin at a low price in order to keep their own primary coin relatively stronger.
...
What do you think?
3. someone trying to pump reddcoin massively. The first step is to maintain the price low in order to build a large market share.
just saying
Oh, i didn't think about that. But they are very patient then.
I don't think there is some invisible entity out there putting up a wall... the coin is worth what people think it is worth, and how much they are willing to pay or receive for it.... that's the market at work. Reddcoin is just another shitcoin at the moment that has potential to bloom once the intended purpose of the coin is implemented. Right now, the "potential" is only worth 8-10 sats. Majority of the people dont waste their time lurking around reddit or bitcointalk, reading and researching on every coin. People usually tend to buy what they hear about in their interactions or word of mouth.
Its the same for miners.... someone with a 2 MH/s rig can mine about 150,000 REDD a day. That on an exchange for 8 sats will get you .012 BTC. If he rents his rig out, at current market rates he would make a little (.005 BTC) more, which kind of adds up the REDD market value. Sorry, but can't see a conspiracy here
Hoping the value goes up is unreasonable to expect with out difficulty rising, rewards halving or PR buzz...