OK, Cryptsy, hmmmmmm
let me look at the price after 1 day of trading there (well almost 1 day of trading): 1301.
We were trading at around a steady 1450 to 1500 before. You think we are going to stop going down from 1301. Nope, the whales are going to take us down.
Thanks to all of you who voted on getting us on Cryptsy.
Our only way out of this is a huge marketing blitz.
let me look at the price after 1 day of trading there (well almost 1 day of trading): 1301.
We were trading at around a steady 1450 to 1500 before. You think we are going to stop going down from 1301. Nope, the whales are going to take us down.
Thanks to all of you who voted on getting us on Cryptsy.
Our only way out of this is a huge marketing blitz.
Lol. I don't know how many times I've warned against adding new coins to multiple large exchanges it's too much pressure for the coin to handle. Eventually yes you want to be on all the big exchanges but there is such a thing as too soon. When the coin was added to mintpal it stopped its rising momentum dead in its tracks, then it gets added to cryptsy and it drops again. Do we see a pattern here folks?? The people pushing for everyone to vote are the people with a ton of coin that they want to dump.
A lot of it has to do with the state of bitcoin. Lots of people want to be in fiat right now and are expecting btc to test $500 and maybe even lower. Every time this happens people unload alts so they can get fiat make more bitcoin then move back in to alt. There was almost no momentum for any coins yesterday. I expected POT to hit 1000 satoshi again before being added to mintpal and cryptsy its stayed up longer than expected. I am hoping to pick up a few more 100k if it does.