Is it the beginning of a dump ?
No....it is someone or a group preventing BlackCoin from breaking 10,000. This happens every time we get this high. Why would someone sell for 9500 sat when you know BC is selling for 10,000+ on every other exchange.
definitely looked shady - it wasn't a gradual drop to 9500 either - mintpal was selling at 9900+ and the instead of asking to sell at 9850 or something it immediately listed in large numbers for a few hundred sats lower than it needed to.
Well the other exchanges have so little volume it can easily be manipulated.
Yes but I literally watched someone put a sell order in for nearly 500 sat less than the current ask. Why would anyone do that? Then it was followed by another low sell order...that is NOT a dump but an intentional suppression tactic.
Yes they want to push it down, so they can repeat the process again. they dont care to loose a bit selling lower, they want to push the price down,
so that they can buy low again. Rince and repeat