Post
Topic
Board Announcements (Altcoins)
Re: [ANN] CommunityCoin (COMM) Fair & FREE Distribution | Pure PoS | Join Community
by
sniveling
on 21/04/2014, 16:09:21 UTC
Why the price is getting low and low?

People are dumping their coins. There is probably some whale trying to manipulate the market to get as many cheap coins as he can.

For some guys, they want to cash out as their short insight.  I held most of coins in my wallet and only give away a small part to my friends.

+1. Some guys think they just got 1 or 2 btc for free.
Don't forget transactions never happens without buy order.
COMM are bought buy those who truly believe in COMM.
So these transactions are really good for COMM.

you are right.  Buying is strong even before the end of distribution.  Thinking about what happened to FAC when it's on Poloniex, it had only 2-3 BTC trade volume per day.  COMM? > 30BTC per day. That indicates COMM has a potential market.

The buyers are buying for a reason, because they know they can make big profits. The sheer volume of buys indicates COMM will be huge.