jep we will see very soon panic sells volume diving down
You must be new to Blackcoin. The last two times that happened BC was at 9500 and 4800 and both times it meant the sellers were running out of Blackcoins to sell and a pump followed.
lol ^^ and what was this yesterday? a drop from 54000 to 38000 ? this was a massive panic sell on high volume
...aaand?
Within TWO hours, we were back to 48k, after maybe forty minutes above 52k, testing the ceiling at the time.
None of these other coins have that kind of support and responsiveness.
Do your research - or just keep feeling feelings in place of thinking...
It probably even looked more like a panic selling more than actually being one.
Friend of mine "watched it" and said, most of the time it looked as if single persons were throwing out masive amounts of coins for up to 5k below the highest buy offer at once in order to somehow get it below 40k. And no one followed after all the cheap coins had been sucked in.
He will get his lesson LOL
No it wasn't related to bad english (my english is bad too LOL) it was related to if it's was one person that tries to scare the market by selling below the highest buy offer, it did not work and he must have lost a couples of BC
I can't say if it was actually only one or very few sellers, but it's hard to believe that many people hit the "sell for 46k"-Button at the same moment with the price being at 51-52, and when a few fell for that the same must have happened from 45-40 little later.
Well I saw it happening and I did hit the sell when it was around 48k and waited until it was slowing down I bought back at 42. I should have waited till 38 but didn't expected to go below 40k Now I have little more BC :p.