Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BlackCoin (BC) | PoS | No premine | No IPO
by
dead_bit
on 21/04/2014, 19:18:37 UTC
IconicExpert whats your opinion on why market is curently cooling down?

Is it the hollidays or maybe that most of nonbelievers have sold around 50k?

Just the usual. People who bought coins at a cheaper price are selling. Happens every now and then.

I personally think it's mostly a big holder slowly dumping his coins (the same guy who tried to cause a mini crash yesterday). Eventually the sellers won't have anymore coins they are willing to sell at this price.

Every time the market was poised to break free someone put in a high amount of trades at the same amount of BC, slowly shifting the price in one direction or another. It's quite frustrating, since I'm waiting just above that breakout line. If the person who keeps doing this is reading this... I'm not shifting my stance.