Certain financial companies buy back their own shares when price is low. Perhaps the Einsteinium dev teams should do the same.
I have done this before, and I am indeed considering doing it once again because of the price level. I will be investing in the coin on occasion beyond what I already have, which is considerable.
price isn't looking good now. Does it have anything to do with the wager in the few threads back, that the price of 400 satoshi will decide who's the winner? Hopefully the guy is not dumping so he can win the bet
hahahhaa, yeah I too saw that and wondered,
unlike my colleague above, I think the EMC2 could be easily manipulated it only takes a few btc to tip it in a specific direction and once it goes in that direction people decide to jump on the bandwagon or not. The problem is once it goes
too low the damage it causes might be permanent (more than a day or two to recover from) and have long-term implications. Now when people are analyzing the CC and see this dramatic dip they won't be able to tie it to anything in the history of the CC or the market (the overall market is down, but not that far). That level of instability will not be too promising particularly to those who are looking for day to day performance. Before the hodlers get too encouraged by that, MOST of the money involved in ALL cc are speculative funds, people don't look at high risk markets for long-term (1+ yr) performance.
This downward trend is NOT representative of NORMAL market activity, and without a specific reason/cause to tie it to it MUST be viewed as malicious manipulation. If dude wants to win the bet he's going to need lots of BTC to drive the price in a direction against it's obvious trend.