Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant
by
panicbuythenpanicsell
on 12/05/2014, 19:55:20 UTC
Well there was an interesting exercise watching that flash crash after Evan's little "fright".

A lot of hands got shaken there. Talk about taking the pain quickly.

Someone was selling already much prior to the announcement: https://bitcoinwisdom.com/markets/cryptsy/drkbtc

The big red spike is far larger than those which ensued after the announcement, in terms of volume. Almost 40.000 volume.

Btw, apparently most people don't even understand what they read or the implications of what they read. Ensuring that the Masternode payment code is more ironed out before going live is a very good thing as it was obviously buggy.

Better quality = happy DRKers = happy markets.

Broken coin = sad DRKers = blood-red market.


I did not think it was bad for DRK, but I did expect a drop in price. The price rose a lot the last week in anticipation of the update, partly due to real buyers, partly due to whales pumping the coin up with the news as an excuse. Then the update is suddenly a few weeks off. The whole situation changed. Edit: And add to that people selling because they believe others will sell, and then people panic selling.

But as it happened, I came across Evan's announcement almost immediately, but my mind blocked it out because it looked like another mining pool message with its big, colored letters... so I didn't take as much advantage of the drop.