Whats with xlb losing over 50% of its value in a few hours? i know it has gained a lot in 2 weeks but this recent drop looks dodgy. Doesnt inspire confidance.
Actually you are wrong. You cannot say XLB lost 50% of it's value because it only traded at that level for less than three hours. It is obvious there was panic buying that was followed by a small sell off. This happens with every coin and XLB is no exception. However, the new floor seems to be around 10,000 sat. That means XLB price increased over 100% in one night and 1150% in one week.
I bought 50K at 18K sats and I am not at all worried about the value of 11K now, on the contrary I am happy because I can buy a lot of cheaper Libertycoins. We're going to Pluto, we're not going to the moon! Make my words!
Now it's time to buy more! 300k is ovverated... But 20-30k we will see it within 7 days. If volume is higher then the market cap by alot. Lol.. That makes it an easy 20-30k call. and bc is pumped but whats better. going liberty from 10 to 20 or bc from 20 to 40? i saw a 30 btc buy at 10k he wants to double
I see that 30btc @ 10k also - but remember, it doesn't mean it's a single buyer.
It could very well be multiple buyers who are all willing to pay 10k ... multiple buyers at the same price are consolidated into a single entry.
It's actually gone now, down to only 913 XLB @ 10k price.