Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XC][OFFICIAL] >> Mandatory Wallet Update (01/06) - X11/PoS/Anon
by
mikemikemike
on 05/06/2014, 03:49:47 UTC
Some huge buy walls have come out to play.

Yup. All there doing is prolonging the inevitable.  The exact same thing happened a few hours ago, and pretty much the same time yesterday.

This isn't a recovery, its just a very large bull trap. See for yourself. 30m chart, mintpal.

And why do you say this? Coin isn't a scam coin. It actually was first pos anon wallet and dev is delivering. So why then do you talk as if this is a scam coin that will fail hard worse than Quark and Maza?

It's market dynamics. While it looks like from a simple perspective the bubble popped a few weeks ago from 0.005, it technically didn't, we've been riding it since. The key moment was a few days ago when the market stabilised and prepared for a breakout of the bubble trend, if we would have broken up from that we would be hitting the 0.0033 range by now, instead we broke down, and as such, are experiencing the slow crash we are experiencing now.