So who's in control of all this Darkcoin? And why do they feel that it's in their interests to devalue their own investments?
Maybe those who instamined 1,7m, ~40% of today's supply, in the first hours of mining distribution?
https://bitcointalk.org/index.php?topic=641178Could they be looking for more cheap coin to fund Masternodes?
Nope, they got more than enough. Check above reply.
The problem comes when they undermine confidence so much that nobody else wants to invest. It may eventually offer a valuable service, but that service is by no means unique; and if the big players are continually manipulating the market for their own gain, then the casual user will be looking elsewhere.
This is called the downward bear trend. The whole idea is to undermine confidence.
Market makers do not manipulate it solely for their own gain. This is common misconception.
They want to get more people involved and interested. This will in turn help in adding the coin to the big league markets, like bitfinex and further increase value.