Re: [ANN][DCM] Digital Commerce 1.35 Mil coins 100% POS/Soon Anon/Accounting wallet.
If you read the ANN and see what has become of this DigitalCommerce 18 days after IPO, it is a total disgrace.
As stated before, the only ones dumping below IPO price are those who got DCM for free. Or those who got BTC from the IPO for free and converted these into DCM.
Now think a minute about who these dumpers are...
?
The devs who wrote all those beautiful words in the ANN have now all vanished from stage except for Wallenstein, who still has the balls to face the music.
The devs should have used/should still use their budget to keep the price up above IPO.
Unfortunately, they have decided to let this coin bleed to death, including the IPO investors.
Bear in mind there are only 233 DCM wallets with a balance greater than 0, excluding the Bittrex exchange wallet.
At this moment, for only 25+ BTC the devs could buy all DCM off the exchange wallet and stabilize DCM.
The question is, how committed are these devs...
As stated before, the only ones dumping below IPO price are those who got DCM for free. Or those who got BTC from the IPO for free and converted these into DCM.
Now think a minute about who these dumpers are...
?The devs who wrote all those beautiful words in the ANN have now all vanished from stage except for Wallenstein, who still has the balls to face the music.
The devs should have used/should still use their budget to keep the price up above IPO.
Unfortunately, they have decided to let this coin bleed to death, including the IPO investors.
Bear in mind there are only 233 DCM wallets with a balance greater than 0, excluding the Bittrex exchange wallet.
At this moment, for only 25+ BTC the devs could buy all DCM off the exchange wallet and stabilize DCM.
The question is, how committed are these devs...
They could set up a buy wall, but I'm not sure how long it'd last. I've suggested it more than once, but they could instead support the multipool via mining, which indirectly would then add buy support. The devs certainly can afford to buy/rent machines with their spare btc from the ipo.
I guess it could be argued that the devs are thinking too rationally, that people will behave like normal investors and simply wait for new things. That can be dangerous.
As for dumpers, I expect many are those who bought at ipo prices, maybe made a little profit, and then held onto the remainder of their coins. And now just want out. There will also be those who bought at 10-30K, see it's worth a tiny fraction, panic and just take whatever they can. There is also the problem that when a coin slips below ipo prices, you get pressure down, as those who say bought at 5-6K may be very willing to take a loss at 3-4K. So it appears like major dumping, but really it's a combination of lack of buy support + already low prices simply slipping further down.