Re: [ANN][TAC] TalkCoin | First Anonymous Chat | First NIST5 | Vote/No Premine
Someone is loading up on some very cheap TAC...
but there is no sell volume, just 1 BTC take the price up to 9k. That's how we know the dumper has to be under 15 years old because just on technicals no one would sell like this let alone an early stage innovation / app coin like this. I am guessing he has run out now thankfully as its picking up
No Sir. It's not simple like that. I have reanalysis all dumps last week for a few times and noticed something:
- The dump happens mostly when TAC's in the lower range ( under 8k sat).
- There are always at least 2-3 BTC worths of TAC dump at once, that means 1/3 to 1/2 total daily supply of TAC.
That means it is not simple like a big farm dumps daily TAC for paying his bill, because we still don't see any whale with over 30% of nethash in any pool.
My conclusion: some big whale / trader is trying to play with the TAC market for days to push TAC's price down. Reason ? You know it maybe better than me.
Right now I'm even happier if he could dump TAC's price much lower, then the diff will be lower as consequence.
You might be right. In that case best get some BTC to Bittrex!
I believe you because...
It just doesn't make sense.
If you are mining and break a certain price point.. there's no point in mining and dumping it anymore.. why not just move to another coin.
unless the person is a dumbass which is also highly probable.
It doesn't matter. I think a lot of people are missing the fact that the devs are quietly building a communications app coin here and the tech works. When more useful applications are added than public chat I wonder what price will be then