Also possible that guys with secret gpu miners are dumping a significant portion of the coins generated each day...
I value your concern, but we're selling over the counter right now and even buying back coins on the exchanges.
what do you mean by that?
OTC trade is person-to-person and will not affect the coin's valuation on the exchanges.
Well, if you're selling large quantities below market value, then presumably the buyer could turn around and dump as well. I wasn't trying to demonize you guys or anything, I'm not a big holder and I don't think it's unethical or anything what you're doing, just trying to explain the price drop to someone that was asking. And actually, upon further reflection and watching the market a bit more, it just looks like cryptonotes and coins in general are down across the board the last few days. Monero (which now has a closed source amd miner and open source nvidia miner) is down by a similar percentage to BBR in the last few days, after they peaked at about the same time.
I do not think they are selling under current market price. If he says they rebuy some coins it means, their price is higher. BTW. this coin is extremely undervaluated. I can not buy more because I want to keep some diversity in my current portfolio, but it is difficult to resist. Boolberry is way better than Monero. In fact using Monero is pretty frustrating - sometimes my notebook is blocked for few minutes when I download and save its blockchain. With boolberry everything is smooth. My only concern is centralizatin of this coin. It seems, only few people are accumulating it. This + PR problem with private miner + holding the price low artificially can result into breaking backbone of this coin. Some other coin will copy BBR, will make better distribution and PR and chance is lost... I hope whales of this coin will do something about it soon.