Quote from: TaunSew on July 07, 2014, 05:20:30 AM

Quote from: damiano on July 07, 2014, 05:10:24 AM

Quote from: digitalindustry on July 07, 2014, 01:41:01 AM

looks like a classic mining control slow sell off to me.

this means they have real bag holders to sell to.

Bingo

It's gonna come down hard within the next few weeks.

Yeah this is what happens to every alternate POW. Professional miners (whales) selling outstrips any demand for the coin. The crashing price has an inverse effect on decreasing demand as nobody wants to be a bagholder for a coin they think is going to go down forever.

Crypto currencies have changed since 2009 or even 2013 for that matter. Too many people are getting into this game just for the sake of a few quick bucks.

Buy Quality at low prices - not scams with "gimmicks" at high prices ?