I am totally confused with this initial coin offer thing on bitterx now. don't we have the fix price for ico coin and bitterx is the only seller? If this is ico, who is selling all those coins right now?
I actually agree with you, although it may be a blessing in disguise. The ICO was way overpriced (as I stated in previous posts), so maybe this early selling will scare away any new ICO investors.
That being said, somebody messed up badly. It is completely unfair to allow trading during the ICO phase. Either Bittrex coded the ICO wrong and allowed it inadvertently or the dev agreed to it (stupidly). Maybe Bittrex just assumed that nobody would sell at a loss on a coin that hasn't even come out yet and just capped the offering price and let the bids (and offers) trade freely below 8,000.
Whatever happened, it sure makes this coin look like amateur hour. Now, wake up people and demand better terms for your hard earned BTC. Or, probably smarter still, just don't buy these kinds of expensive coins on the ICO.
For me it looks more like a single dude trying to create some panic sell to buy lower than 8K so he can sell back at 7999. Bittrex shouldn't allow this kind of trading