Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Crypti | XCR | Launch August | 100% POS | New Source | Trading has begun!
by
megashira1
on 16/08/2014, 00:05:15 UTC
There are no buy orders because people are uncertain regarding the future of BTER and do not want to hold any equity on the exchange.

So why they are holding XCR?

Because they can't take it from the exchange yet? If it was released, I'm sure many would move it from Bter as soon as possible.

They are holding XCR because they are gamblers, not traders. Situation is as follows:

1. Most traders would either withdraw all coins from Bter or sell them for coins they can withdraw (BTC).
2. Traders who like huge risk would hold and bet on panic sale which means putting up buy orders very low, at 1 - 50 Satoshi, for up to 100 millions XCR.
3. Gamblers just hold. If you do not have any more BTC to put up buy orders that means you are gambler, period.

The point is some people are underselling there XCR in exchange for BTC thinking that BTER may pull a bankrun. Others are holding because they do not want to risk selling and not being able to get back in if things turn out favorably. The price has more to do with the state of affairs of BTER than with CRYPTI. Place your bets.