Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos

Really do not understand the XC market, if volume is low but someone just payed 0.001725 for 1K coins why drop 1K into buy orders around 0.00152 just some hours later with zero news posts or trading Huh

just plain stupid if you ask me. Understand some need to cash out but people are not willing to split it up and wait a little?

This happens so many times now the story about one party suppressing the price starts to get unbelievable. Surely by now they got there stack build up or are done with there xc to dump. See zero evidence in the chain to support this.

When I'm back plan to spend some time to analyze coin movement on a timeline some more, this is driving me crazy

Ditto - very puzzling. Maybe because so many people are staking there is only stupid money left on the exchanges and it's trigger trading. I can't think of any other reason.

It's a free market and people can do what they like. If what they do doesn't conform to your expectations then that's tough. Get over it.

Hmm. I think we're just puzzled why someone is apparently throwing money away - we don't have anything to "get over" as you put it, but it sure is puzzling.
(I'm not complaining - if I could be bothered to day trade I would just happily sit with buy orders at the bottom of our rather large spread and scoop up all their money - I would
recommend any passing person to do the same.)

They are not throwing money away from their prospective.

They are prob holders of large amounts that have a vested interest in other coins - it allows them to manipulate prices (artificially devalue the coin).

Its a proven and tested tactic and in some cases they will crash a coin to zero value at a 'Loss' just to reap profits from another coin.

I don't think in our (XC) case there is anyone with such a large stash that could such a thing, but they can force swings.