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 
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
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
A similar movement is also taking place in Bitcoin's market when you look at it. I mean, if it can happen in the daddy of all cryptos, surely XC is a small kid to take care of.
A similar movement is also taking place in every financial market when you look at it. I mean, if it can happen in the daddy of all markets, surely XC is a small kid to take care of.
Sorry to be sarcastic, but as someone that works in the financial markets, they are all the same just on a larger scale. The only reason crypto seems different is because the market caps are so tiny, relatively speaking compared to other financial markets. Cryptos trade more like penny stocks, that's why the daily change is so volatile. The price of a penny stock moves easily because the market cap is low and because the companies are usually unstable making any news important.
Also, everyone has a different strategy, market sentiment, or liquidity needs. You may think it's stupid to sell into orders at 152k, but maybe he does need the money for whatever and doesn't have time to wait for his order to be filled or play the jump over the next offer game. Not everyone wants to trade.
Another thing is you should be happy that some people want to hit the bids. It's like complaining that you don't like playing with bad poker players.