Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | DarkSend+ Is Live!
I've been out a few days..what happened to the price? 
I left it was @ 5 $/DRK, now it's a bi more than 2?
I left it was @ 5 $/DRK, now it's a bi more than 2?
Nothing really. Few big dumps with thin order book took the price down.
How long do you think it will take for price to get back up?
It'll take precisely as much time as it is required for the dumper to finish. If I'm reading the situation correctly, he probably has tens of thousands left.
What is this based on? I'm reading the current market situation as people not seeing the price rise they expected so they dump to either trade another coin or to get more for less.
The richlist will soon be useless as people denominate their wallets.
Well, I don't have any evidence on who's doing the selling, only my skills of observation. I believe normal people are not the issue... it's the whale who took DRK from 0.001 to 0.025. He was selling prior to RC4 too btw, in frequent red spikes (mintpal) of 1000-1500 DRK. So I believe it's not RC4 related or price disappointment related. It's just the whale exiting. When the buy orders get thicker, he dumps and sweeps the book. Or that's my take anyway.