Post
Topic
Board Announcements (Altcoins)
Re: [BBR] Boolberry: Privacy and Security - Guaranteed[Bittrex/Poloniex]GPU Released
by
btc-mike
on 29/08/2014, 19:04:16 UTC
re the bbr price since there are a few people here interested in it. From looking at the downward sales pressure here: https://bittrex.com/Market/?MarketName=BTC-BBR

There is a miner that is mining with autopay to the exchange and sell. They are selling the coins on the exchange on the sell side as soon as they mine them ~14-19 every 2 min or so. With 11k bbr per day is being mined into the market. So if you think it is a good coin, just pull your buy orders and let the dumpers dump.
If we put at floor at a nice low spot or so they should just feed it without thinking. :-)~

Just my 2 cents.

In order to sell that much, a miner would need to control almost 100% of the network hash. There is a new block about every 2 minutes and the current reward is a little over 16.

More likely just someone trying to sell.