Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143)
by
Alphi
on 01/09/2014, 10:45:55 UTC
But is the not selling if lill.com bad news? Doesnit effect the goal of the coin? In my opinion, not at all, so the not selling would be no news. And if there would be a dump because of the not selling of lill.com, why would the price plunge to 10 litoshi? It was 150, it would go to 70 in an extreme case.

the failure to sell lil.com is not really bad news.. and your right it doesn't affect the long term goals of Karma.
as for why the price would go so low.. that has more to do with lack of liquidity than it does dire news.

low volume means that a relatively small number of coins can cause the price to rise or fall dramatically so the news doesn't have to be terrible to cause the price to tank.. it just has to cause one medium sized holder to dump all their coins.