Re: [ANN][VRC] | VeriCoin | POS - NSDI | VeriBit | VeriSend

Someone sure knows how to drive the price down. Ouch. They definitely weren't looking to get the most money out of their trades, that's for sure.

And it's such an odd time to sell. Maybe some people have just been wanting out for a long time and are just saying "screw it" and going out to buy a new fancy desk chair with their vrc profits.

Seeing how low the volume is, it definitely is an odd time to sell, especially considering that they were selling into market weakness and not into strength. It happened simultaneously across several markets, too. It wasn't limited to just one exchange, which makes it even weirder.

That dump occurred on Cryptsy. The rest of the exchange response was arbitraging. Someone sold about 150k on Cryptsy. Not huge, but substantial. I don't think it has anything to do with news. I think someone woke up on Monday after partying all weekend, realized they were up on VRC and sold. My guess is that it was just trading.

It's kind of sad that there wasn't more buy support to counter a $10K sale. I think that's the weakest link here. Aside from the grassroots level, that we still have no PR or marketing going on. We really need to step it up if we're going to be anything but fodder for the pump and dump and the daytrading crowd. Hopefully that happens sooner rather than later, even if it's kept at the grassroots level.