Quote from: Bonn3rs on September 11, 2014, 10:15:56 AM

Quote from: HoldTheLine on September 11, 2014, 09:44:53 AM

Here are 4 entirely speculative explanations for dumping huge amounts of CLD for up to 45% below the ICO price:

1. IconicExpert is getting out of CLD. I would really like to hear something from IconicExpert. He has been completely absent and silent since the dumping began a couple of weeks ago and hasn't so much as commented or tweeted a word about CLD since he started promoting other coins instead. Perhaps he is trying to accumulate more - or perhaps he just wants out. I know he is too shrewd to sell for a huge loss however so whatever the deal is with him right now he won't be losing money on this. I know he has at least 7BTC worth of CLD from his buying and selling to himself in the past.

2. The premine is being dumped. Really would love to see the address that the premine is being stored to verify that it is for the most part at least in tact and that the dumpings don't correlate with any outgoing transactions of similar value. If the dev could abate these fears that would be fantastic.

3. CLD is being directly sabotaged by BURST holders as revenge for hitting BURST with the servers. Seems to be interest in 'getting back' at CLD over on the Bitcointalk thread and I wouldn't put it past someone to do something like this - costly, stupid but possible.

4. A large whale is fed up with CLD and wants out - at any cost. I still find this hard to believe however because anyone who can afford this sort of coin (he is clearly pilling up the sell orders on the book as well) is smart enough to wait for a pump before cashing out - this is a dumb move however you look at it. Even if he thinks he can double his money on another pump n dump coin he is selling for at least 40% below what he bought in for - that's taking a crazy risk that people with that sort of BTC are not want to do.

Whatever the reasons behind these dumps I have full confidence that we will go up in time. It's too cheap for too few coins in total - that simple.

I know the dev has mined over 5 BTC worth of Burst at least since he revealed the BURST address he is mining to and I have to say if there was ever a time that buy support was needed it is now.

I'd like to submit option 5- someone got bored waiting for the devs to deliver as people expect things instantly and that dump has caused a domino effect. The coin isn't too cheap for the number of coins- we don't have a fully operation service yet. If we did I'd be right with you on that. Until then, the coin is 100% speculative value.

Edit: By deliver i mean released to a full version from beta.

I did ask for a rough time line when the services would be delivered, but the dev did not answer me. And he's late with cloud send.