Quote from: damashup on October 12, 2014, 08:12:00 AM

Quote from: Este Nuno on October 12, 2014, 08:00:27 AM

Quote from: jwinterm on October 12, 2014, 02:43:02 AM

Quote from: xxxgoodgirls on October 12, 2014, 02:12:26 AM

Quote from: Oscilson on October 11, 2014, 10:40:04 PM

Quote from: xxxgoodgirls on October 11, 2014, 10:23:12 PM

Is this coin already part of the jl7777 network?

Yes

and in your opinion why is the price plummeting?

Price is plummeting because someone had 200+ btc worth of buy walls up to 0.0007 btc or so on poloniex, and after the "announcement" was cancelled, all buy walls were pulled. Now there is a total of about 20 btc in buy orders on poloniex, ergo, price goes down. If you trust in the coin tech and developer, buy some while they're cheap. If not, then sell at a loss I guess...

Can attest to this. I saw it all with my own eyes. Looks to be exactly what happened. Once the 200 BTC in buys disappeared people panic sold. Looks to be as simple as that.

Yep - I was on Polo when it happened. A few hours after the 200+ BTC buy wall went, someone in the trollbox announced they were dumping. Price went from around .0006 to .0002 in less than 10 minutes. Wasn't much buy resistance at the time (4 BTC), so only took a 16k bbr dump to drop the price so dramatically. Price rallied straight away after that. Buy orders have been between 20-30 BTC ever since.

"someone" - quite the inventive user name for that polo user.