Quote from: YoungaCrypto on October 21, 2014, 03:01:26 PM

Hi guys,

Thanks for the positive comments very much appreciated, I will certainly be holding for a while now.

I have a few questions about these whales and this Wolong chap. I live in the UK, the price for 1 gram of cannabis is £10 ($16) with a minimum spend of 2 gram.

CANN, which went live yesterday was selling at its peak for 16k satoshi ($0.06) per gram. Ive read in this thread that a gram of Cannabis in the US is $17.

So licensed users were and still are able to take advantage of this ludicrously low price for cannabis, making a saving of over $16 for a gram of CANNdy.

You mean to tell me, these Wolong whale game of deception geniuses only managed to pump this to 6 cents per coin and left the market?

Doesnt sound right to me. Why would they exit so low and why is the volume still so high?

because it makes no sense to think that price should be equal
Cann supply is limited to 1 canncoin per medical user per day in 1 selling point, that gives absolutely no buying power
To compare the prices, can be done after a long upcomig timeframe where cannabiscoins can be used on a much larger scale (like all over USA).

Whales selling was "sell on the news"
My guess is that they also created the fud to buy back in for a next pump