Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos
There was a 50k block transferred to Bittrex a cpl days ago. You can plainly see 1-2k coins being placed for sale over and over once they are sold the cycle repeats. Once this guy dumps all his coins it will stabilize. If he's dumping to hurt the coin then he must be butthurt that it is not staying down very long. It always manages to push itself back up to between 90-100k before he tries it again.
We may see this continue for a day or 2 I haven't been keeping track of how many thousands of coins are being sold. There appear to be more than enough willing buyers though so that bodes well.
*** On a side not to Blocknet why don't you poll the community and see what the best method they think is for fundraising(ie. what will instill the best confidence among investors thus bringing in the most funds).
Options could be posted in this thread and then polled(using website poll feature) after a day or 2 of ideas being fronted.
We may see this continue for a day or 2 I haven't been keeping track of how many thousands of coins are being sold. There appear to be more than enough willing buyers though so that bodes well.
*** On a side not to Blocknet why don't you poll the community and see what the best method they think is for fundraising(ie. what will instill the best confidence among investors thus bringing in the most funds).
Options could be posted in this thread and then polled(using website poll feature) after a day or 2 of ideas being fronted.
i think 100k now will be psichological line.. hope to see some big rise on 29th of october
Agree with your sentiments regarding the price action the last few days. Every time the price looks to be heading towards 0.001 another 1-3k is added to the sell wall. No one can say what his/her motive is, could just be part of their exit strategy but eventually they'll run out. Dan has been over delivering the past few days steadily improving XChat with each and every update. This, combined with the soon to be released mobile wallet, should return a lot investor confidence back in Dan's commitment to the project (this is imo opinion why the price has dropped so much). Hopefully that will see XC rise to the pre-Blocknet announcement price of .0013 -.0015. FWIW I've been pretty much wrong with all my other predictions!
Also I believe there is a huge lack of new investors coming aboard. Very low buy support and a couple whales dumping are major factor in this price drop imo. Hopefully the upcoming PR to go along with the new mobile wallet release will attract some new investors.
TheGer, I've read your posts regarding the 2500 BTC fund and understand where you're coming from. However, they've already stated that they're looking into the possibility of only releasing the funds intermittently based on certain milestones being accomplished. This would be a good compromise imo.