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.
i think 100k now will be psichological line.. hope to see some big rise on 29th of october
Thank you for ur input, your findings are quite interesting.
Concerning your worries about the 2,5k BTC, there is only 1, more than sufficient answer to them: 2,5k BTC is the MAX value of the ITO, if people decide it aint worth the risk and invest 1k btc or 500 btc in it then thats it, the rest of the tokens just get destroyed. IF they had like 1,5k minimum amount, then you should be worrying. If the community decides its worth the 2,5k BTC, then it is. If you dont or cant put more than 0,00025 btc in it, and your worries realise, then gz, your smarter than 99% of the community