Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
such huge trade volume of xcp,
sad to sell at 005,realy pity for that.
sad to sell at 005,realy pity for that.
you sold at 0.005 ?
still very good profit if you got them by burning
me only have 8, which i got for trading other nice asset on counterparty exchange
so pity for not to wait till now.
Don't be hard with yourself, whoever bought those coins had inside information.
Look at the graph, the uptrend began 1 month before the announcement itself.
I sold mine for 0.005 as well
XCP is going to #2 market cap. Give it a month or two.
I'd say six months... possibly a year.
0.01800 2176.307 39.17353BTC Nice sell wall on BTER... Someone really want to push the price down...
Great. I'll pick some up.
As a former xcp holder, I used to follow XCP trading quite closely.
XCP was traded for 0.003 for months,
30-45 days before the announcement about the etherum protocol implementation on top of xcp someone with inside information begun to buy massive amounts of xcp's.
The price drove up slowly up to 0.017 at the day of the announcement itself.
The hype took it higher to the range of 0.022-0.023 and after few days of trading someone pulled like 80% of the buy orders resulting in a very thick buy book.
You can call me paranoid, but that is my opinion (just look at the graphs before you kill me for fudding)
edit:
I am keeping an eye as well although currently I have no free btc to invest anyway (xcp is a great project with a great team I am just not sure about its current price).
The floor should be a bit higher then 0.003 which was the price before the insider pump, anyway I won't touch xcp again because they are playing with inside information - honest investors have no chance in here.
No response?
XCP investors were nailed with inside information + pump + dump.
Am I completely delusional with this? why no one speak about it?
I didn't lose anything (sold at 0.005 to the insider), but I guess many honest people have lost significantly amounts of money in here.
well i would have to say that it was somewhat obvious from the mention of overstock that something would happen in Fall of 2014. having worked with mastercoin earlier this year i am by no means an xcp "insider", and even i could guess that something would happen with overstock, but it was just an educated guess.
what however did take me by surprise though was the work on ethereum integration. while of course it is Adam's prerogative to work on whatever he wants, there was a coordinated PR campaign down with Social Radius as the PR firm. Since XCP is not a formal legal organization then certainly some people will have known about a major development before others since it usually takes at least a week or two to prepare this kind of stuff like interviews and articles, etc.
but i think you are correct, generally speaking, that the lack of timely information forthcoming when it actually happens from the major participants of the project seems to be creating information asymmetries which are causing these 2-3X pump and dumps over the last couple months rather than slow and steady value appreciation.