I'm gonna be a hypocrite here and talk about the price despite myself. Anything with a market cap of $15 million or so will be inherently volatile. There is really nothing wrong with that until XCP and Counterparty grow much larger than it is now. If, hopefully XCP market capitalization (the value of all XCP) reaches say $150,000,000 or $50 an XCP (roughly a quarter the market cap of overstock) then maybe it might make sense to work on greater stability. I'm not a huge fan of volatility, but I think it probably draws in as many people as it turns off.
Let's revisit all this when XCP is at $50


Regarding the recent XCP price drop, we want to start by saying that the Counterparty team has been silent on this because we do not engage in price speculation, as a policy. As others have noted, XCP is still a rather young, small and illiquid market, that is as of yet not trading on what most would consider a major exchange. Therefore, larger purchases and sales of XCP can and oftentimes do push the price up or down by quite a large amount.
Other markets, such as the physical gold market, and BTC (e.g.
via Second Market, Coinfloor, etc) oftentimes have OTC markets (i.e. off-exchange markets) where interested buyers and significant holders may advertise their desire to buy or sell larger lots, in a manner that does not directly affect the market price. We are in the process of working with certain industry partners to see if such an offering could be reality for XCP. If this materializes, it should hopefully help to stabilize the price, while making it possible for larger positions in XCP to be entered into or exited in a more controlled fashion.
Yeah, I am sure it will be very easy to bring new comers after that insider trading mess.
I love this project and I think its a shame you try to cover up what happened instead of just admit there was a problem and maybe try to prevent it in the future. the graphs are not lying.
I really like XCP (I had xcp for long long time) but because I am not a super-duper-mega-ultra trader - I can't afford my self keep playing in this game.
that's all, no hate no trolling. just my honest opinion.
edit: thank all for your comments on my original post, I read it all
