Post
Topic
Board Announcements (Altcoins)
Re: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open
by
toknormal
on 07/12/2014, 15:17:13 UTC
I don't really care what the price is doing as long as there is volume. No volume = dead coin.

The reason for the massive volume is that the market's busy revaluing the IPO and people are daytrading with charts to try to mitigate their losses.

Yeah, the price is constantly going up, some pump group must be helping the coin.

It is not "constantly going up". The 4 hour chart for Bay is massively divergeant to the downside. This isn't going significantly back up anytime soon and no amount of spamming the thread with "price is going up !, long term is what's important, you don't loose until you sell" nonsense is going to change that.

Time for people to swallow a bit of realism here and allow the market to find a real valuation for this project in its current state.