Quote from: infernusdoleo on December 27, 2014, 03:45:46 PM

Quote from: balu2 on December 27, 2014, 03:38:30 PM

premine is never legit. It's a lot of lies and the coin was just created to sell the premine to you. Once the dev sold all his coins he will not care about the coin and just start the next scam.
You must be new here?

Right. Understood. Thats the simple, "I havent bothered to actually think about the answer" answer.

But it doesnt explain the systematic, methodical, intentional devaluing of the coin. Not devaluing because a crapton is being dumped, but devaluing by intentionally posting sell orders much lower than the current, people are actually buying it and the price is rising value, and then when the lower sell orders are gone, intentionally WAITING for the price to start going BACK UP before posting another downward-price-driving sale.

Anyone who's put as much work into the website, the theory behind the coin, the possible scam supporting it to make it look worth investing so he CAN dump it... Would not be so stupid as to purposefully destroy their own profit by methodically lowering the price, and pushing it down EVERY time it shows life and starts to climb again.

Any smart dev dumping a coin would dump a ton... and then let the price recover. Maybe even buy some back, show buy support, stack low buy orders to weight the market depth charts. Then dump some more.

There's more to this than merely dumping. If you truly think thats "just a dump" then maybe the noob isn't on this end.

And yes, I'm very obviously new here. I obviously know nothing about crypto Wink

the possible answer would be:

-he has way more coins than you think he could have that's why he dumps because he knows price will never come back higher
-he is bad trader or impatient (i can't believe we even discuss that here)
-needs to get a lot of coins out before others realize his selling and dump too - so his timewindow to sell his big premine is probably small because others could take his liquidity in the market once they understand he's selling.

other question:
why do you even care? Are you still in the coin or what?