Quote from: kraterion on December 24, 2017, 01:34:14 PM

Quote from: db71 on December 22, 2017, 03:34:58 PM

Quote from: strelok25 on December 21, 2017, 10:53:33 PM

The price for COR tokens as suggested by the developers and written in their technical documentation was to be stable and equal to $ 1 and if the price of the token fell below $ 1, then the project was supposed to hold the price of the token in the region of $ 1 but in practice the price of COR was below 0.65 cents but the project did not raise the price of the token to $ 1.

3 Reasons:

1 BTC is dropping (now, not the past weeks).
2 Daytraders on Cryptopia don't know the CORION system. The buy, wait for 5-10% profit and sell. This is to much fluctuation and can't be corrected. That's why CORION is working on an internal exchange where day traders have no influence.
3 ICO investors who only wanted quick profit. Take the 25% bonus, sell as soon as the ICO is over.

2 and 3 combined is to much for the stabilization fund. Expected in januari, the new wallet with internal exchange will arrive. Then CORION would probably be delisted at Cryptopia and thgen the price can be stable at $1 +- 3% (?)

Order books are so thin that I don't believe that you can't rise the price above $1 with just a couple of BTC. I just checked and the way to 9000 sat is just 1.46626273 BTC , how much is the fund? 1 mBTC?

It is indeed easy to get the price back to $1, but keeping it there is difficult. Lot's of traders at Cryptopia bought CORION and are waiting for a profit. If the price is rised to $1, then they certainly will sell and the price will drop again. So 1.5 BTC is not all what is needed.

There are also still some ICO investors waiting for a good price to sell their amount. And last, investors who desperately need some cash and investors who think that there could be more profit in other coins will also sell at higher price levels.

The stabilisation fund should have been used from the moment that CORION was listed at Cryptopia, but they waited to long. The CORION foundation tried it a couple of times, but didn't expect to see such sell orders after they rised the price and now it is to late.

When in januari the coin would be delisted from Cryptopia and there will be an internal wallet, then after all day traders sold their coins (to the CORION foundation), the CORION will be stable...

db71

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