Quote from: ReturnOfTheMAC on July 18, 2018, 02:55:19 PM

Quote from: bitcoindian on July 18, 2018, 02:46:08 PM

Due to the market growth, the price of DENT very high after listing in the Binance exchange but crazy people bought them at the very high price but don't worry about it. There is good development team behind it where you can make a good profit if you manage to hold until Bitcoin price starts increasing more than 15000$.

The developers must surely be the only ones with the power to dump this market like this, Ive watched every day - there's been several thousand bitcoin worth of these things endlessly dumped on Binance with no rebound - its just insane. It doesn't operate like the other crypto markets which at least experience SOME sort of buying rebound when they drop 80% but apparently the desre to dump and stay out is just too strong with this thing - despite the apparent 'good news' of the DENT token being used in new countries every few days.

So what gives? Either the entire market is controlled by a group of manipulators who can literally force the market down to its knees at a time when everything is apparently going well with the project, in which case no one is going to want to invest in it - or the developers have been endlessly dumping their non circulated supply of DENT, in which case no is going to want to invest in it.

I have been thinking about this lately as well. Looking at the daily volume of Dent (and some other tokens which I am holding), it reaches 15% of Dent's market cap and it stayed like this or was even higher for the last several days (or practically since the Binance listing). This is insane and for me very worrying. That means that the price is heavily manipulated by some. Just consider that roughly 15% of the tokens get "different" owner every day. Imagine the loss one would sustain over several days trading constantly. So in my opinion these entities are trading between themselves, and most likely these "traders" are intimately connected to the exchanges (think about all the fees that are "wasted" in this kind of price movement, with this kind of liquidity). I somehow doubt that this kind of movement is caused by the developers flooding market with their supply. This long-term negative trend with such a high daily volume would end much faster (or at least the volume should drop significantly over time) if there was only one entity releasing Dents onto the market.

petarda

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