Quote from: virtual_miner on February 24, 2014, 04:17:33 PM

Quote from: bitmango on February 24, 2014, 04:12:58 PM

Just looking at the cryptsy order book:

60 btc on the buy side.

124 btc needed to get the price to 10 satoshi
498 btc needed to get the price to 20 satoshi
940 btc needed to get the price to 30 satoshi

It's not suprising there are no buyers. This doesn't even count the LTC market or markets on different exchanges.. Somebody has made a royal fortune, and miners are fighting over the scraps. Anyone else who bought in before today has lost money and will likely never recoup their investment. That's the facts and why I sold my stash this morning at a 50% loss. The only way this coin can rise in price is if hundreds of people remove their orders or sell at a loss like I did. Not every one is going to do that.

This is why I try low volume speculative coins...At least if some one comes with 0.5 btc price rises very fast.
LOL...
%50 loss is nothng. You can cover at speculative low volume coins. Good luck sir.

when the price is rising up fast, the sell wall will be get away and set higher. it dont need that much btc to pump.

warrenchan

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