Quote from: So_good__ on February 09, 2020, 12:43:33 PM

I totally agree that technologically Cloak's price must be well into the double digits but:
I understand your analysis, but in this case, where else would you find cash for Cloak besides Livecoin and Stex?! That's the only place where there are purchase requisitions. Trading Bots or not, these are the exchanges that make the real market at the moment. Other exchanges have been locking the wallets for months like Yobit Mercatox Bitbns BitRabbit and others under the pretext of maintenance that lasts indefinitely while the guys just have to enter the command line sudo: update

That's a valid point, but 0.17 BTC Buy orders on STEX, or 0.5 BTC on Livecoin down to 1 sat. These buy orders will never be filled and when just one big hodler decided to dump, the price will reside down there at a few satoshis, most probably. These buy order don't make a market.

BitBns is only available to traders having an indian mobile phone number afaik, I can't register there.
BitRabbit is open for withdrawals and deposits. Also Folgory is open for withdrawals and deposists, unfortunately nobody installed trading bots there yet and real humans aren't trading there either.
I know there are issues with Yobit and Mercatox, but I don't trade there and I never had accounts with them, these 2 exchanges look scammy to me ever since.

We can break down the problem to:

- potential buyers don't want to pay higher prices, they don't even want to buy for 30 cents (about 3k sat or higher right now)
- sellers don't fill the low buy orders, or most sellers don't even want to sell the initial investment, they'd like to trade their stakings, which is only worth doing it at much better prices
- potential investors are unable to buy larger amounts of CLOAK without kicking the price to the moon, which gives them a bad avg. base investment price. I also consider this a problem.

Unless this changes nothing is going to happen, unfortunately.

gloana

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