FallingKnife: I agree with everything you said about the existence of fake trades, the reasons for them, and the correct trading strategy. Just for transparency's sake, the recent 200+ sell at 0.006 on bittrex was real, as I absorbed nearly half of it.
Yes, and a quarter of the amount was for me! (not exactly at 0.006) Buying all the time!
But I also think Falling Knife is right, some exchanges are playing around with some alts. So don't deposit the UNO at the exchanges. Take them to your wallet and keep them safe.
@Falling Knife: What exchange would you recommend? Has cryptopia anything to do with Unobtanium, because it has the UNO sections? I ask this, because there are many HC coin in this exchange.
I would use cryptopia more to support UNO, but there's no volume.
I don't recommend one exchange over the other. I'm glad to have them all and try to support them all.
Cryptsy has the most volume nearly every day. Bittrex is a nice platform, and we definitely want to keep that one because of all of the btc that is stored at Cryptsy.
Cryptopia has given the UNO community a new opportunity, making it a base coin. They are slowly gaining traction. I'd like to see everyone do a little trading on Cryptopia to help sustain the potential in that market. If anyone is actively trading any of the coins on Cryptopia (including Doge or Litecoin), think about helping make an Un market for your coin there. This is a cool exchange, giving each coin a mining pool, a market place, an explorer, and they pledge not to delist a coin (the coin has to implode to get delisted). Currently they have 0% fee trading.
Bleutrade is a nice platform, and are our only USD market. I'd also like to see that one gain more use.
The others I don't really follow and there always seems to be no sign of life when I look in on them.
I'd like to see us land a good Chinese exchange next. I don't think we really need any more US exchanges. The market is fragmented enough as it is.
The truth is, Uno is hodled closely. It trades in spurts. You don't swap your physical gold bullion between dollars and silver all day, and Uno sort of mimics that model. Among those of us who hold it, we often buy it and take it home, safe and away from the temptations of whim trading. That's a double edge sword; it keeps a lot of the Uno off the market, but can also cause big gaps to open. When the big trading starts, the coins will appear. I leave about 10% of my Uno sitting at exchanges, somewhere on the books, but mostly I just slowly buy on the dips, and try to close the gaps a little on the sell side when I feel like it. .006 doesn't bother me. .001 doesn't bother me. I prefer a higher price for the prestige and interest it gathers, but its fun to buy low.
A big gap and no trade activity isn't much fun. I'm probably gonna do my part here soon to lift the price if more Un doesn't appear or sell off at these fire sale prices. .009 is still a super fair price for Uno