I have studied the order books, the news, promotions, charts, listings, youtube, bitcointalk, reddit, and whatever other source of information involving Kucoin. From my perspective there is a LOT of attention on the main coins right now. Everyone is talking about whether or not Bitconnect is a scam. There are so many ICOs coming out, people are posting videos about whether or not more money can be made investing in ICOs. This and HYIPs. Bitcoin cash being pumped by Korea has stunted and taken money from Kucoin's potential growth.
Everyone focused on the fact that Bitcoin could potentially hit 10k in the near future is a reason I believe that not as many people are diversifying at this moment. Big players like POWR, BCH, PPT, VERI, NEO, LTC (not in any particular order) have ALL recently had amazing runs over the last several weeks. With this being said and kept in mind, one must know that Kucoin is not failing or dumping.
Many people are posting on reddit, negatively, about bots trading and coming and making it harder for orders to get filled. In that, someone places a trade and they're seeing an order get placed 1 sat above or below the price they're trying to trade at.
With Kucoin, like all centralized exchanges, having API bots will always be a way of life. I honestly feel as though it is so difficult to make good money on Bittrex because there are so many bots. Im sure there are on Coinexchange and Binance as well. But since Bittrex has been around longer and people can easily decipher things the longer they've been around, I'm assuming that it can be easier to make more money on these other exchanges sometimes. Newer coins listed on the former two exchanges Ive mentioned always appear to be going up 100-1000% on coinexchange. I understand there is not a lot of volume, but I have made really great trdes on binance and coinexchange.
THE MAIN REASON i'm posting this though, is because I think the developers or someone in connection with the platform is using the bots to trade the 1700 or whatever amount of btc in 1st and 2nd place in competition for the iPhone Xs and 8s theyre giving away. With all of this good news, new markets, and work this platform is doing, there is ABSOLUTELY NO reason that the price should not be back over 1 dollar already.
As I said, I study the order books. I watch the 66.6666 orders placed right after another and the 30,000 orders placed and vanished before theyre filled just to drive the price down. It's manipulation to the max. I just hope they can hurry up and win their iPhone so they can stop trading back and forth to themselves and let the price fly like it should have been.
Just my perspective though. I've been called every name in the book...so, from your perspective, take my ramblings with a grain of salt.
I'm from an alternate reality
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