Fake Sell Walls to push down price? Yes - there are 7.3 Billion Mooncoins for sale on Cryptsy (30% of all mooncoins in existence). My guess is that someone with a large horde of Bitcoins is pushing the price down (probably trading with himself too to fake some volume) and then all the sell walls will be removed for a massive, violent pump.
Just a theory.
I'm buying as price drops since Mooncoin will reach a block-halving before anyone else will (unless I am mistaken) - ~960 blocks a day = halving in 2 months. Halving makes alt coins fun.
I'm totally in this theory I think it's very clear if you had pay attention to Sell order on Cryptsy since the beginning.
Sell order are fake and made by a big whale. And I even think that the little pump that we had before was some test for his next big pump.
However it make no sens how Monn had been taking down. This coin was highly anticipated by the whole Crypto-community and never take off why?
It is manipulated since is beginning and this guy who hold some billion just wait to make a big pump.
I definitly hold my Mooncoin, there are now in a safe place, no sell order on cryptsy.
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