My post was deleted because is asked why there was no
source codeUnless people can see the source code, anything can happen, like hidden blocks to say the least
No source code + No block explorer = Perfect coin for Bittrex.
I don't know about that.. a quick search on google found this
https://chainz.cryptoid.info/dibs and
https://github.com/DIBBITSDEV/I can't believe that after all these years people still don't understand how markets work. There are market makers in every single tradable capital asset class. This includes fiat currencies, commodities, futures, bonds, swaps, stock indexes. They are all designed by the 1% to feed on the 99%
Try open a position 200x with a large amount on a currency pair and watch the market maker rape your ass on it.
Meanwhile, politicians, policy makers, banks and other institutions are playing this game over and over and have been doing this since the invention of markets. The MO hasn't changed and isn't ever going to change.
The price is just a mechanism to get people involved and to trade, which stimulates the market to do something more.
Bitcoin whilst 'claiming' to be the first crypto-currency (but it is not) has exactly the same story, an extreme price dislocation from its intrinsic value, to get all of you to buy in and hope. Meanwhile, you think the notion of 'development, progress, updates, news' is suppose to justify the movement of price ? Hell no.