With such heavy price manipulation...it may take 500 years to hit $5/BC.
there is no price manipulation. if a market wants to go up no sell wall can stop it no matter how large. but if a market is not ready to go up any sell wall can send it reeling a bit.
all these complaints of pumpndumps and market manipulation is stemming from the skeptic leeches of crypto world. they view all cryptocoins as a scam of some sort and dont respect them as real investment opportunities. this is why mega farms have raped coins across the board, believing they will never get a return unless they cashout for small profits.. a couple months ago we were mining at $40 per mh/24hrs, before that it was $80 and $100.. now it is $10 and as low as $1.
many have wasted their time and energy in crypto. even those big farms that just dumped all their stock on the market for cashing out purposes. they lost out because they didnt give their mined coins a chance to flourish. even tho they had the upper hand in that by mining so many coins and holding off the market as a true investor would, would guaruntee price rising from constant new investors over time. but instant gratification has been the downfall of alt/crypto. communities couldve taken any coin and done what we are doing with blackcoin. but as long as so many heaps believe and spread the idea that cryptocoins are a scam, they destroy their own future wealth or even the possibility.
it's called self-fulfilling prophecy. you label it a scam and so you treat it like a scam, then and only then does it really become a scam because of the way you handle it and the scam caller becomes the scammer.
most of the dumpers dont even understand how crypto investment really works or theyd never sell their mined coins the day after they mined it and crash markets. they dont understand that btc is perpetual investment if they work together as a community continually reinvesting btc gained from sold coins to buy more if price drops. i have watched it all over the exchanges.. poor trading by noob traders.. trading small margins and downtrading their stock to nothingness. then they abandon it because it's dead and call it a scam.. lol the irony.
sorry for wall of text, but ive wanted to say that for a long time on this forum. maybe i should make a thread for it ;p
but let me just lastly say.. there are no scam coins in crypto. as long as u can generate enough investment for a coin it will be successful for all participants. as long as u dont bleed a coin's investment dry, you will always have a reasonable income for ur mining. dont oversell markets when their demand is low. sell a little every day if u must get rid of them as ur decision. always leave some room for a recovery so u can sell at the same price again, and again, and again.. or maybe even higher the next day.
