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Author Topic: Somebody is pushing down price of BC on Mintpal with 20BTC worth of sellwall  (Read 421 times)
mkasiak (OP)
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March 26, 2014, 10:13:19 AM
 #1

I have noticed that there is a sell wall slowly pushing price of Blackcoin down on Mintpal. It is worth of 20 BTC and it is gradually going down.

Maybe it is related to argument between cryptorush exchange owner and BC developers. Somebody who seemed to be from this exchange promised revenge and destruction of BC.  If it is true, it would be ugly, even criminal acting. BC trading is closed on cryptorush, he could "borrow" coins from there to manipulate price.

Other explanation is that it is just a whale trying to buy more BC by pushing the price down.
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March 26, 2014, 10:14:54 AM
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Perhaps he's trying to sell these: http://www.cryptocoinsnews.com/2014/03/25/cryptorush-loses-millions-of-blackcoins/

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NPay Network
Masternode: 80% POS: 20%








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porcupine87
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March 26, 2014, 10:19:03 AM
 #3

I like BC but at this point it is way overvalued. This is because it drops...

"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
mkasiak (OP)
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March 26, 2014, 10:23:36 AM
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Maybe you are right.

Or maybe it is really a "whale game". Now there is 18 BTC of buy order.   Huh

It is sure, somebody is playing with this coin, and small trader can burn  hard. It is a pitty, because it seems to be a good coin. 
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March 26, 2014, 10:44:05 AM
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Maybe it's just all the cumulative sales orders being for the same amount - indicating a consensus of current value.

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March 26, 2014, 10:50:28 AM
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Maybe it's fiat bankers trying to destroy cryptocurrency one coin at a time by driving down all the prices. They certainly have the capital to do that. Of course they will never succeed , but still they try.
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March 26, 2014, 10:54:11 AM
 #7

Maybe it's just all the cumulative sales orders being for the same amount - indicating a consensus of current value.

Watch the orders on mintpal, and you'll see it's just some faggot pushing price up and down.

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