Somebody is pushing down price of BC on Mintpal with 20BTC worth of sellwall

[mkasiak]

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.

[1714982121]

1714982121

[lynn_402]

Perhaps he's trying to sell these: http://www.cryptocoinsnews.com/2014/03/25/cryptorush-loses-millions-of-blackcoins/

[porcupine87]

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

[mkasiak]

Perhaps he's trying to sell these: http://www.cryptocoinsnews.com/2014/03/25/cryptorush-loses-millions-of-blackcoins/

Maybe you are right.

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

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. 

[majorminers]

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

[walnutter]

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.

[baka]

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.