and we are back to the region of 17k.
i love BC, and i understand people want to buy cheap BC, but i can not understand why people want to sell their BC so cheap.
you can drive the price down so you can buy cheap BC, everyone is happy because they have bought cheap BC,but if everyone does this the price of BC wil never rise.
at the end we will always between 17k and 22k.
sorry for my english
,but i hope you can understand my point.
you are right, this is exactly what happens.
Driving the price down to 17k from 22k what takes 2-3 weeks even on low volume (and does only work if people "help" by dumping larger amounts in between), then remove sell pressure, let it rise and sell off as soon as it reaches 22k again.
It's pathetic, but as long as people are blind and fall for this recurring scheme and/or succeed and make profit on it it will repeat. I would never sell a single BC for a 20% short term gain, but we are talking about people who care shit what they trade, for 20% they'd sell their own granny cause they can probably rebuy their own grandma plus a quarter of someone elses grandma later.
