To the dude that placed the 100 BTC buy on Mintpal yesterday to test the waters, please try again today. The sentiment has changed, people are feeling confident again about this coin. There is a very good chance we can again get close to the high of a few days back.
Accumulation has been occurring between 190k-250k all day. Larger players are moving back in and need to re-buy as slowly and carefully as possible without causing panic buys.
You can see the difference between the first two rises and the second two today.
At the trend reversal point early this morning I placed just a 1 BTC buy order on top of some sub 1 BTC orders after trying for a hour to buy
coins with 0.5 and 0.8 BTC and the like. Within seconds of placing a 1 BTC buy wall the first panic buy rush of the morning started and then did not stop for
40-50 minutes from 170,000 all the way to 248,650 satoshi. I admit I jumped in immediately and bought some around 170k-190k right there.
I expect to see a nice steady rise back up to 300k satoshi over 24 hours or so. Possibly 48 hours if it heads back down a bit and then up again.
It would be wise to buy responsibly and help keep things more stable as it rises up.
So I think it's safe to say -- it's safe to come back to XC.
