Proteus
Member
At this point it would be foolish of me to think that I am doing anything but throwing my money away by purchasing DASH. I've spent around 5k in the last week alone attempting to protect my existing holdings by reinforcing walls on poloniex. I did this previously on cryptsy. Considering I've focused a lot of liquid resources towards DASH I decided to analyze the trading data from both exchanges (pulled from API). Obviously looking at everything but more importantly the specific trades or combination of trades that are driving the price down.
It's incredibly apparent that there are quite a bit of small to mid level investors very interested in DASH, and are there to soak up volume when they believe there is an opportunity for a strong increase. I thought that the "pre-mine" trolls may be FUDing the small time investors into dumping but absolutely not. Not in most cases. All of the price demolishing trades are being done in chunks of "555" "333" and similar amounts done with market orders, not placing walls or trying to FUD the depth chart in order to get gains (for shorting). This is a specific individual that is looking to cash out as much as they possibly can right now. They're waiting for the 2-3% recovery and right when the market is ripe for an upswing (which means a healthy floor volume) they smack their ridiculous order down wiping out that 2-3% floor.
If this is not EXACTLY what it would look like when someone was trying to dump their pre-mine I have no clue what it is. Someone who actually purchased those DASH would never so carelessly take and create losses. Whale manipulation has been analyzed for years, especially recently on bitcoin charts. This isn't whale manipulation. Whale manipulation would 4x volume and show a 10-15% downtrend. Not 4x volume & 2-5% stable. If this is from the budgeting system, then it is a failed and premature system.
Either way you look at it when you have a 50% price decline in a relatively short period of time amid some of your biggest technological advancements and largest increases in awareness you can be rest assured, you are failing.
Someone is knowingly and carelessly destroying the value of our "holdings" ... I almost never rant or complain on the internet, but I'd be willing to allow others to review the data themselves. There is fuckery going on here.... and I hate fuckery.
It's incredibly apparent that there are quite a bit of small to mid level investors very interested in DASH, and are there to soak up volume when they believe there is an opportunity for a strong increase. I thought that the "pre-mine" trolls may be FUDing the small time investors into dumping but absolutely not. Not in most cases. All of the price demolishing trades are being done in chunks of "555" "333" and similar amounts done with market orders, not placing walls or trying to FUD the depth chart in order to get gains (for shorting). This is a specific individual that is looking to cash out as much as they possibly can right now. They're waiting for the 2-3% recovery and right when the market is ripe for an upswing (which means a healthy floor volume) they smack their ridiculous order down wiping out that 2-3% floor.
If this is not EXACTLY what it would look like when someone was trying to dump their pre-mine I have no clue what it is. Someone who actually purchased those DASH would never so carelessly take and create losses. Whale manipulation has been analyzed for years, especially recently on bitcoin charts. This isn't whale manipulation. Whale manipulation would 4x volume and show a 10-15% downtrend. Not 4x volume & 2-5% stable. If this is from the budgeting system, then it is a failed and premature system.
Either way you look at it when you have a 50% price decline in a relatively short period of time amid some of your biggest technological advancements and largest increases in awareness you can be rest assured, you are failing.
Someone is knowingly and carelessly destroying the value of our "holdings" ... I almost never rant or complain on the internet, but I'd be willing to allow others to review the data themselves. There is fuckery going on here.... and I hate fuckery.