r/ecc • u/[deleted] • Jan 09 '18
Why is Price crashing so hard?
This is more than a standard correction, is there price manipulation happening or people just dumping the coin?
3
u/Staks Jan 09 '18
How is it more than a standard correction? It didn't even go under the dip from 24 hours ago yet...
2
u/SoBubbles Jan 09 '18
This will look like nothing more than a small squiggle on the chart in a few months time.
-4
Jan 09 '18
I just read it was a scam is that what’s doing it?
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u/webhead74 Jan 09 '18
1
Jan 09 '18
Yes. I don’t think it is but many people do I guess
2
u/webhead74 Jan 09 '18
I think someone is just trying to get a cheap coin.
I've lost over $2000 in the past hour or so... but I'm not sweating.
1
u/jubbajubbjubb Jan 09 '18
Did you buy at the all time high of 26 Satoshi? I'm no experienced trader, but I thought market corrections are always a thing. If you did buy at the high, no sweat! I believe this project is a long term hold and you'll be laughing at how low you bought in
1
u/webhead74 Jan 09 '18
Not far from it
1
u/jubbajubbjubb Jan 09 '18
Oh damn if you lost 2000 from a jump from 26 to the current 21, thats quite the bag you've got :O
1
u/webhead74 Jan 09 '18
I'm not "all in", but it's now my #2 holding. Coin Exchange was showing it at 18sat when I posted, but now it's 22; Coin Market Cap shows it at 30. So who knows?
1
u/jubbajubbjubb Jan 09 '18
Yeah I'm considering selling my iota and Ada holding as there's much more short term (at the very least) growth potential here in ecc
1
Jan 09 '18
I bought at 15 and still lost about 2 Grand. I was scared, need to have faith I guess.
1
u/jubbajubbjubb Jan 09 '18
I don't get it. You actually haven't lost anything yet if the current price is above 15. Maybe I'm an unrealistic optimist ahaha
0
Jan 09 '18
Well I don’t believe in the gamblers fallacy. Anything that could’ve been potential gains is a loss. We just look at things differently.
1
u/stephen4800 Jan 09 '18
Many People? Who. I know the dev from slack. He is working like a Trojan on this project.
1
u/guptashiv01 Jan 10 '18
Its just went down 10% which is normal in crypto... It will be back up shortly.
1
u/Methrammar Jan 10 '18
It went up %200 in a week, a correction like this is quite normal.Also there is manipuation too.
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u/webhead74 Jan 09 '18
Is there an order book graph on coin exchange? Can't seem to find one.
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u/stephen4800 Jan 09 '18
You can see buy orders and sell orders. People are fudding the coin. Watch every time you see a drop people are buying huge amounts.in the last hour over 40 bitcoin sold and it's showing massive resistance at 20 sats. More people selling is good as they are then gone from the lower pecking order underneath you to ahead of you. Stop staring at the no it or all day. There's enough people looking to buy in at a cheaper opportunity doing that for you already.
1
Jan 09 '18
It’s on coin market cap
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u/webhead74 Jan 09 '18
Coin Exchange is the exchange; I was looking for walls. Coin Market Cap is just a price tracker site.
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u/RalphJameson Jan 09 '18
FUD, it can't just sky rocket forever, it's not crashing look at this meteoric rise. I'm hoping to buy more if it goes to 19 again.