I think its really sad how markets behave lately. People just jump on thinking it will go to the moon overnight.
I went into EOS around 1.5$ because I think it has potential (still gambling). People selling at this level are doing whatever imo. Why did they buy it in the first place apart from just a blind bet ?
Yeah I'm really not sure why you would sell down here, though as others have pointed out in the comments, a lot of it is probably people arbing the ICO
Could be indeed arbitrage. But isn't the ICO price usually higher than the exchange price ?
Last I looked a few weeks ago it was fluctuating between discount and premium - see conversation with @codewithcheese below :)
Ha indeed :) To be honest Im just repeating what I read on the ICO price Vs exchange. Anyway current pricing really hurts :) It even feels it could go deeper what really doesnt make sense...