$DCR I still think Decred is being dumped. You can tell from people panicking and coming at me, too.
Some clueless folks say there’s no demand, but if that were really the case, there’d be no need to stack sell walls like this—they’d just dump everything at market.
At these prices, you can just buy, go long, and win.
$DCR Also, before the big spike last November, rates were in the 20–30% range, but now they’re sitting around 50–60%. That suggests loans aren’t being returned to the lending pool as expected, or the total lending supply has shrunk—so even small borrow amounts are causing the APY to move pretty much linearly.
$DCR Right now, the amount of spot being lent out in the pool is down to about one-tenth of what it was during last year’s volatility, so it’s no longer a reliable source of spot for perpetual short sellers.
$DCR It's better to understand the structure of DCR. It's not something to trade in the short term, so selling now would be foolish. You can still buy it cheaply.
$DCR Come on, short sellers. You guys need to try harder to drive the price down. There were a few guys who were working hard on a negative campaign. I'll buy it cheaply, so get rid of it quickly.
The buy orders currently being placed on DCRDEX are a vampire attack. They're essentially draining Binance's liquidity, preventing short sellers from margin shorting. Essentially, the strategy is to remove the physical assets from Binance for short sellers to sell. If this were to happen, lending interest rates would rise, making it extremely difficult for short sellers. In fact, interest rates have risen significantly since yesterday, when these massive buy orders were placed. The reason for this attack is likely that they believe they can now completely eliminate short sellers. Short sellers have really lost their power recently. The liquidation of huge short positions is imminent. Shorters, please wait in trepidation.
Shorter's dump only works while he's selling, creating a good buying opportunity. It's becoming increasingly difficult to bring the price down. If more people understand Decred and start making steady savings purchases, victory is sure!
Shorter is working hard on his negative campaign, but a price drop is welcome because it will only lead to more buying.
Shorter is trying very hard to bring the price down, but he hasn't been able to drop it all the way. The sell orders at $40 have disappeared, so I think he used this to force a sale. There's almost no spot left to sell, so I don't think he'll last this week.