Price-Rollercoaster for Deeponion. I worry not

in #bitcoin7 years ago

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"What goes up must also come down". Every time Deeponion reaches a new peak, someone foresees its imminent collapse. One of the characteristics of financial bubbles is that it is difficult to see that they are such. Before the subprime mortgage crisis, few thought that the perpetual rise in property prices in the United States did not obey any natural law.

Deeponion instead already has its "Cassandras", starting with many sub-forums and reddit users, who never misses an opportunity to attack it. On the other hand, it is difficult not to be suspicious of anything that passes from 0.11$ to 4$ then back to 3$, in the course of 2 months.
In early November, Deeponion has risen significantly in price, when word about it started spreading and the airdrops started to kick in. A few weeks later, the all time max was reached, at 4$.

Let us remember that there are no right or wrong prices. The price system serves to communicate information. People who sell Deeponions to a certain amount, or buy it at a certain value, do one thing and the other on the basis of expectations accrued with their understanding of the circumstances in which these exchanges take place. It is difficult to have strong expectations about new things.

a 2months time span is too short to give this coin a value or a standard price, we have yet to see its real manteinance level, that could be anything between 3 to 300 dollars. Let's wait for 2018 and keep holding.

disclaimer: this is not a financial advice, i am not a financial adviser, invest at your own risk

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