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RE: Chasing Chain Coin? A Word of Caution, Checking the Richlist, and Comparing it to Other Parabolic Moves
I have to completely disagree with you here. At the current market price $5.59 one masternode will net you $335 a month in passive income. Why on earth would people sell those? For a coin to drop in value there has to be a massive sell off. If you are not paying attention to what the community is doing behind this coin we are all HODLING. We set buy walls at a certain level to stop the coins from crashing and sell wall to stop it from going parabolic. The community is what makes a coin and I have not seen one this passionate about a coin in a long time. I'm not selling!
Price is at 3.33 according to CMC. You could have sold all of your coins at 5.59 and bought them back at 3.33. Someone sold coins? Probably the people who are telling you guys not to sell. HODLING doesn't mean anything. Why try to even get the price to move if you aren't going to sell? What are all you guys going to do with the MN rewards? HODL them too. Seriously? No way.
The price DID go parabolic. If that move wasn't unsustainable I don't know what is. I appreciate your enthusiasm @dekm , @pandorasbox, @mykelzor, and @jallieum but the people who bought at the top just got wrecked. That is exactly what I was talking about when I wrote this post. You guys aren't all holding. You've been tricked into holding while people are dumping it down to what the current price is.
https://coinmarketcap.com/currencies/chaincoin/#markets
and the people who bought ETH at 350-380 USD are not wrecked today that its at 140USD??? always people who buy at the tops are gonna experience dips.Also the HODL movement is to allow the coin to grow and protect it from whale attacks and speculators.90% of the people in the cryptospace just buy and dump bro and most of them are lunatics because they buy a coin and expect to become millionaires in a couple of days and dream of lambos and when the dips come they cry like little bitches....I hope the current crash leaves the more experienced players in the cryptospace.