WTF at dump.
I really don't like this kind of move in crypto. It was at 79k earlier this week and now it's at 40k. That's almost 100% loss for investors and I'm not sure if start is trying to scare people away or attract. This kind of move can destroy any altcoin and no investors would be ready to touch it. People want some kind of assurity with their investment.
It`s a 50% drop. But we need 100% to get back to ATH. It`s the magic of percentages ;-)
as an investor that's extremely risky. If Max is backing it up he needs to put some kind of buy support so this doesn't happen again and investors can feel safer with their investment. I'm out till then..that was not something I was really expecting nor was I prepared for it. I know crypto is risky in general but big downward changes can be unattractive to people who're planning to invest. just my few cents. I still don't see a floor so I'm not sure how low it's heading.
I actually agree with you. Especially since this project is not really "loved" by the crypto community (pre-mine, Maxcoin etc), who are at least used to the volatility. People new to crypto get scared like hell by such swings and I had anticipated the team trying to prevent at least some of the swings. I`m sticking to it, though. To me Max & Co seem credible in the sense they do not want to see this fail and they have some resources to prevent that.