do yourself a favour and wait for the dump before buying in.
I am fairly new to altcoins so I have to ask thi question: How did you predict that there is going to be a dump. Is there a way for understanding if a coin is going to be dumped or pumped soon?
It is easy to pump & dump a coin if there is almost no-one buying or selling on the exchanges.
Check:
https://bittrex.com/Market/Index?MarketName=BTC-NLGGo to: ´Orderbook´ and filter prices to ´all´.
You will see that no-one is willing to buy for these ridiculous prices. (the green area = buying)
Its still unbelievable the prices stayed this ´high' for the past 8 hours. There is no buy-support.
Edit: if you dont know anything about trading/altcoins/etc... just stay away coz you´ll get screwed over.
Sidenote: Coin itself is allright, but there is no market to support these prices.
It has rebounded from more then 8 dumps to the 12k price level, going from 400, even if the coin settles at 4k-5k it has made the best gains of the year for any alt.
It was 1 person (LTEX from AUR) who dumped about 1 - 1.5 million coins early this morning that he picked up early on in 2014. Can't blame the guy for taking profits.