I made 372k$ from this today alone. Feels like winning the jackpot in casino.
Did you cash out $372,000 in BTC or fiat? Until you do, it is not a realized gain. Is there enough liquidity to cash out.
@thejaytiesto, just when you get jealous and bite, that will be altcoin that goes to 0 and you lose it all. IMO, you can only invest in your convictions. If you believed in a Dash-clone, then you invest. There are apparently professional groups that get together and pump coins. Perhaps @JudgeDredd_ is one of them. Why else would he have invested so much in such a risky altcoin.
I didn't invest in either Dash nor PIVX, because for me the masternode concept is a very flawed technology.
I don't have good advice for how to play in the speculation area. It feels and looks like rolling dice or getting involved in collusion. If our efforts and energies will be expended on those activities, then altcoins will never accomplish anything important.
It is a mix of luck, the tech and circumstances. The psychology must have been "well... DASH is pumping bigly, and this is a DASH clone without all the dodgy premine shit, might as well buy it". The graph was stagnant so the buyer must have thought "it cant get lower than this anyway". There is the risk of a coin getting delisted tho, but those are usually the ones that move very small amounts of BTC.
It should be all about the tech, but markets are irrational as we know and speculators are eager to make money. And obviously whales can pump any small marketcap coin out of nowhere.
Let's hope your coin is an investment I can make thinking 100% im betting on something that brings actual value. I am unable to sleep comfortably at night holding any altcoin thus far. BTC is enough stress to risk let alone alts. I just want to hold a crypto where I can store value without thinking there are always clouds around the corner in the form of a HF, a smart contract DAO-tier debacle and whatnot. That should be the priority. Just give us something like BTC, without the constant storms brewing. If proper electronic cash can exist then everything will be built around it organically IMO. I still believe the killer app is decentralized money. If the PoW problem could be solved to avoid cartels from being formed then bitcoin would be it but that is not the case thus far as we know.