be carefull guys to buy
dump will coming. i just reminder.
Of course there will be corrections along the way but this last leg up was the first time the trend went exponential. It retraced from .125 to .05 fast with very little window to get in on either extreme.
This coin's fundamentals are amazing and having visibility on a high volume exchange like Poloniex to allow for price discovery is of huge importance. I know over the last 6 months I've seen the spectre of de-listing from Poloniex come up as a speculation due to XBC's low volume from time to time. While there will be a correction over the long run today has a done a great deal to instill confidence that de-listing due to low volume is not likely to happen anytime soon.
While in all likelihood there will be many corrections (as there should be really) eventually there isn't a correction. I'm pretty sure at least that earlier today we saw an instance when there wasn't a correction when we broke out of the long price channel of .001-.004. Anyone that was waiting for a correction within those bands (myself included) was disappointed and likely will be for some time. Where the new channel will settle and how long it will last is anyone's guess but it appears there are some strong holders in the coin and it certainly got a lot of attention today (it seems hardly anyone noticed it before judging by the trollbox)
A big thank you to the development team and Poloniex, today is a great day for XBC. Hodlers keep thinking in the long term and dont be afraid to protect your profits but for the big whales we realize with such a small supply there is no need too get too excited. A coin held out of the market can also go a long ways if you believe in the platform's future success and have patience. Patient people were rewarded today and will continue to be. But if it were easy or not scary no opportunity would exist.
