Quote from: satyakiko on August 30, 2017, 07:29:38 PM

MCO going down. God help us! hahaha

Yeah it's going to go down quite a bit over the next 24-48 hours. I believe it will recover over time though. It'll be a long time before it hits 600k+ again though, that was a totally fake pump, very expensive, by bots and a lot of money. I think it'll be back in the low 400's within a month though.

I'm torn on MCO, on the one hand I think it's kind of a pyramid scheme, propped up by false promises of future profit sharing etc etc. But on the other hand... it still might be a good coin to hodl. They have a lot of very pumpable events in their future and each one is going to increase the coin substantially if they can make good on their promises. Like breaking into the US market (huge pump), the Indian market (another big pump), direct deal with Visa (medium pump). When people get their first actual dividend checks or whatever MCO is calling it, there will be a huge dip because those are not going to be as profitable as MCO has claimed (not even close), but that's a good ways out still.

And just because they use bots and their own money to prop up a coin doesn't mean they'll never do it again. You can profit on that, just gotta know when to get out, wait for the market to correct, and get back in.