either way we look at it for supporters of credence or non supporters.
Credence is getting completely smashed down. Sell orders are huge. Price is honestly going to touch $1.00 flat if something doesn't magically come up.
These are facts, these are how markets work. 3 things that will effect price from here.
1. Lending Platform/Site or some off the wall news
2. Coinexchange lists and we get a wave of new traders
3. Some whale gets bored and buys 100k+ Credence.
I personally am holding and staking tens of thousands of credence. I could have sold at a higher price, but this is the risk i am taking, To ride it out a bit longer and see if the Dev is going step up.
I'm not ' fudding as newbies will call it ' Its called facts
This is the name of the game, i've traded BTC/LTC, Stocks, Options, Forex for many years. Everyone thinks 'every' ICO that comes out you have a chance to make a million dollars.
Either. Ride it out or get out and move on. pretty simple....
Whats the best price for the platform launch that's what investors and dev should be thinking about, is it better the price is $10 per coin and say 500,000 coins get loaned at $10= $5 million and $50,000 interest paid daily or would it be better for long term growth if it started at $1 meaning $500,000 in loans and $5,000 a day interest?
Hextracoin is offering a bonus that is going to mean huge amount of loans, probably more than was even raised in ico. It is interesting to think what would be the better option, have lots of money in loans kickstarting the platform or do it the bitconnect way through organic growth, only time will tell.