Hi I recently traded some bit coin for an altcoin that has a buy in of the lowest amount .00000001 and there are no buy orders only sell orders up, The volume has spiked 17-24 and now down to 13 is this a bad thing? they have a web site and seem legit. is there any hope for this alt coin should i try to sell everything to get my initial trade back?
What is your coin?
If the valume down and thats not good thing in my opinion. Its good thing if the volume increase.
However, if there is no buyer i think the coin has no future and it might be risk. Be carefull.
It is the PAC coin i read threw some of the articles on here it shows some promise in come February and march. I will start tracking the volume on market cap to find a more accurate outlook. I also feel like it a scam because once and a while i see the volume on the sell orders jump around to make it appear as if it will start the buy cycle making more people throw money in a bottomless pit.