price of "long term" Gulden goes down, seems like bad news are right at the door.
Nah, looks like some stop hunting...and up again.
DEFINITION of 'Stop Hunting'
A strategy that attempts to force some market participants out of their positions by driving the price of an asset to a level where many individuals have chosen to set their stop-loss orders. The triggering of many stop losses generally leads to high volatility and can present a unique opportunity for investors who seek to trade in this environment.
Read more: Stop Hunting
https://www.investopedia.com/terms/s/stophunting.asp#ixzz57UiBN4Sq Follow us: Investopedia on Facebook
Well I cannot see any unique opportunity of trade here. Stop being optimistic about this one. You have no scenarios other than "to the moon".
You keep saying that Gulden is cheap, where a currency cannot be cheap or something in economics. The price can be lower or higher than the past, but you cannot say it is cheap. The market decides the price itself, and for Gulden there is no demand due to several causes including the arrogance of the founders and developers. They just love the fancy word of democratisation, yet they go into another direction. Also, everyone talks about that Segsig will change the game, yet I believe the other good coins will be much more better when Segsig is done at this speed.
