Post
Topic
Board Announcements (Altcoins)
So now that this coins price recently lost ANOTHER 25% of its value
by
john.btc
on 26/01/2019, 13:40:34 UTC
Somebody on Reddit who was as well banned most of the time, posted an interesting comment on the reddit topic. Check this out

Quote from: CryptoInvestor89

So now that this coins price recently lost ANOTHER 25% of its value, I wonder how much lower can it go! The rally around October was a blessing and thank God I sold! I now ask to the marketing referent of Nimiq what follows: I noticed more than few times that through surveys etc you try to catch what value does the community associate to this coin, maybe in an effort to understand what aspects should be highlighted the most to and be percieved appealing about this coin. Let me ask you this: did you know that a fundamental principle used by traders to decide when and whether to invest or not is that price disconts EVERY information about the coin? Basically investors do not proceed to analyze fundamentals, decide to believe in a coin and buy it. No. Analysts look at graphs and decide what to do just looking at price and price only because trading theory teaches that the price movements are already indicating the value of the fundamentals. So I suggest you stop going around to ask people what they think about Nimiq and start looking at the price as indicator that can give you the answers you are seeking. The market and therefore investors are currently not giving value to Nimiq and making money at the expenses of the poor guys who fall for the "buy the dip" mantra, because every dip is never the final dip: this coin is goin deeper AND deeper. Please, team, start being scared about price movements of this coin. Information is INSIDE the price and even in a situation of bear market, Nimiq has shown a awful performace compared even to Bitcoin which lost itself quite a lot. You are not going down with the bears, you are going down MORE than the bears.



Now, it is clearly that they started to buy cheap coins from the market to keep the price afloat, making the scam going on further to scam new buyers.