Seems a bit overprice above 6 for now.
Usually new coins stay near the miner/dumper "price", which would be around 3 satoshis for this coin.
May be my calculation is off... anyway, I am placing a few order to accumulate around 3 just in case I am right.
Good luck all.
Why is 6 high?
because he's trolling and wants to buy low, then make several thousand dollars in a night. he's wrong, market has already proven it. free market always decides, trolls try to manipulate. this is common knowledge if you been in the game long enough.
If you look at my previous posts you will see that it is the first time I was opening a discussion about my strategy to use the miner/dumper pricing to set my entry point with new coins... should have thought it would be misinterpreted and I kinda regret it now.
Sorry, please ignore my previous post and I will keep my "trolling" to myself ;-)
Update 2/12/14:
Just to wrap things up... in the end Karma was not much different than most coins. Miner/dumper pricing is a strong force driving the price levels in the early days of *most* new coins.
I did accumulate >150M at 4 and 3 sats, and still have open orders at 3 (today's steady buy side price). I have also a buy order at 2 just in case, but low probability to get that one filled.
The dynamic is now changed with the KGW algo deployment. Better days ahead, good luck all.