Hello there MintCoin community. What a ride the last 24 hours have been! We are all feeling pumped aren't we?
I just sold all my MintCoin today, there has been so much volume come through driving up this price the last 24hrs (420+ Bitcoins or $240,000 cash money) that it is simply unsustainable. A quarter million dollars of mostly buys is certainly likely done by a big player or syndicate. If it is a true long-term investor, he will not keep buying this way as he knows he has inflated his buy price to obtain such a huge amount of coins. If it is a 'pump-n-dump' scam group like Wolong that the crypto-lemmings are so fond of, well, then things could get pretty ugly.
Exactly the same thing happened with Vertcoin when it was around the same market cap (1 million dollars). It then exploded up to $7 million dollars market cap in 3 days when it was added to more exchanges. This coin also has the added advantage of sharply decreasingly block rewards which will limit miners dumping each week plus it will promote the belief that the price will rise as the coin becomes rarer.
I've been in this community a long time. I know a snowballing coin when I see one.
Yep, I bought into Mint yesterday in the 7 range right before liftoff. I discovered a real gem! (I think)
Why a new coin holder like me is excited:
-
New and different from the rest.-Combines the best of PPC and DOGE.
-Level Roll-out
-New website/logo
-Encouragement to hoard.
-Dividend paying
This is the only investment grade coin! I give it a
Triple A rating with a price target that competes with Doge and makes a PPC owner wish they had some.
Investment grade coin bucks the trend. All arrows are red and pointing down except the "HOARDING COIN" Where it pays to Hoard.
Why people will be buying it after March 15th? Cause it will pay out interest/ dividends.
This coin stands tall and far apart from the others. Thanks for the great welcoming from the BipolarTrader! Long strong and a MINT HOARDER. I don't care if it goes lower or higher, buying everyday till March!
This is my retirement. Its like an annuity. Or stock in a BlueChip! Where is all this coin shit going: Well, Wall Street needs a way to issue Stock of companies w/o the need for Naked Short Selling. This system makes sure there is no Naked Selling. All stocks of company will be issued this way. Keep the tech moving!
Thanks from a Wall Street Trader. Yah, the Bipolar trader, looking for the interest bearing hedge. Thanks MintCOIN!