Post
Topic
Board Announcements (Altcoins)
Re: ••• [ANN][SMC] SmartCoin • KGW • 9 EXCHANGES •••
by
sinnyc
on 22/02/2014, 04:47:11 UTC
I say let these guys try and drive the price down.  In the short term it's great because I can buy and mine more.  Everyone should know that these markets are controlled by the few that own the most coins.  It's not like the price of Smartcoin is by consumer demand, yet.  These coins are constantly getting pumped and dumped by a few players with large holdings.  Of course the price will have wild fluctuations in this type of market.

This coin has a lot going for it, so the powers that be will continue to manipulate the price as long as long as possible.  I like Smartcoin and it would be great if it can achieve it's full potential.  However, if that happens, it's a long ways off.  In the meantime the price will be dictated by what everyone knows are corrupt markets.  So if you are short term, buy low sell high, in case you didn't know.  If you believe in the coin's long term potential, then none of the crap you read here should affect your decisions.

Well said, especially the part I bolded.