I'm not really bashing this coin @smartcoin, I'm just pointing out facts. It's just very disheartening (for me too as I am invested) to see this coin drop and keep dropping. That's what I still don't understand. A lot of coins when they do drop will have at least what's known in the TA circles as a dead cat bounce. This coin just keeps sinking and sinking and sinking. In all honesty and I say this with all due respect I've never really seen anything like it in terms of price, fair enough initially there was the multipool and kgw issue but now that it's supposedly on track I can't fathom it, like seriously, what gives?
I understand your troubles, all of us have invested serious time into SmartCoin -- for me it's been 2 months of dedication since I've started developing SmartCoin.
To see your creation's price suffer is probably the worst thing for me, but I'm staying optimistic. Call me delusional, which I may be, but I'm betting that we'll pull through. It seems whoever wants SMC is serious about getting the price low. It looks like the trick right out of Wolong's eBook. The price slump is also due to FUD spreaders. Selling coins at this price is probably more delusional than anything else and I guess the dump will stop when people get more educated about what real value is and how they actually are supposed to trade.
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.
I, too agree with this. Anyone truly interested in SMC is knowledgeable enough not to sell at these prices. As soon as all of these weak hands sell their coins, there won't be any one SELLING AT BID PRICE. Anyone interested in selling low has my approval, adios!