Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MOON] Mooncoin: You know where it's headed! NEW SOURCE RELEASED 2/16/2014!
by
disclaimer201
on 24/02/2014, 10:26:52 UTC
Moon is a miners only market right now. In fact all markets are at this point (down 4 billion market cap).

Nobody is buying. This morning I cut my losses and sold my investment... Put it into mint to try and recoup. :/

The so called market cap is not really an actual market cap to begin with, it's all projected, an illusion if you will. Therefore, you shouldn't take it as your only indicator as to how currencies are doing. Bitcoin is at the lowest point for months, all alts are suffering and I sure hope some of them will disappear. To cut losses is something you should have done much earlier as this is now a time to buy and hold. Not only your favorite altcoins, but Bitcoins and even Bitcoin mining equipment, both to be bought with fiat(!) as they are under huge price pressure right now. Imagine you could have bought 2 Dollar Bitcoins and ridiculously cheap mining rigs in November 2011. If you want to succeed in this market you have to have balls and put your fiat where your mouth is, at least if you believe Bitcoin will have a future.


When Bitcoin is recovering, and I have zero doubts about that, the dearly overall "marketcap" will shoot back up for all alts who make it that far.

As Moon has just fought a real battle for survival with implementing the Gravity Well and we have seen some actual community effort here, I will hold my MoonCoins. You can go and lock in all your losses by selling, I certainly won't.

As a bag holder. It's not the time to hold. It's the time to move into other markets that are going up now. When bitcoin rises again, those markets will do twice as well as moon. I could hold for a loooong time to get my money back, but that doesn't really make much sense. I made a bad decision. I made another bad decision by holding longer. Now I'm admitting my mistake and moving on.

Good for you.