Re: ★★ [ANN] ECCoin (ECC) ★★ on MINTPAL ★|★ Last 28 Days Mining ★|★ +12 Exchanges
I don't want to be a spoiler but I've seen the situation where the coin is in now before, and it's only going downhill from here.
Right after it hit the exchange is was looking great, I bought at 8s, and it quickly rose to 12s... but then the dumpers came into the game and I couldn't even get rid of my ECCs anymore in time.
When the 8s buy wall was melting away I sold to break even and I'm glad I did. Now the 7s support is gone, and the 6s support is down to its last bitcoin...
If it doesn't die, it will take a long time before it hits a turning point.
EDIT: Well, I might be wrong :-) as the 6s wall just got stacked again.
Right after it hit the exchange is was looking great, I bought at 8s, and it quickly rose to 12s... but then the dumpers came into the game and I couldn't even get rid of my ECCs anymore in time.
When the 8s buy wall was melting away I sold to break even and I'm glad I did. Now the 7s support is gone, and the 6s support is down to its last bitcoin...
If it doesn't die, it will take a long time before it hits a turning point.
EDIT: Well, I might be wrong :-) as the 6s wall just got stacked again.
Sell support is probably too strong to lift the coin out without some other impetus at this point. The buy walls can only get replenished if buyers can be convinced that the coins price has an upward potential.
Guess this is the whale manipulating the market... https://twitter.com/fireinyourhole
why is it going down? i bought at 8 and is already at 6
No reason, you just bought on a spike. The market moves in waves. Don't buy all in at once, set some buyins at lower levels to get an averega price. This also builds a foundation for the price of the coin. If all buys inn at the top, there is no buy support at lower levels. But dont worry, imo this coin has potential to go atleast double of your buyin. Right now there seems to be whales playing the market to shake out the weak hands and get some cheap coins before the rocket takes off! Good luck!
