Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant
by
toknormal
on 14/05/2014, 19:25:44 UTC
I think you make good points, but at the same time, it was similar praise and optimistic forecasts that made me invest between .004 and .005 during/after the big pump all the way from .0015. I believed in the coin, but I was not aware I was buying near the all-time high after a big pump (or rather, I was not aware of what that meant).

Yes, Darkcoin is a freaking awesome coin with a lot of potential. But at the same time, be careful about buying literally at the all-time high.

I honestly don't know what will happen with the price now. I feel like shit because I sold my coins around .006, thinking it would be quiet for a few weeks and that the price would settle lower. Just my two cents.

There was nothing wrong with buying in at .004 and .005. It was maybe an all time high back then but it isn't now. The mistake you made was selling at 6 (assuming you dumped your entire holdings). If I'm in a market long term and decide to day trade, I'd maybe only risk 25% of the holding. Also, this isn't a market that's easily day tradable. There isn't enough spread or liquidity in the corrections to pull it off without a lot of experience and taking a couple of weeks off your life expectancy.

If it makes you feel any better, I bought a whole pile at 62, right at the top of the curve. Then it sunk back down to 58 and then further flash crashed to 48. I didn't mind because I knew this was going up long term and I knew there was a correction coming somewhere and I might be on the wrong end of it.

You shouldn't feel sick about your mistake, you should take action. If you really want to be invested long term just buy back in with less and take the pain. It'll wear off in a couple of days and feel laughable in a week Smiley