Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SYNC]X11 | POS| 1,000 Coins| Mandatory Update
by
Alpharisc
on 23/05/2014, 08:22:37 UTC
Wait for good buy time ~ Wink

i shouldn't if I were you.. we've already hit the bottom.

I agree 0.4 is the lowest you will likely see. Look at the market cap how low it is and then look at the community,
hashrate, dev, mintpal listing, volume... and on and on.

Once the last of the weak hands sell their coins in the next day or so there will be no reason not to hit 1.5-2 BTC in short order.
Probably this weekend. Already been at nearly those prices even with mining going on. Was over 1 BTC even 36 hours ago with full
on mining still going and 20% more coins per day. Amazing.

So now that mining is over.. price is free to climb once it feels safe to do so.

I am ready to buy a nice stack once I see the price start to move freely up.
Actually I see no resistance at all between 0.4-0.6 still on Bittrex and Mintpal.

There is only 0.38 BTC in sell walls to 0.61 on Bittrex. What does that tell you Smiley ?

Conversely, the entire order book of buys on mint could be cleaned out sending you to essentially 0 with around 10BTC worth of coins. This coin has less trading depth than a puddle.
I would seriously, SERIOUSLY council people to take this into consideration when making risk assessments about investing.

There is no depth at all. Huge exposure. The price is not an accurate indicator anymore, because the market can barely absorb anything without massive swings in either direction.

This isn't FUD, it's simple due diligence.