Post
Topic
Board Exchanges
Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
TERA
on 30/05/2014, 11:30:57 UTC
Having any significant portion of your holdings in DRK is a bad move at this point. It is currently trading higher than litecoin yet it has the same max coin structure, and litecoin has years of serious adoption behind it. This price is only temporary and due to the present lack of coins on the market because it is new. It is not becase of demand and there is practically no support on the orderbooks compared to that of litecoin. We have seen this a dozen times before with altcoin IPOs - these are just IPO prices. At some point the supply side will start getting dumped into the market and it will fall apart. Meanwhile, people are desperately trying to pump it with rumors of being added of being added to bitfinex. And the other day its very fundamentals were called into question as it forked, setting the stage for a different more reliable altcoin to take its place even.