Post
Topic
Board Announcements (Altcoins)
Re: THE INVESTOR'S CRYPTO | Cryptogenic Bullion | CGB
by
papersheepdog
on 02/06/2014, 12:51:59 UTC
why the price is keep going down??

No apparent reason - at least not apparent to me.
I'm almost laughing at the fact that cgb has managed to loose that much value recently despite best efforts of the core team and the recent surge of BTC. It seems really weird to me.

It is interesting. I see no downside here, other than plain dumb momentum. The Core Team and our projects are here to stay, we will be advocating CGB in these projects where prudent to do so. We have been working very hard to build the community since the price came down to .001 from the all time highs.

I want to say this in no uncertain terms. CGB is in an excellent position and nothing has changed for the worse, on the contrary, its only building positively. I am not in it for the money, though I do continue to add to my position. We will show that just because the pump and dump scene has forgotten about a coin, doesn't mean that it is no longer viable. I challenge anyone to dispute this, or any aspect of CGB's future as a store of wealth.

In fact, its kind of laughable to sell into such low volume. Perhaps someone is desperate for the cash. It is possible they could try to manipulate the price lower to attract further dumping from others in order to buy. It doesn't make a lot of sense to accept such little return on such a currently scarce market. I suggest we move forward without weighing the price as such an important indicator. Again, It has no effect on the effort that the CGB Core Team and community is putting up.