Re: [ANN] New Crypto Currency FRANKO [Mandatory update at block 640k]
Is it a good idea to hold on? Or is it better to just sell my coins while this ship is sinking?
Well it wouldnt be smart to sell while its at the all time low
And it's still going lower...
I'll think we'll get a pump-n-dump moment in 5 to 10 days from now. Wat is worrying is that there is no 'volume'.
How do you know there will be a pump and dump moment?
It's a guess. But by studying the exchange rate graph it is possible to see patterns. Or not.
For example at Coinwarz: http://www.coinwarz.com/exchange-charts/franko-exchange-rate-chart
You can find more details in the Cryptsy graph (1W): http://www.cryptsy.com/markets/view/33
On the 30th of juni you see a perfect example. First drop the price and stock up for the last time (with cheap coins) and then sell on the way up.
Notice the increase in volume on the lower part of the graph (green bars).
The past few days the Franko exchange rate is slowly coming down. So it's my guess we can expect a pump and dump event.