Quote from: DougB62 on July 23, 2014, 02:47:33 AM

Quote from: liveandletlive77 on July 23, 2014, 01:18:41 AM

How low do you think it will go? Are some of you people still trying to sell/dump your coins? I want this coin to rise, and I want to invest more, but I don't have a lot of extra money so I just want to know when it will stop dropping. Also, if big investment and pump comes into this coin will people dump? or are the dumpers all gone now? I just want to know really how committed are the people in this community, and when you think the coin will turn around for good.

I really don't think there are many people hanging around this thread who are interested in dumping anything. As far as selling goes, there are probably a few, but not at this price, and probably not before it at least reaches their buy-in price.

As far as big investment/pump, I still think there are more hodl'ers here than sellers. I personally made my first buy at 38, and I will not sell for anything less than 380 (barring some unforeseen financial calamity, of course). And even if it hits my personal plateau, I don't think I'd sell as long as things were going well with the coin, and in my life. I'd give it a minimum of three to four years to see where it may go. There is a cycle, look at btc. I'm not about to "panic sell" - it could literally cost a fortune. It may not, but I'm willing to risk that. I think most everyone who is still here thinks the same way, to one degree or another. And as long as this community cares for, and nourishes this coin - stays positive about it, and innovates - Mint has a better chance than a great deal of the rest of the alts out there today. I resolutely believe that.

My advice at this time, and at this price would be, buy and hold. At the same time, I would stress that you shouldn't invest more than you can afford to lose. That statement gets old - but it never gets untrue.

If you've been following the Block Explorer over time I think your assessment about more holders than sellers is somewhat true - especially now we theoretically won't be swimming against the developers 700,000,000 which we have been all along.

What people need to realize, a lot of the trading we've seen, especially on Mintpal, wasn't genuine, as in you're selling, I'm buying, the trade is completed. A lot of the trades on Mintpal were run similar to wash or box trading. One person, no doubt the developer, was creating a market, moving Mintcoin back and forth between accounts, creating the illusion of a market where none exists. That being the case, having to swim against a 700,000,000 premine actually was significant because it counted for a lot of the real trades on the way down.

But the good news is, if in fact the developer has sold off everything, it may be clear sailing ahead if people are patient a little bit longer.

I believe there may be some good developments on the horizon.