Is this the beginning of the dump phase or is it safe to buy now...? It totally feels like the beginning of the end of this mega pump....
Really worried to buy into the bagholders dumping on me now.
It depends if you want to daytrade or if you have a bit more patience. Advice on daytrading is something I won't give since I'm not into it, but as for long term investing now seems like a good time to get in. 2 days ago Cloak took a massive organised dump from some drk fanboys trying to break Cloak but failed miserably with Cloak holding strong and recovering rapidly. This means that besides the organised dumpers people are not willing to sell their coins, even when a massive dump to 50% of the price occurs. This really is a good sign and people truly believe that Cloak is not done yet.
When you look at the big rise of dark the same patterns where visible; small downtrends right before the rocket lift off, leaving the doubters behind waiting for a dip that never came.
I honestly believe that right now the price of Cloak is still low and that you shouldn't expect anything under 200k anymore. Despite all the FUD that is trying to break Cloak (which I believe to be fear from other communities that Cloak is a better coin than theirs, meaning they will try to protect their own investments by making up nonsense about the better alternative) we really have a strong coin here, with groundbreaking innovation in both the technical and conceptual aspects of cryptocurrency.
I'm not going to make predictions of where this coin is going but if there is currently 1 coin out there that is worthy of a huge rise like drk had its without a doubt Cloak.