Quote from: compumine on August 12, 2014, 12:09:17 AM

Quote from: CINNI will LIVE on August 12, 2014, 12:04:13 AM

Quote from: compumine on August 11, 2014, 11:54:14 PM

This was my first coin to trade. so far, not a good idea.

I bought @ .00016

I thought that at least after mintpal, I'll see a rise up, but now I see that it's an even worse drop!!! I'll hold on to see what happens.

Yes you should hold. But you have to buy more at low price to minimize your loss when we take off.

I traded stocks and I always heard the same thing. The reality is far off. Rarely a stock recovers from a major drop. This was suppose to be a big day as the coin opens on mintpal. Instead I see it drop over 50%

That's a big drops. Unless something comes up that pulls it back up and more, I think I've lost my $$ on this one. I have no choice now but to hold as there is no reason why I should sell at loss. It's either total loss or gain at this point. The question is when? and how long?

Lets say you bought 1000 CYC at 11Ksat and now you have the opportunity to buy lets say 2000 CYC at 3.6Ksat so the midle price for your gain has to be greater than 6.3 Ksat.
Thats what we will reach in rebound tomorrow.