Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [CLOAK] Cloakcoin | No Premine | X13 | Decentralized Market and PoSA
by
Trinibits
on 12/08/2014, 17:12:47 UTC
Seriously, What the fuck happened? Can someone please explain the causes of such a huge decline?
Looking at the sells, (go to bitcoinwisdom and pull up the 5min or 3min charts), they are all dumps of what seems to be a single or a few holders. Possibly it's a manipulation of the market lower, or , in my estimation, a few people cashing out with big holdings. I believe cloak will recover. It may take a month. It may take a week. No one knows. I'd be more concerned if the cloak devs stopped innovating. That, to me, is my only concern for the short term. Cloak, @ 2 months, has experienced enormous growth. It took drk roughly 4-5 months for its explosive rise. Everyone in crypto is myopic, but the long play or long view will always win.


this might be a bad time to mention that ALOT of CLOAK was mined by one or two addresses, and these are the addresses that STARTED the blockchain (dev). I went through the first 10000 blocks and the same two addresses mined a good majority of the coins.

Man, You come right out of a comic book