A low price is good at the moment. Even if you mine or buy BIG now you will get a lot of coins. Diff is only about 10 mio. thats great. And: A good time to buy some coins. Buy low sell high.. Even if you must hold them for a year. Buy when the cannons firing and sell if everbody thinks it only can go higher..
Maybe this is one of the best times to buy this coin
The reason for the price drop? Noob Trader who are selling their coins with market orders at 0 volume. Typically for trading beginners. Yesterday only 200 BIG droped the price vom 0,002 to 0,0001 thats about -98%!!. No real daytrader would sell at this volume or even at this low price. They would buy here
Exactly. Only 1 btc would bring it back up to .0012. Add to that there are currently approximately only 219,340 total of these coins out there (including dev premine). Compare that to those pump and dump pos coins that have millions of coins within days or the ico coins that immediately release millions of coins in one day. This coin is an investment, not a pump and dump. Dumping a coin like this is like throwing away a winning lottery ticket IMO. This is like btc being back to $2, people thought it was done for but look where it is today.
True words.. BTC is only as big at is is because it was the first coin at all..
The main problem in coin trading are the nerds (sorry for that). But who of them knows anything about trading? Maybe only 1% (max). BTC is now good for trading. It has clear and good chart signals etc. But what's the reason for this? Its because BTC is traded with a high volume. But most Altcoins are traded by the rookies. They mine them and sell them. They don't care about stupid low prices. Why?? Mine new coins, sell only max 50% and hold the others. Its the best thing you could do. If the coins rises, great. It it dumps you have 50% in your pocket, great too. But DO NOT sell ALL of your Coins. This will destroy the whole market of any coins.