Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [CLOAK] Cloakcoin | No Premine | X13 | Decentralized Market and PoSA
by
Viper1
on 23/08/2014, 08:36:46 UTC
The devs are scammers?

Children traded and lost money and so now they're calling the devs scammers.  There has been no scamming.  Just lots of theories, blatant lies and FUD so that they don't have to take responsibility for their own actions.

what pumpers are you talking about?

The coin was pumped out of the gate (no different than the vast majority of coins out there) and thus the huge rise in price.  It was pretty well known and yet people seemed to turn a blind eye to it and let their dream of riches blind them to what would eventually happen.  IMO, the same thing is happening with DRK.  Huge pump and it's been steadily going down since then including a few dumps and then market manipulation to prop it up.  It's over priced at this point IMO.

At the end of the day, never get greedy.  If you make 2x your investment, great, get out and wait for it to drop to get in again.  I'm much more cautious and am happy with 20% since 4 x 20% doubles your money.  Last couple weeks I've tripled the money I allocated to one coin as it's been rollercoastering.  Just be smart, set yourself some rules and then don't let your emotions override them.


Thank you for taking the time to respond. I am in librexcoin. do you have any thoughts on that one. Someone told me it's the next cloak. I asked what that means and they said it will see huge rises just like cloak did.

Should I trust?

Librexcoin was pumped last weekend and so it's current price is inflated IMO.  Pumpers are still actively in it and will be exiting at some point so if you've made a decent return on what you've put in, I'd recommend taking your profits and getting out and then waiting to see what happens once the pumpers do their dump.  At this point you're sitting on a pump so timing your exit will be critical.