Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BitcoinDark (BTCD)--Sha-256/PoW-PoS hybrid/Bounty Opportunities
by
jl777
on 25/08/2014, 22:15:38 UTC
I wish I didn't sell over 3k BTCD on Saturday.

never ever do this to yourself again.  Shocked

Yeah I was doing well with selling at peaks and buying at dips, I did not imagine it would continue without some kind of correction.

price goes in waves, actually half waves.

up down up down up down is for things that are at their actual value

up down up up down up is for things that are rising in value

at the inflection points of the waves, the market decides if it will be a down or up wave. So, if it goes up then the only thing you actually know is that it will either go up again or go down.

Things that are undergoing a massive revaluation by the market goes:

up up sideways up up sideways up, ... the sideways is the actual downwave. This is only during rare cases where there is constantly new money coming in.

James

P.S. Since there are only 100 new BTCD staked per day, there is essentially zero built in selling pressure. I think this is unique among the top anon coins.