Post
Topic
Board Announcements (Altcoins)
Re: [PND]Pandacoin | 3 DAYS LEFT | August 30th - Rethinking Digital Currencies |
by
thispanda
on 27/08/2014, 18:00:18 UTC
Before I go into this, just know that I'm in PND with 275m coins.

It's great that you're all so into PND the way you are, but you can't stick your heads in the sand.  Lesser known alt's are constantly played, run up and then plowed and PND may be no different.  Just because the devs may be great, which seems to be the case, and there are cool new features coming out, which seems to be the case, doesn't mean that the price won't tank after the official announcement.

Consider that the price has gone nuts in the last couple weeks based purely on hype and expectations of future news.  What coin can anyone name had that happen and the price DIDN'T balance out at or below prehype levels?  I'd bet none.  Also consider the price you're seeing now is likely already factoring in the news, meaning it might not go up when the news is released because the price already reflects that.  In fact it might go down because nervous investors will see the price not going up and start selling off, triggering a drop out, or it might be a race to see which dumper can get their cut first.  They don't say buy on the rumor, sell on the news for no reason.

Point is don't blindly dismiss any criticisms or concerns because "PND to the moon".  We didn't get to the actual Moon by closing our eyes and hoping for the best.

You are very reasonable reasonman. My eyes are on PND as I think they are a promising long term coin (friendly community, active devs), and that the upcoming news/features will help develop crypto further. I'm sure price will go up and down several times the next weeks and months, but for me it's the long term that matters