Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [CLOAK] Cloakcoin | No Premine | X13 | Decentralized Market and PoSA
by
tempus
on 07/09/2014, 16:37:29 UTC
I swear to God you guys are just setting yourselves up for disappointment with the way you're hyping Cloak for a pump on Wednesday. Could it rise much later? Maybe, but expect no pump to 100/200k in one day. I think many of you re forgetting that there are a huge amount of bagholders with this coin making it a nightmare for pumpers to actually bother with this coin. The best thing can do is play with the coin up until the release and leave it. It will only go two ways; no price increase, or a very large dump. Be careful guys, don't just blindly follow the people screaming "CLOAK!" all day and make your own judgments instead of being a sheep.

Yes, there are to ways: They develop a success and the price will rise and than it would be all the same if some Bagholders sell or hold - and, why should they sell? Or: There will be a delay or issues etc. Than the price would probably drop again.

But I think, who is in will hold for the longtime-potential. And as long they keeping on the development, there is a good chance that they develop the holy Grail of Crypto. And if that should become reality, the price would be unpredictable - but, for sure: rise.  


Yes no-one knows what the future holds for Cloak, it's just that if there is another delay, or if it's not working properly that will be enough to completely kill the coin. Even if it works, I wouldn't be surprised if there was a dump. Why do you think there is the saying "Buy on rumour, sell on news". There wil most likely be activity leading up towards the release, and then it will be met with another dump like Some of Cloak's previous releases and also like when DRK finally released RC4. What carried the coin to 360k was hype an P&D groups, and that was it. This time  around there's only a tiny bit of hype, but Cloak has now been left behind with that 92-94% drop it suffered in a space of a week.


I think, there will be all reasons for selling and buying... like everytime. First: The Volume will rise. That's for sure and that would be already good. Some maybe will sell before the release. Some will sell after it, all the same if it will become a success or not. Some will buy on rumor and sell on news. Some sell because they need to repair the car and so on. All that is unpredictable and in every market.

But really relevant in my eyes is just one question: Will they deliver? If yes, the price will rise. It will also rise if there should be some "dumping on release". It wouldn't mean much. Cloak as the best it could be, would be one of the best Cryptos on the whole market. One of a very few cryptos that would attract "real money", and over time... a lot of it I would think.