Quote from: magaura on September 08, 2014, 09:06:12 PM

Quote from: Chris001 on September 08, 2014, 07:35:36 PM

Quote from: Altcoin4life on September 08, 2014, 06:55:29 PM

can someone link the site that shows current coin count, I know its under 2 mil but looking for exact number since its so cheap now may as well buy em all.

I know, I'm breaking some of my rules with this one. I invest in the developer, more than just the coin.

In the first pages, at the very beginning, I didn't even believe the coin was real. I questioned that the dev could produce what he said he could. I was like, I've heard all this before, exchange in wallet and the other features. I was like where's your escrow? lol

Then the dev made a youtube video of the wallet working, had his coin on Bittrex, and had trusted members of the community vouching for him.

And all this happened within a couple hours of my questionable post.

hours, that's what I'm investing in, a dev like that. There are a few other devs out there this good, we know that, but they don't have a coin that has V2 around the corner, and crazy people selling for 20,000! They just don't know any better. They are selling the whales, and some of us, all their coins for next to nothing.

Sure, there are competitors out there, but look at the value placed their coins. You just don't get a coin of this scale, at this price, everyday.

I keep saying that's it, then buying a few more, and a few more lol

+++

The problem isn't that there is anything wrong with this coin or it's dev so far, it's that there was no *real* volume outside of the pump groups and there was no *real* support at post pump prices to hold it up there. It wasn't possible to just take some profits or leave the position without causing huge price swings because of the low volume.

That's what happened this weekend. People see the price is way too high with very little volume or new news to justify the huge price jumps, so they start taking their profits if they were in before the pump, or start mitigating losses if they bought in at the top. And with such low volume on the buy side, the market can't absorb it. The trend is constantly down and that reinforces itself.

Meanwhile obnoxious shitcoins like EthanCoin and CoCoCoin have a combined 250BTC volume today. That's the true crypto community of today, how they love their pump and dumps. Reminds me of Judgecoin. Honest dev, did PoD before there was a PoD, had a solid coin albeit not so feature rich. Had a great community but it languished, got pumped once, sidestepped for a while and died. It likely will be de-listed soon and the dev is already gone. There was no scam there, just no interest.

Even having a really good product with a great dev like NEOS is by no means going to mean a win. It might be an intellectual challenge for syntaks and yak and they will do great things, but you can't trade it well in this environment because of all this BS.

Just two sats worth.