I don't have a crystal ball and no I am not throwing my money around. I am not a daytrader and I do not engage in speculations nor do I give anybody trading advice.
Also I never said that I am an expert in reading charts - perhaps you can enlighten me on this matter? What (if any) predictions do you have ? What will happen to CLOAK price before ETA ? Are you willing to give a rough estimate ? Please enlighten us, Sir.
Don't act like an ass. Everyone is acting collectively irrational in crypto. On every single thread some guys are jerking off to their own price predictions convinced it's all going to the moon. Well, guess what, only a few altcoins, if any, are going to be a success. I have no issues with cloak, I own some. I do have issues with people making price predictions. Any movement in this coin right now is P & D. The only way to success is stomaching a very long miserable road ahead and a lot of luck. All these fantastic innovations matter very little, but they are necessary.
It is hard for me to admit this it but you are correct regarding most of the issues that you brought up.
I agree with you that out of 500+ altcoins, only a few will be succesful. I would say less than 3% of the total - meaning 10-15 alt coins maximum. This is realistic IMO. It will take time to clear the air, but eventually we shall have perhaps a dozen proper alts to work with.
Why is it that you have issues with people making price predictions? I made a rather conservative estimate and you are acting in an aggressive manner, even hostile. We are dealing with numbers here, that's the cold truth, beyond all the complexities and multiple layers - when it comes down to the brass task it is all about the numbers.
Because, even if this coin is a success, people should expect massive volatility. If you think this is a floor now, just wait, don't be surprised to see this coin trading at 20% of the current price some time in the future. I've seen it happen to so many great coins Nxt, Blackcoin, etc. Cloak might eventually make it to that group, but it's going to be a tough road. Too much optimism will only make it more difficult to get through the hard times.