Bitcoin Forum

is there any reason or news behind of this huge pump from 0.8 beginning of august to 15$???

I bought and sold Monaco yesterday for $60 profit.  ;D should have held on to it. ;D

News coming out on 8/31

Rally up until then and probably sharp drop afterwords.

I got in at 265k and out at 319k, no complaints.  Made a profit and kept some MCO for later.  I'll probably sell on 8/30 and buy back in after the news dump.

As far as I know it's just another altcoins, although one that has reached a decent level of success in a sea of altcoins.  Sometimes they just go up or down for no real reason, people buying or selling large amounts.

I just sold my Monaco early,  I never thought it will have a huge pump. Im surprise this coins has a huge pump, if will buy today I think its still a profitable coin.

I was holding a few Monacos and i sold them yesterday, i missed some profits but i am happy with the money i earned from that trade.
But i dont know why it has pumped so hard, the only explanation that i found is that this coin was too hyped by the chinese market.
so you all know how this works, pump and dump, that is how it has been since we have a cryptomarket

To be honest, I do not know the reason for it, however, I know for sure this will happen. Monaco is a co-op representing a real business, and their field is really useful in the virtual currency market, so it's become popular.

I think the bears are about to go on killing spree and kick this sucker down to 350k or so until it builds back up tomorrow.  I've been buying in the dips and selling at the peaks all day, so far so good.  This things about as pumped as it's gonna get for a minute.

I do not know why, perhaps because of those who put forward the concept of the crypto currency card first. #cmiiw

The first the monaco token already added into the binance exchange that gives  a lot of hype for the price of the monaco token. the second is the more people are realizing the project of the monaco has the bright future. Or already added in the next exchange site. that was what already thought by me.

If you are not active in crypto for 2-3 days...It can cost you a huge. That's what happened to me in this case. have missed 3-4 trains in 2-3 days time ..

don't buy now
wait for dump
it will dump in next 2 days

The pump is due to app release on 31 Aug, expecting a dump after the news.

I really like the idea of the project, but price is too high now atm indeed. I recall that I really liked the project at ICO too, but there were some red flags.

I believe that Monaco isn't really providing that of a unique service. It's infrastructure is fairly centralized and highly depended on institutions and centrally governed technologies. The bubble could pop at any moment. Good for the early adopters though, that's immersive profit over essentially nothing.

However the name is nice, and although I must recognize it's not fair many coins succeed or not just because of a good or bad name.

Aug 31 they launch.

When they launch, they're allowed to sell their coins.  Previously, the terms of their ICO prevented them from doing so.

So they want the price as high as they can pump it up when that time comes.

Then they will dump, hard.  Better get out before then.

But at the same time... who knows, maybe it will be huge.  Seems like an already overly crowded market but they have some interesting unique angles.  Seems like they're trying to be the Paypal of BTC/ETH, but with a credit line rolled in too.  Maybe it'll skyrocket.

At this point the MCO I have I got for free so I'm holding it regardless, but I expect it to take a hard dive on the 31st.

Why more  people thinking like that if you see the coin in pump there are more people want to buy and follow the hype .but more of them use that method for trading lost in instead of making profit.

I really don't know why monaco is booming as well. It is not charming coin at all and they got into already existed sector. I guess its just hype.

The FUD after listed new exchange has make many trader like you sell their coin, so that is reason make the price of Monaco falldown in past days. But whales and big boy want that situation, they want buy a huge amount Monaco before pump it to the moon.

whenever an altcoin rises like this, meaning super fast and out of nowhere, instead of coming here to ask "should i buy now" you have to buy it as soon as you see it happening.

but the important step is to dump it in a very short time. these altcoins are getting pumped and a pump like this (huge and out of nowhere) never lasts long.

I just sell monaco at 90k sats, I am dissapointed, dont know that monaco will huge pump

I think it's because some great news about monaco and they do some good advertising to promote monaco token and also get Cooperation with some company