Bitcoin Forum

This coin seemed hot sometime ago. But suddenly it dumped so much. What is your prediction?
Originally i planned to buy.  

https://digitalcoinprice.com/coins/1irstcoin

this is how all the altcoins have always worked.
they are "hot" for some time during which time they get pumped and their prices continue to rise. the duration may be different but they all go through it.
then they get dumped like this coin. again the duration of the dump can be different but they all get dumped because after a pump there is no other option but to be dumped, it is not avoidable.

if you check the charts of the pump and dump coins you can always see the reverse V pattern (Λ) in them.

Did you see what exchanges that FST listed and its daily trading volume?. For me this is just a pump-dump coins, and it's not too strange for us in this crypto world. If you buy this time, like other pump-dump coins, Your fund can become zero at any time.

This coin is pure bullshit, just look at it here :
https://coinmarketcap.com/currencies/1irstcoin/

their biggest volume came from p2pb2b exchange, the well-known wash-trading, and scammy exchange. not only that, the spread is almost half of the price,
there is no way this project will survive. And the price itself is outrageous or ridiculous or even stupid.

Daily volume is still small and the price is expensive but not yet listed on a large exchange in my opinion this will not be good, I prefer looking for a high volume token and a large exchange for future buying plans.

well , i dont know why the value drop suddenly from 14.81 to 5 bucks within a day.
but, although that happen, the ROI still high. about 1,754 % based from coinmarket data. idk its true or not.
what i curious about this token is the circulating supply just about 6 millions token but the total supply is 100 millions token.
so where 94% left ?
better to stay away.

A year ago, almost every altcoin from top 30 altcoins on coimarketcap was really hot. Nowadays, altcoins are recovering from a long sleep and I hope within several months from now on, we would see a great price increase not only in 1isrstcoin but in all others as well.

Do we really need to predict it after seeing the movement? the price just got dumped for almost 100% in a single day. This is a sign that the project is no longer sustainable.



1isrtcoin's price is not great at all. It just got dumped heavily, like it's got abandoned by the team.

You need to be very careful, this coin o is not the only coin that pumped very hard in the last bull market but then dumped seriously, there are project like MNE that hit $9 per token and no less than $0.01, for me I don't see way back for any of these tokens and you need to be careful and look for stronger project with sound fundamentals

You're right cause altcoin market are highly manipulated. With that been said, I don't see something unique in the concept of the coin mentioned by the OP and I will advise the OP not to invest in altcoin base on the capital and the hype involving which was also the reason why the coin in subject dump pretty fast.