Yes it doesn't sound good. This coin was pumped way beyond it's natural value when it arrived in mintpal. Now every upward trend will be a chance for the bagholder to dump and cut their losses. I really hope the coin can survive, especially after the maple coin arrive. That will be the final nail in the coffin for some people.

So i still have 20 k which i buy when it's 2.5 k and for now i'm still holding it. I bought this one after i got some decent profit from the initial pump as a thank you for the coin. But the downward trend is worrying for the coin future actually.

I understand the bagholder are getting panic right now, especially the one who bought at the peak, but that's the risk in every investment. I hope the price can raise again just for the bagholder to get out and break even.  

Just wake up and saw the price have go down again.

This is sure going to make more and more panic people coming to the thread. And as usual, they will blame the dev for the price.   

Why do you quote him? I've ignored him already. Stop quoting him too if u haven't ignore.

Yeah, i see his post right after my post but i don't even bother to unignore it. It makes life easier.

 

Besides who would i trust the most? Some random internet guy with the nickname HERP, or a man who is very public about his idea and have been fighting for his tribe for years?

 

Guys, why are u quoting that guy? The key to get rid of forum 'evangelist' like him is by ignoring.

A lot of us here are staying because we believe the dev is a good man and we want to support his idea. I've made my profit from the initial pump and i could have just leave this coin all together, but i'm buying back at this price because i do think this coin have a future.

And why should the dev care and answer every FUD on the internet. Payu is busy travelling and spreading the news, while AP is probably finishing their mac wallet. I like these guys, they act instead of talk. So many devs talk a lot on the forum to ensure people while they secretly dump all their premine.

Go to

http://explorer.mazacoin.org/address/MNG15HKzUQeiT8QmtAghvSKpQwwgzZSFzS

That's the wallet for the premine.

Just a reminder, i'm holding the 20k that i bought at 2.5k. Made my profit already from mazacoin pump, so now i'm holding and dismiss this one as a loss. And guess what, i'm relaxed about the price because of it.

 

Lol, for further incentive if we reach 20k  by then i'll give you 0.5 btc after u eat them. 

I've just rebuy 20k maza at 2.5k. Whatever happen i'm gonna hold this one. I already write this one a loss, consider it a thanks for the profit i made during pump.

Yes, it's not official, but i'm willing to accept their white lie. 

No, the coin is going back to the where it's supposed to be. The price before are not sustainable. We're getting to the actual price without artificial pump.

You make a fair point there. I thought the point of crypto currency is decentralization? But everyone is looking for others to regulate it for them, and they scream scam whenever something bad happens to them.

People should know the risk when they enter this market. This is a jungle, the predator prey on the smaller one.

Not once did i doubt their good intention.

What's happening right now is that a bunch of trader are playing around with its value, something that's unavoidable due to the global and open nature of crypto currency. The devs have no control upon the price since they haven't dump anything, and don't have the resources to pump it themselves.

Of course people are quick to dismiss this as a dead coin because nowadays if the price don't rise 10 times, there's no future for the coin according to them.

Even bitcoin in 2013 have a 5 month period of price stagnation.
 

Yes, i'm not saying pump won't happen but people should lower their expectation. The most pump i can see right now is until 6000, but a lot of people are making it as if it can still rise to 20k.

For those of you who are expecting meteoric risie in price soon, it's not possible. There are many bagholders now who bought at a high price. People who pump coins are not stupid, they test the water with small pump, just like the one we see in these last 2 days with the occasional rise from 4500 to 7000.

If he can tell that so many people would dump at the first sight of a price hike, why should he stay with the coin?

If you're in this for the long haul then hold until the price raise very slowly provided the development team do great 'real world' activity with the coin.

You shouldn't expect a bigger pump soon, the ship have sailed. Try to be realistic. When u daydream too much while the reality is bad, u're just making yourself worried. Let it go, stop thinking about this coin for a while and do other stuff.

I think the lesson to learn is that don't get greedy during pump. I haven't seen any instance in cryptoland where after a heavy pump and dump the price explode again.

Lol, u are screwed. I'm not. Sold everything already with decent profit. Now i'm waiting and observe the situation before deciding whether i'll jump back in or not.

Haah, it's sure fun to use the ignore button.