It's when you build a really large mouse trap and then throw it in the water. And yup, #4 in volume, folks. Top of the volume listing on Mintpal. Mouse-sized price w/ whale-sized volume. We should start a CINNI donation fund to buy tissues for those who sell @ 50 or 100k and then cry later.  

you know with 100% certainty that he is old boy so why ask? lol

Yep and about to hit the sack Happy with getting another 500 @ 20500

Still well ahead in the volume charts, could be a lively night chaps by the looks of things!

Its a pac whale chomping on cheap , panicking cinni

CINNI crazy price on C-cex, my congratulations !!!

not sure how many of you look at charts but i spent some time doing this, this is typical http://lookpic.com/O/i2/2/12wcqayz.jpeg

The easy answer to that is DON'T TRADE THE SWINGS !! LoL

Unless your reasonably experienced and are sitting in front of a realtime chart (I mean up to the second, not minut) with variable ranges, convergeance divergeance signal lines and trading reaches, forget it. You'll loose money 4 times out of 5.

As it happens, this coin is now on Bitcoinwisdom so you can folow it there. For example, that dump that just happened from 32 down to 27 was entirely predictable to anyone watching the charts. It happened right at the top of the 5 minute wave so it may have been done my an experienced day trader who was watching that and planned to buy right back in at 27.

You don't see any of those patterns by just watching the price. You can't tell if a dip is actually part of a larges rise or is a rise is part of a longer decline in price. You can tell that with charts.

The way to "have the bollocks" is to always take a long term view. Your long term view informs your decision in the dip:

[1] - if you decided it's going up in the long term, buy the dip because even if it goes down further your in long term anyway and it will go up according to your long term view

[2] - if you decided it's going down long term, wait for the "dip" to come back up to the next peak and sell

I suppose your next question is "how do I arrive at a long term view". Here's how I did it:

Blackcoin is CINNI's "big brother" kind of. It's a similar coin with similar characteristsics but ahead of CINNI in network effect and age. It's currently at 30000 Satoshis at the moment with 5 times the coin supply.

I decided that CINNI could reasonably get to at least half of Blackcoin's price corrected for coin supply (in other words "Marketcap" if you want to use those stats). The coin supply factor is 5, so using a calculator, that works out at 30,000 divided by2 times 5 = 75,000 Satoshis.

So I concluded that CINNI could reasonably get to a minimum of 75000 Sats barring any disasters. Somehere between 75000 Sats and 150000 Sats (the current BC price corrected for coin supply) I might think about taking profits. If CINNI manages to surpass BC then we're looking at a price above 150000 Sats.

There are lots of ways of arriving at a personal valuation for a coin. Thats just my way for this particular one. (Only problem is I got thrown out of the market at 22 with the fast rise. I've bought back in at half the position I had. Still, will be interesting. Since I've been writing this we're now back above 30000).

Hope that helps you have stronger "bollocks"

b.t.w. to that guy pumping fluttercoin, I'm in fluttercoin so I'm not that fluttered about it, but I don't think the 'pump' is by any means over on this one. It may settle for a while though.

I will, I believe in this coin.

The only thing is, after such a rapid growth and a sudden stop of the growth, a big price drop will follow. People lose the trust in the price 'pump'.

No, you could see it coming....

TIME   TYPE   PRICE   CINNI   TOTAL   FEE   NET TOTAL
2014-05-08 13:04:23   SELL   0.00034450
2014-05-08 12:38:52   SELL   0.00034750   
2014-05-08 10:06:53   SELL   0.00038800   

Sold the last pieces at 35k

This is just a final shake out before MP mainentance and CINNI announcement. It's necessary for the big pump coming aftwards.