Couple of things really that majority involved in crypto want quick wins. The first 6 month of this year has breeded the mentality for quick profits. Mgo is not at a stage for a quick win so these mind sets are moving money to speculative projects...key word..speculative...the majority long term holders know this mgo is not so speculative. Solid plan and team in place. The jumpers will jump back in later and most will miss huge gains but they will keep chasing their %s.
2nd thing is that summer is normally a great time for fiat stocks. I believe this is why the crypto market is now stalled around the $100 bill mark. Once 3rd/4th Quarter hits big money will pull from fiat markets into crypto and this is when we could see btc at $10K with the alts also gaining heavily. With these time frames the game and mgo teams are planning on time to hit the masses with product availabilty and marketing opportunity to pull in big investment.
This big push into crypto can happen with the collapse of the euro. Already The ECB has pushed 2 italian banks into insolvency but this is kept quiet in the news because they dont want market panic for as long as possible - the fiat bubble will pop hard.
3rd there are a more and more coins trying to copy or doing their own version of gaming coins. So some people may jump on their band wagon. Some mat fear competition will cause de-value. This is where game should (probably are to be fair) working hard, fast and smart as possible to get a finished store and products working and launched. Everyday not launch is where competition is biting, even if fuedal attempt its still a nibble at your investor base.
4th you can tell poloniex troll box is closed. The same stupid questions getting asked over and over again with many comments having a negative tone. The coins feel like they are under attack and it is not the 1st time. You can see how good detailed comments from holders and the team get spammed into history. Dirty scum with such tactics but some people have more money than sense and get scared and move money away which just breeds the trolls to hate more. If you made decision to invest maybe you should have more backbone and believe in why you invested..
5 summer is here and people have made good profits being involved with game and most other coins over the year. Average man may skim some profits for vacation. If 10,000 ppl skim $1,000 that's $10mil taken from market cap.
The key is take a breath. If you can't handle the stress / seeing a red day or a red month and this makes you want to panic sell then remember you are not a professional trader. Try a method. Do not look at your investments for 1 month. Take a break. Feel better. In a project like this the longer you can ignore is likely for the best. Try 1 year and maybe pay off your mortgage when you next look
Professional advisor tells his client an investment is for 3-5 years..90% will not do this. Guess which 10% of investors make the biggest gains eh 😉
