[Ok Cash] Is it the end ?

[ManuBBXX]

I know that the entire market bleeds, but OK cash is one of the only coin who dramatically falls, and nevers stops doing that..

Your thoughts ?

[prabakharras]

Fast big increase follows with fast big drop
It comes as a no surprise https://www.coingecko.com/en/price_charts/okcash/usd
But I think it is heavily affected by the condition in china

[Cloudfire]

I'd be very careful with that coin.

If you don't want to hold coins for a long time, i suggest looking for another coins.

There will always be coins like ok which increase it's value a lot, but then fall down to it's original, low price.

[ahmedjamal1998]

Well if you just take a look at the whole chart (https://coinmarketcap.com/currencies/okcash/) you'll clearly see that this is expected.
The coin got pumped at the beginning of the month and continued to rise for some time. It reached the highest ever on 19 September.

Well if you deal with new coins a lot you'd probably know that they are just there for pumps and dumps. Once the coin gets pumped and keeps increasing that's the time you need to keep an eye open.
Because soon enough the price will go down which would indicate that it's the end of the pump and you should sell immediately.

Good Luck with another coin.

[Zakhal]

The price was very low just recently. Looking at the history it looks like it was considered worthless. Im guessing all those who mined from the start wiht 60% POS just wanted to bump and dump. I sold all I had when I noticed the price history. There is a real risk that the price will whither to nothing. POS rewards will get lower in a year, the coin never made it big in the past and there is nothing great to look forward to in the future either.

[louisMTV]

now yes but soon will be back.

[drachman]

I know that the entire market bleeds, but OK cash is one of the only coin who dramatically falls, and nevers stops doing that..

Your thoughts ?

The coin was pumped and now it is dumping it is nothing more complex like that , if you invested in that coin then there is not much you can do expect wait and gold of it is a good project or to get out if it is a coin in which you do not trust at all.