[ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!

cgminer version 3.7.2 - Started: [2014-03-07 23:35:27]
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As written yesterday evening BTC has been taking a dip (or a walk down the park).

We went very quickly down to 590 a few hours ago because some mini whale dumped 1kBTC which makes me suppose lots of ancestors with 1kBTC or more somehow feel like it's time for them to sell but fail to do it efficiently.
Or this could be a game like probing the orderbook, or whatever else (some mini whales do this from time to time: the dump 1k+ when prices are high, traversing the orderbook, then repurchase the equivalent amount when prices are, traversing back the orderbook, but on average make some money if they act quick enough).
Under these conditions it feels unlikely BTC would go deeper.

Nothing to really worry about then. Let's put it on the weekend effect.
Maybe more small dips on the way but right now it does not feel like there is going to be a crash.
This worried me yesterday as some of you might have read.

So does UTC. Introducing a coin on a friday afternoon is probably not the most clever time of all.
Let's consider this as a litmus test.

For BTC: sideways is a more acurate description of what's most likely to happen next.
Previous crash recoveries show that what follows the last dip is always a number of sideway moves that gradually get higher up until steeper rises take place (along with occasional corrections).
During this "flat phase" volatility is pretty low and occasional downward moves are not catastrophic.
They are always compensated and on average prices ultimately go up.

Experience shows that bagholding is the best strategy for people who do not have a massive trading experience.

UTC: We'll have this dip phenomenom possibly until sunday night and we'll see on monday.
There should be pretty low activity and therefore more pressure on the price.

Do not sell or panic, there's absolutely no reason given the relatively low volumes.

Be confident and understand UTC is not a get rich quick scheme.
The purpose is to build value by letting people in under the best possible conditions: rising the price on a regular basis is one of them.

We already know the potential for this coin, let's realize it.
But remember: this is not a weekend project: it's going to take longer and in the end maybe you'll want to keep your coins or regret having sold at what will appear like low prices.

This what is commonly referred to as an investment.

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