I think the big guys just played with us all.
With all the pump and dump and now they cashing out...
Even dont bother to see a risen to stay in the market, since all is going down. Correct me if i am wrong, but since all even bitcoin is going down so much I think the are exchanging they gained coins against dollar.
Well, let's see!
To the OP; SenorHombre,
Um, so your really new around here, okay.
Yea, well you jumped into the wild rapids of the Decentralized Crypto-Currency Revolution, right when
it again hit a peak, from the looks of things, back in December 2013.
So it may be a while (or not), before the next new all time peak hits for Bitcoin. Same for the
other better Alt. coin types. But not necessarily for all alt. coin types. If history is any guide, and
often it ISN'T, then maybe in a few months, or less, or longer, another big rush into crypto will
again occur. If so, then expect many or most, maybe even all crypto boats to rise again, maybe. Or
not. Tough to say.
Remember, we know history doesn't repeat, but merely rhymes. And suddenly, what with the
flood of so many new alt. coins, which are almost all mere copy and paste clones they did dilute
already treacherous waters, thus making all of them less unique, and have less demand for each
of them as a result of ever more coin types. As well as confuse many.
Amazingly DOGE is doing well so far. I am shocked it is. But then nothing really surprises me that
much anymore. DOGE was well promoted, very well marketed, at least to some it must have been.
Maybe it survives, maybe it doesn't. I don't care for it's chances, but then I don't care for any alt.
coins chances compared to any other alt. coin any more. At one time I thought I could pick the
winners, but not anymore. Except maybe for Bitcoin. The rest are all wildcards in my book suddenly.
Things are highly unpredictable, except maybe with Bitcoin.
BTC has a new price trading range of about $500 to about $1000, plus or minus a couple of hundred.
Those are huge trading ranges. By all means buckle your seatbelt, hold on tight, or maybe rethink
your choices. As for the other alt. coins, their much riskier than bitcoin. So in case you have any
other thoughts than those then maybe reconsider. Some are likely more risky than others but all of
them so far carry much higher risks than many are likely presently thinking. And with even larger
potential losses, or gains.
Much of the coins that just came out has little to no community support. Of course DOGE does,
but it's an exception. Same for many older coin types, they have little community support, much
less stronger developer support. And at this stage most importantly strong MARKETING support.
Yet only several at most have strong marketing support yet. That's where everyone better get
FAST.
Best to maybe take a look at the longer term charts at these two links:
http://bitcoinwisdom.com/markets/bitstamp/btcusdhttp://coinmarketcap.com/ And realize that this is a long, drawn out deal. And that most Crypto-Coin types wont end up winning.
Maybe a dozen, realistically, or two dozen, maybe. Maybe less than a dozen, or more than two dozen.
No one knows. Maybe just bitcoin, and nothing else. But that seems unlikely since we almost all prefer
choice, and I certainly wont dare keep my stash all in one single crypto basket unless that is I am forced
to do so. I wildly guess it will be 16 Crypto-Currencies that end up in the mainstream global marketplace.
But which one's is the real question! So far only Bitcoin seems to be one of them with any certainty, but
will it's price hold, or go up further, or go back down some? No one knows. Maybe other types will out
play it. Doesn't seem likely now, but maybe later it will. Still Bitcoin today is by far less risky than the
rest, yet still extremely high risk for anyone to put much of their savings into it. Don't speculate with
more than one can afford to completely lose here. It could otherwise gravely harm oneself financially.
These are all a big gamble, even Bitcoin. After all look at all the choices. And now suddenly those like
myself are culling their stocks.
Beware of a lot of lesser quality coin types. And of coin types with little community behind them, and
the one's not being pushing into the mainstream marketplace with strong marketing efforts at the
present time. That's the best advice I can think to offer.
Yea, out of over 3 dozen crypto-coin types I just sold about 2 dozen of them off. Cleared them out.
Culled the herd so to speak. Kept the best ones, and let others take care of the rest of them.
This is a new year. A few other alt. coins are about to arrive in the marketplace with their own real
services to and from the marketplace of traditional currencies. And hopefully be widely accepted to
and from fiat currencies. And hopefully from retailers and other companies too. If so then it's first to
market that ends up usually winning it all. So far that spells Bitcoin. And time is a wasting. If you
catch the drift. Then again maybe I am wrong. But it would seem to be the case that those first to
market if not well outdone are almost certain to lock up much of the marketplace, and make it tough
for others to gain a stronger foothold.
This is a whole new year. This isn't a gold rush per say, at least not any more, and not most coin
types will survive.
But maybe for a spell longer they might mostly thrive. I doubt it, anymore. But I could well be wrong.
Seems to me others are culling their herds too. Reducing them down to their top choices, the best
alternatives. But maybe not. I don't have any crystal ball.
I just told you what I did over the last couple of weeks. So take it with a grain of salt, or take it as
strong medicine. That's for you to decide. And hence why I sign my posts the way I do below!
Just don't risk more than one can afford to lose, and don't think of it as getting played. The only one
playing anyone here are ourselves. No one group, or any groups, are scamming anyone. But there
are scams galore around these parts, so always due your own research, your own investigations,
and trust no one. Instead always Verify.
Caveat emptor - let the buyer beware!
