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January 28, 2014, 07:12:17 PM |
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That's exactly right. So really the question you need to answer is, how reasonable is it that this coin will get some irrational hype and cause it to inflate? I don't have the answer to that... but if it does, with such a low market cap you can make a lot.
It reminds me a little of MoonCoin. I jumped on MoonCoin on release and mined it for a week, and even bought some because it had such a low market cap and had a good deal of forum coin talk. For the next 3-4 weeks on coinex you either could sell what you had for .01 ubtc/moon or you couldnt sell it at all. This coin was dead, and I kept what I had because at the current market value it was worth more to me then what people were buying. I expected it to be de-listed and I'd just store my coin in my wallet. Then one day, it jumps in value by 10x, and the next day it was up 40x. I sold all at 35x...
My question for you is why MoonCoin and not NYM? I'll tell you that one of my tests for the value of coins is if cryptsy will carry them. anyways, perhaps someone will have more information for you on NYM. I'll just add, if you do decide to buy - just consider it money you are throwing away and may never see again.
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