Big EAC pump coming...

[tshaw]

I'm not a huge trader, personally like to just mine and hang on hoping I hit it big with some of my alt coin picks... but looking at the charts EAC value is abnormally low and crashing compared to other alts. I think there is a big pump coming even amidst all the bad pub lately. I'm not soliciting anyone to go out and buy anything, just wanted to get my opinion out there on record and see if I'm right. Curious as to what others think...?

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[Bitdonator]

yes, EAC will back to 260 satoshis next month    Now I buy as much I can

[poornamelessme]

Not so sure. It may get a pump, but only after it hits rock bottom. And I have a feeling it has a bit more to sink...

And it's only undervalued when compared to earlier prices. When you factor in that the developers may have dumped their premine (rumors) and development-wise, there isn't a whole lot to get excited about regarding the coin, its true value may be around where it is now, or less.

I realize a lot of people paid a lot for EAC, so they hope it will be pumped or they try to see something positive in it. But at this point, it just looks like a sinking ship. Money can be made still, but only for those who know when it will hit the ocean floor.

[tokyoghetto]

Scamcoin from the start. Huge premine. EAC is dead.

[12345mm]

Yeah ... I gotta say my balls of steel are fucking hurting this last week ... on earthcoin specifically ... I had about 20,000 of them bought in the 125 satoshi land after dumping all my initially mined eac at the 300+ land on day 1 on cryptsy ... when I saw it was down about 70% from the initial trading range wobbling around the 120 -100 , thats enough of a smash to get me interested and figuring on a turnaround happening, which is why I bought my initial 20,000 at the 125 and I was thinking gosh this CANT possibly want to go below 100 satoshis , I surely wouldn't want to sell any of my eac below 100 ... and so when it then actually does go below 100 a couple of days later, I'm thinking awesome, theyre giving this stuff away, so I buy a bunch more around 90land, and I figure thisll be an easy 10+% gain back after this goes back above 100 ... nope ... for the next 10 days it drops 9 out of the 10 days at losses in excess of 20% PER DAY ... and yes I've been buying the everloving shit out of it at this point ... now I've got well over 300,000 eac , most of it acquired in the current trading range of today/yesterday ... shit , when it's trading at 90%+ losses vs what it was at like 1 month ago, I have to think there's a lot of room for upward movement and I also highly suspect the markets are being intentionally driven down by those wanting to buy back even bigger even lower ... for that matter there's only so much more negative movement that can even realistically happen before it either bottoms at 1 or is delisted as trading with btc and moves to ltc ... fuck that if that happens ... I have to simply assume that those with vested interest and much more to lose than myself will not allow that to happen ...


But for that matter, everything has been basically smashed down hard this last week or two - I've got a relatively diversified portfolio of like ... I dunno, 50+ coins that are major traded ones, maybe another 100 coins which are junk/not traded on exchanges ... and I've seen losses this last week of about 25% in total and I do have less than 1/2 of my btc in alt coins ... so it would have been 50%+ losses in 1 weeks time despite a highly diversified portfolio ... what else can I really say about that ... the degree to which these markets are actively being manipulated is disgusting ... at this point, I have to simply assume that the markets will correct back / be manipulated back, at least some of them will, to previous ranges or something at least resembling normal, if there is such a thing in cryptocurrency ...


For now ... my only best tactic when things get this bad is to buy like crazy buy like crazy buy like crazy ... so that's what I'm doing anyway ... it's worked out very well in the past ... best of luck to everyone out there ...

[poornamelessme]

When prices sink like this, it makes me glad I don't have real money invested, mostly doing this just for fun. My entire 'portfolio' may be worth like  $200+ or so .... and most of that came from freebie cloudmining of darkcoin.

When I saw EAC get down to 99, I bought about 15K. I also figured how much lower could it go? And then it kept sinking. I eventually sold it at 75 during a brief bump, which I guess was a good thing, seeing where it is now.

I feel bad for those who have millions of EACs, as I see no way for them to ever recoup the money really.

[galbros]

I held some of this and am now regretting it.  I imagine many others in a similar position.  Nice try to get some excitement for this coin, but I don't think it will go very far unless some major infrastructure comes online for it.