Pirate Chain - explain price to me like I'm six.

[AZ9999]

I'm having a hard time wrapping my head around when AltSeason starts and ends. Also having a hard time understanding why some Alts track BTC closely, while some underperform and some outperform.  Not even going to get into asking about Doge.
 
Example: Pirate Chain.  On the surface seems like a solid project.  Has done extremely well in the last month like several privacy oriented projects but I don't understand why it is performing so well.  More to the point I'm looking at picking some up but I'm concerned about how to determine if the recent activity is due to the overall market and it's dragging Pirate along, or if it is the real deal and will continue to appreciate. 

How do you guys make these determinations?  Any comments on Pirate Chain itself?  Thanks in advance.

[livingfree]

I have no comments about piratechain but it really has pumped a lot. Just a few weeks ago, the price is in centavos and now, it's been $4.54.

That's a big pump that it has made but whenever an altcoin pumps like that, you should be careful if you're thinking of investing because it's already the peak.

And there's the likely that it will start to be dumped by those investors who are about to take profits.

[AZ9999]

Thanks man, that makes a lot of sense.  I wish I could get behind the curtain to find out who is making these pumps happen.  It isn't even about the money at this point, just trying to understand how it all works.  Never a dull moment!!

[livingfree]

Thanks man, that makes a lot of sense.  I wish I could get behind the curtain to find out who is making these pumps happen.  It isn't even about the money at this point, just trying to understand how it all works.  Never a dull moment!!

Just think of it as if most of the altcoins that we're not expecting to pump are being pumped by most of the traders. After getting profit from another altcoin, they would jump off to another one just like this coin.

We're in a bull run and many altcoins are part of it so whoever is behind of it, it's the actual market that we're with.

[peter0425]

This is the good part if you are a risk taker because you will try your chances in coins like this but of course that's also the hardest part when you cannot assure the chance of gaining.

Piratechain is really doing well these days but the problem now is that this may take the downfall at any time now.

[cryptoperkele]

Thanks man, that makes a lot of sense.  I wish I could get behind the curtain to find out who is making these pumps happen.  It isn't even about the money at this point, just trying to understand how it all works.  Never a dull moment!!

Some of them are being organized by pump & dump groups, and sometimes pump & dump groups just take the credit for them. But it's mainly because people just buy everything because they want to catch the next rocket. When there's enough fomo on altcoins, project fundamentals don't matter anymore and even long dead projects tht don't have any reason to exists, projects without any development are pumping. Until they don't.

[ashmodeus]

nice catch btw, i just missed it since that coins its not from major exchange or even startup exchange like gate.io or kucoin. but just for reminded, we on alt season now, with every shitcoin can be going up for no reason, its just seems like bubble now, of course its just beginning, #DYOR.

[cygan]

today is another day where you can consider yourself very lucky to have invested in this project. all coins/tokens are dumping only ARRR stays green and reaches new ath's daily
ARRR has a very great potential in terms of privacy coins and it is really only a question of time when major exchanges will list Pirate Chain
🏴‍☠️🏴‍☠️🏴‍☠️

[slaman29]

3 comments and these are all completely objective so you can assure yourself I am not shilling.

1. All alts benefitting from crypto rally boom, but especially from defi boom. Regular cryptocurrencies not really enjoying as much as all these staking defi coins. So PirateCoin is benefitting from this but maybe now as BTC dropped in past few days?

2. Coin itself looks scammy. If you can't explain how it works and why it's good on your own, then yeah they did a bad job marketing even something as basic as that.

[Cengghengmania21]

Each project has a different concept of attracting the attention of users, the Pirate Chain is the most private and secure. but when it enters the trading market everything can be different. sometimes projects that have a good concept don't have a great price, and conversely, projects that are sometimes created just for jokes, now have a fanatical price. it all depends on the team and the community's decisive demands