[ANN][KARM] Karma / ₭ / X11

Go away... *kosmost raised KARM to 600+/- satoshi

ROFL, KARM was more valuable on first day of KarmaShares than it was one day after Karmashares. Anything between that was pump&dump scheme with lot of lies behind. Everyone who bough KARM and put it into KarmaShares lost money, even those who did it on first day. My KARM was stacked in that scam company, so I was not able to dump them at 600 litoshi. Go to the HELL with your idiotic observations.

Socoban, you know very well that this can not apply to everyone. I have never lost on crypto. Some will earn and a lot more people will loose. The same is with all crypto. Let`s face it. And this got nothing to do with the developer and nothing to do with the currency. Everyone who have lost anything on any crypto currency should blame only himself, no matter what expectations he has and no matter how much did he lost. And also, the moment of loss is determined by the seller, not by somebody else. If he is selling for less than he bought, who should be blamed? Anger and prattling can take place everywhere at every time, but when somebody is making trades, especially with digital currencies, he must do it with his mind clear. Trading behavior and the sympathies to a particular coin and involvement at some level to that coin must never be mixed. These are totally different things. If you don`t understand it, I don`t know what to tell you.

If you're talking purely about trading you may be correct. But at least in some cases it has got everything to do with the developer and everything to do with the coin. Note I am not talking about Karma from now on.

There were many coins that appeared perfectly valid and seemed good investments even if you did your due diligence in researching them, yet still turned out to be scams (sometimes after weeks or months). When a developer has successfully hidden a premine and dumps that on the market out of nowhere, or an exchange gets hacked and a sizable portion of a coinsupply stolen, or a group of devs simply walks away from a project despite promises (even faking evidence), that often results in a 99% loss of investment in a matter of minutes.

Most of these coins will never recover, so the buy low/sell high rule simply does not apply here. This is not normal market behaviour, its often intentional behaviour by devs and/or FUDsters and in some cases plain fraud. The fraudsters are just lucky that this market is so highly volatile, largely anonymous and unregulated.

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Also, I disagree with your opinion on Karmashares. Let me tell you why. Because you could simply negotiate and sell your entire KARMASHARES wallet. This was what I did at some point. There was no pump and related to the pump dump in KARMA history. This is simply not true. And there is not a single evidence for this. Pump and dump scheme never worked with KARMA. Also, I think you are talking about the price of KARMA, not the value. The value of KARMA was exactly the same on the day after KARMASHARES was disbanded as it was on 20th April. Cause KARMA had kosmost, bitwho, easteagle13, KarmaKaguy and all others driving into the same direction. The price could also rebound pretty quick if 5-6 KARMA holders didn`t offended the only persons that have ever made something big for KARMA. Also, some people overreacted on few accusations from several trolls, without taking into account that a lot more Karmanians have voted confidence into KARMA by putting their coins on KARMASHARES and still holding after abandoning of that model. We are talking here for about 270 KARMASHARES holders and 600-700 coin holders. Are these 5-6 trolls a match to all these believers? Of course not. Karmashares could turn easily into something else. You know this.

Of course everyone has his side of the story, so the most important thing is what we have learned.

Well if you look at the charts there are certainly several occasions where it looks a lot like a pump and dump, all the indicators in the charts are there. Accumulation. Suppression. Take off. Sell off. Karma is not immune to market manipulation, why should it be different than any other crypto out there in that regard? Wether this was orchestrated by insiders or unknown outside forces is impossible to say, but to look at the charts of Karma from April to today and say "there never was a pump" is pretty bold.

As for the other part of your reply I agree. The value of Karma has not changed, the price has. And the price dropped considerably, mainly due to LTC loosing so much value against BTC and BTC against the dollar, which adds up. Both of those were outside of the control of the team though, so its kinda hard to blame anyone for that. At least the loss was not as bad as it could have been compared to some of the other shit I have witnessed in crypto. Wink