[ANN] [CLOAK] Cloakcoin | No Premine | X13 | Decentralized Market and PoSA

[profitofthegods]

The goal of the Cloakcoin dev team is to create a trustless, anonymous, decentralized and scalable ecosystem.
How can you say everything is already priced in with everything yet to come?

Because the market prices all those things in way in advance of them actually being delivered.

That was what you saw during the pump to 34.

Now the price is consolidating so when all that stuff actually arrives the price will end up somewhere zero and where it is now.
 

What pump and dumpers do has no meaning for the long term value of the coin. What you saw during the pump to 34 was exactly that - a pump, or in other words, a manipulated market.

They will indeed be buried as cryptodaknight says, as they rely on small markets and uneducated, easily manipulated traders (or in the traditional markets proprietary media channels and exclusive fast access to markets, but that cannot happen with cryptos). Over time as the crypto markets grow, and market participants become more wise to their games, their power will wane.

Also these things will be partial priced in before delivery, but not totally, because you can never be sure they will happen and will work until you see them and because some people won't hear about them until they start getting used by others. Even if they were totally priced in by speculators why would that mean a price between zero and where it is now? It would mean a price equal to what it is now (because they have been correctly and fully priced in), or above its current level due to increases in real users rather than just speculators.

You seem to have the opinion that cryptos are purely a game for speculators. I disagree. I think this coin (as well as others) has real utility and will be used by real people - and this is what determines the value, not the stupid games of wannabe banksters.

[toknormal]

Toknormal i know it hurts you lost out your DRK investment, so have i.

Quite obvious you sour cause Cloak is going global in a few weeks. Weoowuw

For your info, my holdings are about 1500 DRK and about 2700 CLK. I dumped 1000 CLK the other day just because I needed a bit of cash but still have 2700 CLK.

Having been in this game for over a year now, I'm well past the stage of crying over a dump. They are as predictable as a pint of milk going off.

CLK is an interesting coin with great potential. But that doesn't translate into price, that's all I'm saying.

Even though my CLK holdings are larger than my DRK, DRK is far more likely to revalue up the way in terms of price IMO simply because it got there first. CLK has a mountain to climb just to get back to its all time high never mind go to more than 3 times its all time high.

Not happening I'm afraid, no matter what the devs do. Thats just how these markets work - it's too easy to create new coins with interesting and challenging features but its near impossible to be the first into anything.

I'm not saying I can't be wrong - feel free to offer a counter analysis - but after you've seen about 100 coins all do the same thing after a big pump it gets kind of repetitive.

[Hueristic]

You seem to have the opinion that cryptos are purely a game for speculators. I disagree. I think this coin (as well as others) has real utility and will be used by real people - and this is what determines the value, not the stupid games of wannabe banksters.

Truth here, I have been monitoring the top 3 anon projects as I'm sure many others have and will invest and hold the largest percentage of the one I think will get adopted.

There is a massive market for a truly Anon coin, but the infrastructure has to be mature before the value will skyrocket along with adoption.

[CryptoAllDay]

When the price drops despite the devs continuing to deliver on all their promises you know something big is about to happen.

[bangomatic]

Toknormal i know it hurts you lost out your DRK investment, so have i.

Quite obvious you sour cause Cloak is going global in a few weeks. Weoowuw

For your info, my holdings are about 1500 DRK and about 2700 CLK. I dumped 1000 CLK the other day just because I needed a bit of cash but still have 2700 CLK.

Having been in this game for over a year now, I'm well past the stage of crying over a dump. They are as predictable as a pint of milk going off.

CLK is an interesting coin with great potential. But that doesn't translate into price, that's all I'm saying.

Even though my CLK holdings are larger than my DRK, DRK is far more likely to revalue up the way in terms of price IMO simply because it got there first. CLK has a mountain to climb just to get back to its all time high never mind go to more than 3 times its all time high.

Not happening I'm afraid, no matter what the devs do. Thats just how these markets work - it's too easy to create new coins with interesting and challenging features but its near impossible to be the first into anything.

I'm not saying I can't be wrong - feel free to offer a counter analysis - but after you've seen about 100 coins all do the same thing after a big pump it gets kind of repetitive.

Yes but DRK claimed anon first does not mean they delivered it first. Infact they still have not delivered it, and cloakcoin has delivered...which is why DRK prices are way over inflated and cloak is way undervalued.

the main difference I see here is that the DRKcoin community is strong...fanatical even.  Cloakcoin community is mostly weakhanded P&D crew...so far. we need stable investors in it for the long haul, like drk has.

[Miridor]

cloakcoin is just 2 1/2 months old, give it time.

[Cryptoolate]

I'm utterly shocked at how undervalued CLK is.  Look at LTC and its value.  Now factor in that CLK is the next best thing since sliced BTC.  

CLK is being overlooked that it's the real deal and will pay off dividends in the mid and long.  I'm afraid some people will be too late to the party because of their immaturity and lack of experience.  

Please disregard charts and useless posts and factor research and risk vs. reward.  CLK is worth the risk, if you would even call it that and I've been here since beginning so I'm not worried about a dip.  Some people need to grow a set.

[pookielax31]

Ive made alot of money moving from coin to coin.... i sold some at top.. but im already back in with more... CLOAK has a strong future which is why im still around here   Hedging is for this exact reason... to make money while another investment is down.. But hey im fucking LONG on Cloak my first buy was .000394 sooo yea cool as a cucumber

[toknormal]

the main difference I see here is that the DRKcoin community is strong...fanatical even.  Cloakcoin community is mostly weakhanded P&D crew...so far. we need stable investors in it for the long haul, like drk has.

You may be right - CLK may have some mileage after new features come out.

The price evolution was healthy up until the last pump, so there's reason for keeping an open mind.

However, look at the chart. That's not going back up before a VERY long period of consolidation. During that time, DRK will take another leap forward because its served its time in the consolidation phase and is now hard packed. CLK has it all in front of it. I saw it possibly nearing parity with DRK during the last weeks but it got as far as 35% and then tanked. So that's it for this session and possible for ever. I don't know, but one thing's fairly academic - the huge amount of resistance that's there now will limit any price growth to 10-20% if that IMO.

P.S. I've been majourly wrong on this type of call in the past - in particular one I made with MAZA coin - so there's still hope.

[cryptodaknight]

The goal of the Cloakcoin dev team is to create a trustless, anonymous, decentralized and scalable ecosystem.
How can you say everything is already priced in with everything yet to come?

Because the market prices all those things in way in advance of them actually being delivered.

That was what you saw during the pump to 34.

Now the price is consolidating so when all that stuff actually arrives the price will end up somewhere zero and where it is now.
 

What pump and dumpers do has no meaning for the long term value of the coin. What you saw during the pump to 34 was exactly that - a pump, or in other words, a manipulated market.

They will indeed be buried as cryptodaknight says, as they rely on small markets and uneducated, easily manipulated traders (or in the traditional markets proprietary media channels and exclusive fast access to markets, but that cannot happen with cryptos). Over time as the crypto markets grow, and market participants become more wise to their games, their power will wane.

Also these things will be partial priced in before delivery, but not totally, because you can never be sure they will happen and will work until you see them and because some people won't hear about them until they start getting used by others. Even if they were totally priced in by speculators why would that mean a price between zero and where it is now? It would mean a price equal to what it is now (because they have been correctly and fully priced in), or above its current level due to increases in real users rather than just speculators.

You seem to have the opinion that cryptos are purely a game for speculators. I disagree. I think this coin (as well as others) has real utility and will be used by real people - and this is what determines the value, not the stupid games of wannabe banksters.

Exactly, most think all alts are worthless, and just because most all coins are BTC/LTC clones claiming to have this and that, it's thought my most all they will all just not have real worth. This is because to have that real world worth is utility or usefulness. What most do not understand, is cloakcoin could and may even have more usefulness in this stage of the game than bitcoin.

WHY you ask? Cause look at most the bitcoin transactions, they are not by just buying stuff, it's darknet. Why would people using Bitcoin for this purpose buy bitcoin if cloakcoin is fully anon doing same exact thing?

Sure Bitcoin and others will catch on in time day by day, but it's not mainstream enough yet. BUT, cloakcoin has RIGHT NOW UTILITY.

[bangomatic]

Ive made alot of money moving from coin to coin.... i sold some at top.. but im already back in with more... CLOAK has a strong future which is why im still around here   Hedging is for this exact reason... to make money while another investment is down.. But hey im fucking LONG on Cloak my first buy was .000394 sooo yea cool as a cucumber

thank god for the weakhanded noobs right?? 

[peels]

The thing with OneMarket is say a bunch of people sell thousands of dollars worth of stuff. These people want to dump CLOAK for BTC and cash out. Constant down pressure because the only people that are buying stuff on OneMarket are people already holding CLOAK.

We are all hoping new people buy CLOAK then buy stuff on OneMarket so often that there is constant buy pressure to even out the sell pressure. Then everyone will be praying the price doesn't go down much otherwise why would people want to buy CLOAK only to lose money before buying their items on OneMarket.

What we need is a stability fund to keep the price steady and give people confidence.

What I think will happen is every time more good new comes out the large holders will see that as a way to unload a few more coins and we'll never go anywhere.

[erok]

Onemarket will boost volume on cloak like silk road did for bitcoin. True anonymity with an integrated market is the holy grail of digital currency. This dump is appreciated. I am eating all that I can.

[burner2014]

I just looked up Vericoin and Darkcoin and the pattern seem to be same.. 180 days chart.  Big hype after some time (we had this last week ) then downtrend.. mostly it took around 2-3 months to grow steady.

Cloak is 1 month old. Patience.

[bangomatic]

the main difference I see here is that the DRKcoin community is strong...fanatical even.  Cloakcoin community is mostly weakhanded P&D crew...so far. we need stable investors in it for the long haul, like drk has.

You may be right - CLK may have some mileage after new features come out.

The price evolution was healthy up until the last pump, so there's reason for keeping an open mind.

However, look at the chart. That's not going back up before a VERY long period of consolidation. During that time, DRK will take another leap forward because its served its time in the consolidation phase and is now hard packed. CLK has it all in front of it. I saw it possibly nearing parity with DRK during the last weeks but it got as far as 35% and then tanked. So that's it for this session and possible for ever. I don't know, but one thing's fairly academic - the huge amount of resistance that's there now will limit any price growth to 10-20% if that IMO.

P.S. I've been majourly wrong on this type of call in the past - in particular one I made with MAZA coin - so there's still hope.

Theres hope but only if community grow some balls, and quit pressing the panic sell button everytime chartman posts a chart. I mean seriously...if you bought instead of sell then chartmans chart is wrong. His chart is right because community (weakhanded) listen and make it right. grow some balls and we can grow this coin.

[erok]

There is more than hope. There is the inevitable evolution of a worldwide anon digital currency/marketplace. This price is my breakfast.

[lab rat hoax]

The thing with OneMarket is say a bunch of people sell thousands of dollars worth of stuff. These people want to dump CLOAK for BTC and cash out. Constant down pressure because the only people that are buying stuff on OneMarket are people already holding CLOAK.

We are all hoping new people buy CLOAK then buy stuff on OneMarket so often that there is constant buy pressure to even out the sell pressure. Then everyone will be praying the price doesn't go down much otherwise why would people want to buy CLOAK only to lose money before buying their items on OneMarket.

What we need is a stability fund to keep the price steady and give people confidence.

What I think will happen is every time more good new comes out the large holders will see that as a way to unload a few more coins and we'll never go anywhere.

While I agree that thiswill happen, to what
extent I'm not sure, the devs here have
already designed ( under construction )
a better mousetrap.  This is the wild west
free market ....... cloak will be the answer
people have been seeking, and investors
will be rewarded, especially early ones
.......   And it's still early

[SkyValeey]

Theres hope but only if community grow some balls, and quit pressing the panic sell button everytime chartman posts a chart. I mean seriously...if you bought instead of sell then chartmans chart is wrong. His chart is right because community (weakhanded) listen and make it right. grow some balls and we can grow this coin.

But i post yesterday 2 scenario cause looking at chart I thought that we've chance to go a little above downward channel and even form solid uptrend!

Now we're going in 2nd, negative scenario BUT we're going next days to upper line of channel or slightly below.

Btw. I'm short term trader. If I'd be long term into Cloak I wouldn't even read this thread:)

This is base line and we can say that in mid Cloak is still in uptrend:



If we're going this week in uptrend, probaby it'll be something like head and shoulders with extended right part.

If price will fall below this line (without solid rebound), trend in mid will be probably changed.

[darkproton]

Big holder here. Been in this game as well for a biscuit. For all worried about the price I would like to say, after about 7 weeks or so, there has been substantial growth. The area of .0013 looks like a new floor....the secs are still working and more is to come. Don't underestimate the money on the sidelines waiting for an alternative to have a breakthrough.

[Coinster2014]

Theres hope but only if community grow some balls, and quit pressing the panic sell button everytime chartman posts a chart. I mean seriously...if you bought instead of sell then chartmans chart is wrong. His chart is right because community (weakhanded) listen and make it right. grow some balls and we can grow this coin.

But i post yesterday 2 scenario cause looking at chart I thought that we've chance to go a little above downward channel and even form solid uptrend!

Now we're going in 2nd, negative scenario BUT we're going next days to upper line of channel or slightly below.

Btw. I'm short term trader. If I'd be long term into Cloak I wouldn't even read this thread:)

This is base line and we can say that in mid Cloak is still in uptrend:



If we're going this week in uptrend, probaby it'll be something like head and shoulders with extended right part.

If price will fall below this line (without solid rebound), trend in mid will be probably changed.

It totally looks like we are in the capitulation phase...  That double top with the bulltrap is exactly the same graph.   I am afraid it might go below 130k...   Will this go lower than that?   If so, I really want to catch it lower instead.