|
August 11, 2014, 12:36:34 PM |
|
The price got pumped by a small handful of people with a lot of BTC. Once enough people bought in, they dumped, leaving everyone else remaining to hold the bag.
They're not likely to pump it again, for one very simple reason; there are too many bagholders left from buying in during that initial big pump who now want to dump their coins.
The truth of the matter is, no whale would touch Aurora now, because the first pump is always the most successful, and any subsequent pumps risk being squashed by the pressure of bagholders dumping their coins realising that it was a pump and dump.
Move on. The coin is finished. Sorry to be harsh, but if you bought in during the pump, you'll never see it reach that high again.
Even if the value of Bitcoin doubled tomorrow, the market is becoming more saturated with new coins every day, with less and less BTC to go around. I guess you should never 100% write off any coin, but I wouldn't bank on it.
|