I don't know who can sell their coins at those cheap level?!? Unbeleivable, there will be 3 months of PR that will be done with a private agency. If we were at the end the the 3 months, maybe it could be wise to sell, but at the start??
In my case, I'm happy of low price, so that mean my miners give me more BC per day.
manipulation to hold the price down and trick others into selling cheap.
It is e.g. more than possible than someone is selling to himself while constantly lowering the price, and they will of course also get the cheap coins others sell because they think that price is reflecting the actual value.
Just have a look how quick every uptrend has been killed in the last weeks, sometimes with ridiculous sell orders more than 20% below market.
Indeed, but why people fall in the pattern? If there is manipulation, it's because it way undervalued now, check it out when it will go up (for real) it will only need a spark and BOOM!
I'm patient, I could take a month, I could take a couples of months, half a year on maybe just one week but for sure many people will kick themselve for selling @ 18 000 sats.
History always repeat istself....
that happens when greed and impatience meet and/or people are investing money they cannot afford to lose (worst mistake of the lot one can make, but happens more often than one would think...). Additionally people are not used to see new coins that have an actual value beyond the one, somtimes handful, P&D(s), BlackCoin and DarkCoin are the only ones in quite while now.
If a coin does not shoot up for a 2nd time within a week people go out, because they see the green +20 or more percent on mintpal at other coins and/or hope they can join a clone in time. of course many get burned twice going out of coin #1 with a loss and joining #2 too late.
