If you guys bought in now, do not panic over any crazy price movement. This coin has an essentially finite supply. I went through the same during PoW week. I held, averaged down, and am now over 100% my average buy price.
And the difference between now and PoW week is you will have hash power to support your investment. In the short-term there will be spikes and dips, but as long as miners continue to mine, inject BTC into the BC market, and hold (at least most of their stash), the BC price can only go up over time thanks to the 1% coin generation rate per year.Use BC and price movements as a practice to control your emotions. Learn the technique of cost averaging if you must, and of course, only invest what you can afford to lose. But at least you can sleep knowing this idea that you are investing is probably one of the best the ever see the light of day in the crypto market. The community now will actually have some control to the price, as opposed to just being 100% at the mercy of the big whales.
This shows how ppl dont understand the concept of BC. What most dont realize is that BC cant be dumped like other mineable coins. Once the pool gets started and assuming everything goes as planned, BC at low prices are history. If you sell now, you will hardly ever see these prices again.
Whales can, and will probably still try to flash crash it. But the difference is the community miners are going to be right there picking them right back up! Because what the whales dump, they cannot rebuy with fresh newly generated coins from miners that are mining and dumping non-stop.
