Hello everyone!
First I want to say: I`m new in this forum (really new, never had an account) but not so new in Crypto. Second: My english is not the best. Therefore I might verbalize a bit laborious.
I`m invested in a few coins, but mostly in Cloak. I bought in at around 60k and bought some more in the range of 200k after the drop. What I think about the current price is: It`s fair and it`s good. Why? Cloak is very very young. The Devs did a great job so far, but today nobody knows if all the promises will be realized. That`s not FUD, it`s a simple fact. And: Some investors bought in very cheap and a few probably very much because they`ve seen the potential. So its really needed, that some of them sell some of their stocks. Everyone of them could crash the price even if it would be 50 Dollar. So, distribution is really needed.
But: In this early stages there is no run on Cloak. The price doesn`t recover that fast as some would like to see it. But also: If the Devs make true what they`ve intended there will be a run. For me personally, Cloak is a simple bet. If Cloak, PoSA, OneMarket etc. will work as promised, 10 Dollar would be cheap... I think 20 Dollar would be cheap (LTC were about 30 Dollar with over 30 Mio of LTC). If not, the current price is high and another coin will win the race. But I think, Cloak has the best chances. I don`t know much about coding but I understand the principals and I think decentralization is the most important. If cloak will be delivered as intended, it will be decentralized and it will be truely anonymous. That would be the cash of the net. And that means: Real money would find into cloak, not just speculative Money.
I analyze simple principles and some of them more in a psychological way. I always take a look to a Developer-Team, how they communicate, how they deliver. For me, delays are good signs if I see also communication. It stands for perfectionism and thats really needed. Also I try to figure out if the intentions of a development team are honest-longterm. And sure, every Developer wants to make profits, too. But I try to find Dev-Teams on the market who think longterm and have the skills to do it longterm. And thats why I think, Cloak is a great bet. Because I see all I want to see in the project and the Development-Team. Can we be sure that cloak will be on top of the decentralized-anonymous-Cryptos? No. Will there be setbacks? Yes. Some of them just because of FUD, some maybe true setbacks. But if.... Cloak (PoSA, OneMarket and all what will come) some day will work as intended it will be huge.
To come to an end: A great project needs time. A great crypto needs distribution. Everybody who think, Cloak will be delivered as intended should buy. Everyone who thinks, he can`t bear the setbacks should sell... Everyone who is sure, that Cloak will become the Cash of the net should buy as much as he can. Everyone who think Cloak will die in weeks or months should sell all (and maybe buy in later if he is wrong .... Really simple.