I agree. The price isn't cheap. And the market will reflect that. Now is the time for the real shakeout. Either sell and buy back later or hold as see if all of us who are currently holding can fight the temptation to liquidate while volumes are low. When you think about it is only a few of us have to sell for the price to tank. Then the price will be cheap for investors. If you want in on this coin I suggest setting low buy orders so the weak can transfer to strong. Don't buy at this price. Instead be our base. From 120k to 180k. Maybe set some buy orders in at 60k.
That being said you should probably spread some of your money around to other anon alts as well if you haven't already. Weekends are notorious for sales. Mondays and Tuesdays is when they pick up again. Its possible that we stay at a point of consolidation for a week though. So sell if you want. I think in the long run its important that we build a strong base at 200k for right now.
ignore this advice at all cost.
if you want to buy CLOAK, then just buy it. the price is the price. There is no such thing as cheap CLOAK or expensive CLOAK. Some people thought $1 LTC was cheap, others thought it was expensive. The real gamble is not buying coins when you want to and leaving it all to HOPE. The hope that price will pull back and hit your buy order.
If it does, you feel like a professional trader. If it doesn't you feel like a moron.
people have sold HOPING that the could buy back cheaper....and it never gets cheaper.
Are you seriously telling people to set buy orders at 60k SAT?! What you are really trying to do is make sure people NEVER buy CLOAK. On the last pull back CLOAK barely broke 200k and that was on heavy volume. Honestly, you have no say on what price CLOAK is considered cheap or expensive.
For some people KEYcoin was expensive @ 50k SAT. Many probably waitied for a pull back that never came. Price is over 200k SAT. Those people are left playing the "what if" game.
Most of you people here giving out trading advice might as well throw chicken bones to predict price movements. Pulling numbers out of your asses pretending to be the next warren buffet.
Everyone should keep it simple. If you want to buy, then the only price that matters is the current one. If you don't, then don't.
Looks like you were wrong, dude. We went under 180k. What other sage advice do you have for us all, Mr. Buffett?