This is crazy. Yea never invest more than you can afford to loose. The volume on coinexchange.io is increasing. I think we can bounce back. I still have faith in these guys but if it doesn't happen so what. I will not just dump though. Just stick your name Credence!!
cre·dence
ˈkrēdəns/Submit
noun
1.
belief in or acceptance of something as true.
"psychoanalysis finds little credence among laymen"
synonyms: belief, faith, trust, confidence, reliance
I don't want to hurt your feelings but the coin was dumped from 51k down to 2k sat.
No matter how big the volume is, this wont go back to 51k (at least not in the short term) if the team delivers then it may get back up but the trust is lost.
Also I have a feeling that some people in crypto do not understand what volume is.
Volume goes up means coins get sold or coins get bought. If the volume now goes up, it could mean more dumping (or more buying).
Like I said in a post earlier, people in crypto need to stop dreaming and become realists.
Do you know how many people bought in into the dump?
They will all sell before this coin even reaches 20k and thus making the price movement stop at one point.
Coin managed to get back up from 2k to 6k and it will go down again. Expect this coin to be worth between 6k and 2k for a long time.
I spent a lot of time looking at charts and saw this many times happening, after a big dump, pretty much no coin goes back to the point before dump.
There is now more people who own the coin and have bought for less and they will take profits on the way up.
I'm really sorry for anyone who is losing here, you can hope for a better selling point but 50k again?
No freaking way.
I'm giving you my left nut for this.