Of Pump and Dumps...
Today we hit #1 24 Hour trade volume on Bittrex with over 186 BTC in trades. Personally I am proud of the fact that we are getting that kind of attention. There is speculation that we are in the middle of a Pump and Dump. As in most cases the truth is neither black or white, but shades of grey. There is undoubtedly market manipulation that goes on with every coin. The manipulation is primarily in new coins by touting features and hype to drive up the price only to dump it. Well organized Pump and Dumps with new coins end up hurting unknowing investors. They buy into the hype and get left holding the bag. I have made it somewhat difficult to artificially pump Judge Coin as I have not announced any specific feature the coin will pursue. If people are pumping the fact that we are a long term coin then that is absolutely true as we are!
I am not here to be a financial adviser. I founded and manage the coin with a great team and community input. Don't put anything into crypto you cant afford to lose. That said the reason I posted my personal bio was I wanted to make people feel comfortable that there is a real leader for this coin. Too many coins are launched now with a lot of feature promises only to be let down. I am not promising any specific feature. I am promising a organizational process and my hard work.
What I can tell you that I am not focused on short term price gains. I believe that since we have a limited supply of coins the price will grow organically as more people find out about the coin and buy in for the long run. Many people bought in at sub 1k prices. It is natural for these people to cash in on their investment. I actually applaud those that believed in Judge Coin and my vision to start. If they want to realize gains then they deserve it. Without those early supporters we would not have been able to support Judge Coin with millions of coins being dumped by wafflepool and trademybit.
For all those finding about Judge coin now I want you to know that I am focused on long term building of the coin. New features will be introduced. I am not going to pre-announce a specific feature so that a Pump and Dump can occur on it. Right now the lead dev is working on the next wallet update. After that he will be working on the multipool.
We have a already vibrant and growing community. Please check out facebook, twiiter, and reddit! There are dedicated community mangers there.
Exciting times are ahead
If you ever have a question PM me here, on judgecoin.com or Twitter!
Judge Crypto