This post was inspired from a recent tweet I saw. You guys think magically it's going to rise in prices? The only way it is going to rise in prices is if there is a whale in it who will put buy support to pump the prices. Or if there is no whale, then the community has to put up the support. These alt coins don't rise in prices out of nowhere guys. The dev can put out as many features as he is able to, but if there is no buy support or whale games in the coin, it will be doomed. That goes with every other coin out there. People complain about pumpers and whales, but they dont realize these guys have been the livelihood of alts.
Right now, there is no reason to buy the coin. I'm guessing soon there will be. Once that happens the price will rise as the demand increases. The only reason to provide artificial buy support is if you don't feel the coin will rise in value.
This is not a day trading coin. As was said before this is a marathon coin.... If you can't wait, or don't feel the dev will deliver then you should get out as soon as you can. But a lot of folks see the vision, and have seen what the developer has produced so far, and are now willing to back the coin. These folks, the MCL Community, won't be dumping coins for a cheap price. As least I hope not. They are always free to buy more, but buying to force the price to rise is just another way of saying pump.
I was in the faucet payouts early, I still have my original coins staking. I have not bought more coins. So I'm in a no lose situation. I've been in contact with the dev. Nothing mentioned that I haven't already shared. I can see the potential in the coin, and feel the dev can too. So I'll just sit back and see where it goes.
If you see the vision, then why haven't you bought more coins though? Btw Im just curious, I still hold my faucet payouts as well.
That's a good question. Basically, I don't want to put all of my eggs (coins) in one basket. I hold a few coins for the long haul. I'm not sure if I would have bought, had I not got in early. There is nothing pulling me to this coin. I don't need a trade bot, I wrote my own. Also I'm not a whale by any means. I hold maybe 8-10 different coins, some quite a few other not as much. I own quite a few different coins, but those are used by my trade bot.
And I'm a firm believer in "Don't trade, what you can't lose". Crypto currency is not very tasty or filling....
There are currently 1,001,103 MCL's in existence. I hold > .1%. A drop in the bucket really. But if the dev plays his card right I could see this going to .01 BTC. Which would give it a market cap of $3-$4 million. It's a penny stock I think could be a nice long term play.
Just my opinion.... Take it, for what it cost you.....