For me, personally, the price has gone up too much to purchase further. Not until I see the whitepaper.
I've seen nothing but pumps over the last 3-4 days, with all the supply under a certain value being wiped off the exchanges in one shot. Yesterday yobit, today cryptohub. Then dumped on TS at a higher price.
I don't think I'm even nowhere near 0.5% of the supply, but the fact that let's say, 30 some people could control the big majority of the supply makes me stop at this point and hodl what I have.
Small supplies also have their disadvantages. Depends on which side you're on, though.
Yeh that's far enough, I wouldn't be purchasing up at these levels either, I buy low and hodl, not buy high hoping to chase profits. Sounds like if you already picked some up then you're sitting on gains, so can't imagine there would be a rush to add to positions. Buy the dip instead, surely. Bare in mind however, despite the recent gains this week, the price has been gradually gaining in the last few months, so to me it's hardly surprising to see this altcoin double in value this week. There are so many tokens that have doubled or tripled, so it's not too sharp/parabolic as gains go. Especially given that it's a low cap coin, whereas others with similar market cap are up 500%+ this week, those are the ones to stay away from.
If you want to know what parabolic looks like then look at EOS
This only came under my radar at around 6k sats. So that's when I bought a few.
Of course you buy the dip, but since this coin is in ramp-up right now, I don't foresee a dip based on the past evolution. Or if it happens, the new low will be higher than the last weeks high. (hope that makes sense)
But usually what worries me is the manipulative approach to the markets instead of the more natural one.
I've been to school, lol man, I know what parabolic means
but yeah, that EOS to me reeked of fishiness right from the start, not to mention that clown of a CEO. Oh lord..
In general I agree, a dip could be higher than last weeks highs, but at least you'd be buying red which is better than buying green. The price you get in at isn't so relevant, I would be buying the oversold RSI on this one, rather than the coin at a set value, even if you're waiting for a while. That said, if this HitBTC listing happens then I wouldn't be hanging around waiting, but also the current spike could be based on this hype at the moment too.
Not to put anyone off investing, a lot of people are playing with profit at the moment so are a bit looser with investments it seems.
The last month has confirmed this with the incredible rise of small altcoin dominance against BTC and the top 10.