1.6% premine is just a little scary. What's more scary is I just bought 4,000 coins. O_O that is like double the premine.
It's a game of chicken. Buy and try to not be the last one to sell. If the dev comes through with something cool then the bagholders profit and if the dev doesn't then at least we got out and hopefully the whales are the bagholders and can take the hit.
Techcoin is still trading at a super low price....Once the dumps stop...It will climb. The coin is already worth much more than it currently is, now is a good time to buy in if you weren't able to mine much.
This coin is worth as much as someone pays for it.
At the moment, this coin has nothing, no services, no new innovations.
There is no reason for the increases, unless the dev alter the approach and begin to work hard to implement something new.
It's not even important premine, which at the current exchange rate is little worth.