#Magi #XMG on the road to next weekend!
I must say last few weekends are not boring for Magi.
What will happen this time?
That looks stable
No boring!
Haha not for a long time i hope
LOL, I was thinking that there hasn't been much action for a while and that graph shows it. Things look very stable - in the past with magi that has usually signalled its the 'calm before the storm'
To much Magi dumped in short amount of time, growth is stopped at 9000 by ppl that wanted to accumulate at lower price and daily traders by spreading panic. Now it will stagnate for a while, if growth was not stopped by them at 9000 there will be more new buyers and dumpers could continue to do it with much higher profit even daily traders could earn more to this day. That is karma, greed never pays off, ppl should never stop growth of coin
For now there is no much buyers, 10btc vs 500btc. Magi needs to get attention from new buyers again by pumping price back to 9k maybe even 10k satoshis to get back to that point.
three options;
1: BTC start to crash, dumpers panic and dump all of they coins back to 3000 satoshis
not bad for long term holders to accumulate more
2: Daily traders start pumping and buying from them self's small amounts back to 9-10k satoshis loosing gains in that process
really good for long term holders
3: Magi stagnate until Joe and others implement new stuff and price start exploding
Really great for long term holders
So its not boring at all if you are long term holder and you believe in Magic
