price is going up like a lot still, I think it is a total scam coin, no backing up by the government, just some dude saying he will give it away, but no good plan to make sure it will happen correctly. still... the price was going up like steadily, so I bought in for $100 USD. Immediately the exchange prices plummeted and I wanted to panic sell. After a long ride (and I am assuming more speculators jumped in) the price was up. Went to sell in small amounts and as I did so the price just kept on dropping. Finally when I sold all, the price shot back up. Very suspicious. Anyway, it was at least kind to me, but it really seems like this is a massive scam and the people putting in last will be left wondering what happened. For sure the dump will start before the actual drop as the drop will mean a massive dump, but how long before? At least today was okay.
my friend, you need to learn some basics of stock trading, it's similar. If you buy at the peak of course it's going to drop. If you think the price is too high and people are starting to sell off large amounts, wait for it to come back down, because it always will.
How do you tell where is the peak? For one, pay attention to the supply and demand amounts, and the velocity of the buy/sell transactions.
