Its obviously going to be dumped at some point in the next 24-48 hours, so yes I'm waiting - the question is, how many jump off and what will the price be? I'm thinking it will likely drop back to 0.0025 but maybe we have some pumpers who will hold and it won't drop that low - thoughts?
This is not a coin like BC. You can wait until you are black.
This is DRK - which will change the known crypto world !
I've been on these pages for some time. Im a believer in the project and have mined and am holding a fair few coins. It just seems obvious this is a pump - everyone doesnt all of a sudden think this is the best coin ever! I understand we needed a correction to make value fair but this steep of a climb smells fishy to me.
This is a great coin no doubt, undervalued for a long time. Saying that, I've never seen a chart where a coin pumped 5x+ in value over a short period of hours to a couple days that didn't finish with a massive, fast correction. Some coins like Litecoin recover but never to that high, most coins fall to nothing - obviously Drk wont' fall into this shitcoin category.
Be careful falling for the hype, this is how whales end up with so many coins, they sell at the top and buy when there is blood, despair and panic.
It's not 5x, it's 3x.
Price movements of DRK have traditionally been in the 2.5 - 4x steps.
Early February: 0.00007 => 0.00018 (2.5x) STABLE
Early February pt 2: 0.00018 => 0.0005 (2.8x) STABLE
Mid February 0.0005: => 0.002 (4x) STABLE
Late February pump with hacked BTCs: 0.002 => 0.008 (unstable) => massive dump from btc hackers => 0.0012-16 (stayed there for 2 months)
Mid April: 0.0012 -> 0.0016
Late April: 0.0016 -> 0.005 (3x)
Compare this with some shitcoin pumps of 10-15-20-50-100x
That's because Darkcoin is the only coin besides Bitcoin that actually has something to offer. Litecoin's scrypt algo is going to be overrun by ASCIS's soon, Darkcoin's x11 algo won't have an ASCIS touch it for many years. Coins like Darkcoin aren't ones you see everyday.
First of all, I'm an investor in Darkcoin. With that being said, I've heard the same thing said about Quark and Blackcoin. I've been lucky enough to be apart of both of those pumps. Each coin says they offer something that no other coin offers. With Quark it is several layers of security. With Blackcoin it is PoS to buy Blackcoins to cause the price to go up. I've read the [ANN] of several other coins as well. They all say that same thing.
I'm in it for the money, not to be a bagholder of a coin like I was with Quark. I sell on the upswings in price. When Darkcoin gets dumped from this pump (and it will), I will have sold my coins at a much higher price than I bought them for just like I did with Blackcoin.
I wish you luck with your Darkcoin. I hope it never gets dumped. But if it does I will be ready to sell. While Darkcoin may be a great coin, the features of the coin are not what is causing the price to rise so dramatically. The reason for that is a pump in price.
You are right, I'm still waiting for the dump that will drop BTC back to $1 ... isn't this what you were saying?
To anyone saying this is a pump:
Do you see any buy wall moving the price up?
Do you see a selling wall to set the pump?
Don't you see the network hashrate around 30Gh/s?
Don't you see the diff over 1000 most of the time?
Reward at 12-13?
Almost 40 masternodes even now that payment is not yet out?
The reason why the price went up is because the recent Press Release made many new people aware of DarkCoin, they found out about the future features and understood what will be happening during the next weeks/months.
Of course many opportunistic people jumped in, hoping for a quick profit, and I'm sure many got it, but don't expect "a dump" because there wasn't a pump.
And please, from now own, discussion about the price here:
https://darkcointalk.org/forums/speculation.34/