Whats with all the dumping tonight on Cryptsy and Mintpal? 33 Litoshi? Seriously?
This pull back was expected, you have to think; there was an all out frenzy to get as much Karma as possible by many investors to meet the LLC shares deadline. This skyrocketed the price instantly. A pull back was anticipated, the price and volume will start to build again as soon as more projects become public and Karma receives more publicity around the net. The LLC is still in its infancy, riches and success doesn't happen over night. The people unloading now don't care about the coin or its purpose, they were just in it for a quick buck and as soon as the coin didn't continue to go up they finally got scared or board and just unloaded. This is not a pump and dump and in the end i believe the most loyal will reap the rewards, as that is good Karma. The beginning of any venture where you are a pioneer in your sector is always a roller coaster ride and if you are not in it for the right reasons you could very easily end up with an upset stomach. If Karma will succeed or fail only time will tell, all i can tell you is there are allot of Karma team members that are busting their butts to make Karma succeed. All i can ask is if you are an investor or a fan that has any type of dev or tech skills that you can bring to the table let us know. All projects are developed by Karma investors and like everyone they have some limitations and day jobs so the more we help each other the faster we can pump out awesome products to blast the Karma value and volume to the moon.
This is true. I'm wondering if it's going to keep going down or if this is the time to load up on them...
Price has been bouncing between 40 and 33 for a while now. It might go a bit lower still, there's a lot of sell pressure being applied. Support level seems to be 30+ litoshi though. That's where it bounced off after the first hype was over and that's where it appears to be aiming at ever since. So if you think about getting more Karma, that's where to put your buy order at.
Anything below 40 is a good deal though, it won't make much of a difference in the long run. Karma will not remain a single-digit satoshi coin forever.
Karma is very different from the rest of the cryptosphere right now. Almost like an island of calm and peace in a sea of storms. Right now everybody is focused on the newest coins, every dev starts hyping their coins like crazy with all the latest catch-phrases and trendy features. 2 weeks later almost all those coins are dead. There is money to be made, if you catch one of those early enough. It is far easier to loose money on them though. None of these coins are safe to hold for even one night! Karma you can buy now and not worry. Even if Karma looses another 10 litoshi in worth it will recover and in the long term grow much stronger. The only other two coins that come to my mind as similarly "safe bets" (no risk of loosing 80% value overnight), but with long-term potential, are Vertcoin and Unobtainium.
