There is a great deal of confidence to take from the rises of several alts by upwards of 50% over the past 24 hours.
Firstly, It should that money is coming back into the Alt market - new investors means in general we should expect Librex to increase as its one of the 'top 5' on Bittrex and probably equal with another coin in terms of 'most promising'.
Secondly, the rise of these other coins means that Librex is now seriously underpriced. It's not so much a matter of IF the price goes up but WHEN the price will go up.
We are witnessing some rampant price manipulation by someone with far too many Librex for his own damn good. He has stifled the rise we had going yesterday and prevented Librex was taking off on the great news we had delivered.
I notice that we have had people buying large chunks of coins and thats fantastic but we also need people to add to the buy wall currently in place at 4020. This promotes investor confidence and allows people to not be scared off buying when some asshole comes along and puts up a low ball sell wall.
We are unfortunately going through a process of 'weeding out' those who bought in cheaply a few days ago and contrary to all advice they will be given these people will INSIST on selling low. We need to simply keep buying their coins. If it takes 100 Bitcoin to get them out the market then lets do it. Eventually there will be no one left willing to sell and the price will shoot up to the next target of 10,000. We should be aiming for 20,000 by the end of the month and as long as positivity and confidence continues to flow back into the Alt market we will see that happen.
Stay strong, keep promoting the coin, emphasize #5outof5 in all your tweets and posts and lets get investors attention.
This game is less about having a coin with killer features (although that helps) and more about marketing -we have to make people NEED to buy Librex, play to their concerns around scammy devs and empty promises - show that Librex devs mean what they say and say what they mean - they get the job done. Highlight its comparative undervalue and tell them how they can now use CoinGateway to buy from anywhere that accepts Bitcoin.
It's going to be a big 12 hours - I expect 6000 minimum and more likely 7000 by this time tomorrow. I cannot see it any other way as the market stands right now.
Some excellent points here HTL.
We do have an excellent Dev and stand up community.
The features that we do have work perfect.
That drop in price we had previously, should of got people in the coin that maybe were not in at the old top price. But like you said we have to shake some of those holders out that want to sell low. Now with more people in the coin, iOS wallet on the horizon and being added to more exchanges, I really have to agree that the next 12 hours are going to be very exciting to take part in.