My thoughts:
Volume on Bittrex during the pump: 17-18KBTC, today it's at 7K, might drop more. However the price is holding, people aren't letting it drop as more new money/members come in. This is a really good sign, all while there are some serious pumps going on in other alts. I would usually maximize this, dump a lot to make gains elsewhere for the day, and come back to this at days end to pick up more with my gains... but I'm not touching it, probably for a few weeks (stop losses/extremes aside).
The weekend is about to roll in (usually slow for alts, but lately not so much), daytraders take a break, weekend traders come in, and on Buy-Back-Monday we get more announcements. So I think if we see any more pullback it will be both shortlived and marginal, not enough for me to play the swings or risk variable change happening as I maneuver. Kinda feels good, just sitting back and disregarding my other positions atm. I got in at 00008, 9, and 10. Zooming out on the charts, the 'steps' look very healthy, higher highs and higher lows each step, the next wave looks like it will be the biggest too as we look at the volume halfpiping peak to peak nicely, I see great things ahead.
The marketcap is rather insane for such a new coin however not really when you compare it to other rises of 'good' coins (omg, neo, etc) with good teams. This is still a baby, but also as close to a 'sure shot' as I think we'll see when combining all the elements of what make a coin moon, stay there, and moon again, I do see this as a top 10/20 and staying there. Not to mention this one just feels good re their objectives, restricting coins in circ, locking pre-mine for x years, and of course current use cases (we all love the planet/renewables/etc), this will cross pollinate well internationally as more people discover it.
It did get me thinking about the big picture though, will the world really let a little AUS company run the worlds electricity, or will each region start to develop their own, go down exploration roads to try to mimic PowR only to get lost and join them to lessen the gap and lose money in the interim.. or would this be easy to deploy once first to market is positioned and can be blue-printed. Either way their current moves and international deals are impressive, Monday should stimulate price action, and by then the eb and flow of crypto money moving around pumping whatevers next might take us over a $1 anyway.
.02
Thanks for your answer on this, some considerable thoughts in there! Especially about the copycats that will surely come in a matter of time. I certainly dont think that "the world will let a little AUS company run the worlds electricity". One must think of all the money that is in the energy sector. Established corporations will enter this ship and demand their share of the cake, thats for sure. Although I really bought the peak and the price kept declining since, I am still happy that I now got me some POWR and am certain that this has a long road of prosperity ahead. Good on all that are in now, there is only one direction for this coin in the long run!
I know this thread is to about POWR, so I guess you misunderstood my question a little bit, because what I meant was if you think that there will be a general retrace in the whole market. Such as dropping below $200.000.000.000 total market cap anytime soon again? Or do you think that money that goes in crypto, stays in crypto?
Great weekend to you and all POWR fans!