The potential hasn't changed... That is what I'm asking. Why are people investing now that it's expensive and not yesterday when it wasn't?
I realize that this comes off as fud, and it sort of is. But I honestly want to know what makes these things tick to know what to look for in future investments. There was no new news, no new announcements, nothing changed as far as I can tell. Why did this explode?
Bystander effect is the easiest way to describe. Everyone will ignore something until one person steps in, then slowly more people will join.
And the potential has increased more day-by-day with JL developing, and the post with the IRC chat between the guys helping. A coin created under the premise that the community will help each other, is developing exactly as such.
Also, with other coins having higher focus at the time [VIA, CLN(This joke of a scam), VRC(With the Fiat, etc), Etc Coins] the investing community has been spread out.
Welcome to the nature of altcoins and trading/investing.
It's so funny that you think you learn a lesson from history, then history pulls a 180. Shibe was destroyed for having a name like Doge. I figured this coin would get attacked by the dark community and the bitcoin community since the name is a double ripoff. Then bam, 180. The only thing I have learned so far is whales use counter logic to win big.