I anticipate people are selling off NobleCoin to repurchase tomorrow when the market goes live. By doing this, they will push the price up tomorrow, and effectively make items cheaper in regards to the amount of Noble per purchase. Sounds about right?
They'd hold less coin, giving them less buying power though?
Seems the better option would have been to hold what they have.
I'm thinking there was a bunch of talk that it would hit 500 by tomorrow, and once it was clear this is was not the case, people have started loosing interest. It'll pop back up big tomorrow though I think =) Wish I sold at 170 when I had the chance. Placed the order, but took it back out a few minutes later hoping it would hit 180. ugh
If noble hits cryptsy this week I think we'll see 500. Otherwise, tomorrow I think we'll hit ~200
I'll admit, the market is quite tricky right now especially with the issues regarding BTC, but I think NOBLE will remain relatively strong. Admittedly, if NOBLE hits Cryptsy, I think it'll be a bit higher than 500 especially because Cryptsy hasn't had substantial additions for a while (I think just VTC over the last two weeks).
thats not exactly true.. VTC was added about 7 days ago along with LEAF, MEOW and CASH..
As for the market.. well i havent really seen much difference in this situation and the China December Sell Off.. same story different reason.. price went to 500.. and as usual, the one's that sold at 500 will regret it.. and those who bought at 500 will rejoice..
if it follows the usual trend we will likely have an upswing in BTC to around $760 in the next 7 days... which will result in worse conditions for the ALT coin market for 3-4 days as people start liquidating their ALT investments for btc.. at that point.. we then end up with a crappy week of very little price movement on btc with noone buying... after that we will start seeing btc investments trickling back in.. followed by a short intense period of 4-5 days where we see some remarkable movements by various coins...
Oh right in between... pumpers and dumpers will likely choose one-two specific coin jack the prices up.. and then leave...
Noble has actually been performing very well despite the downturn.. doesnt matter if u sell now... or sell later... we are all a long way away from the 80 price..
I would like to state i am not clairvoyant... but a discussion on my observation would be nice..
Personally, I would like to believe that Noble will make a difference in the cryptocurrency world. Just because of the community thats being built around it... Even with prices skyrocketing the day before... do you realise we dint have anyone coming in screaming... "prices are being pumped... gonna be dumped soon... sell now.. else lose it all"... Do you know how rare it is to see that? Its great to see so many have such faith in the Noble movement.
i agree, on some things anyways.
in the short term, while following the patterns in the BTC market, i think you are within the ballpark. however in the months to come as local municipalities decide that attacking BTC is a way to supplement revenue ( because people are making them get rid of redlight cameras, along with other illegal sources of revenue that the police state has come to rely on). as well as the fact that the laws around crypto are completely within a gray area, that leaves interpretation up to the cops within each local. i can see much more volatility in the coming months. granted most of the attention is on BTC at the moment, however it isn't a far leap to other currencies. look at the case in florida with the 3 guys getting arrested for exchanging BTC for cash.
as far as your take on the community, i don't think we could ask for a better one. most of the people involved in Noble, are so, because of what it stands for. and i don't think any of us want to compromise that.
personaly i think that, in the coming months, a direct or indirect ( amazon gift cards for example) Noble to fiat rate, that can be traded as such, will give Noble much more stability in the long run.