Sell your MCO before midnight Aug 30th - page 5.

greyworld

full member

Activity: 168

Merit: 100

Quote from: erikalui on August 29, 2017, 03:15:49 AM

It won't be dumped soon. It was earlier $0.75 when I sold it and I had no hope of it reached $25 today but it did due to the high demand. It was $14 few days back and then also people were selling their coins thinking the price would drop but it did not. MCO app is going to be launched within 2 days which means there would be another big pump by 31st.

I think you're wrong.

I bought 3 at about $14, watched it stagnate at $12 forever, and when it hit $38 or so, I sold 2 and kept one. Then it kept going (in retrospect, I wish I had just held, but I have a strategy and I'm still refining it). So I have one for free, and since then have bought, sold, bought again, sold again, and basically could buy another one with the profits if I wanted to. I'll be selling half the freebie when it hits 615k-625k tomorrow, holding the other, so we'll see. If it craters, I'll use the 307k to buy another one at cheap rates. If it doesn't, at least I still have half my coin to profit from. I'm pretty sure it will drop like a rock.

Rakabel619

full member

Activity: 322

Merit: 100

I wont sell my mco , if he almost reached 30 usd , why no 100 usd reach ? I will keep them for a long time even if here will be a big dump

greyworld

full member

Activity: 168

Merit: 100

Quote from: xtimus on August 29, 2017, 03:05:14 AM

If I had MCO I would sell right before the news comes out. Possibility of bad news or possibility of news not boosting price much higher. Buy the rumor, sell the news.

News is burying the lede here. The real news is that in about 40 hours, the circulating supply of Monaco is going to go way up. I'm not sure how many the devs have, but there's 9 million in circulation of 30 million total. So presumably... 21 million. Terms of their ICO states they can not sell those coins until the app comes out. That means on Aug 31st, the value of MCO will drop a lot, probably to half or less, as the devs liquidate their coins. They'll blame the news and 'a fickle market', but it was really a massive influx of new coins on the market that will do it.

Sell, and then rebuy, and watch it recover (it will, not to current levels, at least not for a long time, but it'll recover a lot from the dump).

erikalui

legendary

Activity: 2632

Merit: 1094

It won't be dumped soon. It was earlier $0.75 when I sold it and I had no hope of it reached $25 today but it did due to the high demand. It was $14 few days back and then also people were selling their coins thinking the price would drop but it did not. MCO app is going to be launched within 2 days which means there would be another big pump by 31st.

stunvn

full member

Activity: 266

Merit: 100

What the hell. There is no way VISA will accept this?

I hope VISA guy will sue someone behind this scam.

xtimus

member

Activity: 69

Merit: 10

If I had MCO I would sell right before the news comes out. Possibility of bad news or possibility of news not boosting price much higher. Buy the rumor, sell the news.

greyworld

full member

Activity: 168

Merit: 100

Hmm well the pump/rally came when I expected it to but it's not hitting the target I thought it would. I think it's running out of money and can't get through some of the massive sells showing up. I bet they'll get it stocked up with more BTC before tomorrow night though and run it some more.

greyworld

full member

Activity: 168

Merit: 100

Quote from: Bowtiesarecool on August 29, 2017, 02:23:39 AM

Now, with you telling people to sell off and some people scrambling to sell off, somebody's scrambling to accumulate those selloffs...hmm...

Well don't sell off now, they're still pumping it

It'll hit 650k - 700k for a while before The Great Dumpening.

Definitely do sell off before the app releases though.

Bowtiesarecool

sr. member

Activity: 1050

Merit: 295

Now, with you telling people to sell off and some people scrambling to sell off, somebody's scrambling to accumulate those selloffs...hmm...

greyworld

full member

Activity: 168

Merit: 100

in a few minutes it's going to pump again, will probably peak about about 612500 sat, then ebb, idle for about a half hour, then do it again. I think that pump will peak a little over 650k sat. Then it'll probably idle, another little mini pump to recover from profit taking, and sit around 650-770 a while before there is a massive dump and it'll drop back down to 580-600 for a while. After the massive dump there will be a couple mini pumps that get smaller each time, an hour or two of not much, then the whole cycle will repeat. I think that time it'll peak around 720-750 at maximum pump.

Better get out a little before max pump though, the very second the devs can sell their coins, they will, and the price will crater. It has nothing to do with the Aug 31st news or the Monaco app. No one cares about any of that.

EDIT: Much of the guess work above was totally wrong. Timing was right, anticipating the dump was right, but the pump targets: totally wrong. I think the bot has dwindling reserves of coin to further pump the coin up. Maybe they'll stock it back up tomorrow.

greyworld

full member

Activity: 168

Merit: 100

The price will crater on the 31st. Buy it back after it does, it'll probably recover a lot of value. But it's being inflated right now by bots and a dumptruck of money, so that when the devs can sell their coins on the 31st they'll get more for them.

Topic: Sell your MCO before midnight Aug 30th - page 5. (Read 3470 times)