fuck.. i bought yesterday at 104k :/ now i see that 0,3 BTC can dump to 80k on bittrex.. every dayg we are going lower and lower.. what do you think, how low we will go? if blocknet will help us with price?
I think it is normal for altcoins to get dumped from time to time. It has been quite a while since we had any dumps in XC. I think XC is a good chance of recovering because it is generally regarded pretty highly in my experience. Also the team seems to be doing a great job.
I find the current developments a bit confusing, but I'm not a genius as far as understanding the details goes.
* General disclaimer: After trading financial markets for many years I have discovered that there is very little correlation between what I think should happen and what actually happens.
the problem i see here is that normally a dump follows a pump but we had no pump, the price is going downward for over a month now ~ when REV 2.5 was released.
seriously thou, check every single coin on coinmarkcap for the last month of trade, more than 75% have gone down, few coins can't be included cos they are only a couple of months old.
Yes there is a decline in price , but if you had your investment in any other coin you would be seeing the same thing, a slow reduction in price over the last 30 days.
There does seem to be dumping , there does seem to be an extra amount of FUD going on (and i suspect there is much more to come) , there was clear manipulation of the order books to make them look stupidly shit going on bittrex before.
it would be useless to say "look at it in the long term" because emotionally and impatience are telling you holding onto something at such a crappy low value that is just going to take even longer to see profit is pointless.
Most coins die off when the developer disappears /slowly stops working or is ignorant to everyone. Dan has been providing almost daily updates on bug fixes and has been working like a maniac. if you believe in the tech hold, forget about it and come back in a few months. keep it in cold storage and buy a few btc and day trade other currencies to pass the time.
But low volume and anyone with a huge stack wanting to exit is going to cause a decline in price which it looks like. (not saying this is a whale exiting so oh no they don't trust it anymore, it could be someone thinking (oh i want a new car) or any number of 1000 reasons)