Quote Originally Posted by Keith View Post
this looks very like a pump and dump to me , when there are billions of coins in circulation and the people holding billions that they retained when the coin was created and are dumping huge quantities into the investment pipeline it doesnt say a lot for their belief in the long term value of the coins otherwise they would be holding them for when they become more valuable and it also depresses the price and short/mid term price potential as the supply of increased probably more than the demand.
I'm going to keep an eye on their progress. The coin is performing well at the moment, and has a lot of support. So I'm in no hurry to dump my bag yet. If the company appears to be growing, I'll see it as a good sign that my investment is secure.

I'm ok putting $200 at risk for potential gains of $100k+. If I see a better investment I'll go for it, but frankly I want potential for 1000x growth, and I'm only likely to find such coins with low market cap, which means more risk.

$100m to $100b potential, that's what I'm looking for. This coin fits the bill, and has actual real world use. People selling their coins isn't that much of a concern for me, maybe they thought BTC would perform better than their coin and their money was better off invested elsewhere. Maybe they've reinvested after making a profit. idk, but if the company is growing, so too will the crypto.

I appreciate you flagging it though, I will keep an eye on them.