Chain coin (CHC) has been going up crazy, it will be added to Bittrex next week and the price will jump to atleast 5 USD~
Right now its only on Cryptopia, but the charts are crazy.
The coin is full of whales, no one is dumping.
I just want to tell you all, if you are willing to make money - get chaincoin and you will 10x your money by next week.
It is currently the cheapest Masternode coin, making 2 USD /day right now.
this is crazy! I was about to sell my 1000chc for 90usd some time ago, I can't believe the price shoot up! now I'm holding :)
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BITCOIN IS THE TITANIC WE ARE THE ICEBERG THAT NEVER MELTS ! CHAIN GANG
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But you'd have to put a LOT of trust in these whales..
Eventually -somebody- is going to end up holding the bag.
You can't resurrect a dead old coin only with hope... Especially not when other coins have actual purpose and value.
I'll be following Chaincoin with interest though.
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I know a few whales personally, they ain't gonna sell it anytime soon. They just bought it and are setting up multiple masternodes.
The developers are currently finishing their scripts to get the coin on Bittrex.
It will get added to Bittrex very soon and then it will explode. The coin is really good, its definetly the best masternode coin after:
Yet Chaincoin is still super cheap.
Besides that they are going to change the rewards a bit, so Masternodes are going to be even more proftiable
Whales are stupid if they sell it now, as it will atleast go to 5 USD
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HODLING For the Long Term! My only regret is I wish I would have bought more the other day LOL. Still Hodling all my LTC though :) LTC and CHC go well together.
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Yes, I understand the logic. Maybe if you know these people personally it's different. For an outsider.. I dunno.. I'm not so rich that I can afford to lose much! I will likely regret not getting on the train. I already regret not getting on, just for laughs, yesterday. Maybe I still should?
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Okay, that HighonCoins guy is so addictive to watch. Maybe this is the new Dogecoin-style community coin of the future? I decided, what the hell, why not. I went and got some ChainCoins for a small amount. HODLing for the Moon!!!
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nice!!!!!
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If they sell there's so many people that wanna buy in especially on a masternode. The whales will regret it in the long term. Lots of support on CHC.
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Once CHC starts trading on Bittrex, it will be game over. Here's why:
The main reason why the CHC community (up till late yesterday) has been able to (artificially) keep the price up, is that its 24h volume is pretty low and it only trades on Cryptopia.
Now, if you have a decent community, these circumstances make it possible to, at least temporarily, pump up the price of a coin. But this can't go on for long, even if the coin would keep trading on Cryptopia exclusively. To keep the price up, people must keep buying. But, eventually, people will run out of cash and/or the desire to put more funds into CHC and then the "buy walls" will come down (hard and fast) and so will the price. Keep in mind that "buy walls" to support a price (in a downward trending environment) implies that someone pays the prices (and gets screwed). No-one will endure this long.
If the coin does start trading on Bittrex, it means more (potential) buyers, but also, more selling pressure. Hence, more need for buy walls. But where will these come from? Who will want to put up funds for that? Given the size of Bittrex the 24h volume will increase significantly and the community will no longer be able to control/manipulate the price, i.e. to timely cast up buy walls. Moreover, they'd need to spread/allocate their attention and funds across to exchanges then. And the "community" would grow in a way that it'll be no longer possible to keep everyone within check. I mean: not everyone will want to HODL and buy more to pump the price.
I may be totally off, but my view is: if CHC starts trading on Bittrex, it'll be dead before you know it.
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But then on another perspective is, some people prefer to wait for the coins to be available on a more well known exchange before they buy into the coin. That's possible too, I know I was one of them. :) It's the community that drives up the prices not the exchanges.
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The influence of the community is limited, both in time and in value. Markets will catch up, eventually and then they will be in control: 2,000 people with USD 4mio cannot compete with a million of people with a billion USD...
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Yes, actually a community is holding the coins and it depends on how much of the total circulating supply they actually own. As you said, it will potentially be game over if the community has like a small proportion of the supply ... even if they have a huge part of total supply in possession, it will be a big test for the greed which is quite prominent in crypto space ... people simply don't have patience ... so let's see ... if they have over 80% of supply and if they are willing to withstand their greed ... so far as I can see, even in this bleeding bearish market they have stood really firm!
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Very interesting post to read! Good to hear another person's viewpoint, especially about community support versus market forces and large volume traders. I would be very interested to talk to you more about your insight to communities and trading within the crytpo markets.
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I have bittrex only so how can I buy chain pin now or is it too late?
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Oops I mean chaincoin
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its not on bittrex yet! Transfer your BTC to cryptopia and buy CHC there
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WELCOME TO THE CHAIN GANG
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Great post. And since then CHC has exploded! It's been a roller-coaster ride! Also, chatted briefly with you on RandomTandems youtube live stream. Didn't know you were a pro model, (I'm pro fashion photographer) so it's great to meet other creative people who are into cryptos! Stay creative!!
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