What is Chaincoin and is it worth investing in.
As far as I know Chaincoin went from 100th to 4th on the cryptopia exchange in 4 days. Many people are talking about the chaincoin and how it will only go up? Is it just used for fantasy sports games token? I would like to buy but don't know much about it and was hoping someone here might know? With everything else looking so bad I wondered if this token was any good? or just another crapcoin??
5 year chart..
All i hear people say is "this coin is awesome it has master nodes and a wallet" ?? why are these silly points even being mentioned? There has to be a better reason?
I can't find any reason why this coin token is going up so much apart from pump and dumpers pushing it. If you have a real reason you could share with me this might help? Thanks Gary
Have you checked the ANN on bitcointalk if there is still actual development? If not then it is probably just a pump & dump and not a solid investment. Besides, after seeing it pumped like crazy out of nowhere, you are probably too late anyway
https://bitcointalk.org/index.php?topic=422149.1100 but still I don't get why after 5 years people are now buying?
Same no news on there twitter either. I did my best to research this token but can not find any reason why it is worth holding other than people, just saying how great it is and how nice the wallet is. I was hoping somebody would know here?
If there is no reason why, then it's just a pump&dump. An organized group slowly buy in on these and then when they have accumulated enough without it being noticed...they pump in thousands of bucks to make it explode. This will get everyones attention and people who are not informed about this will think this is a solid investment. After a lot more people joined in the prices has risen dramatically and the original pumpers sell everything off and start the dump. They will exit with a big profit, leaving all second wave buyers with a pile of worthless coins and big losses... Dont fall for these kind of schemes, do some actual research and only invest in active coins with actual development and slow organic growth
I agree with you on being careful with these things. However I have been holding CHC for a good few months now and continue to buy. The CHC team have a roadmap up and they are working slowly but surely on reviving and making CHC something valuable for everyday use. Also the website was a total overhaul from what they had before. What you are seeing being pushed is more or a pump and hold scheme. I am invested I don't day trade. Masternode coins have value so thats why I am in on this one. But yes in this space proceed with caution.
The unpredictability is what makes it an interesting environment to move around in...the profits could be huuuge...then again the risk as well. Good for you that you were holding already then!
Now might not be the best time to buy in. Great if you bought even last week.
I agree pal.