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RE: What is Chaincoin and is it worth investing in.

in #chaincoin7 years ago

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

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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.

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