PIVX PRICE HAVE NOSEDIVED. WHAT'S REALLY GOING ON?
Hello Steemians. I just checked the price of Private Instant Verified Transaction (PIVX) on www.coinmarketcap.com and discovered that the cryptocurrency, a fork of DASH, has taken a nose dive.
Private Instant Verified Transaction has lost about 100% of its value in less than a month. The cryptocurrency was valued at 2USD recently and now it's value, as at the time of writing, on coinmarketcap is 1.19 USD. I'm just wondering which way? Maybe the smartest thing for me to do would be to dump my PIVX coins or buy more.
Wondering the same :/
How into trading are you? If long term, buy and hold things you believe in, but do your research, theres a coin called torcoin at the moment that has all the hallmarks of a scam, one dev dumped $100k at $10 a coin 3/4 days into the coins life, crashing the price, leaving a lot of people in the poop. The same dev has dumped a few coins over time. Do plenty research, check buy and sell orders on the big exchanges, see how many coins are being traded, liquidity is also needed for price appreciation but also to allow you to sell if you need to. You can still make money trading scams but make sure it's only money you can afford to lose because often you don't know when the real big pump and dump is coming.
Great response, @blockchainuk ! I'm not so much into trading. My deep appreciation for your wonderful advice. Thanks a lot!