Zeitcoin continues rise another 20%, after 150% weekly gain.
Zeitcoin, the high yielding proof of stake Mintcoin clone, has climbed another Satoshi in value today to 6 Satoshi.
.jpeg)
Last week the coin rose from 2 Satoshi to 5 Satoshi, for an impressive 150% gain.
My hunch is a correction is in order, followed but a continued move to the upside, but I would've guessed that yesterday. Any moves to the upside in this coin means big gains in percentage terms.
Does this particular coin trade enough volume for something such as a correction to take place? Corrections are generally the liquidation of a market saturated with stop orders. The people buying this coin are not "trading", but most likely "investing" in the coin. They are unlikely to fill the coins market with stop orders. The market would mainly be made up of incoming buy orders and panicked sell orders!
Just my immediate thought on the situation! I appreciate the post...I'm definitely going to look into this coin now! I'll follow you and hopefully catch more investment, trading, money, coin, etc posts!
In reference to the person who commented first on this point...its amazing how many followers these people can gain just by copy and pasting the words "I followed you, follow me back" kind of thing. The mere suggestion to people to follow them back has a huge impact on the amount of people that actually do follow them back! Just a thought.
Great point. I guess by correction it would mean more that coins may come onto the market at a lower price, so the price may briefly dip. Would be a buying opportunity. Thanks for following, and lol.
Welcome to Steemit :)
I follow u, follow me back if u want lot of fun and amazing picture every day.
Thank you :) Following back.