I went ahead and transferred about 90% of my crypto holdings into carmacoin, the fees, gas and "tax" took a fairly sizable percentage of my capital, however the "tax" on trading the coin has paid me back a few million coins already and the coin itself is up almost 50% from when I bought it so I'm already holding at a profit.
I realize that this could just be a flash in the pan, but the potential rewards seem well worth the risk. The people who are buying into this coin are super excited about it, and one thing I learned as a salesman is that excitement is infectious, and the more people that get excited about it the more they will be happy to buy again and again.
The market model is fresh so I think this thing has a lot of potential to grow. My purpose for the post is to ask some of the more knowledgeable investors (geo specifically) what they think about the team behind this particular coin and what they think about the market model that this coin is using.
I know from experience that people often will pay three times what something is worth in order to "win" it. Look at the slot machines that give away cars and such. People love to gamble, and somehow this coin has mixed the fun of gambling with the righteous feeling of being charitable and then topped it off with the cherry of giving all carmacoin holders a percentage of every carmacoin transaction.
I'm a little star struck on this one, so I'm asking for some of the more grounded crypto players to help me pull my head out of the clouds before I cash out the equity in my home for a ride TO THE MOON!
Seriously tho, is there any other start up coin that has had this kind of momentum behind it? I feel good about this one and I can't help but encourage others to buy since I get a cut of the transaction tax.
When I made this post the the price was roughly $.00000005 and the 24h volume(800k+) has just started to decrease after quadrupling in the last 24hrs. The coin is supposed to be listed on a "major exchange" this Friday, so that has me speculating that the price will increase exponentially.
Edit: it appears as though the 24h volume dip may have just been related to rush hour because the volume has recovered and is now nearing the million dollar mark.
Second Edit: 24h volume has broke 1.6 million. 6pm EST.
Thoughts? Analysis? Criticisms? Jokes?
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Only tradable on PancakeSwap? $1-2MM in daily trade volume is not very liquid for large-ish accounts, meaning that anyone who does hold a lot of this stuff, can really crush it quickly if/when they exit. Not particularly novel in its approach, although their marketing is clean and clear, which can give it some room to run. Unless I'm watching it actively for short-term swing trading, I wouldn't own it.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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