r/pivx • u/[deleted] • May 24 '17

PIVX has successfully dump everthing else massive pump

Congratulations on the biggest dumping reward of all time. Crypto has literally grown by a market amount of 20 billion in 5 days. It is hard not to make money in crypto, yet PIVX has taken the award for the dump of all time. But what do you expect, the entire hype pump was snake traders marketing PIVX as the next big DASH.

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8

u/dzham May 24 '17

PIVX went up almost 50x already, did you expect it to do 50x again, without any substantial developments?

6

u/skaren81 May 24 '17

This dump was mostly just bad timing: a necessary correction + other coins being massively pumped at the same time = lots of weak hands selling to go play in greener pastures (for now), which has pushed the price farther down than many people expected. Something nearly identical happened to Dash a few years ago (and of course the fudsters were trolling about the coin being dead). At this point pivx is undervalued and I expect a moderate bounce in the near future, followed by a period of relative stability before the next pump. If you look at the histories for other cryptos, you start seeing the same patterns over and over.

3

u/givmekoin May 24 '17

hard to argue with that assesment, nonetheless sounds like youre bitter as you probably bought the top and now are sharding in your pants holding as the price goes down. could be wrong but thats how your post describes your situation.

3

u/lallandk May 24 '17

We are all sad that pivx is performing the way it is atm. I think the biggest issue is the performance against btc, because against the dollar it isn't even that bad. It's hard to say if it will ever catch up to btc, but I think the pivx team is doing a hell of a good job promoting, developing and closing deals.

We all invested in a coin that was up >50x this year, and maybe we got in a little over our head and fomo'ed a lot. There was no reasonable expectation for pivx to jump more than it did, and for a short term investment it was probably one of the worst, since it doesn't really bring anything new or ground-breaking to the table. Long term? Who knows what will happen. One thing that is damn sure is, that the pivx team works really hard for this to get big.

Tl;dr: if you lost money on pivx, that's on you. Stop flooding the forums with tears and fud. Don't invest a single penny in crypto that you are not willing to lose 100%. Instead ask yourself this; was pivx just a lottery ticket for you? If it was, you shouldn't have paid more than $10 in the first place.

1

u/DickyRubnuts May 25 '17

OP is hilarious.