Hi all. As you all might have noticed, there is a new phenomenon in the cryptocurrency world: pump and hodl. Basically the principle is based around creating a (growing) community that buys into a coin, holds it and stimulates others to do so as well. They utilize Telegram groups to communicate with one another and Twitter / Youtube to promote it.
The best example might be Chain Coin.. The graph really speaks for itself..
And yes, of course there will be dumpers with weak hands. But thats the beauty of the concept: as the community grows and invests, more and more dumps will be bought up and hodled. Until there is no way but up and FOMO strikes. Since Chain Coin has taken off already, people are looking for a coin that might be on the same path. And maybe there is one:
Presenting, Siberian Chervonets (SIB) - available on Bittrex:
This one is really just starting and has already a lively community of over 1000 participants behind it. This community is all about promoting good projects. They do not only want to pump and hodl, but also create real value for this coin. Cause we all know it's easier to make money on good projects, than in dead coins.
As you see in the chart, the first signs are there, that this coin might take off in the same direction as Chain Coin. Just like Chain Coin it is backed by master nodes and blocked coins, meaning the supply is even more scarce, which makes it even easier to move the price up. Since it is still in the early stages, the possible gains are huge, as the community has set its first target to take the coin to $100 within a month. When the price finds support on 0.001 and volume reaches 1000 BTC daily, the fomo and greed will be unstoppable. You sure as hell don't want to miss out on that, do you?