As predicted last week, Primecoin is down more than 50% from peak.
Looks to me like a good opportunity to buy for a quick flip. Don’t do this unless you can watch the price like a hawk and have your finger on the sell trigger when your bet pays off. 10%-20% seems reasonable.
Or hold out for more and… no. Lock in gains and don’t get greedy.
Long term prospects for prime coin are quite unclear to say the least.
Up 37%. Time to sell.
Could it go up more? Yes.
But it’s important to lock in profits.
Full disclosure: I didn’t make this trade, due to thin volumes, time cost of moving funds around, and other matters pressing. Hopefully somebody benefitted regardless.