in my stupid opinion, LGD is a club coin, i saw last few spike like a small one on wednesday 16.08.and another huge spike before weekends, and there are a few tweets on LGD offical some photos AFTER party. yeah, party is over I think someone still have some LGD are stripteaser who just received it. When people realize party is over, at least from thier official tweeter, there is no demand anymore, If i went to LGD club at weekends after enjoy that, i ll sell LGD which left on my hand. Nobody goes to club on Monday i think.and people will buy LGD when they need (buy some beer in that club,scan QR code to watch stripteaser dance)
Hope you will read this, that is my opinion and luc's method : Read the story behind the chart.
Thanks a lot
So would you say just wait it out till the next major event or possibly the weekend when people are hitting up the club?
https://motherboard.vice.com/en_us/article/qk7g8p/a-las-vegas-strip-club-is-making-it-rain-cryptocurrency
Im struggling with thinking is this actual "bad news" or just the way this coin behaves, I think it will spike again. There doesn't seem to be actual bad news per se. And if you read the article it looks like the club is going to keep using this coin. I think the real bad news here would be if they decided the experiment is up and no longer use this coin they created, but I don't think they'll do that. The real world purpose behind using the coin for people going to the club is to hide their spending habits......so my plan is to wait for the next spike (hopefully this weekend) or the next decent fight and then get out and probably will leave this one alone, unless we see clear trends of huge pumps right before a fight or something.
Looking back this coin has pretty big drops historically and seems to always recover. I'm in it also and the impatient me was considering selling for a loss, but in reality it can take some time for some coins to bounce back (take a look at time frames between bounces on some coins). I'm holding on until we get some sort of bounce...