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.
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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...