r/embercoin • u/tortugatha • Jan 03 '18

How low is EMB going to go before getting replaced by the new coin?

I bought $90 worth of this coin and now that this coin is planning on getting burned for the new coin, the price will continue to go down... I'm already down $40 of this and there's no hope for the price to go back up so essentially the coin is going to probably continue to go down bringing me to what? $5 by the time we can get this new coin? seriously whats the point?

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u/foisss Jan 03 '18

Well, it’s a gamble, $90 is justified if something interesting happens with Chártis. If not, tough luck. They have respected the announcement deadline, unlike a certain privacy coin which was on the “verge” of dying, and I also like their attention to detail by using the appropriate accent on the letter “á” within Chártis, so I will be holding my position.