The worlds first pump and hodl is being conducted with chaincoin, in contrast with pump and dumps their group keeps buying and holding CHC, since they can make master nodes with chain coin this encourages them to hold the coins. The guy who started this group makes videos on this youtube channel: https://www.youtube.com/user/HighOnCoins.
You can find their slack group here: http://bit.ly/2uYIWP0.
You can see in the graph that chaincoin absolutely exploded when they decided to do this.
The price seems to be around 0.50$ now.
However I'm not sure, what the intent here is. If they buy and hodl all the coins of course the price will increase but if no one buys the coins other then their group then their money will just be looked up on the coins and if someone sells someone else on their group will be fucked over.
If the coin has no plans to expand and be used by others outside the group then there's no reason at all to invest on this coin. Unlike NLC2 that will be 1$ in the future do to the demand fantasy sports will bring, chaincoin doesn't really offer anything to increase demand.
So it seems to me that this is just a very slow pump and dump, because as the people who bought the coin realize it's not going anywhere they'll eventually dump the coin, lol.
Tell me what you think, is HighOnCoins right about this going to 100$ by seizing all coins and the means of production(master nodes)?
Or are they just tripping over them self's?
