Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: pokxon on August 07, 2018, 07:28:06 AM
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I'm seeing the altcoin are having the pump signal in the right way in the market. Although bitcoin prices have dropped and are not rising sharply during this time, the price of the altcoin being pumped by the pumps makes some fomo effects to make new investors feel excited about the market. But that could be a deadly trap for those who do not have the experience to lose their money.
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it is true that if we want to invest we should have extensive experience in determining the market, so that we can get a big profit and can avoid huge losses.
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that was not the reason dude,if you are ever joining that kind of group you should understand what i am talking about.
market was not affected by those kind of group but instead the project itself.
but it did not push it too much but instead they were creating an opportunity for themself instead of pushing the market.
for example OrangeCoin,on their group they will ask you to buy it because it will go up in a few days later.
but the fact is that coin gets pumped before they are telling you this for 20% but its total volume did not exceed/more than 1 Bitcoin.
those kind of group took a profit from their members for at best around 1 Bitcoin or even less than that,so assumeing them pushing the price and creating a FOMO for the market itself was false.
the only who has a resposibility to create those kind of FOMO organization or corporation,not pump group.
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well altcoins just went down to the prices they had last summer. that can be a good sign however we see that all the money goes from alts to btc.
Unless fresh money comes, we will continue this bearish alt season. I am actually really worried about it.
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Yes, you should know before trading how to increase and decrease crypto in the market. this will help to choose the right time to buy and sell crypto.
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in my opinion it's not the right reason because you have to really understand because it's just a group that doesn't push it too much. Instead they create opportunities for themselves rather than push the market