Thanx for the guys who sent me 9 BTC and the thanks messages. The advise i gave you earlier about cloak is free. As i mentioned earlier this morning i told everyone it was the best time to buy cloak because there was a dip in the price and this was a sweet spot to get some cloak.
I told everyone this was the opportunity to get into cloak, and those that did are enjoying the ride. Those that panic sold let there be a lesson
Now you going to have buy back in .
I Repeat once again Cloak is not a PND coin, this coin is going to explode this year. Those that doubt me check my post history , you will see i was advising people to get into cloak since there was a downtrend.
I tend to try to help people understand the flow of an asset works in the market to my best of my abilities so they can understand what is going on. I'm also heavily into forex so its practically the same field with minors adjustments.
Bear in mind ill give you guys another free tip, never sell big chunks of your coins to buyers ask price this will make you less profit. People who do that are either desperate or too impatient and immature to wait for a sale
Smart Demonstration how it should be done when selling an asset :
0.00155000 : 50 cloak
0.00156000 : 50 cloak
UP0.00157000 : 50 cloak
UP0.00158000 : 50 cloak
UP Keep listing small amounts with higher price than your previous one. You just sold a small amount of cloak for a good profit.
Now the people who tend to panic tend to sell at lower prices, what we refer to the noob trader or panic seller, no discipline no strategy. Equivalent to the newbie trader who see the dollar diving and sell at a loss.
BTw you see those socket accounts trying to cause panic by spreading bogus FUD its kinda obvious, those are the same people who will buy the coins from the newbie investor. They try to influence a seller to sell at a lower price so they can buy their asset for cheap.
Keep your cloak , i remember the days when i was heavily into bitcoin . If i had listened to those people bashing it the constant bogus Fudder , i think ill be stuck on a 9-5 day job today or selling it for a pizza
After going through all the post in this thread I see a lot of newbie investors have unrealistic expectations, the coin keeps moving forward and yet they impatience get's the best of them.
A lot of people do not understand how the market works, they are uptrend
(when there is green candles prices gos up)and downtrend , uptrend is when each successive peak in the candlesticks and trough is higher than the ones found earlier in the trend. Then there is trend reversal which is a downtrend.
The reason why there is a downtrend
( when there is red candle and price goes down)is because traders who sell or ‘go short’ . It is at this stage that the bears have seized control. If we join the lows of the previous trend with a line, you will see that the new downtrend started to gain momentum at the point at which this line was broken.
Uptrend and downtrend are perfectly normal , every asset never goes up indefinitely up, there is a cycle up and down. And we say what goes up most come down.
Cloak charts shows a healthy uptrend and downtrend market movement, the sales are people selling off some of the coins they have staked mined on their wallet. No big surprises here, i myself only sold the coins that were mined in my wallets. Im in the top 10 rich list.
If you have a logic mind, you'll understand perfectly what i have explained above.
Its amusing when these troll accounts have no idea how the market is moving and as soon as cloak goes in a downtrend they comes up with various fud. Which makes no senses, the pattern is the same : price goes down troll comes up, price goes up more trolls.
My advice if you a shy trader, hope in while the asset is a downtrend before there is a reversal so you can get in what we called a sweet spot. And if you like my advice buy me a beer
I marked your words. BTW I am still holding my 2400 Cloak from ~240 K. I have time.
A lot of people do not understand how the market works, they are uptrend
(when there is green candles prices gos up)and downtrend , uptrend is when each successive peak in the candlesticks and trough is higher than the ones found earlier in the trend. Then there is trend reversal which is a downtrend.
The reason why there is a downtrend
( when there is red candle and price goes down)is because traders who sell or ‘go short’ . It is at this stage that the bears have seized control. If we join the lows of the previous trend with a line, you will see that the new downtrend started to gain momentum at the point at which this line was broken.
Uptrend and downtrend are perfectly normal , every asset never goes up indefinitely up, there is a cycle up and down. And we say what goes up most come down.
Cloak charts shows a healthy uptrend and downtrend market movement, the sales are people selling off some of the coins they have staked mined on their wallet. No big surprises here, i myself only sold the coins that were mined in my wallets. Im in the top 10 rich list.
If you have a logic mind, you'll understand perfectly what i have explained above.
Its amusing when these troll accounts have no idea how the market is moving and as soon as cloak goes in a downtrend they comes up with various fud. Which makes no senses, the pattern is the same : price goes down troll comes up, price goes up more trolls.
My advice if you a shy trader, hope in while the asset is a downtrend before there is a reversal so you can get in what we called a sweet spot. And if you like my advice buy me a beer
One thing i have realised a lot of people do not understand how candle stick charts represent in term of market movements.
As soon as one perceive a large red candle they assume someone is selling a lot of a asset and prices go down. Anyone done some forex here? In the forex world perfectly normal day.
Reflecting on cloak , chart looks like a perfect normal asset going in movement up and down trend, small sells off , following a momentum downtrend then reaching support level again then stabilising.
If you panic because you see a large red candle , then you do not understand how charts works.
A word of advice, this is the time you catch a good swing trade when it is this low which means its a good time to buy an asset. This does not happen often and gives the chance for the shy investor to hope in, now lets see how many are smart enough to use this free advice and ride the train
Do you know of an altcoin that has survived a dump and gone on to make a new all time high? I sure don't.
If Cloak really has legs the smart time to buy is after a new ATH is made.
