- FLO spiked 300% on big volume on zero news, zero hype and it's holding rock solid - which means somebody doesn't mind paying 4 times more for FLO and they're willing to buy all they can get.
There are many of coins on Cryptsy which spiked on no news for no reason and were pumped to 5-10x price and dumped few days later in last 2 months . The scenario was always the same, buy high volume cheap, pump to 10x price, than place big buy order at 3-5x of pre pump price and wait. Than some noob came, placed another big buy order near that big order and suddenly old buy order disappeared and pumper dumped. He earned big profit thanks to buying high volume cheap. Than he just sold the rest and left the coin. Classic pump trap. I have sold everything at 49000 already and I do not care if it will go to 100,000 or higher. What I know, FLO is now pumped, and I never buy into pumps. So If I own coins, and I think probability of dump is higher than of pump, I sell and I am fine with my gains. If you have sold, you did smart decision, anything else is just speculation.
You might be wrong in here.
Just noticed you guys on Bittrex and thought I'd check out your thread. 