Topic: [ANN][LEAF] LEAFCOIN - Android wallet launched - page 187. (Read 352596 times)

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So, yes, I did buy in and sold out already. Yes it had solid buy support. But nobody's pumping 100s of BTC into it, like they did DOGE, or MEOW, or LOT, or EAC, or MOON, because they're not that fucking stupid.

Hey everyone,

I've seen a lot of anxiety on this thread regarding the fate of LEAF on the exchanges, and as I'm a regular trader and pal around with a lot of larger traders, I thought I'd come in here and shed a little light on the skinny of what's going through everyone's minds right now.

Everyone knows that the miners are waiting to dump on them at 24 sat and above. Everyone knows that you guys are really nervous about this coin. Everyone knows that half of you expect this coin to fail, while the other half has delusions that this will be the next DOGE (or MEOW, or whatever). And EVERYONE knows that you have some serious mining pools that are trying to drop a load of LEAF at a moment's notice.

The traders know the miners very well, but perhaps the miners don't know the traders very well, so I'll let some of you in on what the traders are thinking; LEAF is a no buy. Throughout this morning, people were playing with LEAF, and sure enough the sell orders on CoinMarket.io went up over 50+btc, which is absolutely insane. We all know what the deal is, a lot of those buy walls that are out there right now (what's left of them) are from traders looking to boost the price and sell out of LEAF so they can walk away with some dignity. After this morning, there is pretty much zero chance of LEAF getting the skyrocket treatment before a substantial dump of some sort.

Now, that being said, with the way things are looking this afternoon, the terrain is looking pretty unsteady going forward. Traders won't buy because they know they're going to get dumped on. Miners won't sell because they want to sell as high as they can. So, what's going to happen? More than likely, the traders will walk away, a certain particular mining pool will dump hard, and then other independent miners will follow suit, sending the coin into the single digits, and LEAF will be crushed into obscurity. Will traders pick it up in the single digits? Sure, probably, but we keep an eye on the total number of coins on a market, and if we see that miners are STILL holding a substantial number of coins, this song and dance will continue until you all sell your coins below 10.

Now, what can be done to avoid this? There ARE traders that are watching LEAF and willing to buy in between 15 and 10. The traders with large BTC rolls will walk away probably in the next 12-24 hours, and the small guys will walk away by the end of the weekend. Traders are telling newbies: "DON'T BUY UNTIL IT HITS 10." which means they'll probably buy anywhere between 10 and 15, because newbies don't listen to anything.

So, my best advice would be to sell down to 15. I know one whale that was thinking of buying 10-20+btc worth at 17 (that won't pop up until it gets down to 20). A ton of big guys are waiting for 15. I know what you're thinking: "But we only want to sell at a profit" but guess what guys? That's not going to happen, because we're all walking away.

I'm not trying to manipulate prices, I'm not trying to cause mass panic, I just came on here and saw a lot of people that were worried, unsure or super optimistic about dumping LEAF in the 50s, so I thought I'd throw in my two cents. Will I by LEAF low? Fucking, hells yes I would, because I'm a trader, that's what I do. Am I a whale? Not in the least. Will there be big buy orders above 20? Will LEAF go to the moon? Almost definitely not. Not without a significant dump. We traders can count boys and girls, and right now LEAF is a no-buy. We can make well over 100% a day just from cryptsy pumps, and LEAF is already taking a beating regarding the sudden influx of sell orders on coinmarket.io.

If anyone wants to contact me, feel free to hit me up on twitter @theAncient0ne. If anyone's offended, or whatever at my post, I'm really sorry, but a lot of people seemed really anxious and worried, and if nothing else hopefully you guys can take away a little perspective.

Happy hunting, ya'll, and best of luck.