Are we again moving to the low of the day? buying opportunities again. Love this movements. But remember, keep a few aside that you don't trade as one day it will be $10
I will buy more tomorrow cause there will most likely be cheap Lisk for sale after the bounty distribution
They should not release this so soon... they should at least wait a few weeks before doing that... but indeed if they release the bounty distribution then it will give some pressure on the price and that won't be good as some people will lose some trust here.
I agree
The first bounty distribution is worth about 150 BTC. That won't do any harm at all.
150 BTC is almost 10% of the buy support on Poloniex, i would say, that will hurt a lot. In fact buy support just dropped below 1700 BTC now.... Putting those 150 BTC on the market will crash the price.
PS: Believe me, i'm more experienced then you on that topic
Last Price
0.00064198
A 150 BTC dump wouldn't even bring us to 0.0006.
1. Not everyone will dump immediately, or even at all.
2. That's hardly a "crash".
Yes but that small crash might turn in to a bigger crash.
When the price starts to go down not only the 150 BTC from bounty distribution will be the problem. Panic selling might happen by other people when they see the price go down.
and that is my point... Remember ICO price was around 18k sats.... those people didn't sold at least not all of them, but when people that invested a few BTCs and see the price dropping and dropping then they will sell as there are always other opportunities available and they don't want to take any risks.
1. Lisk management should monitor the market. The buy support is not big enough 1700 BTC compared to 9000 BTC of ETH
2. Lisk management should monitor volume of the market. Volume dropped on Poloniex from 32k to 14k BTC
3. Lisk management should monitor the head and shoulder behaviour of their coin. We are getting lower highs, currently we are not hitting higher lows (only positive point at the moment).
If Lisk doesn't move above the breaking point of 85,000sats then it will have a hard time to get higher in the near term, adding those coins on the market will create worse market condition.
But as i said... it is not my coin... but with over 20 years of experiences in analysing real stock markets and over 3 year in altcoin world, i believe i know what i'm talking about.