Topic: [ANN][RZR] Razor - Cutting Edge of Technology ☆[TOR]☆[No Pre/ICO] Updated Nodes! - page 45. (Read 247503 times)

Thumbs up to an intelligent comment

I hope this helps,  SpringfieldM1A made this statement from a different thread that is very applicable to whats happening to RZR:


People who think a single person can bring down the price of a coin are really obtuse. Let me tell you what happens:

Stages of a coin by SpringfieldM1A

1. Coin gets an announcement, people chime in on the thread, some start mining, some start yelling scam.
2. Coin gets added to an exchange, trading below 100 satoshi. Some normal people buy, some whales accumulate tons of coins. Price rises a little
3. Dev posts positive announcement in thread, some people are ecstatic, a little more people start yelling "scam" and "proof", price shoots up
4. Coin is now starting to trade around 1000 satoshis, peaking at 1500.
5. Dev posts new update, price shoots up again due to whales pumping, more people buy
6. FUD storm starts, people discrediting the coin, whales pull off epic dump, price drops 30 % to 40 % people are afraid and sell their coins cheap.
7. Coin starts trading in lower 500 satoshi range, whales accumulate
8. Silence for some time, 10 days at maximum
9. Dev posts another update, confirming he was legit all the time, whales now pull off an epic pump
10. Make or break point, coin will either grow naturally without the "help" of whales or crash into oblivion due to competition or fundamental flaws.

Can you see what is happening? Whales capitalize on good or bad news, they feed on both your fear and bullish sentiments. This will continue until a coin has a large enough market cap where it will be a lot harder to influence the price by large pumps or dumps. But remember above all: if there isn't found a substantiated flaw in a coin's infrastructure there is no reason for the price to go down. Stop trading with emotion.

Whales look for any signs of fear sentiments in the market, they will dump hard and inexperienced people see the price go down and think "Oh my god the coin is crashing" and sell. This is exactly what happened to VOOT, a single user (inadvertedly) posts serious FUD ammo for whales to massively dump, but there is nothing wrong with VOOT ! It is one of the coins that actually delivered a working anon function.

It works both ways, if whales spot bullish sentiments they pump.

Sometimes you see a massive dump on good news, why is that you may ask? Well if the news is really good, whales see potential in a coin and they want to buy more for a cheaper price. They dump to initiate panic sells "Hey I thought the news was good? why is the price dropping? I'd better sell" is what new people think, then proceed to dump their coins right into the whales' buy order. This will make the rich richer and the poor lose their shirt. Advice: keep an eye on the rich list of a coin in times of percieved crisis, you will probably see the top 50 or so addresses accumulate, while the smaller holders lose coins.

PROTIPS:
Do not invest more than you can afford to lose. This will take out the emotional factor in trading at least a little bit.
Consider your money "lost" the moment you invest in a coin, don't get emotionally attached to your invested fiat ever.
Decide an exit price for yourself and stick to it, don't be too greedy.
Do not cry over losses, this is crypto. You will probably lose a lot before winning. A win can compensate for all your losses though and then some.
Do not cry if you sold "too soon", profit is profit.

fuck it, im buying.  Price is too good to refuse.  I hope im correct 

  agree  ！

I wish I could answer this.  All news surrounding razor has been good.  Also Kore and Veil have been basically exposed as scams which should strengthen razors position.

If I was to take a guess I might say someone is pushing down the price to buy more.  Maybe a nice pump on the way.

What happened for price ?

A new RZR article about yesterday's fun turn of events :

http://www.cryptoarticles.com/crypto-news/razorcoins-open-source-sms-gateway-rzr-added-to-moolahio

Please share, donations still welcome!


(ty to whoever donated 20 RZR yesterday btw)

Cutting Edge of Technology？someone can introduce？

nice one,
If we add to some list, I will keep voting.

id rather have a beef jerky coin thanks

ELABORATE PLZ!

What is the plan/upgrade?

He accepts Razor.

umm wut   hahahha  ^

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He said he doesn't hold any

Jean-Pierre Buntinx
‏@jdebunt
@whywefightnet @moolah_io @TheRazorCoin I have zero #RZR keeps me from being .biased

https://twitter.com/jdebunt/status/481117324033155072

0 activity and your first post is another coin (wrong thread) - I applaud you (idiot)

makes me wonder how many RZR the author is holding....

http://www.cryptoarticles.com/crypto-news/razorcoin-investors-may-have-sold-off-too-soon

This is the calm before the storm everybody!!

I've changed it to 0.01

lol..

 

please DUMP