I had bids filled at 22 and 23 just before it went down. A bit overpriced.
I don't think it's overpriced either.
there was a pump before it went down. I sold most of my stash for 40 or even more. Happy to buy back double now !
So you were the dick with sell walls. And FYI there was no pump. People didn't sell for lower prices till you started it
.
dick? I wasn't selling anything and I did not start anything. My wall was not even up, i was planning to hold but it all went too fast. I saw a pumper trying to break the walls above 40 so i quickly dumped in mine at 40. Its called smart trading. That wall wouldve breaked anyway even if i didnt put my order in between. The price went from 20 to 40+ in a matter of minutes. You're stupid not to sell if you are witnessing such stuff because you know when the pump is over it will drop to the stable 20+. Oh and don't worry. This coin will go back to 40 and above easily again.
I'm always amused when people go online and talk about how they sold at the high and bought back low and made a neat profit. I tried this tactic and you know what I have found? When you are involved with solid coins at the ground floor level, you can be successful maybe once or twice with that strategy, but eventually one time you will sell and it will go up straight 10x without looking back and you will have turned your theoretical gain into a theoretical loss. I am hundred percent you will do it again because who wouldn't once they were successful. I've tried it a few times myself and ended up banging my head against the wall the few times it zoomed past me after I thought I sold at the high. Anyone who has ever traded in coins have done that many, many times and if you say you've always timed it right, you are a liar. So, I never do that anymore if I am fully invested and believe in a coin. This strategy only works with established coins that you can day trade and has volume with a history of going up and down in the same range. I will be very surprised when we reach 100k+ if you own any Klondikes, I'm sure you will try it next time and it will whiz right by you.
As an example this exact thing happened the other day... I had 4000K order at 14,500 and there was another btc worth of others behind me and some guy just dumped on me and everyone behind me all the way up to 12,500. He then proceeded to put in a large buy order at 12,000 using your exact same plan...lol it bounced right past 15,000 and look what happened. You guessed right this time, but to say people were stupid for not selling at 40,000 are naive is just dumb. You got lucky this time and maybe will get lucky again, but anybody who brags about this strategy when it comes to new coins are just asking to bang their heads on walls eventually. On a good coin, theoretically you will always make small gains with your strategy but will miss out when it shoots up 10x because you will always sell when you gain 30-40% because you think it's at the high now. Tell me I'm wrong and I will call you a liar.
This. The only times I've done it myself, is when I strongly believe the price is going to shoot up. I will sell, and buy back in when it drops. Just once. That's it. I'll make an increase on my holdings, and then I wait. I only do this for coins I have strong faith in, because I know I will be rewarded for holding. I also know the price could rocket at any time, and given what I believe Klondike will fetch, I haven't dared tried this with this coin. I have a little over 5k from early mining, and I consider this a modest amount of coins to be invested in KDC. I'm not going to blow it all when it's potentially the most valuable altcoin I'm holding.