I've just found this coin - very impressive.
What is ICO?
ico-ipo was 10k-12.5k then dipped a bit to 8-11k for a bit and rises steady to 15k ish, now a whale just came and literally bought all the coins up from 20-34k with no dumps at all. this guy knows what he's buying is cheap..
I Just wonder why the whale did it so fast i think he already bought tons at 10k sat etc
I can only see it go up from here by now
You are correct, but we also need to make sure people in the community know how these whales operate and make money.
They will sell a lot of coins at one point and get people to think that the top was reached and now the price will fall. By doing this the whale will take a bit of a loss on purpose.The reason he does this is so that others panic and sell for what the whale sold for, thinking that they are about to lose the profit that they just made when the coin doubled in value. So investors that have not seen this tactic before, will start to sell their coins to try to make sure they don't lose the profit that they just made.
Then, what ends up happening is the sellers keep lowering their sell price trying to have the lowest price so when there is a buyer, their coins are at the top of the list, so they will get the sale. What ends up happening is everyone is now competing to sell their coins, undercutting each other over and over again, and in the process we will see the price of Neoscoin fall temporarily.
Then, the whale is right there buying up all the coins from the unsuspecting sellers, who think they are just selling their coins for the best profit they can get before (in their eyes) it falls to the point that they lose their profit.
Understand that this happens every single time, with every single great coin. The whale knows that after the panic selling stops, the coin will return to its true value, and now the whale just got all of the coins at a great discount from the panic sellers.So what you do is:
1.
Don't fall for it, and
DON'T SELL YOUR COINS. No matter how artificially low the whale is able to get the panic sellers to go, the price will go back to normal when the panic is over. I know it's scary watching the "value" your Neoscoins drop before your eyes,
REMEMBER THIS: YOU DON'T ACTUALLY LOSE ANY MONEY UNLESS YOU SELL YOUR COINS!This is what whales do. They buy a lot so they can dump and crash the price temporarily, and buy up all the cheap coins.
DON'T FALL FOR IT.
BUY WHEN THE WHALES CRASH THE PRICE.
We can't stop newbie traders from falling for this old trick, but we can buy the coins ourselves, and at least the whale won't get them all.
Understand that this will also be accompanied with newbie FUD posts, saying that the sky is falling, and all kinds of lies to make people think that the coin is going down and will not recover.
THIS IS NOT TRUE. WE HAVE ONE OF THE BEST DEVS WE COULD ASK FOR.
THIS COIN IS GOING TO BE WORTH MUCH MORE THAN IT IS NOW.Don't fall for the FUD and the whale dump. Make money from it and buy when the newbies are unfortunately selling because they don't know any better.