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Topic: [ANN][VOOT] OLD THREAD - page 203. (Read 302210 times)

full member
Activity: 182
Merit: 100
June 24, 2014, 08:43:54 AM
VOOT coin with such development Grin Grin Grin Grin
only sky is the limit Grin Grin Grin Grin
member
Activity: 112
Merit: 10
June 24, 2014, 07:37:47 AM


I didn't expect NiteSend to drop so early in the week.

The VOOT devs delivered big time!

10/10 would bang VOOT wallet Cool
sr. member
Activity: 322
Merit: 250
June 24, 2014, 07:32:39 AM
full member
Activity: 182
Merit: 100
June 24, 2014, 07:23:53 AM
VOOT coin will survive all dumps that is obvious. Grin Grin Grin Grin Grin
 Roll Eyes Roll Eyes
sr. member
Activity: 403
Merit: 250
June 24, 2014, 07:07:09 AM
Whales and "the" others, are saying: super or voot to today's mintpal market of choice.

Will see if there's any truth in that. But looking at market, super and voot are both being bought a lot after the birds whispers. Exactly at the same time price started to rise, of course that time birds started to sing.

today the market reflects exactly the reality: actually super is the coin most complete and voot the most promising. Here is the future, if a logic exists. But we ll see and I wish the best for both!

For exchange that doesn't matter. Only matters who can keep big trading volume the longest.
sr. member
Activity: 826
Merit: 263
June 24, 2014, 07:02:47 AM
Whales and "the" others, are saying: super or voot to today's mintpal market of choice.

Will see if there's any truth in that. But looking at market, super and voot are both being bought a lot after the birds whispers. Exactly at the same time price started to rise, of course that time birds started to sing.

today the market reflects exactly the reality: actually super is the coin most complete and voot the most promising. Here is the future, if a logic exists. But we ll see and I wish the best for both!
sr. member
Activity: 364
Merit: 250
June 24, 2014, 06:58:27 AM
i bet VOOT Grin
sr. member
Activity: 403
Merit: 250
June 24, 2014, 06:47:14 AM
Whales and "the" others, are saying: super or voot to today's mintpal market of choice.

Will see if there's any truth in that. But looking at market, super and voot are both being bought a lot after the birds whispers. Exactly at the same time price started to rise, of course that time birds started to sing.
sr. member
Activity: 672
Merit: 250
June 24, 2014, 06:40:54 AM
The trade volume on Bittrex just went full blown retarded.

Estimated 5k-10k by the end of the week.

VOOT coin dev team delivered   Wink

Much more than 5k to 10k is worth that  we have great Nite69 and MsCollec   Grin Grin Grin

Gratz to all those who holded sub 700 Smiley
legendary
Activity: 1232
Merit: 1000
June 24, 2014, 06:29:13 AM
These Sellwalls at 1200 and 1260 need to go. Probably some whale who got nervous and wants to break-even.

I call upon this whale. Whale? Tear down this wall!!
member
Activity: 112
Merit: 10
June 24, 2014, 06:18:56 AM
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.


+1000! This post is an holy grail of crypto trading. I will bookmark 10*

yep ! ++

copied it. for remembering in hard times ;-)

but anyway, mistakes and losses are needed to learn. the more you feel the pain, the better you get "conditioned" to the market.

full member
Activity: 238
Merit: 100
June 24, 2014, 06:15:37 AM
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.



Best post ever 
member
Activity: 112
Merit: 10
June 24, 2014, 06:14:22 AM
WTS Organs, Drugs, Prostitutes, Credit Card Data and Hostages... but prefer to remain anonymous.

When is this VOOTmarket opening?
give it 3 months.

At this growth rate, we might be talking within 3 weeks time-frame.

The bounty to develop the market is at 2,000,000 VOOT.
full member
Activity: 210
Merit: 100
Crypto Currency Supporter
June 24, 2014, 06:10:02 AM
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.



ty for this post. I also hold voot because of the community's amazing work at relaunching this one.
full member
Activity: 182
Merit: 100
June 24, 2014, 06:06:39 AM
I have come to noticed that both fudders and the people that hype a coin are the same. As a matter of fact, people that hype a coin are more dangerous than the fudders!
Newbie-you are welcome in VOOT community. Grin Grin Grin Grin
newbie
Activity: 56
Merit: 0
June 24, 2014, 05:56:58 AM
I have come to noticed that both fudders and the people that hype a coin are the same. As a matter of fact, people that hype a coin are more dangerous than the fudders!
hero member
Activity: 2296
Merit: 506
Cryptocasino.com
June 24, 2014, 05:56:04 AM
WTS Organs, Drugs, Prostitutes, Credit Card Data and Hostages... but prefer to remain anonymous.

When is this VOOTmarket opening?
give it 3 months.
legendary
Activity: 1232
Merit: 1000
June 24, 2014, 05:47:50 AM
WTS Organs, Drugs, Prostitutes, Credit Card Data and Hostages... but prefer to remain anonymous.

When is this VOOTmarket opening?
full member
Activity: 182
Merit: 100
June 24, 2014, 05:22:55 AM
Crypto world is blurred  , and then came VOOT coin Grin Grin Grin Grin
                                                  Roll Eyes Roll Eyes Roll Eyes Roll Eyes
newbie
Activity: 56
Merit: 0
June 24, 2014, 05:22:15 AM
Large wall of text

this is a very useful post. Already one time I has been in panic sell and I made a mistake. Now I hold, doesn't matter the fudstorm

Thanks, I try to educate newcomers to this game. In these new and unregulated markets any investment is basically a "lottery ticket". If you invest $100 you just bought yourself a $100 ticket in the Crypto Lottery.

When people buy a ticket in a real world lottery and don't win they think "ah well better luck next time" That is because they can't exert any control over the drawing. The fact that in crypto you can sell, buy etc at any time, that (feeling of) control is what messes with your mind. Just let go, invest, decide an exit point and wait (hold) know but not fear that potentially you lost everything you just invested. That is key, do not fear, say to yourself "I bought this coin and I will hold until it reaches this price" if you see it going down think "ah well better luck next time" That is why you should never invest rent money, grocery shopping money, mortgage payment money etc because with every price fluctuation you either think "wow I can buy this and that" or "damn I can't pay the rent if this drop continues" lose the emotion in trading, really, let it go.

In Psychology we call this loss aversion.  There is a well written Wikipedia article on it http://en.wikipedia.org/wiki/Loss_aversion  (I could bore you with scientific papers but that wouldn't be fun)

Also be aware of the sunk cost fallacy http://en.wikipedia.org/wiki/Sunk_costs#Loss_aversion_and_the_sunk_cost_fallacy. Which basically says people keep chasing their investments even if the signs indicate the investment is flawed. In a normal market people should not be afraid to minimize their losses by selling at a loss if the signs are truly bad. But this is crypto take the risk to lose it all, it's all just beer money anyway right? you invested money you could lose so risk it. In crypto trading anything could happen, a coin may be down 80 % today and up 200% tomorrow.

Let me stress this again; in regular markets or in other aspects of life, don't be afraid to minimize your losses by selling at a loss if there is something fundamentally wrong with the equity you are invested in. Ths applies to stock market trading and even figuratively to education and relationships for example. In crypto trading however the sunk cost fallacy shouldn't apply.

Let me end with a quote from Band of Brothers by LTC Ronald Speirs ( http://en.wikipedia.org/wiki/Ronald_Speirs )

The only hope you have is to accept the fact that you're already dead. The sooner you accept that, the sooner you'll be able to function as a soldier is supposed to function: without mercy, without compassion, without remorse. All war depends upon it.

If you can see the relevance of this quote to crypto trading you will be succesful.
These are coooooool stuff, thanks a million for the education!!
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