CannabisCoin [CANN][X11][Official] Developments & Discussions - page 141.

natmccoy

legendary

Activity: 868

Merit: 1000

twitter.com/natmcmolecule

Quote from: malaimult on April 19, 2015, 04:45:20 PM

It was posted on twitter that the blockchain explorer shows the huge dump earlier was a bunch of accounts that sold all at the same time into one account that had a huge buy spread.

Wouldnt surprise me. Great way to freak people out and they will then put up coins for sale from the low back up - which the dumper then buys.

So I guess it was one person with a bunch of accounts basically dumping his coins to himself and maybe losing a few on the way to real buyers but picking up major profits on the bounce back. All he would have to do is pay the 1/3 % fee to do so to bittrex.

I can't find the tweet, do you have a link? I don't think the explorer would show that anyway, as the trades would have happened within the bittrex wallet and not across the blockchain, maybe I'm wrong through. Besides there were probably $4,000+ of genuine orders to sell into between 3,000 and 1,400 sat.

Many flaws in this theory.

malaimult

hero member

Activity: 658

Merit: 500

It was posted on twitter that the blockchain explorer shows the huge dump earlier was a bunch of accounts that sold all at the same time into one account that had a huge buy spread.

Wouldnt surprise me. Great way to freak people out and they will then put up coins for sale from the low back up - which the dumper then buys.

So I guess it was one person with a bunch of accounts basically dumping his coins to himself and maybe losing a few on the way to real buyers but picking up major profits on the bounce back. All he would have to do is pay the 1/3 % fee to do so to bittrex.

Justicemaxx

hero member

Activity: 616

Merit: 500

Personally, I'm calm like a boa constrictor. There is a saying. I bought before is now in the market. Besides, I got it back in August of last year. Yes I sold a little. But now, through the extraction of the coin was very hard to influence. Now almost everything depends on the market of selling/buying. Someone wanted to buy more, obviously. This someone (there can be multiple people) expected that the market will fall down to 1000-1200 Sat. But then I didn't consider that people remember from a previous dump with 15 Ksat Now... should be progressive upward movement from the current level. Yes, it may again be a small dump when we reach 3.5-4 KSat, so be it. After some time, the coins will be accumulated in those who will not sell them cheap.
CANN is the best long-term investment now! Better than BTC in its purest form!

dygus

legendary

Activity: 1193

Merit: 1000

Peaky Blinder

Quote from: natmccoy on April 19, 2015, 03:36:37 PM

Quote from: dygus on April 19, 2015, 03:26:47 PM

PPL ABOUT WHAT PUMP&DUMP YOU'RE TALKING ABOUT. PRICE INCREASED FROM 1200 TO 4000 DURING THE MONTH NOT 1000% IN 2 DAYS LIKE IN NOVEMBER.
btw MOST PPL BOUGHT BETWEEN 1800-2400 SATS

It hit 4500% what is was for 6 months in a matter of weeks. That may not seem like a major P&D compared to what happened to CANN last October, but compare this to any stock or most cryptos and 4500% is an insane rise in such a short time. Being able to quadruple your money is a rare and great opportunity.

Look on the chart and tell me at what prices were the biggest trading volume?

coinspeed

full member

Activity: 225

Merit: 250

Greetings to all you Buffalo Soldiers!

Everybody calm down, the dev just went out for a smoke and has a hard time finding his way back.. What does that tell you? That this some baaaad weeeed!! And that's good, right? So stop worrying Cheesy

Anyway, is there something about to happen, apart from a new day in the calendar? Everybody's going on about 4/20 but I couldn't find any announcement about some Big Thing about to come to this coin..

Please share your info!

Peace!

Justicemaxx

hero member

Activity: 616

Merit: 500

Quote from: natmccoy on April 19, 2015, 03:36:37 PM

Quote from: dygus on April 19, 2015, 03:26:47 PM

PPL ABOUT WHAT PUMP&DUMP YOU'RE TALKING ABOUT. PRICE INCREASED FROM 1200 TO 4000 DURING THE MONTH NOT 1000% IN 2 DAYS LIKE IN NOVEMBER.
btw MOST PPL BOUGHT BETWEEN 1800-2400 SATS

It hit 4500% what is was for 6 months in a matter of weeks. That may not seem like a major P&D compared to what happened to CANN last October, but compare this to any stock or most cryptos and 4500% is an insane rise in such a short time. Being able to quadruple your money is a rare and great opportunity.

400-450% )) I agree, for speculators very profitable.

natmccoy

legendary

Activity: 868

Merit: 1000

twitter.com/natmcmolecule

Quote from: dygus on April 19, 2015, 03:26:47 PM

PPL ABOUT WHAT PUMP&DUMP YOU'RE TALKING ABOUT. PRICE INCREASED FROM 1200 TO 4000 DURING THE MONTH NOT 1000% IN 2 DAYS LIKE IN NOVEMBER.
btw MOST PPL BOUGHT BETWEEN 1800-2400 SATS

It hit 450% what is was for 6 months in a matter of weeks. That may not seem like a major P&D compared to what happened to CANN last October, but compare this to any stock or most cryptos and 450% is an insane rise in such a short time. Being able to quadruple your money is a rare and great opportunity.

bigbowlz420

newbie

Activity: 1

Merit: 0

Quote from: Sumo on April 19, 2015, 03:26:51 PM

Where is the dev? Ill say it again. Every successful coin has a dev working to promote and get more acceptance. Its 420 for crying out loud and the dev is no where to be found. That's just not smart business. He should be on here answering questions,, giving updates and trying to generate excitement for his coin. Is he too good for that? Don't tell me hes too busy in Colorado to stop by here. That's a crock.

I bought in from 1600-2000 and sold from 2800-4000. I would have held. But nothing going on so Ill take my money elsewhere.

We havent seen any real questions answered or details about this project for a while now, the dev stopped providing any info or substance as soon as any gardens went into creation and any harvests supposedly happened. Would love some updates myself.

natmccoy

legendary

Activity: 868

Merit: 1000

twitter.com/natmcmolecule

Quote from: Justicemaxx on April 19, 2015, 03:15:30 PM

history repeats every time....every time eventually it goes down

The future is not defined. If we made a quick step down, it does not mean that we will no longer make a long and a big step up.
[/quote]

You are correct. However when trying to make the best decisions it's important to look at statistics. Whether it's in poker, crypto trading, social science w.e. Look at the 100 charts that most closely resemble this one over the last 2 months. Probably only 1-4 of 100 went on to hit new highs in the following weeks. 96-99 of them stabilized lower or continued declining. CANN is a special scenario as it has showed a solid year of support at 1,000 sat and a strong dev, but we're going below 2,000 until more good news is released.

I could be wrong, and we could be one of the 1-4% scenarios, in which case I made a bad decision to sell out in the 3,000's, but try to evaluate things objectively without being clouded by stubbornness or hope.

Sumo

hero member

Activity: 1098

Merit: 500

Where is the dev? Ill say it again. Every successful coin has a dev working to promote and get more acceptance. Its 420 for crying out loud and the dev is no where to be found. That's just not smart business. He should be on here answering questions,, giving updates and trying to generate excitement for his coin. Is he too good for that? Don't tell me hes too busy in Colorado to stop by here. That's a crock.

I bought in from 1600-2000 and sold from 2800-4000. I would have held. But nothing going on so Ill take my money elsewhere.

dygus

legendary

Activity: 1193

Merit: 1000

Peaky Blinder

PPL ABOUT WHAT PUMP&DUMP YOU'RE TALKING ABOUT. PRICE INCREASED FROM 1200 TO 4000 DURING THE MONTH NOT 1000% IN 2 DAYS LIKE IN NOVEMBER.
btw MOST PPL BOUGHT BETWEEN 1800-2400 SATS

natmccoy

legendary

Activity: 868

Merit: 1000

twitter.com/natmcmolecule

Quote from: johnambush on April 19, 2015, 03:11:37 PM

Quote from: Justicemaxx on April 19, 2015, 03:01:08 PM

People who's trying to move the market down yet again to 1500 Sat and below do not do these stupid things, where customer demand is too large, you will simply be swept away at this price! Those who sold up to 1500 Sat today gave their CANN, accept...)

history repeats every time....every time eventually it goes down

I was just going to say the same thing. It's inevitable. This dump was essentially locked in on April 14th when we failed to head toward a new high after the standard dip. This isn't to say that CANN won't hit >$1 prices in the future, but we're heading back below 1,500 for now.

Sorry to anyone who got burned buying above 3,500 sat. I got burned pretty bad on the October P&D, but I learned from that and returned with more capital, now I'm out of the red.

A solid plan with a bright future & a pump and dump are not mutually exclusive. Sure this coin is awesome and deserves the attention that it's getting, but it's also being dumped and don't let yourself be entirely blinded by optimism. I'm optimistic long term, but you've got to learn to maximize profits/minimize losses.

Justicemaxx

hero member

Activity: 616

Merit: 500

history repeats every time....every time eventually it goes down
[/quote]

The future is not defined. If we made a quick step down, it does not mean that we will no longer make a long and a big step up.

Justicemaxx

hero member

Activity: 616

Merit: 500

Quote from: Sumo on April 19, 2015, 03:09:42 PM

You guys just hold for 2 years and then you will be rich. Roll Eyes

I think CANN will grow every month this year for a little bit, and by November, 2015 will be 20 KSat. But when it comes to legalizing the sale of medical marijuana in a large volume.... then the price will go overboard. Cool

johnambush

full member

Activity: 228

Merit: 100

Quote from: Justicemaxx on April 19, 2015, 03:01:08 PM

People who's trying to move the market down yet again to 1500 Sat and below do not do these stupid things, where customer demand is too large, you will simply be swept away at this price! Those who sold up to 1500 Sat today gave their CANN, accept...)

history repeats every time....every time eventually it goes down

Sumo

hero member

Activity: 1098

Merit: 500

You guys just hold for 2 years and then you will be rich. Roll Eyes

Justicemaxx

hero member

Activity: 616

Merit: 500

People who's trying to move the market down yet again to 1500 Sat and below do not do these stupid things, where customer demand is too large, you will simply be swept away at this price! Those who sold up to 1500 Sat today gave their CANN, accept...)

Justicemaxx

hero member

Activity: 616

Merit: 500

Quote from: manhattanagriculture on April 19, 2015, 02:25:21 PM

https://www.youtube.com/watch?v=2YuGvnEJoY4

very decent video, I like it.
P. S. the coin has a great future, not sell cheap! I know how lucky for those who piled up, they are now happy puppy happily probably )))

manhattanagriculture

newbie

Activity: 14

Merit: 0

https://www.youtube.com/watch?v=2YuGvnEJoY4

fil0

full member

Activity: 208

Merit: 100

dump on me, i buy all cheap cann Grin

Topic: CannabisCoin [CANN][X11][Official] Developments & Discussions - page 141. (Read 706488 times)