Dump just after a new listing? - page 9.

yazher

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Quote from: abderrazak belkhir on February 23, 2021, 09:22:49 PM

Friends i want to ask about a think that i realy cant explain...there is a token called AME that had an ieo price of 0.02...the token get listed on bithumb globale and the price down to 0.006 (bounty hunters and airdrops)...after the sell off end the price go up and stay a long time between 0.01 and 0.013...the team annaunced a new listing at mxc exchange and everyone expect a big incrass(the token had just 2.5 mln$ marketcap at 0.01) but what really happened is that the price decrass to 0.005 within one week and this make me confused...now the price is 0.08 and i start believing that what happened in mxc in the first days wasnt innocent

Who have an idea about the situation?

This is a normal scene in the altcoin industry and every year, you will see such kind of scenario. the people who sold their token earlier was the one who managed to earn some decent amount of income while the others who take too long to sell their tokens might only get the half of the price of their investments. Most likely the price won't recover since it sinks to the bottom already but if they happen to have a secondary big-time investor which will also invest in their tokens some big cash, then the price will recover slowly until the current big-time will be followed up with another one and so on so forth.

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Quote from: abderrazak belkhir on February 23, 2021, 09:22:49 PM

Who have an idea about the situation?

Wow that's a roller coaster ride but nothing fancy there. Dumping is normal and even pumping. So you are saying mxc are wash trading it? Maybe but if the project is really have potential then there is a chance to really go high. Depends on traders, sometime they take that low dumping as an opportunity and that's what happened now they ripping the profit as it increase almost 4x from the ico and more than 5x from its dump.

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Quote from: abderrazak belkhir on February 23, 2021, 09:22:49 PM

Who have an idea about the situation?

This often happens to tokens, dumps because they don't see the good development of these tokens or there is any bad news, and vice versa when there is good news and whale becomes the main ones of each pump and dump, the important thing is not to miss when the pump occurs Wink

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Quote from: abderrazak belkhir on February 23, 2021, 10:34:58 PM

~
Thats a good point and i must tsay thank you because you noticed the application to binance because i wonder if such annauncement can harm the negotiation with the exchange or not because binance team as i know are really strict

In the past, there were many projects who falsely announce listings on Binance to pump their own token and exit. This made CZ angry and issued a warning that whoever does it again will be automatically rejected.

On the case of Amepay, the tweet was about application and potential listing (not actual listing as previous projects did). If that's not covered under non-disclosure agreements between the two companies, I don't see anything wrong with it. Of course it could blow up to their faces if it wasn't granted by both/either exchanges.

abderrazak belkhir

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Quote from: Bttzed03 on February 23, 2021, 10:26:41 PM

Quote from: abderrazak belkhir on February 23, 2021, 09:22:49 PM

~ but what really happened is that the price decrass to 0.005 within one week and this make me confused...now the price is 0.08 and i start believing that what happened in mxc in the first days wasnt innocent

Who have an idea about the situation?

You can only speculate that people who bought at $0.006 have taken their profits after the pump caused by the announcement. That resulted into a panic to some traders who bought at $0.01 and they sold at a loss until it went down to $0.005. You don't have to ask why they did that.

If you are going to suspect a market manipulation by the team or some whales, feel free to investigate but you will only go in circles. Pumps after huge dumps happens to all tokens/coins.

They also announced their application to Binance and Huobi that might have caused further pump

Thats a good point and i must tsay thank you because you noticed the application to binance because i wonder if such annauncement can harm the negotiation with the exchange or not because binance team as i know are really strict

Bttzed03

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Quote from: abderrazak belkhir on February 23, 2021, 09:22:49 PM

~ but what really happened is that the price decrass to 0.005 within one week and this make me confused...now the price is 0.08 and i start believing that what happened in mxc in the first days wasnt innocent

Who have an idea about the situation?

You can only speculate that people who bought at $0.006 have taken their profits after the pump caused by the announcement. That resulted into a panic to some traders who bought at $0.01 and they sold at a loss until it went down to $0.005. You don't have to ask why they did that.

If you are going to suspect a market manipulation by the team or some whales, feel free to investigate but you will only go in circles. Pumps after huge dumps happens to all tokens/coins.

They also announced their application to Binance and Huobi that might have caused further pump

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that's a common thing dude. The whale knows if ame can be pumped easily and that's why they were making the price of ame to be dumped to the bottom to make the hunters sold their coin at the cheap price.
The majority of hunters can't be patient for that and that will be a problem.
Some hunters also blatantly saying they didn't believe with the project. Those hunters were regretting their decision now dude. Roll Eyes

the movement of altcoin can't be predicted easily.

abderrazak belkhir

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Quote from: OcTradism on February 23, 2021, 10:00:00 PM

Quote from: abderrazak belkhir on February 23, 2021, 09:22:49 PM

Friends i want to ask about a think that i realy cant explain...there is a token called AME that had an ieo price of 0.02...the token get listed on bithumb globale and the price down to 0.006 (bounty hunters and airdrops)...

AME runs their bounties months ago with very generous payment rates for bounty hunters. They are sort of people who want quick money and don't want to wait too long. They almost don't have any belief in projects they are promoting for. Big dumps from bounty hunters sure.

Quote

after the sell off end the price go up and stay a long time between 0.01 and 0.013...the team annaunced a new listing at mxc exchange and everyone expect a big incrass(the token had just 2.5 mln$ marketcap at 0.01) but what really happened is that the price decrass to 0.005 within one week and this make me confused...now the price is 0.08 and i start believing that what happened in mxc in the first days wasnt innocent

Listing news can result in pumps but it can cause dumps. It depends on the team are playing behind and you can not predict it correctly. You have to connect price changes with bitcoin changes in the same days, weeks. Bitcoin falls will cause big dumps on altcoins.

The price of AME is rallying and makes its new all time high: https://coinmarketcap.com/currencies/amepay/

I agree with you and i think somthing was happening behind the scene but i wonder who was playing(price manipulation or team sell off)...the token is in a good way and the targetes get higher...corections are really soft and i think we will see at least ×5 (top 3 also coming in mars)

OcTradism

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Quote from: abderrazak belkhir on February 23, 2021, 09:22:49 PM

Friends i want to ask about a think that i realy cant explain...there is a token called AME that had an ieo price of 0.02...the token get listed on bithumb globale and the price down to 0.006 (bounty hunters and airdrops)...

AME runs their bounties months ago with very generous payment rates for bounty hunters. They are sort of people who want quick money and don't want to wait too long. They almost don't have any belief in projects they are promoting for. Big dumps from bounty hunters sure.

Quote

after the sell off end the price go up and stay a long time between 0.01 and 0.013...the team annaunced a new listing at mxc exchange and everyone expect a big incrass(the token had just 2.5 mln$ marketcap at 0.01) but what really happened is that the price decrass to 0.005 within one week and this make me confused...now the price is 0.08 and i start believing that what happened in mxc in the first days wasnt innocent

Listing news can result in pumps but it can cause dumps. It depends on the team are playing behind and you can not predict it correctly. You have to connect price changes with bitcoin changes in the same days, weeks. Bitcoin falls will cause big dumps on altcoins.

The price of AME is rallying and makes its new all time high: https://coinmarketcap.com/currencies/amepay/

abderrazak belkhir

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Activity: 1096

Merit: 167

Friends i want to ask about a think that i realy cant explain...there is a token called AME that had an ieo price of 0.02...the token get listed on bithumb globale and the price down to 0.006 (bounty hunters and airdrops)...after the sell off end the price go up and stay a long time between 0.01 and 0.013...the team annaunced a new listing at mxc exchange and everyone expect a big incrass(the token had just 2.5 mln$ marketcap at 0.01) but what really happened is that the price decrass to 0.005 within one week and this make me confused...now the price is 0.08 and i start believing that what happened in mxc in the first days wasnt innocent

Who have an idea about the situation?

Topic: Dump just after a new listing? - page 9. (Read 1497 times)