Topic: Many coins are pyramid system market exchange data doesnt tell you that (Read 136 times)
December 08, 2017, 01:41:50 PM
Thats the truth and it hurts me alot,i am a technical analyst and this market shows that T.A hasnt been a factor here,fundamentals are more dominant in trading cryptocurrencies.I saw some whales in pump and dump groups taking advantages to steal new investors money and that is sad.
December 08, 2017, 01:05:16 PM
Many coins are vast and difficult to evaluate pyramid systems, many traders who are here are completely not aware about that, there are some very few people that own a vast amount of the coins on the market and they could at any time drop the market value of the coin into zero, statistic and trading analysis is useless here.
take miota as an example, just because its traded currently at 4.34 usd doesnt mean that value is sustainable if the currencies owners need to cash in they simply sell a billion token for 1 or 2 usd
you are then done with your investment
take miota as an example, just because its traded currently at 4.34 usd doesnt mean that value is sustainable if the currencies owners need to cash in they simply sell a billion token for 1 or 2 usd
you are then done with your investment
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