That is the danger with pumps and if your new to trading in alts when they go green can seem temping to buy if you are not aware of the tactics they use to lure people in. Use it as a lesson and be careful with your money, we have all lost a bit at some point when we learn.
Pumps are easy spot when you see repeated buys of the same amount, they do it manually or with a automated bot. They will also fake volume by buying and selling low volume coins into their own wallets. Yobit is a nasty place to trade on and the more seasoned traders avoid it all cost for these reasons.
I saw everyone raving about this coin in the troll box when it was 100 sats but thought to myself man its a freaking meme coins this won't go that high, 2 days later it was up 600% =P
Pumps are easy spot when you see repeated buys of the same amount, they do it manually or with a automated bot. They will also fake volume by buying and selling low volume coins into their own wallets. Yobit is a nasty place to trade on and the more seasoned traders avoid it all cost for these reasons.
I saw everyone raving about this coin in the troll box when it was 100 sats but thought to myself man its a freaking meme coins this won't go that high, 2 days later it was up 600% =P
F* those tricks
I'm not sure if you're cheering or scaring me, after reading your post, I felt like selling my coins again and when I look at it, it's at 363. If I sell again, I'll be in loss again
Anyway, I won't sell again. If I lose, It will be a lesson to me to not get distracted and give attention to the green blink.
nice meme coin btw.
