hi bobcaticus
so why do you think price is so unstable and went down drastically in fact during last 2 days?
will it ever recover to level at least of 22-23 sat?
cheers
Hello. I'm quite new to crypto but know my way around economy/markets. Bought some POP as well few days back.
Someone impatient with a lot of stack dumped.
I mean I see a lot of dumped, like dozens of millions, worth above 10 BTC in this price. If I had them, I'd dumped them too
Take 10BTC and go party
Also, a LOT of coins and whole crypto took hits last few days. Korea, anyone?
Global FUD etc. While I can't say where it'll end up, I'd not worry yet. Also, since it moved from weaker markets to BTC; a price correction was due.
At least some.
...here comes the part that you buy back your coins at a higher price because you sold them to me falling for FUD.
Here comes the part when LTC and DOGE markets are back and the coins goes back to the price before the markets were shut down . You are not going to recover your investment this year , the price of POP its artificial because the btc market was the only one to buy these coins . Im so happy that i sold before i lost money . You shall see when ltc doge are up the price its going to fall like hell ...
Now, I don't wanna act smart, but you don't seem to understand much of these things do you?
Glad to see you had 1M; and took solid amount of BTC for it.
But, LTC/DOGE market has no impact on price. If ANYTHING, it could, from logical aspect, only rise once those markets get unlocked back.
Tho, keep in mind as well, that unlock can be at late January earliest, likely early February, if they're not late.
(since cryptopia team said, I quote - "it may take weeks" and that was just last week ago
).
So, why is it not relevant or it actually may help the price?
a) LTC/DOGE guys could already cancel orders. I bet you they did already anyway, since POP (and other such coins) holders could gain most profit (in start) - simply switching what they already had for BTC and at much more attractive price. Many call these events DUMP. Hence why it floated pretty much downwards for last several days. It's not like if they invested LTC for example in altcoin such as POP they got handicapped - quite opposite - what seemed as bad situation for those with market pause, after moving coin to BTC is now really good situation suddenly. Think about logic of this.
You said "the price of POP its artificial because the btc market was the only one to
buy these coins" and logic says "the price of POP its artificial because the btc market was the only one to
SELL these coins". Think about it
b) Further activities on other markets such as LTC/DOGE will just quickly correct in price towards BTC value, which is actually UP even with few satoshi value, and introduce 2 pretty strong sources of income that can only, pretty much, ENTER the market.
Well, that's it for now kids, hope todays's session of market wisdom helped some.
P.S. bobaticus told you the fact, just a bit shorter version
Good luck crypto marketeers!
(When I think about it, this type of talk basically is I guess an attempt to lower price with FUD so it can be rebought)
To be honest, I'd
buy more if I had funds, since dump is slowly over...
