I'm trading with cryptocoins for years, and IMHO I should say a lot of Verge coin traders are among the worst I have ever seen during my time.
For example, let's take a look at this image:
One of the basic rules to trade right and push the price up is never sell a chuck of your coin in one shot, to do it right you should sell it up bit by bit, otherwise it will push the price down and a lot will consider it as a dump sign (False one though) once such stupid sell walls will be trucked up, like shown in the previous image. A minute ago before the time the image was taken, there was some 45 BTC fake wall was taken down and the price was going up. I'm not sure what were they thinking by making another wall using their sell orders
There is some amateur whale which I believe he knows nothing much about trading and how to attract new investors. I'm talking about that one who keeps making fake sell walls of 45-50 BTC, making such fake walls (rapidly) will do nothing but it will push the investors away, in another words the price will eventually go too down and at some point it will hard to recover because the new investors will be worry about getting their money into a coin when some whale like that is keep pushing it down. The funny part among this tragedy is it will leave the whale at some point with big bag of no good coins (Bag holder).
For example, let's take a look at this image:
One of the basic rules to trade right and push the price up is never sell a chuck of your coin in one shot, to do it right you should sell it up bit by bit, otherwise it will push the price down and a lot will consider it as a dump sign (False one though) once such stupid sell walls will be trucked up, like shown in the previous image. A minute ago before the time the image was taken, there was some 45 BTC fake wall was taken down and the price was going up. I'm not sure what were they thinking by making another wall using their sell orders
There is some amateur whale which I believe he knows nothing much about trading and how to attract new investors. I'm talking about that one who keeps making fake sell walls of 45-50 BTC, making such fake walls (rapidly) will do nothing but it will push the investors away, in another words the price will eventually go too down and at some point it will hard to recover because the new investors will be worry about getting their money into a coin when some whale like that is keep pushing it down. The funny part among this tragedy is it will leave the whale at some point with big bag of no good coins (Bag holder).
i totally disagreed with you .. only 1 % i can consider what you said (only for SCAM coin )
if you had trade before with RDD or DGB .. then you can see the same BTC put on the wall but the Whales eat that wall in just couple of hours
so if you are going to trade some altcoin then must read about that coin
then Jump . dont see the wall
