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).
So am I to conclude that the success of a coin is pegged to trading tactics? A fine trading strategy will attract new investors? How about the objective of the coin, the development behind it, it's ground gains as it relates to adoption and a great community behind it; are these meaningful? I agree if one's objective is to pump & dump and make or loose a quick penny than the suggested tactics might matter a bit, but if the objective goes beyond childish gains then one should keep focused on the long term strategy of a coins' end result; that is to say on a coins' adoption according to its intended purpose.
If the a coins' objective is to become a transactional currency then each time it's implemented in commerce or as an exchange of value one could say the coin is moving forward and gaining in value. That's the focus of Verge, we're a currency that's focused on privacy and its long term value is ultimately tied to its adoption.