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
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.
Any coin's success is based on this equation = Coin's achievements (Specifications + New/Exclusive Features) + Investors (Attracting new investors + Market Stability)
I never said the success of a coin is all about - trading how it's being traded -. Verge - and I agree with you - holds a promising future with its implemented (and what will be implemented later on) features, I was not questioning its features or what it can brings, however and if I may disagree with you, yes the stability of its price and its steadily growth and the way being traded of course plays undeniable role about attracting new investors to the game and specifying its price, especially when we are talking about its recent growth, the coin is still building a new floor for its name after long time of hibernation. Like any other crypto (or stock market), any investor at some point may not prefer to keep his money on (for awhile) with a volatile market when some whale(s) are keep pushing it down like this (periodically) plus the way it's being traded which leads a lot to worry about getting their money in and making it questionable to some point about how much the coin's price can reach.
By saying this I do not deny there will be always a price/market manipulation by few whales with any coin, but the way it's being done is either making the coin going up or it make it lose its some of its real potential to compete up
First and foremost I'm very glad to be part of a constructive and high quality conversation - your response exudes decency.
I agree with what you're conveying and I believe that essentially we're on the same page, in the same spirit and aiming for the same outcome. I believe my enthusiasm is a little more in line with bringing community awareness about the unavoidability of some traders coming into the space with slick trading tactics and with nothing more in mind than to make a quick penny. Their only intent is the exploitation of quality projects in order to fulfill their short term goals. These can sense upward momentum perhaps because they can see certain attributes, uniqueness or overall positive qualities of some projects, so they feel comfortable enough to even manipulate prices to a downward spiral just to gain buying opportunities.
The short term price pickers are unavoidable and they might be applauded by some as they move through the space and make their quick penny but it's also good to know and to concrete into ones' mind that there's a better way when it comes to investing in quality projects with promising futures. The more excellent way is investing in a project and maintaining that investment through the roller coaster ride until the foundation is laid. The fact is that when quality projects take off they become harder to manipulate. There seems to be an inverse relationship between the rise in price of a coin and the level of manipulation; the higher the price of a coin the harder it becomes to manipulate that coin. The opportunity to influence price will always exist but it becomes less and less accessible.
With a coin like $XVG, there are many plausible attributes: An amalgamated community, a real world need for our coin, a forward looking and responsive development team and a perfect timeliness for what we have to offer. I say Verge Currency has a future and I'll say to all that are willing to maximize profits by being patient, that you have found a home with $XVG.