SLR has become such a shitcoin. Every pump ends in a even bigger dump. I should have listened to cryptonick when I had the chance.
Don't get too exited for nothing.
Someone has been buying and selling his own stash for years now on bittrex.
I actually feel really bad for whoever is doing this. If you watch the market closely you can see how he buys his own stash to increase the volume.
In reality whoever is doing this is just giving away fees to bittrex. There is no other winner. This guy must be the worst trader ever lol.
And once he realises how much he has lost on fees, and decides to finally dump his stash, the price will most probably crash to nearly nothing. I'm glad I got out and I hope this serves as a warning to most people here.
They make 100% pure profit so the fees are not a factor. I hope you still made your investment back and some profit.
Bitcoin will keep going up in price and eventually SLR will be 1 satoshi as I predicted. This is a good thing though since at that point SLR will never lose value for any investors and if it goes to 2 satoshi those investors double their money. It is the perfect defense for Bitcoin to shake off all these alts and dilute them. But by doing so it grants the alts more power. It is a beautiful thing in my opinion.
When Globally Fiat Fractional currency goes the way of the Iraqi Dinar and you need a wheelbarrel just to buy a loaf of bread, then Bitcoin will be at 1 Million per coin. It is inevitable and right in front of our faces as 8 decimal places put it on pace with a penny per satoshi to become the worlds global currency.
When people will be forced to buy goods just to make their money worth something to hedge against inflation they will buy cars and not even be able to afford the gas. But having a car at that point is better than holding the inflationary currency. Just imagine applying this to Bitcoin now instead of buying a car everyone starts buying Bitcoin. The profits will be astronomical but people will not go back to Fiat since it is going to inflate and Bitcoin will only go up and stop the loss. It is self evident as a government could just own more Bitcoin than it holds in Fiat and hedge their economy. Magnificent mathematical glory!