Quote from: Trade_BTC on December 09, 2017, 10:41:05 AM

Quote from: Petr1fied on December 09, 2017, 10:22:00 AM

Quote from: ryan1685 on December 09, 2017, 12:05:09 AM

This makes no fucking sense, sorry but what is friggin wrong with crypto currency? I sold everything I had bought at .11 for .085 because it was tanking. Now today it is up to .12. If the general public just got news that this coin was about to flood the market - based on the facebook post that the wallet is going to be released next week. Wouldn't all the miners and people who own it simply dump it as fast as possible? If the coin is going to tank next week, why is the price still going up. Did I make the wrong decision? Should I be buying back in after taking a $1500 loss ? Or just wait for it to plummet? I have a put option for 100,000 units at about .03, is that just a pipe dream now ? I remember with eos, the same thing happened to me. But eventually it went down to .50

You really need to take emotion out of the equation if you're going to day trade (that's exactly what you're doing when you buy into a pump). Don't put all your coins into a trade, hold a sizeable portion to allow you to average down as the price falls rather than selling at a loss and getting caught on the wrong side of a bear trap.

All of you noobs in crypto seriously need to stop thinking of coins/tokens in terms of USD value. This was never even the point at all. When us old fucks used to trade it was xcoin/btc value and the moment you all realize that is the moment the whales will stop making you eat your own dicks because you are looking at crypto trading like stocks and its fucking not.

Coins value is btc not usd/eur/jpy or some other fiat trash currency.

Exactly, the main reason for trading alts is to increase your BTC holdings. The monetary value makes no real odds until such times as you're planning on liquidating your BTC into fiat.

ETN is being pumped because whales who own a lot of ICO coins want to build higher buy support to eventually dump into, it's as plain as day if you've seen this behaviour before. There will be many bag holders come ICO release day and the whales will be waiting to catch the cheap coins at the bottom (probably under the ICO price). I trade ETN primarily because it has volume and it's easy to make profits swing trading it but I for damn sure won't have any holdings or buy orders in any ETN market come mid-next week.

See you at the bottom.