Let me teach you couple things, as it seems you will be headed for some really rough waters here in cryptoland, if you continue with misunderstanding the blockchain, markets, and ETN itself

No worries, thats why Im here to help the thread "stick to the facts" and point out the counter-point when too many members in the community are looking at things from one vantage point.

Let me clear up the confusion.


1. The more time you wait does not always mean "the more they will go down"


2. As someone has pointed out, this insane amount of ETN you seem to think are stuck, is actually an insane amount of people that have decided to HODL.

This is not surprizing considering the 14 thousand transactions ETN made on day one is 3000 more transactions than the coin we forked (monero) has ever done in a day in its history. This is notable because Monero is a Top Ten coin with a marketcap in the BILLIONS. This is promising because it ETN will have over $1 a coin in price to match/pass moneros MC.


3. Markets cant be analyzed as you would propose they can. We would all be millionaires tomorrow and crypto gurus, if all we had to do is look at buy/sell orders and know what will happen next.

This is a myth and common mistake made by newbies and inexperienced traders.

The reason this will never work is because many traders buy and sell at the current price, instead of placing orders to buy higher or lower than the current price. Many believe buy/sell orders are an indication of what those buying at current price will do, and this is far from true.

From coin to coin, day to day, and hour to hour, the precentage of buyers/sellers that dont wait, can also swing drastically.

Careful as whales also place fake buy/sell walls just for the people that havent learned this is a bad strategy for trading.


4. ETN is not a token, and in fact, DOES have its own blockchain.


5. Find me someone who would characterize $.06 ETN as a "bubble"