Post
Topic
Board Marketplace (Altcoins)
Re: [LEAF] Leafcoin buy/sell thread
by
ozgurs
on 28/01/2014, 12:41:29 UTC
Yeah, probably I am wrong...

But then again:

TOTAL SELL orders: 24.42 BTC (was 19.44 about 15 minutes ago)
TOTAL BUY orders: 6.89 BTC  (was 8.27 BTC about 15 minutes ago)

SELL/BUY ratio went from 2.35 up to 3.54... it means that they are 50% more people who wants to get rid of their LEAFs NOW as they were 15 minutes ago. But hey, probably I am wrong, and you should hold...

Ok, I'll try to explain again. Putting an order @100 satoshis doesn't mean that people want to get rid of their LEAFs. That's realization. You can't hold your money forever. You'll sell at some point, at some profitable point. Orders at some extreme points are meaningless. You can't end up anything with them. Just look at top 5 buying and selling orders. You can see the direction of movement from those orders. Probably, total sell orders for all currencies are more than buy orders. Because everyone wants to sell his money at unrealistic, utopic prices. If you still insist on that means everyone wants to get rid of their money then I don't have anything to say. I really want to put a 10 btc buy order @1 satoshis to convince you that this currency will go up, but still can't trust coinmarket.io.