Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CLOAK] Private, Secure, Untraceable & Decentralized Digital Currency
by
gloana
on 09/02/2020, 07:18:29 UTC
Are there clowns at the controls?
QB.COM offers a CLOAK trading contest with a >>Minimum price to be traded: $4 USDDT at rate<< while the current price is $0.20 on livecoin and stex the only two other exchanges  "100% operational" but where KYC is required (anonymous currency?!) trading and distribution of CLOAK for mass adoption. Did you notice that there is a problem there ?! it's equivalent on qb.com of +12.000$ in USDT to start the contest. Do you really think you can make volume with this rotten strategy?



Livecoin and stex prices are fake prices, only bots are trading the spread there, no real buyers or seller and the few bucks being bought or sold from humans there, they do not make a market either! the real price for CLOAK is in the double digits, and as long as people are not willing to buy up the gap to the real price, as long as everyone is waiting for the others to start buying, it is not gonna go anywhere. And as we can see on Stex and Livecoin since months, nobody is willing to sell large amounts of CLOAK there for potential "investors" at the "real price". I really have doubts, that if there was a "large" buy order at 1k or 2k sat there, nobody would dump their precious Cloaks into it, i mean real dumping, not these small amounts traded by bots. Mass adoption also needs a fair price for people to be able to use a "currency", especially when there is such a small supply of 5.4 Million coins! Remember, a stupid guy paid 20000 BTC for a pizza many years ago, knowing that BTC is limited to 21 million coins for all humans world wide and probably there weren't even 10 million of BTCs mined at that time. Really crazy, isn't it? Well you can buy your next Pizza with an ounce of gold.

Besides that, I don't see the trading competetion is a MUST, you can make volume at your "real price" there or try to get a dump into your "real" price by placing a buy order.