Quote from: coin-investor on September 08, 2024, 03:43:04 PM

I'm not taking the premarket seriously; its actually a trap and you will eventually lose, Take the case of Dogs, Lbank did a premarket trading on Dogs, and their price is 10 times higher than its actual price when traded in the real market.

But this is something that will entice those participants to work hard to get more of Blums because what if the actual price is something closer than the premarket is trading?

It is something that will motivate you, but the supply and the usability of the platform is what make it sustain its price in the market, and I always expect the first weeks or months of listing as dumping time for weak hands who just claimed for free money and don't care about the project.

So I expect Blums to have selling pressure just like what happened to Dogs.

I never trade tokens and coins in the pre-market for the same reason, the price can have a lot of differences and that can be dangerous, whether you are buying or selling. What if you place a sell order for $0.01 at the pre-market and when you receive the drop and the listing happens the price happens to be $0.03 or more? You will be at a loss in that case. This is why I always wait for the official listing before I do anything with such tokens and coins.

For $DOGS, there weren't a lot of differences between the price in the pre-market and the listing price, however, there were slight ups and downs and I believe people who bought tokens from others at lower prices before the listing got some profit because the price pumped above $0.0016 before it dumped to $0.001 where it is at the moment.