Post
Topic
Board Altcoin Discussion
Re: Monero / XMR Wall & Difficulty Observer / Trading Speculation Thread
by
@cryptopumper
on 17/06/2014, 15:30:59 UTC
I for one think this is a great thread and thing you're doing, learned a lot just from your latest post  Tongue subbed

Thanks brother!

I'd like to warn everyone that whales are definitely at play on the Monero market.

The strategy is to set a huge wall and dump in one direction - causing a run on the price. Then, simply eat up all the buys/sells that go down and then reverse course - wall the other side.

Unfortunately, this scares a lot of people away from the coin, and I think it did just that yesterday. Demand has really stabilized and it killed the trollbox "buzz" in favor of Monero.

Afraid the bull rally is over at least for now. Shame on whoever did that.

I prefer just to swing trade and tout coins for weeks or months rather than day trade  Grin