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I sold at 135$ and it’s a good thing I was skeptical to put it back in last night but I waited I wonder if 100 will be new support looking at were it jumped last year
A buddy of mine told me about all this stuff about 2 years ago, saying this will be the way of banking, no middle man for transactions, and back then you know crypto had maybe 1%-10% attention of the world being that it was so new, plus having more and more skeptics and just a bunch of pump etc etc.. as people are saying now, then all of sudden come August-December it seemed as if these whales jumped on board to drive up the price, and along with the new technology in this sort of sector. Blockchain etc etc.
You probably know what a float is in shares. If not they are the shares available for common traders like us to buy. The cryptos have the same thing. Except it’s a limit of coins available to the public to buy on a market. Take ripple for example it will move slow because of how many are available to buy, somewhere in the billions I think. Bitcoin and litecoin will move a little faster on up trends and down trends because there is a smaller % of coins available. https://coinmarketcap.com/currencies/litecoin/ 55milion in circulation and 84 million available.
Bitcoins is 21 millions available.
And ripple has 100 billion. Witch is why it’s going to take volume to make these move. And right now most of them have no volume, under 500,000 as of now, so most people are seeing bot trades going on thinking it’s real people. They get scared and sell.
This is just what I seen for my past 2 years of watching it. And seeing how may “people” where dead wrong. The fact that lite pay didn’t fall through should be an amazing feat.
I’m going to give an example. Let’s say their is 500,000 in volume, multiplied by 167$ is about 68 million dollars. This is just hypothetical, 100 people dividend by 68 million. Is 680,000$ per person invested. The person count could go to 1000 people are trading lite coin and that only accumulates to 68,000$ a person per day or per hr.
Point is, is volume make the price soar or fall. Low volume usually make it fall.
Misunderstood
I’m going to have to defend him. Cause I’ve learned a lot for him. But I would look into those for crypto they are actually cheaper then you think. When you have $$ to use a bot for the stock market I would too most auto bot trading on the stock exchange requires more then 50k i think TD has one for 25k minimum.
Crypto trader is what I strongly recommend
I wanna agree with you people are flipping for small profits. But I wanna say majority of trading is done by bots. I read about this 2 years ago. But not one of you guys have posted anything about this. Some of these bot are way cheaper or in then the trading bots for the stocks. Just wanna hear some thoughts.
https://www.google.com/amp/s/themerkle.com/top-6-bitcoin-trading-bots/amp/
I can’t I got three options bank American Express or bitcoin
I don’t wanna sell just to buy bitcoin to transfer my funds over. But it would be nice to play around with others rather then just what’s in coin base.
The charts going to look like a wavelength. 130-140 seems like support and resistance due to low volume and how bot trading is ran. So we shale see. :) gl
Still low average volume hodl
The reason so many stocks have fallen, is because of how many ppl are scared low volume doesn’t work to raise a stock. No one knows where true bottom could be. But chart history does.
But low volume is cause allow the shorter to win. But you can’t get scared and slow it to happen to avoid short interest they have to buy back at some point. But under 50,000 in volume isn’t good since this has such a low float
Also noticed that they posted some updates and TD had some news out yesterday. I read it and what I got out of it was that the lawsuit will probably fall through. They had this on all three articles.
“Investor Notice”
“Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements under "CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION AND STATEMENTS" and that are described under "Risk Factors" in Part II, Item 1A of our most recent Form 10-Q for the period ended September 30, 2017 filed with the Commission on November 13, 2017 and subsequently. If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See "Safe Harbor" below”
Shorts winning but also a low volume?imo
Get on trader app by TD Ameritrade it’s free to have, or sink or swim for the computer. Good level 2s.
Haha totally agree wish I didn’t sell me 10 I had when it was 45$ I ended up selling at 120$ back in December then kicked my self for doing so but greed can kill, so charts have been good. Hopefully the bulls are still in full force at this 200 sma
You all sound really ignorant
I think the support is at 138 it’s on the line of the 1yr 200sma we shake see some time tonight. I guess
On our way back up
I don’t read business journals sorry
Where do you see this?
And sorry 82,000 in volume. Today.
Please......
A reverse split isn’t the worst thing unless institutions dump. If they accumulate more after then the pps should stay relatively the same, don’t tell me other wise cause I see what your saying. Some stock have drastically plummeted after a r/s but others have flourished. So it’s all going to come down to what you wanna do before and after the split.
Say you buy 100000 for 30$ and a 1/100 split happenes, when. You would have 100 shares at .30 cents. Or 30$, you buy more the pps goes back up. You dump those 100 the pps goes down, because they are split shares.
It’s ran by ACI the same ceo. He’s doing he best for sure. ACI is a private investment firm. Obviously ppl still aren’t getting the potential here. And as long as weed is federal no profit can be shown from “thc” sales. But when Canada goes recreational in June. We will see another jump in the pot sector. IMO unless it’s Cbd water sales start show 3-4 is prime support. IMO been here for a year.
Uh I bought this back at 3 and held till .001 so yeah hope my 3s get filled
Those 2$ shares look prime right now shoulda coulda woulda I guess congrats on y’all
Good to see. I’ve been holding strong divisions are nice
61,000 in volume,we need more >:(
I’ve accumulated more, if my other stock sells tomorrow I’m going all in. IMO
Let to his other scams??
Look if you got in late and have more to lower your average I’d do it. IMO but right now the lawsuit has scared all volumes. April we will see what the verdict is. But again I can’t stress enough. That this was not a pump and dump. They announced the name change way before bitcoin had its run to 19k
Long Island drink company and marathon patient group were the next to go in to the Blockchain sector. But a lot of otc stocks have been mining a lot longer. But they all have to many outstanding shares. Riot is currently at 11 million and 8 million on the float. https://www.marketwatch.com/investing/stock/riot
Still at the green 200 sma come on bulls where are you? Lol
That 138 bounce I believe was off the 200 sma as well but the sma has gon up I wish I knew how to post the chart I look at
Lol I did at 138 what, two weeks ago.
Or major support depends on how you see it. Everyone has an opinion and a strategy
Almost a double bottom imo
Lol on the 1 year chart, I think it going to bounce off that 200 Sma
There ya go
Just put it on your watch list if your a skeptic. By my statements still stand. IMO good luck.
Should have posted a link it would have been more believable
3s and 4 seem to be support as I did the same except I was out at 9
I saw that on the l2s lol a big order is in around that