The one token that is mooning

in #cryptocurrency6 years ago
I should preface this post with a warning: this is just my opinion, please do your own research, as I'm not responsible for your money. I know that plenty of people online love making predictions and it's kind of fun to imagine one can read tea leafs like that, but honestly absolutely no one knows what is going to happen in the end.




The little coin that could


Putting silliness aside for a second, I'm not really surprised something this crazy is happening. Maybe you've not been paying attention to the BitcoinCash Satoshi's Vision Chart lately, and I would not blame you. After all the whole fork has been a spectacle of disaster.

That being said, these are people with means, people that don't mind spending fortunes to "win" a battle of egos. You might already know that the hash war has been costing it's participants more money that you and I would know what to do with, but are you aware of what they are doing with the coins mined?

Satoshis Lesion


Who would have thunk it? The only "bitcoin" mooning at this very moment. Why? Why would anyone be buying up this token that was obviously born in turmoil and emulated ideology? The answer of course is nothing that would give any of us the warm fuzzies.

In other words, there is an extremely high probability that the market is being manipulated in its favor. This however, should be about all we need to know to already read the tea leafs and predict what is about to happen.

You see, sooner or later they will run out of funds to keep on propping up the price as you see on these charts. Their attempt to take down BitcoinCash ABC, and Bitcoin is a futile attempt to say the least, and it's bound to arrive at the train station of regret.

My prediction


More people will FOMO in, chase Satoshi's Lesion and possibly push the price for a few more days, maybe even a week, and then plenty of people will learn a valuable lesson in the most painful of ways, right in the pocket.

The dumping these manipulators are probably doing at this very moment, might dwarf some Mt Goxian moves, and I would not be surprised if some numbers being to show up in some online reports very soon.

I, however, will watch the whole charade unfold safely from the sidelines...

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Always pleasure to read your posts.

!tip

thank you for your kindness! :)

You are absolutely correct mate, this coin is led by a scammer and he is probably pumping his own coin so that people start buying in and maybe it can flip BCHABC in terms of price which might cause a bit of stir in ABC camp. I don't like any of them so I am staying away from it.

Posted using Partiko Android

Oh look, a ladder!!!! Should we climb?

I think it's reasonably risky for people who are just interested in the profits.

Might be worth getting in on a long and then put up a stop-loss or take-profit order in there somewhere.

Again, not a financial advice. (I love how this sounds)

Haha when I saw the tile I saw you meant STEEM haha

Posted using Partiko iOS

Yes @meno ...

"In other words, there is an extremely high probability that the market is being manipulated in its favor."

... definitely agree there is a lot of manipulation going on. And I don't think it is, by any means, limited to this recent nasty BCH fork ...

Us "little people" can only hope, I guess, that ultimately the "good guys" prevail over the "bad guys," in the end. And that we'll be able to distinguish which is which ... 😉

Until then, like you, I am watching this whole BCH mess from the sidelines, but buying "dips" steadily on others, like STEEM ... 👍

Posted using Partiko Android

Agree with the assessment as I haven’t even looked at either of the forked coins since it started as it could be seen that it was going to be ugly. Ironically, I think that the winner here will be Litecoin as they have a great community that is fast for transfers. I have started using it for my Steem purchases and feel that it works pretty good.

Posted using Partiko iOS

I use Eth. Which is faster? Im sorry I've never checked.

I believe you're spot on.

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