Does Price Rise in the Lead-up to the SmartCash SmartReward Payout Date and then Fall Afterwards?
Hey guys,
With the SmartCash SmartRewards payout on the 25th now only 3 days away, I thought I'd take a look at answering a question that I see asked quite a lot, but never seems to be definitively answered:
"Does price rise in the lead-up to the SmartCash SmartReward payout date and then fall afterwards?"
Remember that every wallet address holding at least 1000 SmartCash will get paid each 30 days on the 25th and the snapshot for the next month will happen at the same time.
So with this in mind, common sense would tell you that savvy traders might in fact buy SmartCash in the lead up to the snapshot, hold for the two months required to receive SmartRewards and then look to dump them all after the the snapshot that they receive their payouts.
But does this actually happen in reality? Take a look at the chart below:
SMART/BTC Daily
I've zoomed into the daily, only showing the last three snapshots because the huge January pump and subsequent dump, had nothing to do with traders buying and selling for a month's worth of SmartRewards.
You can see that I've marked the 25th for the last 3 months and... there seems to be no pattern of the SmartCash price rising before the SmartRewards payout and dumping after it's been completed.
Myth Busted!
Markets never work in a perfectly efficient or predictable manner, because if they did then there would be no room for speculation. They're made inefficient in order to present trading opportunity for the intelligent few.
As a result, you have to think about trading from a how and where are people positioned rather than what is actually happening in front of your eyes.
Don't be the dumb money...
✌🏻.
To learn more about SmartCash, visit smartcash.cc, @smartcash on Steemit or @scashofficial on Twitter and don't forget what Team SmartCash on Steemit is trying to achieve.
@forexbrokr | Steemit Blog
Market Analyst and Forex Broker.
Twitter: @forexbrokr
Instagram: @forexbrokr
The right job to play the market price we have to have additional. every paying must be on time. Smartcash still commit.
Three sentences that make no sense at all...
Well articulated, so how do you see the future?
That’s a very broad question 😂.
Many investors have probably no idea how SmartRewards work and that the 25th is the day for the snapshot. Also, getting SMART for one month worth of SmartRewards is not really a good idea. It works much better to hold and wait and accumulate compound interest. I think I will hold at least a year and then see what's going on with the price and everything. Then I might sell all or just take the SmartRewards out.
Thanks for busting this myth mate!
@smartbot tip 30
Σ$$$ Tipped @forexbrokr
Σ30 SMART! Comment@smartbot helpto claim. Currently the price of SmartCash in the market is$0.098 USDperSMART. Current value of the tip is$2.94 USD. To find out more about SmartCash, please visit https://smartcash.cc.