Bitcoin Forum

So let me start by saying that I do not have over a year's worth of experience with cryptocurrency in general. Ill get straight to the point, so i was fooling around on the Yobit exchange and I bought over 45 million of this coin called Lizun for .00000662 DOGE a piece. A few days later i decided to sell all of it for the same price because I figured it wasnt going to get pumped or anything. Im looking on yobit today and it was pumped over 10,000 percent with a huge trade volume and is now trading for 410 doge a piece. Did i really screw myself over? Or is it a fake pump or some kind of manipulation.  I feel like i did, someone please help :(

Of course you screwed up! Well, at least it's good that you brought yours, not sold it on drawdown. In General, in such purchases, you need to own or insider information or buy such information. Who and when will pumpit coin. You really hurried. And by the way the volume of this coin can be found on another exchange. There are a lot of them now .

Yeah im looking at all these buy orders i could have filled...because i had 45 million of them.... F U C K

Those Lizun's you've got before weren't the lizun now that was being pumped by yobit itself.

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As far as I remember, they did some redemption thing that made the price before so if you ever got more than lizun before, it will be lessen after that redemption.

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That coin is just an obvious pump and dump coin and its market is totally manipulated.

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Don't feel sorry about it even you got those lizun's before, you won't get that profit you are calculating now.

Okay thank you for clarifying, that takes some relief off my shoulders  :)

It's a very good lesson for but you & i to learn from. Business is all about risk taking and you should try as much as possible to put anxiety away in business environment.

Based on your numbers, it is x61,933,534 increase. But glad that it's not the same Lizun.. I have the same regret for not buying PCN. Could have x100 profit

It's same LIZUN. But price was likely manipulated by yobit after OP sold all his LIZUN token, that's why the price was pumped up crazy like that

Haha! Most of us experience this kind of situation. As we are just new to xryptocurrency this is likely to happen.  We can't effort to loss our capital that's why we sell our coin because we are afraid to dump again and loss our money. But today, as we getting mature to this system, we now develop patience to hold our coin until such time we gain profit.

Just forget it and look for other altcoins for investment. In case yobit falls 10 times I'm sure you will scew up yourself again for not selling at the same price.  ;)

Your welcome.

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I was feeling the same as yours so I have looked for some comments about it and glad I've found that reason so there's no need for feeling regret about it.