Bitcoin Forum

Did you know that someone bought up approximately  $235000 USD worth of SNX tokens this week, so it greatly helps to get big profits for SNX tokens holders and it is the best time to buy SNX now or wait some time to buy SNX tokens?

I guess you're right someone investing a big amount of money in SNX token. If you check in the coinmarketcap the volume pump around $700,000 in Oct. 18, and as you can see in the past 3 months the price slowly going up. Seems this token is quite good investment.

i guess its a good time for SNX holders i wonder what happened haha
i havent heard of that token myself, guess i missed that one, oh well cant catch them all
im gonna see if it looks like it will keep going or pump again, seems like speculation is all these damn tokens are good for nowadays :P

Someone can make profits if you are buying that token,when the market cap of a coin is low then it can be easily manipulated that is what the intention of this big trade order on that week you were mentioning.Don't buy just because someone bought it when it comes to low market cap coins.

The way I look at it, this is not the perfect time to buy SNX. Why buy in the middle of a strong pump? This has always been the wrong strategy. Buy high sell low, is that what you are trying to ask? The ATH of SNX was recorded at around 0.00009 in BTC and as of this moment SNX has already climbed back to as high as 0.00008 and more. This is really a wrong entry point for buying as far as I am concerned. I would choose to wait for a while for the price to correct.

I think we missed the best time to buy SNX tokens.
The right time was before that 235,000 usd bought.
But I hope that is the kick start of the pump in the market.

I have tried to figure out its recent news and development but I did not find anything at all and its current price is at the top.
right now is not a good time to buy it because the price is at its peak and there might be a correction happening later today or the next day.
wait until the correction happens and then buy it.

Do you have the transaction details for it so we can check whether the one buying it really are the investors and not just the group of people that are expert in hyping the price of any coins/altcoins that they like.

If the demand really increase then it is good for SNX tokens but most of the investors will not go to the flow instead they will wait for it's price to goes down before they will buy more so they can get a huge profit once the price will double in the following days or months.

It is not wise to jump into a coin that is going uptrend, except you feel like taking such a high risk. However, the amount you said someone bought compared to the 24 hours volume is not realistic per we. Are you really sure someone bought such amount and has been able to sell to get such a high profit? I just find it hard to believe.

I think something like that can be good news and also bad news. The good news is that the price of the token can increase instantly with the volume as well, and the bad news is that if the person no longer supports the project, then the beautiful thing can be terrible. The first thing is a significant reduction in the price of tokens and can disappoint small holders and new investors, it will really be a massive dump if it does not have strong support. The second thing is that this holder can control and manipulate the price of the token if he wants to play it together with the other highest token holder.

And did you know that when this SNX token holder sells it will surely be a nightmare for the people who buy it today?

It looks like it will only control the SNX market and when the price goes up, it's likely to fall sharply. So be careful about these invesments because they are just like pump and dump.

Umm...I don't know about that, but I do know that's one hell of a lot of money to be spending on *any* token.  I bet you someone is just trying to pump it up so they can dump it for a profit.  I am positive all of you know how that scheme works.

That's absolutely correct, and that's how this game happens.  I don't have a doubt that any price increase in this token will attract the attention of traders, but it's a stupid move if anyone buys it on the way up.  That's just asking for a whole lot of pain.

Yes, the volume for today reaches 767.39569917 ETH, I think this is a tremendous increase. But whether this will survive well. If we buy now, I don't think it's the right thing, because prices are rising, not prices are down.

What matters is how good the project, if its not good enough you will end up losing money, make sure the project has a real use case or working product, big invested money like this might be misleading