TerraClassic, UST, Terra Luna 2, all pumping ! But why ?
I hear they're burning a lot of tokens... but , still doesn't make sense. The supply is still gigantic... especially Terra Classic, UST is still DePegged by a mile... AND Bitcoin is going lower and lower !!
WTF is going on !!
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FYI
I just double checked the "See replies to your posts" feature ( as I had done prior to posting this thread ) and the other thread is STILL not there. My thread " Is Celsius in trouble ? " that one is there, nice and clear. So it's not my fault this site can not update properly.
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AAhh... so my thread is here after all. But I can not reply to the other thread I started in the HELP section. Seems fair...
And FYI... I did check my "see replies to your post" prior to posting that , did not find the thread there, it was gone
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So here's another case of "shoot first, ask questions later" My two page post called " Is trading volume an important metric? " Just got deleted by moderators. It had about 15 replies, most of which were highly informative. But just about 2 hours ago, I posted something the moderators didn't like, and boom ! whole thread is gone. WTF !! What is this ? No freedom of speech ? So this is pretty much another Reddit ? Okay. And FYI, the offending comment was about an Altcoin that had gone several million percent in one day, and no, it's not me trying to pump a new scam coin or anything, this really did happen, I took screenshots and have proof. I won't name that project because the moderators really pissed me off here, so now you go and find what this project's name is.
So Moderators:
Next time something sounds unbelievable make sure you check your sources first, and don't rush to conclusions and delete the thread because it might just be true, as in this case.
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Actually checked my numbers again.... the coin I was talking about went up several million percent ! I may start a new thread on it soon
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People, I think you were all wrong.... One of the Alts with zero trading volume a couple of days ago just went up nearly 1 million percent in one day ! This has to be from a large purchase... probably not even that large as the price of the coin was 0.000000... something. So yes, you take something that low, with zero trading volume, and make a big purchase on it, can make the price go up dramatically as it happened here. Not only that... the price stayed up ! Some of you experts check your numbers again... this is LUNA all over again, except it went from zero to nearly 100 % in one day
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Pardon my ignorance but, what is a strong order book ? You mean the buy / sell orders listed ? That's not a metric you find on CoinGecko
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Okay hold on, if Celsius is really in trouble, why is the price pumping like crazy !?! Wouldn't you expect people to be selling like crazy ?
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Holy crap I was considering putting 90% of my holdings in Celsius ! I thought their VISA debit card was the best in the business ! Also was looking for a chance to buy the CEL token ! Damn !
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It's highly likely it will crash back down again though, even lower than before. FED interest rate spike is still to come. Also, I've seen giant spikes before ( in price action ) that went right back down , so this could happen too.
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Whoa ! Several low cap Altcoins are now at zero trading volume !! Even some of the good ones ! Okay so lets explore this.... if trading volume is at zero... does that mean that any purchase would make the price go up ? ( in theory ) So then would it be possible to push that price upwards by making a not so small purchase ? ( like $1000 or $2000 ) If this is true, then you could in theory manipulate that market in your favour, and get possibly a 2X or a 3X out of it, if trading volume is zero. I'm talking about very very small low caps though, which are already 0.00 something at least.
In case you think this is impossible... I saw it happen with one particular Altcoin in the top 1000. The price was so low a few days ago, I think it hit negative 99.8 per cent or something, that one large purchase made it go up 950% in one day !! Only in crypto !!
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One of the Altcoins I hold has a trading volume of $120 ! ( no typo ) And it's doing very well ! ( up 9% today ) It's not a meme coin but ranked seven thousand three hundred and something.
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How do you check the "order books" ? I'm only using CoinGecko here Trying to decide whether Celsius is a good buy or not
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How important is trading volume when trying to decide whether to invest in a new project ? The higher the better ? But if people are "selling off" like crazy wouldn't that also mean a high trading volume ?
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Celsius to blame for the latest crash now ? What is going on here ? I thought Celsius was the safest bet in town after Binance !
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The Star Atlas Wormhole is also known as ATLAS... there's where the confusion started. PancakeSwap did not have ATLAS listed, so I tried to add it manually, but it seems I added the Star Atlas wormhole instead ! To make matters worse, I traded 0.8 BNB for 3537 ATLAS ( wormhole tokens ), which means I spent about $250 worth of BNB and got $25 worth of ATLAS tokens back ! Yikes ! When I wanted to know WTF happen here guess what I got ? PANCAKESWAP OFFERS NO CUSTOMER SUPPORT !! Great So I had to talk to my buddies at Exodus and they explained to me the Price Impact was set to 85% because it's a low liquidity token, so in theory, I ended up paying 85% more than the market value, however ! I think you would agree I ended up paying nearly 10 times more !!! And you wonder why DeFi hasn't gone mainstream yet ! Can you imagine how would the average person react when they learn they lost $250 on a stupid purchase just because of a technicality ?
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HOLD ON HERE ! Does that address belong to the Star Atlas Wormhole ?? Did I buy the wrong token !? I went to Pancakeswap, added an ATLAS token... traded 0.8 BNB for it, and now my Binance Smart Chain shows I've got $28 worth of ATLAS ?!? WTF !? Or did I buy the Star Atlas Wormhole by accident ?!? Somebody please help ! PancakeSwap offers no Customer support, neither does MetaMask !!
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LABS Group. Tokenized Real Estate, not virtual lands, real properties tokenized and fractionalized. They even have yield returns I think.
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Anyone looking to get into Silver this bear market ? Tokenized Silver may be the answer. Just discovered it yesterday so I'm still doing my own research, but it looks promising.
Aurus Silver ( AWS )
Aurus Gold ( AWG ) is also available, but it's up 27% since yesterday... so something doesn't add up here, or maybe I'm not reading it correctly. Does this token track the price of real Gold ? or is it something else altogether ?
They also have Aurus DeFi, where your AWS and AWG can be staked I think. Of course DeFi is going through a bear market as well so not much happening there ATM...
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Not talking about the artist getting a bigger piece of the pie here, ( I think Audius covers that ? ) I mean, is there a way the average Joe can get a share of the royalties for a soundtrack or an Album ? It would be amazing ! And I think that idea already exists somewhere on the blockchain...
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