shall I say lack of constructive comments and questions is why I stick to twitter or fluttercointalk.
Lets just say this:
Why is the price so low thekidcoin? Its because wannabe traders AKA market manipulators have huge offer (ask/sell) orders upwards from the current range (what you people like to call "sell walls") up and dump into rallies (what you people call "pumps") to suppress the momentum. It would take hundreds BTC or more to move back to the highs near 3000 if these people put up walls or don't move them. FLT traded a few million USD volume many days in the past.
How does thekidcoin know this? The kid traded S&P 500 futures at the largest exchange in the world for years. We don't use moving averages and charts - we trade order flow, volume and prices - which is why this is so easy to spot.
Thank you my friend for honest answer, so much nicer than the previous arrogance and name calling posts.
So tell me, why does these market manipulators gain from pressing the price down?
If the hold so many FLT wouldn't the benefit them selfs to press the price upwards?
Why spend all these BTC on a coin just to hold the coin down and risk losing BTC?
I'm so new to this all and I'm just trying to understand how these things work.
What do they gain? they gain Fluttercoins - they keep the market low to accumulate massive quantities
If you look at the offers they extend up linearly in an attempt to keep the price locked in.
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