Spreads are awful, but there just isn't the buy support we need to cover the high asks. Not a good state to be in.
BTC is getting dumped for precious metals with good reason. Excellent reason. Alts are suffering worse, dependent on the BTC/$USD price, because idiots still keep looking at $USD prices to value their alts; the $USD is dying, and the sooner people get this, the sooner alts can be more resiliant to BTC bears and manipulation. UNO has held up very well compared to many other alts, but I'm pretty damned sure selling of UNO to generate some BTC for RZR this weekend filled the bids, and those bids, usually replaced, weren't. RZR took the wind out of UNO, (for now).
Well, it's basically a buyer's market. I'm in it to win it, too. Buy physical silver, buy BTC's, buy UNO, maybe gold, and maybe even buy RZR? - you'll win in the end, as long as you have patience, and don't actually need to spend that stored wealth right away for expenses. UNO is a long-termed savings account now more than ever before.
I'm sorry to say this from a compassionate point of view, but I can see UNO around 0.002(-). IMHO alts should suffer in the next 3-4 months, while physical PM's are where it's at. On the other hand, whenever I get some extra funds, I will be buying the cheap UNO...and silver...and BTC...and....
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Still, if we can just build interest in UNO with getting the word out, advertising, etc., and before that get merchants to accept UNO, we can build an alt resistant or independent of the alt crowd's issues. A stable coin at 0.002, with a tight spread, and plenty of interest will be much easier to "manage" for us significant players, and will be attractive to merchants. ....And then no vested party, including merchants, will mind when the price gradually rises. The slower, and steadier the rise the better. ...A "well-managed" coin is preferred.
Get it?
Agree?
haha. Tight spread - not for long in uno
Bring on the spread-bots people!
uno at 0.002? Also not for long. Crypto is volatile and the spread could be warranted. I don't mind it.
I will not sell uno for less than what i bought it for in terms of btc-price. So i don't agree but see your point.
The truth is: market is manipulated through cryptsy. Maybe the dumps are fake volume. Cryptsy lets you sell to yourself - no problem.
I see: the sellorders do not move down that means it is oversold. That is a good sign. I will not move my sellorders down only to accomodate others. If the spread is like this why not? Use it to your advantage.
This coin probably wants to be traded at around 0.02 with a tighter spread?
I don't see people selling for less. I see manipulation to surpression coming to an end because of that.
Bukle up, buy the dumps for as long as it takes until the bears are bought out and then let's move the price to a place where it belongs.
I will not sell lower only to close a spread. I will continue to drive up lowball buyorders and hoard this coin hard. Watch litecoin.
Yes, please sell ltc for 5$ and uno for 1$ to me. Thank you. I am taking it.
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