The thing about SPR is that massive decline back in Feb was due to the lead dev abandoning the project and the recent sudden pump was mostly me personally buying in a few hundred thousand coins. Since then, it has been announced that the project is being resurrected albeit with a change of direction and new team hence some fluctuating low volume market movements.
What pissed me off was RyanPumper posting graphs of that action and claiming that he predicted it even though he didn't post these claims until after I had pushed the price up for a while. Did RyanPumper make a profit on a coin that was averaging 1BTC volume a day....a week in the past and well before the relaunch was announced? I highly doubt it. I personally believe he found an impressive looking chart and included it in his weekly "prospectus" to lure more people into his little club.
Don't get me wrong, I don't begrudge the man anything. He is clearly good at making money. I personally think that he has enough skills to make money without misleading people though.
Ryan posted a cheat sheet for SPR way back in December 2014, two months before that February drop even appeared on the chart
He wrote, way back in december 2014, that after pumping, SPR has a pattern where it drops 60% or more in value
if you know how low the price of a coin is going to fall, then you have the perfect buying price
SPR Price Rhythm
On Dec 19, SPR was priced at 40,000 Satoshi
By Dec 22, the price had fallen to 15,000 Satoshi
Exploitable behavioural trait: 62% loss in value
From 15,000 Satoshi, SPR shot upwards and landed at a price of 49,989 Satoshi on Dec 28, a 233% profit
By Jan 04, the price had sunk to 19,001
Exploitable behavioural trait: 61% loss in value
After leaping through price range, after price range, SPR has declined by 60% or more, on two separate occasions
These exploitable price movements occur over and over again, making it simple to gauge the most optimal buying-in price.after Ryan predicted a 60% or more decline in december, what happened?
well the price declined 90% by feb
and after that big feb decline he put spr into his picks on the 26th of Febuary which was literally the bottom of that decline at a low of 3,950 satoshis
under the picks you can see he wrote that the coins are sitting at a -70% or lower decline
He wrote this cheet sheet TWO MONTHS before any of this price action occurred
The implication being, where there is intelligent accumulation (shaking of the trees), there is the anticipation of a major price move.
As more and more perceptive traders pile in to take advantage of this accumulation, the price breaks out of accumulation range naturally. And being that the novices and weak hands have been completely shaken out of the coin, there is absolutely no sell resistance at this point – allowing prices to climb freely
Now. Whilst the novice avoids low volume coins. The skilled player realises the difference between a dead/dying coin, and one that is being accumulated in preparation of distribution.
The skilled player understands that every coin has its maximum capacity in terms of volume, thus coins with an above average 24hr trading volume are not looked upon as profitable opportunities – unless there is above average demand (which is rarely the case).
This SPR trade, was born out of the simple fact that I had observed a recurring pattern, a particular strain of behaviour being exhibited on more than one occasion.SPR Price Rhythm
On Dec 19, SPR was priced at 40,000 Satoshi
By Dec 22, the price had fallen to 15,000 Satoshi
Exploitable behavioural trait: 62% loss in value
From 15,000 Satoshi, SPR shot upwards and landed at a price of 49,989 Satoshi on Dec 28, a 233% profit
By Jan 04, the price had sunk to 19,001
Exploitable behavioural trait: 61% loss in value
After leaping through price range, after price range, SPR has declined by 60% or more, on two separate occasions
These exploitable price movements occur over and over again, making it simple to gauge the most optimal buying-in price.
Some will call it manipulation, because they are often on the other side of the natural flow of the market – thus persistently averaging up loss after loss. Others will call it manipulation, because they’d hate for novices to metamorph into skilled players.
Whether you're willing to accept this or not, it will never change the fact that every single coin in the market follows a strict, and therefore obvious, pattern of Accumulation and Distribution. This is the price cycle. This is how the market moves.
Whether you realise it, or not, you are either trading with the cycle or against it, this is a cold hard truth.
The charts reveal when intelligent traders are filling their warehouses to the brim with a certain coin. The implication being, people don't just decide to accumulate for no reason - where there is intelligent accumulation, a large price move will always follow. Ryan didn't say that he pumped SPR, he provided the cheet sheet, exposed the price patterns and got his entire group into SPR at the bottom of the decline at 3,950 satoshis.
Since then the price went all the way up to 19,876 satoshis, a 403% profit for those that bought when he gave the call
The price right now is 7,667 Satoshis which is still a 95% profit from his original call
he calls this "Price Pattern Exploitation" by the way
Don't get me wrong, I don't begrudge the man anything. He is clearly good at making money.
As long as he keeps spreading (no pun intended) the wealth, then i say keep on keeping on!
If you say that you are the one who pumped SPR, then you only succeeded in doing ryans dirty work for him. I think, this is what he means when he says you have to use the time and effort and energy of other traders to win big:
http://pumperspicks.com/you-must-learn-how-to-use-the-time-effort-and-energy-of-other-traders-to-win-big/Here's a quote from the article
Winners do not chase pumps. Winners let the pumps come to them
you were trying to manipulate spr for your own selfish reasons, ryan exposed all the price patterns and broadcast the information out to his group
they got into spr right under your nose and hijacked a HUGE chunk of profit as a result
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