How are you today $MATIC holders?

[jhontwis]

Surprised? I'm not surprised. I've seen a lot of things like the drop in Matic price. Similar things will probably happen in the future. Unfortunately, many people lost money. Sensible traders sell a little when the price rises. We're in a cruel market.

[SolarWindMiningCompany]

Surprised? I'm not surprised. I've seen a lot of things like the drop in Matic price. Similar things will probably happen in the future. Unfortunately, many people lost money. Sensible traders sell a little when the price rises. We're in a cruel market.

If I were a matic holder I would be devastated. I don't really buy the idea of holding altcoins longterm for now till the cryptocurrency market matures enough. So instead of holding, why not swing. Buy low, sell top and repeat the process. Do this and have more money and peace than hopelessly holding a coin and the team members will dump on you

[notthematrix]

To cut short to any FUD, the dump has nothing to do with the team, it's simply a serie of stops triggered by the fall ( probably a calculated move).
This is a classic move for margin coins and why it's as risky than it is rewarding to trade on margin coins.

[TGD]

To cut short to any FUD, the dump has nothing to do with the team, it's simply a serie of stops triggered by the fall ( probably a calculated move).
This is a classic move for margin coins and why it's as risky than it is rewarding to trade on margin coins.

Can you post the source of this info? I read this on twitter and I don't random post out there. I'm planning to enter on this coin but I'm afraid that it might go deeper if this sudden dump is due to team sell off. The current market is still not stable so I'm still doing some further analysis before I enter.

[BRODIN]

maybe because people are more curious about the coin matic, there are holders who panic then sell and there are also those who want to buy for future investments. Essentially, demand and supply in the market is one of the main factors that makes the price of coins fluctuate.

[Hallmader]

I will take this opportunity to buy an automatic because it has dropped 50% and as much as possible I will buy, even though there is a dump by the team but it is not possible to go up again. I don't care what happens clearly this price is the lowest in my opinion.

Be careful. This might be the beginning of the end of MATIC. The team is now coming out shady as it looks like an intentional dump on the part of them. I know people who have MATIC will counter this possibility but regardless, it is always better to wait for things to settle down before coming up with a final decision whether to buy or not. Although MATIC is not easy to break of course. It has hundreds of millions in volume. It can withstand dumps like these if it is not an intentional work of the team.

Why would you think that? they still have millions in volume, in my opiniong such projects can withstand such dumps

I mentioned that in my post, that MATIC has hundreds of millions in volume and it can possibly withstand the dumps. But the team has to do something or else everything will be downward from here. If you take a look at their chart, the line is very long and it is straight going down. This does not look good. If the team will remain lax amidst this and they will not lift finger in the face of this controversy, the interest of investors could go away and the volume could easily perish. That is always a possibility.

[samuraijin]

I feel so good to see that dump and that was created by the team and then dumped it to the binance

https://twitter.com/LegitoCrypto/status/1204262510225850368?s=19

matic team is a fuckin money whore.

50% drop just in an hour is the worst thing that happening right now. I believe more to come.

some people lose a lot of money in TG group.

50% dump in one crazy hour, I just visited the Binance exchange and saw it directly MATIC with the BTC pair, the price is around 500 satoshi to 250 satoshi now, the price has really fallen making a lot of people frustrated about this, but I still think positively, I am not a MATIC holder but I am trying to think positively maybe they need funds for development so they throw away their price of team funds or they may throw it away and leave the project, but it is not possible because they have many listed exchanges so I can only care for MATIC holders

[LouVandetta]

Even though it's surprising to see the massive dump that happened in a flash, the price of matic now could be considered recovering little by little. It's kinda tempting, seeing the pump and dump movements for the past few hours. But I'm not buying it, I don't want another big dump to occur, even if it does recover and went skyrocket, that's okay. It's better to stay safe and lost the opportunity rathen than taking such a high risk investment.