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February 08, 2018, 04:14:17 AM |
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This coin has a 24h volume of 40k. You can literally send these coins "mooning" on paper with just a $1000 pump, or send them crashing with a $1000 dump. This is often the case with coins that increase 1000% overnight. You just buy up all the sell orders on EtherDelta for a small amount and boom, the coin has supposedly boomed, even though no one would buy it at that price besides the pumper.
The prices you see with low volume coins are not real. Not sure when investors here will understand this.
Simplest way to understand it: I create an ERC-20 token with 10 billion supply. You agree to buy 1 token from me for $1. The market cap is now literally 10 billion. Indisputable fact. Do you really think though with those 10 billion coins you'd even be able to make even $10? Let alone 10 billion? Think a bit.
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