Trading a coin's listing (STAR ATLAS and POLIS)

[PercT4b]

POLIS and ATLAS are about to be listed on FTX (at 13:00 UTC) and I've seen a lot of hype around the Internet for these two projects.


The problem is that, on its listing day, it is quite difficult to predict how a coin is going to move, and the fact that these two coins already had an IEO makes me a little bit uncomfortable, because we got many people that bought at a great discount and could dump right after the listing (to be honest I don't remember if there's an actual lock with vesting schedule).


What are your thoughts about this?...Do you believe that, with the proper precautions, could still be an opportunity to place some trades?

Would be great to hear somebody that invested in the IEO.

[mk4]

Pretty simple. If you actually like the project and want to invest in it, then go buy in. And sure, it could drop down, but if you actually think it's going to be worth a lot more in the future, then what's a potential 10-30% drop?

In a trading sense though, it's pretty much a gamble. I'd say close to 50-50 in a sense that you really don't know if early investors will dump or not, unless you have the connections.

[PercT4b]

Pretty simple. If you actually like the project and want to invest in it, then go buy in. And sure, it could drop down, but if you actually think it's going to be worth a lot more in the future, then what's a potential 10-30% drop?

In a trading sense though, it's pretty much a gamble. I'd say close to 50-50 in a sense that you really don't know if early investors will dump or not, unless you have the connections.

What are you saying actually makes sense, but I was talking about an intraday trading opportunity, and I've noticed something very interesting (let me know if it could work and if it's correct): theorically it is "impossible" for a coin to instantly dump in its first listing hours, just because you can't sell a coin you don't have.


Then we have the case of a coin that went through an IEO, so many people already have the coin, but the majority (unless we are talking about a shitty project) of the projects plan a vesting schedule, keeping the money locked, for a certain period of time, in order to avoid such dumps.


I'm saying this because I was checking out all the recent listings that occurred on Binance, no instant dumps (I'm talking about no dumps at the very beginning of the listing, obviously the people, once they bought a the start, are gonna sell, so the result is a green candle with a very long upper shadow with no lower shadow) in any of those.

Does this make sense for you?

[mk4]

What are you saying actually makes sense, but I was talking about an intraday trading opportunity, and I've noticed something very interesting (let me know if it could work and if it's correct): theorically it is "impossible" for a coin to instantly dump in its first listing hours, just because you can't sell a coin you don't have.


Then we have the case of a coin that went through an IEO, so many people already have the coin, but the majority (unless we are talking about a shitty project) of the projects plan a vesting schedule, keeping the money locked, for a certain period of time, in order to avoid such dumps.


I'm saying this because I was checking out all the recent listings that occurred on Binance, no instant dumps (I'm talking about no dumps at the very beginning of the listing, obviously the people, once they bought a the start, are gonna sell, so the result is a green candle with a very long upper shadow with no lower shadow) in any of those.

Does this make sense for you?

I'm really not sure about the candlesticks, because based on my experience most tokens aren't immediately sold on custodial exchanges, but instead on swap DEXs like Sushi and UniSwap, so no candlesticks and charts are available for viewing.

[hugeblack]

The cryptocurrency market is based on what the currency can offer to the community. For example, Uniswap listing did not lead to a decrease in the price because many people would like to buy and think that the price is low, but this only happens rarely and for real projects.
Most of the hype around the internet is paid and therefore better not to listen to it if you think it solves a real problem and has value in the future we may see some upside, otherwise you will lose your money.

[tvplus006]

I'm really not sure about the candlesticks, because based on my experience most tokens aren't immediately sold on custodial exchanges, but instead on swap DEXs like Sushi and UniSwap, so no candlesticks and charts are available for viewing.

In order to visually track the price change on DEX, you need to use Dextools.io. This service supports the Ethereum, BSC and Polygon networks. In order to track the coin you are interested in, you need to select the appropriate blockchain and replace the contract number that I give as an example: https://www.dextools.io/app/ether/pair-explorer/0x4b8852e4747b8a7d4caf0440e4e3397032a6723d

[blockman]

As you have said if there were many investors that have bought during the IEO at a discounted price. All of them are only waiting for the right price to dump and you'll likely be catching the falling knives. You are aware of what you're trying to do in here, I'm not an IEO investor but someone who invests and trades can basically see that coming and a good thing you did is to ask what others think if we're in your situation. If I'm on your shoe, I'll just wait until it dips and will rebuy if I still believe and have faith in that coin.