What is going on here ? Why has price dropped 30% after getting all this great news today ?! I went heavy on this one and I must say I am feeling like an ass right about now. Am I missing something about this project/coin ? I have never heard of a company giving great news and the price tanks right away...... What news were people expecting or hoping for ? I thought the news seemed very good.
Thats what you get if the only big exchange you are listed on is Hitbtc , lol. Its pump&dump heaven, and tokens get hyped and dumped sometimes for no reason. News are amazing, and retards started dumping anyway. The only news that wouldnt make it dump, would be Bittrex news... any other exchange news would make it dump, after so much hype buys in past week. Its either Bittrex, or nothing and they dump. I know, its beyond retarded. Thats why HVN needs bigger exchanges, and bigger trading volume and stability.
I ABSOLUTELLY AGREE.
HitBtc is a troll heaven , an exchange that can only do harm to a company's/coin's credibility.
I am a HVN believer and investor , and it is frustrating to see such price manipulations on HitBTC.
The volume most times is low , the buy and sell orders are forming nothing but walls , forcing the small investors to either buy high or sell low.
Its the worst thing guys , the worst thing..
Yesterday it was a freak show , no one really cared about the news on that exhange. Everybody started dumping 20 minutes prior to any news getting released.
So , anyone that states that " the news were not worthy and thats why the coin lost 30% " is either a liar , a fudster or a day trader and not a real investor.
Yesterdays news were AWESOME.
But , many people cant and wont care about the long term sustainability of the company and simply follow the " buy the rumor - sell the news " rule of the speculators guide book.
Thats what it is guys , and it happens to all coins.
Short term profits and small time "investors" who seek to earn a buck or two and buy a lambo in a week.
It is trully a pitty.
Hoping the best for HVN team and URGE them to add ONE more exchange. Bittrex at least. And NOT Binance... which is 10x worse in manipulation tactics than HitBtc.