its been trading steady within 20% of the same price since it got onto Cryptsy
I'm curious what that means.
Can someone explain.
I have a good amount
STFU
KEEP MINING
HOLD
http://www.cnbc.com/id/43906256http://www.candlestickforum.com/blogs/2010/02/initial-public-offering.html1) The creator was offering to buy mined stock before it was available at exchange w/ "real" crypto; LTC: he stands behind his product. This isn't his first crypto, he knows what he's doing.
2) The price then paid is less than 1/3 of what its trading for now.
3) When anything hits cryptsy... the first test is "the number of zero's" test. If the IPO price was "about right" then there won't be a quick jump or quick rise.... but consolidation... which we saw.
4) Following that consolidation we saw a bull indicator yesterday 12/22/13 volume spike at noon cryptsy time. At this point, as a day trader, I became interested.
5) This indicator then formed a small bull parabolic movement to the .015 level. Market says, this crypto is undervalued. 3X? Hmmm. Refer back to #3... could be 30X.
6) when you compare this to Bitbar IPO @ cryptsy for example, you see bitbar had to "bottom out" before it found its price. Bitbar went down at first. Its IPO was overpriced 10x. UNO seems to be tending towards "top out" first. I like to buy IPO's that look like a deer head mounted on the wall... w/ 1st days of UNO, we see a wall mount in the first hour, a neck trending upward to a price breakout "head" with antlers
by day 4.
7) No premine BS. nice diff curve, good mojo in this thread. only 250k coins.
Yeah... I'll take some of that. More than the 5 I posted about earlier too
Price Target .065
Also buying XJO, looking strong after a bearish correction. No sell pressure.
Of course, cryptsy coins are all chump change small cap... but UNO wouldn't be the first altcoin IPO I've turned 1/2 btc into a whole one w/