Bitcoin Forum
April 15, 2024, 01:06:07 PM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
   Home   Help Search Login Register More  
Pages: [1]
Author Topic: NRB in a mini bubble will Crash hard  (Read 449 times)
Jamesco (OP)
Full Member
Offline Offline

Activity: 238
Merit: 100

View Profile
December 12, 2013, 06:35:52 AM

Hey guys,

New account here but really wanted to post to give a quick warning. NRB/BTC has seen a huge rise just recently from 0.0008 to about currently 0.002500( i think I got the zeroes right). This is a mini bubble that will crash very suddenly so to any new people I would sell off when you can. What happened is because cryptsy's system had quiet a large lag spike. This meant a lot of people sold off multiple times and as the system caught up it put trades through multiple times. This lead to many people becoming in the negative for NRB. People then to try and cover their loses asap as you cannot trade out on crypsty when you are in the in the negative. People bought up NRB to cover their losses(even though this isn't really their fault). This probably combined with interest from a sudden rise when all other coins are down.

Long story short NRB is in a fake bubble not(only) because of sudden interest again BUT this topped with a huge potential backlog of people running NEGATIVE NRB account balances on Cryptsy. I would advise to sell out when you can. Either miners dumping or eventually Cryptsy reversing negative account balances will push the price back down.

I could be wrong but I just wanted to make sure any newbies trying to ride an upward wave might see it crash very hard soon.

Pages: [1]
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!