Mr.Hero (OP)
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February 27, 2019, 02:59:19 PM |
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Hello,
Is anybody here knows why SLS coin dumped that hard this week?
It used to stay at 23~25 price almost all that year
Anybody knows why this crash happens?
I found no news related or any statement from the coin founder or anything could tell
Anyone?
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teilwalL05
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February 27, 2019, 03:27:39 PM |
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Are you talking about SaluS (SLS) Back then on July 2017 it had a major increased on its price to $23.70 USD without further explanation and a sudden increased to $120 USD on the December 2017 was pretty shocking and right now the price had plummeted to $5.75 USD Well maybe some exchange had pullout SLS from its site back then there are 6 or 5 major exchange sites that you can buy or sell SLS and right now there are currently trading on 4 active market(s) now and right now the creator of its telegram channel is not active anymore the channel will self-destruct.  |
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Buntel168
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Merit: 100
SportsIcon - Connect With Your Sports Heroes
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February 27, 2019, 04:35:58 PM |
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I see volume 24h is also very low, this will make SLS holder frustrated. I did not get any information from the Salus website.
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mrdeposit
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February 27, 2019, 08:16:10 PM |
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I am not following this altcoin, but you should consider that it is not the right time to look for the reason for the dump. In this case, the decrease of currnecy with a volume of 4-5 BTC is not so surprising news.
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Mr.Hero (OP)
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February 27, 2019, 09:51:26 PM |
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Are you talking about SaluS (SLS) Back then on July 2017 it had a major increased on its price to $23.70 USD without further explanation and a sudden increased to $120 USD on the December 2017 was pretty shocking and right now the price had plummeted to $5.75 USD Well maybe some exchange had pullout SLS from its site back then there are 6 or 5 major exchange sites that you can buy or sell SLS and right now there are currently trading on 4 active market(s) now and right now the creator of its telegram channel is not active anymore the channel will self-destruct. https://i.imgur.com/FvOIbZ7.jpgYes it is , What do you think is going to happen? I am not following this altcoin, but you should consider that it is not the right time to look for the reason for the dump. In this case, the decrease of currnecy with a volume of 4-5 BTC is not so surprising news.
It means a possible pump is coming? Since it's very low volume I see volume 24h is also very low, this will make SLS holder frustrated. I did not get any information from the Salus website.
Do you think it's a dangerous to stay with it? Or maybe a huge pump is coming? |
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jvper
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February 27, 2019, 10:10:09 PM |
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There are many projects that turned out to be scams. Maybe you are analyzing one as such.
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Ains_sama
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February 27, 2019, 10:14:24 PM |
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SLS coin disposal at this time is indeed very severe, but I think there must be something unpleasant, and I myself do not know the certainty why sls coins are thrown away hard.
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TimeTeller
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February 27, 2019, 10:36:34 PM |
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Are you talking about SaluS (SLS) Back then on July 2017 it had a major increased on its price to $23.70 USD without further explanation and a sudden increased to $120 USD on the December 2017 was pretty shocking and right now the price had plummeted to $5.75 USD Well maybe some exchange had pullout SLS from its site back then there are 6 or 5 major exchange sites that you can buy or sell SLS and right now there are currently trading on 4 active market(s) now and right now the creator of its telegram channel is not active anymore the channel will self-destruct.
-snip-
Yes it is , What do you think is going to happen? I am not following this altcoin, but you should consider that it is not the right time to look for the reason for the dump. In this case, the decrease of currnecy with a volume of 4-5 BTC is not so surprising news.
It means a possible pump is coming? Since it's very low volume I see volume 24h is also very low, this will make SLS holder frustrated. I did not get any information from the Salus website.
Do you think it's a dangerous to stay with it? Or maybe a huge pump is coming? I don't think there will be a huge pump coming. With the telegram seems to be abandoned, I think this project is slowly dying. You need to get out while you still can. The market charts are already giving you hints. But up to you what will you do with your SLS coins. Just giving my thoughts on this. |
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omnik
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February 27, 2019, 10:47:32 PM |
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There are many projects that turned out to be scams. Maybe you are analyzing one as such.
No volume and no demand at all but that's the same as NEO which was having a terrible performance. The pump of this coin will only follow the major coin called bitcoin. I never heard this coin before and this's my first time. |
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kewlc3s
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February 27, 2019, 10:48:18 PM |
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Do not know nothing about this coin.. but looking just at chart.. looks like not really trustful coin.
6$ for a coin with 20k volume..
I believe earlier price was really pumped and even now still very overpriced.
Might be I am wrong.. Once again, got no idea about this coin
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Zadicar
Legendary
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Activity: 1358
Merit: 1020
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February 27, 2019, 10:53:39 PM |
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Hello,
Is anybody here knows why SLS coin dumped that hard this week?
It used to stay at 23~25 price almost all that year
Anybody knows why this crash happens?
I found no news related or any statement from the coin founder or anything could tell
Anyone?
Nothing new in regards with these dumps specially with current shitcoins in the market. SLS is no different so its not really surprising for these kind of movements.If you are an investor of this project then better pull out as long you are still in profits or positive.If not then better cut loss,I have checked out its status and its still on green percentage. It might drop from 25 to 6usd but still a considerable price for a coin that has 1M overall supply. |
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passwordnow
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February 27, 2019, 10:54:28 PM |
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You forgot that crypto is a very volatile market? and every coin that's not classified as stable coin can be dumped too bad or at a very positive side, it may pump. Each altcoin depends on bitcoin so the main reason why it has been dumped is due to bitcoin's decrease. I'm not very aware with this kind of coin and I'm curious on how you got to be intested with this? I already learned my lesson to stay away and avoid putting any amount to these altcoins that has a very low volume.
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CaMeRoNy
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February 27, 2019, 11:00:02 PM |
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You of course can leave this coin, because if the trading volume is small, there is a possibility that there will be a pump, but I still think that it is worth selling now, at least half.
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icalical
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February 28, 2019, 02:56:57 AM |
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This project has everything they need for their coin to be dumped by the market, their developer is not active anymore, their community is not active. I believe their project does not offer anything new either. And all of those things make their coin market volume so low since no one interested in this project now. Still, better than other projects that immediately died after concluded their ICO, but if I still have SLS I will sell all of my coins immediately. Fortunately, I don't own any SLS anymore.
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jvdp
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February 28, 2019, 03:30:15 AM |
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You of course can leave this coin, because if the trading volume is small, there is a possibility that there will be a pump, but I still think that it is worth selling now, at least half.
Recent market was not properly working in SLS coin so we should never expect the continuous pump in this coin. Because current scenario of SLS is positive but no one will predict the future possibilities of this coin. Those are having this coin try to sell immediately, Before to sell must analyse the future trading pair. |
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Mr.Hero (OP)
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February 28, 2019, 08:07:23 AM |
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Thanks everyone,
Please if there any SLS holders here let me know
It pumps every month at the beginning of the week almost same time every week.
I need to know if there is a chance for that again
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Red-Apple
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February 28, 2019, 10:47:45 AM |
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you are asking the wrong questions here.
what you should have asked (a while ago not even in this topic and now) was that why did this coin get pumped that much?
otherwise the hard "dump" is a guaranteed event that is expected by everyone when an altcoin is pumped.
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Mr.Hero (OP)
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February 28, 2019, 12:31:10 PM |
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you are asking the wrong questions here.
what you should have asked (a while ago not even in this topic and now) was that why did this coin get pumped that much?
otherwise the hard "dump" is a guaranteed event that is expected by everyone when an altcoin is pumped.
Yup I asked same question but got no answer already I didn't find any reason, news, telegram channel or any kind of secret groups pumping it. Still wondering. |
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davinchi
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February 28, 2019, 01:50:37 PM |
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There is two possibility about a coin being dumped, it is either the dev of the project are tired of the project therefore going to exchanges to dump their coin since they hold a large amount of the coin, I have seen this same thing for starcash users where the dev dumps a lot of coins when the price was $5 and that dip the price to as low as $0.1 or the project don't seem feasible and the holders of the coins/token are dumping to take out profit.
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Mr.Hero (OP)
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March 01, 2019, 10:12:07 AM |
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There is two possibility about a coin being dumped, it is either the dev of the project are tired of the project therefore going to exchanges to dump their coin since they hold a large amount of the coin, I have seen this same thing for starcash users where the dev dumps a lot of coins when the price was $5 and that dip the price to as low as $0.1 or the project don't seem feasible and the holders of the coins/token are dumping to take out profit.
It could be like that, but this coin is almost 3 years old now He come he tired since he is making profit and trading his coin at one of the biggest exchanges such as betrx? |
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