What caused the pump today?

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oldguyjoe said:
Yes.
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Very good investment crypto then when you have to decide without any logic. I picked one coin which was moving up put $2000 on it and in 25℅ loss in 4 days.
 
krishnaverma said:
Very good investment crypto then when you have to decide without any logic. I picked one coin which was moving up put $2000 on it and in 25℅ loss in 4 days.
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Ouch. But seriously, if you are trying to get rich from crypto or stocks, I have some bad news for you (you are taking high risks chasing high returns). Why not get rich first by creating actual value, selling it for profit and invest later and you won't give a shit if the market is 50% up or 50% down as long as you collect your dividends. Look at it this way: it sucks to suffer a wage drop from 3k a month to 1k a month when you have no savings, but would you really care if it was from 300k to 100k while sitting on a fat nest egg? How about from 3mil to 1mil? Your only job then would be to not invest in stuff that can go to zero fast.
 
oldguyjoe said:
Ouch. But seriously, if you are trying to get rich from crypto or stocks, I have some bad news for you (you are taking high risks chasing high returns). Why not get rich first by creating actual value, selling it for profit and invest later and you won't give a shit if the market is 50% up or 50% down as long as you collect your dividends. Look at it this way: it sucks to suffer a wage drop from 3k a month to 1k a month when you have no savings, but would you really care if it was from 300k to 100k while sitting on a fat nest egg? How about from 3mil to 1mil? Your only job then would be to not invest in stuff that can go to zero fast.
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You make some very good points.
 
pump as usual. but when market collapses by 50% in 1 day, let's see how the kiddie traders react.
 
US announced they have no plans of banning crypto. Google it.
 
It is quite logical : Some big institutions buying in huge quantities. They bought at the dip & perhaps another bull run.
 
it was market manipulation as happening since many days. be careful because just like the pump, dump will come out of nowhere

they pump and dump and make money and some people think it is organic :D :D :D
 
It's like before a Tsunami - the tide goes right out and people wander out way way out to see where the sea went. Then it comes rushing back in and wipes them all out.
 
I was actually going to create a new thread regarding this and the potential of Crypto if you have time to do Intraday trading. The benefits and ROI is huge...
 
Good trades are built upon amazing intelligence. Once it is in the news it is worth a lot less.
 
Every another Day is Manuplation especially when its Comes to Weekand
 
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