So many pump & dumps in the alt coins, it's crazy.
I watched ARN on thursday night go from .0009 ARN/BTC, to .00043 in a matter of 3hrs - a 478% increase. I managed to pull a few 10% gains off of it by riding the highs/lows, but I do not have the sack to hold a currency in hopes of a 200%+ gain.
Something I noticed while watching ARN's run - it was trading sporadically between .0002 - .0003, then all of a sudden, someone made a big buy at .0004, a good 50% higher than it's trading level. Is this a big player who is basically seeding the Pump?
I've seen the same thing on the other side - a coin will be trading at one level, then someone will do a large sell at ~30% below, resulting in panic selling thereafter. I assume that is also a whale, who's wanting to sewer a coin and then buy back in at an artificial low?
It's fun to watch.
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