Have you ever wondered why ALTCOINs start to pump ALL at the same time??

luckys (52)in #partiko • 6 years ago

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Do you think all traders at the same time by "telepathic powers" they all decide to buy ALTCOINS? NOPE.

There's only one answer to this and it's not FOMO (which is the consequence). It's not people buying because #BTC is going up (cause it's not)... it's not even traders buying because #BTC is stable (it won't make any sense that out of the BLUE all traders at the same time start to buy when #BTC could actually dump).

So who the hell is buying all at the same time? Who can without emotions start to buy coins like crazy and turn the market GREEN when sentiment of the market is actually uncertain???

ANSWER: Trading BOTs

There is a massive amount of BOTs trading this market and many of them start to buy because they get triggered by the same settings and guess what happens??? Everything pumps!!! Then, when everything starts to look green, traders start to FOMO into the market and coins pump even more. This is NOT an healthy way to trade for someone that is actually analysing coins by looking at the charts and doing some great analysis.

Have you also wondered why after 1 or 2 days of green market everthing dumps?

It's obvious... BOTs usually scalp 1%, 2% trades and they will sell as soon they make a small amount of profit. They will get triggered again when some indicators give them a bullish signal. If by coincidence they all sell at the same time... BOOM market dumps at the same time. This is the ONLY reason why you see these instant GREEN in the market.

So you either are in the COIN before it pumps or you STAY OUT cause it will probably dump soon!!! Same story with coins that pump because of a news NEWS. You either by the rumor and you are in before the pump or you STAY OUT and sell the news.

You need to train PATIENCE when this shit happens just because you cannot be faster than BOTs. You should NEVER start to buy all damn coins if you see some GREEN because it's just not healthy!

Just have a look at the TOP 10 coins, why are these coins not moving???? .... Because you need too much money to move these coins and BOTs will never be able to do 1% and 2% scalp trades in few hours. On the other hand have a look at all low liquidity coins they are all pumping!!! Why? Because BOTs LOVE VOLATILITY and they can make nice percentages with shitcoins!!

In few words: when MARKET pumps like this out of the blue, relax... it's not because you are shit... it's just because BOTs are faster than you.

PS: Bots are faster than you buy they are stupid... they buy everything even if the trade will fail but they are able to do 1000 trades an hour which might bring few percentage of profit at the end. You are smarter because you can actually gain more by taking a trade you have carefully studied and analysed. Unfortunately we have to deal with this when trading this market because the overall Market Cap is crazy small.

For further any queries
Ask @luckys