RE: RE: Free Money
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RE: Free Money

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5y

Totally all you really losing is a bit of time which you would have wasted anyway. I think the whole thing behind tokens is to try and encouage activity not sure if it works, I don’t really see people flocking in like the steem days I just think it’s overly complicated

My BTC limit orders have been firing off during these dips and i buy small amounts daily nothing major just what I can afford

Even looking at the BTC order book it’s thin, buy orders are not that big until 24k USD so these other coins have just a few thousand even a few hundred dollar orders keeping the price up

The thing is with these tokens the more you have the less value you can realise, if you go to hive engine and you see the 24 hour volume let’s say it’s $30 then only $30 of sales are excuted at a certain price range so you can only sale an amount in that range without tanking the price

As I learn about all this it exposes how fragile these tokens are, the thing is when they pump there opposite happens and there’s thin sell orders and these tokens fly as people buy up the order book

I mean $100 in any HE token can shoot you the price and market up stupid high and it looks cool but you can’t unroll from that position and will be bled dry

I saw them try to build liquify pools for these tokens but it hasn’t really taken off

Who knows? For now I just don’t consider it as part of my portfolio just a fun thing