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1175750

Anonymous Mon Apr 4 11:17:46 2016 No.1175750 [Reply] [Original]

Mini BTC whale here. How im supposed to dump shitcoins once they hit Poloniex?

Let's say I buy a shitcoin with some potential to get hyped like Trumpcoin before it hits Poloniex. I buy 1 BTC out of it. 166666 TRUMP at current exchange rate (600 sats)

So I get my 166666 TRUMP, ready to get pumped onto greater fools once it hits Poloniex.

I've seen tons of coins get introduced to the big exchanges and I have seen them crash instantly to never recover again (or do it like a year later in a random flash P&D)

Anyway, my question is: What guarantees that I can sell all those 166666 TRUMP at a good price? Nothing, there may not be enough people interested to buy at my selling order, which means the selling order never goes through and im left behind with a bunch of unsold TRUMP because people are selling them for way less money than I expected to get.

It's such a fucking gamble trying to take a big dump on low volume coins.

>>	Anonymous Mon Apr 4 11:18:31 2016 No.1175751 >So I get my 166666 TRUMP, ready to get pumped onto greater fools once it hits Poloniex. I meant dumped.

>>

Anonymous Mon Apr 4 11:25:49 2016 No.1175756

>>1175750
>1 BTC
>whale
If you're a whale, I'm a fucking dinosaur.

To answer your question, yes it's a risk. The higher the risk the higher the reward, that's common knowledge. If you're willing to risk 1 BTC on the chance you could turn it into 20-30 BTC go for it. It is more likely that that won't happen. But it might.

>>

Anonymous Mon Apr 4 11:32:02 2016 No.1175765

>>1175756
I said mini whale for a reason
You will be hard pressed to find people willing to gamble 1 BTC on fucking TRUMP. I mean the entire volume in yobit for TRUMP is roughly 1.2 BTC. Unless the coin goes to Poloniex and gets a decent amount of volume it's pointless.

>>	Anonymous Mon Apr 4 11:46:03 2016 No.1175785 >>1175765 Lots of people are catching on to trump. If you choose to get it, now is the time

>>

Anonymous Mon Apr 4 11:48:21 2016 No.1175788

>not owning some Ethereum

>not having the foresight to see what is going to happen with ethereum

>not noticing that ethereum is the one coin. The new world currency and the end of all other tradeable tokens (money, stocks, crypto, commodities)

>being a shmuck

>>	Anonymous Mon Apr 4 12:04:41 2016 No.1175804 You have to be in on the ICO or have mining equipment Trumpcoin won't go on polo because its just another memecoin and there are plenty already around.

>>	Anonymous Mon Apr 4 16:09:53 2016 No.1176114 File: 202 KB, 1104x876, ETHredpill2.png [View same] [iqdb] [saucenao] [google] >>1175788 Nice dubs >>1175804 I've seen lots of memecoins on Polo. Chances of getting in are harsher by the day tho.

>>	Anonymous Mon Apr 4 17:19:39 2016 No.1176220 >>1176209 /crypto/ Discord server, if anyone is interested come if you want to talk coins n crypto

>>	Anonymous Tue Apr 5 00:08:16 2016 No.1176809 >>1175765 TRUMP volume just hit 4BTC/24h and rising. Price is up to 750sat. Hope you got in already, Trump Train is leaving the station.

>>	Anonymous Tue Apr 5 08:07:43 2016 No.1177175 Can any of you retards reply OP's question? or is everyone in here poor enough to not have this problem?

>>	Anonymous Tue Apr 5 08:18:08 2016 No.1177185 so is the conclusion to this thread that poloniex is shit to trade on cos once a coin hits the market there it just gets dumped?

>>	Anonymous Tue Apr 5 19:33:38 2016 No.1178065 Bro you transfer your trump coin to polo just like if you were sending a deposit of btc. Same concept. >Go to depostis and withdrawls, generate an address for your trump, >send trump >??? >lose all profit

>>	Anonymous Tue Apr 5 19:57:19 2016 No.1178084 >>1175750 >It's such a fucking gamble Now you're starting to understand crypto trading The trick is buying while it's still on the ground floor and selling at/before the peak.

>>	Anonymous Tue Apr 5 21:16:08 2016 No.1178144 >>1178084 The problem is the peak may last seconds and no one may be willing to buy at your sell order.

>>	Anonymous Wed Apr 6 01:10:31 2016 No.1178407 >>1178144 So be ready for it.