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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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15417943 No.15417943 [Reply] [Original]

Long story short. Coin shilled here in 2018 on Waves DEX. WAU coin. 1 million supply, forced scarcity type, fast tx times but it's on the waves exchange. The coin launches in January 2018 around $0.11 and I found it in march of that year between $0.20-0.50. I bought more than 100 that year in 2 small buys for around $50. I wouldn't let myself spend more because it seemed to nerdy or scammy. It's traded against waves though, so it's actually gone from 0.01 waves to 37.5 waves today. Problem is Waves has crashed from $12 to $1.25 in that time.

The coin constantly rises with very little volume but the order books are never empty.
WAU never has a bad week and has gone to almost $50 today. The chart is amazing, even though I know it's a "scam" I kept holding. So now I can't cash out the $1000's I have because I'll take the whole order book down. The coin always meets your sell order though, no matter what. I don't understand who's driving price or how but it's amazing how $50 turned into $50 I cash out every 2 weeks.

Can anyone explain? Or have similar coins? Any suggestions on how best to continue my slow cash out? I don't know what to do with this one. It's not like any others. It's existed for a year and a half with no real buying so I'm not going to put more $ but I'm curious if scaling my sell orders up the way I'm doing is smart, $25-50 every 2 weeks. I don't want to take too much because it keeps going up though.
pic is WAU/WAVES all-time 24/hour sticks

>> No.15418191

>>15417943
Cash out as fast as you can, this will plummet at some point

>> No.15418199

"I knew it was a scam but.."

Take your money & run anon

>> No.15418204
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15418204

>>15418191
it does but it always recovers.

pic is 2019

I'm the one creating some of the red dildos

>> No.15418226

>>15418199
I guess this is my answer but I'm not cashing all the way out, I'm way in the profit so I can let this thing ride.

I want to know the technicals behind it though, not just "scam, run".
Everyone here calls every single thing a scam

>> No.15418609

Any nerds out there understand this shit? Bust my crypto scam but you have to explain it

>> No.15418857

>>15418204
>what is a liquidity problem?

>> No.15418999

>>15418857
Only from a buying perspective. There's always someone buying up the sell orders, no matter the price or amount

>> No.15419046

>>15418857
look at these dips, they're very short lived
>>15418204

Selling to the buys will crash the books but price will somehow always rise in the next few days to eat all the orders.
I think it's wash trading and it's programmed to increase the sell price? I've never been stumped by a crypto like this. I own too many but this one I'm glad I bought

>> No.15419285

>>15417943
i remember when some nigger was shilling this back in may. ironically enough it dipped right after he started shilling it so i figured it was just some pnd scam campaign on /biz/

>> No.15419907

>>15419285
I honestly don't know what to think of it. I'm testing out theories on selling and notice funny features. Buy orders replaced in the same exact few dollar quantities minutes after filling. I don't even need to crash the price to cash out, just take $15, $15, $15 every few minutes and the slippage is minimum

>> No.15419937

>>15419907
it has to be a bot replacing the orders right?

>> No.15419966
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15419966

>>15419937
I know no one here gives a shit or does research