/biz/ - Business & Finance

[Anonymous No.11083210]

Can anybody tell me why Holo's chart looks like this in Blockfolio?

[Anonymous No.11083225]

>>11083210
no volume

[Anonymous No.11083226]

it's been trading at 17/18 sats all day.

[Anonymous No.11083229]

>>11083210
It looks like average shitcoin

[Anonymous No.11083234]

Same reason as when you asked sixteen hours ago.

[Anonymous No.11083262]

>OP, here's a genuine answer if you're looking for one. The supply of HOT is high, and compared to most other cryptos, so is the price of a single BTC. This means the price of a single HOT token per BTC is very low - currently double digit satoshis, ie. the smallest fraction of a BTC. As the BTC HOT is traded against can't be divided into any smaller units, this limits the granularity of the range of prices in BTC for which HOT can be traded. Rather than orders spread out nicely over a broad range, large numbers of orders bunch up at each price level.

>Significant buying or selling volume isn't reflected as volatile price action like you would normally expect to see, since there are so many orders at the current price levels to work through before the price moves significantly in either direction. Until then, the price bounces back and forth between two prices as the token is bought and sold. Whether the candles appear red or green is quite arbitrary, as bots spam tiny buy and sell orders constantly in hope of being the last order processed when the current candle closes.

>When ETH isn't on fire, the HOTETH pair offers a better perspective of HOT's price action. This is because the price of a single ETH is lower compared to BTC. As HOT is valued at a larger number of gwei/vits than it is sats, the larger number of these units are more easily divisible and therefore allows for more granular pricing.

>If you already knew this, fuck you.

[Anonymous No.11083295]

>>11083262
Thanks bro not op but still appreciate the quick dismantling of shit threads

[Anonymous No.11083304]

>>11083210
The meme is up, Anon. Holo is going back down to 5-6 sats @ best. BCH does everything HOLO can do except better.

[Anonymous No.11083309]

>>11083234
What? Not me. There's no way somebody else asked the same exact question.

[Anonymous No.11083311]

>>11083304

Eerm what the fuck m8

[Anonymous No.11083322]

>>11083262
Awesome! Thank you for a genuine answer!!! It also does it will Pundi x and similar coins. Now it makes sense!

[Anonymous No.11083331]

>>11083210
Well you see Anon they really let the printer press go on this one.

They minted 130 billion of em. So literally every person on Earth could have a stack of these things .
It's all a dopamine thing , you let people looking at small amounts of personal money in all of their accounts now see these million dollar numbers on their "Ponzi rodeo" portfolio.
So even though no self respecting hooker is going to let you pay her in hot computer credits , you might be able to run that website you always planned on making for your million dollar idea.

You know the one, it connects x with y.

[Anonymous No.11083335]

>>11083295
You're welcome, anon. Have got it handy now for next time.

[Anonymous No.11083341]

>>11083304
Learn 2 crypto

[Anonymous No.11083353]

>>11083322
Righto. I have my eye on you, OP. But yeah, the same principle applies for other high-supply/low-sat token price action.

Here's that other thread: >>11073643

[Anonymous No.11083397]

>>11083322
Of course, when Holo's MC is 1B+, price granularity will become less of a problem.

[Anonymous No.11083806]

we are about to moon fags

[Anonymous No.11083816]

>>11083210
Ping pong bot trading

[Anonymous No.11083832]

1000 holos gained trading in 3 minutes, 1k dollars in the future, screencap this

[Anonymous No.11083880]

250k hololet here, will I make it?

[Anonymous No.11084814]

>>11083210
because the price is so low it only trades between 2 sats at a time. (the lowest number after the comma in a bitcoin).

If you want a normal graph, look at HOT/ETH. Because eth is worth less you have more room for price movement on that chart.

[Anonymous No.11084847]

OP, I asked this same question yesterday lol.

[Anonymous No.11084849]

>>11083880
if you sell now and buy back next week, it will be 500k.

Imagine.

[Anonymous No.11084850]

>>11083210
price manipulation by bots which uses a 2 stats increment/decrement in a no-volume coin.
never try to trade this type of coins

[Anonymous No.11085068]

>>11084849

Why do you think it will dump so hard?

[Anonymous No.11085092]

>>11085068
After experiencing the TRX pump in early jan, I don't trust anything that spikes like this over a few days. Plus the fact that some addresses have billions of HOT tokens just laying around waiting to dump doesn't make it an easy hold for me.

[Anonymous No.11085111]

>>11085092

I wouldnt want to risk my stack desu, bought 150k at 9-11sats. Theres no telling when this shit pumps and i dont want to miss out

[Anonymous No.11085708]

>>11083210
is it this easy to swing trade holo? You could make 5% every 5 mins off this shit, or am i missing something..

[Anonymous No.11085718]

>>11085708
You are. When you buy at 17 sats it actually buys at 18 sats and vice versa. Sorta newfag so idk how it works but that's how it is, you end up losing money. Also trading fees.

[Anonymous No.11085722]

>>11085708
Order book depth is thin

[Anonymous No.11085742]

>>11085708
Its 100 btc of buys/ selles bdfore you in line so it actually takes up to a day before your orders hit. But you make 5% every time you manage it.

[Anonymous No.11085795]

>>11083210
The bogs are battling the savior. Real big battling going on.

[Anonymous No.11086062]

>>11085742
hmm true

[Anonymous No.11086141]

>>11083210
OP what is slippage

[Anonymous No.11086714]

>>11083210
>>11085795
OP Bought? Dump all reserves.

[Anonymous No.11087008]

>>11085092
>After experiencing the TRX pump in early jan
that was like 200x dude
this was 2x
lol

[Anonymous No.11087022]

>>11086141
that's not slippage

[Anonymous No.11087706]

>>11085795
>The bogs
dogs