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/biz/ - Business & Finance

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22115181 No.22115181 [Reply] [Original]

Why the dump?

>> No.22115215

>>22115181
Cuz the type of retard that buys this is the type that leaves quickly to farm coins named after asian food

>> No.22115236

>>22115215
as long as it stays above a dollar, im making money

>> No.22115466

>>22115181
are you unable to understand this coin

>> No.22116244

>>22115466
I understand, but at the end of the day the only thing i care about is the value of my stack in it's USD valuation, and that dumped.

>> No.22116318

use the ampleforth dashboard on their website. you'll see the market cap did this last time, touched 1B market cap then retraced to 1.6B

>> No.22116358

>>22115466
No

>> No.22116973

my bags went from heavy to light back to heavy again

>> No.22117031

>why is my ponzi p&d token dumping

>> No.22117072

>>22115181
I tried to dump about 10% of my bag to capture some profit because of the 400% increase. It's not absurd. But the gas price was silly on uniswap and by the time I had my shit transferred to kucoin to trade it had already found support. I'm willing to wait until it goes up a little bit more before taking profit, but if I hadn't had to wait 4 hours for my transaction I would have sold some too.

>> No.22117094
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22117094

>>22115181

Because the supply is entirely controlled by whales who will pump and dump the price mercilessly

>> No.22117750

>>22115181
its shit

>> No.22117774

im never going to break even on this i bought at $4 weeks ago

>> No.22117860

DO I JUST DUMP MY BAGS NOW OMG

>> No.22117947

relax and wait one week

>> No.22117957

>>22117860
yes the sooner the better anon

>> No.22118599

>tfw I could've made 6 figures on AMPL if I'd figured it out in time last month

1. Whales long AMPL on FTX
2. Whales buy huge amounts, pump price massively
3. Whales short AMPL on FTX
4. Whales dump huge amounts, dump price massively

Repeat. They make massive profits coming and going, the whole project has been turned into an efficient pump that transfers money from bagholders to the top wallets.

>> No.22118715

>>22118599

I should mention that these events are timed to the investor/team unlocks, which happen on the 26-27th of each month.

Do with that what you will

>> No.22118761

>>22118599
FTX and devs dumping killed this project. It is destined to be pumped and dumped continuously like a common whore now.

>> No.22118796

>>22118761

Yeah, unfortunately. Which they sort of anticipated, the idea being that the original whales dumping would democratize the holdings and spread them out, starting a new cycle.

It seems they didn't realize that the original whales could and would indeed dump, but then they'd just rebuy in at the lower price