[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 13 KB, 200x200, solar-power-ledger.jpg [View same] [iqdb] [saucenao] [google]
4228392 No.4228392 [Reply] [Original]

Someone just market bought about 40 BTC worth of this shitcoin.

But the price just went down.

What does this mean?

>> No.4228411

>>4228392

how do you know? proof plz

>> No.4228434

>>4228392
It means this shit is overpriced and telegrams is full of pajeets. You going to be get dumped.

>> No.4228450

>>4228411
I saw it happen, been trading some swings on this because of the high volume. I think I'm going to risk hold it overnight and see what happens even though I'm skeptical like >>4228434

I guess the best proof I have is the candle about 10 minutes ago where the price spiked from 2.9 to almost 3.3. There were massive walls up to that point, probably over a million coins.

>> No.4228603

That could mean that the whales know something that we don't.

Remember about the clues from the PBC about their coin for November? The clues are: their pick has connections with solar and MIT.

Well POWR has both.

I mean I could be wrong, but when the whales bought a coin with a big amount of BTC, that should mean something good.

>> No.4228688

>>4228603
OP here posting from my phone. After thinking on it a bit I'm thinking maybe thr whale bought up his own sell orders to give the illusion of demand and cash out his bags at a higher price with people fomoing back in.

I mean, there's no other way someone pumping 250k into a coin in a second has zero impact on price movement.

>> No.4228697
File: 1.93 MB, 1920x1080, 1509994841505.png [View same] [iqdb] [saucenao] [google]
4228697

>>4228688
Also though I'm not fucking selling. I'm holding fit at least a few days we still have room to run.

>> No.4228715

If this is anything like Binance Coin, it's barely getting started and we're lucky to get in this early.

>> No.4228762

>>4228715
It's not. 3.5x the circulating supply of BNB 5x total supply in a much worse environment for alts. I think this has a double left in it though, would take balls of steel not to cash out at least half at 6k.

>> No.4228767

>>4228688
Well we can take another possible scenarios as well.

Why did the price dip after some whale bought a huge amount?

What about some other whales setting up massive sell walls to ensure the price doesn't go up?

But what could be their motive?

I don't know, maybe they are still waiting to get out from BTC before/after the fork and gonna buy POWR later?

If you're a whale and you're in this position, you'll want POWR's price to be still cheap when you buy it later.

>> No.4228812

>>4228767
I'm thinking they saw it couldn't break 3.3 all day long despite multiple attempts and gave up and started to exit the coin.

Sell on the way down to 2.9, putting up massive sell walls on the way, buying up your walls later to increase the price again and create more hype, then dump on the way down again to unload the maximum amount of coins at a good price.

Anywyays I'm going to bed still holding. Been JUST so much this month numb to it all anyways. Good luck, hopefully we wake up to 4k.

>> No.4228831
File: 121 KB, 1024x764, 1498891856782.jpg [View same] [iqdb] [saucenao] [google]
4228831

>what does it mean
it's about to be pumped and dumped, son. Prepare for the wild ride.

>> No.4228909

>>4228812
We're gonna make it, anon.

I've also been JUSTed hard this past few days and lost 50%. But this POWR shit is different.

I can tell a shitcoin when I see it, and POWR is not one.

Don't forget: PBC November.

>> No.4229688
File: 257 KB, 450x437, 1510021012381.png [View same] [iqdb] [saucenao] [google]
4229688

>>4228392
its a shitcoin... you wouldn't get any divident from its investment.

its basically using the funds they procure to invest in projects which they will collect the profits for themselves.

its a useless shitcoin that just got hyped through pump and dump scheme.

>> No.4229720

>>4229688
That's patently false. Theres asset germination events that they mention explicitly in road map and white paper which allows for holders of powr token to buy energy sources for powr tokens. These events are meant to occur biweekly by 2018-2019 meaning that as more and more powr is taken out of circulation owning assets the price of the coin goes up in the market.

>> No.4229758

>>4229688
Also you can stake powr to earn sparz. Sparkz can then be sold to people who can use it to buy actual power. In effect you'd become an individual selling powr with no overhead because you bought a token, this is the definition of a decentralized peer to peer market and tokenized value. If you're looking for dividends invest in securities, those give dividends.

>> No.4229815

>>4229720
>>4229758

like i said its nothing but air... how much did they pay you to "educate" people with your blatant scam coin. lol buying "invisible real life assets" yeah right go on scam more people

staking currency for other digital currency? more like neo copy lol