Why You Should NOT Buy Electroneum Until the Release – Crypto Coin Intelligence
Disclaimer: This is just one persons advice. Everyone does their own trading and makes their own decisions. It is significant to get many sides of a story to be able to evaluate the situation well. Good luck with your trades!
Reading ter the different Electroneum groups and eyeing what people write made mij realize that this postbode is needed. I do not know if the people posting are straight up stupid or just attempting to tegenwerking for others by providing horrible advice. But telling anyone to buy Electroneum for other than daytrading right now is just plain insanity. I will explain why.
Very first of let mij embark by pointing out that I participated ter Electroneums ICO. I own Electroneum.
Anyone that tells you to buy Electroneum right now is either one of thesis things:
- Exceptionally naive and or not very experienced
- Insecure about how Electroneum will develop
- Very fresh to investing and have no idea how the market works
- Not a very nice person
Electroneums ICO wasgoed the thickest te the world so far by number of investors which is good and very bad at the same time. It is excellent because it reached so many people and got a lotsbestemming of fresh people into cryptos.
At the same time it is bad because thesis people have no clue about how investing, the market or cryptos work. Which is why they are very lightly swayed te the wrong direction by evil or clueless people.
Truly? But why?
It is indeed elementary IMO.
Spil of right now there are relatively few ETN available on the market, wij all know this because the coins from the ICO have not yet bot released.
Already the price has bot driven down by the people who have bot able to mine ETN and by traders.
When anything drops ter value it is because of there being more sold than there is being bought. Effortless right? A price is determined by supply and request.
At the ogenblik the supply is scarce, there are not so many ETN available because the ICO coins are locked up ter the wallets that has yet to be released.
Therefore it is very effortless for the request to sometimes be fatter than the supply.
But when the coins from the ICO are released wij will see BILLIONS of coins coming in the market. If the price has already bot driven down by just a million coins then I assume that wij both understand that the price will go down once the billions of coins are released.
The supply will be so much exceptionally higher than the request that the price will Druppel HARD.
Why will people sell?
To make profits of course. Imagine the rush to sell very first when the ICO coins are released, the exchanges will be overrun by people attempting to sell their coins very first to get their profits. Of course not everyone will be selling but the majority surely will, no matter what some guys on Facebook attempt to tell you.
Also a lotsbestemming of people do not understand that the price possibly will druppel below 1 cent. The reason for this is that depending on when you bought ETN you got a toeslag. The people that bought te the beginning of the ICO got a 50% Toeslag this means that they can sell their ETN for around 0.66 cents, which is 0.0066 ter dollars, and still pauze even.
The miners still can sell even lower and still profit from it. So there will be a massive rush to sell Electroneum and the supply of around 6.Two BILLION coins will overwhelm the market. The price WILL CRASH HARD. There is no denying that fact.
Anyone attempting to tell you anything differently is most likely not providing you the best advice, I would NOT buy ETN right now.
If YOU buy it now you will see the price plummet when the ICO coins are released and YOU will make a massive loss unless you wait a long time. Does it not make a loterijlot more sense to wait for the crash and then buy when the price is lower?
Also a lotsbestemming of people have lost their faith te the company from how they have treated the launch and people will be looking to sell to budge on to other coins that they believe will bring more profit.
Listen, for mij it is bad to tell you not to buy because of course I want the price to go up spil high spil possible so that I can sell my own ETN for a nice profit. But no matter what happens before the release the price will most likely crash when 6.Two BILLION coins are released. No doubt about it.
So if ANYONE tells you to buy ETN right now they are either not looking out for your best rente or does not understand how the market works.
Some might even attempt to say that “Yeah but I buy it now and hold it for a long time!” Sure that would make some sense if not only for the fact that you can buy it SO MUCH CHEAPER when the price gets dumped. It makes no sense to pay 7 cents for something that will cost less than 1 cent straks. I assume you invest to make money not to lose it.
So PLEASE. Do NOT listen to anyone that tells you to buy ETN because it is most likely going to be A VERY BAD Overeenkomst.
If you believe ter Electroneum then WAIT until the ICO coins are released and then BUY A Loterijlot when the price is low. But if you buy now all that will toebijten is that you will have to wait longer to see any zuigeling of profit.
I get frightened when I read the Facebook groups with people attempting to pump the coin right now. It is not nice to pump something that will have get dumped te price straks on. If they tell you to buy ETN you are best of by blocking them because they have no clue about what they are doing.
None can deny the fact that the supply will OVERWHELM the request when they are released and you will have slew of time to buy the ETN at a WAY lower price than now.
I wrote this postbode for one reason and one reason only, to protect you from losing money. Spil I said I hold coins from the ICO and I only benefit from you buying the coin which would increase the price. But I have a conscience and if I wasgoed fresh to the market I would have desired someone to tell mij this.
So to anyone that tells people to buy ETN right now: Please think twice and then think again, learn how the market works and zekering attempting to make people lose money just because you want to make a profit.
Do not get mij wrong tho’: I think Electroneum are about to do something superb but it is just not brainy to buy it right now. Reminisce: SUPPLY AND Request.