Hi Guys,
recently during the last pump of burstcoin which caused the price to go above its all time high since the coin started,
one of my friends decided to buy at 800 sats per coin. after the price dropped to the levels wee see today hes still sat holding this coin lol.
he seems to think that if he sets a high sell order that it might get hit at some point in the future however ive said that this probably isnt the case as after that last pump it created an additional 100m burst sell pressure making it hard for anyone to pump the coin in the future the books say it all.
look at the amount of large sell orders compared to the buys. to me this looks like its not going to move for a long while. what do you think?
He bought the peak, to buy the bottom wait for it to stop falling. I often buy before the bottom, so I usually get a small loss before and gains. It is a question of testing support, some gains create new plateus some are full of hot air. I held through the peak, so I was able to ride it out and still be up. People who buy now and hold can say one day I bought Burst at 800 sats and people will gasp in awe at their foresight. Why are not all cryptos super green? First with automated transactions, also very impressive, when burst is 50k sats we will all look back and laugh at what we thought were "loses' currently. Burst, to the moon!
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