LISK WARNING!! - Price is only up because of a bug in Lisk and people cannot transfer to exchanges - Once resolved price will likely drop - Be Careful - Please Resteem/upvote to get the word out

in cryptocurrency •  7 years ago  (edited)

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This is a quick warning to people who are investing in Lisk or looking to invest in Lisk. I myself was looking at investing into Lisk, since I see potential. While doing research, I came upon a very recent reddit post which explains the sudden price rise of Lisk.

Apparently the price increase is for a large part due to the fact that there was a fork in Lisk due to an accidental bug, and nobody can transfer their Lisk out of their wallet to the exchanges.

This has caused the supply of Lisk on the markets to drop, thereby spiking the price up. You can read the post on the Lisk Reddit with more information here: https://www.reddit.com/r/Lisk/comments/6uy2ur/how_we_went_to_the_moon/

I thought I would immediately share this, in case any of you are invested in Lisk. Do your research and adjust your strategy accordingly! Don't get caught off-guard by this.
As a potential Lisk investor, I have decided to wait this one out for a few days, since I consider it very likely that once this problem is resolved there will be significant dumping on exchanges.



Please consider upvoting and/or Resteeming so this warning can reach as many people as possible!


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LSK🚀 to the🌛

Yeah.. maybe not if the news is true

I'm HODLing have since i bought in may.

Oh yes then you'll be good! Just keep hodling until this blows over! This warning is mostly for people who saw the rise like I did, and are thinking of buying in right now.

@pandorasbox got you a $1.53 @minnowbooster upgoat, nice!
@pandorasbox got you a $1.53 @minnowbooster upgoat, nice! (Image: pixabay.com)


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What people do not come up with to buy cheap LISK.

Maybe, maybe not.. in any case, it's always good to be informed of all the news and rumours before making a decision.

Good points in this blog. Good to see I'm not the only one that is thinking about this. Many people say the prices of cryptos are high but we also thought that about Amazon, Apple and Facebok last year. Personally I always use: https://www.coincheckup.com This site is really helpful in my coin research. I don't know any other sites with so much indepth analysis. See: https://www.coincheckup.com/coins/Lisk#analysis For a complete Lisk Indepth analysis