You may have seen this in the past when the order and sell books fill up either side with large orders.
If you enter into this coin you won't be able to sell out unless you lose 1 sat per coin you hold.
The books have been loaded and you will be trapped this is on Bittrex.
This is a warning to all traders check buy and sell books before you buy!
Make sure to Follow Dollars and Senses as we are here to look out for you!
Kommentar
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To save any confusion here on this coin before you will understand this post you will need to see the order books and Sell book on Bittrex.
Just this morning this coin had 100 in volume and since then the books have been loaded. It makes it very very hard to see any movement and carries extremely high risk as you won't be able to sell out and can be dumped on at ANY time.
I would NOT trade this coin now, when the sell book empties of course I would trade Redd coin its a good coin. I would wait for an entry though where we can make a profit instead of diving head first into very dirty waters.
Analysing the reason to buy and not to buy a coin is the most crucial part of trading with no analysis you would be far better donating your funds to a charity.
WORST ADVICE EVER..
rdd got listed on upbit and are coming up with a new mobile wallet...DYOR
DollarsAndSense
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@TanmayPhadtare, check order book and see next to top of timeline above chart and have a look at sell wall VS buy and tell me if now is the time for entry or should you wait?? Pays to look first
cptANGRIST
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this coin never had empty buy/selbook :) do you track exchanges or just talking by youself :)
DollarsAndSense
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@cptANGRIST, yes did you see it this morning lol 106 BTC volume and empty book lol
cptANGRIST
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@DollarsAndSenses,atm i see volume off 2740 BTC and full orderbook.. maybe your time zone is at one of the dead ones. sorry for your LocalTime. :)
Rohit_Shinde
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i bought RDD at 93 before BTC Dump now placed stoploss of 103 my portfolio was stuck bcoz of this coin
thank god it raised fast
DollarsAndSense
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@cryptotrade89, Yes I am always very cautious of these as if the book was manipulated you can lose a lot very very quickly.
aemike010
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This is bad advice.
DollarsAndSense
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@aemike010, why don't you buy some then try sell out. Check the order books.
aemike010
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@DollarsAndSenses, The order books are like that are all coins that are price below 100 sats. It's because there are only 100 price points at which it is possible to place an order, for ALL Bittrex traders. Look at SC. Verge was like that when it was in the same price range. When you have a token trading at 50k sats there is room to spread out the orders. It does not mean you shouldn't trade it. The price action just moves differently . You run no more or less risk trading. You need to be patient. Why on earth would anyone buy something 85 sats and then sell it five min later for 84 sats, anyway?!?! You have to wait for the price to move and then you wont lose a sat. Spend five min watching the price move. It looks like cement, but that's only because there are so few price points--it's consolidated. And that is not a reason to run around telling people not to buy something.
rdd got listed on upbit and are coming up with a new mobile wallet...DYOR