A Trading Eye and a Bull Trap warning

in blurt •  2 years ago 

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The price of Blurt for me stays in a good region. That is not to say that I do not wish it to increase. I do. In time I do not see how it cannot.

Whilst there is internal turmoil in the platform and a realignment of development priorities it is to be expected that some will jump ship.

This creates good buy conditions.

As @ultravioletmag said in her post this morning. A good time to buy and increase your stake. Whaledom is never as far away as you think it is. Especially when the price is low.

And now a warning from an old trader.

The price is low, yes. Do not mistakenly buy above the market price at the moment. The general sentiment for the token is trading in a sidewards slightly downwards direction.

If you can buy at these prices then you absolutely should. However, be wary of buying on false pumps. These are where the price of tokens with small volumes are easily affected by small purchases and can rise 10, 20, 30% in a small amount of time.

This so often results in the bull trap scenario where investors purchase on the price rise and the subsequent drop, as there is little support, leaves them out of pocket and can lead to (further) disillusionment with the token/platform.

The volume has to grow organically to form support levels that hold up future price rises.

By all means buy in but tread carefully and do not pay more than the market price. A sustained support will push the price up naturally as orders are not filled and the price will rise faster than you realise or hope for.

Following my strategy above I have powered up a further 9K of tokens today. This is only the beginning.

#letsgrowblurt

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I would love to upvOte but I’m on like 40 percent now I gotta back off for a couple of days 🤣 so I’ll reblog 😅


Posted from https://blurtlatam.com

  ·  2 years ago  ·  

I will vote for you and me, haha


Posted from https://blurtlatam.com

Tbh I don’t care if I get 1 or 100 votes I believe that consensus is important and It’s up to others who they would like to vote for I don’t believe in begging or pleading. But I would like to see more options of witness pop up for sure :)

  ·  2 years ago  ·   (edited)

I'm very happy with 1 Upvote per day.... And it Adds up to 3,000 Blurt per day.

  ·  2 years ago  ·  

Me too


Posted from https://blurtlatam.com

💪🏻

Thank you, that is very nice of you

Lol, I only just realised what the voting power percentage meant at the weekend and realised I had been trigger happy with it before. Have to keep an eye on it 👍

  ·  2 years ago  ·  

Tip: To maximize my Curation Rewards I try to keep my Voting Power above 90 % so I only upvote about 10 posts per day.

  ·  2 years ago  ·  

Very good advice… always keep a Golem’s eye 👁 on the Volume …

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  ·  2 years ago  ·  

Could you explain this for those of us who don't know much about statistics?


Posted from https://blurtlatam.com

  ·  2 years ago  ·  

It’s how much Blurt traded on the Probit exchange in the last 24 hours…. $227.

For comparison $13,000,000 (Million) of Hive was bought/sold in the last 24 hours.

You have the 👁️ exactly right. The volume is what drives the price! I have seen too many fall into the trap of buying high

  ·  2 years ago  ·   (edited)

I try to buy at the bottom.

Waiting…waiting … waiting …. Meanwhile, … Stacking my other cryptos

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Stack them all. One of them will come up a winner in the next bull and then you will be living happy

  ·  2 years ago  ·  

I’m pretty happy with my Dtube and Hive so far

Now I have to look up Dtube. As I said I saw Hive but it is too pricey to stack.

Edit: now I have, it looks quite stable. Will look further. Would this be another earn to post platform only video format?

  ·  2 years ago  ·  

Yes… you can earn from videos but I actually do much better with comments on good videos. I earn at least 100 Dtube per month just from comments.

You can also buy Dtube coins on Ionomy …

This is my Dtube blog … https://d.tube/c/offgridlife88

  1. Create a Dtube Blog
  2. buy some Dtube on Ionomy … send to your Dtube address
  3. Let your Voting Build up
  4. Comment on videos with low VP% so that your Voting Power build to 100 Million.

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This looks like a good plan. I will put this on my to do list. Thank you. You have been a wealth of information. 👍

  ·  2 years ago  ·  

Congratulations, your post has been upvoted by @r2cornell, which is the curating account for @R2cornell's Discord Community.

Curated by <@bestkizito >

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Thank you kindly!

I juSt can’t rly get why ppl are selling out at these prices maybe they want to push everyone to sell and make some £


Posted from https://blurtlatam.com

Looking at the chart I can see that not long ago it was valued in cents. It is not clever to sell at any less than 1 cent.

Unless they have ulterior motives or just don't care. I have coins I have had for years that I wont sell for a loss. That could just be my problem, lol.

It was 4 c I think that I’ve seen.


Posted from https://blurtlatam.com

That would be a pretty return. I have seen and will see again coins of this value 10x-ing. That can often be the advantage of something so cheap. There is not a lot of down to go


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