Combine that was some on-chain analysis like who is buying, how much funds do they have and who is selling, have they been consistently selling and do they have more? Usually you can see the difference between a real user address and a market maker address, it takes some time observing though.
“Wash trading is generally illegal in most regulated financial markets, including the U.S., under securities and commodities laws. It involves artificially inflating trading volume by simultaneously buying and selling the same asset to create a false impression of market activity, which can manipulate prices and mislead investors.”
wash trading ≠ market making
“Market making is the process where a firm or individual (market maker) provides liquidity to a financial market by simultaneously offering to buy and sell a security or asset at specified prices. They profit from the spread between the bid (buy) and ask (sell) prices. Unlike wash trading, market making is legal and essential for ensuring smooth trading, reducing price volatility, and facilitating transactions in markets like stocks, forex, and cryptocurrencies.”
Yes, on some cex price is 1.01 and on dex it is 1.0. Bot buy on dex and sell in cex. A second later cex drops to 0.99 → bot buy on cex and sell in dex.
And understandably so.
Take @WeeBert for example, I know I rip the piss due to his exceedingly poor taste in fitba teams, but the guy has been in this for a looong time, I doubt he’s too technically minded and just sees a wad (who knows how much) sitting for years and no big % gains (yet), so I have (Some) sympathy.
I can fully understand him wanting out ASAP and there will be a few like him.
people start realizing there is barely any liquidity and there may be none left soon
people start realizing foundation may need to liquidate some coin too at some point, there is not much runway left
people realize this shit hasn’t moved while everything else pumps
people realize this shit will only run when it actually works (redundant? double spend/close group “concensus”?) and is a 10-fold better in performance, efficienty and UX compared to anything out there now
people realize it may be the tail-end of this bull cycle, and any run in price won’t be lasting, may want to buy when price is 1 cent and below.
people realize no retail liquidity will follow as nobody understands arbitrum and we are not listed on any real cexes
people realize smart money buys bottom of the bear
people realize nobody knows about Autonomi and it will take years to rebuild our narrative/brand to have any sort of sustained network effect. Bears are good times for these especially with a semi-working product. OG crypto left and has long forgotten us, with the exception of those few that got stuck here.
Loads of reasons to sell,
at least some portion before your investment evaporates into nothing for a year or 2 when things can move up again
I will be laughed at and ridiculed on this forum, but its just how things are.
Common sense and informed descision-making does not favor increased exposure at this time.
Do i have some exposure, yes. I’m not your enemy :- )
Just tell me if we’ll be able to ride the altcoin wave in the coming months… or, on the contrary, will it be when the bears take control, when this project rises a little, but not as much as it could rise in an altseason…
My agogometer is still working fine, whirring away during the first phase of IF.
I expect further whirring on Sunday night/Monday morning as the Official Results of IF Phase 1 are decided.
As for ANT, like @Toivo, I bought back in and made a small but welcome increase in my bags. The gas price issue stopped me spending these gains on votes though so no double dunt sadly.
Still any increase in bag size is welcome, no matter how modest.
You are 100% confident now that we finally have a working network is the time to offload your tokens until the next cycle.
Thats fine, I am not confident enough to do so.
Maybe it is hopium but the risk of selling now to buy back lower seems insanely risky at this time in the projects life.
I would rather be the fool that held through a bear (whenever that may be) but kept all my coins instead of the fool who sold right as the project proved itself.