BITFINEX:SANUSD
Ok peeps. I cannot see the valuation in this stock being even close. Sub $1 or back to the lows. This is clearly a case of hyper ridiculous valuation. This could be a major short opportunity.
Ok peeps. I cannot see the valuation in this stock being even close. Sub $1 or back to the lows. This is clearly a case of hyper ridiculous valuation. This could be a major short opportunity.
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Spread the word, this crypto is clearly a short dream. If it were a stock, this would be ridiculous valuations? This is not a crypto currency to hold and I can't believe people bought it. I can't believe anyone is holding it at these levels. Low float doesn't matter when there's nothing to justify the valuation.
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They're fake providing support on the bid side to prevent the crash, but anyone holding now should be taking the opp to sell right into it.
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Who thinks this can easily go back under $1 (or back under $0.50)? That's $5.50 drop from here and drops happen fast. Sell into the fake bid strength trying to prop this up.
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Fake support keeps disappearing. They know this could drop like a rock in an instant.
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Think they're trying to do a manipulation run to look like strength. Wow, still can't believe the short potential if people find this and holders realize what they stuck in.
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I owned this I'd be DUMPING into any strength, fake or not.
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Guess I must have touched a nerve ;) fake propping happening.
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Even a little selling pressure is making the bid side disappear...reappear...it's all an illusion of strength. Who wants to prop this up. Back to $0.25 is within reality if everyone wakes up and sells. I'm looking for the sub-$1 range. Again, there is no real value to this crypto.
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Spread the word to the community, this is possibly the best short opp of this month. This crypto just snuck in with the rest of the ride and no way is it worth it. I'm not a short selling fan with stocks but with currencies, not problem.
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If mighty Bitcoin can sell of to half the run up highs, then this crypto that has no value can drop like a rock to where it started.
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If this were a real stock, it would be lucky to have a fraction of it's float valuation. The more I look at this, the more ridiculous this gets.
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Volume is coming in, so we're awake now. Truth hurts and I've been on the wrong side many times but SAN is ridiculous at these prices. Maybe at $0.10 for a valuation of the business, but $6.50, are you kidding me? What exactly does the crypto offer? Nothing.
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Don't fall for buy side 'strength' its all a sham, when real sell volume into market price comes in... Can't believe anyone would still be owning at these levels.
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There is literally no volume propping this up at these levels. I'm still dumbfounded holders haven't sold this back under $1...more like back to 0.25 or less.
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Surprised sellers aren't just doing market orders at this point. You don't want to be left holding the bag on this one.
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I'm even more amazed anyone would buy this at these levels, when there are so many better companies! That is dumbfounding beyond belief.
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MINUTES WITHOUT A TRADE. Why would anyone be in something that is so easy to manipulate. Sorry holders, you got suckered. When the floor drops, this will be back to where is started. Waiting for holders to clue in and bail. There is no fundamental reason for even a fraction of this valuation.
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The manipulators may keep this propped up, but even they won't be able to for long.
Anyone who is on the buy side or stays in...RIP...
Anyone who is on the buy side or stays in...RIP...
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When the sell off occurs, wonder how low this could go? Anyone call a penny? Or less before it recovers? It might not happen, but this is the kind of crypto (among many others, it's not alone) that should literally hit sub-penny when people wake up and sell off. There's speculating and there's...never mind.
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Now I think I'm just going to locate these terrible cryptos and go short on whatever Bitfinex offers. It's time to clean house so the good ones can survive. Ridiculous.
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CRYPTOFAIL, my new term. Holders in this must seriously be contemplating dumping.
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Some serious manipulation happening to keep this afloat.
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Last 2 highs were on lower volume and no volume respectively (Dec 23 & today). The first runs up were on large volume. Not good.
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Someone tried manipulating up but failed.
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Finally starting to sell off on light, very light volume.
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Panic selling hasn't started, but with this big a drop on very pathetic volume, kind of shows holders how bad this is...wait till the panic starts. I just hope I'm around for it...
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Weak attempt at support just happened. Guess they'll try.
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Perfect sell opp while they're trying to pump this back...
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They must have found out about my SELL call on this. They've been trying hard to keep this propped up...
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Hmm. If Coindesk creates their own crypto and competes pretty sure Santiment would be in a lot of trouble...
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Well, literally right after my post, SAN was manipulated up for a spell. Now, it seems that market (or so sellers) had enough propping it up. Decent volume on this sell but nothing that can't be manipulated back up. We'll see where they take this again...
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Here we go, back in the $4s
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Long drop back to $0.50...
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Will it drop back to $0.50 or less and then the manipulation back up can start all over...