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a $1,000 $MM purchase on AVAX would push the price up 12.36% on the AVAX network. $500 - 7.5% , $250-5% . No wonder people are buying/selling small amounts. The price moves too much ! Probably the same with other networks with low liquidity.
https://snowtrace.io/token/0x993163CaD35162fB579D7B64e6695cB076EF5064
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@RomanistHere the bots and people step in quickly and dump on you when the price goes up to fast in a short time. but yeah, basically if nobody sold. LoL
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@Tim_MM_Hodler well, while we're not so popular there shouldn't be a lot of bots is there are any at all.
If we knew in what time MM selling/buying activity the lowest, we could theoretically support it long enough so it will stable at some point. Isn't it what guys with GameStop did?
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@RomanistHere there are bots that will front run u esp on BSC
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@Tim_MM_Hodler my 100 dollar order pushed the price up so much it triggered a bot to sell lmao
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@BankHead @DarthVader I wonder if we can figure out strategy how to make bots work for us.
Bots should most likely have some idle time after it bought or sold. So if we pump the price a bit -> trigger them selling and make the price go down a bit -> start buying it, so the bots won't have time and deeps to buy. It can lead to price stabilizing at higher level and marketplace bots losing money. Win-win!
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@Tim_MM_Hodler Thank you. Very interesting.
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@RomanistHere there's a set to where u won't get beat by the bot on BSC but the thing if u don't use the set up on by and sells they can front sell u and vice versa
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@RomanistHere look at the time stamps of the sells. it's seconds after a buy order goes through. at least one bot is dumping and probably making good money. transfer MM from another ecosystem to AVAX and dump if the price rises to quickly. I'm not going to pump a bot bags. LoL
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We have a lot of positives on MM at the moment, including Metafora and the number of holders growing steadily. Despite this we appear to have an endless cycle of pump and dump on the price of MM?
What is causing this and what has to happen for this to stop so that the price can gradually start to rise?
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@Tim_MM_Hodler Honestly, no clue. I found a thread on Reddit that they tend to do this often. Interestingly enough, I was able to transfer it perfectly fine like 2 weeks ago 🤔
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@0xe6eeaf017fde806c78929b07b6bec670cc7c9149 interesting. yeah, i have heard the same rumors and it makes me worry a bit about Binance but I haven't had issues with them yet. sometimes exchanges sit on new deposited funds from a bank for a week to make sure the funds clear before they allow you to transfer it off the exchange.
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@JamesHuckle bro I couldn’t believe you can send from coinbase straight to MetaMask all this time on the avax network. That’s huge. Not sure if @TL knows about that. It opens the door to so many more traders!!
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@BankHead looks like it!! https://youtu.be/sRydViWYslA
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Work harder. Seems like a lot of folks in this space could use this advice. https://dev.to/nikola/work-harder-52n4
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@RomanistHere totally 👍
And, not that there's anything wrong with those that work 'hard' AND actually 'get to the moon' via smart/lucky/xyz investments. It's just that (I'd love to see actual stats behind this claim) IMHO those that already 'have' the money, tend to be smarter with it when they 'struck big'. We're on the same page, so I won't continue to beat the dead horse. All the best to you 👋
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Giving away 500 Hearts to every Metafora account who likes, follows, and comments!
Hearts can be used to bid in the live NFT Art Auction coming up on Thursday, January 20, 2022 at 7 pm US Central at https://twitch.tv/heartsart This promotion lasts only for 24 hours and will end at NOON (12pm US Central time) on Thursday. The 500 Hearts is in addition to the 500 bonus hearts you will receive for creating a new account. See you at the auction tomorrow and make sure to check out our metaverse at https://hearts.art/m - Misol & Astro
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