OmiseGO coin (OMG) - what is this?

in #cryptocurrency8 years ago

are any of you investing into OMG? I figured I'd put a small amount of money there just for kicks. But it seems like more and more alt coins keep popping up. Are these pump and dump attempts, or are there some good coins to actually get into right now? Is this one of them?

Thoughts?

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I bought (and) sold some yesterday for a small profit (but sold too early!)......but I know absolutely nothing about it! Thought you might...haha, since you posted about it😄

haha nope, no clue, just saw it on bittrex

LOL😀

do you think antshares (neo) is a solid investment for long term holding?

disclaimer: i know you're not my financial advisor. just curious your thoughts on it ;)

I recently gave up on trading alts on bittrex/poloniex as there was a mini bear market on. Too bad for me!...as there was great trading to be had with NEM, XLM, this one, and probably others! Actually, I made a nice profit from antshares on the previous spike....but too bad I sold it all!😰

Is there a long term reason to hold it - not sure: I think the pump/dumps are often more extreme when China is heavily involved though ....so I wouldn't personally be to keen on holding after whatever news comes out! But before then, it could still go higher I expect.

As for what it's about I don't really know other than I heard it described as China's ethereum 😄If so, yes.... it might well be a reasonable long term hold!

Edit!! Probably there is no objective evidence for what I said about pump/dumps when china is involved! What I think I'm recalling was the volatility in bitcoin (and Litecoin) when okcoin/huobi were the drivers of the market and provided leveraged trading (which is no longer the case).

thank you dude, I appreciate it.

OMG down 25% today lol. not sure if buying opportunity or run for the hills ;)

Lol....welcome to crypto 🤣

Also, buying the dip normally works well....if you just make sure you buy at the bottom of it..haha 😉

yes indeed lol. if you bought at $.25, a dip to $2.50 means absolutely nothing. in fact it's still glorious lol.

amazing post. Thanks For Share.

yes omisego is a new decentralized exchange platform that is used now by bitfiniex so it is a good buy. mostly it will help fiat to crypto conversions

does a crypto being picked up by bittrex make it more legitimate ?