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RE: OmiseGO coin (OMG) - what is this?

in #cryptocurrency • 8 years ago

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😄

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haha nope, no clue, just saw it on bittrex

 8 years ago (edited) 

LOL😀

 8 years ago (edited) 

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 ;)

 8 years ago (edited) 

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.

🤣