Nobody Talking About This

The volume is so low nobody can actually realize that profit. Enough free math lessons. Now kys

You need buyers in order to sell.

You realise this don't you?

Pic very much related. But not as much your parents, you dense motherfuckers, you.

Attached: S0-SFxi6yTJocEtCAVZQc1KsuiN6YdDCO1EdFWwPa58.png (559x989, 80K)

Gtfo of here you literal retard.

Maybe if you put a bid up at 50% of it's price, you can catch a low sell. Then flip it at ATH or higher. BRB, gonna make an acct and do it now

(Lol)
Ok fine. But I thought that the exchange acts as a middle man and buys no? How do I actually check if there are people to sell to?
How come this problem doesn't constantly arise?

and people thought this board was dumb in 2017...

Do you not understand volume and liquidity?

They do. This exchange must have a market maker that slipped up. I'm going all in at the next dip. I'm gonna be rich boys

>Ok fine. But I thought that the exchange acts as a middle man

Yes

and buys no?

No

Only other users are buying from you. Exchanges would all go bankrupt if they were providing liquidity for every shitcoin.

Interestingly, this is exactly the problem that a few projects like bancor tried to solve... But they're clearly failing at that.

didnt go up 180000%

coingecko is just shit

This is one the most low quality bait I've see , but because I'm bored: 24h volume on monday was about $50. Which means that a $50 purchase drove the price to 14 cents. Now imagine it would have been (you) who had thrown double that amount on that piece of shit on sunday. Would you still have 200k worth?

The volume has fluctuated between $40-$1k in the following days. If anyone HAD 200k worth of this, would they be able to cash it out?

Yeah well that was my plan too. So is everyone right that if we do that there won't actually be anyone to buy from us?

Jesus christ someone screencap this please.

I do definitely suspect this I have to admit. I mean what caused it to fall to 0.00007 in the first place? (Unless someone is willing to buy or coingecko is wrong)
I'm not a pajeet and this isn't bait. I'm just financially illiterate.
Honestly no. Can you explain?
I mean in theory yes I understand volume of trades. Liquidity I don't.
But mostly I just thought that the exchange acts as a middle man buying from you and waiting for a seller... otherwise you couldn't never sell instantaneously (and you can) right?

There will be no frowny faces on my thread young man

>mfw some dumb newfag will actually buy this pnd shitcoin

> Not a pajeet
> Financially illiterate

Jebus fuck.
Ok, so if you are actually serious, do yourself a favour and read about some basic terms like volume, liquidity, buy and sell orders, market buy/sell and limit buy/sell

I know what buy and sell orders are and what limit buy/sell orders are.

What I don't understand is the practicality of how the exchange works, not the concepts behind it.
I.e. if I own this and I want to sell it - surely I don't have to literally wait for someone to place an order? If I did wouldn't everything just break down...I mean I thought that was sort of the point of the exchange?
Just using the above coin as an example: the price is 14 cents one day, and then it falls to 0.00007, presumably because someone sold it all. But how could they sell it with no buyer?
If I'm misunderstanding how this case occurred please explain how you understand the price being 14 cents and falling to 0.00007. thanks

Yeah I mean I realise it's a pump and dump I just think I could profit from it.

Holy fuck you are a complete retard. Leave crypto, you are going to lose all of your money.

Exchange provides the platform where users trade with each other. That's why you need to have something on the exchange to buy something.

If you are limit buying/selling, you are setting an exact price you are willing to pay/receive, and it will stay the same as long as you cancel the order or it gets filled. It might take some time, if the volume is low (meaning less people are willing to do any trades), or if the price goes crab or entirely wrong direction from your set price, or if you have set it too high/low

When you market buy/sell, you'll be filling orders up or down respectively starting from the current market price until your specified amount is filled. If the orderbook is thin (meaning there aren't many orders and/or all are small, which is a result of nobody wanting to trade it), the price will either surge or crash even with small amounts, in this case a mere $50.

Liquidity is how easy it would be to cash out. Low volume -> fewer people trading and thus buying your coins -> low liquidity and you'll be left holding your bags.

>But mostly I just thought that the exchange acts as a middle man buying from you and waiting for a seller...
Think for a fucking moment. Why the fuck would they do this. Dude do you have 2 brain cells to rub together? Are you like 10 years old?

>Imagine wasting $100 to get attention on a Saudi Arabian camel shaving forum instead of using it for a bj.
Kek

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>I.e. if I own this and I want to sell it - surely I don't have to literally wait for someone to place an order? If I did wouldn't everything just break down...I mean I thought that was sort of the point of the exchange?

Yes. Yes you fucking do, you fucking numbnuts.
If you honestly thought you can just sell without anyone placing a buy order, go back to and start again. Even if it was the exchange that would doing it, there would be a buy order, but as has been stated before, if they would provide the ability to cash out of every shitcoin, they would broke in less than a minute.

>Just using the above coin as an example: the price is 14 cents one day, and then it falls to 0.00007, presumably because someone sold it all. But how could they sell it with no buyer?
>If I'm misunderstanding how this case occurred please explain how you understand the price being 14 cents and falling to 0.00007. thanks

How the fuck do you think the price forms? Out of thin fucking air by kikemagic? Of course there was a buyer. How did you even come to the conclusion that there wasn't one? Someone cleared the orderbook with about a 3k. And after he sold the volume dropped to nothing

Ironically I actually have a very high IQ lol. It's 146. I am uneducated in this field though.
Because...but...
Surely it would take more than 3k to take it from 0.00007 cent to 14 cent no?

No, because nobody wants to trade it. If there're absolutely NO other orders between 0.00007 and 14 cents, and even if the 14 cents had a sell order that would require 10k to fill up, you could drive the price from 0.00007 to 14 cents with a fucking dollar, if you market buy. The sellers order has not been filled completely, but since you paid 14 cents for that, you have now set the market price.

The amount of money moving doesn't define the price you glorious asscrack. It's supply and demand. The volume could even be higher than when it was sold, but depending on the supply (more sells than buys) it could barely break a cent. Or, conversely, it can be a shitload of smaller, and the price still surges (more buys than sells on the book). As we have seen.

HUURDUUR,one facebook test i did told me i had an IQ of 146. It's just basic stuff, if you had 146IQ you would know how that work right away. My IQ is much lower than 146 and i still understand how that shit work without having like 20 people explaining to me how it work.

MENSA told me.
Yeah but I can also tell through your written communication that either you aren't very bright or English isn't your first language or both.

I feel like you guys are getting trolled

because I wont buy high sell low like your trying to cause people to do

I truly fucking hope so.

Nope. I am asking dumb questions like a troll, sure. But it isn't for entertainment (at least that it isn't my main goal), it's to try and get good simple answers.
I want to understand at a fundamental level.
There is probably no point saying this because you cannot say it without sounding like an asshole but...this IS what smart people do. You have to be able to ask dumb questions in order to learn. It isn't about pretending to know and saving face. It's about actually understanding. Besides it's an anonymous image board, why should I care if you think I'm stupid?

Ok actual questions I would like answered, plz:
1. if you're relying on there being a buyer when you want to sell how do you guys buy any of these shitcoins with any kind of confidence that you'll be able to sell them?
2. When I look on coingecko what is setting the price it shows me? The last price it was sold at?
Because if there were no buyers how much could it tell me the price is 14 cent?
Or are you saying that whoever owns it all is literally saying "we will only sell at 14". But if that were the case how do they determine the price when there are multiple sellers? Always show the lowest offer as the price?

You cant actually be this stupid right?

Ok of the many many things that have made me sound stupid I have no idea why you picked that...

I mean you in general you stupid fuck. Please sell anything you have and leave.

Hahaha you're really mad that I pointed out that your writing makes you look retarded huh?
Guess what mate - literally everything you write and ever will literally reeks of stupid to anyone with an iota of intelligence.
You better learn to use proper syntax and grammar or you're fucked.
Having any actual substance to what you're saying will probably be impossible for you but hey, that's ok. We weren't all born winners baby.

8/10 OP. Nice job.

Dude if you need this shit explained to you and it takes you this long to catch on, you have a negative IQ.

Just picked up 1MM+ SHUF haha, you fudders are retarded.

SHUF $10 EOY

Litterally just go on to binance and watch the buy and sell orders on something move. Something that is low sat and has low volume might mean you and 1000 other people are waiting to even just buy it at 8 sats and 1000 are waiting to sell at 9 sats. You dont want to buy at 9 unless you think you can sell at 10.

1. We don't buy shitcoins with no volume. Or if someone does, it's usually just a small amount and as a lottery ticket while hoping someone will notice the moonshot and fomo in. Shitcoins with high volume are a different thing, because of the better liquidity. If it pumps, you can usually dump it.

2. Goingecko is a price tracker. It gets it's price from exchanges (probably only one in this case), and provides an average price excluding occasional abnormal spikes and/or dumps that can happen especially on smaller exchanges. Don't know the exact mechanism, but this my best guess.

You're probably not the best one to call anyone retarded in this thread, mate.

So the last price you see is the last price (or an average or whatever from several exchanges) someone has paid for that coin. If the volume would remain at 0 indefinitely, the price would continue to be 14 cents until someone buys and someone sells at higher or lower price.

Genuinely helpful. This man actually know what he's talking about.
I am rubber U r glue hejehe

As a personal opinion, low-cap coins as a whole are not such a bad bet, if you think altseason is a'coming, or the project is otherwise solid. You can get huge sacks with a small investment, and if we get a decent Pamplona, the price might surge.

The problem with low volume is that the price moons too quickly. Meaning you won't get as many as you would some other coin with the same price but higher volume. Besides, if the price is high but the volume is low, those who are not from reddit or normanland will understand that someone is holding huge bags. And if/when normans flock to crypto once again to hunt for the next BTC, the higher the price the more inclined they are to look elsewhere.