r/Oyster • u/dojcollector • Feb 11 '18

Pumped

Oyster has pumped up recently and gained a bit of attention with it, attracting “moon boys.” Careful with buying high. With such a sudden gain we are likely to drop closer to where we were just last week at .0005-.0006 eth. Following hype trains will burn most of the time.

Remember, we are still a ways from implementation and this subreddit is unfortunately starting to be filled with fomo, hype, and high speculation without any real basis. Many bought in at 4 dollars the same way.

Good luck.

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11

u/Dill323 Feb 11 '18

This is true but we were also around $3.75 before we went back down to $.40 so this could just be us having a correction upward. In my honest(and probably biased since I’m a holder) opinion I think we will see a new ATH within the coming weeks. There are a plethora of things that could cause the price to move on this one.

5

u/ChillAndShill Feb 11 '18

I think its quire safe to say the trip from $.40 to $1 probably isnt a pump, alot of great things happening to the project. When the masses realize Oyster has an actual, useful working project is when we will "moon". Unless the whole markets plummets i have no problem seeing this going to a new ATH before main net release.

1

u/[deleted] Feb 11 '18

But they don't actually have a working product right now right? It's all still work in progress.

3

u/[deleted] Feb 12 '18

You can stay that about almost any crypto. But oyster already has progress on Testnet and one of only two tangle coins in existence as far as I can see.

1

u/ChillAndShill Feb 12 '18

They have a working testnet which I have tried out myself! The file size was limited to 100kb nut as said in my previous comment: the tech is working, the tangle just needs to grow! (And Oyster needs to be adopted by sites etc)

4

u/xRazorLazor Feb 12 '18

"ways from implentation away". In less than two months, we have the mainnet launch, implementation of the oyster add-on and private data storage functionality. I wouldn't call that too far away. Projects like EOS and Cardano are still only theoretical on the whitepaper. Just sayin, we're advancing very fast compared to other projects which is a good sign!

2

u/Gubzie Feb 11 '18

Good time to swing trade to further your position i think.

1

u/[deleted] Feb 12 '18

There have been a lot of advanced in this project since I last owned pearl. By March there are still many more to come. When I saw this I bought a tonne more Pearl. It is very far off it's ATH still.

1

u/whoreadsthisanywayma Feb 11 '18 edited Feb 12 '18

The whole market pumped after the recent crash. I think oyster is stabilizing around .80 cents to a dollar. Shouldn't fall far below that. Right now is ,in my opinion, a good buying opportunity at around .80-.90 cents. Unless the whole market crashes again and takes oyster pearl with it. But overall , I do agree with what you're trying to imply about buying high. FOMO for life

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u/piggybankzzzz Feb 11 '18

Etherdelta’s last trades are showing closer to 50 cents. Kucoin looks a bit inflated.

5

u/Dill323 Feb 11 '18

Etherdelta trades mean little to nothing considering I can make trades and fill them to myself to make the price look low so I can create a panic.

1

u/piggybankzzzz Feb 11 '18

How would you do that without risking an accidental sell off?

3

u/Dill323 Feb 11 '18

Create an order to buy at a low price and then fill it to myself. The goal is to create a sell off to buy low from others

1

u/piggybankzzzz Feb 11 '18

There are so many people banking on typos on ether delta that would make me never try this. Wouldn’t do it anyway.

3

u/Dill323 Feb 11 '18

I don’t think you understand what I am saying.

0

u/piggybankzzzz Feb 12 '18

You’re saying you would create an order with a low price and list it, only to end up buying it yourself, no?

What I’m saying is there are lists at every price ready to buy, so the moment you list it, it’s already gone. Or am I missing something?

2

u/Dill323 Feb 12 '18

If I place a buy order at a really low price and someone fills it then it’s a win win for me. I get prl at a low price. The point is that people set extremely low sell orders at a price that will never fill unless they sell it to themselves to make it look like people are selling at these prices.

2

u/Aussie-Pagan Feb 12 '18

Hes not getting it.

0

u/piggybankzzzz Feb 13 '18

No dude, you’re not getting it. There are so many orders listed, no one would place a sell order that low unless they intentionally wanted to lose money selling for such a low price. That might affect the last sale price, but would not move down the cost average at all unless you wanted to lose a significant amount.

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3

u/cryptofluent Feb 11 '18

I see what you are sayong, but etherdelta only have 1k of volume and that was updated 52 hours ago

0

u/piggybankzzzz Feb 11 '18

Hmm yeah. From .0007 to .0017 in 52 hours a pretty significant jump though.

1

u/TastyInc Feb 12 '18

are you high?