In life, nothing's certain. That seems to be the same in the world of crypto trading. Sometimes, things that you don't expect happens!

A fork is coming yet people sell their lambo and liza cheap! What are the thinking? Is this a trading strategy or panic?

image from pixabay

Sometimes, I'm still being surprised by how unique people can think in trading Crypto. Whether it's a newbie or a long time expert trader, they just do what they wanna do the way they think differently than most of us. It's quite interesting for me to know why humans are like that.

LIZA price is still the same even after the official announcement! How surprising?

Usually when there's a new fork, many of the traders would take advantage of the free coin they could get out of it. It usually results to an increase in demand thus increases the price too. Well, in case of LIZA, it's not what's happening.

Didn't they read the tweet?

I guess you know now what I mean. LIZA is still around 4 to 5 satoshi each which is very cheap! Whoever sells their LIZA at 4 must be really stupid. Well, If they're right, then I would be the stupid one. They know fork is coming but why do they sell their coins very cheap? I can't blame them if they abandon LIZA since the graph was always like down every week.

In crypto world, sometimes the graph doesn't matter. You might not agree but it's based on my experience so far. It's not like what we can see in stock exchanges. Even candlesticks is quite hard to trust now with the volatility and everything that's going on in cryptoworld!

So yeah! LIZA is the same but what about LAMBO?

It's not been too long since LAMBO was released in Yobit but we've seen lots of dumps already. Right now, the trend continues to go down which is not surprising since the interest rate given by investment box is astonishing 1% per hour compounding. Of course we should expect a dump if that's the case but, should we expect it always?

I've said about it already that LAMBO will have a fork right after LIZA's fork. I think what's happening right now is:

Traders sold their LAMBO profit to get satoshi and buy cheap LIZA since idiots are selling their coins cheap. It's a WIN-WIN! The cheaper LIZA these whales can buy, the more free coins they'll get once the LIZA fork is done. I hate to say it but it seems that always poor people has to become the loser. I hope it can change but I doubt it. Maybe it can happen in the long future.

This is just a theory:

Right now, people dump their LAMBO to but what after the LIZA fork ends? I think they will buy back more LAMBO but since the FUD has already been done, these whales will be able to buy again cheap LAMBO! We should know by now what happens next after that. It's possible that these whales who will buy LAMBO cheap will do a missive dumping again after the LAMBO fork.

As what I've said, this is just a theory. If things come better than expected then good but if not, then we shall deal with it!

As what you can see in the LAMBO price chart above, lots of dumps happened and it's definitely not the end of it. I'm kinda expecting the worst ;)

That's it for now guys! See you next time!

Disclaimer:

This is not a financial expert advise. Invest at your own risk and don't invest what you cannot afford to lose. Trading is a battleground of guts, patience, brains, and of course money. Please do not enter if you're not prepared to pay the price.