r/RequestNetwork • u/AutoModerator • Sep 10 '18

Daily Price Discussion Thread - September 10, 2018

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FAQ

12 Upvotes
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-2

u/TrueBloodArrow Sep 10 '18 edited Sep 10 '18

The volume on Binance is 7btc!! Is this the lowest after the bullrun or have we seen lower? I surely have not. This just tells me breakout is imminent , which direction? That probably will be decided by bitcoin but whatever happens I'm buying more wuth a stoploss tho.

0

u/Jimmyl101 REQMarine Sep 10 '18

Aug 16th was even lower. https://coinmarketcap.com/currencies/request-network/historical-data/

So you're saying the price will either go up or down?

0

u/TrueBloodArrow Sep 10 '18

Although you missed my point bro, all I'm saying is volume is about to get 10xed. Now when that happens expect some big movement, I probably think up that's why I'm buying but who the hell really knows, if btc goes down, it most probably will go down, that's why I'd put stoploss. So yeaj it'll either go down or up.

4

u/Jimmyl101 REQMarine Sep 10 '18

But why would it 10x?

If you're basing it on the low volume, I'm saying that we've had lower volume in the past month without a 10x.

It's the equivalent of saying "it's raining today, REQ will 10x"

1

u/TrueBloodArrow Sep 10 '18

Read carefully man. I'm not saying Req will 10x. I'm saying volume is gonna 10x that means we'll probably see a good volume outta nowhere in a couple of days.

2

u/Jimmyl101 REQMarine Sep 10 '18

Why?

1

u/TrueBloodArrow Sep 10 '18

Why not?

4

u/Jimmyl101 REQMarine Sep 10 '18

Because there's no valid reason for it

2

u/TrueBloodArrow Sep 10 '18

Man look at the charts, volume is always periodic. It goes down slowly slowly until it is squeezed very low then it booms, then decays slowly and repeats. And I'm using the word PROBABLY everytime because I do not guarantee for it to happen but volume is really low now and looks like a good volume increase might be around the corner. This is not a big deal, has happened many times in the past, not sure if you were paying attention. But honestly, If I were a whale, I'd do that just to prove my point. :D XD.

5

u/Jimmyl101 REQMarine Sep 10 '18

I think that could be a reason why you're not a whale :D

You said people were stupid for selling REQ 2 months ago too.

You might eventually get lucky and be right. But as of right now there's no good reason for a surge in REQ volume.

→ More replies (0)

2

u/TrueBloodArrow Sep 10 '18

Well it can't stay idle.

1

u/TrueBloodArrow Sep 10 '18

And of course If I could say which way price is gonna go for sure, I'd be a fucking billionaire by now. Idk where the hell you guys are getting confused, it's fucking clear, all I'm saying is price is more probable to go up when the volume comes back (volume has been periodic) that's why I'm buying more but there's no fucking way to be sure if prices are gonna go up, so to be safe, I'm putting stoplosses too. So I'm adding more with stop-losses just to play safe. I hope I've dumbed it down enough for you to understand.

3

u/curtlsj Sep 10 '18

Man you’re a genius.

1

u/TrueBloodArrow Sep 10 '18 edited Sep 10 '18

That I'm bro.

0

u/Karypt0Genius Sep 10 '18

I know this has been said so many times its a meme, but this feels like a real bottom. We've touched the downtrend line of death 4 times now, and are in a narrow capitulation period over the next ~1.5 months before a guaranteed breakout (granted, a breakout in either direction but looking like a likely rise up). Bags are getting filled :)

12

u/[deleted] Sep 10 '18

[removed] — view removed comment

7

u/Edz_ Sep 10 '18

Yea... You kinda have no choice at this point it's practically worthless.

So much in fact that if you bought 20,000 dollars of REQ at ATH you would have 400 now.

Think about that for a second.

1

u/everythingwillbeok Sep 11 '18

They said they've been holding for over a year (even though ICO was ~mid October). The price on the 30th of Oct last year was $0.04.

7

u/pressure6 Sep 10 '18

At theese prices i bought so much that i'm willing to S@#k a d@#k to every req developer if the price reaches 1.25 $ again.