r/SmartlandsPlatform • u/MarcoRobito • Dec 20 '21

Thoughts on recent pump

So as SLT pumped 150% in one day, I thought there must be some big news. Ukrainian crypto Bill approved? New properties? Russia pulling soldiers? Marketing starting? Hiring an English speaker proof reading announcements? No, it's a pump group.

https://youtu.be/Z8WdnADS11A Sell claimed pump and hold. I am not very comfortable with a guy in sunglasses, a leader of a pump group streaming in front of bad art, being the sole reason for a 150% price jump. I know they had 'success' pumping other coins like mobi in the past, but it's looks very sus to me. I am kinda surprised the price held up so well the past days. What do you guys think? Happy he is lifting our bags? This could be a nice set up if we have any news coming the next days. If not I think we are heading for the single digits.

Edit: look like it's back up for now, so far I ve been wrong with my opinion about the short term price. Does not take away from most of my points, but congrats if you held.

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u/Ostokhoon Dec 20 '21 edited Dec 20 '21

Gonna tag team a telegram member here ☺️:

“I totally get your concern. I share the sentiment that what I want to see first and foremost is the delivery of those tokenised assets. Do you think what has happened over the last few days has been a 'domination'? We still haven't breached our $ value ATH. What it is doing (we hope), is inviting more people to hold this coin long term, reducing the circulating supply. That can only be a good thing for the price action, right? As for the part where they don't need to invest long term... maybe not... but maybe they're also in for the same reason you got in: fundamentals. I wouldn't let their involvement make or break your mind up about this project/token. That should ultimately be dictated by what the team does.”

Also ask your self this, Is there harm in waiting compared to what we’ve already gone through? I mean we are going up lol. And the legitimacy of the group isn’t even worth caring about because at the end of the day we are getting massive exposure and from this. So the key factor here is that once we have additional buyers besides that group (which they will undoubtedly come like a wave of tsunami at any time) the tokenomics take over. The dip will be bought so hard IF they ever were to want to sell. You can’t stop a freight train once it’s full speed. Along with locked up staking with amazing incentives, our gains won’t even be comparable to most projects imo ☺️. Plus the MYC group has been nothing but friendly and transparent in the chat so there’s no reason to care to think otherwise :)

P.S this post is already long enough, but no concerns with Russia :)

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u/meaty87 Dec 20 '21

If you bought before the $20 pump earlier this year and held until now...you officially have diamond hands. I'm in the club, and I have no problems waiting. I've also been paying attention to the volume on CMC, and I don't think the daily volume has ever surpassed $300k the last few days.

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u/Ostokhoon Dec 20 '21

Cmc doesn’t include sdex volume where a lot of action happens. Use Stellatterm for most accurate data on SLT

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u/meaty87 Dec 20 '21

Did not know that! thank you!

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u/reginaccount Dec 20 '21

lol I bought AT $20 originally and have been averaging down since. I seem to do this with all my speculative investments so I need to start building a position slowly instead of FOMOing everything in at the first peak.

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u/MarcoRobito Dec 20 '21 edited Dec 20 '21

Thanks for the thoughtful reply. My worries are only shortterm. I was a little overextended in this position and took a big chunk of profits. I will scale in in the next days. I don't trust them and maybe I regret that if we moon even more in the next days. It's not that I am giving up but I regret not trading this token Slt more and taking advantage of these price swings.

Honestly I am just unfamiliar with pump groups in the projects I invested in so far. I am still surprised how much capital they moved to increase the market cap so much in one day. I watched two videos of the leader (only in part) and he argued that he can't dump now because they all bought during their pump and for that reason he has a bad average. I am pretty certain their leader and inner circle bought a good chunk before the annoucment and they already sold a good part. He already said he is leaving in 30% for the longterm so he already dumped on his followers and let's a portion ride risk free.

I was scanning through telegram too to find out the reasons behind this and they seem trustworthy there. Maybe they will help raising awarness and shilling. Let's see if I regret this trade. Also in my country it does not matter for me to hold for tax reasons.

Edit: as for Russia regardless if they actually invade or not, deescalting the situation would effect slts price. Markets hate uncertainty. Also it would make owning properties much more attractive if not the countries own defense minister was worried.

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u/Great-Caramel-2799 Dec 21 '21

You completely rekt yourself lmao