6646 Views | Submitted 1 month ago

Chasing the Pump is a Dangerous Game

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Dotun Deetee 1 month ago

@Jeff looking at this chart for me drowned in pity for people who bought in when the price was highest and are not at the bearish stated and are not willing to Hodl long term.

Indeed, most announcements or launches cause a short time pump, before the stability come to play, which in the process of sustainability; some down trends or bearish markets are inevitable.

Athar Saleem 1 month ago

◎  Dotun Deetee ☞

Absolutely right said.

Luke Brenland 1 month ago

I saw this coming a long time ago! lol glad i didnt buy it as i had no clue this was going to pump until it did and would end up being one of the FOMO losers lol

I just thought this was pumping because of the google association and once that died out it would dump.

Jeff Kirdeikis 1 month ago

Yep! Google using Chainlink does not drastically increase the utility of the token, it drastically increases the potential value of the company itself, which is not directly linked to the value of the toke

Olufunminiyi Ojo 1 month ago

Traders that are after pump price and not the project maybe affect more with this scenario because the market would just be like a mirrage and not reality. Let's be watchful of a project now before jumping into it.

Imo Clement Ekuma 1 month ago

First thing I have ever understood in a project is  BUIDING the value first and very other Good things comes thereafter.

Sam BTC 1 month ago

Very valid in today's scenario. The fact that Chainlink's market cap is just $700M makes it even more vulnerable to fake pump n dumps by whales. People who are really interested in Chainlink should do a staggered buy and not give in to FUD.


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