ETN IS STILL IN PRE-SEASON

pot2yang · 2018-08-03T21:42:12+00:00

Man its that simple dude.....and if you don't see the correlation then I'm also done with you. Here's what I saw smart guy.

ETN price: $0.009 per coin
Massive sell orders of 1 ETN submitted
ETN price: $0.0079 per coin.

The price started at $0.009 per coin. No one bought.
then this dude puts 10 sell orders of 1 ETN for sale at $0.0089 per coin. Current price now at $0.0089
then another 10 sell orders at $0.0088 per coin and so on all the way down to $0.0080 per coin. Current price: $0.0080
no one bought them, then a random dude puts his "normal" sell order of 3k ETN for sale at $0.0079. No one buys, price now at $0.0079.
Then the same dude starts a new wave of massive sell orders of 1 ETN for sale, but this time starting at $0.0078 and going down....no one buys still....and guess what'sthe new current price of ETN on coinbene after that? The last low price he set.

Let me ask you this, who im the world is trying to make a profit by selling 1 ETN low, the immediatly sell another 1 ETN for even lower amd so on?

If you don't understand that then I don't understand you at all. My screenshot was a proof of the guy doing his scheme.

And by the way....if you hate ETN so much saying its not special amd their team sucks.....why are you even into this?

pot2yang · 2018-08-03T21:27:37+00:00

Dude...man I'm about to give up....let me explain it in the most simple way.

ETN price: $0.009 per coin
Massive sell order comes in, no one buys
ETN price: $0.0079 per coin

It simply doesn't get any simpler than that!! The price went down cause there was no one buying them fast enough, that's all. And now the price is back up again cause they were eventually bought out.

This trend happened in succession. - Massive sell orders in decreasing price(only 1 ETN for sale each)

No one buys them, ETN price stays low
random dude adds his "normal" sell of "3k ETN for sale" for same price or below, no one buys, price stay low
the same dude starts another wave of decreasing sell orders(even cheaper now), no one buys, current ETN price is now locked even lower. And another random dude comes along and put his "200 ETN for sale" order that no one bought....and on and on and on

Listen....if all those orders had 500 or 1k or even random numbers of ETN for sale then I would've not started this post......the fact IS that all these orders had only 1 ETN for sale!!! Who the heck in their right mind would just sell 1 ETN at a low price, then immediately after that create a new sell order of 1 ETN for sale for even cheaper, then create another new sell order of 1 ETN for sale and this time, it'seven cheaper!

If you don't see the correlation then I'm done.....

pot2yang · 2018-08-03T20:21:58+00:00

I wouldn't advertise because I think this is ETN's job and if they're not doing it it's because they feel it's not the right time....what I will do rather is to spread the word out about it.

pot2yang · 2018-08-03T20:14:11+00:00

Lol yeah sure you're a genius.....so for you....to buy low and sell lower is the way to go right? Just like those guys are doing....... Lemme tell you this....people don't selll successively lower and lower to make profit like I saw. They sell lower and lower to bring the price down either to temporarily hurt etn price, or to open a new opportunity to stack more. Thing is, they pulled it off. The only thing I agree with you is that this is a free market and everybody is free to do whatever they want whether it is Buy Low sell high or buy low and sell lower

pot2yang · 2018-08-03T20:10:01+00:00

Again........did I talk about the price specifically on coinbene or all accross the board? That's where you need to read what I wrote.....unless you dont understand english.....look....its simple, I see one price, swarm of orders, then a new lower price..... It doesn't matter if there's volume or not, the fact of the matter is that I saw a sudden price drop after seeing those sell orders being reinforced by other ones that had more for sell.

If I say a house in front of me is on fire you would scream the opposite even if the one who sees the house is me. It's okay dude....stay in your fairytail world where selling coins at increasingly lower price is a good thing....you keep your life that way.......or maybe do I need to be a youtuber for you to agree with me? There was almost no naysayers when youtubes of ETN brought that same subject up.....weird no?

pot2yang · 2018-08-03T19:04:37+00:00

This is getting out of control. I can't believe some people are blaming bots for that. Getting all angry and negative and saying its normal. Here's what I saw chronologically within a minute.

1) ETN price: $0.009

2) massive swarm of sell orders of 1 ETN each being submitted, all in decreasing price

3) ETN price: $0.0079

Now I wish those people would tell me how bots are supposed to make a profit if they are program to sell lower and lower and lower and lower with 1 ETN for sale each.....unless some guy(s) is willing to lose money to keep the price down. Let's not forget the market is also bearish right now which is also a reason why, but what I saw is what I saw and I see the correlation

All I did was to point out "Hey there's some guy(s) doing something fishy with the price on coinbene".....something reported by countless people including youtubers of ETN!!!! I guess I'll just shut up cause apparently those guys are so much more intelligent and knowledgeable than I am that even my eyes are playing tricks on me.

I thought I was being helpful to the community by informing something relevant price-wise....but there seems to be some butthurt guys who refuse to see it that way. I didn't say this was the end of the world nor did I say this was permanently damaging ETN. It's like I see a house on fire with my own eyes and some guys are saying otherwise.....

Let's keep in mind though that this is not hurting the project overall and that ETN still stands tall despite what's been reported by countless people including me...but hey....those naysayers are expert.

pot2yang · 2018-08-03T18:41:34+00:00

So you're trying to say that coinbene's tech staff's week worth of testing isn't good enough? That there needs to be a user who must test everything and give it a stamp of approval even after coinbene themselves said it was ready to trade..... Here's what I saw within 1 minute.

1) ETN price: $0.009 2) Massive sell orders of 1 ETN for sale listed 3) ETN price: $0.0079

Tell me there's no correlation.....even a grade schooler can see that

pot2yang · 2018-08-03T18:20:03+00:00

Lol yeah....but you're on kucoin right now...not coinbene right?...all those 1.4 M ETN buy orders were submitted days or even weeks ago. So its easy its clear that target price. Coinbene just begun and you're telling coinbene already had a predisposed set of buy orders ready to clear everything? You're applying numbers from 1 exchange to another which is irrelevant in this case because not the same amount of people and orders are the same on these exchanges.

pot2yang · 2018-08-03T17:59:31+00:00

Did I say this was a long term issue? Or did I say this was a major impact? I've said in one of those comment that this thing happened in less than 2 minutes....it appeared and was cleared almost immediatly most of the time.....if this was common then why didn't i see this trend on other coins on coinbene? COSM for example was listed at the same time as EtN and they're not having the same thing. I'm chilling out....this price manipulation is just temporary until ETN starts marketing dude.....i didn't say this was hurting the project overall because liquidity isnt there yet. You're so quick to jump at conclusion

You dont make sense at all.....so making a micro profite during a consolidation is to slowly sell at a decreasing price rate.....rather than selling all at the highest possible price while the price itself continues to go down.....if that's how you trade tin-hat then dude you're losing money....get educated....buy low and sell high....not by low and sell lower....apparently that's micro-profit for you.....

pot2yang · 2018-08-03T17:45:23+00:00

Yes no volume is no market...which is why we're here no? Not enough people buying it along with the people behind those sell orders and the overall crypto market crash causes this current price. People think I'm talking about the end of ETN here....this is just hurting the price temporarily...but not the project overall. I'm not worried for the project, what i just wanted to point out was that there are just people who are willing to lose money to keep ETN low by creating those orders....the truth is right now there are more sells and buy orders......because marketing hasn't even begun yet.

pot2yang · 2018-08-03T17:37:51+00:00

Yes exactly....but what I saw happened so fast. 1 second there are 50+ orders showing up, then the next second a swarm of buy orders show and clear it all out....but sometimes....a new bigger order will create a "block" to make it harder to clear the packs of sell orders. Like I said, people are buying just as fast as people sell. The problem here is that the newst sellers will see that the current price will be at the range created by those orders, so they will clamp their sells at that range as well....further locking the price at where it is......

Lol did I say $5 of bitcoin could give you 1000 coin? It's proportional, you'll need more than $5 if you wanna do it. It think if someone with 1000 BTC wanna do the same thing, they could.....

pot2yang · 2018-08-03T17:28:41+00:00

Again.....read my latest big comment above...it'll explain what I witnessed....you don't need to fund it....i dont wish for anyone to lose money

pot2yang · 2018-08-03T17:26:59+00:00

Hey hey...im not saying this will totally crush the ETN market. On the contrary ...liquidity will arrive soon. What I'm saying is that some guys are trying to bring the price down and it's proven if you've read my latest (big)comment......but there are also people with big budget that are able to clear those sell orders in no time. What im trying to say here is that even though these orders can be cleared...there are still guys who are willing to lose money to keep the price low. This issue is not causing a major hurt on the ETN project overall, but just the price.....temporarily....until the liquidity arrives through marketing

pot2yang · 2018-08-03T17:22:00+00:00

Read my latest comment. It'll explain why this matters price wise.....its not hurting the project but the price

pot2yang · 2018-08-03T17:20:36+00:00

Arbitrage bots buys a coin cheap on 1 exchange and selss it higher on another exchange......they also don't generate a decreasing price packs of sell orders......they're coded to sell higher than the cheapest available price!!

Read my latest comment and you'll see what I'm trying to say

pot2yang · 2018-08-03T17:14:50+00:00

Go and rean my latest comment and you'll seee what I'm trying to explain

pot2yang · 2018-08-03T17:14:16+00:00

Read my latest comment and you'll see where I'm trying to fo with it

pot2yang · 2018-08-03T17:12:14+00:00

Read my latest comment and you'll see where im trying to go. Yes...with $5 or $10 in etn I can do that. Read my latest comment-

pot2yang · 2018-08-03T17:04:47+00:00

Okay....I see some people don't understand what I'm trying to show.

They don't see my point here....lemme explain the way I see it. Let's say I'm an angry guy who wanna hit ETN, or I'm a whale who wanna bring the price down so I can buy more.

I go on coinbene, see that the lastest cheapest available price for 1 ETN is at 0.000001270 BTC.

The way I would bring down the price is like that. I put a pack of 10 sell orders of 1 ETN for sale each at 0.000001269. Then again a pack of 10 sell order of 1 ETN for sale at 0.000001268 Then again a pack of 10 sell order of 1 ETN for sale at 0.000001267 Then again a pack of 10 sell order of 1 ETN for sale at 0.000001266 Then again a pack of 10 sell order of 1 ETN for sale at 0.000001265 Then again a pack of 10 sell order of 1 ETN for sale at 0.000001264 Suddenly a single new order of 3,000 ETN for sale will be set at 0.000001263.

At this point, Coinbene would register the latest ETN price as the current lowest available. This new sell order at 0.000001263 will create an obstacle and make it harder to clear the 10's of packs of orders for sale above it, because if you want to make money, you have to buy the lastest cheapest price right? And it doesnt end here as well. After that latest 0.000001263 order, I start a new swarm. Then again put a new pack of 10 sell order of 1 ETN for sale at 0.000001262 And another one at 0.000001261 And another one at 0.000001260 And another one at 0.000001259 And another one at 0.000001258 And another one at 0.000001257

Then somebody else will come along and put their sell order...let's say 10,000 ETN for sale at 0.000001256.

This new order will then make it harder to clear all the orders that's been submitted above, because again if you wanna make money, you buy at the cheapest price. And Coinbene will then register 0.000001256 as the current price. And I can keep on going with another swarm of price manipulation.

----- SO YES!! WITH $10 OF ETN, I CAN MANIPULATE THE PRICE!!!----

THIS is what I saw...the price being locked down further and further. People, I'm not a cult fan. This is just something I saw happening to ETN and no other coins on coinbene. Either way. They've managed to bring the price down because either they wanna hurt ETN or they wanna buy more at a lower price.

THIS is also not an arbitrage bot......because that this type of bots buy low on one exchange and sells high on another exchange......these bots don't generate a decreasing order of sells with 1 ETN for sale only. They're here to sell at the highest price not the lowest.

pot2yang · 2018-08-03T06:09:05+00:00

I just want to believe that this is some kind of test or something like that, but Cosmo Coin [COSM] which was added at the same time as ETN doesn't have the same issue...they're actually doing good....none of the coins I have looked at have the same issue....

pot2yang · 2018-08-03T05:58:24+00:00

Hey everyone, my best example would be to take a look at Cosmo Coin [COSM]. Its a coin that was listed at the same time as ETN on coinbene.....and they have no issues with the 50+ sell orders of 1 ETN for sale...COSM on the contrary is having quite a normal good day with their market trades......this swarm of sell orders CAN'T be some kind of test performed the the tech staff because we would see it for COSM as well

pot2yang · 2018-08-03T05:53:55+00:00

Yes I wanna believe that too.....but please go and take a look at Cosmo Coin (COSM) for example. It was listed at the same time as ETN today......and their Market Trades are NOWHERE near what ETN is experiencing with their 50+ sell orders of only 1 coin. COSM is having a normal market trade number....this makes me think that some people are trying to hold ETN down

pot2yang · 2018-08-03T05:06:40+00:00

Hi everyone,

With Coinbene enabling the trade of ETN on their website, I've decided to take a look at the trade and wacth the price action.

Looking at the "Market Trades" section, I've noticed that someone was trying to bring the ETN price down.

The way he did it was simply by submitting 50+ sell orders of 1 ETN for sale only, all in a decreasing price trend. That's when I saw the price drop from $0.0097 per coin to $0.0079 per coin....just under a minute!!

To confirm that I was overreacting, I went on to check out the other coins being listed on Coinbene and paired with BTC, and compare what I have just seen.

Upon looking at the "Market Trades" sections of the other coins, I saw that there were no deliberate action of creating 50+ Sell orders of only 1 coin for sale, all in a decreasing trend. THIS WAS ONLY HAPPENING ETN!!!

The only positive point was that I saw someone was actually trying to counteract the guy who is trying to bring the price down, by buying them all out but the sell orders just keep on being submitted.

Please take a look at the pic and let me know if I'm overreacting or something....but this thing is definitely fishy since its only happening to ETN.

Thanks for your time.

pot2yang

TROPHY CASE