Garbage in - Garbage out! Chips crashing

[Recons.Com]

So, where do we start?!

Well, for the beginners, why don't you have a look at the attached screenshot?

The so called Chinese Premium letter 4L.com are at the lowest for last 90 days and this time no excuse of Chinese new year.

This so called big Chinese investors have zero interest in playing it decent.

After grabbing tens of thousands names at $20-200, they pumped it to 3,000$ then lost interest in it letting it to crash to $1,800$ and counting, they, like bunch of locusts, moved to other asset classes for new pump and dumps, including 2-3-4 L, N .ws, 5L, 7N. They did not care how much they hurt 4L.com chips by starting new rumor of LNQRP being semi-premium (the whole point of premium is not being semi-premium), as long as they could bring some value to first 15 letters they could buyout first, now they need more suckers to grab those unwanted letter domains, about 350,000 remaining and once they'll find them (and they will find them), they'll pump up the prices, sell the premiumer ones they hold (patterns, 15 uber premiums etc.), then the locusts are off to the next field and you can hold your babies.

 

[domeen]

Taxi drivers started investing into 4 letter .com-s. I mean if taxi drivers start to invest into Stocks, that usually means run and run...
Here in this forum someone said he is taxi driver and he has started investing into 4 letters

Thast funny

 

[domeen]

SAD thing is, that here still are guys who think the prices will start climbing again. It is sad.

 

[harpo]

Well when you been domaining for a long time you know ups and downs .. sad and happy are just cycles , just like weather, you know the storm will pass and the sun shines... those who have short outlooks and only see fast cash will suffer but ones who are firmly grounded in prime fundamentals based on logic and personal intuition will not be influenced so much by needing approval or by the emotions.

 

[joro001]

Well when you been domaining for a long time you know ups and downs .. sad and happy are just cycles , just like weather, you know the storm will pass and the sun shines... those who have short outlooks and only see fast cash will suffer but ones who are firmly grounded in prime fundamentals based on logic and personal intuition will not be influenced so much by needing approval or by the emotions.

Of course there's a lot of truth to that, but let's be honest the chinese couldn't care less about domains like 6n.coms that are up 50% today, with no end user interest it is a pump and dump plain and simple, everyone knows this by now it's old news they're doing this.

Looks like they have had enough of Ethereum crashing from over $20 to $11 today and bitcoin going down as well in the last week or so. This story of .com approval by the Chinese authorities was perfect timing for the chinese speculators to return and pump again. There are no real fundamentals here just like in 2015, or else highly speculative assets like 6n.coms, 4l.nets etc. would not be going up like this.

My opinion only!

 

[frank-germany]

if you ever traded stocks
you knew for at least 3 weeks
the rise was obvious