FileCoin is such a dangerous investment right now, primarily because it has never completed a market cycle. Probably up around thrill at the moment. Could surge up to around 300 USD (maybe a bit higher) before beginning its long and painful journey backdown. I wouldn't touch this shit with a 20 foot pole right now. Smart traders will take profits soon, or might have to bail at a loss at $125 or $90.
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Did I mention that the current Market Cap is $13,703,410,306.21 but the Fully Diluted Market Cap is $433,721,325,196.81 (Source: CoinMarketCap)? MASSIVE red flag.
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It's possible we are around complacency now. However if BTC dominance drops and a mega alt season starts then it could do up some more. Watching closely.
There is zero room for gain. People are simply looking at the price that it was when it hit binance... which does not qualify as the true valuation of a coin. Cmon people. This is being pumped by God-knows-who and will dump very very soon. Don't be left holding the bag... short short short the hell out of it
cache_that_pass
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YOU ARE ABSOLUTELY RIGHT. ANYONE READING THIS THINKING ABOUT HOLDING OR BUYING FILECOIN RIGHT NOW... DO NOT DO IT.
You have been warned.
Thanks for the share OP.
ianrdouglas
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You weren't wrong, but I find it odd that about 12hrs after someone — over a period of about an hour and a half — dropped 2.6bn into the FILDOWN/USDT Binance Leveraged Tokens pair, FIL dumped. And that the dump reached precisely to the highest level in which they bought in.
hashalgorithm
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Coinzy scheme detected, let see the chart like bitconnect 🤣🤣
davaadalaio
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let's short!
RazvanZNG
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no reason to dump btc is in sideways
Brisben
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@RazvanZNG, Right now yes. How long is it gonna last?
davaadalaio
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It looks like it's going to break out or break down from 218, I'm betting it will go down
1 Week: 91
1 Day: 93
4 Hours: 93
There is zero room for gain. People are simply looking at the price that it was when it hit binance... which does not qualify as the true valuation of a coin. Cmon people. This is being pumped by God-knows-who and will dump very very soon. Don't be left holding the bag... short short short the hell out of it