Hello friends.
We are not shorting LUNC yet because we think it will have another temporary pump when Coinbase lists it. Right when this happens, it will be a great time to get short. On the long side, it's harder to justify buying LUNC, because there is not a 100% guarantee that Coinbase will actually list LUNC. It's also not certain *when* Coinbase might list it. So we won't get long. However, we think the probability that they will is very high. Probably at least 75%. This is because Coinbase loves listing shitcoins. They list some of the worst cryptocurrencies of all, and LUNC fits perfectly into that bill. Plus, as we saw with CZ, even powerful people bend to the will of the sheep herd. If the sheep scream loud enough, there isn't anything they can't "accomplish".
My idea from earlier still remains. Once the hype is gone, the coin whithers away and dies like the rest.
If Coinbase does NOT list LUNC, the price will just go straight down. If Coinbase DOES list LUNC, we will get an amazing entry for our shorts.
We are not shorting LUNC yet because we think it will have another temporary pump when Coinbase lists it. Right when this happens, it will be a great time to get short. On the long side, it's harder to justify buying LUNC, because there is not a 100% guarantee that Coinbase will actually list LUNC. It's also not certain *when* Coinbase might list it. So we won't get long. However, we think the probability that they will is very high. Probably at least 75%. This is because Coinbase loves listing shitcoins. They list some of the worst cryptocurrencies of all, and LUNC fits perfectly into that bill. Plus, as we saw with CZ, even powerful people bend to the will of the sheep herd. If the sheep scream loud enough, there isn't anything they can't "accomplish".
My idea from earlier still remains. Once the hype is gone, the coin whithers away and dies like the rest.
If Coinbase does NOT list LUNC, the price will just go straight down. If Coinbase DOES list LUNC, we will get an amazing entry for our shorts.