A Reminder.....Stellar Lumens is crashing!!

in #bitcoin7 years ago

Just a reminder to those of you that are holding Stellar Lumens coins......today at 2pm EST according to the way that the coin works and their bylaws; they will be flooding the market with 16 billion more coins or 16%. these will be distributed to Bitcoin and XRP coin holders based on the percentage that those coinholders control. So Stellar has crashed already, and should continue down even further as those 16 Billion coins come onto the market. Also, it should be a great buying opportunity after a few days when the price hits bottom.

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Thanks for the heads up. A bit of "over printing" is grounds for a price drop and a buying opportunity. Only central banks can get away with gaming the printing presses. :)

Good post. Same mindset here. The decision to buy a coin should be based on real analysis of the coin. I found that people keep buying coins without have any knowledge of them. This is considered high risk. I found this great website: https://www.coincheckup.com Since I use this site I make so much less basic investment mistakes. Check: https://www.coincheckup.com/coins/Stellar Lumens#analysis To see the: Stellar Lumens Analysis.