for those who dont read any more than this,
- dont use stop order sell functions on any exchange, period. this is why people were selling their etherium for 10 cents when it should have been like 3 to 4 hundred dollars each
for those who are still reading and want to know why or what a stop order sell is,
stop order sell function is an automated function that will sell your coins if they drop below a certain price point, and while this might save you from losing money some of the time, it does not guarantee a price for your coins, so if the market plummets fast from a whale dumping to drive down a price, so they can buy cheap coins, guess what? your coins get sold for what ever the market is at, even if it is far far FAR below the price you set your stop sell at. so buy setting it or even using the function, you are making yourself vulnerable to pump and dump scams, on the dump side of things,. so best option is to not use them, period.
what are you to do? set regular sales when you leave the market and wait for them to go through, this way you make money off pump and dumpers instead of losing to them, set them high, and remember what you bought for and just be patient to buy at below what you sold for, and you make money, otherwise if you are too impatient? leave the market and hodl, go do something else to make more money, and just hodl a coin that gives an accrued interest, ,like say OKcash or chaincoin, with their either staking or master nodes (which is just a very restrictive form of staking, and for those who dont know
Staking, verb, a form of holding onto a percentage of value and expecting a percentage of new value to be added much like interest in a bank, but unlike the loaning of currency to others who then pay it back with interest, you give no-one your coins and just participate in the moving and updating the blocks that are the ledger of your given coin, so that coins can be transferred from one person to another, then you get paid for doing this service according to how many coins you tied up in your wallet while doing so.
thanks to Neal Jones on facebook for bringing up the federal reserve banksters and how they are probably going to have to profit in the future, once the worthless green paper they promote *(remember they dont even print it, they make those who beg them for it pay for it to be printed even, so they have no value in the game at all, and yet reap huge theft based rewards every day) is worthless and they cant make their profits off the ponzi scheme that is current fiat currency. which is to buy up vast sums of bitcoin the likes of what no whale has ever seen and then use that to pump and dump on the masses. Dont let them steal you blind again in the new era because we have the power with cryptocurrency, so now we have no-one to blame but ourselves if they take advantage of us again.