Yobitfinally released their new coin LIZUN which is a fork of LIZA!
If you're trading in Yobit, you must know by now that the coin is released already and is being traded. Of course as expected, a lot of dumpers dumped their free coins but not all did the same way. Some held their coins until the price went to 0.05 around 0.06 BTC before selling them.
image from pixabay
As said in the announcement first seen in Twitter, the ratio was 10M LIZA per 1 LIZUN. If I'm going to think of the ratio, the initial price should be at least 10M satoshi for each LIZUN but due to some traders scared of the dip, they sold their coins right away in such a very cheap price than what it's supposed to be.
This was the latest tweet of Yobit about LIZUN few hours earlier:
I can't really blame them since Yobit scared them with their "Denomination" with LIZA. Somehow, it ruined the trust of the traders both to the platform and to their LIZA coin which is a Yobit token coin. If you're reading this and you're one of the people who sold their coins after denomination then I would understand if you'll not buy LIZA anymore. Loosing at least half of the initial investment in one or two nights is really bad.
I can only say this but again, Yobit is not the one clicking the buy or sell order but us traders alone. If we sell our coins cheap and we lose, then we have no one to blame but our greedy selves.
LIZUN minimum investment is only 5!
Take a good look at the photo above. The minimum investment for LIZUN is only 5 pieces. If the price of this coin goes down fast which has a very good chance since the interest per day is 100% and the minimum amount to enter investment box stays the same, it might be a good opportunity to buy some cheap. This could be very risky so if you're not prepared to lose your coins and precious money, then better not enter and be more strategic with swing trades.
How Noisy is Chat Box Now?
It's always noisy in the chat box everyday so what more if there's no fork such as this? Lots of ideas are flying around!
Some are saying "HOLD" while some are saying LIZA/LAMBO and soon LIZUN is dead. Either way, trading is not always winning. Something loosing is inevitable though it's definitely enough reason to sell your assets cheap.
Some of them might be right and some might be wrong. Only time can tell which is which because right now, this new investment box can be another opportunity for some (Whales of course). It's up to you guys to decide who should be believed. Let the "Math" be the guide as well as research, patience and courage. No guts, no glory!
Current Price of LIZUN as of the moment of writing this post:
There you go! It went down pretty fast. Those who bought at around 0.035 must be selling their coins now for good profit. I can't blame them since it's almost double the money in an instant. That makes trading so much fun, exciting and scary! If you don't know how to trade properly, you'll be a beggar in an instant too!