Jasmy - The Sad Effect Of Dilution
I love the Jasmy coin.
But the painful truth is that it has just been diluted again today by 200 Million.
Whilst the owners of Jasmy may have a long term plan, dilution sucks for day traders and short term traders.
Why?
Think of a piece of string. The more string that is released the longer and slacker it becomes.
Dilution drastically changes the behaviour of price movement . In turn this affects the time it takes to make a successful trade.
If you are trading long and are happy to wait months or years for the complete dilution process to take place, then I wish you well.
For the rest of us, who are waiting to make money on Jasmy in the short term, then I think we need to reconsider our options.
But the painful truth is that it has just been diluted again today by 200 Million.
Whilst the owners of Jasmy may have a long term plan, dilution sucks for day traders and short term traders.
Why?
Think of a piece of string. The more string that is released the longer and slacker it becomes.
Dilution drastically changes the behaviour of price movement . In turn this affects the time it takes to make a successful trade.
If you are trading long and are happy to wait months or years for the complete dilution process to take place, then I wish you well.
For the rest of us, who are waiting to make money on Jasmy in the short term, then I think we need to reconsider our options.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.