So guys what do you think? Can we see further increasing of price of XEM before snapshot will be done? In my opinion, there can be some price increase....
Been in this game since 2013. Dissapointing price action for any altcoin with a "Swap" coming up.
Not looking good for Symbol considering the fact none one is buying XEM just selling it.
Looks like "insiders" with 100m+ XEM have been opening big shorts on Binance and then using there big bags to unload, causing price to crash and at the same time earning them even more Bitcoin.
If you have big bags of tokens, this is the easiest way to make Bitcoin.
Disappointing only to make 27% profits on this, had more potential, but onto the next!
"big shorts" ... well, the result will be that they own 100M XEMs after the snapshot, too.
I guess that means that XEM will have some life in the future ...
But on the other hand this kind of "expected drop in price" is very good opportunity to play with shorts.
Ofc there is some risk to fail with those shorts too, but if the big boys are controlling the markets, then the risk is minimal.
Can anyone show any picture about those Binance-shorts? (Sell offer walls or sell stats)
If the big boys are closing their shorts after the snapshot, then they have lost that amount of XYMs.
That generates the next question:
do the "big boys" want to earn only BTC?
If yes, then that would mean that XEM and XYM has no value for them.
If no, then the short case is more complex than it seems to be, because it is kind of optimization task.
(Optimize with which strategy one gets the most dollars or BTC or XYM or XEM or other "absolute value", when selling/buying XEMs and then earning XYMs and then selling/buying XYMs too)
