Tonight (2018-08-01) at 00:00 UTC Binance will make a snapshot of their VET holders and airdrop them VTHO in the upcoming week. This might lead to a pump and dump scenario for VeChain Thor. I expect a run up leading to the snapshot and a dump right after. I'm holding VET long term, but might sell a portion right at the peak and buy back at the fckin dip. Article on Binance related to the airdrop: https://support.binance.com/hc/en-us/articles/360009187992
Unlikely it'll pump 40% before the airdrop. I expect the price to stay stable untill the airdrop and drop right after.
BurgerKng
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Didn't really happen... apart from the dump bit.
xchng
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@BurgerKng, Hindsight is always 20/20. Didn't expect it would be so heavily manipulated with dumps to create panic and duck the price so far in advance. I held till the snapshot. Sold in the dump and bought back 12% lower to increase my stack. Now I'll hold again since I expect it will do well. Researching running a node as well for extra income.
Bitcoin-Proselyte
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how much vet do u think 20k vet gets during airdrop?
whats the better choice to get the airdrop or to sell at the possible pump before the airdrop?
xchng
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@last.samurai, hard to say. It could go either way, so not giving any investment advise. I'll hold until after snapshot, depending if it already dumped or is still fairly pumped I'll decide to sell off a chunk or to just hold and earn more VTHO. Some whales might dump before the snapshot though, but I have enough faith in VeChain that it will recover after a dump relatively fast since it's one of the best projects out there.