Who says you shouldn't buy coins based on the name alone? LUN up 144% by samstonehill

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· @samstonehill · (edited)
$4.40
Who says you shouldn't buy coins based on the name alone? LUN up 144%
![e&l-37.jpg](https://steemitimages.com/DQmUYsgVf1zte4ewMFrAJqCSpta7cC3tPVkc6z8fRDJx4Rf/e%26l-37.jpg)

I bought $100 worth of Lunyr (LUN) a week ago because my daughter is named Luna.  No other reason.

Moments ago it shot up 144%

![Screen Shot 2018-05-13 at 22.28.21.png](https://steemitimages.com/DQmfLuiHRLHNcxUg8LtAjbrd83hZtJkm5D2mw9rQJqQYEkd/Screen%20Shot%202018-05-13%20at%2022.28.21.png)

I sold at the peak with perfect precision and intend to buy back in when it begins stable growth again.

![Screen Shot 2018-05-13 at 22.47.54.png](https://steemitimages.com/DQmZNN4LXVdCnrt1imJxP2KVBUhbL18gEMte3XSYHTmdRpc/Screen%20Shot%202018-05-13%20at%2022.47.54.png)

For those of you new to trading you should know that when coins pumps with this kind of intensity there will always be a big fall back, giving you an opportunity to potentially increase your holdings by at least a further 50% selling at the peak and buying back in with the stable growth.

## Beware the dead cat bounce!
There will be moments on the way down when it appears to be recovering.  Don't get over excited.  It is most likely only temporary.

[![the-dead-cat-bounce-2.png](https://steemitimages.com/DQmeh6cAH3rQiK1vxVanuNXtek8EQa2yTYRqB8LE3YySRVy/the-dead-cat-bounce-2.png)](https://www.2pathways.com/dead-cat-bounce/)

If you're keen to maximise you can use the dead cat bounce on the way down to buy back in and sell over and over but it gets harder to predict the longer it has been since the initial pump.

[![Dead-Cat-Bounce-Down-Trend-Lines-1024x365.png](https://steemitimages.com/DQmdxedijzxh8be3UCpzg4eexJcUGmTTtPrbEprMsb6dmYK/Dead-Cat-Bounce-Down-Trend-Lines-1024x365.png)](https://tradingsim.com/blog/dead-cat-bounce/)

## Why do they call it a dead cat bounce?
No idea.  I feel pretty certain cat's don't bounce, dead or alive!  

The only thing I can tell you is this:

> The earliest use of the phrase dates from 1985 when the Singaporean and Malaysian stock markets bounced back after a hard fall during the recession of that year. [Stack Exchange](https://english.stackexchange.com/questions/245576/from-the-baghdad-bounce-to-the-dead-cat-bounce)

In the half an hour it has taken me to write this post I can see that LUN is already moving into dead cat territory...

![Screen Shot 2018-05-13 at 23.14.35.png](https://steemitimages.com/DQmUCSJ2zyAbzLHYGo4kZgrXBywjR6J3hZpNPiM9oQzRpXE/Screen%20Shot%202018-05-13%20at%2023.14.35.png)

...and if I felt like staying up tonight I would quite enjoy riding those waves.

I am shattered however and it's bedtime!

A big thanks to my daughter Luna for inspiring me to buy this one.  haha :) 

![e&l-31.jpg](https://steemitimages.com/DQmXQLvK2RT5SCxj95cgddD1PrAegGyFXf23UJwZ4YJnNpn/e%26l-31.jpg)

Damn I love crypto!

![Crypto mooning.png](https://steemitimages.com/DQmYcRp21LKSamnsx3PPyYeKw5yYVoFvPsodLjjqcnuHui3/Crypto%20mooning.png)

![gradient banner.png](https://steemitimages.com/DQmXwfq4SPpCVRYhctoCQkBuzeEXzegSeYxG4JcAhXkbiiL/gradient%20banner.png)

## <center>Who is @samstonehill?</center> 
<center>He was a London based filmmaker until he sold everything and set out on a barefoot journey around the world, currently based in the south of France.

He is travelling the world with his partner & two children and with no bank account he has been living on STEEM & crypto for over a year.

https://steemitimages.com/DQmVtdxoWFJY6RrAXq5sCStfAY8vXRK5DDoRFWsWJdM3fST/p.jpg

### All content created for this account is 100% original (unless otherwise stated), produced by @samstonehill who invites you to use & share freely as you wish.

## @samstonehill is the creator of:

@steemshop account where you can buy or sell anything you like using your steemit wallet [SEE MORE](https://steemit.com/news/@samstonehill/steemshop-launches-to-life-with-an-upgraded-system)

@steemmasters which provides [FREE TUTORIALS](https://dtube.video/c/the#!/c/steemmasters), personal training & resteeming services. Website [HERE](https://sammystonehill.wixsite.com/steemmasters)
*Contact me directly on steemit.chat if you want to know more about this*

@steemholidays which encourages resort owners to offer holiday packages in Steem or SBD

@steemtv which aims to provide the best in decentralised films, exclusive to Steemit & DTube

The dailyquotes tag initiative designed to encourage steemians to share their most life changing quotes with the community on a daily basis.

The [Aspiring Steemit Whales & Dolphins group on Facebook](https://www.facebook.com/groups/1281526168558106/) which seeks to help newcomers make the transition from Facebook to Steemit, providing them with detailed notes and personal assistance with their posts... resteeming them when he can.</center>

![Screen Shot 2017-09-03 at 19.44.43.png](https://steemitimages.com/DQmekvbAvJhF4CTdLm5p9HXGqEFQFfFcf9wnjpQkhi8pBAC/Screen%20Shot%202017-09-03%20at%2019.44.43.png)

---

<center>Here is a list of Steemit Witness I have voted for & recommend you do the same:
 @teamsteem @timcliff @jesta @good-karma @someguy123 @blocktrades @pfunk @klye @krnel @blueorgy @ausbitbank @thecryptodrive @ura-soul @pharesim

### Without them our beloved Steemship would not fly.
Learn what this means [HERE](https://steemit.com/witness/@teamsteem/what-are-steem-witnesses-and-why-you-should-support-them) and place your vote [HERE](https://steemit.com/~witnesses)

![sexy banner.png](https://steemitimages.com/DQmUJWvpp44Soygx13UTp4bVJCj6njj4zubk7EbdQZL9hAC/sexy%20banner.png)

<center>https://steemitimages.com/DQmYzdTtjpMpg1nbjpjA7LpvTHVQCgbzgjefWmrPCbjgMDw/sam%20restee%20.gif</center>

<center>All non original photo sources can be found by clicking on the image</center>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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vote details (48)
@andrius1 · (edited)
$0.05
Even thought it is a bounce it is still a dead cat of a potentially dead coin I'd be buying which would make me feel a bit uneasy. Would you not be worried about simple pumps and dumps and do they also have the same pattern?
👍  , ,
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@samstonehill · (edited)
To be fair I have heard someone else talking about this coin and felt pretty sure it wasn't a scam.  Today LUN is sitting at 20% ready for me to buy back in.  My feeling with pump and dumps is that they can happen to any coin and don't necessarily mean a scam.
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@karinxxl ·
$0.04
Luna made you a nice buck there dude :)))

Good to give some explanation on the side for us tradingn00bs :)
👍  
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@samstonehill ·
I am still a n00b myself really... though I know a lot more now than I did a year ago ;)

Three cheers for Luna!
👍  
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@badmusgreene ·
$0.02
Wow that's cool. you should get her something nice to celebrate the Luna windfall :)
👍  
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@samstonehill ·
The steemit savings account for the kids has already begun... and the profit from this little manoeuvre will go towards it :)
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@evernoticethat ·
$0.04
Good to see you made out there Sam. Good case for a new coin: it doubles, sell half and let the rest ride. I hear thats what the rich do with stocks. Pull their dough out. Wash, rinse repeat.
👍  
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@samstonehill ·
That sounds like a solid system and not a bad idea really... thanks :)
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@vibeof100monkeys ·
$0.02
That was a good buy there. Hope I can do something like that one 💯🐒
👍  
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vote details (1)
@samstonehill ·
I have found that the trick is to hold a bunch of coins and do your best to keep an eye on them.  Every week at least one of them gets a pump and the same trick can be used over and over.  The difficulty is being ready at the computer for exactly the right moment and also knowing when the top has been reached!

Today I sold my DCT after a 20% pump but I cannot say for sure yet if I sold at the top...
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@vibeof100monkeys ·
I try but yet timing is the key. Annoying I bought a load of Peer coin ages ago and now it over doubled but I can sell it. I need to get on the proper exchange but don't have time to learn it all 💯🐒
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@stresskiller ·
it's a good thing your daughter doesn't grow that fast :)
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