[ANN] Blacknet BLN | Staking | Future of zApp & ZeFi

Quote from: exposebc on April 16, 2014, 07:01:36 PM

I realize the next part of my post is controversial but please consider it:

We need to Promote volume Not price. Being in the top few in volume will attract new money. With BC's limited supply, new money will get us a gradual rise.

Think of it this way. New crypto investors are looking for low prices. When we hype price there are fewer and fewer new crypto investors for BC!

Volume allows for a good trading market. Traders need volume. Traders bring in new money at WHATEVER price.

Now this is the part that if this community embraces will take BC to BTC parity. OK ready?

We need to thwart the pump.

Lets take a stand:

Please do this, plan to sell a specific portion of your holdings at each swing high / new high. I suggest 1 to 5% at swing highs and 10% at new highs. Then, buy back MORE at each swing low.

Please, look at a chart for a previous meaningful swing high (maybe 10 to 20% higher than the current price) and enter your sell orders now! After you get a fill enter your buy order. Of course if you want to commit new money now (4/16 3pm EST) I suggest 10k - you may never get a fill but you might.

If we do this as a community and are disciplined about it we provide volume to the market AND tamp down each trading range. Every time a trading range collapses into a new equilibrium the pool buying will push us into a new higher trading range.

If we do this a community you will own the first alt coin to reach BTC parity.

I ask: Will we be the first community in crypto to GTFU and self-determine the future of our coin?

++ 1000

Need to requote this, if we are starting to even out again. The general sentiment has been voiced by a few people, and it's one that I completely agree with.

If everyone who stands to make a huge amount of money on the highs were to attempt to fully cash out on the high, they'd never realise their fortune because the market would crash in an instant and the golden goose would ... well ... you complete the sentence

If, on the other hand, we take small chunks at regular intervals, then feed back some gains into the system, we would still realise great gains, at a later point, but in a much less stressful and damaging manner.

This basic plan needs to be considered and adopted by as many of us as possible. There is no point in trying to co-ordinate as a group. Such attempts at manipulation are bound to fail. If a signifcant number of people follow the basic principles then the system will find its own natural balance.