https://bitfunder.com/asset/ActiveMiningAs I said, it happening already. As soon as AM shares are in peoples hands - they will sell and undercut the 2mil+ wall of shares at .0025
Now, the price will simply start drifting down as people cut in front of each other to sell ... boom, price will be the same as AMC.
Price will never increase so long as the wall is there.
So people hoping to buy AMC shares now, and convert to AM for a profit - will fail. The price on both AMC and AM will be the same. So no point in trying to buy AMC cheap, and profit on AM - price points will be the same
I agree your points are valid, but you may be underestimating the impact of a perceived value increase in AM regarding the increased ownership in VMC and all dividends up to 0.0025. So, we may just see a fair slice come out of the wall as
new investors join up with Active Miner.
Personally, I am holding long.
Yes, unfortunately this works just like a panic situation where people crush each other just to get out of somewhere, while if they did it more or less orderly everyone would escape.
On this case, the more shares from the wall are sold, the more valuable is the company as a whole and more each share is worth, so the undercutters deprive everyone of that bonus until all their shares are sold, even if they are pricing them just one satoshi less.
This is why on a properly implemented exchange there are both a
primary and
secondary markets. Having only a secondary market is a mess. A primary market means there is always a way to buy shares from the issuer itself.
So many complains about existing exchanges but this one
major flaw gets overlooked a lot. The only exchange that has this properly implemented is Havelock.
Seems like there is nothing to trade anymore in BtcTc right now, but a chance to sell or buy for the swap?
