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?
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?
I can participate but don't we need a kind of signal (for the ones that aren't on the xchange). A Tweet might be a good idea? And what xchange do we use Cryptsy or Mintpal?
Well I was thinking if there is enough interest I might start a thread just to discuss swing highs and lows to take stands. Really just to crowdsource the current major, mid and minor range - keeps everyoneone from having to stare at the market 24/7.
Don't want to create our own gang or whaleage so nothing secret.
We're not interested in trying to get the community to act in absolute unison just to work together to thwart the pump and accumulate more coins for the hardcore.
+100000
This would be effective beyond belief if we could get it up and running, whales will destroy every single coin they want, we need to reduce the effect they have or history will keep repeating itself making it impossible to get this coin where we want it
