...TRIM
First off, the term "doubtful" is not necessarily a negative. Much less when plans are at the "conversation stage". But this is like trying to talk objectively about their kid's deeds with their parents, an exercise in waste of time. It's your kid (bomb), I get it. It not only won't do anything good for pinkcoin, it will be, as stated, highly counterproductive. Irreconcilable opinions. End of story.
As for the algo, how can it take it into consideration a volume that doesn't exist, since the only volume would be the one it creates? THAT's how low the volume of trading in PC is. So any trading performed by the "system" would necessarily be dumping on the bots and the minimal bids available. And it could be a big dumping, depending of the amounts purchased, so the effects for the price would be absolutely devastating. The individual, on the other hand, can choose to hold until there's a burst of bids or, with patience, unload little by little, thus achieving better price and not creating a big dump on the market.
I know you would defend your algo and your "system", of course. You cannot even conceive the possibility of a better alternative and that, no matter how you choose to dress it, is VERY NEGATIVE, my friend. Just like negating the reality is.
But, like I said, in the end it is your child and he will perform at the party the solo tenor. Good luck with that.
Edit to add: And, by the way, you still have not responded to how the algo would have traded the PC during the instance of the past 2 weeks, when price has halved, and instance that obviously, in your always positive thinking will never happen but it not only has but it is guaranteed to happen, in more or less measure, many times in the future. I guess it is somewhat difficult to explain and we will have to take it as "the algo would do the best that can be done", whatever that could mean in practical terms and real life example, right?
Barrabas, I did somewhat miss your arguments and challenges while you were on vacation.
If you feel I have been "defensive" or not on the same page, it is simply because I don't see any validation or your point of view in your arguments. That is all.
I am open to both criticism and suggestions. Instead, all you seem to be doing is telling me everything that is wrong in your opinion. For this to be a "conversation" to better the system, questions need to be asked, rather than some statements and opinions.
As for how an algorithm can successfully trade, in both low volume and a decline is simple. It just has to average down. I have played many coins, and many markets, and have yet to sell for a substantial by simply buying and selling the whole way down lowering my buy average. This is completely attainable on a coni like Pinkcoin, because, though it will decline, it will never die. So I know that we can
always expect it to come back up.
If you would have been playing our current scenario all the way down, where you once were in the profit by 80, you could now be in the profit by 70 or lower. So when the incline begins again, you are in a much better position than you were before the decline. This is a perfect scenario where my "only positive" reality can take something negative like a decline, and flip it around.
Ok, let's clarify first that I have been stating my opinion and that is utterly and completely opposed to yours on every aspect of the PwP. So, as I have stated several times already, your kid will sing the solo tenor and my opinion will just remain here. End of that part of the conversation.
Now, the "averaging down" by a "system" has to be programmed. Perhaps when you have spent in the financial world the amount of years I have, you will understand what is normally called "throwing money after bad money" which is applied to what many people perceive as "averaging down". First of all, money is not an infinite supply, otherwise it would be quite easy by simply doubling down. Second, you have to program a "system" to "average down", every 5 points? 10 points? 25 points? doubling down? tripling? See? those things can be done by an individual, on gut feeling or resources or both. When it is an algo, you will find that after a dump like the one PC has just experienced, you run out of money when it went from 105 to 80. What then? I'm sure you get my point clearly. What will support the PwP when there are no resources in the bank? another petition to the community, rather urgent? what if the community doesn't respond? what would that do to the image of PC?
And I am as confident as you are... on the opposite direction -experience is called that figure- that not only scenarios in which the price will be halved will present themselves again in the future but that they could potentially be much worse than just halving. Not a single coin in crypto has not experienced such volatility... including BTC which, as you surely know, remains at barely above half what it once was.
So your "pink" thinking is duly noted and appreciated, but at the expense of reality and reiterated facts of crypto, we will not progress but maintain pipe dreams destined to fail instead.
In short: "Averaging down", does not work always -as a matter of fact it rarely does. Regardless of your level of faith or "pinkness", PC WILL indeed go up and down with as much volatility -and sometimes more- than any other GOOD digital currency.
Perhaps you should take those circumstances into consideration before sending your kid to do the solo tenor.
I hope you are not missing me anymore because, as long as I am invested in PC -and I am more than I ever wanted to be-, you will have me here calling a spade a spade.
Oh and let me add also that, likewise, I don't see any validation whatsoever in your argument. Hence why we are in completely opposite sides on the issue.
