This kind of BS reply can write only the digger himself or someone who uses the same tactics. What s the problem in selling slowly? He d make more money and the rest of the CLAM community would make more money. The only ones who would pay more are new CLAM entrants and event them would make money from staking a highly valueble coin.
While I don't think the tone of DrkLvr_'s reply was helpful, I think I see things the same way as him.
If the digger makes more money, the rest of us make less. There's no way for everyone to make more.
You talked about how when you are a "top 10" holder of a coin and want out, you sell it slowly so that you get a better price for it. That means you make more than if you would by dumping it quickly, but the buyers *pay* more than they would if you had dumped it quickly. That's good for Ivan, and bad for everyone else.
Somebody selling 500k CLAMs into an 800k market is always going to depress the price. Selling them cheap is better for *us* than selling them expensive.
If you're looking for someone to "blame", I think you need to look at the developers who came up with the initial distribution method. They're the ones who (probably unknowingly) gave 500k CLAMs to a single person. In retrospect, rewarding people with CLAMs for filling the BTC blockchain with unspent outputs wasn't the best idea. The rest was pretty much inevitable from that point. Each market participant acts in their own perceived best interest.
I agree with the second part of your post, the dev team should have thought this better but also I should ve thought this better when joining CLAM. Also, I went out when the price started falling so I dont hold much ATM and this is not the primary reason why I write this. So again, I do not blame anyone and I m not angy, just disappointed.
About the first part of your post, getting 500k at cheaper price s always good, in case you have market to stake and sell them back. My point is, with such a huge amount being dumped, CLAM s not going to have extremely hard time recovering, if ever. So, if an average holder need to wait for 5 years to sell his CLAM in order to make money from buying CLAM cheap, this is not gonna work.
You already have this in practice. The digger has removed most of his huge sale orders and we have only 30k on Polo but the price still goes down. Why? Cause people know what s going to happen.
Killing the dig is the only option I can think of for CLAM to survive. If I am mistaken and there s something wrong with my logic, pls show me where I am wrong. I am an easy guy to talk to.
