Ok, sorry calling you a troll.
Like someone said above crypto investors are so nervous that the slightest thing scares them away like rabbits. It isn't normal. Any thing even close to FUD makes them dump like a scared bunny dumping a turd when it is escaping a dog or something. Noobs especially don't read anything, they don't analyze, they just react and mash the "sell" button like retards. And when a bunch of noobs react whales get in on it to knock down the price and further scare the weak hands so that they can accumulate. For smart investors this a chance to build a postion but if the dump goes too far it can mess up a coin. I think this is what happened to XC and Cinni, reasonably more-or-less non-scammy coins that just got nuked by FUD and never really recovered.
And here they come:
Won't this selling of large amounts of VOOT to raise BTC be killing the price? No wonder it's won't go up. I think this is a flawed way of doing things.
Agreed. It causes big dumps because they want to get the btc fast.
Yet to do this right, you need to code a bot that would sell off small amounts at a time of the rise and buy back small amounts when the prices are lower.
Once funds are gathered, you really need to rethink this strategy for further developments.
Selling off VOOT over the forum not to affect the prices on the automated exchanges might help (hoping that the buyers are in for the long haul)
If you check my previous posts on this thread, you will see that I am not trolling and am invested in voot as much as anyone else on here.
Soul Eater just raised a valid point, which I agree with to a point.
If you want voot converted to btc do it off the main exchanges OR do it in lesser quantities. simple.
I am not trying to scare anyone off, but this sort of behaviour from the devs is considered dumping the premine on new coins.
now I know this one isnt new, but the behaviour is similar.
I know the money gathered is going to be spent for vootmarket. a development that was recently delayed, right after selling off 700k at a decent price.
Again - not trolling, just putting this thought out there, since there are no guarantees that voot market will actually be delivered at all.
All trust is in MsCollec, who I do respect, being a senior here and an oldie, he is a really stand up guy.
just my 2 c