I sold 1 CBX at 0.006 and 1 CBX at 0.005, it was all I had on yobit at the time. I also sold 200 at around 0.0014 and 200 at 0.0008 on cryptopia during the aftermath, which I bought from the wall at 0.0006 the day before.
Ideally I know I should take another chunk out of the wall (which has since re-re-returned), but money is tight atm and bitcoin is up, so proceeds have gone towards some shiny new silver Britannias.
I used
www.bitgild.com btw for the Britannias, to whoever it was recently asking about buying silver in the UK. Based I think in the Netherlands, they accept bitcoin and I found the price to be excellent. I shall use the service again when CBX gets back above 0.001 where it belongs.
Trading CBX and taking advantage of arbitrage opportunities provides liquidity to our coin, so it is not a bad thing.
My opinion though, you will make much more money if you buy CBX, and hold: we all saw the massive effect a little 3 BTC input did to CBX's market. Market went ballistic, new CBX adopters appeared suddenly. If the low hanging CBX currently for sale disappears, the price can multiply by 10 its current value:
you will never get such returns by trading, and might get caught with no more cheap CBX available to buy, after a strong rally.
I know for myself, I am not selling my CBX for a low price anytime soon; we went all the way to 30$ per CBX that day...
I don’t think for a second that (all one million) CBX were worth $30 each the other day. Low-volume coins – ‘illiquid’ is the correct term -- gryrate wildly in response to purchases of a fraction of a percent of the extant units of the currency.
No trading? Then you position yourself thus:
2.0s: (a) have immense technological potential, but (b) also have ‘currency function,’ and (c) high-volume, which makes them attractive to merchants (currency function!).
1.0’s-of-the-just-HODL-and-don’t-trade-and-the-price-will-skyrocket type: (a) illiquid, therefore (b) uninteresting to merchants (no currency function), and (c) no technological potential.
I call for a frank theoretical appraisal of our situation.
CBX is a cryptographic currency*, and it therefore requires ardent development of its merchant network.
The cryptosphere is already littered with the hulks of illiquid cryptos whose communities chose the path of waiting for the big investor, and the now-obvious-game-changing potential of the 2.0s, and the forthcoming government and corporate-backed cryptos, have made quiescence a formula for failure.
*and 'commodity' is a fine description of the currency for marketing purposes.
