My Mastercoin friends,
Given all the competition we've seen in this field lately, I no longer feel I can afford to wait for a sky-high price I like before selling some Mastercoins and jumping into the fray full-time. (As you all know, I've never sold a single one of my own Mastercoins, and I've been persistently disdainful of the market price so far).
I had a meeting with my tax advisor, and I'm going to have a HUGE tax bill due in April, so even if I wanted to wait longer, I cannot. So, I'm going to commence selling small amounts on the exchanges and see how it goes. Over the next few days, I will be placing small sell orders above the market price on various exchanges. I'm not in a hurry, and you won't see me dumping a lot of coins onto the bids or anything like that.
IF YOU WOULD LIKE TO PURCHASE A LARGE CHUNK OF MASTERCOINS WITHOUT MOVING THE MARKET, THIS IS YOUR CHANCE. Please PM me if you would like to get a large chunk of MSC around current market prices. For very large purchases (100 BTC+), I may consider selling slightly below market if you can convince me you are making a long-term investment. Several of you have reached out to me in the past asking to make large purchases of this sort, and I told you I wasn't selling. Now I am.
Please don't PM me about small orders (< 5 BTC). You can easily buy those quantities on the exchanges if you like.
I hope to sell 3-6% of my total MSC holdings (5000-10000 MSC). If there is a big buyer right now, I may do it sooner, otherwise it may be later in the year. If I haven't sold them by August 1st 2014, I'll sell more aggressively, as I will have held them for a year and I'll only have to pay long-term capital gain taxes.
I believe very strongly in Mastercoin, but something like 99% of my personal net worth is currently in Mastercoin, and Ron has convinced me that I have to do SOME diversification, especially since that will allow me to quit my dayjob and throw myself headlong down this rabbit hole
Thanks!
-J.R.
Also posted this on reddit:
http://www.reddit.com/r/mastercoin/comments/1uo0ft/buy_mastercoins_directly_from_jr_founder_of/edit:Hey guys,
Rather than post updates here, I've decided to keep a public document with my current prices:
https://docs.google.com/document/d/1eYI_R8leBvV5-UhsTuDi3WqhpMAxiTRvTw8e2m2jpKY/edit?usp=sharingCheck that document out if you are looking to buy a large block of MSC without moving the market.
Thanks!