Topic: [UNO] Unobtanium Info & Discussion - Hardfork block 1042000 - Merge Mine w/BTC! - page 461. (Read 1047042 times)

Unfortunately, UNO is a small market.  We may have quite a lot of dedicated long-term buy-and-hodl'ers, but temporally, there are holes in time when market liquidity is weak.  Actually these holes can be pretty wide.

We recently saw a lot of price action, so what follows?  If the resolute among us spend 0.1BTC/week on UNO, and we have a crazy several weeks where everyone buys basketfuls with both hands, then who has budget left once there's a potato fight?  That's temporary low liquidity, and it lasts as long as periodic budgets are empty and overlain by inexperienced traders panic selling.  (The vampires are already empty and hungry by this time in the cycle, already.)

I know the life of the vampire.  Stumbled upon it, really.  (They must love what they destroy, and destroy the thing they love.)  I've already fully explained my whole history with UNO in this tome, so this is nothing new, but I used to dump UNO by the hundreds or even thousands when it was up hyperbolically.  (Hey, even FallingKnife played this way when Woolong attacked a year ago.  Afterall, reducing volatility is part of the role of true traders, and that was just getting silly back then; we like stability, here.)  After the craziness, in my ignorance, I would still dump hundreds when it was clear the support wasn't sufficient, and I had to pay rent.  (DON'T BUY UNO WITH FUNDS YOU WILL NEED TO SPEND IN THE SHORT-TERM 1-3 MONTHS!)

I totally agree that 1600 $USD isn't much, but this market is so small and affected by that, it conducts witchhunts to figure out who's dropping the price so much!

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How do you play the role of 'speculator' responsibly?

Speculators' noble role is to 1. Reduce market volatility, and 2. Provide essential market liquidity.  Anyone who manages to execute a trade is the most noble of creatures, because they have provided the best price for their counterparty than anyone else on the market at that time!

I'm not too worried about the buy (not so much 'pump'), bullish side of trading cycles with Unobtanium, as there are plenty of large long-term hodlers who IMHO have plenty already.  Wide distribution is another characteristic we want to foster in UNO, so instead of keeping UNO depressed below 0.009 for the next 5 years, like some people really want, it is much healthier for UNO to raise the floor in a very long-term rising channel, inviting new participants into the market, showing stability and bullish progression, and enticing miners.  There is more benefit to everyone, including the older whales, with this healthier approach, and it really fosters much-wider adoption.

It's the sell phase ('dumps') of trading cycles that upsets people the most, these tough bear markets cryptos and physical commodities have in common.  How do you mitigate this phase?

If you have to sell for any reason, including profit-taking as a speculator, it would be best to encourage you to:

1.  Sell in small pieces.  Not even whole 1.0 UNO pieces, but hundreds of pieces.  Trade in {0.75/0.5/0.25, etc.,} -fractions.  This will be the natural trend in the future, anyway, and it's a good omen to see this in the markets.  Yes, it takes a tiny bit more effort to place all of the orders, but if enough try this, you will discover that this will raise the overall price of UNO, and this method may even trick you into selling less.  Afterall, when the price is higher, you don't need to sell as much to obtain the same amount of fiat/BTC/other.  

2.  Use the Ask; leave your small orders in the Ask.  Sure, it's frustrating in a bull market to see a big sell order up there in the Asks, but this can't be avoided, so you might as well learn to thrive in this environment, regardless of it.  Using the Ask, you avoid 'dumping' almost entirely, (unless your Ask order is unfortunately too large,) and YOU GET MORE VALUE than if you sell into the Bids.

3.  If you have to sell into the Bids for any reason, or by unfortunate preference, then sell into strength.  Let's say you have to sell 50 UNO because, in your ignorance, you mistakenly think some newcoinoftheweek scam is a good deal.  You shouldn't sell all 50 UNO in one foul swoop into the Bid stack, chopping off the top 10 orders and dropping the price in a poor-liquidity UNO 1-month bear market by 10% with your potato cannon!  No, wait for that 10-UNO buy order to get placed on top of the Bid stack, and sell 5 UNO.  Wait an hour, and do it, again.  Visit 10x, and you will have preserved the fair market value of Unobtanium.  YOU WILL GET MORE FUNDS FOR THIS.  Why not use good form?

4.  Have sufficient countertrades {BTC/fiat/DOGE/LTC/Silver, Gold, etc.} to support the Bid side of the market.  This community and Unobtanium is strong and as stable as it is (look at the 7-month graph!!) because we are hodlers of a market basket of strong assets.  That's the type of long-term investor Unobtanium attracts.  

5.  Be a long-term investor, and stop thinking in terms of exploitation, speculation, etc.

6.  Use the developing Un-Ex facilities.

7.  Encourage new market participation.

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https://www.youtube.com/watch?v=5i_0PkOqLKA

-Sting, Moon Over Bourbon Street

hehe

green candle 

The community should in no way advocate for dumping the coin!! (why would someone 'dump' Uno?)
Putting up some supply on the market in events of fast price increase to cool market a little is a different thing.
Dumping on price corrections to the upside is counterproductive and just causes volatility and bad sentiment.

If a pumpgroup walks in the market, fine. Let them. Sell them coins for a high price and when they dump, buy them back cheaper. This way you get less volatility and better sentiment. But dumping yourself should not be advocated by the community! Selling high and buying low is fine, but 'dumping' isn't. 

#justsayin' 

Exactly.
Sell resistance works as well and feeds the hungry people with more coins.
We need to drive the marketcap eventually to the moon and dumping is indeed negative for the whole community as it surpresses the price. Sell resistance on the other hand is excellent for the community (including the seller - he gets better price when his wall is taken eventually - the difference might be as much as dozens of percents!!!).

On the other hand - once (s)he has dumped his/her coins, then it is pretty much game over and we are ready for extreme highs. This is the reason I love UNO. It is such a small coin that it is after all easy to take to billions once the good guys get enough coins on their stashes.
Remember, each coin in cold wallet is less coins for dumpsters to dump on the markets.

short comment:

you guys/ the community shouldn't advocate for 'dumping on pumps' - instead it would be a good idea to advocate for 'increase sellresistance on pumps'

What's the dumping about? Dumping just causes a low price and volatility.
Why would you dump at no sellresistance (like last time)? Is a high price too much for you to handle?
If you think it's a pump, just put up a sellwall instead of dumping on people.
With dumping on your own progress and first signs of higher volume you're not going to get anywhere.

No sellresistance = easy priceincrease
More sellresistance = less fast priceincrease
Dumps = negative feedbackloops and a drop in price

So the community really shouldn't advocate for dumps on pumps but instead for increased sellresistance on pumps imo. We're wanting to move forward, don't we? With dumping on every price increase we're not going to get anywhere.

Not having supply on the market means price will rise, but then dumping on that is a shitty game. Better put some supply on the market with next priceincrease to prevent rollercoasters. Dumping just creates rollercoasters.

@ you guys talking about Wolong's book, did you all happen to read "The Story of Bob Surplus"??

https://bitcointalksearch.org/topic/the-story-of-bob-surplus-896480

An extremely well written account of a foot soldier in a well-known crypto PnD group.  This was fresh in my head during last week, thankfully, so I sold off a modest chunk of UNO all the while hearing Bob's words in my head "Did you sell a little today?  Come on, man, don't be greedy.  What, 250-300% isn't good enough for you?"

not that I'm a pump and dumper, mind you, but the past year in this world (UNO) has fashioned me into a bit of a trader.  I think the best way with this coin is to walk in the middle between altruistic and selfish.  I'm in it for the long haul, but when the price more than doubles in a few days and euphoria is rampant on the forums with people talking about $100,000 kilos, that a pretty good tip-off that you should be selling, not buying.

I'm already back to where I was in my UNO stash, btw, but now i have some gold too  

So, I have try to install the wallet on my mac-book and same thing happened.
I will try on another windows system, later today.

Yes, I am trying on a different computer now.

Do we have a bootstrap online?

Try it with a different computer

Thank you, cragv for all the step by step instruction, I believe that I did follow all the steps you gave me and honestly, I have done these steps 1-6 more than 3 times.

I have my wallet on and waiting for active connections to network since yesterday before I go to bed, but I still wake up with "no block source available... 80 weeks behind".

I also restore my old wallet.dat but it is just would not sync. The problem I have right now, is that I have some transactions coming in to this wallet address, but since it is not syncing, I cannot do anything with the coins I current have, and the incoming coins.

I really cannot figured out what I have done wrong, the wallet just stop syncing suddenly 3 days ago...

lmfao hahaha

no UN on BTER
damn shame looks like BTER is toast would like to have had access to China market
(don't like btc38 personally)

AUD$33k / USD$23.5k
Coretanium the bar has been set!

in market cap I think this gang of Merry Pranksters can achieve $2M
at turtle pace

From there we can hold the line and re-think the next leap

On the BTER dump theory, I'm fairly certain $UNO was not listed on there... Just wish whoever stole the BTC had bought $UNO with it!

Pumps are magical beasts, they work in conjunction with propaganda. People make statements like, i am investing a quarter mil into a coin, wishful souls latch onto any news of monetization about their coin, you see an effect.

It works so well too, you let the news do the work of raising the market. You make some purchases to get the snowball rolling. Place a wall down where you WANT to purchase at and then crash the market, followed by a big purchase to make it appear as if there is a lot of interest in the coin and get people to buy it even more. I.e buying up the market from .018 to .022, the market was so thin it was only a handful of btc to achieve. Then you begin exodus. You sell off, but a wall lower and wait for the panic dumps. You then collect those, wait for the coin saviors to come in and toss the surplus they have, dump into that with your new found shakeout coins, rinse and repeat. No real issues, such is the game of crypto, but it is my astute observation that something like that most likely took place recently.

The best news is that due to the supply of Uno, even when that shit happens and people look to rape the community, the coin tends to rebound well. All things considered, it seems like above .01 is holding strong, rightfully so.

Seems likely it was actually the experienced and disciplined trader, Wolong himself. I've tried a bunch of searches this past 10 minutes from different angles and the info in the god.pdf doc is consistently the oldest at the Feb 2013 source file. Seems likely it was him. Thoughts?


Well, the volume in Wolong's P&D was 136k UNO while last week's P&D was 11.3k UNO. At current prices, those two spikes in trade volume were 1400 BTC and 120 BTC respectively. There's been a lot of dissemination since Wolong's P&D, obviously, but I quote it to illustrate the concentrated nature of organised P&D amongst whales (kinda guessing my way here, of course).

Bottom line, it probably wouldn't hurt to have 100+ BTC available. That's roughly the equivalent of AUD$33k and USD$23.5k at time of this post.

That said, every BTC counts! The 'strong hands' of hodlers of UNO will certainly help keep the volume of future P&Ds at increasingly smaller sizes, so the above overwhelming numbers will get decreasingly scary I suppose. My 0.00000002 UNO anyway - there are others here more knowledgeable who may weigh in with actual fact and logic

Thanks, C.V. Will look again at dawn. Was thinkin' akerdemikerly: who wrote the document?

and Core-tanium: so, can we make a guess about how 'Bitcoin anti-dump ammo' we'd need in the armoury at any time in the future to absolutely literally stop almost any price-manipulation in its tracks?

Who says that? Can you see the future?  

IMZ, are you literally saying to copy and paste the first paragraph of Wolong's 'GOD' into Google? If so, this is the link for that search. The results you see are websites that have archived or reposted/copied the document verbatim, followed by less-relevant searches near the bottom of the first page that are about similar subjects with similar language, but are not simple copies. The content of the search results are largely just meaningless drivel if you have the original copy of the PDF file.

Is this what you mean? I feel like I'm telling you to suck eggs here but am not otherwise sure of the meaning of your question...

Yes restore it from your backup.