WAVES. Ultimate crypto-tokens blockchain platform. - page 1816.

BTC-BTC-BTC

legendary

Activity: 1582

Merit: 1001

www.neutroncoin.com

Quote from: Soul_eater_123 on May 12, 2016, 06:28:07 PM

Quote from: Vlegale on May 12, 2016, 06:22:45 PM

Quote from: jokumat on May 12, 2016, 04:03:01 PM

And defending the ico price with buywalls is unreasonable anyway. Let the price move. Better put the money into developement

+1
Price should go up and down , the best for a trading.

I agree too. Buy walls serve no purpose except delaying the inevitable. They also give the wrong kind of message. Even if the price does fall, with proper development and use of funds the price will inevitably rise in time. If people are stupid enough to panic sell at a loss early on then that is better for distribution and the long term solidity of waves. This is a big project in 2016. Buy walls belong with the scams and shitcoins from 2014.

I agree. +1

Soul_eater_123

legendary

Activity: 952

Merit: 1000

Quote from: Vlegale on May 12, 2016, 06:22:45 PM

Quote from: jokumat on May 12, 2016, 04:03:01 PM

And defending the ico price with buywalls is unreasonable anyway. Let the price move. Better put the money into developement

+1
Price should go up and down , the best for a trading.

I agree too. Buy walls serve no purpose except delaying the inevitable. They also give the wrong kind of message. Even if the price does fall, with proper development and use of funds the price will inevitably rise in time. If people are stupid enough to panic sell at a loss early on then that is better for distribution and the long term solidity of waves. This is a big project in 2016. Buy walls belong with the scams and shitcoins from 2014.

Vlegale

sr. member

Activity: 450

Merit: 251

Quote from: jokumat on May 12, 2016, 04:03:01 PM

And defending the ico price with buywalls is unreasonable anyway. Let the price move. Better put the money into developement

+1
Price should go up and down , the best for a trading.

mxxxxxx

legendary

Activity: 2310

Merit: 1000

Quote from: Warren.Buffet on May 12, 2016, 04:08:10 PM

what are the consequences of not swapping NXT based assets over to waves? What is the significance of 1st May too? I'm a bit confused as to what I need to do with my coinomat & coinomat1 assets

You can swap assets that you had before the May, 1.

Final day to make swaps is May, 15.

Assets will continue as earlier just with lower supply and next they will migrate to Waves blockchain https://nxtforum.org/cryptoasset-fund-projects/coinomat-assets/

Warren.Buffet

full member

Activity: 130

Merit: 100

what are the consequences of not swapping NXT based assets over to waves? What is the significance of 1st May too? I'm a bit confused as to what I need to do with my coinomat & coinomat1 assets

110110101

legendary

Activity: 1382

Merit: 1002

Quote from: iambitcoin5 on May 12, 2016, 03:42:48 PM

Quote from: 110110101 on May 12, 2016, 03:18:40 PM

Quote from: BigKush on May 12, 2016, 02:50:28 PM

Quote from: uki on May 12, 2016, 02:23:49 PM

Quote from: KarlKarlsson_ on May 12, 2016, 01:53:34 PM

Quote from: uki on May 12, 2016, 01:44:39 PM

Quote from: werneo on May 11, 2016, 07:11:03 PM

Quote from: uki on May 11, 2016, 12:06:57 PM

the question is what happens if WAVE hits the markets at 50% of the ICO price.

Exactly. As I watch my proportion of waves shrink every day, I imagine more and more fomo investors climbing on board the gravy train. This ICO is lasting too long. How impatient will the investors be when trading finally starts? Then people will realize: waves is vaporware and won't be mass marketable for years.

These are also my concerns. I don't want to spread FUD, quite to the contrary. I simply ask this question loud, trying to ignite a discussion what the others think about such scenario. I know there will be fan boys coming at me en masse, screaming that this is not possible, but I accept to pay this price.

Counter question: Give me an explanation to why this should/could happen?

For me it wouldn't matter at all. I am in because of the long-term potential of the project. If the price rises in the short-term it's nice, if not I will start buying low Wink

Easy. People who acquired many coins and want to get more would push the price down to create panic selling in order to get more coins at cheaper prices. Many ICOs have seen that.

What's the point for people who acquired many coins to push the price down (read- to reduce his wealth) and risking that the price will not recover and he will loose everything?

Sure, that's the risk in short selling. But the big dumper hopes to create a panic sell. The big whale starts with 100 tokens, dumps them, hopes others will follow, and buys back cheaper coins and has a new total of 125 tokens. If the price picks up again, well the whale just made a 25% bonus. It happens all the time on the big exchanges. There is no guarantee of the price going up or that others will start selling, so that is the risk involved with this kind of shorting.

Wouldn't the whale dump way more than that? Like 10k tokens to cause a panic sell?

Yes of course, maybe even more like 100K waves, possibly multiple times to really create a havoc. I used small numbers just to try and explain the point in short sellng, that's all. You are right that 100 token units wouldn't make any difference what so ever.

jokumat

sr. member

Activity: 249

Merit: 250

And defending the ico price with buywalls is unreasonable anyway. Let the price move. Better put the money into developement

jokumat

sr. member

Activity: 249

Merit: 250

Quote from: mxxxxxx on May 12, 2016, 02:39:25 AM

Quote from: 110110101 on May 12, 2016, 02:32:38 AM

Quote from: mxxxxxx on May 12, 2016, 02:06:47 AM

Quote from: 110110101 on May 12, 2016, 01:45:07 AM

Quote from: mxxxxxx on May 12, 2016, 01:35:51 AM

Quote from: BigKush on May 12, 2016, 01:14:49 AM

Quote from: Soul_eater_123 on May 11, 2016, 05:35:14 PM

Quote from: BigKush on May 11, 2016, 03:18:53 PM

there was a rumor that developers gonna place a buying wall at the very start of trading waves. How big'll be this wall? And how long will it exist (one day? one week? month?) If they will see that there is not enough buying power, will they dismiss it?

Was the rumour by any chance started by you? Stop spreading bullshit. If you have don't have the balls to buy into the ICO don't buy it. Otherwise grow up and don't expect the world to catch you if you screw up.

Actually, I've spent nearly 31 btc and now got ~ 300k waves, so I'm not sure what are you talking about balls etc. You better to check Russian thread where Sasha35625 is saying that there will be a buying wall.

here is the quote:

Quote from: sasha35625 on May 10, 2016, 05:24:30 AM

Quote from: RealRimlin on May 10, 2016, 03:57:50 AM

Quote from: KoshaKosha on May 09, 2016, 08:40:21 PM

Пoдoждитe, a paзвe нe oбeщaли чacть coбpaнныx миллиoнoв пoтpaтить нa мoгyчyю бaй cтeнy? Пo цeнe нe мeньшe пpeдпpoдaжнoй?

Гдe былa тaкaя инфa?

бyдeт cтeнa, дa.

Translation:

-wait a second wasn't there a mighty buying wall? with the price not less than the ico price?
- Where the information was submitted?
- sasha: The wall will be placed,yes

If there is need for this ICO funds will be used to maintain buy walls.

Hmm OK, but what is to prevent the Waves funds from depleting, should everyone and their dog get cold feet and want to sell/withdraw the instant wave tokens are available on an exchange? We all remember the clusterfuck Paycoin that went out with a 20$ floor, but that lasted only a short while while everyone threw their coins at it.

If people want to sell instantly they will do it this way or another. If there is a need buy walls will appear, about what floor you are talking about lol ? If we think buy walls are needed at some point we will just add them. There is no specific amount or anything else planned for this as of now. We are still pretty much in ICO phase for 20 days more with unknown price and uknown final BTC amount.

I was picturing the same scenario as when Paycoin launched, Garza et al. tried to establish a floor price and raised a larger buy wall once the coins where released on an exchange. The "plan" failed and the value for each coin plummeted as there was no buy support. I hope that we are not trying to achieve the same here? Buy walls are great but they need to be used wisely. I am fully confident in how the project has been run and maintained up to now, so I have no doubts that if any walls are considered and needed that they will be setup to help Waves in the best of ways.

Yes exactly, if any buy walls appear they will be setup to help Waves in the best of ways.

Setting buy walls from ICO money is unethical as it is identical to a larger premine. The devs are getting free stake paying with other people's money.

iambitcoin5

hero member

Activity: 532

Merit: 500