Small and mid cappers:
In order to survive in this beginning-user driven environment we will have to band together and start a hedge fund with experienced real traders at the helm. Otherwise, we will be at the sheer mercy of the big holders who can cash out and buy at any time and move the market while we helplessly stand by and watch.
We are starting a fund that invests in new BitCoin startups as well as the currency itself. We need a five person team. Two traders, a manager (withdraws and transfers requested funds), a strategist, and an entrepreneur in residence. We need BTC commitments as well. To do that we need CVs from management team leaders.
We are interviewing now.
PM me. We need good, honest people. We will not be victims.
I hate to say, this is delusional.
* Even with an experienced trader at the helm (which you could not pay to start with - ever seen what raders earn?) you would STTILL be at the sheer mercy of the big holders who can cash out and buy at any time and move the market while you helplessly stand by and watch.
Or do you want to put some millions into an emergency stabilisation fund that are at mtgox waiting for some big sell roders to come through? Plus at the other side - I know a LOT of people who could move th market up up up JUST by their monthly income. This simply is a small immature market with very little liquidity. As can be seen in nearly no BTC based startups per definition - and no, a sop accepting BTC is not BTC startup
Your 5 people are either amateurs, or cost you millions a year.
There is nothing you can do - there are some realyl righ BTC people aroun from the start that accumulated and they will cash out. Jumps WILL happen at this point, you will NOT control them or make them easier. The hope is that an economy starts and slowly they get better... in 2-3 years. For that, we just have to wait. The hugh accumulations must diitribute, more people start using coins are currency. The value get up per coin by a factor of 100 or more.