Captain Americ@
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Activity: 30
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November 02, 2018, 11:37:41 AM |
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Hi guys, sorry if much of this is patronising to some, I just think it needs to be said. There are a lot of people involved that need to increase their understanding, for their own benefit as well as everyone else's. And listen to me or dont, it's your choice. I'm just a know-nothing nobody.
To the community - the coin needs trading and a decent trading volume to attract open market traders and new investment. I know people have bought with long term value in mind, however of we all just sit on coins that long term value is unlikely to materialise. They need to be turned over.
Key: Identify a price range within which you would honestly happily buy the coin yourself based on current market prices and the immediate outlook for the coin - you then place your buy orders at the bottom half of the range and your sell orders at the top half of your range. And be honest with yourself here. Peoples' differing perspectives on what this range should be will naturally create a market and profitable opportunities for new traders and for those of you already in the market. Once there is volume, as well as the volume figures themselves, any small price spike will bring the coin to the attention of traders who are looking for profitable opportunities. Profit being available for traders does not necessarily mean a loss for someone else in this game! All we need is new players and constant trading and the only way is up. It is self perpetuating.
What ruins a market is too much profit taking, and there will always be some that intend to take as much as possible, but as a community we can defend against that if we trade responsibly, by selling at prices we would happily buy at ourselves. Any over sells or over buys will then naturally correct themselves, as the huge sells did before when the price was inflated. Those sells were part of price discovery, which hasn't finished still, as there were insufficient buyers to pick up the pieces - the collapse was actually caused by the rapid price increase, same as btc, but that doesn't mean it's all over, just a moment in time, a blip, and perfectly normal.
Buying at a couple hundred sats and then placing sell orders at 10000 sats+ does not add value. By all means place some sat that level, and in between, but if you want the price to reach up there and beyond it needs to be traded up steadily from the lower levels... it needs foundation. Huge price spikes are not always sustainable as we saw before when it just meant there was little option but for people to sell into the extreme price rise because it is difficult to refuse such a large return on investment with so many unknowns. Those of us with no inside info would in fact be stupid not to sell when staring at such a high roi.
You do not necessarily need to reduce your overall holdings of Bitcloud in order to achieve this, although there is nothing wrong with this slowly occurring if it's value increases, user base increases, and therefore your overall investment measured in btc or usd or whatever increasing in value. This can work if you intend to accumulate or decrease your holdings but let's not be greedy - 10000 or 1000 coins at $50 or $100 each is worth more than 100000 at 5c!
And even if you sell you coins, you can still buy them again! Even if you buy at a higher price because the market has moved on, the same can be done again. Buying back in at higher prices than what you sold at is what will make it grow and what will make others buy too and is what you do if you believe in the coins prospects. Sitting on coins with the hope that someone else will do it just delays what you want from occurring! If you are happy to take a small loss to aid the coins longer term prospects, for example if you want to contribute but have no other means and/or skills, fill your own order from time to time, assist the transaction volume. You lose a 0.1% trading fee is all.
Ideally, a lot more coins would be available for purchase, at a range of prices. At the moment, say a big fish comes along, wants 0.5% or 1% of Bitcloud given its low market cap, to make it their new primary trading coin (and we need this since there do not appear to be any primary traders), can they get them? No. They can get half a dozen masternodes if they part with... a couple hundred grand lol. I think we are asking a lot here guys, that's a big leap of faith for someone to take, particularly with no goal I'm sight! We all need to make more available to the market. If you think youre selling them too cheap, you aren't if that's all you can get for them.. be realistic.. treat your buyer like he is you! It helps you to help him!
Which brings me to my next point.
In terms of value proposition, I think the market needs an indication of what bitcloud is going to do. What sets it apart? The masternode functionality is great, but not enough it seems. At present, there appears to be no goal, so even the floating of an idea that you're working towards is likely to be positive for price given it is clear you have a dev team. Am I correct in thinking the original goal was a decentralised internet? If that is no longer the case, what do you now intend? "It's a currency", does not set it apart. A roadmap towards an idea is required. When goals are reached, set new ones! No goals means a steadily price decline with certainty. This is capitalism.. You can never rest, only reach for new heights or die, capital will automatically move to where roi is available, and roi requires growth and development and investment - you need all three but once you have them, all three will benefit individually from that and perpetuate an increase in each of them and the potential roi.
The kind of ideas people need to float to the rest of the community and the dev team can be wide ranging, and we dont have to reinvent the wheel necessarily, there are some big pies out there and only a small piece of one can amount to a substantial amount of money. Take WhatsApp for example - 1 billion users, using its encrypted messaging service, video calls etc. Yet it's owned by facebook, hardly the role model of data security. Taking on any idea such as this, even the intention of doing so alone, creates market value and creates additional buy-in. You could go further, develop group video chat or whatever. There are some coins that have said theyre taking on WhatsApp already, but perhaps the stability of yours puts you better placed to beat them to it? This can be the same for any idea, I've just given the above as an example. Investors in this market will take risks, as they're basically venture capitalists at this point, high risk for potential high return... but risk is far too high if there is no goal at all, as reward cannot be calculated.
Use case ideas people, bring them to the table and agree something... get this project back on the road l, it looks to have stalled but we can save it. Time to turn the engine back on, get it turning over, and then rev up for take-off... we are still on the runway!
One last thing - once some of the above is done, run a few adverts on the coin info sites or investment sites or something? ICO after ICO has been raising millions in this way, and they havent even built anything yet, whereas you have a working product and a track record. You have stability stats etc. These are worth something!
Sorry for such a long post, and regards to all.
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