800 UNO these days are not that big money, it is only 1600 usd.
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
