How Unobtanium will fulfill its prophecy; whether it is through you, me, all of us, or a silent investor.Indeed, there has been a good amount of volume recently, well actually the past 11 months since the pump. Unless someone at Cryptsy is just arbitraging the market, then there has been serious accumulation happening. Think about it this way: If I had $300,000, I could buy bitcoin then spend every day restocking UNO buy orders in the 0.003's, and it is
guaranteed that the market will run out of UNO before I run out of money. It is essentially a certain 10%, 100%, or 1,000% profit. Someone may be enacting that plan as I type, & has been for months. $300,000 is not a lot for someone in a developed nation, it just takes 1 semi-wealthy individual to see the potential. If nobody has been, I will be the person to do that over the next several years if this thing doesn't increase in value significantly before I have the chance. No kids, modest means, a hobby that makes money (poker), & soon a great job in a biotech laboratory. Plus I'm already off to a good start with the major stake that I hold. Of course, this isn't about me, it is an example of how little it will take to bring this market to the attention of millions of people. Not a team of millionaires, but 1 motivated guy would be able to make this commodity a top 10 crypto. I know FallingKnife is committed in such a way, but I haven't seen anyone else express the same strategy.
Every number & market movement in this hypothetical scenario is very rough, it's just to express the idea: Someone has managed to obtain 25% of coins for $100,000 at 0.005 average, sell side dries up & prices rise. They manage to sell 5% of total UNO for $40,000 at an average price of 0.01 over a few months until their selling combined with others causes the price to decline, well now they've got 20% of all UNO & $40,000 to buy another 10% at 0.005, totaling 30% of coins. Are they stuck if the price doesn't rise again? No, they've still got $200,000 to buy every single coin that falls into them. After 5 years they've got 75% of coins, the other 25% has been stationary in addresses for 7 years, or is held by small-scale traders. They invested an initial $200,000 but managed to make all of that back plus $50,000 with swing trading. So they've got 75% of UNO plus $100,000 (let's say they spent some). With 15% locked in wallets for nearly a decade, the smaller traders have only 10% of total coins, which means even at a market cap of $1,000,000, their $100,000 can absorb all selling. At that point, there is no losing situation for our clever investor, if the price declines; they obtain a larger share, if the price goes up; their crypto portfolio is worth more. If Bittrex, Bleutrade, Cryptopia, Cryptsy & Altquick all disappear over time, other exchanges will want to host the million dollar market. By then there may be more crypto exchanges, government regulated altcoin trading, or dozens of decentralized exchanges.
People may say:
(1) "That is not the spirit of the coin, it's about fairness."
Such a strategy would be 100% fair, those coins were bought on the fair market from willing traders, not pre-mined like so many other cryptos.
(2) "We want distribution, people wouldn't be as interested if it was mostly one or a few people controlling the wealth."
You know what people would see? Exactly what they see now; dozens of addresses that have been stationary for 300+ days, a small portion of total coins on exchanges, a small, engaged, passionate, committed community. It may have already happened, it's impossible to know. Those $1,200 of UNO purchased on Bittrex today may have been bought by somebody with half of all coins. In regards to distribution: I'm sorry, but Unobtanium's destiny is not to have 10,000,000 people each owning 0.025 UNO, spending a little to buy a new sink at Home Depot. That's the role of bitcoin or whatever other crypto that will come to dominate the global economy. Our role is different, this coin will be collected & hoarded to the point of extreme value. To live up to its name & become truly rare there simply must be a few bold individuals who made a strong move early on.
(3) "If such a plan is possible, why hasn't it been done with other alts? Why don't YOU do it with a coin worth $4,000?"
It likely has been done with other alts, we can't really know. but Unobtanium is uniquely set up for this because of its current situation and characteristics. I've looked into doing this with many smaller coins, but almost everything below $20,000 on coinmarketcap has a jaded, scammed community, glitchy blockchain, uninspiring premise, & poor exchange coverage. If I accumulated & drove the price up I would be fighting an uphill battle, & once I needed to sell to take a larger share at lower prices, nobody would want to buy the coins. Plus, there is still a lot of inflationary pressure on many of those coins. UNO has almost no inflation to fight, a solid reputation, willing investors, numerous exchanges, reliable blockchain, active community, & a large portion of the total coins are safely locked away in wallets. It's a perfect scenario.
(4) "That is an unsavory plan because it's about greed & selling to the next sucker." (I chose that phrase because someone who was once a supporter of UNO said that about this community in another forum a couple of months ago.)
This is a store of value, just like gold or a hundred dollar bill. In order for it to succeed, it needs to be considered valuable. An increase of value is a self-fulfilling prophecy; to increase in value it must first increase in value, a $300,000 valuation & 80th place on coinmarketcap.com is not going to get us anywhere. It is not about 'selling to the next sucker' any more than trading stocks is, or buying real estate. The individual who accumulates the most Unobtanium from 2013-2020 will hold the largest stash of one of the most valuable cryptocurrencies in 2030, but only
IF somebody accumulates in the first place to make it valuable, & I will be the one to do it if nobody beats me to it. & I'm not in this to profit from suckers, I get enough of that at the poker tables. No, I want to help build something huge. I want to shape history. I want all of the people selling at 0.003 the last couple of months to regret it, I want to see them posting about it in 3 years with little sad faces, "back in 2015 I had 100 UNO but I sold them all for a third of a bitcoin
"
My point is: At the core of Unobtanium is not a frenzy of trading on waves of pumps and dumps until it fades away, its destiny is to be hoarded into rarity. I know, those are common themes in the crypto world; "HODL," "I'm a long-term holder," "Dogecoin will be $1 each one day," "There's a mystery whale accumulating," but we all know that is mostly said by traders who are overly optimistic, in denial, or trying to convince others to buy in so they can profit. Well I won't deny the possibility that I'm overly optimistic or in denial, but I will say that I've always been very ambitious, & thankfully I've been the kind of person who makes manifest of those ambitions. I'm also incredibly stubborn, & there's no way I'm letting this thing sag into irrelevance.
