re: my goals to reduce exchange holdings
*mine too!!*Think Different. UNO is a unique product.
Chasing the daily volume with a rare coin is not practical. And the better aim is to have UNO function as EQUITY in a greater framework. Subsidiary products- or brands - can flux and trade in big liquid numbers, UNO is more like a Berkshire share.
Also the spot price doesn't need to be dialed into the exact penny or satoshi, it can vary from market to market, and one market leads on Monday, another on Tuesday, randomly.
**personal opinion**
Where I am intending to focus my trades:
Cryptopia altcoin/UNO markets
LTC/DOGE on Bleutrade
$/UNO ... later once a platform is known
uno/bitcoin .... WHOLESALE lots ... round bids ... like 1 BTC for 101.95 kg
Enough persons are naturally concerned with the UNO/BTC trading that I pay it little mind. Also it is a bit foolish to play poker with a coin that holds 95% of the chips (if we go by market capital). Coins like LTC, Doge or even DASH, NXT, PPC, can be directly traded and have sufficient liquidity.
There is much less risk of being eaten alive by bear-whale bitcoin sharks.
Really think about it, if I had a $million in btc I could break any ALT coin except maybe XRP, LTC, or ETH.
But it would be much less easy to kill a coin community that doesn't want bitcoin in exchange.
ALTs for ALTs. Bitcoin is for billionares. Really ... see ... the Zapo advisors, or those twin who almost owned Facebook but got Zuck'd.
Point is forget volume, figure how to use UNO to store value ... that means flip other assets ... say ... forex CNY/$ ... online poker winnings ... day trading stocks ... shorting ETH ... whatever ... but when you need a battery to store that value won ... UNO is that kind of coin.
What's your
profitanium vault?
the dollar?
LOL
it is not even a coin anymore, not since Nixon