No one is forcing You guys to buy and hold CSC. 500K buy orders is waiting for dumpers...
Where do you see 500k buy orders, other than at ridiculous prices, such as 100 sat?
The order book remains extremely thin on the buy side with only about 1.2 BTC in total on the bid, taking Alcurex and Cryptopia together.
On the offer side, on the other hand, there are hundreds of thousands of CSC on offer at all kinds of prices, with the largest offer at approx 200,000 CSC for 20BTC at 10,000 Sat. That's someone with a large holding, trying to cash in about US$14,000 at current BTC prices. If it's so good, why is a large holder trying to sell? Sure, people have all kinds of reasons for selling and it may have nothing to do with the recent creation of excitement.
Look, you have Miners, Traders and Investors (may also be miners).
The first group of Miners just look for the most profitable coin and do not care at all about a coin and just sell right after mining, most of them just mine straight into an exchange and don't even have a wallet of their own.
The traders don't care about a coin neither. They bought maybe at 500-1000 sat over the last months or so and if they can sell at 10.000 sat they made a very big profit. I can actually understand that if you invested say 1-3 BTC and can cash in 20 BTC about 6 months later you did good! Most stock market traders work like that, ... they do not actually care about the companies behind the stocks, they only care about the value of their portfolio.
The investers are both the big and the small holders, they protect their long term investment by not selling of at low prices but try to buy more and more because they believe in a coins future. Hopefully they will be wise enough in the future to sell off bit by bit on higher prices to not destabilise the market too much by dumping large quantities. They invest their time and resources in pushing a company (or coin) ahead and try to contribute to make it a success.
- I have invested money in buying coins over the last few years
- I have invested time and money in servers running seeds, mining pools, API services and block explorers
- I have invested hundred of hours in development
So i consider myself to be an investor
- I have received some thank you's from loyal supportors
- I have received a few donations but only from other 'investors'
- I have received tons of complains and even lots of aggresive PM's
- We always tried to make the best decissions for the coins future
- We never promised anything, only told things as they are
- We all know that crypto is an experimental market where you should never invest more than you are capable of losing!
There are about 38 mln coins out there at the moment. 75% is owned by the top 100 and about 50% by the top 10. Most top 10 owners are known and will not be selling cheap. It is estimated that between 5-10 percent of the coins will not be spendable any more because they are in hidden or lost wallets over the last 3 years. I have about 50K coins sitting in my MegaMineros wallets that are not being claimed by their miners, ... guess other pools have the same.
Can you wait till the coins has a value of $1 or more?? Will you act as an investor at that point or will you get greedy?? That all depends in what category you place your self, ... are you a Miner, a Trader or an Investor?
