I'd lean towards whale conservation myself, but food giveaways aren't going to hurt the coin (thanks for the pizza by the way... put up my pics the other day on that food thread). It just seems like as far as an overall purpose and use, the coin's message is rather muddled.
As has been mentioned, whale conservation could get free media publicity as an extra bonus. I'd like to see a whale of the week adoption, although of course it's not my money, so Whale would need to decide if he wants to support, umm... whales... well, real whales I mean.
We should also have sponsor a trading noob..Maybe big whales can say sponsor a trading noob with some coins and teach them to trade..Could be good. I donated to Nala btw to be adopted.
Came across this. Explained very well.
OK... here are the time tested strategies for investing in commodities:
1) Only invest money you can afford to lose. Never invest money needed to pay bills.
Explanation: The market can remain low and your losses not recoverable longer than you can stay solvent. If you need that money next month, dont invest it.
2) Do your research. Buy quality, not hype.
3) Trading on emotion is pure gambling. Use logic. Have a plan. Set a goal. Be flexible.
4) Learn to spot the "Pump & Dump". Buying on the pump can be profitable, but the dump comes without warning.
5) Prices go down faster than they go up.
6) After purchase, set a "stop loss" at 80-90%.
Explanation: Purchase price 1000 satoshi. Place coins for sale at 800-900 satoshi. This way, if the market goes down, your coins sell and losses are limited. Remember rule #5.
If the price rises to 1500 satoshi, move your stop-loss to 1300-1450 satoshi. Now some profit is locked in.
Price now 3000 satoshi? Change stop-loss to 2700. This will lock in your profit when the market turns and you are not watching.
7) Leave the last 10% gain for someone else.
Short explanation: You can never determine the top.
Long explanation: Greed to get the last little bit out of an investment will cost you. Not only is the top impossible to determine as prices rise, but there is very little trading at that level. Better to sell at 10% under your estimate of the top, and while it is still rising.....that way your sale will not drop the market.
Selling after the top is found and the price declines only causes the drop to accelerate. (panic selling). The fastest percentage drop is always at the top. So sell before the top is reached.
8 ) Buy a little at a time, sell a little at a time. You cannot know the top or the bottom.
Explanation: Prices go up and down every few minutes. Best to average your buy and sell prices. Instead of purchasing 1million coins at a time, (large purchase can cause the price to climb temporarily), then seeing the price drop back down, better to buy 100,000 every day or every few hours. Dont forget to place your stop-loss.
When time comes to sell, sell a little every day or few hours. That will average out the price.
9) Diversify. Be invested in different areas.
10) Dont chase losses.
Explanation: Purchased at 1000 satoshi. No stop-loss set and price is 300 satoshi. Waiting for the price to go back up is emotional trading. Dont buy more at 300 satoshi. Sell now, dropping the price further, and place buy orders for the coin at 200-250 or so satoshi.
11) Don't buy on margin.
Explanation: Buy on margin means you pay 10% of the purchase price and borrow 90% at low interest. Also called leveraging. This is very profitable in an UP market, but when the market goes down even 5%, investments have to be sold. This causes a tsunami of sell orders and a severe sudden price drop. Remember rule #5.
Bitcointalk member: Litoshi
