Assuming someone really wanted to buy like 200BTC worth of XMR when the price was low, he couldnt do that without obviously pumping the price. Even more so when half the sell orders were his own.If you dont say anything people will think that, well, the time they were waiting for may be coming indeed and wont sell. They may even buy more.
So what is best to do? Tell the people that you are manipulating the price. People dislike that. They play along but stay alarmed and sell when they feel a bit scared. After all its just manipulation. So i would argue that you actually manage to buy the coins you wanted at better price by stating that you are manipulating the price.
And this way also has a plus. Your words gain more trust if you say something and that happens. You can use that in the future. Maybe really near future too.
Only thing i really dont think you are going to do is to wait 24h to buy. You actually buy the moment you said that you are going to buy.
Oh and remember, it is also buying when people (from a wannabe syndicates or not) dump on you
I wait 24 hours if I say I wait 24 hours. If I don't say, I can do what I want. Those 24 hours have already expired.
What I currently have said is that:
- Monero price will rise (from the starting point of 115k);
- I will aim to focus the marketing to investor-minded people who have significantly more money than currently invested in Monero;
- I have money under management that is about to flow to Monero;
- I hope that the small guys who already know about Monero, get back on board first.
If you project other wishes of yours to me, hoping that I make them true, you will be disappointed. I have explained what I believe is the best investment approach towards Monero here in this thread, and will probably do it in a dedicated website soon as well.
Both the core team and the MEW are cooperatives, because those aims can only be reached by networks of people. The coming Monero Investment Group (MiG) is largely a one-man effort (to eliminate the possibility of collusion). The aim is to dispense facts for people to act upon, for everyone to make his own decision. Let the MEW take care of the social aspect.
It's becoming tiring to explain the same thing the 4th time in 4 days, and getting accused of untransparency. These are my plans, and as long as Monero stays cheap, no one can stop me from achieving them. When it goes up, they are achieved.
We are changing to the "money talks, bullshit walks" phase. The power that the current holders have against the influx of new money is to sell. That power can be exercised only once. Use it, but with caution, since the target value of Monero is not 10x or even 1,000x, it is 100,000x the current value.
As if the XMR bears did not already have enough of a Sword of Damocles hanging over their collective heads before rpietila unleashes his threatened stampede of bulls on them. Here are a couple of examples:
1) The delay in the database and the GUI. The latest Monero missive
https://getmonero.org/2015/02/23/monero-missive-for-the-week-of-2015-02-23.html demonstrates the development philosophy very well and why it is so dangerous to the bears long term.
Gingeropolous
You mean there's more things that have to happen before the GUI comes out?
Riccardo
Yip…there's a lot of stuff that's "almost there", but there are some essential components and…there's a lot of stuff, I'll give you just one example: refactoring everything out into library form so that we have common libraries for Monero accounts and @wallets, we have a library for the daemon…the connection to the network, we have a library for consensus, so verifying and checking validity of transactions and blocks and signatures and ring signatures, and we also have a library for RPC interfaces.
Having that, and having those library functions and library APIs documented and available, might seem like stuff that we don't need to do to get the GUI out, but it is important because it means that from a QT side we will be able to plug into that library quite easily. And the other up-shot is once we have that done it will open the way to really good third-party implementations, so being able to use those libraries on an iOS or Android wallet means that there's just really cool stuff that can be done without needing to reimplement stuff, you know.
This is a classic short term pain for long term gain development strategy. In the short term we see "the pain" in the current market price, but do not be deceived the long term gain can show up at any time and given the nature of the Monero project
without any advance notice. This is in stark contrast to Darkcoin which has gone for short term gains. In the
short term DRK has out performed XMR by a very significant margin. This has come at a price. DRK is in many ways build upon a house of cards that can come tumbling down at any moment. This brings me to my second threat to the XMR bears:
2) A possible collapse of Darkcoin. Given that the market capitalization of Darkcoin is close to 7x that of Monero a sudden collapse of Darkcoin would lead to a flood of refugees looking for an alternative and Monero is a clear option. This also could easily set off a buying panic in XMR.
In conclusion those who have sold XMR at 0.0011 hoping to buy back at 0.0008, maybe should consider cutting their losses. Pigs typically end up being slaughtered in the market, regardless of whether they are of the bull variety or the bear variety. How they get slaughtered may be an interesting academic exercise, but the reality is that the pigs still get slaughtered.
