Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SMAC - Social Media Advertising, Market Live on Bittrex!
by
Clminer
on 20/04/2015, 01:06:04 UTC
Not sure if you guys know about Archcoin, but they are another coin that plans to use profits from their company to buy their coins off the market. Anyway, I bring this up because it appears that they will be executing "market buys" which means, if I am not mistaken, they will be buying directly from the Arch sell walls.

I realize awhile back I was arguing in favor of buy walls (instead of market buys), but just hear me out...

If SMAC decided to use their profits to buy off the SMAC sell wall, and let's say they made 5 btc this month...well that would immediately push the price up to 30,000 satoshi and I'm pretty sure it would get SMAC noticed pretty damn quickly! Plus, if people knew that each month a market buy would be executed with whatever money was generated that month, well I do think people would be falling over themselves to buy.

I obviously trust what the team is doing so please don't take this as advice, but rather I just wanted to throw it out there as something to think about.



This is what i was saying since my first PM to you guys, please read it again if you dont believe, what SMAC is doing now is honestly not good and will let the price drop instead of rise...Thanks Penn.3D for mentioning this...your point is solid!!

SMAC TEAM should buy from the "Sell" orders so the price will go up!! and they should keep the coins and not dump them back into the market!!

i am really happy that you came with a solid example... cant thank you enough!!