Quote from: Clminer on April 20, 2015, 01:06:04 AM

Quote from: Penn.3D on April 20, 2015, 12:41:56 AM

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!!

I browse into your posts Clminer and didn't see what you're talking about.

Maybe you was talking about my post ->

"https://twitter.com/SMACteam/status/582993577522806785

Correct me if I'm wrong but, isn't a buyback supposed to buy into (eat) the sell orders? For what I see the SMACteam simply put a buy order, below the ICO price ?

Are you gonna do this at each buybacK?

Excuse me but I don't understand this."

I have to say the first buyback was a good move. A crazy guy dumps 23138 $SMAC @ 8446 satoshis.
1/30 of the coin that we won't see soon again on markets. We can't expect better when we want to shake weak hands.

Maybe the second/third buyback will be a good move to set low buy order instead of eating the sell orders to again shake weak hands and see 3/30=1/10 of the coin in the hands of SMAC Team instead of pumpers/dumpers.

But I think that the third/fourth buybacks and the others after will be a good move to eat the market, to shake things up a little bit. We know that the team/coin is doing well but outsiders don't. They know it by the price.