Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
rpietila
on 20/07/2015, 00:16:23 UTC
I don't understand why you make this information public. The smart thing to do would be to accumulate and then make it public.

This company already has some XMR and it has so many BTC that it anyway takes months before they are all invested. In practice I would need to either withhold the information for months - and what is the point? - or just tell everything and start buying after the initial spike has abated. We are not in a hurry, we want as many XMR as possible, and it does not happen by being hasty.

Remember I pre-announced this weeks before.

The last time when this company bought its current position, I announced it would happen, and price went from 115k to 430k but hold your horses, we are prepared to take our time with the acquisitions and not push the price.

It should be obvious to all that XMR has always had takers, and its destiny is moon, and if you don't buy, you are just playing with your financial future.

Well he already said the company won't be buying from the exchanges.

Well this he never said. Correct interpretation is that we can buy and sell larger amounts than anyone in OTC, make good margins because we provide service that nobody else can, and use exchanges to replenish our position.