Re: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"
Even with all digging (from this large digger) completed the amount of new coins doesn't justify such a low price.
I can imagine the price being about half of it's peak. But an 80 percent drop is silly.
Not to mention the BTC price is causing sells on top of everything.
Seems like CLAMs is due for a bounce from this bottom.
I can imagine the price being about half of it's peak. But an 80 percent drop is silly.
Not to mention the BTC price is causing sells on top of everything.
Seems like CLAMs is due for a bounce from this bottom.
Nothing justifies 20-30% drop per day. No sane investor s gonna sell that way. Unless he wants to intentionally drive the price down or destroy the coin. Since he hold a lot of it I highly doubt he wants to destroy it. So, either he s insane or he s got a plan.
Well there is always the possibility the whales an idiot and doesn't realize that this strategy is a mistake, and to much dumping is counter-intuitive.
They stake and have a big wallet but they have no sense of market management if all they want to do is dump coins for 2 years (which is likely an overshoot as 2011-2013 txts would be quite something) then they should do something to contribute to increase the value of their investment and multiply their return.
(Lol made me think it was an Einstein moment)
Calling this an investment is the mistake. This is Free money. He didn't spend any of his own money to get it. A lot of folks that claim their clams are not CLAMS investors, they claim and then sell them.
I estimated he was 36% done. So maybe another 4 months of dumping.