Re: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"
Nothing justifies 20-30% drop per day. No sane investor s gonna sell that way.
Buy orders have dropped to 35 BTC cause no single sane person s going to buy having in mind his actions.
You seem to be saying that at the current price it would be insane to sell and also insane to buy.
How do you feel about holding?
Nah, I m saying exactly what I stated.
I m saying the whale s not sane cause he could earn much more if he opted to sell lower amounts over prolonged period of time. This way he would be able to get 5x higher price per CLAM he gets now. That s no sane IMHO. The fact he does not do that supports my theory he s not going to stop until he completely kills CLAM.
I am also saying no other sane investor would place a buy order now knowing he the digger whale s going to keep dumping and dumping. Would you buy anything now?
Every single trade has someone buying. People are betting that this is indeed the bottom, and they stand to make nice gains from here. You apparently disagree. Have you sold all your CLAMs (if nothing else to rebuy lower)?
Yes, I did sell most of it a few days ago and I do intent to re-buy again if there s some kind of solution for the problem available. I still do hold some and I have my buy orders set at a specific price, in case of some form or rebound. That s the usual trading tactics although I m not a trader. I prefer staking.
But this is not about me, there are significantly larger holder around.
About every single trade having someone buying, that s true. However, whoever s buying now s extremely inexperienced and will lose money. We will see 0.0001 before next Monday if he continues to dump.