Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"
by
jaysabi
on 19/11/2015, 21:15:23 UTC
Ok, guys. I'm the whale digger. I can prove it if necessary.

Yes, it is true that I am digging and selling my CLAMs for BTC. Though I am not dumping hard. I usually just put asks above the market price. I rarely ever do a market sell order. So although I am adding sell pressure to the price by adding asks to the orderbook, I am not "dumping" technically. The main reason why the price crashed hard is because the fear of me dumping. This lead everyone else to dump.


If you're not holding, you're dumping. I think that being measured about it doesn't change this fact. This is not to say that it's a bad thing (I'm agnostic about that), but call a spade a spade. Btw, thanks for identifying yourself and adding some small measure of clarity to this situation. I do believe that anyone else here, if they found themselves in your shoes, would be responding to the same economic incentive in much the same manner you are.