Ah, Ok. And I guess I agree. Just figured that if you were to dig what could have been $1 million worth of CLAM's, figuring out a way of doing so without crashing market price would be a priority.
Yes. Price in late August when dumps began (pre-dating any discussion here) price was 10X what it is now. Best way would have been to prop up market with BTC gains and sold slowly.
YES!!! This would be prudent and sane behavior.
Lol, i can't believe what i'm hearing. You would prefer that the mega whale prop the price up while he dumps on everyone? Ask yourself what would have happened in that case.. the price would have dumped when he was finished dumping at 0.01+ BTC / coin and the propping stopped.
Your "Prudent and sane" behavior would have only delayed the inevitable dumps. the CLAM community would have paid ~$2,000,000 for his 500k CLAMS, instead of the $225,000 at current prices.
You misunderstand. He's talking about what would have been "prudent and sane behavior" *for the digger*, who presumably wants to maximize his BTC take.
If there was some way to keep the price high which he sold his stash, then of course that would have been best, *for him*. If the price of CLAM crashed immediately after, well, that doesn't matter to him since he's done at that point.
By the time I realised what was going on and warned everyone, the price had already fallen from over 0.01 to somewhere in the 0.007 - 0.008 range, and I'm sure it would have kept falling even without my warning. Nobody needs to understand the bigger picture in order for a massive increase in supply coupled with no corresponding increase in demand to cause the price to drop. At best my warning helped drop the price more quickly to minimize the amount we as a community bled to the digger.