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. The fact he s not doing that and continues stubbornly dumping without any plan show you he does NOT care about CLAM and his only plan is to get as many BTC as fast as possible. He s also aware of the fact the amount of CLAM he s about to insert into the market over this short period of time is going to seriously, SERIOUSLY decimate the coin, if not kill it completely. If my hypothesis is correct, pls tell me again again why wouldn't the dev team eliminate digging? Cause the way I see it, they can choose between CLAM survival and changing the code.
If I m mistaken, pls do offer some other theory why this guy keeps dumping and crashing the price down? There s more then one way to sell your CLAM.
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.
This scenario is the best for everyone except the digger. The coins are getting distributed at a much lower price. So be thankful he fucked up. Place your orders at 100k, 80k, 50k, 25k or whatever and wait until he runs out of CLAM.
I keep hearing this argument on all PoS coins forums when the price keeps tanking, for whatever reason. We should welcome this price decrase, cause we ll snatch cheap coins and when the price goes back up later, we ll be able to stake, sell them and make money. Yeah.....well.....there s just one small problem. Crypto s not growing that fast as your theory suggests.
If the current price is the position where current supply of CLAM and current demand of CLAM intersect and if he injects 350k of CLAM, which brings the price down to, let us assume 1/2 of what it is now, this means that once we have such increased number of coins staking, we ll need to double our current CLAM community to foster demand enough to get back to push the price up. Cause if current community generates current demand, this means this is the number of coins we currently need. Small increase per day in the form of CLAM staking gets offset by the increase of current demand and new people getting into the CLAM. If you significantly increase the price without matching it in increased demand, that is the number of new people getting into the CLAM or current people buying more CLAM, the price tanks. Economics 101. So, what u re saying is that once we get flooled with cheap CLAM, somehow, mysteriously, we ll be able to increase our community fast, which ll result in price bouncing back. Even if this would have happened, it would take years to do so cause Crypto s not growing as fast as we expect it to, I m sure we all feel that way. I d like to see BTC and CLAM reaching $2k by now but the number of people buying Crypto s still small and we re mostly some version of computer geeks and IT professionals being into this.
I m not saying 2 years s something people cannot wait, I m saying there are other PoS coins which do not have this problem and people can easily switch there not wanting to wait those 2 years. Also, saying, if you do not like CLAM, move to that other coin is not really a prudent advice to a member of CLAM community. Cause it s all in the number of hands wanting to buy CLAM. I used to own 5k CLAM. Cause of the digger, I dont anymore. I m sure there s ton of people around being able to create 5k CLAM demand.