Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"
by
crazyivan
on 28/11/2015, 08:54:21 UTC
It is true that if I had been more careful and not revealed my total dig amount, people would not have caught on so quickly, and I could probably have made more BTC from my CLAMs. But as dooglus said, I was adding 500k clams to a total supply of 800k clams. The price will go down no matter what. If no one knew how many I had and I sold it real slow, the price might have gone down much slower. I would have made a lot more money, and a lot more people would have lost money.

Remember that CLAM price had a huge run up before I started digging. Clam had only 1 use case, which is JustDice. The price at that time was not sustainable. I saw that and decided to cash out at that time. I'm sure others saw it too and cashed out. Waves and waves of selling is not because of me. Of course, I added to the selling pressure by putting in limit sells above market. But that doesn't really matter, because once Dooglus revealed my total dig amount, the market started to panic. The price fairly quickly dropped to the new "true" price given the new information out there. I did not increase my selling. Actually, my selling strategy has remained unchanged since the beginning.

I have nothing against you, you have your own interests to take care and CLAM rules allowed you to dig and sell whenever you want.

Revealing your existence and the number of coins you own, in addition to your selling pressure, has probably been crucial for this price dump.

But the main question is what now? Where do we go from now? Cause if this the whole plan, you digging and dumping, I m afraid you wont have anyone to sell to. Cause I know I would not place a single satoshi as a buy order knowing the price s gonna go only down. Also, only a noob would enter the market now and buy so new people re out too. I know some people re gonna say I m sharing negative marketing to CLAM but I would not like for these noobs who enter PoS for the first time to come here and lose their money without even having a chance to profit. On the other hand, I would like CLAM to go down, ever. I hope you see my point, what do we do now? Where does CLAM go from here?

Not to mention the fact I hope you do plan to keep some of your CLAM to stake and profit from PoS in the future as well. So, dev team, community, where do we go from here? What is the way out? Sitting and doing nothing isnt cause one does not need to be a genius to figure out where all this is gonna end if nothing s being done.