Post
Topic
Board Announcements (Altcoins)
Re: [BTA] BATA | i2p | Tor | 10 Exchanges | Long POW Est 05/15 - POS to Begin SOON!
by
earthpet
on 28/05/2016, 00:29:52 UTC
I'm looking forward to helping build this coin and community.

I really like the Tor and i2p options. I don't use them, but I think privacy is becoming THE issue with cryptos. I hope to see more development of that down the road.

If I understand correctly we will be able to mine with our wallets at some point. That could be very cool. I would suggest not making the staking amount too high so that more people would be willing to participate. I already own a lot of Bata so I'm more interested in encouraging others to own Bata rather than adding to my pile.

I'm curious about the barter system and would be happy to help test it out when needed.

I would like to add an interesting observation that I noticed while building my Bata balance:

Okay, so I see the price dropping and I think GREAT! I'll put in a large buy order. I placed an order for several thousand Bata. Even though my order was usually at top of the list (I often offered the best price), I still didn't get many takers. I kept my order up there for days and the volume stayed flat and pretty low. My thinking was that someone with a lot of Bata to sell could easily dump it and I would offer them a fair price. Some did, but that volume stayed low.

So, I pulled out my offer. I just let the market drop...and it did. The volume went up and people were selling off their Bata for much lower than I had been offering. Suddenly someone offers to sell several thousand Bata at much lower than I was offering just a few days ago. So, I scooped it up.

It's so weird that it actually takes a dropping price to motivate some people to sell. That is the EXACT opposite of what one is supposed to do. Perhaps occasionally somewhere down the road it may look smart to have sold when the price was dropping, but it is a terrible habit. The other bad habit is to hold on when people offer insanely high prices--but that one is much more difficult to master.