Quote from: Faeryl on July 27, 2017, 12:43:23 AM

Random was talking about forming a group that would democratically select more coins with great features, research the hell out of them, talk about them, then agree to buy-and-HODL them together as a group.

If I have learnt anything from this HODL movement it is that it doesnt work, because the "HODL community" only makes up say 10% of the price action, the other 90% is made up of whales, profit takers, and randoms following trending coins from coinmarket.cap. So when the market runs in either direction most people will do what comes naturally, buy into FOMO and sell on FUD.

1.Buy into the coin because some dude pumps it with a cult following.
2. You probably brought once it started to moon, or even at the top.
3. Everyone who isnt part of the cult checking trends on coinmarketcap throws in a bunch of money, it moons further.
4. Everyone suddenly realises a shitcoin with no roadmap aint worth 6 dollars.
5. Everyone cult and non cult rushes for the exits and the price dumps faster in 6 hours of brown pants action than the 6 days of fever pitch excitement it took to get there.
6. Oops you HODLED, now shitcoin x has reached its true value and your trapped having paid more for it.
7. Enjoy your bags, and preach the virtue of the coin so it gets pumped again so you can hopefully generously pass your bags onto some other sucker.
8. Listen with growing excitement as your guru preaches the value inherent in another coin, Linda.
9. The same mistakes cant happen again. Because this time its different. Power of community bro.
10. Repeat steps 1 to 9.

Wake up and dont buy coins that your guru loaded up on before he decided to generously let you in on the offer.
Dude wants to show his CHC balance to verify hes a HODLER and didnt pass 30k chaincoin onto his bagholder following. But he cant cos hackers, trolls, and ...dont want to be proven to be a scammer.

Faeryl, I actually agree with this, this is pretty much dead on. It is a little humorous but sad too.

I agree with your conclusion that HODL community doesn't control enough CHC, but I'm hoping that as time goes on, we eventually will after all of the other parties dump or do whatever they're going to do. I'm holding out hope as the masternode count keeps increasing. The way I'm looking at it, coins locked in masternodes can be considered as HODL-controlled.

So my recommendation to HODL community at large is to do this: when coin reaches a good price (to each HODLer his own), buy a little using dollar-cost averaging. I'm hoping that with this approach, we can collectively "soak up" the coins until we reach some critical mass. I'm not sure what that mass is, but probably something like 50%. At that point, we have a chance for the price to hockey-stick because there isn't any supply.