Quote from: jootn2kx on August 30, 2017, 05:41:15 PM

Quote from: Epicyclic on August 30, 2017, 05:29:49 PM

ATTENTION

Everybody click on profile at the top left of your screen,

now click on ignore list in the left hand option box,

then paste this in;

jootn2kx
DADIBLAND
Jody2k

click submit, and the community will thank you. Wink

Quote from: jimboscott on August 30, 2017, 05:29:05 PM

Quote from: jootn2kx on August 30, 2017, 05:09:05 PM

Quote from: bfons on August 30, 2017, 04:39:03 PM

Quote from: jimboscott on August 30, 2017, 04:22:20 PM

A fair point you have made. However...

The issue here is not where the highest valuation can be, it is where it tends to gravitate towards. There is little doubt that many who were mining SIGT when profits were significantly higher than ETH mining were doing so to turn the coin over into ETH. And... when they did, that caused a wave of selling. And, do not forget that when SIGT was 4000, it was both very brief and at a time when BTC was NOT in the mid 4000's USD.

My point is, SIGT hit quickly with strong daily mining profits and that invited the opportunity to SELL SIGT and roll over into more stable and mature coins. That will cease to be the case in just a few hours.

This is just one part of the equation, but it is the part that, at least for the last 30K blocks, explains where SIGT can only seem to get about 20% above ETH mining returns before it finds a ceiling in value.

If someone is always there to sell just a little higher than what they want to roll into, SIGT cannot advance. That opportunity will likely be gone in just a few hours and within a few days we will see what happens when these short term traders no longer can profit from their quick selling.

Well said...

The coin matures today as the "get rich quick" traders disappear

You mean DIES?

I have traded stocks for a long time. I am used to people shorting stocks and, along with their short position, starting a campaign of negativism, FUD and insults designed to drive investors away in order to directly gain financially from their taunting and incessant bad-mouthing.

However, I am not aware of any way to short a cryptocurrency.

My only conclusion is that you do this because you are simply an asshole.

oh really? you must be a genius

Almost. Non-verbal in the mid 140's.

Spotting an asshole on a message board? I am so far to the right of the bell curve it is ludicrous.