This is the kind of mentality Gulden has to deal with, not sure how the price will ever increase.
From slack
Bought a lot the last few days, had a nice average price of around 1550/1600, sold them this morning for 1700, expected this drop a bit. Think I'll buy back in again
Keep the bids below 1700 or this guy will dump on us again.
He was planning to rebuy in at low 1500s, not many if any sales went that low after he sold. We might be lucky that he is out the way now but there might be other traders that premature on 5-6% profit. I agree in putting low bids to try get coins off the traders that have to survive on these small profit margins.
EDIT: I have noticed a build up of 3.8 btc to 2000, traders are buying and placing higher sales.
Don't fall for the trap! Force them to sell for a loss.
This is the main disadvantage of attracting mainstreamers, especially people from EU who hardly get interest from savings accounts. 5-6% profit is more then they will make in 10 years in a EU bank and they making this profit in a week. Gulden would of been far better off with the general crypto users who understand that crypto is more then just making money. Crypto traders hodl longer then mainstreamers for the very reason I mention above. Gulden has made life worse for itself with the opening of the Euro exchange in terms of price.
A lot of people posting here thought it would bring Gulden to a new level and they couldn't of been more wrong.
PoW2 and SegSig release would of done 10000000 times better without the mainstreamers dragging the price down on the Euro exchange.
The 2nd Euro exchange called Guldentrader will bring more negative prices like Nocks has done.