Quote from: smoothie on August 26, 2013, 02:57:44 AM

Quote from: ravagetheearth on August 26, 2013, 02:52:27 AM

Guys, I have invested everything I have into GLD. Trust me here, by as many GLD as you possibly can NOW. It can only sit at this price for so long. If you buy and hold for a year or two you will be VERY wealthy. Out goal is to reach $1 per coin and above. Think about the name, "Goldcoin". Appealing, right? We have a ton of support and after every pump the coin sat in place. Didn't just tumble back down. Trust me now or regret it later guys!!

We will be purchasing 10M as a group VERY soon. Get your buy orders in. We want to work as a community and skyrocket the price.

One universal truth I've found to hold true: Talk is Cheap. Actions speak louder.

You probably shouldn't be giving financial advice unless you are a licensed financial advisor.

community effort =/= skyrocketing price

community == Development and merchant acceptance

^second. Very well said.

Now, according to the OP, he makes a claim he can not possibly know. Since there are variables out of his control that will ultimately affect the price, the entire post is useless. If he really believed in it, he would make his huge investment (like he claims he already has) and then sit back and just wait for the price to go up. But lets say he actually got what he wanted...a bunch of people to go out and buy it right now. Well...

That would most likely inflate the price slightly right off the bat. Then what? There is no structure in place for GLD. It can only be traded for other cryptos that people actually want (BTC and LTC). And even if everyone that saw this post ran out and bought GLD using every last dollar they have, there is more of a chance that in a year the bottom would fall out of GLD. Those holding it will constantly be speculating. And most will act. That activity is what will start to create the foundation for the real value. So, even early buyers would probably get caught up in the price going up slightly (due to this phony rush we just talked about) and those folks will actually lose money.

Furthermore, how do you convince a bunch of people to buy and hold something when they also have to do the ONE same thing that everyone else does? And that one thing is convert cash or better cryptos into GLD, all while paying a fee, and essentially giving up their cash and cryptos that can be used for growing numbers of goods and services daily. Everyone has to watch that as they get charged fees to convert.

Essentially, what OP is saying is "I am willing to be be charged a fee to convert my money into something that can not be used for anything other than converting it back into my currency or cryptos at another fee. But everyone else should do this too. I am not sure why, since the interest and activity is exponentially lower in this crypto vs. others. But jsut do it anyways."

teh logic of the OP