Quote from: Maslate on April 01, 2025, 02:53:02 PM

I’ve noticed that a lot of tokens/coins (I’m not entirely sure which) have been surging significantly. take CATX, for example, which jumped over 1000% in just seven days. But honestly, I’m not familiar with these projects, and I suspect the reported trading volume might not reflect real activity. That’s why I’m hesitant to get involved as I don’t want to end up regretting it because I couldn’t sell at the right time.

You know how it goes: the faster something pumps, the harder it can dump especially when trading assets with no long-term sustainability.

https://coinmarketcap.com/?type=coins&tableRankBy=gainer_loser_24h

For that reason I consider it very important for a coin to build its "buy side" strongly.

Look at IXCoin on FreiExchange for example, because it has been rising so fast keeping its buy-side up, let alone strongly, is a struggle.

Someone keep buying it up a few hundred satishis in price at a time, which because it is still ridiculously underpriced only nets them a few thousand coins at a time since naturally no-one wants to sell any at these crazy-low prices; the only reason any at all are available at these bargain-basement prices is because as well as building up the buy-side with the proceeds of the sells the occasional minor dumps let me re-stock cheaply enough that I can afford to build the sell-side back down toward the buy-side after each big bite someone takes out of the sell-side.

Already I am stretched so thin that at less than 200 satoshis per IXC of price I have had to build my column of buy offers to offers of only 100 IXC at a price and even now to reach above 200 satoshis of price start offering to buy at each 5 satoshis of price instead of at every satoshi of price, because someone bought it way up to 495 satoshis or higher and the proceeds were of course not enough to build the buy-side very high at 1000, 500 or 200 IXC per offer at every satoshi of price.

It would help a lot if people buying in relatively large bites would us a bunch of what they are buying with to build up the buy-side under whatever price they gobble the sell side up to, but presumably they worry that if they do so the buy offers they place will be "left in the dust" as more and more people jump in and start gobbling up the still rather "thin" sell-side.

It is because buyers so often fail to fill in the buy-side under themselves and also so often simply buy from the sell offers instead of building their own column of buy offers that it is so easy for so many coins' prices to "go into free-fall"; and of course the surest way to find coins or tokens that do constantly build a reasonable buy-side as their sell offers get gobbled up is to yourself keep building the buy-side as strong as you can, which in turn means finding coins "small enough" that your own scale of trading can make a real difference.

Basically adopt a coin and treat it like what money really is: I-owe-yous. Bear in mind as you sell that you are selling IOUs and that their value thus resides precisely in the certainty that you will "honour" them, that is, buy them back...

The really fun (and lucrative) thing about it all is that some idiots always turn around and "dump" some of your IOUs back onto your buy offers cheaper than they bought them for!

The really weird thing about IXCoin is that its sibling I0Coin is fundamentally probably a better coin, yet everyone keeps ignoring it to focus on IXCoin.

So the smart move is likely to start moving on to build I0C before IXCoin gets high enough that its builders start looking for another coin to build...

Notice the important thing here is not to "dump".

You want "dumpers", but only to the extent your huge column of buy-offers can happily absorb. Dumpers care a huge part of your profits since they are basically giving you back more and more of your IOUs cheaper and cheapr and cheaper the farther down they "dump" the price.

To see more coins the Galactic Milieu has adopted and built "treasuries" for check out https://MakeMoney.Knotwork.com/stellar/

-MarkM-