Quote from: tokyoghetto on June 03, 2014, 11:33:25 AM

Quote from: mighty jol on June 03, 2014, 05:07:31 AM

tokyoghetto your accounts are getting so big you're reaching what i personnaly consider a point where your btc pos/pow/trades are yielding as much as a job would. Are you afraid of how you are going to be able to liquid all of this positions?

I am also wondering what kind of miners you are renting, seems like they work really well too.

good job, keep it like this for the next month Cheesy

Exiting an entire position could prove to be troublesome, depending on the circumstance. If I were to sell my entire position on HBN today at market, I would crush the price and hurt the possible returns I could get. This is why the trade plan I developed for HBN and for most high interest PoS coins is to sell small chunks regularly. I feel like its the duty of larger holders to sell periodically and spread out the coins. Coins will never gain real value if its only in the hands of a few people.

If I can PoS mine 5000+ HBN and I spread out the 5000 HBN sales over 30 days, I can sell those 5000 HBN with minimal impact to the price. The trade plan cancels out the greed that most people get when they compound too much, and end up with a position so big that it becomes difficult to manage. However, as time goes by and these coins develop more liquidity the price may drop but the trade sizes will increase, allowing bigger traders to enter/exit with out moving the price too much.

As for my miners, I just rent from leaserig.net. I do a bit of quick math on the profit/risk and if I can squeeze out a profit, I get myself some rigs and mine away.

Thanks, I really hope June is a big month for me.

tokyoghetto

I think a lot of people don't realize that you don't have to fire sell your way out of coin positions. For example most institutional players will spread their buys/sells of financial assets over weeks and months, it makes very little sense to attempt to do it all within a few minutes if you hold such a large share of the float.