Re: The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread
I don't recall you going on to ElDido's exchange and advertising your private sell back then.
I see what you mean! I don't recall if I did that then or not (was there even a trollbox then?). I generally post things of interest everywhere I know people are interested in MSC, but I agree that I probably shouldn't have mentioned my private offer in the exchange chatroom - bad form.
Sorry ElDido!
Apology accepted
I wasn't aware it was you talking about it on the chatbox actually
But the point I wanted to discuss is that I believe the effect you will have on the market by doing this transaction(s) will be relatively the same if you do it OTC or on masterXchange.
By announcing your intention to buy big at a determined price, other traders will not sell for less anywhere. If you place a big buy order at the same price on masterXchange, you will have the same effect, plus allowing smaller sellers to fill your order.
But it will cost you more time and energy to do it OTC
Yeah, I did experience some slippage back in February when I did this in the other direction, but it was a huge order, so some slippage is expected. From the PMs I'm getting, it's looking like I'm not going to get filled anywhere near spot prices right now, so maybe I will have to spread it out on MasterXChange and the dEX, or maybe I just need to wait longer. However, I'll be kicking myself though if this is the bottom and I don't get some!
Speaking of the dEX, I'm disappointed there's not more available for purchase on the distributed exchange, which is of course my preferred option. Somebody want to put a big chunk for sale on there for me?
My query is only a few hours old, so probably a lot of potential sellers haven't even seen it yet.
I'm going offline until tomorrow. You guys bombard me with attractive offers via PMs, and I'll get back to you tomorrow, ok?