Post
Topic
Board Announcements (Altcoins)
Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos
by
88flaminchevy
on 09/08/2014, 00:17:17 UTC
I really don't think that is mike, because we have seen how easily XC can be pumped, and how much more expensive it can be, I really don't think they would play with cents when they can probably play with whole dollars if you get what I mean.

Whole dollar coins gets you a lot less coins.  That's part of my point.  He basically said without coming staight out and saying it, he can only afford to control price of XC because our coins are cheaper.  He's also picking XC because XC is a great coin and people will believe the price is climbing because of that.  He can't manipulate price of a shit coin that costs nothing because people won't buy into the price climb.  Also he can't do it with something like BTC because he doesn't have enough capitol to make a difference.

unless his investors are also familiar with the crypto world, I stongly doubt he and his investors will have much of an influence on the price. Alot of people are skeptical about investing into bitcoin, now they are supposed to invest into an altcoin thats only been around for 2 months? You won't find any legitimate investors willing to pool in millions to get into XC atm. I'm sorry that's just silly.

Hilarious!  You ever seen a panic buy or panic sell?  People make irrational decisions all the time!  Also, your dealing with kids.  There is a huge amount of kids buying as selling coins.  It's actually scary when you think about it.  Kids don't handle money the same way educated adults do.  I meet a 14yr old kid about a month ago that was more invested than me and a group on my friends combined.  He was talking to me about it like it was a game.  He was saying how him and his friends trade during lunch at school.  Just think about that for a second.  Your asking kids to make the same decisions you would.

Just out of interest, how invested was the kid?

He claimed $80K.  Told me he convinced his parent to let him invest his college fund and he borrowed some money from his grand parents.  Told me all his friends were doing the same thing.  Maybe he's going to make a million dollars or maybe judging by the way he was talking about it, he will loose it all being stupid and blame his parents for letting him do it.  The impression I got from him was, he just wasn't talking the money very serious, like it was a game he plays on his Xbox. 

Good luck to him I say. Most kids I know who play xbox all day smash it at COD etc. Infact, playing it like a game will probably be a benefit as it takes a lot of the emotion out of things which is what normally fucks people up.

Oh trust me, I get the calls at work all day!  "Did you see what happened today?, I think I should get out".  Now I have to come to the rescue and talk them off the bridge.  It's my job to be right and make the right call to protect their investment.  When I was talking to this kid and he told me he lost $10K a few times so far and shrugged it off like it was no big deal and used the words "I'll get it back", that's when I got scared.  What happened to invest what you can afford to loose?  Can he afford not to go to college if he looses it all?  Maybe he can, not everyone needs college or maybe life will get it's hands on him and he will end up not where he thought.