Quote from: joebob999 on October 23, 2014, 07:20:47 PM

why does it make sense to "defend" if the goal is new users?

If the existing owners do not believe the coin is worth anything, it IS not worth anything, and it makes no reason for anyone to buy. Markets speak what the value is. Both existing and coming owners collectively form the market.

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some people are more likely to buy at 135 (value driven) and some people are more likely to buy at 600 (hype driven). you want to attract both types ... why artificially set ANY price if ur goal is adoption?

I had to postpone proposing Monero to my investment newsletter (people who are collectively worth 100s of million$). The reason is that it is too small at present, and liquidity is so weak that even a 10,000 investment (a minimum for the midrange of my clients) would move the price 30% (as is the case right now as we speak).

To make Monero a realistic alternative for serious investors, it needs to be bigger. We therefore have to sacrifice the wishes of those that want to buy at 135, it will never come. (Not that I believed those people would have the balls nor the $$ to invest anyway...)

600 is not at all hype, Monero is a binary bet for exactly zero, or at least 5% of BTC's marketcap (5000 ksat/XMR).

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don't you think your money would be better spent "defending" after a massive surge pushing it down to new lows? there are TONS of coins hitting the market every day (one days worth = a MASSIVE selloff)

What I think can be seen in my actions.