Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
palawan
on 29/11/2014, 02:41:07 UTC
deleted...

I do not feel bad for you, since you appear to be fine with the situation, however others are not.  I feel content that you are content with your situation, though dismayed that you do not see the bigger picture.

I have however reduced confidence in this project succeeding when I see that a user is driven away because of practices that appear to create information asymmetries which favor people that have closer ties within a network (he called them "insiders" - don't confuse that with the SEC term)....

I respectfully disagree with you but I do hope you continue to be a supporter/investor of XCP...  Price (of XCP) is not the only reason for this project to succeed (or fail).  Execution is more important.  So many good things going for XCP...

Booms and busts happen in all markets and times.  Tulip mania.  dotcom stocks.  Real estate bubble.  There are big risks and big rewards in wild ups and downs.  If I want a stable (in price investment); I'd probably invest in a good company that pays a dividend such as MO (Altria group).

May I suggest a book to you (if you haven't already read it)?  Reminiscences of a Stock Operator (by Jesse Livermore).

It's a good read and discusses some of the things you mentioned (i.e. accumulation and distribution phase).  I'm a fundamentals type of investor, but some people like to study the charts to see when big price movements are going to happen.  Dennis Richard built a fortune utilizing Technical Analysis (charts)