Quote from: iGotSpots on January 23, 2015, 04:57:51 PM

Quote from: foolio on January 23, 2015, 04:55:08 PM

Quote from: iGotSpots on January 23, 2015, 04:31:33 PM

Quote from: foolio on January 23, 2015, 04:19:53 PM

Quote from: vegasguy on January 23, 2015, 03:13:26 PM

Im trying to word this right without sounding egotistical, but it needs to be said. When small wallet holders dump cheap to "make a few bucks", it hurts everyone in the coin, and it devistates those at the top that have risked thousands and thousands of dollars. Please if your just here to make a few bucks a day to suppliment your fixed income, please dump and be done, this coin is not for you. Im going to say this gently,"go in hard or GTFO".

Vegas

Small wallet holder here.

I buy when I think it's cheap, and I sell when I want to take profit or think I can buy it back later for cheaper. I will never make or avoid trades for the purpose of not devastating larger holders. I trade for my personal profit, playing the swings, without the slightest consideration to protect the questionable investments of larger players, or anyone else for that matter, which if large holders are "devastated" by small wallet dumpers, then the investment is definitely questionable in my opinion. Risking thousands of dollars that you would be "devastated" to lose, is idiotic in my book, and I'm not in the business of making futile efforts toward protecting idiotic investments of other people.

The sentiment that people should make trading decisions based on protecting other people's interest is ludicrous. Trading is a competitive activity, like poker... with everyone looking to make profit for themselves, more or less at the expense of some other traders.

I started out buying 1 MMXIV coin. I sold it for double what I paid, then bought 2x as much when the price came back down. I've done that several times over, earning back my original investment in BTC, plus I now have over 7 coins that are "freeriding", most of which are for sale at over 0.07 on the book, but I would sell them at any cheaper price if I became convinced it was in MY best interest to do so.

Zero fucks given whether this coin is "for me" or "not for me" or who it's "targeted for". I will continue to trade and sell at whatever prices I think are most profitable FOR ME... just like everyone else, probably including yourself.

umad bro? Cheesy

We aren't really talking to people who are trading $20 bills. The big holders staking 50 a day and instead of compounding and using the coin properly like Fred does are the ones fucking it up

Piddly day trades are better for big holders, too. People not staking coins and leaving them on exchange increases our holdings, percentage-wise, since 5.5% daily (compounding) stake will always > network inflation

Hey, if my piddly trading activity is helping others is some way, that's awesome by me. But my point is that it's not a good idea to invest heavily when the success of your investment relies on other people to behave altruistically, and it seems quite silly to me to implore people to do so.

You must always expect that people are going to act in their own self interest, often stupidly to their own detriment, but regardless, it's pointless to ask them to do otherwise out of concern for others... at least when it comes to trading.

There's a difference between asking people not to trade and showing them the math on how they can make more by staking

Agreed.

Explaining to people why it's not profitable for them to sell and why it's in their interest to hold/stake/compound is going to carry much more appeal than asking them not to sell because large investors will be devastated if they do so.

foolio

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