Hey guys, I have an interesting question, don't know why I didn't thought about it earlier. We have supply of 1 000 000 coins and a lot of holders. Who are we buying from? For example I'm not going to sell my coins unless the price is measured in thousands.
So right now (as I understand) we're buying from markets, which some of guys sell to. But if we (holders) buy every single coin and stop selling, the price will increase drastically, because we will create deficit and no one will be able to buy a single MM but on our conditions.
So what I suggest is to participate in buying our coins off market. It should be done in waves. Let's imagine, we (a hundred pals) agreed to buy some more coins at the same time tomorrow. We do it -> price go up -> some of this hundred sell instantly to gain the profit, but part of the coins are in our hands. So we repeat this "wave of buying" until we (true holders) have all the coins in our hand. Now we can control the future. What do you say?
If enough people buy and hold the price must go up eventually. But there is no need to try and force it. That can and probably only will backfire. Better to let it all happen organically.
And to the dude with the crazy conspiracy theories. No TL and Kelly are not manipulating the price, blaming others is just a poor excuse to not have to accept that the market just moves the way the market moves.
@Wiwy I understand it. It's just ironic that everyone is waiting for "something" to happen, so they wake up tomorrow as a millioners. Instead we could theoretically become ones in a month or so. By doing.
Waves of buying will get attention and more people. It will be much more efficient way than writing "Million token something" in the Twitter profile header.
@RomanistHere it is a very interesting question, maybe we should let Techlead answer this personally. I mean it WSB can do it on Reddit for GMC... I mean it is only 1 million MM out there, we could possibly send it to the moon of Jupiter in a day.
We can still buy when price is low to get bigger MM holding.
But trying to force buy it up would be expensive because price would indeed start going up, and we would pay the high prices instead of letting the ones that comes after us pay it.
And any dumper can take advantage of our efforts and make us actually lose a ton of money.
Its very risky, and more costly than just patiently buying the dips.
@Wiwy sounds totally reasonable, however the thought itself, that if we, community, agreed on some terms and made a few ways of buying, all of us would be much more wealthier - this thought makes me think how much of the possibilities there are and how little we, humans, actually execute.
@Wiwy you trust in others. You can buy low, but every time you buy "low" there is no guarantee that this low is not the max price from now on. It will be organic. There are hundred of examples somewhere there.
There is not much difference in your way from playing in casino. You count something, plan to invest, track your moves and learn from it - but it's all up to luck (or casino) in the end.
@RomanistHere I am not a fan of group buys as you propose. But it is a free market and anyone can do whatever they want.
I make consistent passive buys of MillionToken each week every Tuesday and HODL. If folks want to sell, that is their business as they can sell. My passive buys come from trading my Quick tokens from the 300% APY pool over to MM tokens each week. I keep it simple. No emotions whatsoever. Not financial advice.
It's a risk yeah. The most important thing is to be able to afford to lose, so if that base is covered you can sail through any bear market really.
Also the more price goes down, the closer it gets to the artificial bottom, the $1 price range peg, and the less you risk to lose from future price crashes. (Assuming that TL dont remove the peg)
@RomanistHere I’m all for a pump group since I’m pretty sure there is a TG pump and dump group with traders like “uponlymillion” who manipulate the price. We need more pump groups to battle the
Dump groups
Hello everyone :) all of the cryptos are selling off, and the space might be cold until a true bottom is found, or the 2024 halving cycle. However, as an early holder of bitcoin that got scared and panicked when it was 300 dollars a token and I had 10 of them, I regret ever selling. This space goes up and down forever, but the fact that this coin and leash token have smaller supplies than most is why I focus on these two. We could buy every day at noon eastern us time, and start driving the price up, if patience and true growth isn’t what people are really here for, but I’m holding 250 coins at 24 dollar entry point for the long run. Unless tech lead quits working on this, we are just victims to the space. But there will be euphoria again in crypto. So relax and enjoy the ride.
