This is mostly the same thing I wrote in the “Fight The ETN Dump Club Round 2!” thread but I felt this will just get lost forever in there since there are so many people talking in that thread. In contrary to how my post ended over there, here I will also try to get in to the specifics.
I might get some bad reputation saying this here but I think I need to nonetheless.
I see a lot of people talking about black whales and other mystical creatures such as malicius trading bots. Please try to remember that they are fundamentally just people trying to cash out for a reason x. If there are more sellers then the price will come down. If there are more buyers the price will go up. Now who do I think are the sellers then? Miners. Chinese miners that do not know the value of the coin and are just trying to get their ROI on their ASIC investments. There are 7 million ETN coins mined everyday. Once we have constant need for 14million+ coins daily in the developing countries the price will start to climb since the miners dumbing is not relevant any longer. Untill then it is up to us investors to buy those 7mil ETN per day to keep up the price
Where did I get the 7million coins mined everyday? 2min blocktime with around 10k block reward. If you like more numbers, check out my other post “Electroneum economics”.
Now are there other aspects influencing the price other than miners and investors? Definitely yes, ICO investors, people biting in to the fear uncertainty and doubt, people who invested too much and need to get fiat. And on the other side: people that are just learning about ETN, people “FOMOing” in on the news, people telling about ETN to their friends and ultimately the people in the developing countries adopting ETN as part of their life.
So do I believe there are bot’s doing some work to lower the price? Probably yes, but I would like to believe they are just the miners trying to get everything they can out of the coins they have mined. Also arbitrage bots are higly likely to be part of the market.
That is all from me for now. But I would like to discuss more in the comments if I left some stones unturned
The reason why I chose 14mil+ demand, is that you need more demand than the miners mine. Since there is probably some pent up sell pressure from people that just want to sell when the price gets just a little bit higher.
You forgot 2 zeroes from those numbers but in my opinion that is basicly how it goes. But That should not be confused with market volume since there is so much wash trading going on to for different reasons. That is what we need the true demand to be to achieve price accumulation.
First of All, thanks for opening this thread. Its headline smells a little bit “fuddy” , but i’m looking forward to good discussions and critical thoughts. Cause imo this is very important to come to right conclusions and decisions, leading in the end to less fud.
As you already said in another thread, some people think every thoughts sounding critical are fud, that is definitely not healthy,not for the community and not for the coin.
Thank you for your kind words! And yeah, the journalist in me wanted to make the headline something that would bring out emotions. My goal was to get people to read my post and after reading it get positively surprised by its contents
Are there anyone with the rights to remove posts?
I would like to remove all the back and forth that is not relevant to the topic in this thread. Including my own posts that do not contribute to the main topic.
Please @ people to this thread that have such rights. If possible I would like to get such rights for myself in this thread since I created it and would like to police its contents*.
*Of course not to sensor anyone that has different opinion than my own, but to make this thread more clear to read without posts that are not relevant to the main topic @Rach , Sorry Rachel you were the only one I could think of @MSystem , Do you have such privileges?
If you have something that causes fear uncertainty and doubt in ETN I would definitely like to know about it in here. But you need to have actual evidence. Fake news and rumours are not evidence.
Please just stop, this is not the place for personal fights. Stay on the topic in here. Personal message each other if you need to chat. If you do not know how to send a personal message to someone this is how you do it:
press their profile picture or name.
select send personal message
write the message
send the message
discuss the problems you have in that chat.
Thank you
Now that the personal discussion is gone, this is just a reminder for people what to do when you get the need to talk personal stuff with someone
This can be a great thread if it is not a chit chat and can be done backed with facts.
Empty block have been a subject that is taken negative, but i am not so sure that it actually is to negative but correct me if i am wrong. Empty block can and will occur when miner don’t want to include transaction and there is a mismatch between ho won the block reward?
boot trading dont need to be negative because they make room for more sale and buy orders so it can be easy to get the trades go thru.
About the Chinese i think they do a great job and i think there are other views that make people talking them down, i hope we can keep that type of politics out of the forum for it tends to exclude people and i think we all want to include people.
Black wahls i have explain my question about that earlier, so i drop that. But about selling ETN, I have a buy plan and a sell plan and i even got a tread plan and i think that is the correct way of approach an investment. Som might buy ETN without a plan and buy it like a lottery ticket, and that might go wrong. Miners that dump ETN are good for us and keep the coin works so it is no need for us to talk them down because they have their business plan and react to the market and do their thing the way that suits them well and good for them and us.
Makes you think just how little demand we actually need to get the price going up 
, but i’m looking forward to good discussions and critical thoughts. Cause imo this is very important to come to right conclusions and decisions, leading in the end to less fud.
