RE: Against DCC means against HIVE !

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RE: Against DCC means against HIVE !

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trostparadox in LeoFinance • 3 years ago

The problem isn't the BUY offer per se, the 'problem' (for you and for the coin's valuation) is that @scholaris.pob was willing to sell at that price:

If there had been a higher BUY offer in place when @scholaris.pob sold, then the 'market' price would show higher.

It would appear that @scholaris.pob viewed the tokens as worthless and wanted to get them out of his wallet, so he sold them all at the 'market' rate. You could set up your own BUY order at a higher threshold, to buy tokens back from those you airdropped them to, if you want.

With such low liquidity the 'market' price displayed by Hive-Engine is pretty much a meaningless number.

3 years ago in LeoFinance by trostparadox

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clixmoney 3 years ago

@scholaris.pob sold with 0.04 hive. That price was there for a long time. I think if the token will be only for tipping, the liquidity is good if you mean by that total supply. And even if I'll create a tribe, the earning from posts will be limited to 1 or 10 dcc. I thought about that idea, I think once @vempromundo wrote about that as well.

Anyway, I'm new to all this. The most interesting that I learned that only for $25 a token could be created with very high market cap, one developer even told me that all tokens will go to 0 for a long time because it's free money. So, maybe even the liquidity will not save the situation for any token created. But, I'm not sure, it's just my conclusion depending on what I know.

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trostparadox 3 years ago

He sold 100 at 0.04 (and received 4 HIVE for that transaction) but he also sold 650 at 0.00000001, and received 0.00006 HIVE for that transaction.

By 'liquidity' I am referring to the small number of tokens available to buy or sell. If just one person decides to sell and there is no BUY wall (as was the case when @scholaris.pob decided to sell) then the price will go to zero, if that person is willing to sell at whatever price he/she can get.

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clixmoney 3 years ago

I noticed as well another thing. I had there a sell order for 1 hive each. It was 10k when I put it there and it turned to about 9700 or something like that. It was canceled automatically. I don't know if they have limits for orders to stay there, or what exactly happened there. Maybe a bug or something, but that order was there for almost a month or more. So, I've seen others putting orders for 0.8 and 0.9 and they are still there. I told myself, let them sell to enjoy that money. That's why I didn't ask developers about the situation. I don't know if you know something about that or no. Could they cancel orders automatically ?

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trostparadox 3 years ago

I believe Hive-Engine puts time limits on BUY and SELL orders (i.e. they automatically expire after a certain amount of time -- I'm not sure how long that is, a couple weeks, I think).

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scholaris.pob 3 years ago

I was granted an airdrop by clixmoney and I appreciated it. I saw value in the token and saw that I could gain some Hive to consolidate to other tokens. Please keep me out of the drama for the sale of 800 DCC I was gifted.

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trostparadox 3 years ago

Sorry, I didn't see it as drama. You sold 650 tokens for 0.0006 HIVE and that was the reason for Hive-Engine 'interpreting' the market value as zero. I was just trying to help clixmoney understand that it was that transaction that caused Hive-Engine to assign the value it did, rather than the BUY order itself, and to explain how to keep that from happening again (i.e. by placing his own BUY wall).

I should have not tried to interpret the rationale behind your transaction, sorry.

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scholaris.pob 3 years ago

No worries. I've been try to get ahead of things since the last POB event. No need to apologize.

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clixmoney 3 years ago

Can you give me the link to read about that event, please ? I'm a bit away, and I would like to read about that to be aware. Maybe a link, or hint, please ? I will not mention you !

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scholaris.pob 3 years ago

Sure thing. It will take me a bit to dig it up.

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clixmoney 3 years ago

It's ok, I get it now. No need for links, it will tag some people, I understand everything from the discord. Thanks. ☺

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clixmoney 3 years ago

There is no drama. You have the right to do with your tokens what ever you want. I wasn't talking about you at all in the post. I know that you are the good guy here. ☺

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