RE: A Closer Look Into Splintertalk.io (SPT)
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I noticed the price spiked with their latest announcement, nice review! It kind of escaped my attention that there was a new interface!
@tipu curate
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I dont like the current system they have to much control which will not last much longer as the control will be shifting as soon as enough tokens are acquired to push a vote through to change how it all works.
If it spiked its 100% manipulated since the mkt cap has declined so much I can change the price in what ever way i feel like as well since i have enough capital to over power the buy or sell walls which could be interesting if i can slam the price down into my own buy order and shake out ppl who panic sell which is a strategy that works well to get cheap tokens. This is a zero sum game and anyone delegating to then is losing bc of how much they take. Just think about how you can keep all your rewards or most of them and do that then if everyone does that it will force them to sell and tank the price more so you can scoop up the tokens at rock bottom prices and become the new majority holder and start it all over and you will be the one making all the money since you choked off there cash flow. You really dont need much money but i can access a few million soon so i doubt it will be much of a fight when I decide ive had enough and make a move to push them out.
You can put sell orders on the ask and push the bid up with a very small amount of money which can get interest in the token and fill your sell like a few x above where you bought it
next month possibly i may start really pushing the envelope to see who the players are and how much capital they have and then i can assess how to do what i want to with it. Same with many other coins to the bid ask spreads leave a crap load of opportunity as long as you have the capital to overpower the current whales in it and then you can do what you want and assume the role that they had by just making it not profitable for them. Its nothing they are not already doing,
I will win bc i can just keep throwing money at it until they give up and lose to much and after that is when i can recoup any losses but its a risk so im prepared to lose x amount on the attempt and it is likely more than the current group is willing to withstand