Posts

Market Shaming as Stakeholders Sell (and the Inverse Perspective)

avatar of @thoughts-in-time
25
@thoughts-in-time
·
0 views
·
8 min read

DIAMOND HANDS are all the rage as of late, as it's the newest form of a glamorized way to HODLE. They're both the same thing at the core of the matter. The former gasses people up not to sell, and the latter reinforces the notion of holding the line. I love these two combinations of words (and word), not as financial advice but as memes in general. They are both positive and loaded with optimism!

If we're talking about bitcoin and many other cryptos with staying power, the chances are that if you hodle (or use those diamond hands) for long enough and resist the urge to react to the market dips, you can find a chance to sell on the upswing. Bear in mind, however, if you get too greedy; You might have to wait for a very long time to get out ahead, or for that matter, break even.

Now let's talk a bit about market-shaming-the-paper-handed folks for getting their tendies, yoloing, or buying beer. I don't know. I'm just using borrowed words for a phenomenon that might not have a proper HIVE name yet. Trust me when I say; I didn't want to use the term SHAMING in the title of this post, but I did so for lack of anything else to define it. If you can stick with me here, I'm getting to the point, the magickal paradigm shift that not only allows you to stop doing that but also permits other people to stop VIRTUE SIGNALING how wonderful they are.

Face it, you've done it, I've done it, and it's fucking exhausting. Oh please, Ladies and Gentlemen, and however else you might identify in a world Chock-full of silly labels that we can call ourselves. Please understand and respect my merit as an [insert coin name] holder. I haven't sold any [insert coin name] for the last seven months. I'm doing this because


GTFO of here with that noise—it's cheugy!


If you want to know what cool is, it's comprehending how and why markets work the way they do. Let's take HIVE as an example. There's a distinct feeling that I get around here that we have this tendency to demonize people when they sell to the market. I want to take the time to point out why this kind of behavior is full-retard and why it won't win you an Oscar from the Academy. Market activity is the best thing for a burgeoning crypto ecosphere and atmosphere, and the notion that it's not, well, that turns reality on its fucking head now, doesn't it?

Oh, look at this guy. He's trading his HIVE for money. He might have a life to live or something. Maybe he's going to buy beer. That sonofabitch, I want beer, but I'm a good person, I don't sell. Why I'd never sell, I have the diamond hands. I'll hodle this shit to the moon without a protective suit in the blood-boiling vacuum of space! And when I get there, I'll scream to the top of my lungs in an excited and victorious ululation. Then, and only then, you'll know how virtuous I am. Once I've proven this to everyone, all those who've suffered hearing me drone on about how good I am, that's when they can watch me sell!

So, let's get down to demystifying this concept for the hard-of-thinking. Imagine the world of crypto as a bountiful marketplace, a veritable smorgasbord of opportunity for both buyers and sellers alike. The buyers come there because they want to buy, and the sellers go there because they want to sell. Aside from tampering, trickery, and various other shenanigans that can happen in a marketplace, the market is one of humankind's best and most natural inventions.

Markets are so damn good that if you eliminated them overnight, they'd immediately start to grow back into existence for the good of everyone involved. When John buys peaches from Jane, it is because Jane's peaches, they're looking pretty damn good, and the price is right. John goes home happy and can make his peach crumble pie, and Jane gets some cash in her pockets, and she can go and buy the items she wants for her dinner.

Now compare this market to the 'Dead Cat Bounce' cardboard popup in the alleyway. Joe is a hobo, and he can't afford to get a business license. Even if he could, he's pretty sure that selling alley cat meat is illegal in every state, but he makes poor life decisions, and selling cat meat won't be the last of them. Because he lives in the land of the free—Joe gets little to no market activity at all, and this is because Americans generally do not eat cats, and many are trending away from meat in general.

What does slow market action mean for Joe's business? I'll tell you what it means; It's a death knell, it means his business is DOA and that he'd better start looking for a product that fits his market. Granted, if Joe lived in Malaysia, then perhaps he would have had more success in his venture. So where, might you ask am I going with this ridiculous tale of mooning without a spacesuit, peaches, cat meat, and more?

We have this wonderful invention, the marketplace, but we're so oblivious to it that we don't pay it the reverence it deserves. When a stakeholder successfully sells HIVE or whatnot, this doesn't extract any value from the blockchain. The coins didn't leave the ecosystem. They only happily moved from the account (a.) to account (b.), and I say "happily" because if either the buyer or seller were unhappy with the trade, they should not have made it. Market activity and successful trading like the one mentioned are what animates the market giving it value.

If it's not 100% clear to you why this is the case, imagine the fit everyone pitched when Ned sold his stake off-market to Justin. That caused a lot of people to lose their shit, saying they would have been fine if he sold it in the market because that would have not only provided a tonne of market activity, but it would have given a lot of people the opportunity to buy up the cheaper Steem. Retrospectively viewing the matter, had it gotten sold via that route. There is less a chance he could have pulled off the hostile takeover that caused the chain to split in the first place.

Some of the same people who complained when Ned didn't sell via regular avenues accuse people of an unmeritorious extraction of value from the chain when they sell to the market. They call this "leeching." I want to say that this is a truly ridiculous way of looking at things. One stakeholder gets out a little, and another one gets in a little. That's all that's happening. It gets projected on the graphs almost like a heartbeat pattern is shown on an EKG machine, and it is the PoL (PROOF OF LIFE), especially for our tokens which can never leave the chain.

Let me tell you what you don't want. You don't want people not buying and selling your crypto as they see fit. I say this because when that happens, you're dead in the water. One might as well be slinging cat meat in the nifty fifty. It's not going to happen. If, for whatever reason, this massive wall of text didn't change your mind about the merit of market activity and competition in the market space, then please see the videos below for further elucidation on the matter.


I, Pencil: The Movie


VIDEO: YouTube.com/user/IPencilMovie/videos

Why Communist Economies Fail


VIDEO: YouTube.com/c/LibertarianismDotOrg/videos

Essential Hayek: Knowledge and Prices


VIDEO: YouTube.com/user/FraserInstitute/videos

Disrupting the Health Care Industry: Choice Through Competition


VIDEO: YouTube.com/c/Policyed/videos

If it didn't sound like I was coming off a little bit like a dick in the language of this post, then you probably read it wrong. I jest though, I was doing the vacant virtue signaling thing too, and then suddenly reality dawned on me, and I'm stopping it today. I hope I no longer have to see people troll their fellow stakeholders with this garbage market shaming or nonsense talk about "leeching." It doesn't exist.


A Timey Wimey, Whimsical Rhyme-See?


People are doing whatever they got to do in the best interest of running their lives, and a 'successful market trade' always adds a blip to the heartbeat of HIVE; As a matter of fact, this proves that we're still alive! Again, the stake is not a lie, but it might be a peach crumble pie. That said, I don't care who you are, why you read this far, or why you plan on selling your stake, and this is because you don't have to virtue-signal one iota for my sake. So mote it be.


Yes. This article got written in such a way—as to offend your senses. You see, I want to challenge some of the preconceived notions which got thrust upon many people here. We've created an atmosphere that tries to guilt and discourage people from selling their stake when they see fit. However, whose business is that? Try and imagine how creepy that could come off from a new investor's standpoint.

So someone sees the platform, and they're like, wow, this is interesting! Look at all the content people are making. There's a massive character limit and virtually no censorship by comparison to Twatbook book and Flitter. So imagine this guy or gal, all bright-eyed and bushy-tailed, buys up some of our coins and powers it up to do the curation thing. Then something happens months down the line, and perhaps they have to power some down to deal with [INSERT LIFE EVENT].

The next thing you know, you're getting called a leecher, paper hands, greedy, and other ad hominems by the ubervirtuous HIVERS. Yes, the very same people who; If they took a hard look at themselves, have probably been doing the same god damn thing that you did under [INSERT DIFFERENT EXCUSE,] which makes them a-okay because nobody challenged them on it. Let's not turn this place into a prison camp (or cult) where investors come to die on the inside.

That's no fun. It'll never help to promote word of mouth or rampant and wild speculation. I don't know about you all, but I'd like to see lively action on this platform. Market action all day, and every day, is better than no market action at all, and that's the kind of thing that will generate the buzz we so desperately need. Let the stakeholders come and go as they please, whether it be through investment or divestment.

NO PRESSURE AT ALL! We want as many people to join the HIVE for as long as they feel comfortable doing so. Come on in, have a seat, let's shoot the shit. Do you want to see our dApps? Our dApps are the buzz in Betty's bonnet, and she's one of our best coders! If you haven't yet, check out BETTYSWORLD.IO. Now, this kind of attitude is very stakeholder-oriented without all the nastiness.

This kind of 'can-do' attitude is so much better for creating a conducive and friendly HIVE-like atmosphere (for the HIVE) instead of rolling out the yellow flypaper after someone either buys a bit of stake or sells stake they've earned for adding value to the platform.

Somewhere along the line, we've lost touch with the notion that the customer is always right. And since we're all customers, we ought to treat each other well and good for the greater good of a habitable and sustainable hive atmosphere that potential stakeholders might look to as a shining jewel of vibrant potential and opportunity. Agree or disagree? Let me know in the comments below.


Thanks for stopping bye! What is a @logiczombie?