Quote:
Originally Posted by Vexx
The scheme is *supposed* to sound like the scheme often used with stocks that routinely sucks small investors dry.
1) Some analysts moan about a stock.
2) "Based on that" some institutional brokers sell a sufficient amount -- it triggers selling programs and other institutions also sell...price dives.
3) Then small buyers panic and sell at heavy losses.
4) Original institution scarfs up all the stocks at such a bargain that they *still* make a profit --- AND the value later returns ==the coinage can either be melted to a new coin).
Its a bit cagey... but otherwise I'd have to agree that hoarding coins *now* sounds a bit daft because they aren't exactly like stocks.
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Something like this:
1. Spread rumors about the value increasing (opposite of the first step).
2. Get merchants to hoard their currency in expectation of profit, like Zeiren.
3. Wait for it to hit the fan. Once news gets out that the value has in fact decreased, relieve the merchants of their stockpile in exchange for a strong currency.
4. Hold onto it all until it increases in value again or an exchange system is offered, in the event that currency goes extinct.
The ones hoping to make a profit aren't holding
anything now - they're waiting for the value to bottom out before swooping in.
Imagine buying a wheelbarrow full of American money with Canadian money now, while the exchange rate is nearly 1:1. If, in a decade or so, the American currency returns to its former recent value 1:1.47, buy a wheelbarrow and a half of Canadian money. Buy low, sell high.
I find it interesting that Chloe was talking to Lawrence about a good scheme only shortly before all this surfaced
