It was recently brought to my attention that there is drama on Bitcointalk. Some of the buyers of AGRS who read my posts which included titles like: "Last chance to get cheap Agoras (Tauchain) before the July 1st price increase" may be convinced that I had some sort of inside knowledge of how the market will play out.
- I have no inside knowledge and I have no boss. I do not work for Ohad Asor and am just a blogger stakeholder.
- I never advocated for anyone to sell or day trade AGRS and in fact warned against doing it (it's a gambler's approach).
- I consider myself a stakeholder and builder of AGRS rather than a day trader.
People who choose to day trade are in AGRS to make quick profits and get out. Long term stakeholders realize that the daily or weekly price fluctuations have nothing to do with the true value of the project. Under no circumstances do I offer any investment advice such as when to buy or sell, and merely only report information which I've read elsewhere.
It was reported that the price would be raised on July 1st because Ohad himself mentioned this. Later on it was mentioned that the sale would stop, which is even better than increasing the price whilst continuing the sale. So if you managed to get your stake earlier rather than later you may have got in at a better price and that is good. If you decided to sell your stake at a loss because you were day trading then that decision was yours alone and no one manipulated you into making that decision. If the market is being manipulated it is by day traders who don't care about the long term success of the project and who just want to profit from trading tokens but if anyone has read my posts on Tauchain/AGRS you would know I'm not day trading. If you do not wish to take a long term stakeholder view, there are other projects which are going to be much more profitable in the short term for day trading.
See a quote from one of my older blog posts:
This is not about speculating on the price because for those of us who find the utility of Tauchain and AGORAS intriguing we will have no intention of selling these tokens for BTC, ETH, or the USD any time soon if ever. AGORAS tokens can be used to build automated businesses (not all that different from DAOS/DACs but in such a way that you don't require a crowd sale or any of the risks associated with trusting programmers. With AGORAS you do not have to trust the programmer, and anyone can develop your blueprint into reality if you have enough tokens. What this means is these tokens represent a lot of productivity, and for that reason even without the potential for AI these tokens will have value if Ohad and others agree to develop in exchange for these tokens.
Update: For those who say I failed to post my disclaimer on one of my previous posts, read which has the disclaimer and for the future do not consider this post or my previous posts to be investment advice.