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Tmoneybags
FoxDen Hall of Famer
Registered: Sep 2007
Posts: 2882
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This guy has been with oneseason since day 3
Hope this helps guys.
THE BAD
Today, many of you experienced your first crash on OneSeason (no ****). Now, I've been with OneSeason since day 3. For those of you who don't know, this is OneSeason's second market crash. I remember just over two weeks ago, I literally said to myself, "**** it, I'm not going to touch this site for a week, let it rot". That crash is nickles and dimes compared to what we're seeing now. Anyone who goes to the trading page on OneSeason and opens up the market graph and displays 1 month, they'd see a small dip that occurred in the graph after the first few days. It may seem like that's so small, but back then there wasn't even 1 million dollars in the market. It was huge.
So, there are several varying opinions floating around. I've been around the past few days trolling these boards like it's the only thing I live for. First off I want to address fears people may have:
- The system is crashing, the market is failing
- This whole site is a scandal/pyramid scam! We are all being duped (I call this the Bubbapup syndrome)
- All the big guys are liquidating and going home big.
- Not enough people are joining.
I just want to say, these are all rational fears. Don't feel singled out, even people who are laughing about this, like myself, have doubts. However, I'm not writing this to tell you what you already know.
Let's go over some simple ideas and facts:
- For every up there is a down. If I remember correctly, there was a song related to this in the Disney movie, "The sword in the stone". The market is in a deep valley at the moment. To be honest, I expected this, not so soon, but I was waiting for it. Not to this extent, but I knew some sort of crash was due, over due.
- No market in existence can safely double every other day. I mean, on Friday we saw EVERY SOI double. Did no one understand the implications of that, or did we get to greedy?
- This market is solely driven on the people. WE control the market. Honestly, it would make no difference whether AIRJ or KOBE was Fairy Dust or Unicorns. They are "Synthetic Owner Interests". For every share you own, and don't get me wrong each share you own is YOUR property, all you really have is a handful of kilobytes on a server that needs a lot of upgrading. Don't let this be a discouraging, just understand it.
- This site is run and hosted to be as a "game". Not a gambling site, not a bank, not a money-making machine, a "game". Hence the $2500 limitations on that. Just keep that in mind.
- Remember when the servers sucked? Oh, wait. They still do...Keep reading, I'll tell you why.
These are simple numbers and facts I wanted to point out before I even begin to discuss OneSeason. I feel like with these thoughts in mind, much of what I say will make much more sense.
First things first, when we saw the 14 days of growth, it was VERY MUCH exponential. Every media company and their mothers put out an article on OneSeason. So within a week, the number of users on OneSeason doubled daily. I can tell you right now, Sroka was NOT prepared for this. The fact that this site is still running decent enough for the volume that occurred a few days ago still blows my mind. They probably had a tech-project plan, if you will, designed to increase server capacity based on projections. Well...clearly they learned they couldn't project the capacity of their own site worth a damn.
I wanted to immediately vent about the servers because that has been a reoccurring issue that needs to be handled. I don't think it's hurting the market as bad as everyone makes it out to be, but it sure as hell doesn't help.
Let's start with the concept of OneSeason. As stated previously, it is a game. A LOT of people forget that. Yeah, we were making large dollars off of it, but at the end of the day the $2500 deposit limit is there, and we're trading a bunch of virtual baseball cards around. This idea is still unsettling for many people. Combine this with rocky servers based on a poor tech-project plan and suddenly you have a lot of people who want to away winners. I honestly believe a lot of people cashed out a lot of their blue chips in the past couple days. Don't let this scare you.
People are panic-selling right now, which is very much obvious. Let them. Let them cash out, let them dump off their shares. Honestly, if the market is going to crash this badly, let's see it crash a little bit more, encourage me to deposit more money and buy 3 SOIs per $10 instead of 2.
The Good
If you've made it this far into the post, you obviously have a lot of faith in OneSeason, me, or just skimmed the top and wanted nothing to do with what's bad. As the saying goes, "What's Good?"
- Anyone who has free cash needs to spend it immediately. Anyone who can afford to deposit money should deposit money, take that free cash, and spend it. With prices so low, and red across the board I see nothing but opportunity. Call me delusional, sell your shares at $5/soi. As a matter of a fact, I'll buy them.
- A market crash helps no one, but the BUYERS. OneSeason makes 1% commission from the buyer and seller per trade. It is not beneficial for anyone but the buyer for shares to be traded low. I bet Sroka was loving having the market double daily. I projected on some days that OneSeason was making $10,000/day on SOIs alone, that doesn't include traded IPOs, or the interests from our deposited funds. There is NO reason why they'd want the market to crash, so get those thoughts out of your head.
- This crash will hit the floor Thursday morning latest, Wednesday evening at the earliest. We will see the prices gradually improve for what I assume will be a week. That is an estimate I'm using based on the last market crash, the period of time it took for the market to crash Tuesday (fast and furiously), and a mere guess based on how low people will let these SOIs go before people realize that selling this low is stupid. The only direction you can go once you're rock bottom is up.
- This is an opportunity to rid the morons off the market. Really, these are the same people who accidentally sell 20 shares at $5 than 5 shares at $20. Great for buyers, but in general, these people hurt the market in the long run.
- Markets need consistency to be efficient. To see weekly swings where the market is hitting polar opposites is just bad. I would much rather endure a month of +10-15% gains than go through 2 weeks of +60% gains and 1 week of major losses. I have a headache right now, and as it is we're all addicted to seeing our accounts go up by the hundreds every minute, now we're all suffering from losing hundreds by the minute. This kind of stress could turn the other half of us into alcoholics.
-Sroka estimated that there will be 3 million users on the site in 2-3 years. We have 20,000-30,000 years now. Can we say long term? If you're here for a quick buck you've invested your interests incorrectly.
- This market is completely controlled by the people. Remember that.
My Advice
Hold. Buy. Hold and Buy. Buy and Hold. Deposit and Buy. Bottom line, buy. And wait. I personally think anyone who sells ANYTHING right now is dumb. If possible, I'd like to see tomorrow go through without ANY OSN member making a sale. Buy all day, please. Just don't sell, for the love of god, allah, or marijuana.
I tried to cover as much as I could. I know things don't look good right now, but you have to have faith in the system. Everyone who was here for the first crash went through the first grind and went through the same skepticism most people are enduring now. It's easier said than done, especially when money is involved. If I didn't think it was in your best interests to stay with it I'd suggest cashing out. The Nation is here for you and we are all here together. Let's take command of the market we've vested in (That doesn't mean to manipulate the market). I'm simply implying we push ALL prices higher by creating more demand.
"It's never the end of the world. It's already tomorrow in Australia."
-Charles M. Schult
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10-29-08 06:15 AM |
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