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RE: My experience with BitClout after 24 hours

in LeoFinance3 years ago (edited)

I think the hardest part for people (and possibly Hivians especially) is and will be the social money concept--- people take those buying and dumping their coin personally. People joining would be well to understand they are essentially a public corporation simulation once they have joined. And people will trade shares heartlessly. If you set your FR to 10-20 and ignore it, you will accumulate free FR. If you engage, you'll get diamonds. Most people frown upon when creators sell their own coin. But it's normal to sell diamonds you receive. When selling ones own coin, I've heard it's polite to announce the sell ahead of time to your coinholders so they can pivot if desired, and to divest slowly. Selling off (oneself or someone else) is often shamed as "rug pulling" (which it's not but that's the phrase people are using to shame others into not divesting.)

I've been there 130 days approx and in my main profile have done 6K without active trading, and another account 8k without active trading. About 1k PUT in total. But I've forgotten about the money part now. It's a nice little social network!