there is a lot of currency on the MM
ComputerSpeaker
wow, it is really interesting! the amount of currency on the monetary market 🙂
i wonder does anyone have any suggestions as to how we get people to change their mind about how good an investment currency is.
here is what people think is good, buy gold at .005 , sell gold at 230, profit 30 currency. if this happens once a year that's a 15% return.
now i get how it works, when you buy gold, say you won the lottery irl, and buy 1000 gold, at ten gold a day, you can only get 2000 currency a day. but if you go to the MM you can turn all the gold into currency in one transaction.
this is why there is so much currency tied up in the monetary markets because of platos 10 gold a day limit! and i get that it is to reduce multies and scamming but it has turned the major profit making investment now the MM. plato should allow people to buy currency at 10% of the current MM rate 🙂
this would stop the MM investments the cash would flow into the markets and prices would rise and people would be happy!
ohh well i cannot control plato.
do you have any suggestions how i can properly measure the rate of return on the MM so i can inform people if it is a good idea or a bad one. or any way i can encourage people to not invest in the MM because it is tieing up currency and causing mass deflation!
Comments
If Plato allowed offers to at least the 4th decimal place that would help fix the market. e.g. an offer of .0044 would be about 227cc per 1G
As it is now you would have to jump to .004 which would 250cc per 1G
5 decimal places would be even better
As the money market is now, anyone who needs cash should sell gold on the money market and not buy cash.