BA "I hope you dont put your money in Tally if downloads are under 1000."
If you search for "Tally" on either the android app store or google web search it doesn't come up... you need to search "TallyMoney" for a result... they need to make sure it is easy to find if they are going to get the numbers above a few hundred (I suspect most the current users are Lionsgold shareholders plus a few family/friends who have actively sought it out)... if someone hears about Tally and is interested it has to come near the top in a search for "Tally" imho - this is basic SEO (Search Engine Optimisation) and otherwise looks poor/amateurish.
Folk who are currently using Tally are understandably delighted by the gains due to a rise in gold... interested to know how it would affect sentiment to see a similar fall & consequential loss - would they stick with it or withdraw their funds until the next rise?
The thing which I find most concerning is the bit in the terms & conditions that states that Tally Ltd remain the legal owners of the gold and hold it on behalf of customers... this seems to undermine the whole idea of Tally which is that it is simply an intermediary allowing customers to actually own physical gold rather than a string of ones & zeros that represent it.... there seems to be very little, if any, protection if Tally were to disappear & I'm not to sure CP's 'word for it' is much comfort?
I personally do not hold the 'fundamentals are everything' view as credible Pdub and my experience as a trader leads me to believe 'Market Forces' will win out every time. My posts have been sincere and to date proved reliable...
Despite the protestations of certain posters, a healthy market rises and falls regardless of fundamentals. Those invested frequently assume that the highs are 'normal' and any fall is false but it is more often the case that rapid growth in a SP is caused by short term over-enthusiasm (often creating a 'bubble' trading pattern) and the subsequent fall is simply an inevitable market correction.
I don't get the impression CP is an outright liar as such... he does seem to get carried away by (unfounded) self-confidence, but I think he genuinely believes his own bull5hit and is ironically quite sincere with his arguably delusional stated intentions.
The idea that there are a bunch of malign champagne-sipping, cigar-smoking deviants watching shares closely and conspiring to undermine PIs is ludicrous... The function of Market Making is almost entirely automated and while the computer algorithms are no doubt optimised to ensure profitability (they are a business after all), they nevertheless simply respond to market movements in order to maintain liquidity. Techniques such as widening or narrowing the spread are programmed to temporarily stimulate or subdue trading and the 'misreporting' of buys & sells is a consequence of, not the purpose for, this. They have no interest in whether the SP rises or falls so long as a healthy (liquid) market is maintained. They are heavily regulated and, while malpractice certainly exists in all areas of life, have well-established lucrative businesses which rely on proven integrity for success. In short, they're benign.
Besides no-one needs to conspire to part fools from their money - they are perfectly capable of doing that for themselves!