Possible to add a !sell command to sell prior to 4 hours?

[KerishLotan]

No description provided.

[rickles42]

@KerishLotan Thanks for the suggestion! Can you explain why this feature would be useful to you? Memes almost never lose upvotes after you invest in them, so selling early (and evaluating your investment early) can only cause you to lose more money than if you didn't !sell.

The only benefit of !sell that I can think of is that if the investor can tell that a meme was a dud and isn't going anywhere, !sell lets the investor pull their money out early (at a loss) and invest it elsewhere.

I rather like the idea that making an investment is committing your money for a significant length of time. So I'm leaning against the idea of making it easy for investors to jump from investment to investment.

[rbaldwinuk]

I would also like to see this. The whole thing is a great bit of fun but when you go all in and the meme hits its upvote ceiling early on then you're locked out until the 4-hour limit is up, which takes the fun out of it a little. Maybe a arbitrary fee (i.e. 20%) could be applied for cashing out before maturity to deincentivise repeated use.

[ShivanshuKantPrasad]

The way your formula works after a certain point there is no more returns on more upvotes.
At the same time you are very likely to see a new meme rise. So if you remove the money from the old meme and apply it to a new meme, you are very likely to get a lot more profit.

[ghost]

An advantage of !sell would be the ability to divert coins to a different investment. Say you go all in on something and it has partially matured with a 30% gain. You don’t think it will go much higher. You can use !sell to pull out of that investment (maybe with a slight fee) to invest in something else.

[timendum]

We implemented this in /r/BancaDelMeme (an italian version of MemeEconomy).

Source https://github.com/timendum/BancaDelMeme/blob/80cb36c47e01dbdeca6ba9808fa1a5d0f72f9088/src/comment_worker.py#L1046

We also introduced a little fee while selling: the original invested mem€coin is reduced by 1%-25% depending proportionally on how much time is eroded.
So if you invest 1000 and then !sell, the investments is evaluated as if you invested 750.
If you sell after 3 hours (1 hour before the ending), the investment will be reduced to 938.

Keep in mind that we have a longer investment period (24 hours) so this is used to re-gain your money sooner, so you can invest in another meme.

[Keanu73]

The stocks and shares update will pretty much invalidate this and have some sort of selling/buying system.

[thecsw]

@Keanu73 it will be closed when stocks are merged