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Title: Stabilization Fund in the works & partnership confirmed! Post by: m_murfy on May 23, 2014, 07:03:11 PM Good news!
Title: Re: MaxCoin Stabilization Fund in the works & StartJOIN partnership confirmed! Post by: LeChatNoir on May 23, 2014, 08:01:20 PM Stabilization fund? Where can i find more info about this?
Title: Re: MaxCoin Stabilization Fund in the works & StartJOIN partnership confirmed! Post by: Arbitrageur on June 11, 2014, 03:36:58 PM let me have a guess: the stabilization fund will peg maxcoin at 0.6-0.65$, or 100k satoshi. in order to push the price up there the fund will probably need to buy something between 5M-10M coins (on top of the 5 M max and friends already have) at avg price of 30 cents, so top expenses to push the price up there: around 3M.
there are 25M coins around, if the market doesn't believe in this project everyone will dump every last coin at that price (so let's say the remaining 15M coins or 9M$). total cost would be around 10-12 M dollars. but it will position maxcoin in the top 10, giving visibility and potentially acceptability. it would be a big mistake to announce the peg before buying the coins on the market, cause it'll end up paying the peg price for every coin, for this reason I believe the squeeze to bring the price at target it's going to happen before any announcement. let's see what happens, it would be a very interesting experiment. I wish all the best. Title: Re: MaxCoin Stabilization Fund in the works & StartJOIN partnership confirmed! Post by: spazzdla on June 11, 2014, 03:53:04 PM humm.. perhaps I'll buy a few max this weekend.
Title: Re: MaxCoin Stabilization Fund in the works & StartJOIN partnership confirmed! Post by: LeChatNoir on June 11, 2014, 04:05:11 PM Are they gonna peg it to $ or BTC?
Title: Re: MaxCoin Stabilization Fund in the works & StartJOIN partnership confirmed! Post by: Arbitrageur on June 11, 2014, 04:31:54 PM Are they gonna peg it to $ or BTC? imo could be less expensive to peg it to the dollar (since btc will keep rising) and also more stable for the merchants. eventually if the bitcoin keeps rising they will have to move up the peg, Title: Re: MaxCoin Stabilization Fund in the works & StartJOIN partnership confirmed! Post by: Arbitrageur on June 18, 2014, 09:21:56 AM it keeps going down, at this stage I think it's going to be pretty much impossible and too expansive for any stabilization fund to peg the crapcoin, sorry, maxcoin above 50 cents, would make much more sense something around 0.15-.017, 0.17 could be the target, based on the GBPUSD exchange rate of 1.70. so basically, 10 cents of a sterlin per crapcoin, sorry again, maxcoin.
Title: Re: MaxCoin Stabilization Fund in the works & StartJOIN partnership confirmed! Post by: From Above on June 18, 2014, 09:25:48 AM Max Keiser? ROFL
~CfA~ Title: Re: MaxCoin Stabilization Fund in the works & StartJOIN partnership confirmed! Post by: LeChatNoir on June 18, 2014, 09:26:36 AM it keeps going down, at this stage I think it's going to be pretty much impossible and too expansive for any stabilization fund to peg the crapcoin, sorry, maxcoin above 50 cents, would make much more sense something around 0.15-.017, 0.17 could be the target, based on the GBPUSD exchange rate of 1.70. so basically, 10 cents of a sterlin per crapcoin, sorry again, maxcoin. They can easily accomplish that, i'm a huge maxcoin bagholder but i still believe in this project and i would not dump my coins for 17 cents only, not even for 50 cents. Title: Re: MaxCoin Stabilization Fund in the works & StartJOIN partnership confirmed! Post by: From Above on June 18, 2014, 09:28:48 AM it keeps going down, at this stage I think it's going to be pretty much impossible and too expansive for any stabilization fund to peg the crapcoin, sorry, maxcoin above 50 cents, would make much more sense something around 0.15-.017, 0.17 could be the target, based on the GBPUSD exchange rate of 1.70. so basically, 10 cents of a sterlin per crapcoin, sorry again, maxcoin. They can definitely accomplish that, i'm a huge maxcoin slave but i still believe in this project and i would not dump my coins for 17 cents only, not even for 50 cents. Why would u hold this 'coin'? Its death is imminent. ~CfA~ Title: Re: MaxCoin Stabilization Fund in the works & StartJOIN partnership confirmed! Post by: LeChatNoir on June 18, 2014, 09:39:42 AM it keeps going down, at this stage I think it's going to be pretty much impossible and too expansive for any stabilization fund to peg the crapcoin, sorry, maxcoin above 50 cents, would make much more sense something around 0.15-.017, 0.17 could be the target, based on the GBPUSD exchange rate of 1.70. so basically, 10 cents of a sterlin per crapcoin, sorry again, maxcoin. They can definitely accomplish that, i'm a huge maxcoin slave but i still believe in this project and i would not dump my coins for 17 cents only, not even for 50 cents. Why would u hold this 'coin'? Its death is imminent. ~CfA~ That's what noobs always think when the market is bottoming out. Title: Re: MaxCoin Stabilization Fund in the works & StartJOIN partnership confirmed! Post by: From Above on June 18, 2014, 10:25:37 AM it keeps going down, at this stage I think it's going to be pretty much impossible and too expansive for any stabilization fund to peg the crapcoin, sorry, maxcoin above 50 cents, would make much more sense something around 0.15-.017, 0.17 could be the target, based on the GBPUSD exchange rate of 1.70. so basically, 10 cents of a sterlin per crapcoin, sorry again, maxcoin. They can definitely accomplish that, i'm a huge maxcoin slave but i still believe in this project and i would not dump my coins for 17 cents only, not even for 50 cents. Why would u hold this 'coin'? Its death is imminent. ~CfA~ That's what noobs always think when the market is bottoming out. good luck holding ur MaxCoin! Title: Re: MaxCoin Stabilization Fund in the works & StartJOIN partnership confirmed! Post by: LeChatNoir on June 18, 2014, 11:22:13 AM it keeps going down, at this stage I think it's going to be pretty much impossible and too expansive for any stabilization fund to peg the crapcoin, sorry, maxcoin above 50 cents, would make much more sense something around 0.15-.017, 0.17 could be the target, based on the GBPUSD exchange rate of 1.70. so basically, 10 cents of a sterlin per crapcoin, sorry again, maxcoin. They can definitely accomplish that, i'm a huge maxcoin slave but i still believe in this project and i would not dump my coins for 17 cents only, not even for 50 cents. Why would u hold this 'coin'? Its death is imminent. ~CfA~ That's what noobs always think when the market is bottoming out. good luck holding ur MaxCoin! Good luck holding ur overvalued bitcoin! Title: Re: MaxCoin Stabilization Fund in the works & StartJOIN partnership confirmed! Post by: Arbitrageur on June 18, 2014, 01:53:43 PM Good luck holding ur overvalued bitcoin! lol! all these noobs act the same way: they buy alts at the top... they sell or ignore alts at the bottom while the buy btc at the top. like stealing candies from a child |