Wondering ,there will be a pump on mintpal in 12 mins who will be the lucky winner  what coin? source? |
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I just read the formula and recalculated accordingly: ((volume-of-btc/100)*0.18) / 100000000 At current rate it means (volume of BTC is 34.0044 for today) ((34.0044/100)*0.18) / 100000000 (0.340044*0.18)/100000000 0,06120792/100000000 0,0000000006120792 1 CRS = 0,0000000006120792 BTC cost of 1 CRS = 0.00001950 BTC ROI for 1 CRS (days) = 0.00001950/0.0000000006120792 = 31859 days (more than 4551 weeks or 2654 months, or 87 years). Assuming we double because the day is not over yet, this would mean 43 years of ROI. I leave it to to draw conclusions on who really is the winner here. You need to double your fees (0.36, not 0.18). There are buy and sell fees for every transaction. |
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ETA: There are currently 14,881,380 CRS for sale on cryptorush for a total of 1500 BTC. Daily volume in btc @ 25% is ~50 BTC. ROI is roughly 30 days, not bad at all IF that's the entire 25% issue. Can you give me your formula? I want to calculate if it is still interesting now. I created a spreasheet, I encourage you to fill it in: CryptoRushShares (CRS) ROII was a bit drunk when I made that post  |
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ETA: There are currently 14,881,380 CRS for sale on cryptorush for a total of 1500 BTC. Daily volume in btc @ 25% is ~50 BTC. ROI is roughly 30 days, not bad at all IF that's the entire 25% issue. Can you give me your formula? I want to calculate if it is still interesting now. I created a spreasheet, I encourage you to fill it in: CryptoRushShares (CRS) ROII wouldn't buy that shit. Cryptorush is buggy as hell and they keep the same devs. And last but not least, where is your ROI if all of a sudden the exchange is closed and they run away with the coins (like gox, coinmarket.io,...). This could be the ultimate scam: ask people to buy shares and run away with the coins of the clients. Double win. This is not so unrealistic as people behind that aren't the most honest people in the cryptoworld. My best advice is: chose a coin with a fair distribution and with a good dev who takes care of the coin and of the opinion of the people involved. There aren't that many. Of course, you do what you want with your money Aye, at current exchange volumes, 1 BTC worth of CRS at the current .00001950 BTC/CRS availability will net you a whopping $0.51 USD/0.0008 BTC per WEEK. Definitely not worth the risk of these people scooting off with my BTC Figures used: Daily volume: 256.7972004 Trading fees charged: 0.36% (0.18% on the buy side, 0.18% on the sell side) Take 25% of the above figure to find the BTC dividends to be payed out 1 BTC will buy you 51282.051 CRS, and there are a total of 100,000,000 CRS available [(256.7972004*0.0036*0.25)*(51,282.051/100,000,000)]*7 days a week = 0.0008 BTC |
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spaincoin already popped, on to the next one
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I've got my eyes open for the next coin to be whale'd (I fucking missed the blackcoin call by BTCwhale, damnit). If I time it right, I'll dump 90% of my profits into this travel fund.  You're always allowed to say the next coin , i want to know too  I'll make it a point to PM you if I find something |
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definitely missed the boat on the blackcoin shenanigans.
I went ahead and dubbed these "Aurora-pumps"
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On April 14th, one month from now. You're speculating that BC will be equal to or higher than .00001600 BTC/BC one month from now. I'm speculating that it will be lower. Really not feasible without a 3rd party, as you're trusting the opposite end of the deal to hold their end of the bargain.
Let's say on April 14th, the price is 800 satoshis. Then I would send you 1 BTC? And if the price is 2400 satoshis, you would send me 1 BTC? I'm surprised no such platform has emerged yet to support coin futures.
It would seem that such feature would give even more motivation for people to spread fud and lies. Not sure if it would be a good thing. No, you still send me 2 BTC, paying 1600 satoshis per blackcoin regardless of price. If Blackcoin is at 800 satoshis, you'd be paying 2 BTC for 1 BTC worth of blackcoin. Then again, if the price is 4800 satoshis per BC one month from now, I still have to sell you 125k BC @ 1600 satoshis. You'll get 6 BTC worth of blackcoin for 2 BTC. Never did have any takers. A futures market really would put a bullet in the head of all of this pump and dump bullshit. |
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I've got my eyes open for the next coin to be whale'd (I fucking missed the blackcoin call by BTCwhale, damnit). If I time it right, I'll dump 90% of my profits into this travel fund. |
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They add shitcoins because certain shitcoins have a shitload of volume (at the time of addition, at least). Why the fuck wouldn't you list a high volume coin? The are in business to make money, and you make money from transaction fees. Get the fuck over yourself.
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It was at ~2k last I checked. Someone spent a lot of fucking coin  or not, only 0.3 BTC in donations, and I was most of it (0.28) something strange going on here. Maybe cryptsy took a position in this coin and intends to pump it, editing the votes to make it look organic. |
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Downward trend set. This is following the same pattern as any other massive pump and dump. I'll call this the aurora pattern. |
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Some interesting news: Crypto Rush @TheCryptoRush 24 min. Huge news to share to today. We welcome our new majority shareholder @fyrstikken to CryptoRush! Official Statement http://goo.gl/fZWAAe https://cryptorush.in/documents/OfficialFyrstikkenOwnershipStatement-March142014.pdfVery interesting :
3. It shall be possible for Users of CryptoRush to buy CryptoRushShares (CRS) on
CryptoRush in a new Crypto-Stock-Market that will be available shortly today.
4. 25 % of CRS will be available to the market - 75 % will be off market, there will be a
finite number of shares, and the amount of % you own is equal to the amount of % of
the trade-fees across the exchange in return every week. You can also trade
CryptoRush-shares on the exchange. In clear text - Shareholders will make profit on
exchange-fee, withdraw-fee, and can buy and sell the shares on cryptorush the same
way as coins and stocks.Damm interesting!!!! Point Number 5  Is what's listed the entire publicly available IPO? How many total shares are there? I can't seem to locate that info. I'd beware of this. ETA: There are currently 14,881,380 CRS for sale on cryptorush for a total of 1500 BTC. Daily volume in btc @ 25% is ~50 BTC. ROI is roughly 30 days, not bad at all IF that's the entire 25% issue. |
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1359.25399407 KDC headed to the NYC fund. I'd send more but I'm a bit tapped after the mintpal vote  |
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On April 14th, one month from now. You're speculating that BC will be equal to or higher than .00001600 BTC/BC one month from now. I'm speculating that it will be lower. Really not feasible without a 3rd party, as you're trusting the opposite end of the deal to hold their end of the bargain.
Let's say on April 14th, the price is 800 satoshis. Then I would send you 1 BTC? And if the price is 2400 satoshis, you would send me 1 BTC? I'm surprised no such platform has emerged yet to support coin futures.
It would seem that such feature would give even more motivation for people to spread fud and lies. Not sure if it would be a good thing. No, you still send me 2 BTC, paying 1600 satoshis per blackcoin regardless of price. If Blackcoin is at 800 satoshis, you'd be paying 2 BTC for 1 BTC worth of blackcoin. Then again, if the price is 4800 satoshis per BC one month from now, I still have to sell you 125k BC @ 1600 satoshis. You'll get 6 BTC worth of blackcoin for 2 BTC. |
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I'd short the shit out of this if I could.
Who wants an April 14th contract for 125,000 blackcoin @ 1600 satoshis?
How would that work exactly? We agree to a transaction wherein I send you 125,000 BC at the price point of 1600 satoshis (2 BTC). If the price rockets and stays there, you win and I lose. If it crashes back to 500 (anything less than 1600), I win and you lose. I still don't get it. You send me 125k and I send you 2 BTC? On April 14th, one month from now. You're speculating that BC will be equal to or higher than .00001600 BTC/BC one month from now. I'm speculating that it will be lower. Really not feasible without a 3rd party, as you're trusting the opposite end of the deal to hold their end of the bargain. I'm surprised no such platform has emerged yet to support coin futures. http://www.investopedia.com/terms/f/futurescontract.aspDefinition of 'Futures Contract'
A contractual agreement, generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at a pre-determined price in the future. Futures contracts detail the quality and quantity of the underlying asset; they are standardized to facilitate trading on a futures exchange. Some futures contracts may call for physical delivery of the asset, while others are settled in cash. |
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I'd short the shit out of this if I could.
Who wants an April 14th contract for 125,000 blackcoin @ 1600 satoshis?
How would that work exactly? We agree to a transaction wherein I send you 125,000 BC at the price point of 1600 satoshis (2 BTC). If the price rockets and stays there, you win and I lose. If it crashes back to 500 (anything less than 1600), I win and you lose. |
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