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Author Topic: [GAM] Gambit | Private Trading Group | Custom Trading Indicators | Supply Burn  (Read 145245 times)
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raithe
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July 17, 2015, 06:25:24 AM
 #361

NEW MANDATORY WALLET UPDATE:
https://github.com/collincrypto/gambitcrypto/releases/tag/v1.1


Windows, Linux, and Mac wallets available for download.  Please replace your existing wallet to continue staking.  Please delete your old peers.dat file.


Bittrex is currently compiling the new code and the market will be enabled shortly.  C-Cex has been notified but until confirmation is posted here, we recommend not depositing or withdrawing coins as they are on the old version.


Next burn will be early next week.

The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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Bootsize17
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July 18, 2015, 01:37:10 AM
 #362

Aaaaand we're moving again (after almost a day without no blocks)
It appears that the first staked block (nr 72171) received 2.54 GAM
I thought the max was 2.5???
Anyway happy to see progress again!

I've downloaded the new wallet and have deleted the peers.dat file, seems to be continuosly syncing with the networking; showing 341 blocks remaining.  Tried a repair wallet, no change.  Any suggestions ?
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July 18, 2015, 05:37:28 AM
 #363

Aaaaand we're moving again (after almost a day without no blocks)
It appears that the first staked block (nr 72171) received 2.54 GAM
I thought the max was 2.5???
Anyway happy to see progress again!

I've downloaded the new wallet and have deleted the peers.dat file, seems to be continuosly syncing with the networking; showing 341 blocks remaining.  Tried a repair wallet, no change.  Any suggestions ?
That sounds like you are stuck at block 72177 which is the last block of V1.0.0.0
so I suspect that the new wallet you downloaded is *not* the v1.1
Remember that for a short while there was a v1.0.1 which was an attempt to speed up the network
without mandatory update, but it was not enough so it has been removed and now only V1.1 will be able
to participate in the network.
Please download fresh from the latest announcement and make sure that the wallet you are running
shows Version 1.1.0.0 when you go to Help -> About Gambit

SYNC: Sd3XBRmhrrr39Wj4rtjb3YAkwWvCze44BZ                    ORB: odyWi677JDQy7Gc6Nv6kCdnajmScqgTkDE       Honest pools (payout matching calculation):
TransferWise: International money transfer for 1%fee        Doge to the moon! D9FGY7Bhwbj2jrnk7v8VR47HTu7vfVu1gV         Nut2pools and Steadymining
Bootsize17
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July 18, 2015, 05:27:07 PM
 #364

Aaaaand we're moving again (after almost a day without no blocks)
It appears that the first staked block (nr 72171) received 2.54 GAM
I thought the max was 2.5???
Anyway happy to see progress again!

I've downloaded the new wallet and have deleted the peers.dat file, seems to be continuosly syncing with the networking; showing 341 blocks remaining.  Tried a repair wallet, no change.  Any suggestions ?
That sounds like you are stuck at block 72177 which is the last block of V1.0.0.0
so I suspect that the new wallet you downloaded is *not* the v1.1
Remember that for a short while there was a v1.0.1 which was an attempt to speed up the network
without mandatory update, but it was not enough so it has been removed and now only V1.1 will be able
to participate in the network.
Please download fresh from the latest announcement and make sure that the wallet you are running
shows Version 1.1.0.0 when you go to Help -> About Gambit

Thank you for the reply.  I was on the correct version. I deleted everything (except the wallet.dat) from the APPDATA folder, and restarted the wallet, and all is good now.
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July 21, 2015, 07:35:07 PM
 #365

I feel like the price should have gone up way more than it has. Someone should try this idea again but change it slightly.

My regards,
Brian Loene
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July 22, 2015, 01:15:57 AM
 #366

I feel like the price should have gone up way more than it has. Someone should try this idea again but change it slightly.
I'm not ready to give up but ya it is starting to look like this is one that isn't going to happen. Too bad, as the idea seemed like a good one. But the attention span in Crypto is nanoseconds now. If it doesn't happen, people move on.
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July 22, 2015, 01:58:49 AM
 #367

I feel like the price should have gone up way more than it has. Someone should try this idea again but change it slightly.
I'm not ready to give up but ya it is starting to look like this is one that isn't going to happen. Too bad, as the idea seemed like a good one. But the attention span in Crypto is nanoseconds now. If it doesn't happen, people move on.
Burns will increase, coin supply will diminish and value will go up.
But yeah - many chase after a quick profit and forego the slow and steady rises, which often are better in the long run.
I am sure to stay in GAM for the long haul and HODL. You do what you think best. Success.

SYNC: Sd3XBRmhrrr39Wj4rtjb3YAkwWvCze44BZ                    ORB: odyWi677JDQy7Gc6Nv6kCdnajmScqgTkDE       Honest pools (payout matching calculation):
TransferWise: International money transfer for 1%fee        Doge to the moon! D9FGY7Bhwbj2jrnk7v8VR47HTu7vfVu1gV         Nut2pools and Steadymining
naganaworkhere
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July 22, 2015, 02:30:49 AM
 #368

I feel like the price should have gone up way more than it has. Someone should try this idea again but change it slightly.
I'm not ready to give up but ya it is starting to look like this is one that isn't going to happen. Too bad, as the idea seemed like a good one. But the attention span in Crypto is nanoseconds now. If it doesn't happen, people move on.
Burns will increase, coin supply will diminish and value will go up.
But yeah - many chase after a quick profit and forego the slow and steady rises, which often are better in the long run.
I am sure to stay in GAM for the long haul and HODL. You do what you think best. Success.
Cheers, you too. I'm cautious and don't make sudden moves, and I balance my portfolio. If anything, I'd sell less then half my gam, with the idea of making money on some of the short-term coins happening now, then putting profits back into gam if/when it happens. One of the things I love about this coin is that it is actually built on that trader mentality, rather than trying to pretend everyone is married to this or any other coin. For me, i will keep one foot in, even while im dipping the other foot in different stuff. But of course, what really matters is what people do in aggregate.
digitalgrow
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July 22, 2015, 02:50:08 AM
 #369

Anyone who has made money in this scene whether it be from btc or alts made the biggest profits by holding onto things for longer than others can or showing interest when others didnt or were too scared

Im happy to hold this one for a few years tbh, I dont think the average alt joe can really comprehend the idea the behind this coin and where it will stand in a year or two from now in a raging bull market

Its funny to think that ppl have forgotten that traders in this scene last summer were turning 10btc into 100's over the course of a few days/weeks...just gotta be patient guys and see the bigger picture here
brianloene
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July 22, 2015, 03:04:53 AM
 #370

The altcoin markets were on fire for the past 2 months. It's kind of sad there was no 10BTC to 100BTC move by GAM.

My regards,
Brian Loene
naganaworkhere
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July 22, 2015, 03:09:30 AM
 #371

Anyone who has made money in this scene whether it be from btc or alts made the biggest profits by holding onto things for longer than others can or showing interest when others didnt or were too scared

Im happy to hold this one for a few years tbh, I dont think the average alt joe can really comprehend the idea the behind this coin and where it will stand in a year or two from now in a raging bull market

Its funny to think that ppl have forgotten that traders in this scene last summer were turning 10btc into 100's over the course of a few days/weeks...just gotta be patient guys and see the bigger picture here

Uh-oh. Do you really think it's going to be years before we see movement in gam price? If you have that kind of patience, then you are a better man than me!

I don't see those bull market days coming back soon, unfortunately. In the current market, people have to be flexible enough in their portfolio stance to catch whatever waves are rolling in. And believe me, if I see gam building momentum, I will double my holdings right back up again.
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July 22, 2015, 04:17:14 AM
 #372

The altcoin markets were on fire for the past 2 months. It's kind of sad there was no 10BTC to 100BTC move by GAM.
Oh but there were days that GAM moved more than 10 BTC and it has already reached over 27k Sat level, so if you invested even 5 BTC in the ICO, that was worth almost 14 BTC at that peak and it will be high in value after enough burn of tokens is reducing total coin supply in a couple months.

SYNC: Sd3XBRmhrrr39Wj4rtjb3YAkwWvCze44BZ                    ORB: odyWi677JDQy7Gc6Nv6kCdnajmScqgTkDE       Honest pools (payout matching calculation):
TransferWise: International money transfer for 1%fee        Doge to the moon! D9FGY7Bhwbj2jrnk7v8VR47HTu7vfVu1gV         Nut2pools and Steadymining
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July 25, 2015, 06:54:18 PM
 #373




I don't understand why this coin doesn't solely trade altcoins. For me it's all about altcoins. I thought these traders were altcoins traders who were "in the know". Why trade fiat and make 0.05% when you can trade altcoins and make 200%? It makes no sense at all.

When GAM first came out, I thought it was only for altcoin trading. I see this fiat trading and it looks like a waste of time. This fiat trading is flat.




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July 25, 2015, 08:32:04 PM
 #374

Anyone who has made money in this scene whether it be from btc or alts made the biggest profits by holding onto things for longer than others can or showing interest when others didnt or were too scared

Im happy to hold this one for a few years tbh, I dont think the average alt joe can really comprehend the idea the behind this coin and where it will stand in a year or two from now in a raging bull market

Its funny to think that ppl have forgotten that traders in this scene last summer were turning 10btc into 100's over the course of a few days/weeks...just gotta be patient guys and see the bigger picture here

Uh-oh. Do you really think it's going to be years before we see movement in gam price? If you have that kind of patience, then you are a better man than me!

I don't see those bull market days coming back soon, unfortunately. In the current market, people have to be flexible enough in their portfolio stance to catch whatever waves are rolling in. And believe me, if I see gam building momentum, I will double my holdings right back up again.

LOL you win for best user name Wink

BTW, you forgot your TPS report new cover sheet  Grin Tongue

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July 25, 2015, 09:18:55 PM
 #375

Looking at the performance of the GAM Network, I want to congratulate the GAM team, dev and coders, with the swift action last week when the network was slowing down due to the increasing block value, leading to a reductoin of number of blocks.
The value per input has been steadily decreasing in my wallet and the diff has been increasing, also showing in the duration before staking.
It used to be that every block that became mature immediately staked, now I have smaller inputs that are coming up on a week old soon. All inputs value has been going down from 1k+ GAM chunks by being divided in half, at this moment all inputs are below 160 and those are staking more often, moving everything to below 80 GAM inputs, so the diff and the number of inputs is still rising - until the burn rate will take over and the amount of GAM will be reduced enough to make it more rare. But that will take a couple months.
Congrats again and I am happy with the network stability now.

SYNC: Sd3XBRmhrrr39Wj4rtjb3YAkwWvCze44BZ                    ORB: odyWi677JDQy7Gc6Nv6kCdnajmScqgTkDE       Honest pools (payout matching calculation):
TransferWise: International money transfer for 1%fee        Doge to the moon! D9FGY7Bhwbj2jrnk7v8VR47HTu7vfVu1gV         Nut2pools and Steadymining
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July 26, 2015, 12:09:07 AM
 #376




There is a lot of transparency missing with this coin. The spread sheet should have another column for "BTC waged". We want to know how much BTC was used for each of those moves. Secondly, we want to be able to click on a trader and see of all their moves. See how much they waged and how profitable each move was.



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July 27, 2015, 08:10:23 PM
 #377




There is a lot of transparency missing with this coin. The spread sheet should have another column for "BTC waged". We want to know how much BTC was used for each of those moves. Secondly, we want to be able to click on a trader and see of all their moves. See how much they waged and how profitable each move was.






It would be amazing if they could hash their calls on the GAM blockchain for proof later that they actually made that call.



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July 28, 2015, 08:20:31 PM
 #378

still holding some of this coin, sold most.
what's the plans??

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raithe
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August 05, 2015, 06:11:16 AM
 #379

Updates to be aware of:


https://twitter.com/gambitcrypto/status/628800359272742912
FYI: "why don't you only trade altcoins," --> it's because BTC & forex have earned far more BTC than altcoins have.  To make this easier to grasp for everyone, the spreadsheet will be slowly changed into a focus on P/L (profit / loss) instead of percent-change for the FX/BTC ladders.  Since BTC can be 3-20x leverage and forex can be up to 200x, this change makes sense.  Altcoin ladder will remain the same as there is no margin trading.


https://twitter.com/gambitcrypto/status/628800713825615872
Now that we have a lot of trader historical performance, we can increase the amount of BTC we are risking with every trade.  This should ultimately mean larger profits and losses on trades.  So long as trading remains profitable, this means more GAM may be burned.


https://twitter.com/gambitcrypto/status/628800019169214465
Traders that have not made any calls for specific ladders will start to be removed from the spreadsheet.



Make sure to follow Twitter for larger updates:
http://twitter.com/gambitcrypto

Join us on Slack for day to day chatting:
http://slack.gambitcrypto.com


PS: There were a few crypto-related websites that we looked at acquiring but the deals all fell thru or did not pass our due diligence quality checks.



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August 10, 2015, 12:14:45 AM
 #380

Nice concept, how safe are investor funds?

Do you only trade liquid assets or are you looking to acquire other investments?








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