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Author Topic: [GAM] Gambit | Private Trading Group | Custom Trading Indicators | Supply Burn  (Read 145528 times)
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CraveIt
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August 10, 2015, 01:03:21 AM
 #381

What will happen when we will be nearing burning all the coins in existence?? would we say for example cut off at %5 left and issue dividends with successful trades instead of burning?

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Cor2
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August 10, 2015, 03:42:51 AM
 #382

What will happen when we will be nearing burning all the coins in existence?? would we say for example cut off at %5 left and issue dividends with successful trades instead of burning?
I expect that the burning will never stop, I mean that at some point it may be unfeasible to continue for some reason,
but not because the tokens run out. Towards the end of the coin supply, the price of coins will simply rise higher and higher, so
the amount of BTC needed to buy the last coins will go up all the time.
Look even at the market spread today: there are 10.4 GAM offered for 1 BTC *each* !!!
If we really get down to the last few GAM, don't you think that they will continue to go up in price,
so that the last GAM will never ever sell to be burned, it will be ever smaller fractions and the price of GAM will continue to go up with it becoming more and more rare. No, there is no need to do anything else when we are nearing the end - the end will simply move away, this is a self-balancing system and it will work great.

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August 10, 2015, 07:13:16 PM
 #383

^True.

Still lending coin to other account to stake on machine without coins on is needed.
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August 12, 2015, 07:27:51 PM
 #384

I did not see the last burn mentioned here that Gambitdev posted on the Slack yesterday:
While it was a long period between the last burn, it was the largest burn so far. 
25.07% total supply burned.
2500000 starting supply
2505564.11785233 current total supply

Tokens burned on 8-12-2015:  34,107
Total burned: 628,114
1877449.73 available supply in circulation.

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August 17, 2015, 09:51:52 PM
 #385




Is this coin a scam? I'm thinking of buying some more. I'm wondering why the price drops if the traders are making money?



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August 17, 2015, 11:48:40 PM
 #386




Is this coin a scam? I'm thinking of buying some more. I'm wondering why the price drops if the traders are making money?




Price drop doesn't mean scam lol, things are moving forward.

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August 18, 2015, 02:42:32 AM
 #387

Is this coin a scam? I'm thinking of buying some more. I'm wondering why the price drops if the traders are making money?
Someone got impatient and sold a large amount (or they needed the money badly)
so that caused the price to drop. It is already recovering slowly and with the
continued buys (burns) the price will eventually go up, but only with patience can you profit from that...

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August 18, 2015, 02:54:30 AM
 #388

any new update for roadmap ?

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August 21, 2015, 09:39:43 PM
 #389

Nothing from the dev in 2 weeks and the price has dropped 50% from its' ATH. Time for concern IMHO.
i sold a long time ago in the big pump at 24k sats.
too many ico bag holders and not enough burning. you may as well sell now. i'm out of this coin. i made a lot on ether too.
good luck ever getting back to ico price in the next 3 years.
Actually the burn rate originally would take just over 1 year at the price (just over ICO) but with the low price now
it might be within 1/2 year that these tokens start becoming scarce and the price only goes up due to buys for burns.
So, the low price is good for speeding this up!

SYNC: Sd3XBRmhrrr39Wj4rtjb3YAkwWvCze44BZ                    ORB: odyWi677JDQy7Gc6Nv6kCdnajmScqgTkDE       Honest pools (payout matching calculation):
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August 24, 2015, 02:30:39 AM
 #390

... the dev hasn't posted since August 5th sooooooo.
because you are not on Slack, the dev has posted many times since then, at least till end last week (Aug 20).

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August 24, 2015, 04:01:02 AM
 #391

... the dev hasn't posted since August 5th sooooooo.
because you are not on Slack, the dev has posted many times since then, at least till end last week (Aug 20).

If he had respect for his partners and investors on Gambit he would post here and also on twitter and not on a slack channel exclusive!
This only projects that he does not give a crap about this project!
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August 24, 2015, 04:23:17 AM
 #392

... the dev hasn't posted since August 5th sooooooo.
because you are not on Slack, the dev has posted many times since then, at least till end last week (Aug 20).

If he had respect for his partners and investors on Gambit he would post here and also on twitter and not on a slack channel exclusive!
This only projects that he does not give a crap about this project!
there is no requirement for joining slack, nothing exclusive. Just ask for an invite with your email id and you are there. You are welcome. Its better team management service & can be accessed from mobile/PC with an app.

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August 26, 2015, 10:05:33 PM
 #393

Now that we are done with the pleasantries,
can we go back to GAM?
Maybe one of the GAM hodlers has a question for the dev?

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September 03, 2015, 10:46:05 PM
 #394

I re-bought too high lol, looks like it's time to start averaging down. If anyone wants to sell me any OTC, PM me.
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September 04, 2015, 08:42:05 PM
 #395




How does this keep dropping if the traders are making profits?



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September 06, 2015, 06:04:48 PM
 #396




How does this keep dropping if the traders are making profits?




cos you're dumping. i'm dumping too. feels good baby.



How can people dump? What was ICO price? How many new coins are made per day?



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October 07, 2015, 08:59:36 AM
 #397

Hello all.  The ANN, FAQ, and Trader Spreadsheet totals have been updated.  We have redesigned the Gambit spreadsheet so that all future rankings are to be judged exclusively on BTC profit/loss for each individual trade.  In addition, we have started creating low-risk 1Broker accounts for individuals who trade a lot of forex so they can self-manage themselves.  These will be judged on a weekly performance basis instead of per-trade.

View the trader spreadsheet here:
http://gambitcrypto.com/trading

All of the most recent trades that resulted in profit/losses greater than 0.10 BTC have been tweeted:
http://twitter.com/gambitcrypto

The profits from the trades have been used as buy support on the GAM/BTC markets to purchase tokens and burn the supply.
Tokens that were burned today: 17,806
Total amount of tokens burned: 671,339, or 26.75% of total supply
Tokens remaining in circulation:  1,854,736


If anyone is interested in translating the GAM ANN to another language, feel free to message me your asking price.

As always, we encourage everyone to join our free Slack server for day-to-day discussions:
http://slack.gambitcrypto.com


raithe
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October 08, 2015, 03:33:19 AM
 #398

Hello all.  The ANN, FAQ, and Trader Spreadsheet totals have been updated.  We have redesigned the Gambit spreadsheet so that all future rankings are to be judged exclusively on BTC profit/loss for each individual trade.  In addition, we have started creating low-risk 1Broker accounts for individuals who trade a lot of forex so they can self-manage themselves.  These will be judged on a weekly performance basis instead of per-trade.

View the trader spreadsheet here:
http://gambitcrypto.com/trading

All of the most recent trades that resulted in profit/losses greater than 0.10 BTC have been tweeted:
http://twitter.com/gambitcrypto

The profits from the trades have been used as buy support on the GAM/BTC markets to purchase tokens and burn the supply.
Tokens that were burned today: 17,806
Total amount of tokens burned: 671,339, or 26.75% of total supply
Tokens remaining in circulation:  1,854,736


If anyone is interested in translating the GAM ANN to another language, feel free to message me your asking price.

As always, we encourage everyone to join our free Slack server for day-to-day discussions:
http://slack.gambitcrypto.com



Additionally, we are going to be requesting Gambit's removal from C-Cex exchange unless anyone in the GAM community has a valid reason against it, worth mentioning.  The exchange has been going downhill, and looks like the owner Yuri has just been cashing out by supporting a plethora of scams in the last few weeks/months.   Additionally, there has obviously been no recent market making on their GAM pairings for the aforementioned reasons.

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October 22, 2015, 10:18:53 AM
 #399

New tweets went out and the spreadsheet has been updated.

https://twitter.com/gambitcrypto

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October 31, 2015, 01:19:43 AM
 #400




Did GAM close some huge long profits on BTC today or yesterday? Are there any really long bets going on?



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