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Author Topic: [GAM] Gambit | Private Trading Group | Custom Trading Indicators | Supply Burn  (Read 143979 times)
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raithe
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October 25, 2016, 08:24:49 PM
 #561

We have just burned another 28,302.87682493 GAM bringing the total amount of burned tokens to 1,128,732.41267222.


Starting Supply: 2,500,000 GAM
Tokens Burned: 1,128,732.41267222 GAM
Supply Remaining: 1,418,329

Starting Price in USD: $0.023 per GAM
Current Price in USD: $0.372 per GAM

It's fun to see that coin "die" (as in, the supply decreasing). Every now and then, I'm opening that thread to see if any more coins were burned. Always happy to see when supply decreased further.

Allow me a question: the amount burned seems quite much recently. Is this mainly from signups to the group (membership fees), or trading profits? What makes the huge part of burned coins?

New members joining, profitable trading, and successful crowdfund hedging.  Flipping Augur netted a strong 300% from the OTC buys we made months ago, which made up a large part of the most recent burn.

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October 26, 2016, 07:18:52 PM
 #562

There is any plan to modify the 0.75 fee? Not inside the group yet, but I think that an increasing price would be good for coin holders and early members

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October 27, 2016, 01:31:40 AM
 #563

There is any plan to modify the 0.75 fee? Not inside the group yet, but I think that an increasing price would be good for coin holders and early members

Interesting idea.  I know a few who are waiting until GAM goes the next leg up before joining.  If the price was bumped by .25 or so at set intervals - maybe quarterly - it would discourage this practice.

Speaking of the next leg up.  I expect zcash profits over the next 6 months are going to take GAM into the 200k range.  This long consolidation in the 40-65 range is going to be left behind soon.
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November 04, 2016, 11:00:50 PM
 #564

There is any plan to modify the 0.75 fee? Not inside the group yet, but I think that an increasing price would be good for coin holders and early members

Not at this time.  We discussed the change as a group when we moved from 2500 GAM to a flat 0.75 BTC.  Once the group grows a bit more, the community can discuss and vote on how we want to move forward.

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November 09, 2016, 02:27:53 PM
 #565

Wonder how ZEC performed on the group with those 300 BTC, if the group shorted on bitmex from 10BTC, I can imagine a nice decline on the total amount of coins. Any spoiler?

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November 09, 2016, 05:50:02 PM
 #566

Wonder how ZEC performed on the group with those 300 BTC, if the group shorted on bitmex from 10BTC, I can imagine a nice decline on the total amount of coins. Any spoiler?

I guess you will just have to join the group to find out?  Tongue

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November 09, 2016, 06:25:58 PM
 #567

Wonder how ZEC performed on the group with those 300 BTC, if the group shorted on bitmex from 10BTC, I can imagine a nice decline on the total amount of coins. Any spoiler?

I guess you will just have to join the group to find out?  Tongue

LOL, I'll wait until next report (you post every 3 weeks or so the amount of coins burnt), having a fixed price, kills the FOMO feeling, I prefer to Hodl my GAM.

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November 11, 2016, 11:47:11 PM
 #568


LOL, I'll wait until next report (you post every 3 weeks or so the amount of coins burnt), having a fixed price, kills the FOMO feeling, I prefer to Hodl my GAM.

Haha,  sounds good.  Next burn will be in a week or two.

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November 15, 2016, 07:42:20 PM
 #569

We have just burned another 37,740.26118339 GAM bringing the total amount of burned tokens to 1,166,472.67385562.


Starting Supply: 2,500,000 GAM
Tokens Burned: 1,166,472.67385562 GAM
Supply Remaining: 1,382,184

Starting Price in USD: $0.023 per GAM
Current Price in USD: $0.435 per GAM

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November 15, 2016, 08:49:26 PM
 #570


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November 16, 2016, 02:15:26 PM
 #571

nice progress!
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December 01, 2016, 08:24:03 PM
 #572

Good to hear stuff going on behind the scenes. Looks good.
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December 02, 2016, 04:13:15 PM
 #573

Trading was a bit slow the last two weeks as everyone was waiting for the big move in BTC, yet we still inched out some nice profit on the trades that we had.  We have just burned another 12,218.77515713 GAM bringing the total amount of burned tokens to 1,178,691.4490127.


Starting Supply: 2,500,000 GAM
Tokens Burned: 1,178,691.4490127 GAM
Supply Remaining: 1,372,229

Starting Price in USD: $0.023 per GAM
Current Price in USD: $0.442 per GAM

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December 06, 2016, 08:18:10 PM
 #574

Just a few random calls from the trading group:



ZEC FUNDAMENTALS



VOX LONG

Chart: http://prntscr.com/dg67in


BITCOIN SHORT


Outcome: https://www.tradingview.com/x/mVQro4jF/


BITCOIN LONG (2 minute - $8 scalp on 20x)



BITCOIN & LITECOIN PRESIDENTIAL LONG

Outcome: http://prntscr.com/dg6b01


ETC LONG

Outcome: http://i.imgur.com/S4QswT1.png


XMR SHORT:

Outcome: http://prntscr.com/dg6dgr


ZEC PUBLIC TWITTER LONG CALL
https://twitter.com/CollinCrypto/status/800882250506235904
Outcome: http://prntscr.com/dg6h6w


LONG XMR ON BITFINEX NEWS
http://prntscr.com/dg6hpe


If you are interested in joining the Gambit trading group and getting the custom Tradingview indicators, visit http://GambitCrypto.com/join


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December 07, 2016, 09:34:22 PM
 #575

The group is now up to 86 members, and we have just opened a new Telegram trading bot channel that posts when bullish reversals happen on altcoins and bitcoin.

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December 13, 2016, 10:01:26 PM
 #576

We have just burned another 28,302.87682493 GAM bringing the total amount of burned tokens to 1,128,732.41267222.


Starting Supply: 2,500,000 GAM
Tokens Burned: 1,128,732.41267222 GAM
Supply Remaining: 1,418,329

Starting Price in USD: $0.023 per GAM
Current Price in USD: $0.372 per GAM

It's fun to see that coin "die" (as in, the supply decreasing). Every now and then, I'm opening that thread to see if any more coins were burned. Always happy to see when supply decreased further.

Allow me a question: the amount burned seems quite much recently. Is this mainly from signups to the group (membership fees), or trading profits? What makes the huge part of burned coins?

New members joining, profitable trading, and successful crowdfund hedging.  Flipping Augur netted a strong 300% from the OTC buys we made months ago, which made up a large part of the most recent burn.

Were u hedging a falling coin seemingly dumped by angels to shits? U bought REP at what, 0.007 -- and sold at 0.0027? Yeah drop me a note when u develop a new hedging strategy for lawn mover that generates u -300% negative income. 
raithe
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December 13, 2016, 11:31:18 PM
 #577


Were u hedging a falling coin seemingly dumped by angels to shits? U bought REP at what, 0.007 -- and sold at 0.0027? Yeah drop me a note when u develop a new hedging strategy for lawn mover that generates u -300% negative income. 

Trolls are out in full force I see.

Try again.

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December 23, 2016, 12:57:12 AM
 #578

We have just burned another 29,408.49332197 GAM bringing the total amount of burned tokens to 1,208,449.732498.


Starting Supply: 2,500,000 GAM
Tokens Burned: 1,208,449.732498 GAM
Supply Remaining: 1,344,638

Starting Price in USD: $0.023 per GAM
Current Price in USD: $0.312 per GAM

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December 28, 2016, 04:48:41 PM
 #579

Can't wait for the next burn. The XMR and BTC action was hopefully profitable for the group. Cheers
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January 04, 2017, 05:09:25 AM
 #580

People dumping into low walls when we know Collin has been super profitable.  Doesn't make much sense, but maybe they thought they could rebuy lower.  I've been loading up here.  Going to be some big fat burns coming up and the sell side is so thin there won't be much required to move the price back to old levels.
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