MasterCoin Buyer/Seller Thread

[Zephir]

I added a very simple price chart to the order book:
https://docs.google.com/spreadsheet/ccc?key=0ApGPLGUd5ZCzdHFxbnhHQjBDSDVKamY5UHlWdkNMNWc#gid=1

Please note that this only includes trades that I escrowed.
I know this is not very sophisticated, but it helps identifying a trend.

I want to say "thank you!!!" maxmint.
You are doing a great job and a favor for us all. Good work already done and implementing real cool stuff.
It would be great, if you can add the volume of the trades to the graph.

Next time I get to my wallet, I will send you a tip for everything you´ve done by now.
Thanks

[Luckybit]

I added a very simple price chart to the order book:
https://docs.google.com/spreadsheet/ccc?key=0ApGPLGUd5ZCzdHFxbnhHQjBDSDVKamY5UHlWdkNMNWc#gid=1

Please note that this only includes trades that I escrowed.
I know this is not very sophisticated, but it helps identifying a trend.

Excellent job!
You deserve a tip.

That price chart looks exponential. It reminds me of how Bitcoin looked when it went from $15 to $266. The good news is we are still in the very beginning of the rise so there is potentially a lot of profit for us before it collapses down a bit.

The truth is, there hasn't been any news and there isn't even an easy way to buy Mastercoins in bulk yet so we should be very happy about the chart and look at it as a speculative success. At the same time we have to understand that the true value of Mastercoin is unknown and invest only what we are willing to lose. Do not panic sell in a crash if it does come, buy Mastercoins because you actually want to use them in the protocol.

Determine how useful you think Mastercoins could be to Bitcoin owners. Consider that there are 31 Bitcoins for every Mastercoin and don't be greedy. If you have all the Mastercoins you think you'll ever need then it's okay to sell some of them for cheaper to cover your initial investment and put your level of risk to 0.

[mishax1]

I added a very simple price chart to the order book:
https://docs.google.com/spreadsheet/ccc?key=0ApGPLGUd5ZCzdHFxbnhHQjBDSDVKamY5UHlWdkNMNWc#gid=1

Please note that this only includes trades that I escrowed.
I know this is not very sophisticated, but it helps identifying a trend.

there was a 0.2 sale that you almost escrow 

[bybitcoin]

Max you have changed my ask order place to the 0.13 btc range, but it still shows the 0.2 btc price.

[maxmint]

Max you have changed my ask order place to the 0.13 btc range, but it still shows the 0.2 btc price.

Oh, sorry – just corrected that.

[maxmint]

I added a very simple price chart to the order book:
https://docs.google.com/spreadsheet/ccc?key=0ApGPLGUd5ZCzdHFxbnhHQjBDSDVKamY5UHlWdkNMNWc#gid=1

Please note that this only includes trades that I escrowed.
I know this is not very sophisticated, but it helps identifying a trend.

I want to say "thank you!!!" maxmint.
You are doing a great job and a favor for us all. Good work already done and implementing real cool stuff.
It would be great, if you can add the volume of the trades to the graph.

Next time I get to my wallet, I will send you a tip for everything you´ve done by now.
Thanks

Thanks for your kind words
Hm, I'm not sure about adding volume because this could reveal private deals. All transactions are visible on the Mastercoin parsing websites and you could easily correlate volume / price / address.

[viruscs]

maxmint

I want to buy 200MSC with 24BTC.

My address is 15WsYinrZCiPa95JRYfzh3wu2GXopaNZWu.

[maxmint]

maxmint

I want to buy 200MSC with 24BTC.

My address is 15WsYinrZCiPa95JRYfzh3wu2GXopaNZWu.

I added this to the order book. TaaviK is selling 200 MSC @ 0.12, you can contact him and try to close a deal.

[HammerFist]

I added a very simple price chart to the order book:
https://docs.google.com/spreadsheet/ccc?key=0ApGPLGUd5ZCzdHFxbnhHQjBDSDVKamY5UHlWdkNMNWc#gid=1

Please note that this only includes trades that I escrowed.
I know this is not very sophisticated, but it helps identifying a trend.

there was a 0.2 sale that you almost escrow  

Boy you got lucky on that!!!  We saw that all the 1.2 orders were gone and quickly grabbed the next one!  We missed .07, then .08, then all the 1.2s were called for.  .2 damn you took a good price for those.  Not to worry - We'll have doubled up by next week anyway.  

[mishax1]

I'm just trying to cover up my litecoin losses 

[littleblue]

TaaviK is selling 200 MSC @ 0.28

[HammerFist]

I'm just trying to cover up my litecoin losses 

What happened to litecoin?  Is that story finished?

[TaaviK]

TaaviK is selling 200 MSC @ 0.28

I did sell 200 @ 0.12 actually. The next 200 MSC I'm finding harder to part with

[klee]

I'm just trying to cover up my litecoin losses 

What happened to litecoin?  Is that story finished?

Blood on the floor - they should have known better!
I had repeatedly warned my friends investing in it that from the moment Karpeles involved his name with this coin the massacre was inevitable.

I f@ckin hate this psychofat boy he almost killed BTC 3 times and maybe killed LTC...

[HammerFist]

I did sell 200 @ 0.12 actually.

That was a very big mistake.  Might as well just throw 100 Euro notes in the toilet.  What a fool.  

[HammerFist]

I f@ckin hate this psychofat boy he almost killed BTC 3 times and maybe killed LTC...

How the hell does one guy kill bitcoin (or Litecoin)?

[Luckybit]

Quick question - how the heck are MSC anonymous? In 2 words if you know (not to hijack here).
Can't understand it though I tried...

I suppose if you buy MSC with cash it's about as anonymous as it can get.

[ASICSRUS]

there have been sent approx. 5000 btc to the Exodus address, each equals 100 MSC + average %20 bonus which should equal to 600K MSC.
To this you can add the future 10% that will be added gradually which will be finally about 660K MSC (which shall be less since 60% of bitcoins arrived in the last week that only had 10% bonus reward)
May you explain us how did you arrive to 50M MSC number???
Also where did you buy your logic from!?

5000*100=500K my mistake!!

So it would be 660K all, thanks for that!

So my calculations were far off, nevermind! I tried to base them on the total numbers of MSC vs that of BTC...

EDIT: MSC would be around 7.5 times less than BTC hmmm...

Now you see where I got my 2 BTC per Mastercoin price from. I calculated the total number of Mastercoins which will ever exist against the total number of Bitcoins. I also considered factors such as the chance of Bitcoins being confiscated. I think Bitcoins will be confiscated far more often than Mastercoins. There are unknown variables of course and this is still the speculation phase. Until we have a working exchange and until we see progress on the protocol itself the price I have in the sell order is based on what I believe Mastercoin will be worth just prior to a completed decentralized exchange. I'd be willing to sell for a range between 1.5 and 2 BTC per Mastercoin. Any less and I'll just wait until it the decentralized exchange is working.

Just a suggestion to MSC holders. There is no benefit of pumping the price at this point when the price is based on pure speculation and future hopes. Actually selling MSC at a fair price will increase the amount of people involved in the  Mastercoin ecosystem and benefits the project much more.

True. I had many offers in the 0.12-0.13 range but I decided to sell on 0.1 instead!
We have to see more long term - we need many people in this in no bubble prices..

Mastercoins are divisible so we can sell cheaper if we sell in smaller portions of 0.1 for instance. I don't think there will be a problem with demand if it works. I do agree right now it's in demand because a lot of people need a decentralized exchange, and a lot of people are looking at factors like the amount of development/contest resources, the level of marketing (the fact that Mastercoin has websites already says a lot about it), the particular people involved with it and their level of talent, all of that goes into setting the price.

But the value isn't the same as the price. Right now it's got no value yet because we cannot do anything with it so the price is based on a prediction of what we expect the value to be once completed. We are basically buying at these prices because we believe in the developers and in JR to follow through and meet our expectations.

This thread is not for speculation, it is just for bid and ask placement, so please transfer your speculating games and thoughts to another one more related. Or perhaps you can open one new thread yourself and speak with people with the same morality over there!

After Mastercoin has value we will need a speculation thread. Right now it's too soon to create one. The time to create a speculation thread is when the first working Mastercoin client is released. Until we have a wallet which works, there is no way to predict the demand until we can figure out how many people are downloading that wallet.

The next thing to do would be to see what happens once we have a decentralized exchange with smart property. I think that will be the big coming out event.

~too funny>> this whole MSC movie is pure speculation! Plus no matter what happens you are going to have to deal with me and my team on some level getting the stock market/options idea to the otc market !!!! hello anyone here?zzz

[romerun]

tip sent

https://blockchain.info/tx/cc7e02c5df192baf843fd849fead0584775a9cdd91fad5be643a65fd8842ec4a

[dacoinminster]

I keep thinking that I need to find a way to throw some water on this fire before someone gets hurt, but the only way I can really do that is to sell some MSC, which I don't want to do at these prices

I hope everybody isn't buying now with the intention of selling when the distributed exchange opens. If so, that very positive news for MSC could actually be correlated with a price drop!

Be careful folks.