[ANN] mcxNOW.com : Deposit. Earn Interest. Trade.

[ranlo]

Yeah there's 16000 accounts but the volume just plain sucks, at a time too where volume on every other main exchange is through the roof.

It was actually picking up rather nicely until all the balances were sucked into buying mcxfees.

Seems a coincidence the trading volumes plummet after the mcxfee pre-sale ends, no?

Yeah because a large part of the User's Bitcoin was stuck in mcxFEE, so less liquidity on the market.
Add to that the huge price rise of bitcoin, and people are even less willing to spend them.

So you get a low volume for a few weeks. But there a lot of new user this days so the situation will improve quickly i think

When mcxFEEs get back up to 0.4 BTC, people will start selling them. As they sell them, they will start trading. A lot of people just aren't willing to let their 0.4 BTC FEEs go for only 0.2 BTC, at a 50% loss.

[erk]

Yeah there's 16000 accounts but the volume just plain sucks, at a time too where volume on every other main exchange is through the roof.

It was actually picking up rather nicely until all the balances were sucked into buying mcxfees.

Seems a coincidence the trading volumes plummet after the mcxfee pre-sale ends, no?

Yeah because a large part of the User's Bitcoin was stuck in mcxFEE, so less liquidity on the market.
Add to that the huge price rise of bitcoin, and people are even less willing to spend them.

So you get a low volume for a few weeks. But there a lot of new user this days so the situation will improve quickly i think

When mcxFEEs get back up to 0.4 BTC, people will start selling them. As they sell them, they will start trading. A lot of people just aren't willing to let their 0.4 BTC FEEs go for only 0.2 BTC, at a 50% loss.

I have been told the site owner is buying up several thousands of fees often in big lots between 0.1-0.2BTC. Who would be silly enough to sell at such a loss completely evades me, unless the site owner had them in another account and  just sold the fees to himself, seeing he has acquired back some 11,000 mcxFEEs at well below 0.4BTC it would indicate there is something strange going on. Perhaps to make the fees look like they were selling well during the 0.4 offering, he bought a lot with a second account and is in the process of unwinding that. I don't know, if that's the case, it would seem plausible that's all.

[bidji29]

Yeah there's 16000 accounts but the volume just plain sucks, at a time too where volume on every other main exchange is through the roof.

It was actually picking up rather nicely until all the balances were sucked into buying mcxfees.

Seems a coincidence the trading volumes plummet after the mcxfee pre-sale ends, no?

Yeah because a large part of the User's Bitcoin was stuck in mcxFEE, so less liquidity on the market.
Add to that the huge price rise of bitcoin, and people are even less willing to spend them.

So you get a low volume for a few weeks. But there a lot of new user this days so the situation will improve quickly i think

When mcxFEEs get back up to 0.4 BTC, people will start selling them. As they sell them, they will start trading. A lot of people just aren't willing to let their 0.4 BTC FEEs go for only 0.2 BTC, at a 50% loss.

I have been told the site owner is buying up several thousands of fees gradually between 0.1-0.2BTC as they come onto the market. Who would be silly enough to sell at such a loss completely evades me, unless he had them in another account and  just sells them to himself,

Because in the meantime, bitcoin went super crazy.
So people want to ride it, so they sell at a loss*

*it's only a loss in term of BTC, the value stayed the same in term of USD

[btbrae]

I'm just saying it's a shame because it's a good exchange for the most part, and they could have been riding the current wave, the way coin markets have been so far is there is a very long quiet period (low volume) followed by a quicker boom period (high volume) and mcxnow sucked the life out of it's own userbase at precisely the wrong time. So you'll be waiting a long time to recoup your fees even @ 0.1 BTC imo but we'll see I've got 4 just incase. Happy trading.

[ranlo]

Yeah there's 16000 accounts but the volume just plain sucks, at a time too where volume on every other main exchange is through the roof.

It was actually picking up rather nicely until all the balances were sucked into buying mcxfees.

Seems a coincidence the trading volumes plummet after the mcxfee pre-sale ends, no?

Yeah because a large part of the User's Bitcoin was stuck in mcxFEE, so less liquidity on the market.
Add to that the huge price rise of bitcoin, and people are even less willing to spend them.

So you get a low volume for a few weeks. But there a lot of new user this days so the situation will improve quickly i think

When mcxFEEs get back up to 0.4 BTC, people will start selling them. As they sell them, they will start trading. A lot of people just aren't willing to let their 0.4 BTC FEEs go for only 0.2 BTC, at a 50% loss.

I have been told the site owner is buying up several thousands of fees gradually between 0.1-0.2BTC as they come onto the market. Who would be silly enough to sell at such a loss completely evades me, unless he had them in another account and  just sells them to himself,

Nah, others are selling them to him. Before fees were tradable again MANY of the big holders were declaring that they were going to dump at .2 or so because BTC was going up in value. People just aren't bright. Here's the argument I keep seeing (altering the values for ease of understanding):

"Bitcoin was $100 each and fees were 0.4 BTC. This means each fee was $40. Now that BTC is worth $200 and fees are worth 0.2 BTC, each fee is still $40. Therefore I lost nothing by selling them!"

Obviously those who pay attention would realize that they LOST 50% because if they had held the fees and/or the BTC itself they would have their 0.4 BTC (therefore $80, or a 100% increase) at that point.

The arguments I see in that chat constantly are ridiculous and make no sense. I guess as long as I keep earning money off of people being stupid, though, there's really no reason to complain, :p.

[erk]

Nah, others are selling them to him. Before fees were tradable again MANY of the big holders were declaring that they were going to dump at .2 or so because BTC was going up in value. People just aren't bright. Here's the argument I keep seeing (altering the values for ease of understanding):

"Bitcoin was $100 each and fees were 0.4 BTC. This means each fee was $40. Now that BTC is worth $200 and fees are worth 0.2 BTC, each fee is still $40. Therefore I lost nothing by selling them!"

Obviously those who pay attention would realize that they LOST 50% because if they had held the fees and/or the BTC itself they would have their 0.4 BTC (therefore $80, or a 100% increase) at that point.

The arguments I see in that chat constantly are ridiculous and make no sense. I guess as long as I keep earning money off of people being stupid, though, there's really no reason to complain, :p.

I too have read arguments like that in various chats. What it seems to miss is that smart traders don't sell in big chunks unless they want to move the market price. Offloading a thousand mcxFEE I would do it gradually so as to obtain the highest price I could. I wouldn't dump a few thousand at 0.11BTC when I know most people paid 0.4BTC. The really good traders use the API, and a script to buy and sell gradually over time.

[STT]

In any stock, its normal for higher currency worth to depress prices.   They do give an income as well so they likely havent lost any value

[lophie]

Real solid is unprofessional and a scammer, they will take your BTC and you will lose money there, you will make better with mining BTC dont feed into the Alt Currency

LTC,FTC,XPM and PPC are ok, but the volumes for those are way better on other sites. I would steer clear of SC,MNC, WDC, MCX they are all tightly held or limited just to that site.

Depends on what your objective is.
I view altcoin trading as hotpotato trading; it's just a way to get more bitcoins. mcxNOW shows that really, who cares about the underlying coin? The charts only have the last 24h, and it's probably for a reason too. It's sort of a fusion of gambling and trolling.

Now, if you're going to tell me it's stupid, I certainly won't disagree

I am goign to tell you for 0.19 a share, Gaining from stupid gamblers is fun.

[xchrix]

mcxNOW offline for quite some time... hopefully it comes back up

[fran2k]

mcxNOW offline for quite some time... hopefully it comes back up

Panic.

[QuantPlus]

Yeah there's 16000 accounts but the volume just plain sucks, at a time too where volume on every other main exchange is through the roof.

It was actually picking up rather nicely until all the balances were sucked into buying mcxfees.

Seems a coincidence the trading volumes plummet after the mcxfee pre-sale ends, no?

Yeah because a large part of the User's Bitcoin was stuck in mcxFEE, so less liquidity on the market.
Add to that the huge price rise of bitcoin, and people are even less willing to spend them.

So you get a low volume for a few weeks. But there a lot of new user this days so the situation will improve quickly i think

When mcxFEEs get back up to 0.4 BTC, people will start selling them. As they sell them, they will start trading. A lot of people just aren't willing to let their 0.4 BTC FEEs go for only 0.2 BTC, at a 50% loss.

I have been told the site owner is buying up several thousands of fees gradually between 0.1-0.2BTC as they come onto the market. Who would be silly enough to sell at such a loss completely evades me, unless he had them in another account and  just sells them to himself,

Because in the meantime, bitcoin went super crazy.
So people want to ride it, so they sell at a loss*

*it's only a loss in term of BTC, the value stayed the same in term of USD

Actually, the Fees have more than doubled in USD.

IPO....... 0.40 @ $190 BTC =  $75

Nov 25.. 0.22 @ $800 BTC = $175

Some people will complain about fucking anything... BitCoin culture = GREED personified.

As CEO RS is just doing his job...
The primary job of the CEO is to maintain stock stability and increase value...
I'm happy RS has put a floor under the Fees...
Unlike the idiots at Ripple that allowed XRP to be mercilessly trashed and manipulated.

[erk]

Actually, the Fees have more than doubled in USD.

IPO....... 0.40 @ $190 BTC =  $75

Nov 25.. 0.22 @ $800 BTC = $175

Some people will complain about fucking anything... BitCoin culture = GREED personified.

As CEO RS is just doing his job...
The primary job of the CEO is to maintain stock stability and increase value...
I'm happy RS has put a floor under the Fees...
Unlike the idiots at Ripple that allowed XRP to be mercilessly trashed and manipulated.

Except the fees have never been priced in USD, I guess you could distract from the issue by comparing their performance to any other currency. How about Zimbabwe?

If you insist on making USD comparisons, then the issue is very clear, the fees cost 0.4BTC, if you didn't buy them and simply kept your 0.4BTC you would now have $320 instead of $175 so you have lost $145 profit by buying the fees.

There are too many fees in circulation atm. RS needs to buy back about another 5k to get them back to their former glory.

[QuantPlus]

Actually, the Fees have more than doubled in USD.

IPO....... 0.40 @ $190 BTC =  $75

Nov 25.. 0.22 @ $800 BTC = $175

Some people will complain about fucking anything... BitCoin culture = GREED personified.

As CEO RS is just doing his job...
The primary job of the CEO is to maintain stock stability and increase value...
I'm happy RS has put a floor under the Fees...
Unlike the idiots at Ripple that allowed XRP to be mercilessly trashed and manipulated.

Except the fees have never been priced in USD, I guess you could distract from the issue by comparing their performance to any other currency. How about Zimbabwe?

If you insist on making USD comparisons, then the issue is very clear, the fees cost 0.4BTC, if you didn't buy them and simply kept your 0.4BTC you would now have $320 instead of $175 so you have lost $145 profit by buying the fees.

There are too many fees in circulation atm. RS needs to buy back about another 5k to get them back to their former glory.

Why? Because your unbridled greed demands it?

[STT]

That should make little difference in the long term, the shares exist either way.   The price in other currencies does matter, if BTC doubles then its normal for prices in BTC to half unless the value of that item has also doubled.  So a negative point of view would be to say the Fees are overpriced or at least are more expensive now then at IPO.   Their income and its value has also risen so that might explain it also.  
In Zimbabwe shares rose 100% more then once, obviously they werent really gaining value it was just that currency exchange rates will affect prices

[Hazard]

Anyone still arguing that the fees were a good purchase is so deep in denial... Quite funny to watch.

[420]

mcxNOW offline for quite some time... hopefully it comes back up

Panic.

still down for me

5PM pacific time

[erk]

Anyone still arguing that the fees were a good purchase is so deep in denial... Quite funny to watch.

True, but only because RS released too many at once. If he had only released 5,000 at 0.4BTC it would be a different story.

[Hazard]

Anyone still arguing that the fees were a good purchase is so deep in denial... Quite funny to watch.

True, but only because RS released too many at once. If he had only released 5,000 at 0.4BTC it would be a different story.

Do you not think that was part of the plan?

1. Release a small amount of initial shares. The hypetrain pumps them far beyond their real value.
2. Freeze trading of shares, then dump a ton of shares on the market.
3. RS laughs all the way to the bank.

Most importantly number 2, this was extremely deliberate and calculated; he knew exactly what he was doing. I can't believe how many people here bought into this bullshit.

[420]

Anyone still arguing that the fees were a good purchase is so deep in denial... Quite funny to watch.

True, but only because RS released too many at once. If he had only released 5,000 at 0.4BTC it would be a different story.

Do you not think that was part of the plan?

1. Release a small amount of initial shares. The hypetrain pumps them far beyond their real value.
2. Freeze trading of shares, then dump a ton of shares on the market.
3. RS laughs all the way to the bank.

Most importantly number 2, this was extremely deliberate and calculated; he knew exactly what he was doing. I can't believe how many people here bought into this bullshit.

DDOs part of that or just revenge from u?

[isimme]

Anyone still arguing that the fees were a good purchase is so deep in denial... Quite funny to watch.

True, but only because RS released too many at once. If he had only released 5,000 at 0.4BTC it would be a different story.

Do you not think that was part of the plan?

1. Release a small amount of initial shares. The hypetrain pumps them far beyond their real value.
2. Freeze trading of shares, then dump a ton of shares on the market.
3. RS laughs all the way to the bank.

Most importantly number 2, this was extremely deliberate and calculated; he knew exactly what he was doing. I can't believe how many people here bought into this bullshit.

Stop with the FUD and worthless speculation.
None of us has any insider information.
Post and stick to the facts or
at least provide something substantial to support your wild and personally biased theories.
-Thanks