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Author Topic: [mcxFEE]How fuck this coin is!  (Read 5378 times)
QuantPlus
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September 24, 2013, 08:13:02 PM
 #21

I doubt anybody buying at 0.99 is thinking fondly of all the upcoming dividends.

People are just buying it because it keeps going up in price. AKA bubble.

If you work out the dividends even 0.3 is overpriced compared to other Bitcoin stocks out there.

Don't get me wrong, obviously I would have loved to have gotten in at 0.2 but people buying now are simply not being analytical.

It's not about the dividends... it's about the trading...
It's just a fabulous thing to trade if you know what you are doing.

There are 5,000 shares outstanding... daily volume = 1,000.

I've done about 100 trades... position = 0

If RS allows shorting the volume with go up...
No even better... RS should build a simple mcxFEE futures market...
Volume will go thru the roof.
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September 24, 2013, 08:45:34 PM
 #22

the question should rather be : WHY XPM? Because there is no innovation.


You seem to have something personal against Primecoins. It is one of very few coins that actually do have some innovation.


Now, whether it will be successful or not is another matter. We will just have to wait and see.
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September 27, 2013, 12:41:12 AM
 #23

mcxFEE has the biggest buy order book atm, but Solidcoin is not far behind. The sum of the other coins order books exceeds mcxFEE, so it's just fotm most likely. An interesting experiment by mcxNOW well worth watching.

 

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September 27, 2013, 12:57:02 AM
 #24

Man, people have been very creative in this new and "innovative" space. What about let's make a new coin, keep all for ourselves in some fictitious project like becoming the greatest way of buying thing, like ripple, then issue shares to the public? Grin Grin

                                 
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erk
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September 27, 2013, 01:01:25 AM
 #25


Seriously, mcxNOW is now valued at $12,000,000...
And your buddy RS has only managed to monetize 5%...
A measly 5% @ 0.1 BTC  = $60,000.

This is for an exchange that is GROSSING maybe 3 BTC/day.

There is only one possible move here = you keep things running smoothly.

Then you either sell more shares to the public...
Or sell the whole exchange to another party.


There is a flaw in this calculation, not every share was sold at the same price, the owner could not suddenly dispose of his shares without destroying the price, so the $12mill figure at this point is a pipe dream.




Man, people have been very creative in this new and "innovative" space. What about let's make a new coin, keep all for ourselves in some fictitious project like becoming the greatest way of buying thing, like ripple, then issue shares to the public? Grin Grin
mcxFEE is not a coin, there is no client for it, it's simply a dividend paying share of the mcxNOW exchange, just like stock market exchanges offer, any crypto exchange could offer the same. You seem to be having a problem with this basic concept. I see nothing wrong with the idea, as long as the remaining 45k shares on offer, get released slowly over time so as not to crash the price.
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September 27, 2013, 01:07:21 AM
 #26

Obviously this stock is manipulated.

erk
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September 27, 2013, 01:14:56 AM
 #27

Obviously this stock is manipulated.
Proof?
QuantPlus
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September 27, 2013, 02:55:23 AM
 #28


Seriously, mcxNOW is now valued at $12,000,000...
And your buddy RS has only managed to monetize 5%...
A measly 5% @ 0.1 BTC  = $60,000.

This is for an exchange that is GROSSING maybe 3 BTC/day.

There is only one possible move here = you keep things running smoothly.

Then you either sell more shares to the public...
Or sell the whole exchange to another party.



There is a flaw in this calculation, not every share was sold at the same price, the owner could not suddenly dispose of his shares without destroying the price, so the $12mill figure at this point is a pipe dream.


Since you feel that the free market is totally wrong...
You must be a big fan of Central Planning.

Why don't you form a Committee of Experts, come up with numbers, and we'll all just use those.
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September 27, 2013, 03:07:37 AM
 #29


Seriously, mcxNOW is now valued at $12,000,000...
And your buddy RS has only managed to monetize 5%...
A measly 5% @ 0.1 BTC  = $60,000.

This is for an exchange that is GROSSING maybe 3 BTC/day.

There is only one possible move here = you keep things running smoothly.

Then you either sell more shares to the public...
Or sell the whole exchange to another party.



There is a flaw in this calculation, not every share was sold at the same price, the owner could not suddenly dispose of his shares without destroying the price, so the $12mill figure at this point is a pipe dream.


Since you feel that the free market is totally wrong...
You must be a big fan of Central Planning.

Why don't you form a Committee of Experts, come up with numbers, and we'll all just use those.
I don't feel the free market is wrong, I feel YOU are wrong but most like you are just another troll to be ignored.

QuantPlus
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September 27, 2013, 12:55:43 PM
 #30


Seriously, mcxNOW is now valued at $12,000,000...
And your buddy RS has only managed to monetize 5%...
A measly 5% @ 0.1 BTC  = $60,000.

This is for an exchange that is GROSSING maybe 3 BTC/day.

There is only one possible move here = you keep things running smoothly.

Then you either sell more shares to the public...
Or sell the whole exchange to another party.



There is a flaw in this calculation, not every share was sold at the same price, the owner could not suddenly dispose of his shares without destroying the price, so the $12mill figure at this point is a pipe dream.


Since you feel that the free market is totally wrong...
You must be a big fan of Central Planning.

Why don't you form a Committee of Experts, come up with numbers, and we'll all just use those.
I don't feel the free market is wrong, I feel YOU are wrong but most like you are just another troll to be ignored.



You are obviously being manipulated.
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September 27, 2013, 12:58:01 PM
 #31

It's a nice exchange, but the mcxFEE shares are WAY over priced. There's so much speculation built into the asking price right now that it's going to be pretty harsh for some people when RS releases more shares.

Which is why I tell the pumpers to pump it up more. The higher it goes the harder it will fall. It is laughable that 1 mcxFEE share is 0.991 BTC.

 Cheesy

So his entire supply of shares is worth ~99,100 BTC. Which is again laughable.

You can't measure it this way. Right now it is being seen as a game - people are buying/selling to make money. I doubt anybody buying at 0.99 is thinking fondly of all the upcoming dividends.

Yes I can. RS has created 100,000 shares of which he holds the majority of.

So 100,000 * 0.991 = 99,100 BTC market cap of his "stock".

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September 27, 2013, 01:44:07 PM
 #32

It's a nice exchange, but the mcxFEE shares are WAY over priced. There's so much speculation built into the asking price right now that it's going to be pretty harsh for some people when RS releases more shares.

Which is why I tell the pumpers to pump it up more. The higher it goes the harder it will fall. It is laughable that 1 mcxFEE share is 0.991 BTC.

 Cheesy

So his entire supply of shares is worth ~99,100 BTC. Which is again laughable.

You can't measure it this way. Right now it is being seen as a game - people are buying/selling to make money. I doubt anybody buying at 0.99 is thinking fondly of all the upcoming dividends.

Yes I can. RS has created 100,000 shares of which he holds the majority of.

So 100,000 * 0.991 = 99,100 BTC market cap of his "stock".

What I meant was the actual returns on the shares are immaterial to the traders right now. They are buying solely to sell it and make some profits.

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September 27, 2013, 01:58:52 PM
 #33

xpm is going down partly because xpm gpu miner was disappointment. Working gpu miner should increase number of willing miners aka xpm users and decrease reward due to higher difficulty, which would make xpm more scarce.

With 16k coins/day it is hard to sustain current price just to fill pockets of botnet owners.
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September 27, 2013, 02:05:54 PM
 #34

xpm is going down partly because xpm gpu miner was disappointment. Working gpu miner should increase number of willing miners aka xpm users and decrease reward due to higher difficulty, which would make xpm more scarce.

With 16k coins/day it is hard to sustain current price just to fill pockets of botnet owners.

Wrong thread?

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September 27, 2013, 02:55:32 PM
 #35

It's a nice exchange, but the mcxFEE shares are WAY over priced. There's so much speculation built into the asking price right now that it's going to be pretty harsh for some people when RS releases more shares.

Which is why I tell the pumpers to pump it up more. The higher it goes the harder it will fall. It is laughable that 1 mcxFEE share is 0.991 BTC.

 Cheesy

So his entire supply of shares is worth ~99,100 BTC. Which is again laughable.

You can't measure it this way. Right now it is being seen as a game - people are buying/selling to make money. I doubt anybody buying at 0.99 is thinking fondly of all the upcoming dividends.

Yes I can. RS has created 100,000 shares of which he holds the majority of.

So 100,000 * 0.991 = 99,100 BTC market cap of his "stock".

What I meant was the actual returns on the shares are immaterial to the traders right now. They are buying solely to sell it and make some profits.

It's a great scalping stock because it feels like there's a floor...
Last 48 hours 2 blocks of 300 and 100 sold around 0.9 with little impact...
mcxNOW is a lot cheaper and rational than XRP...
RS could easily float another 5% without impacting the price.

RS, just do it, baby.
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September 27, 2013, 03:40:56 PM
 #36

this is related:

topic: Price manipulation and market frontrunning at mcxnow.com

https://bitcointalk.org/index.php?topic=303493.new#new
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September 27, 2013, 03:41:53 PM
 #37

This is inaccurate. Not all the money has shifted from the ALTS.

There is new fresh money coming in Fiat -> BTC -> MCXNOW -> FeeShares


Quote:
Ya man, about $500,000 has shifted from Alts like XPM to mcxFEE shares...
Nobody even bothers doing the math.



All the people at mcxnow sold their xpm, their ltc and other coins to buy mcxFEE.

The price has been going up from 0.2 to 0.9.

And the price for xpm has been down and down, it may be dead, what the fuck mcxFEE it is.

If XPM is dead, where is the fee?

ever considered the fact that XPM doesn't do anything groundbreaking to maintain or increase it's value could be a cause? Smiley

Ya man, about $500,000 has shifted from Alts like XPM to mcxFEE shares...
Nobody even bothers doing the math.
 
And mcxNOW deliberately makes it hard to do any sort of basic financial analysis...
Posting all kinds of false and unexplained numbers for Percent Return on the shares.

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September 27, 2013, 03:43:33 PM
 #38

Yeah, highly recommended for a good laugh.


this is related:

topic: Price manipulation and market frontrunning at mcxnow.com

https://bitcointalk.org/index.php?topic=303493.new#new

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September 27, 2013, 03:53:27 PM
 #39

this is related:

topic: Price manipulation and market frontrunning at mcxnow.com

https://bitcointalk.org/index.php?topic=303493.new#new

I don't think you understand, YOUR POST is market manipulation, trying to scare folks with your conspiracy claims.

What you are seeing is free market. People buy the fee shares because they believe they are worth the price, nothing more, nothing less.

The actual 'Manipulation' is fear-mongers like you and other BTC-e, Crypsy, MtGox trolls, trying to drive the price down with obvious inventions and incredible (mathematically unsound) trading algorithms and posing them as 'warnings' to unsophisticated investors and traders.

If you don't like what you see, move the hell out of the way, the stampede of others with more brains than you, are getting sick at your constant whining.

-Jarl

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QuantPlus
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September 27, 2013, 08:15:36 PM
 #40

this is related:

topic: Price manipulation and market frontrunning at mcxnow.com

https://bitcointalk.org/index.php?topic=303493.new#new

I don't think you understand, YOUR POST is market manipulation, trying to scare folks with your conspiracy claims.

What you are seeing is free market. People buy the fee shares because they believe they are worth the price, nothing more, nothing less.

The actual 'Manipulation' is fear-mongers like you and other BTC-e, Crypsy, MtGox trolls, trying to drive the price down with obvious inventions and incredible (mathematically unsound) trading algorithms and posing them as 'warnings' to unsophisticated investors and traders.

If you don't like what you see, move the hell out of the way, the stampede of others with more brains than you, are getting sick at your constant whining.

-Jarl

Jarl, baby, even Rocket Scientists thread-jack sometimes...
But we need to know... how fuck this coin is... or maybe not so fuck? 
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