ThomasCrowne
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★☆★ 777Coin - The Exciting Bitco
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June 27, 2014, 02:18:36 AM |
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So would it be worth it for me to buy about 3.5BTC worth of this asset for long term? Estimating it would get me around 81 shares at current prices. Are these a good buy at present?
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Collider
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June 27, 2014, 08:38:36 AM |
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So, will we be mining on p2pool soon?
What is the result of the survey?
The unit price is more than fair at this point, for 1,6$ per GH for hosted hardware...
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Puppet
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June 27, 2014, 10:17:42 AM |
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The unit price is more than fair at this point, for 1,6$ per GH for hosted hardware...
Not hosted. That price doesnt include the skyhigh hosting fees (70+ BTC per week) . It doesnt include the ~540BTC loan which means this security only pays out half of its mining revenue, the other half goes to pay off the loan, quite possibly forever. So its more like $3.2 per GH and that price excludes mandatory and excessive hosting fees. One hell of deal
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BiteMyShinyMetalAss
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June 27, 2014, 10:24:21 AM |
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Lol honestly at the start I used to come in here seeing puppets posts thinking what a tool. He's starts throwing numbers out there, I gtfo at and average of 0.074. Happy with that since I bought at 0.05. But honestly looking at these posts puppet you are a fucking machine lol the amount of effort you put into the research is impeccable and commendable in itself to think this bloke must have the biggest vendetta against cryptx god knows why. It's like u woke up one morning popped up and said, I'm going to destroy this security. And you really have succeeded. You're an animal lol
Agree, i did the same as you. Also, scrypt is left alone. I think puppet should go there too...
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naaktslak
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June 27, 2014, 10:30:18 AM |
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why is the price halved will it ever go up?
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Puppet
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June 27, 2014, 10:35:04 AM |
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Agree, i did the same as you. Also, scrypt is left alone. I think puppet should go there too...
I am getting lots of questions about scryptx. The simple reality is that I am not following the alt coin scene at all, so I do not have an informed opinion. In general the same principles will apply, but given how new scrypt asic market is, I cant say there wont be opportunities at some point, and saving coins to wait for such an opportunity makes sense, even if I doubt there will be one or that cryptx will find it. The value of those alt coins themselves is another topic I wont get in to here, other than saying Id think twice to spend BTC to buy an altcoin revenue source. Anyway, scryptx may be a bad investment, but at least its not a mathematically certain disaster like petamine is.
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blizeH
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June 27, 2014, 12:17:52 PM |
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So Puppet, I'm curious, what in your opinion is a good investment? Crypto related or otherwise.
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NotLambchop
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June 27, 2014, 01:02:30 PM |
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Dear Hodlers! This is your painful predicament, depicted by the one who started the Hodler craze--a man shaped by loss and faith in symmetry, Ferdinand Hodler. The angels watching over you are his wife, Augustine. Yes, all of them. She ded. Leaving you in my capable (though reluctant) care. Now please get dressed, no good will come of this...
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ChevaL
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June 27, 2014, 01:59:01 PM |
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Dear Hodlers! This is your painful predicament, depicted by the one who started the Hodler craze--a man shaped by loss and faith in symmetry, Ferdinand Hodler. The angels watching over you are his wife, Augustine. Yes, all of them. She ded. Leaving you in my capable (though reluctant) care. Now please get dressed, no good will come of this... Time and time again, you assume that posting images makes you interesting.
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NotLambchop
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June 27, 2014, 02:56:33 PM |
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^ Thanks for making your thoughts known, Mr. Ed! "I... have so much strength inside of me that you guys don't even KNOW what I could do. If the world refuses to love me then I will teach it to FEAR ME INSTEAD!!1!"--SB
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EdoBcn
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June 27, 2014, 03:04:35 PM |
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Anyway, scryptx may be a bad investment, but at least its not a mathematically certain disaster like petamine is.
Thanks, some figures as I am actually invested there: Overall Hosting rate of 6.54% of the mined total. Total mined: 221.88 btc Hosting: 14.51 btc Reinvestment: 124.42 btc Dividends until now: 82.95 btc Dividend rate ~stable at 36/37% of mined (or ~1.5% of current value). All variables of PETA applies here, with on top of those also the exchange rate of Altcoins into BTC... So, everything and the opposite of everything can still happen. Date Dividend 16/05/2014 0,000572957 23/05/2014 0,000576377 30/05/2014 0,000539549 06/06/2014 0,000408045 13/06/2014 0,000344046 20/06/2014 0,000376753
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Puppet
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June 27, 2014, 04:09:31 PM Last edit: June 27, 2014, 05:41:59 PM by Puppet |
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So Puppet, I'm curious, what in your opinion is a good investment? Crypto related or otherwise.
I consider Bitcoin itself a risky but potentially very lucrative investment that makes sense. Im not aware of any bitcoin investments that Id call good. And that should surprise no one, there are millions of bitcoins in wallets with owners looking to grow their stash and willing to invest in anything that moves, and there is precious little available for the public to invest in. That alone drives up prices, creates bubbles, with no way to short sell them to deflate the bubbles and should make you think twice. Here is the kicker though, no matter how wise everyone would invest, the bitcoin economy does not create more bitcoins, other than the ones that are mined, and those are mined anyhow. So it should be clear that on average, no one wins. The overall gain is in the increase of the value of the bitcoins themselves. Add to that the fact that a large portion of these "investment opportunities" are plain scams, and therefore profitable for the scammer, and its mathematical certainty that the average investor will make a BTC denominated loss. This is very different from the fiat economy, where new money is actually created through good investments, and the loss is the devaluation of the currency for everyone who keeps theirs under their mattress. TL:DR: invest your fiat in whatever fiat denominated asset you think makes sense or invest in bitcoins that you keep in cold storage. Trying to do both by investing in bitcoin securities, generally is stupid. Just ask yourself: where would your BTC denominated profit come from? Who is paying for it? Unlike fiat, bitcoins can not be created from thin air and your profit is not gonna come from my cold wallet either.
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NotLambchop
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June 27, 2014, 05:52:27 PM |
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Anyone here good at TA?
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ChevaL
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June 27, 2014, 05:57:06 PM |
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Anyone here good at TA? Bubble incoming
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Puppet
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June 27, 2014, 05:57:52 PM |
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Incoming? Lol, it hasnt even properly burst yet. Cryptx investor checks latest dividend:
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nwfella
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Well hello there!
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June 27, 2014, 06:13:34 PM |
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Dividend: 0.00142891BTC/unit
Ha...ole puppet was off by at least a good 1000 satoshi's!! Somehow not making me feel all that much better. Guess we'll see shortly if cryptx steps in with some sort of ground-breaking news...otherwise I think the long-term viability of this asset is pretty much shot.
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¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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crino
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June 27, 2014, 06:16:00 PM |
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June 27th, 2014 - Details about this week’s dividend payout: 294.78042778 BTC in total from mining and converted NMC’s
- 110.72919694 BTC as dividend (0.00142891 BTC/share) - 110.72919694 BTC as payment for hardware (427.621621 BTC remaining) - 73.32203390 BTC as hosting fee
More info about the vote to p2pool will follow soon.
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Puppet
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June 27, 2014, 06:23:38 PM |
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if cryptx steps in with some sort of ground-breaking news...
Like what.. Cryptx announce it will hardfork bitcoin and ignore difficulty from now on so investors can be made whole in crytpxcoins? But hey, not all is lost, next difficulty adjustment estimate is sliding again. Right now its "only" 16,840,874,267 (+25.09%). At that difficulty you will mine 240 BTC per week, good for (240-73) /2 = 83.5 BTC per week or 0,001077 per share. Thats way up from my previous 0,001000 estimate (even if still way below what I used in my simulations)
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ChevaL
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June 27, 2014, 06:28:14 PM |
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Incoming? Lol, it hasnt even properly burst yet. Cryptx investor checks latest dividend: I was kidding. Puppet, while I don't like your ''bully'' approach, I appreciate all the feedback / TAs you provided. I managed to turn this mess into a profit and I feel that while you may be slightly annoying at times, you contributed to my success. Have a nice weekend ++
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