ryanb
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April 25, 2014, 10:39:20 AM |
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hello everyone, i just bought about 0.1 btc worth of tekcoins on cryptsy which has been very hard, considering NOONE seems to want to sell their tek.
So i was impatient and bought into the sellorder book (i know it's bad); the thing that bothers me is that this little buy made the price go up about 7000sats.
Now, what if i want to sell my interests over the next months? will i just crush the price? should i offer to sell/buy tek on the forum? what is thebest solution and how do you guys buy/sell your teks?
put up a sell order and someone will buy it as you did |
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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mighty jol
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April 25, 2014, 10:44:18 AM |
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with a sell order i will nerver know if it will be filled ever?
let's say i want to sell at 25K , there is no way to tell when anyone wants to buy at this price (moreover, i just wanted to buy straight away)
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ryanb
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April 25, 2014, 10:48:57 AM |
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with a sell order i will nerver know if it will be filled ever?
let's say i want to sell at 25K , there is no way to tell when anyone wants to buy at this price (moreover, i just wanted to buy straight away)
it will be filled cuz when i tried to buy 2 months ago i did what you did since there is no volume, but once someone post any volume and someone wants to buy as long as the price is reasonable it should be filled and we need more exposure for the coin so new investors can invest in it and wants to spend money on it. The same goes with HBN it pays decent stake and volume is a little better than TEK but the same when someone post a descent amount it is gone right away. Volume was around 1.5 btc a day now it is between 6-7 btc daily which is a big improvement. |
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mighty jol
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April 25, 2014, 11:29:12 AM |
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ok i guess i just have to keep btc into my cryptsy account and spy the order books to find decent sell order then.
i can see the volume improvement on the charts, still the difference is huge between hbn and tek, i feel like hbn is starting to be big enough to eat up buy orders and don't be much affected
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ryanb
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April 25, 2014, 01:41:58 PM |
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ok i guess i just have to keep btc into my cryptsy account and spy the order books to find decent sell order then.
i can see the volume improvement on the charts, still the difference is huge between hbn and tek, i feel like hbn is starting to be big enough to eat up buy orders and don't be much affected
just place an order and when someone is ready to fill you, you will have your coins. Investors are holding on to their investments and selling their stakes, and tek stakes once a month not like HBN every 10 days so i believe this is why there is a difference in volume |
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mighty jol
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April 25, 2014, 01:45:59 PM |
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still, the fact that there is a 40% interest rate should imply more sells, compounding effect will be huge if you hold for let's say a year... the thing is if you want to invest big and get returns every month,it's hard.
how much is market cap?
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ryanb
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April 25, 2014, 02:17:23 PM |
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there is 100million coins to be mined
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solarion
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April 25, 2014, 02:18:44 PM |
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still, the fact that there is a 40% interest rate should imply more sells, compounding effect will be huge if you hold for let's say a year... the thing is if you want to invest big and get returns every month,it's hard.
how much is market cap? 679858.734603*current exchange rate huge = 6434% |
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thundertoe (OP)
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April 25, 2014, 04:56:04 PM |
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still, the fact that there is a 40% interest rate should imply more sells, compounding effect will be huge if you hold for let's say a year... the thing is if you want to invest big and get returns every month,it's hard.
how much is market cap? 679858.734603*current exchange rate huge = 6434% i used to have a nice simple calc link, this one works but isn't as clear http://www.csgnetwork.com/interestcomplexsavcalc.html |
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solarion
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April 25, 2014, 06:09:17 PM |
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still, the fact that there is a 40% interest rate should imply more sells, compounding effect will be huge if you hold for let's say a year... the thing is if you want to invest big and get returns every month,it's hard.
how much is market cap? 679858.734603*current exchange rate huge = 6434% i used to have a nice simple calc link, this one works but isn't as clear http://www.csgnetwork.com/interestcomplexsavcalc.htmlNice. I been using this one as it gives many fine details: http://www.webmath.com/compinterest.html |
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Biomech
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Anarchy is not chaos.
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April 25, 2014, 06:39:06 PM |
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still, the fact that there is a 40% interest rate should imply more sells, compounding effect will be huge if you hold for let's say a year... the thing is if you want to invest big and get returns every month,it's hard.
how much is market cap? 679858.734603*current exchange rate huge = 6434% i used to have a nice simple calc link, this one works but isn't as clear http://www.csgnetwork.com/interestcomplexsavcalc.htmlNice. I been using this one as it gives many fine details: http://www.webmath.com/compinterest.htmlI probably just missed it, but how does the compounding period work? Is it every thirty days, or is it thirty days initially, then a different timeframe after the coins are mature? Also, I still could really use a step by step guide to compiling linux wallets. Not just this one  Linux is a bit confusing for the newbie. Ok, a lot confusing. But still, I've about had it with the "improvements" to Windows. |
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mighty jol
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April 25, 2014, 07:02:12 PM
Last edit: April 25, 2014, 07:15:31 PM by mighty jol |
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compounding will just be effective as you stake your coins, so ifyou open your wallet every 2 months, your capital will compound every two months. best case scenario would be to stake every 30 days to increase the interests you can get over previous interests
btw 6300% is completely unreal, i mean there is no way someone who invest 1000$ into thoses coins and wait for a year can sell 64000 $ worth of tek
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psybits
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April 25, 2014, 07:48:01 PM |
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btw 6300% is completely unreal, i mean there is no way someone who invest 1000$ into thoses coins and wait for a year can sell 64000 $ worth of tek
But that's my master plan  Seriously though the new wallet looks good! |
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WildCrescent
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April 25, 2014, 08:00:21 PM |
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lol necro?  and is seems it belongs to ANN section? |
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ryanb
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April 25, 2014, 08:00:55 PM |
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is the new wallet ready for download?
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thundertoe (OP)
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April 25, 2014, 11:08:47 PM |
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is the new wallet ready for download?
coming soon, will be wrapped up with the rest of updates. |
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mighty jol
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April 25, 2014, 11:38:33 PM |
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Can t wait to see it. What do you think about big invrstments like we talked about, thundertoe? Can someone get out with a 6300% roi and not crush the price? How can this low market volume take in major sells due to compound stakes? I kind of worry about that the most right now
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thundertoe (OP)
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April 25, 2014, 11:58:10 PM |
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i can believe anything is possible after watching dogecoin go bananas.
Volume and growth, should increase at a steady pace. I would think it will go something like this,
1. early buyer buys holds and sells stake( i think many will "take" a portion of profit on first 30 days)
2. now has btc to trade the TEK market with,
3. short term flips that turn good = back to step 2 rinse repeat, and if a downtrend sends to wallet for stake back to step 1.
combine this with promotion i think we will see a gradually increasing trading volume as time goes on
price that is about impossible for me to guess a year out with so many factors.
However with a nice stake rate i think any price is good to buy in at, if TEK was 100$ or .1$ as long as price doesn't drop crazy to the floor from your buy in you should see nice return on investments. I mean in % return on initial sum, the coin price somewhat becomes irrelevant to the buyer as long as market doesn't crash and coin buy in price would feel about the same if your going to get 40% on x amount in.
I feel like this is the very early phase still for TEKcoin with the way mintage has been designed and they way it has flown under the radar, basically feels like TEKcoin is just now really launching.
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dickwhite
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April 26, 2014, 07:40:18 PM |
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The Six Million Dollar TEKcoin
TEKcoin, cryptocurrency. A coin barely alive. Gentlemen, we can rebuild it. We have the technology. We have the capability to build the world's first bionic coin. TEKcoin will be that coin. Better than it was before. Better, stronger, faster.
Clearly we need Lee Majors on board to endorse this coin.  |
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