siva_gami1203
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Activity: 22
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April 18, 2014, 09:32:32 PM |
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Interesting times. Am very curious what price the stakes will reach at auction.
max 5 btc. beyond that there will not be a good return for those winning the bids And you say that based on what? 5 btc would put NEM at 20000 BTCs which is roughly around $10M. My guess is NEM would have a market cap of 50 - 70M in the initial weeks. Wouldn't those bidding expect a return of 500%? Well this is my opinion.
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bluewhackadoo
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April 18, 2014, 09:40:59 PM |
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Interesting times. Am very curious what price the stakes will reach at auction.
max 5 btc. beyond that there will not be a good return for those winning the bids And you say that based on what? 5 btc would put NEM at 20000 BTCs which is roughly around $10M. My guess is NEM would have a market cap of 50 - 70M in the initial weeks. Wouldn't those bidding expect a return of 500%? Well this is my opinion. Despite my real world energy drink transaction at a .50 USD exchange rate I would say 50 - 70M out the box is an ambitious market cap projection.
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robertjr
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April 18, 2014, 09:54:53 PM |
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To UF: I saw some of my clients on the refund list. These are people I know in my personal life and I recommended investing in NEM for them. I acted as a broker for them because they are not very knowledgeable about crypto or advanced in PC use. They have already paid me fiat for their stake and were patiently waiting for me to update them on the status of the coin. They are as follows: nateM7654 annT78 camaronloco mich38754 eylucu4531 michaelW8796i I had already talked to you prior to this to make sure it was ok to act as broker for other people who are not very aware of these forums/crypto coin scene. And yes I did create an account for each because that's how you stated I should go about investing for them. Here is your original response: Yes that should be the way because your friend represents the new account. So make a new account for him and reserve a stake from that account. You can send NXT from the same address as well (maximum 2 stake per address).
1 NEM share would have > 1 million NEM. So there are many to share. No need to buy a lot of stakes. Thanks for supporting NEM. Thank you for clearing this up. I will get to it as soon as possible. For the greedy it might be good for a while, but they will always lose out in the end. That's my philosophy and experience. I would give him one additional stake to divide between the six and refund the other five spots. 166,666 NEM (1M/6) each is still a lot. It's not fair, I had discussed this with UtopianFuture in order to avoid all of these problems. I did everything transparent to make sure that UF knew I wasn't a scammer, I was just helping other people in my life invest into NEM. Now I have to refund their money, lose their trust, and even lose money because I bought NXT at a higher price to buy into NEM. I still see no reply to my post from dev. I did all of this before I proceded to take people's investment, he assured me it was ok so I was paid fiat by these people. They get in touch with me almost weekly to keep them updated, now I have to tell them we are being called scammers and give them money + some of my money back. I have already been scammed out of BTC from other scam/fake coins. If this doesn't go through, I will stay away from cryptocoins until a real company develops a real working product. The whole point to crypto was to be decentralized money for the world, but with all the scams and fake accusations like NEM is doing, many people like me will back out and instead wait until a competent company with a real coin and devs shows up. This will inevitably cancel out the revolutionary idea behind cryptos. It was only a suggestion, and it was overly fair. There is zero activity on your six "friends" accounts and so far they have been no benefit to NEM. Tell your "friends" about the auction.
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siva_gami1203
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Activity: 22
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April 18, 2014, 09:59:23 PM |
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Interesting times. Am very curious what price the stakes will reach at auction.
max 5 btc. beyond that there will not be a good return for those winning the bids And you say that based on what? 5 btc would put NEM at 20000 BTCs which is roughly around $10M. My guess is NEM would have a market cap of 50 - 70M in the initial weeks. Wouldn't those bidding expect a return of 500%? Well this is my opinion. Despite my real world energy drink transaction at a .50 USD exchange rate I would say 50 - 70M out the box is an ambitious market cap projection. I thought its a realistic projection. Whats your projection?
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TwinWinNerD
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Activity: 1680
Merit: 1001
CEO Bitpanda.com
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April 18, 2014, 10:13:48 PM |
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Interesting times. Am very curious what price the stakes will reach at auction.
max 5 btc. beyond that there will not be a good return for those winning the bids And you say that based on what? 5 btc would put NEM at 20000 BTCs which is roughly around $10M. My guess is NEM would have a market cap of 50 - 70M in the initial weeks. Wouldn't those bidding expect a return of 500%? Well this is my opinion. Even if someone was willing to pay 5 or 10 BTC per stake, the people selling their stake would much lower the price, because at over 2-3 BTC, many people would sell to realize their profit!
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twistelaar
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Activity: 1148
Merit: 1000
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April 18, 2014, 10:22:57 PM |
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dzarmush
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Activity: 1806
Merit: 1001
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April 18, 2014, 10:24:11 PM |
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Interesting times. Am very curious what price the stakes will reach at auction.
max 5 btc. beyond that there will not be a good return for those winning the bids And you say that based on what? 5 btc would put NEM at 20000 BTCs which is roughly around $10M. My guess is NEM would have a market cap of 50 - 70M in the initial weeks. Wouldn't those bidding expect a return of 500%? Well this is my opinion. Even if someone was willing to pay 5 or 10 BTC per stake, the people selling their stake would much lower the price, because at over 2-3 BTC, many people would sell to realize their profit! Well, at least we'll see how this distribution model works. Lots of people got their stakes for free. I got mine for 10 Nxt ) Even 1 btc will be a great return. Also 10 Btc for 1M Nem is crazy. There are 4B coins which makes Nem at least 4 times cheaper than Nxt and 250K Nxt cost about 12.5 btc now. I can't imaging somebody buying 1M Nem even for 5 btc. Not before Nxt costs x10 from today price.
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twistelaar
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Activity: 1148
Merit: 1000
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April 18, 2014, 10:26:09 PM |
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where can I find the final stake holder list? Can't see it on page 1. thanks
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Hollowman338
Legendary
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Activity: 1246
Merit: 1000
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April 18, 2014, 10:28:39 PM |
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Interesting times. Am very curious what price the stakes will reach at auction.
max 5 btc. beyond that there will not be a good return for those winning the bids And you say that based on what? 5 btc would put NEM at 20000 BTCs which is roughly around $10M. My guess is NEM would have a market cap of 50 - 70M in the initial weeks. Wouldn't those bidding expect a return of 500%? Well this is my opinion. Even if someone was willing to pay 5 or 10 BTC per stake, the people selling their stake would much lower the price, because at over 2-3 BTC, many people would sell to realize their profit! Shortsighted. Good to weed out the weak in the beginning
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Hollowman338
Legendary
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Activity: 1246
Merit: 1000
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April 18, 2014, 10:30:12 PM |
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Interesting times. Am very curious what price the stakes will reach at auction.
max 5 btc. beyond that there will not be a good return for those winning the bids And you say that based on what? 5 btc would put NEM at 20000 BTCs which is roughly around $10M. My guess is NEM would have a market cap of 50 - 70M in the initial weeks. Wouldn't those bidding expect a return of 500%? Well this is my opinion. Even if someone was willing to pay 5 or 10 BTC per stake, the people selling their stake would much lower the price, because at over 2-3 BTC, many people would sell to realize their profit! Well, at least we'll see how this distribution model works. Lots of people got their stakes for free. I got mine for 10 Nxt ) Even 1 btc will be a great return. Also 10 Btc for 1M Nem is crazy. There are 4B coins which makes Nem at least 4 times cheaper than Nxt and 250K Nxt cost about 12.5 btc now. I can't imaging somebody buying 1M Nem even for 5 btc. Not before Nxt costs x10 from today price. We are NEM. Who is this NXT?
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Simakki
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April 18, 2014, 10:50:45 PM |
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I dont understand why people still compare NEM to the NXT, lead nowhere.
After auction there will be a realistic valuation, but this should be the market cap before launch. Im gonna hold majority of my NEM coins, because if everything goes like the devs have projected, NEM should be totally different than this older alts or btc and after 1-2 years we'll see how it has worked. It is little bit sad that so many of the guys just want to make a quick profit.
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TwinWinNerD
Legendary
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Activity: 1680
Merit: 1001
CEO Bitpanda.com
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April 18, 2014, 10:58:07 PM |
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Interesting times. Am very curious what price the stakes will reach at auction.
max 5 btc. beyond that there will not be a good return for those winning the bids And you say that based on what? 5 btc would put NEM at 20000 BTCs which is roughly around $10M. My guess is NEM would have a market cap of 50 - 70M in the initial weeks. Wouldn't those bidding expect a return of 500%? Well this is my opinion. Even if someone was willing to pay 5 or 10 BTC per stake, the people selling their stake would much lower the price, because at over 2-3 BTC, many people would sell to realize their profit! not really.. if people are willing to bid for a stake pre launch then it shows how much demand there is for stakes... the more demand the more people will want to hold and see what happens... but there is always a point when the rice price is reached.. for me for a nem stake it would be atleast 6-7 btc... no less... If NEM stakes get traded at 5-10 BTC I will sell mine and rebuy NEM at launch. Just because EVERY other coin launch had significant dips at the launch. I want to be part of this project, but I also have some common sence that his project wont be valued at 20-30k BTC from the early start.
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amsshel
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Activity: 9
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April 19, 2014, 12:01:43 AM |
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I am new to BTT. how can I buy a stake?
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samysamy1
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April 19, 2014, 12:02:35 AM |
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Been thinking about it for a while and looking at the complaint thread makes me laugh: It's like some have reserved a stake for their partner, their mother, father, son, daughter, sister, brother, uncle, aunty, grandpa, grandma, maybe even created an account for an unborn child I think no one should have more than 1 per household, and if you have friends you should share your stake with them, I mean that's what real friends do
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Hollowman338
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Activity: 1246
Merit: 1000
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April 19, 2014, 12:06:31 AM |
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I am new to BTT. how can I buy a stake?
At the upcoming public auction.
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GeorgeW
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April 19, 2014, 12:15:42 AM |
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At the upcoming public auction.
When is the auction? Is there a date set for NEM's launch yet?
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nxtvisa
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April 19, 2014, 12:17:50 AM |
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Happy birthday NEM thread! +1 +1000;Hits 400 pages soon
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minerfool
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April 19, 2014, 12:18:51 AM |
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what will be the details of the auction? Will it be blind, where everyone submits a closed bid?
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nxtvisa
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April 19, 2014, 12:21:09 AM |
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At the upcoming public auction.
When is the auction? Is there a date set for NEM's launch yet? I guess soon, I suggest you look at every day NEM forums and community updates, you'll know the exact date。
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