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Author Topic: New stock trading game  (Read 185 times)
Nvesto (OP)
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October 01, 2018, 12:16:34 PM
 #1

Hi guys,

We have launched a new stock trading platform at nvesto.io, which lets you start trading stocks in minutes. Participation is completely free of charge. Registration is straightforward. The goal is simple: make as much money on our platform as possible. Check it out if you are interested.

Nvesto

nvesto.io
Mirae
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October 01, 2018, 03:49:34 PM
 #2

it seems like a nice game but i dont think this belongs in gambling

SCAM ALERT: The Rock Trading Exchange (www.therocktrading.com): Deceives bitcoiners to create unverified accounts, blocks the withdrawals covertly in order to let the user keep depositing money and uses every pretext to keep it blocked "forever".
https://bitcointalk.org/index.php?topic=4975753.0
https://www.coinmedicate.com/the-rock-trading-selective-scam/
veleten
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October 01, 2018, 05:39:16 PM
 #3

it seems like a nice game but i dont think this belongs in gambling

it doesn't
also I don't think it belongs to bitcointalk forum in general since I haven't found any mention of bitcoins or altcoins
it is a trading stock game, arguably could go to trading section as some sort of a trading simulator
might open a free account if I have nothing better to do tomorrow and look around

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milewilda
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October 01, 2018, 07:30:06 PM
 #4

it seems like a nice game but i dont think this belongs in gambling

it doesn't
also I don't think it belongs to bitcointalk forum in general since I haven't found any mention of bitcoins or altcoins
it is a trading stock game, arguably could go to trading section as some sort of a trading simulator
might open a free account if I have nothing better to do tomorrow and look around
No bitcoin is being mentioned when i do read up on the site which you are right,this has nothing to do with crypto and shouldnt really be posted on here.
One thing about stock exchangers which it is highly regulated which do requires KYC but as being mentioned on the site you can create account straightforward and trade right away with stocks,which is
really quite shady and this line make me have doubts on this one.

To trade on Nvesto Stock Exchange you need to create an account and log in. You will receive a portfolio of virtual cash and shares of stocks, which can be easily traded. The goal is to make as much cash profit as you can by trading these stocks. The universal principle is very simple: buy low and sell high.

That universal principle or suggestion is way too generic.

Nvesto (OP)
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October 02, 2018, 06:01:21 AM
 #5

it seems like a nice game but i dont think this belongs in gambling

Thanks. Just to clarify: the game is played as follows. A newly registered user gets allocated shares of fictional stocks (which exist only on the Nvesto website) and some cash (in units of virtual currency of Citrine, which is Nvesto's official token cash). You can view the Citrine cash as casino chips: you get some to play (in the current version of the game you get it for free when you register), and when you check out you exchange it for money, as you would do on your way out of the casino. Hence the gambling theme.

In the future we are planning to upgrade the game by making it for-money. Correspondingly, it will be possible to make a real profit. So, in the future, Citrine will be bought for USD, and sold for USD (on the website this distinction between the current free Citrine and the future paid Citrine is accented by denominating the former as CTRn and the latter as CTRN). The analogy between Citrine and the casino chips, mentioned in the previous paragraph, will then be complete! This will also be ensured by maintaining a fixed exchange rate between USD and CTRN, which will also be identical for buying and selling CTRN.

This is a multi-player game, so your performance depends on your ability to predict how other people are going to play/trade. Notice that the "sentiment news" pop up every once in a while. Sentiments are visible to all users on the Order page, when the stock to be traded is selected. Sentiments can be positive or negative. But you need to decide for yourself whether positive sentiment should affect your trading strategy in a bullish way, or whether the negative sentiment should be perceived as bearish. Here agin your goal, for a successful performance in the game, is to determine how the majority of players are going to see those sentiments. The only factor which determines prices of Nvesto stocks are supply and demand of the users of Nvesto, so this is the key ingredient to appreciate.
CryptoGamblingSites
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October 03, 2018, 04:52:26 AM
 #6

Where is the part about bitcoin ? For the bitcointalk forum members that you are wanting to try this thing?

Even signing up just to see what it is, seems like a lot of work. Sorry OP.

Also, people were looking for your dev guy here https://bitcointalk.org/index.php?topic=4687445.40

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