Elvis Trout
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Activity: 116
Merit: 10
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May 30, 2014, 05:38:29 PM |
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Why not invest in some x11 targeted machines to take advantage of darkcoin?
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Pentax
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May 31, 2014, 12:27:20 AM |
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Update about this weeks dividend payout:
Reinvestment funds now top 74BTC, we plan to further grow the reinvestment funds before making any new purchases. The market has to mature further with more Scrypt ASIC manufacturers before the price of hardware will go down. well no shit, but what exactly does that mean? that no hardware will be purchased until then? when is then? |
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chkgk
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Activity: 63
Merit: 10
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May 31, 2014, 11:31:04 AM |
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I am not quite sure I understand why the share price is dropping like this.
The operation is barely 4 weeks old, dividends coming in regularly and at a level which is as expected for the exchange rate between ltc/bt.c dividend yield was more than generous with ~70% at ipo share price given the project is run by the same people that run peta-mine. They are not nobodies, the risk of them running away is far lower than some of the other projects around here. They have a track record of being able to actually run something like this. Still shareholders are backing away and are selling (presumably) at a loss after only three weeks of dividends.
What am I missing?
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Antoine777
Newbie
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Activity: 36
Merit: 0
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May 31, 2014, 12:06:51 PM |
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Many people dont trust Cryptx anymore.
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fractal02
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May 31, 2014, 12:27:22 PM |
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Many people dont trust Cryptx anymore.
Roadmap must be more clear about futur hardware reinvestment. Also, price per unit for 100 KH/s is pretty high with the reinvestment + hosting fee. And Scrypt hardware are flooding the market... Right now i have 5 MH/s ( ~ 2 BTC ) but it's like i have 2.5 MH/s in dividends...maybee it's worth it...or not... If share increase in hashrate in the futur, ok but if not (or just a little increase...) well...Gridseed blade are at 699 $ for 5.2 MH/s...with 5.2 MH/s hashing for you, not 2.5, 2.1 or 2.8... Maybee it's time to think twice about my SCRYPTX investment... |
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VonSpecht
Newbie
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Activity: 45
Merit: 0
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May 31, 2014, 12:58:09 PM |
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I am not quite sure I understand why the share price is dropping like this.
The operation is barely 4 weeks old, dividends coming in regularly and at a level which is as expected for the exchange rate between ltc/bt.c dividend yield was more than generous with ~70% at ipo share price given the project is run by the same people that run peta-mine. They are not nobodies, the risk of them running away is far lower than some of the other projects around here. They have a track record of being able to actually run something like this. Still shareholders are backing away and are selling (presumably) at a loss after only three weeks of dividends.
What am I missing?
Or maybe it's just these same people who first sold their PETA shares for ridiculously low price to buying SCRYPT and now their risk tolerance has come to it's end and they are selling again in panic? Just guessing... But also have to say that the communication level of CryptX has recently been unforgiving poor on there, that could be part of the reason? |
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DropDead.Be
Newbie
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Activity: 56
Merit: 0
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May 31, 2014, 03:49:06 PM |
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Current yield +100%  a bright way of seeing the 45% share price drop. Don't got any spare coins to buy in on these low prices  |
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chkgk
Member
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Activity: 63
Merit: 10
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May 31, 2014, 04:16:04 PM |
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I am expecting some peta-shareholders selling at above what they bought (old, not newly offered shares) and moving into scryptx at these low prices with high dividend yield (at least until dividends are being paid for peta-shares again).
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Elvis Trout
Member
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Activity: 116
Merit: 10
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June 01, 2014, 09:41:06 AM |
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Someone just bought up everything under 0.03!
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EdoBcn
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June 02, 2014, 07:43:41 AM |
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Someone just bought up everything under 0.03!
And they keep doing it. Wonder if it's time to increase my shares as well At least this project didn't go through all the issues of peta |
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karol
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June 02, 2014, 07:48:50 AM |
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Someone just bought up everything under 0.03!
And they keep doing it. Wonder if it's time to increase my shares as well At least this project didn't go through all the issues of peta Yes I am collecting money to increasy my shares:) 93% yeld is beautifull and waiting for LTC price boost as always afterr BTC prices rise LTC should rise as well. |
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EdoBcn
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June 02, 2014, 08:50:43 AM |
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Yes I am collecting money to increasy my shares:) 93% yeld is beautifull and waiting for LTC price boost as always afterr BTC prices rise LTC should rise as well.
oh it's you! Well, I'm still in at IPO price... so will have to stay longer to see some good window opening for sell time |
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karol
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June 02, 2014, 08:55:25 AM |
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Yes I am collecting money to increasy my shares:) 93% yeld is beautifull and waiting for LTC price boost as always afterr BTC prices rise LTC should rise as well.
oh it's you! Well, I'm still in at IPO price... so will have to stay longer to see some good window opening for sell time No unfourtanelty it wasn't me. I am too at IPO prices with around 90%, 10% is below but will buy new shares to increase this below IPO% becouse I belive that soon it will be more than 0.038. |
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IamNotSure
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June 02, 2014, 09:38:41 AM |
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Yes I am collecting money to increasy my shares:) 93% yeld is beautifull and waiting for LTC price boost as always afterr BTC prices rise LTC should rise as well.
oh it's you! Well, I'm still in at IPO price... so will have to stay longer to see some good window opening for sell time Don't forget that 0.0042 BTC / share has already been mined (60% of it sits in the reinvest fund) I you bought @ 0.038, your break even point is a bit under 0.034 |
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EdoBcn
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June 02, 2014, 10:00:25 AM |
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Yes I am collecting money to increasy my shares:) 93% yeld is beautifull and waiting for LTC price boost as always afterr BTC prices rise LTC should rise as well.
oh it's you! Well, I'm still in at IPO price... so will have to stay longer to see some good window opening for sell time Don't forget that 0.0042 BTC / share has already been mined (60% of it sits in the reinvest fund) I you bought @ 0.038, your break even point is a bit under 0.034 Thanks. Nice thought. But if I wanted just to break even, I would have left funds in cold wallet |
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IamNotSure
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June 02, 2014, 10:10:47 AM |
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Thanks. Nice thought. But if I wanted just to break even, I would have left funds in cold wallet Indeed, but with the LTC/BTC price drop, you might just want to get out of the project without a loss. But if you get out of the project, you'll yield your reinvestment share, obviously Best timing is to get out (if you want to do so) when the reinvest hardware will come online. |
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EdoBcn
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June 02, 2014, 10:45:42 AM |
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Indeed, but with the LTC/BTC price drop, you might just want to get out of the project without a loss. But if you get out of the project, you'll yield your reinvestment share, obviously
Best timing is to get out (if you want to do so) when the reinvest hardware will come online.
Good hint. Thanks! (if anyone wants to buy big at less than 0.034, please message me) |
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EdoBcn
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June 06, 2014, 08:27:48 PM |
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no dividends today?
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cesmak
Legendary
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Activity: 1053
Merit: 1009
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June 06, 2014, 09:11:05 PM
Last edit: June 06, 2014, 09:35:29 PM by cesmak |
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no dividends today?
They have just released divs and news for peta, probably a little more time... Edit 23:34 CET, dividend announced on havelock site 0,00040805 BTC per share. |
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mvidetto
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June 07, 2014, 01:49:18 AM |
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Is there any sort of plan from Cryptx for reinvestment seeing as we have almost 100 BTC? Also, is there any plan to buffer the share price? It's already down 30% from IPO.
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