ib88
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Activity: 56
Merit: 0
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October 23, 2014, 09:57:41 AM |
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There was a 50k block transferred to Bittrex a cpl days ago. You can plainly see 1-2k coins being placed for sale over and over once they are sold the cycle repeats. Once this guy dumps all his coins it will stabilize. If he's dumping to hurt the coin then he must be butthurt that it is not staying down very long. It always manages to push itself back up to between 90-100k before he tries it again. We may see this continue for a day or 2 I haven't been keeping track of how many thousands of coins are being sold. There appear to be more than enough willing buyers though so that bodes well. *** On a side not to Blocknet why don't you poll the community and see what the best method they think is for fundraising(ie. what will instill the best confidence among investors thus bringing in the most funds). Options could be posted in this thread and then polled(using website poll feature) after a day or 2 of ideas being fronted. i think 100k now will be psichological line.. hope to see some big rise on 29th of october
Agree with your sentiments regarding the price action the last few days. Every time the price looks to be heading towards 0.001 another 1-3k is added to the sell wall. No one can say what his/her motive is, could just be part of their exit strategy but eventually they'll run out. Dan has been over delivering the past few days steadily improving XChat with each and every update. This, combined with the soon to be released mobile wallet, should return a lot investor confidence back in Dan's commitment to the project (this is imo opinion why the price has dropped so much). Hopefully that will see XC rise to the pre-Blocknet announcement price of .0013 -.0015. FWIW I've been pretty much wrong with all my other predictions!  Also I believe there is a huge lack of new investors coming aboard. Very low buy support and a couple whales dumping are major factor in this price drop imo. Hopefully the upcoming PR to go along with the new mobile wallet release will attract some new investors. TheGer, I've read your posts regarding the 2500 BTC fund and understand where you're coming from. However, they've already stated that they're looking into the possibility of only releasing the funds intermittently based on certain milestones being accomplished. This would be a good compromise imo. |
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holyprofit
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October 23, 2014, 10:08:04 AM |
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There was a 50k block transferred to Bittrex a cpl days ago. You can plainly see 1-2k coins being placed for sale over and over once they are sold the cycle repeats. Once this guy dumps all his coins it will stabilize. If he's dumping to hurt the coin then he must be butthurt that it is not staying down very long. It always manages to push itself back up to between 90-100k before he tries it again. We may see this continue for a day or 2 I haven't been keeping track of how many thousands of coins are being sold. There appear to be more than enough willing buyers though so that bodes well. *** On a side not to Blocknet why don't you poll the community and see what the best method they think is for fundraising(ie. what will instill the best confidence among investors thus bringing in the most funds). Options could be posted in this thread and then polled(using website poll feature) after a day or 2 of ideas being fronted. i think 100k now will be psichological line.. hope to see some big rise on 29th of october
The last two or three days we had huge dumps out of nowhere - like 20 BTC in an hour - I assume this is was the guy. Anyway they seem to be drying up. |
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TheGer
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October 23, 2014, 10:46:47 AM |
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I don't see that as any sort of compromise. They still have all the money up front and all we have is hope for a product. No contractual obligations... Nothing. I'm sorry but I don't see any rational explanation for requiring all the money up front instead of staged investment phases. It instills faith in investors both that development will continue, and that no one is likely to run off with 2500 BTC on the community. It's not just 2500 BTC either. If something did happen and funds disappeared all or in part, then XC would likely completely collapse as a result costing XC investors of the coin itself everything. Not to mention all participating coins likely being crippled or dead as well. There is a lot more at stake than just the share funds here. I think it is irrational that fundraising wouldn't be done in the most trustworthy and confidence building way possible, and I'm sorry but "pony up all the cash first" doesn't cut it on a scale of this value. I and anyone can choose to invest or not, but before you argue as an apologist for their proposed fund raising plan think about the stakes not only for the raised funds but for all the coins involved and all the people who have money invested in them. Then think about the crypto community in general. There is enough at stake here that these devs can do a little extra work and wait a little extra time to rake in 10,000,000 shares worth of coins. It boggles my mind that people wouldn't want their investment risk to be minimized in this way. _______ "TheGer, I've read your posts regarding the 2500 BTC fund and understand where you're coming from. However, they've already stated that they're looking into the possibility of only releasing the funds intermittently based on certain milestones being accomplished. This would be a good compromise imo." There was a 50k block transferred to Bittrex a cpl days ago. You can plainly see 1-2k coins being placed for sale over and over once they are sold the cycle repeats. Once this guy dumps all his coins it will stabilize. If he's dumping to hurt the coin then he must be butthurt that it is not staying down very long. It always manages to push itself back up to between 90-100k before he tries it again. We may see this continue for a day or 2 I haven't been keeping track of how many thousands of coins are being sold. There appear to be more than enough willing buyers though so that bodes well. *** On a side not to Blocknet why don't you poll the community and see what the best method they think is for fundraising(ie. what will instill the best confidence among investors thus bringing in the most funds). Options could be posted in this thread and then polled(using website poll feature) after a day or 2 of ideas being fronted. i think 100k now will be psichological line.. hope to see some big rise on 29th of october
Agree with your sentiments regarding the price action the last few days. Every time the price looks to be heading towards 0.001 another 1-3k is added to the sell wall. No one can say what his/her motive is, could just be part of their exit strategy but eventually they'll run out. Dan has been over delivering the past few days steadily improving XChat with each and every update. This, combined with the soon to be released mobile wallet, should return a lot investor confidence back in Dan's commitment to the project (this is imo opinion why the price has dropped so much). Hopefully that will see XC rise to the pre-Blocknet announcement price of .0013 -.0015. FWIW I've been pretty much wrong with all my other predictions! Also I believe there is a huge lack of new investors coming aboard. Very low buy support and a couple whales dumping are major factor in this price drop imo. Hopefully the upcoming PR to go along with the new mobile wallet release will attract some new investors. TheGer, I've read your posts regarding the 2500 BTC fund and understand where you're coming from. However, they've already stated that they're looking into the possibility of only releasing the funds intermittently based on certain milestones being accomplished. This would be a good compromise imo. |
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hoertest
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October 23, 2014, 10:55:12 AM |
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the higher the risk the higher the possible roi or loss. some are willing to take the risk some don't . i don't get the problem since nobody is forced to invest into the blocknet or anything else here. don't you guys get how investing works. check the variables and decide yes or no. whats all the bitching about. not only with blocknet. 50% of this forum are complaining about ito policies or wrong strategies like they should have any fucking say in it. just don't throw your money at it and walk. its that simple. If you think you can do it better. nobody is holding you back either. I don't see that as any sort of compromise. They still have all the money up front and all we have is hope for a product. No contractual obligations... Nothing. I'm sorry but I don't see any rational explanation for requiring all the money up front instead of staged investment phases. It instills faith in investors both that development will continue, and that no one is likely to run off with 2500 BTC on the community. It's not just 2500 BTC either. If something did happen and funds disappeared all or in part, then XC would likely completely collapse as a result costing XC investors of the coin itself everything. Not to mention all participating coins likely being crippled or dead as well. There is a lot more at stake than just the share funds here. I think it is irrational that fundraising wouldn't be done in the most trustworthy and confidence building way possible, and I'm sorry but "pony up all the cash first" doesn't cut it on a scale of this value. I and anyone can choose to invest or not, but before you argue as an apologist for their proposed fund raising plan think about the stakes not only for the raised funds but for all the coins involved and all the people who have money invested in them. Then think about the crypto community in general. There is enough at stake here that these devs can do a little extra work and wait a little extra time to rake in 10,000,000 shares worth of coins. It boggles my mind that people wouldn't want their investment risk to be minimized in this way. _______ "TheGer, I've read your posts regarding the 2500 BTC fund and understand where you're coming from. However, they've already stated that they're looking into the possibility of only releasing the funds intermittently based on certain milestones being accomplished. This would be a good compromise imo." There was a 50k block transferred to Bittrex a cpl days ago. You can plainly see 1-2k coins being placed for sale over and over once they are sold the cycle repeats. Once this guy dumps all his coins it will stabilize. If he's dumping to hurt the coin then he must be butthurt that it is not staying down very long. It always manages to push itself back up to between 90-100k before he tries it again. We may see this continue for a day or 2 I haven't been keeping track of how many thousands of coins are being sold. There appear to be more than enough willing buyers though so that bodes well. *** On a side not to Blocknet why don't you poll the community and see what the best method they think is for fundraising(ie. what will instill the best confidence among investors thus bringing in the most funds). Options could be posted in this thread and then polled(using website poll feature) after a day or 2 of ideas being fronted. i think 100k now will be psichological line.. hope to see some big rise on 29th of october
Agree with your sentiments regarding the price action the last few days. Every time the price looks to be heading towards 0.001 another 1-3k is added to the sell wall. No one can say what his/her motive is, could just be part of their exit strategy but eventually they'll run out. Dan has been over delivering the past few days steadily improving XChat with each and every update. This, combined with the soon to be released mobile wallet, should return a lot investor confidence back in Dan's commitment to the project (this is imo opinion why the price has dropped so much). Hopefully that will see XC rise to the pre-Blocknet announcement price of .0013 -.0015. FWIW I've been pretty much wrong with all my other predictions! Also I believe there is a huge lack of new investors coming aboard. Very low buy support and a couple whales dumping are major factor in this price drop imo. Hopefully the upcoming PR to go along with the new mobile wallet release will attract some new investors. TheGer, I've read your posts regarding the 2500 BTC fund and understand where you're coming from. However, they've already stated that they're looking into the possibility of only releasing the funds intermittently based on certain milestones being accomplished. This would be a good compromise imo. |
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policymaker
Full Member
Offline
Activity: 210
Merit: 100
Crypto Currency Supporter
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October 23, 2014, 11:16:58 AM |
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There was a 50k block transferred to Bittrex a cpl days ago. You can plainly see 1-2k coins being placed for sale over and over once they are sold the cycle repeats. Once this guy dumps all his coins it will stabilize. If he's dumping to hurt the coin then he must be butthurt that it is not staying down very long. It always manages to push itself back up to between 90-100k before he tries it again. We may see this continue for a day or 2 I haven't been keeping track of how many thousands of coins are being sold. There appear to be more than enough willing buyers though so that bodes well. *** On a side not to Blocknet why don't you poll the community and see what the best method they think is for fundraising(ie. what will instill the best confidence among investors thus bringing in the most funds). Options could be posted in this thread and then polled(using website poll feature) after a day or 2 of ideas being fronted. i think 100k now will be psichological line.. hope to see some big rise on 29th of october
Thank you for ur input, your findings are quite interesting. Concerning your worries about the 2,5k BTC, there is only 1, more than sufficient answer to them: 2,5k BTC is the MAX value of the ITO, if people decide it aint worth the risk and invest 1k btc or 500 btc in it then thats it, the rest of the tokens just get destroyed. IF they had like 1,5k minimum amount, then you should be worrying. If the community decides its worth the 2,5k BTC, then it is. If you dont or cant put more than 0,00025 btc in it, and your worries realise, then gz, your smarter than 99% of the community |
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TheGer
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October 23, 2014, 11:29:27 AM |
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How does ROI enter into this if funds are gathered in staggered offerings or all at once. It doesn't. Hmm actually wait it just might. Let's examine a possibility. 500,000 shares offered initially to start development. All coins sell out as the lower risk of fraud make people feel it unlikely that smaller amount of funds will be stolen or sold without product development. Development starts Regular updates done First operational product with most basic feature(s) working Market Exchange price has increased do to investor confidence in development by 20% Stage 2 fund raising - 1,000,000 shares sold at market value (or slightly less) of .0003 Development continues Features added and tested successfully Concerted ad campaign Market Exchange price has increased 15% due to continued confidence and new investor influx. Stage 3 fund raising - 2,000,000 shares sold at market value of .000345 Ect... until 10,000,000 are sold. Not only does this method allow a larger investment base over time it generates more income as the price rises due to successful development. It also instills great confidence not only in initial investors but any future investors will see the road travelled so far and know their funds are going to a stable and established project. Doing it all in one shot will turn a lot of people off and will hurt investment funds as it was stated that once the ITO is over no new shares will ever be created. Trying to collect everything up front with no product will net you less funds than staggered fund raising. You will sell less shares(likely at a lesser price as well) You will not be able to offer shares again down the road(as per your plans) ____________ "the higher the risk the higher the possible roi or loss." the higher the risk the higher the possible roi or loss. some are willing to take the risk some don't . i don't get the problem since nobody is forced to invest into the blocknet or anything else here. don't you guys get how investing works. check the variables and decide yes or no. whats all the bitching about. not only with blocknet. 50% of this forum are complaining about ito policies or wrong strategies like they should have any fucking say in it. just don't throw your money at it and walk. its that simple. If you think you can do it better. nobody is holding you back either. I don't see that as any sort of compromise. They still have all the money up front and all we have is hope for a product. No contractual obligations... Nothing. I'm sorry but I don't see any rational explanation for requiring all the money up front instead of staged investment phases. It instills faith in investors both that development will continue, and that no one is likely to run off with 2500 BTC on the community. It's not just 2500 BTC either. If something did happen and funds disappeared all or in part, then XC would likely completely collapse as a result costing XC investors of the coin itself everything. Not to mention all participating coins likely being crippled or dead as well. There is a lot more at stake than just the share funds here. I think it is irrational that fundraising wouldn't be done in the most trustworthy and confidence building way possible, and I'm sorry but "pony up all the cash first" doesn't cut it on a scale of this value. I and anyone can choose to invest or not, but before you argue as an apologist for their proposed fund raising plan think about the stakes not only for the raised funds but for all the coins involved and all the people who have money invested in them. Then think about the crypto community in general. There is enough at stake here that these devs can do a little extra work and wait a little extra time to rake in 10,000,000 shares worth of coins. It boggles my mind that people wouldn't want their investment risk to be minimized in this way. _______ "TheGer, I've read your posts regarding the 2500 BTC fund and understand where you're coming from. However, they've already stated that they're looking into the possibility of only releasing the funds intermittently based on certain milestones being accomplished. This would be a good compromise imo." There was a 50k block transferred to Bittrex a cpl days ago. You can plainly see 1-2k coins being placed for sale over and over once they are sold the cycle repeats. Once this guy dumps all his coins it will stabilize. If he's dumping to hurt the coin then he must be butthurt that it is not staying down very long. It always manages to push itself back up to between 90-100k before he tries it again. We may see this continue for a day or 2 I haven't been keeping track of how many thousands of coins are being sold. There appear to be more than enough willing buyers though so that bodes well. *** On a side not to Blocknet why don't you poll the community and see what the best method they think is for fundraising(ie. what will instill the best confidence among investors thus bringing in the most funds). Options could be posted in this thread and then polled(using website poll feature) after a day or 2 of ideas being fronted. i think 100k now will be psichological line.. hope to see some big rise on 29th of october
Agree with your sentiments regarding the price action the last few days. Every time the price looks to be heading towards 0.001 another 1-3k is added to the sell wall. No one can say what his/her motive is, could just be part of their exit strategy but eventually they'll run out. Dan has been over delivering the past few days steadily improving XChat with each and every update. This, combined with the soon to be released mobile wallet, should return a lot investor confidence back in Dan's commitment to the project (this is imo opinion why the price has dropped so much). Hopefully that will see XC rise to the pre-Blocknet announcement price of .0013 -.0015. FWIW I've been pretty much wrong with all my other predictions! Also I believe there is a huge lack of new investors coming aboard. Very low buy support and a couple whales dumping are major factor in this price drop imo. Hopefully the upcoming PR to go along with the new mobile wallet release will attract some new investors. TheGer, I've read your posts regarding the 2500 BTC fund and understand where you're coming from. However, they've already stated that they're looking into the possibility of only releasing the funds intermittently based on certain milestones being accomplished. This would be a good compromise imo. |
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reebokasss
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October 23, 2014, 11:38:50 AM |
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maybe dumping is finished  market on bittrex are very calm now. |
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LD2164
Member
Offline
Activity: 95
Merit: 10
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October 23, 2014, 11:51:33 AM |
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Ger your concerns are valid and healthy ones to have in this dodgy crypto world... That said, you are also new here. If I have it correct you jumped ship from SDC a little while back when they pulled out of blocknet. I haven't got the same concerns you do, because I have been here from the beginning, and always have/still do trust the team. Dan and the rest of the team have never let me/us down, and XC development has been handled 100% professionally for the past 6 months now. If Dan was pulling a long-con of building trust among his own and other coin's communities, only to shaft us at this point in the ITO of another ground-breaking tech achievement, I would be really, really surprised. I could believe in the possibility of this though, but it is a risk I have factored into my investment strategy. My investment ratios: Gold -1, XC - 1.5, silver - 2 In this I have factored in the following risk: 0.1% chance XC never produces all the promised tech. 0.5% chance XC never goes open source 1% chance some powerful nation state will/has develop(ed) a machine that can produce Gold from Copper. 5-10% chance silver is replaced by another metal in its industrial applications. I don't believe in God, so I have invested 0 time and energy in prayer. But I do also accept that there may be a solid 33% chance that I go to hell. No investment is a 100% sure thing, unless you are one of the big banks pulling the strings behind your own investments... As far as reasons to doubt Dan/XC/Blocknet: NONE that I know of, and I have read every word in the XC ANN (the first 1 and the 2nd) including most of the troll comments which have probably been deleted by now. I'll repeat this: 6 months in and still zero reason to complain... This is the pattern: Dan says he will do something --> he does it --> it is thoroughly tested --> it works great. Good luck with all your future investments. I don't see that as any sort of compromise. They still have all the money up front and all we have is hope for a product. No contractual obligations... Nothing. I'm sorry but I don't see any rational explanation for requiring all the money up front instead of staged investment phases. It instills faith in investors both that development will continue, and that no one is likely to run off with 2500 BTC on the community. It's not just 2500 BTC either. If something did happen and funds disappeared all or in part, then XC would likely completely collapse as a result costing XC investors of the coin itself everything. Not to mention all participating coins likely being crippled or dead as well. There is a lot more at stake than just the share funds here. I think it is irrational that fundraising wouldn't be done in the most trustworthy and confidence building way possible, and I'm sorry but "pony up all the cash first" doesn't cut it on a scale of this value. I and anyone can choose to invest or not, but before you argue as an apologist for their proposed fund raising plan think about the stakes not only for the raised funds but for all the coins involved and all the people who have money invested in them. Then think about the crypto community in general. There is enough at stake here that these devs can do a little extra work and wait a little extra time to rake in 10,000,000 shares worth of coins. It boggles my mind that people wouldn't want their investment risk to be minimized in this way. _______ "TheGer, I've read your posts regarding the 2500 BTC fund and understand where you're coming from. However, they've already stated that they're looking into the possibility of only releasing the funds intermittently based on certain milestones being accomplished. This would be a good compromise imo." There was a 50k block transferred to Bittrex a cpl days ago. You can plainly see 1-2k coins being placed for sale over and over once they are sold the cycle repeats. Once this guy dumps all his coins it will stabilize. If he's dumping to hurt the coin then he must be butthurt that it is not staying down very long. It always manages to push itself back up to between 90-100k before he tries it again. We may see this continue for a day or 2 I haven't been keeping track of how many thousands of coins are being sold. There appear to be more than enough willing buyers though so that bodes well. *** On a side not to Blocknet why don't you poll the community and see what the best method they think is for fundraising(ie. what will instill the best confidence among investors thus bringing in the most funds). Options could be posted in this thread and then polled(using website poll feature) after a day or 2 of ideas being fronted. I don't see that as any sort of compromise. They still have all the money up front and all we have is hope for a product. No contractual obligations... Nothing. I'm sorry but I don't see any rational explanation for requiring all the money up front instead of staged investment phases. It instills faith in investors both that development will continue, and that no one is likely to run off with 2500 BTC on the community. It's not just 2500 BTC either. If something did happen and funds disappeared all or in part, then XC would likely completely collapse as a result costing XC investors of the coin itself everything. Not to mention all participating coins likely being crippled or dead as well. There is a lot more at stake than just the share funds here. I think it is irrational that fundraising wouldn't be done in the most trustworthy and confidence building way possible, and I'm sorry but "pony up all the cash first" doesn't cut it on a scale of this value. I and anyone can choose to invest or not, but before you argue as an apologist for their proposed fund raising plan think about the stakes not only for the raised funds but for all the coins involved and all the people who have money invested in them. Then think about the crypto community in general. There is enough at stake here that these devs can do a little extra work and wait a little extra time to rake in 10,000,000 shares worth of coins. It boggles my mind that people wouldn't want their investment risk to be minimized in this way. _______ "TheGer, I've read your posts regarding the 2500 BTC fund and understand where you're coming from. However, they've already stated that they're looking into the possibility of only releasing the funds intermittently based on certain milestones being accomplished. This would be a good compromise imo." There was a 50k block transferred to Bittrex a cpl days ago. You can plainly see 1-2k coins being placed for sale over and over once they are sold the cycle repeats. Once this guy dumps all his coins it will stabilize. If he's dumping to hurt the coin then he must be butthurt that it is not staying down very long. It always manages to push itself back up to between 90-100k before he tries it again. We may see this continue for a day or 2 I haven't been keeping track of how many thousands of coins are being sold. There appear to be more than enough willing buyers though so that bodes well. *** On a side not to Blocknet why don't you poll the community and see what the best method they think is for fundraising(ie. what will instill the best confidence among investors thus bringing in the most funds). Options could be posted in this thread and then polled(using website poll feature) after a day or 2 of ideas being fronted. i think 100k now will be psichological line.. hope to see some big rise on 29th of october
Agree with your sentiments regarding the price action the last few days. Every time the price looks to be heading towards 0.001 another 1-3k is added to the sell wall. No one can say what his/her motive is, could just be part of their exit strategy but eventually they'll run out. Dan has been over delivering the past few days steadily improving XChat with each and every update. This, combined with the soon to be released mobile wallet, should return a lot investor confidence back in Dan's commitment to the project (this is imo opinion why the price has dropped so much). Hopefully that will see XC rise to the pre-Blocknet announcement price of .0013 -.0015. FWIW I've been pretty much wrong with all my other predictions! Also I believe there is a huge lack of new investors coming aboard. Very low buy support and a couple whales dumping are major factor in this price drop imo. Hopefully the upcoming PR to go along with the new mobile wallet release will attract some new investors. TheGer, I've read your posts regarding the 2500 BTC fund and understand where you're coming from. However, they've already stated that they're looking into the possibility of only releasing the funds intermittently based on certain milestones being accomplished. This would be a good compromise imo. |
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mav137
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October 23, 2014, 12:02:57 PM |
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Maybe it's doesnt matter that we as XC holders have faith. It's also about seeking unity in the approach with the community. Yes the blocknet can potentially bind all altcoins together. This unites the coins since there has been much negativity amongst the holders of various coins.
There also has been a lot of fraud and deception. I actually trust these guys with more money then I ever imagined putting on stake with people I don't know and a proces that I have limited influence on. But to me it's a gut feeling. If the shit hits the fan, it's gonna be a very very tough lesson and i probably will never but any money in altcoins or potential world changing tech anymore.
That is also the point of TheGer
We can set a great example here of listening to the community and showing our best intentions. If there are easy manageable trustful ways of escrowing the funds with a milestone agenda, I would prefer that option too. And certainly not out of distrust.
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mav137
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October 23, 2014, 12:05:40 PM |
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In other words, the blocknet can bind the various coin communities AND set an example of being a trustfull foundation listening to the community (which is also a big thing in crypto)
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TheGer
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October 23, 2014, 12:29:44 PM |
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You are correct about getting out of SDC, but you are incorrect about being new to XC. I have had a decent amount of XC staking for quite some time(it is my largest holding) and I consider it one of the most stable coins out there with a bright outlook. That being said, I am holding their feet to the fire and not following on blind faith because "they haven't let me down yet". Shelling out money on blind faith and hope in the crypto world is why people are getting taken by scams all the time here. If we set an example of how things should be done we can change things. You can't live real life handing out wads of money and hoping for the best, and crypto shouldn't be like that either. Push for the changes you want, don't just go along with what some "respected" guy thinks is proper. "That said, you are also new here. If I have it correct you jumped ship from SDC a little while back when they pulled out of blocknet." Ger your concerns are valid and healthy ones to have in this dodgy crypto world... That said, you are also new here. If I have it correct you jumped ship from SDC a little while back when they pulled out of blocknet. I haven't got the same concerns you do, because I have been here from the beginning, and always have/still do trust the team. Dan and the rest of the team have never let me/us down, and XC development has been handled 100% professionally for the past 6 months now. If Dan was pulling a long-con of building trust among his own and other coin's communities, only to shaft us at this point in the ITO of another ground-breaking tech achievement, I would be really, really surprised. I could believe in the possibility of this though, but it is a risk I have factored into my investment strategy. My investment ratios: Gold -1, XC - 1.5, silver - 2 In this I have factored in the following risk: 0.1% chance XC never produces all the promised tech. 0.5% chance XC never goes open source 1% chance some powerful nation state will/has develop(ed) a machine that can produce Gold from Copper. 5-10% chance silver is replaced by another metal in its industrial applications. I don't believe in God, so I have invested 0 time and energy in prayer. But I do also accept that there may be a solid 33% chance that I go to hell. No investment is a 100% sure thing, unless you are one of the big banks pulling the strings behind your own investments... As far as reasons to doubt Dan/XC/Blocknet: NONE that I know of, and I have read every word in the XC ANN (the first 1 and the 2nd) including most of the troll comments which have probably been deleted by now. I'll repeat this: 6 months in and still zero reason to complain... This is the pattern: Dan says he will do something --> he does it --> it is thoroughly tested --> it works great. Good luck with all your future investments. I don't see that as any sort of compromise. They still have all the money up front and all we have is hope for a product. No contractual obligations... Nothing. I'm sorry but I don't see any rational explanation for requiring all the money up front instead of staged investment phases. It instills faith in investors both that development will continue, and that no one is likely to run off with 2500 BTC on the community. It's not just 2500 BTC either. If something did happen and funds disappeared all or in part, then XC would likely completely collapse as a result costing XC investors of the coin itself everything. Not to mention all participating coins likely being crippled or dead as well. There is a lot more at stake than just the share funds here. I think it is irrational that fundraising wouldn't be done in the most trustworthy and confidence building way possible, and I'm sorry but "pony up all the cash first" doesn't cut it on a scale of this value. I and anyone can choose to invest or not, but before you argue as an apologist for their proposed fund raising plan think about the stakes not only for the raised funds but for all the coins involved and all the people who have money invested in them. Then think about the crypto community in general. There is enough at stake here that these devs can do a little extra work and wait a little extra time to rake in 10,000,000 shares worth of coins. It boggles my mind that people wouldn't want their investment risk to be minimized in this way. _______ "TheGer, I've read your posts regarding the 2500 BTC fund and understand where you're coming from. However, they've already stated that they're looking into the possibility of only releasing the funds intermittently based on certain milestones being accomplished. This would be a good compromise imo." There was a 50k block transferred to Bittrex a cpl days ago. You can plainly see 1-2k coins being placed for sale over and over once they are sold the cycle repeats. Once this guy dumps all his coins it will stabilize. If he's dumping to hurt the coin then he must be butthurt that it is not staying down very long. It always manages to push itself back up to between 90-100k before he tries it again. We may see this continue for a day or 2 I haven't been keeping track of how many thousands of coins are being sold. There appear to be more than enough willing buyers though so that bodes well. *** On a side not to Blocknet why don't you poll the community and see what the best method they think is for fundraising(ie. what will instill the best confidence among investors thus bringing in the most funds). Options could be posted in this thread and then polled(using website poll feature) after a day or 2 of ideas being fronted. I don't see that as any sort of compromise. They still have all the money up front and all we have is hope for a product. No contractual obligations... Nothing. I'm sorry but I don't see any rational explanation for requiring all the money up front instead of staged investment phases. It instills faith in investors both that development will continue, and that no one is likely to run off with 2500 BTC on the community. It's not just 2500 BTC either. If something did happen and funds disappeared all or in part, then XC would likely completely collapse as a result costing XC investors of the coin itself everything. Not to mention all participating coins likely being crippled or dead as well. There is a lot more at stake than just the share funds here. I think it is irrational that fundraising wouldn't be done in the most trustworthy and confidence building way possible, and I'm sorry but "pony up all the cash first" doesn't cut it on a scale of this value. I and anyone can choose to invest or not, but before you argue as an apologist for their proposed fund raising plan think about the stakes not only for the raised funds but for all the coins involved and all the people who have money invested in them. Then think about the crypto community in general. There is enough at stake here that these devs can do a little extra work and wait a little extra time to rake in 10,000,000 shares worth of coins. It boggles my mind that people wouldn't want their investment risk to be minimized in this way. _______ "TheGer, I've read your posts regarding the 2500 BTC fund and understand where you're coming from. However, they've already stated that they're looking into the possibility of only releasing the funds intermittently based on certain milestones being accomplished. This would be a good compromise imo." There was a 50k block transferred to Bittrex a cpl days ago. You can plainly see 1-2k coins being placed for sale over and over once they are sold the cycle repeats. Once this guy dumps all his coins it will stabilize. If he's dumping to hurt the coin then he must be butthurt that it is not staying down very long. It always manages to push itself back up to between 90-100k before he tries it again. We may see this continue for a day or 2 I haven't been keeping track of how many thousands of coins are being sold. There appear to be more than enough willing buyers though so that bodes well. *** On a side not to Blocknet why don't you poll the community and see what the best method they think is for fundraising(ie. what will instill the best confidence among investors thus bringing in the most funds). Options could be posted in this thread and then polled(using website poll feature) after a day or 2 of ideas being fronted. i think 100k now will be psichological line.. hope to see some big rise on 29th of october
Agree with your sentiments regarding the price action the last few days. Every time the price looks to be heading towards 0.001 another 1-3k is added to the sell wall. No one can say what his/her motive is, could just be part of their exit strategy but eventually they'll run out. Dan has been over delivering the past few days steadily improving XChat with each and every update. This, combined with the soon to be released mobile wallet, should return a lot investor confidence back in Dan's commitment to the project (this is imo opinion why the price has dropped so much). Hopefully that will see XC rise to the pre-Blocknet announcement price of .0013 -.0015. FWIW I've been pretty much wrong with all my other predictions! Also I believe there is a huge lack of new investors coming aboard. Very low buy support and a couple whales dumping are major factor in this price drop imo. Hopefully the upcoming PR to go along with the new mobile wallet release will attract some new investors. TheGer, I've read your posts regarding the 2500 BTC fund and understand where you're coming from. However, they've already stated that they're looking into the possibility of only releasing the funds intermittently based on certain milestones being accomplished. This would be a good compromise imo. |
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the_game1224
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October 23, 2014, 01:06:17 PM |
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You are correct about getting out of SDC, but you are incorrect about being new to XC. I have had a decent amount of XC staking for quite some time(it is my largest holding) and I consider it one of the most stable coins out there with a bright outlook. That being said, I am holding their feet to the fire and not following on blind faith because "they haven't let me down yet".
Shelling out money on blind faith and hope in the crypto world is why people are getting taken by scams all the time here. If we set an example of how things should be done we can change things. You can't live real life handing out wads of money and hoping for the best, and crypto shouldn't be like that either. Push for the changes you want, don't just go along with what some "respected" guy thinks is proper.
Well put, I fall into the same category. |
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reebokasss
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October 23, 2014, 01:22:39 PM |
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we can see 100k on bittrex sell orders, i think it will be psichological line where we will start to rise again my pridiction - 170k till 29th of october. |
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qiwoman2
Legendary
Offline
Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
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October 23, 2014, 01:28:32 PM |
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How does ROI enter into this if funds are gathered in staggered offerings or all at once. It doesn't. Hmm actually wait it just might. Let's examine a possibility. 500,000 shares offered initially to start development. All coins sell out as the lower risk of fraud make people feel it unlikely that smaller amount of funds will be stolen or sold without product development. Development starts Regular updates done First operational product with most basic feature(s) working Market Exchange price has increased do to investor confidence in development by 20% Stage 2 fund raising - 1,000,000 shares sold at market value (or slightly less) of .0003 Development continues Features added and tested successfully Concerted ad campaign Market Exchange price has increased 15% due to continued confidence and new investor influx. Stage 3 fund raising - 2,000,000 shares sold at market value of .000345 Ect... until 10,000,000 are sold. Not only does this method allow a larger investment base over time it generates more income as the price rises due to successful development. It also instills great confidence not only in initial investors but any future investors will see the road travelled so far and know their funds are going to a stable and established project. Doing it all in one shot will turn a lot of people off and will hurt investment funds as it was stated that once the ITO is over no new shares will ever be created. Trying to collect everything up front with no product will net you less funds than staggered fund raising. You will sell less shares(likely at a lesser price as well) You will not be able to offer shares again down the road(as per your plans) ____________ "the higher the risk the higher the possible roi or loss." the higher the risk the higher the possible roi or loss. some are willing to take the risk some don't . i don't get the problem since nobody is forced to invest into the blocknet or anything else here. don't you guys get how investing works. check the variables and decide yes or no. whats all the bitching about. not only with blocknet. 50% of this forum are complaining about ito policies or wrong strategies like they should have any fucking say in it. just don't throw your money at it and walk. its that simple. If you think you can do it better. nobody is holding you back either. I don't see that as any sort of compromise. They still have all the money up front and all we have is hope for a product. No contractual obligations... Nothing. I'm sorry but I don't see any rational explanation for requiring all the money up front instead of staged investment phases. It instills faith in investors both that development will continue, and that no one is likely to run off with 2500 BTC on the community. It's not just 2500 BTC either. If something did happen and funds disappeared all or in part, then XC would likely completely collapse as a result costing XC investors of the coin itself everything. Not to mention all participating coins likely being crippled or dead as well. There is a lot more at stake than just the share funds here. I think it is irrational that fundraising wouldn't be done in the most trustworthy and confidence building way possible, and I'm sorry but "pony up all the cash first" doesn't cut it on a scale of this value. I and anyone can choose to invest or not, but before you argue as an apologist for their proposed fund raising plan think about the stakes not only for the raised funds but for all the coins involved and all the people who have money invested in them. Then think about the crypto community in general. There is enough at stake here that these devs can do a little extra work and wait a little extra time to rake in 10,000,000 shares worth of coins. It boggles my mind that people wouldn't want their investment risk to be minimized in this way. _______ "TheGer, I've read your posts regarding the 2500 BTC fund and understand where you're coming from. However, they've already stated that they're looking into the possibility of only releasing the funds intermittently based on certain milestones being accomplished. This would be a good compromise imo." There was a 50k block transferred to Bittrex a cpl days ago. You can plainly see 1-2k coins being placed for sale over and over once they are sold the cycle repeats. Once this guy dumps all his coins it will stabilize. If he's dumping to hurt the coin then he must be butthurt that it is not staying down very long. It always manages to push itself back up to between 90-100k before he tries it again. We may see this continue for a day or 2 I haven't been keeping track of how many thousands of coins are being sold. There appear to be more than enough willing buyers though so that bodes well. *** On a side not to Blocknet why don't you poll the community and see what the best method they think is for fundraising(ie. what will instill the best confidence among investors thus bringing in the most funds). Options could be posted in this thread and then polled(using website poll feature) after a day or 2 of ideas being fronted. i think 100k now will be psichological line.. hope to see some big rise on 29th of october
Agree with your sentiments regarding the price action the last few days. Every time the price looks to be heading towards 0.001 another 1-3k is added to the sell wall. No one can say what his/her motive is, could just be part of their exit strategy but eventually they'll run out. Dan has been over delivering the past few days steadily improving XChat with each and every update. This, combined with the soon to be released mobile wallet, should return a lot investor confidence back in Dan's commitment to the project (this is imo opinion why the price has dropped so much). Hopefully that will see XC rise to the pre-Blocknet announcement price of .0013 -.0015. FWIW I've been pretty much wrong with all my other predictions! Also I believe there is a huge lack of new investors coming aboard. Very low buy support and a couple whales dumping are major factor in this price drop imo. Hopefully the upcoming PR to go along with the new mobile wallet release will attract some new investors. TheGer, I've read your posts regarding the 2500 BTC fund and understand where you're coming from. However, they've already stated that they're looking into the possibility of only releasing the funds intermittently based on certain milestones being accomplished. This would be a good compromise imo. I like the idea of rounds of investment gives later birds a chance to get in as well. |
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KimmyF
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October 23, 2014, 01:50:00 PM |
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my 2 XCents about the current selling ....
I see only one answer in the chain, combined with info from private talks with some early adaptors, following BCT daily & came to the conclusion that the current development, eg: selling of big stacks, is a positive move for XC.
Nobody can deny that there are some big holders of XC that started really early, a time when XC was viewed as and only compared to just any other coin & we had several coins like that a day. They just gambled this this one would maybe hit the big time. This is way before the FUD started about identity (who is this dev) & the team was still anonymous & a lot smaller. Just people that had the hardware or rented it to mine this coin in an early stage. They got more coins than most of us can dream of (i consider 100K up a minimum for this group) Think those people viewed XC at the time as just any other coin, based on the market view at that moment and they holded a long time waiting for the 'change' they where used to. But at the same time they based there decision to hold on old principles, a new promising coin. Then a (seen from an alt-coin world perspective) a strange time started, XC was different, it was not run like any other coin but from the start it was run like a business, think a lot of the early adaptors never saw something like that before.
As more time went by the bigger the difference with the rest of the altcoin market grew. My analyses shows just one thing: Early adaptors (maybe not sure what to expect from current moves) are covering there initial costs, all coins that are sold atm are linked directly to the POW stage. Even with a price below 100K they have a nice profit & there stacks are big enough to sell part and still hold enough to be considered rich if all works out. Same time more and more new XC holders enter the arena and place there new bought coins for staking off the exchanges.
Distribution is improving a lot atm, think most, if not all exchanges are tapping into there cold storage to handle all the withdraws.
Maybe the price will drop even more but the rate distribution is improving is 'out of this world'
I know, just my 2 cents and maybe/probably some of you will call me crazy. The funny part is that i do have a site ready to deploy backing the statements above but atm im just not willing to spend >200XC a month on hosting costs. I will be broke within a year if i do that.
Im holding the coins i bought to late while at the same time feeling i missed an opportunity to mine this coin early on (had my miner shut down when XC was in POW stage coz of overall bad ROI) and am waiting for the completion of at least rev 2.5 and the public bounties/reviews to crack XC anon solution, confidence that XC will win. Then i have enough to run this site years in a row, just on POS rewards.
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atcsecure
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October 23, 2014, 02:08:15 PM |
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I am not a linux guru, but is it possible to run the tor/tails client environment and then pull from github the latest linux wallets on it ? So technically we can update our our torstick desktops ?
Yes there will be a solution to update the torsticks through a .deb package |
Join the revolution - XC - Decentralized Trustless Multi-Node Private Transactions
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mav137
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October 23, 2014, 02:09:46 PM |
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thanks for sharing, but why not wait a few days longer? Why dump now and in trow back a ascending trend under 100k with 2btc chunks of XC? It's a steady trend upward until it's pushed back again. If I was getting ROI on mining, i'd wait a little bit longer.. also the price was higher for a while.. Why not sell then?
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jibble
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October 23, 2014, 02:11:50 PM |
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my 2 XCents about the current selling ....
I see only one answer in the chain, combined with info from private talks with some early adaptors, following BCT daily & came to the conclusion that the current development, eg: selling of big stacks, is a positive move for XC.
Nobody can deny that there are some big holders of XC that started really early, a time when XC was viewed as and only compared to just any other coin & we had several coins like that a day. They just gambled this this one would maybe hit the big time. This is way before the FUD started about identity (who is this dev) & the team was still anonymous & a lot smaller. Just people that had the hardware or rented it to mine this coin in an early stage. They got more coins than most of us can dream of (i consider 100K up a minimum for this group) Think those people viewed XC at the time as just any other coin, based on the market view at that moment and they holded a long time waiting for the 'change' they where used to. But at the same time they based there decision to hold on old principles, a new promising coin. Then a (seen from an alt-coin world perspective) a strange time started, XC was different, it was not run like any other coin but from the start it was run like a business, think a lot of the early adaptors never saw something like that before.
As more time went by the bigger the difference with the rest of the altcoin market grew. My analyses shows just one thing: Early adaptors (maybe not sure what to expect from current moves) are covering there initial costs, all coins that are sold atm are linked directly to the POW stage. Even with a price below 100K they have a nice profit & there stacks are big enough to sell part and still hold enough to be considered rich if all works out. Same time more and more new XC holders enter the arena and place there new bought coins for staking off the exchanges.
Distribution is improving a lot atm, think most, if not all exchanges are tapping into there cold storage to handle all the withdraws.
Maybe the price will drop even more but the rate distribution is improving is 'out of this world'
I know, just my 2 cents and maybe/probably some of you will call me crazy. The funny part is that i do have a site ready to deploy backing the statements above but atm im just not willing to spend >200XC a month on hosting costs. I will be broke within a year if i do that.
Im holding the coins i bought to late while at the same time feeling i missed an opportunity to mine this coin early on (had my miner shut down when XC was in POW stage coz of overall bad ROI) and am waiting for the completion of at least rev 2.5 and the public bounties/reviews to crack XC anon solution, confidence that XC will win. Then i have enough to run this site years in a row, just on POS rewards.
if i pay you the hosting for the year can it be up and running soon? |
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The-C-Word
Member
Offline
Activity: 100
Merit: 10
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October 23, 2014, 02:32:00 PM |
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How does ROI enter into this if funds are gathered in staggered offerings or all at once. It doesn't. Hmm actually wait it just might. Let's examine a possibility. 500,000 shares offered initially to start development. All coins sell out as the lower risk of fraud make people feel it unlikely that smaller amount of funds will be stolen or sold without product development. Development starts Regular updates done First operational product with most basic feature(s) working Market Exchange price has increased do to investor confidence in development by 20% Stage 2 fund raising - 1,000,000 shares sold at market value (or slightly less) of .0003 Development continues Features added and tested successfully Concerted ad campaign Market Exchange price has increased 15% due to continued confidence and new investor influx. Stage 3 fund raising - 2,000,000 shares sold at market value of .000345 Ect... until 10,000,000 are sold. Not only does this method allow a larger investment base over time it generates more income as the price rises due to successful development. It also instills great confidence not only in initial investors but any future investors will see the road travelled so far and know their funds are going to a stable and established project. Doing it all in one shot will turn a lot of people off and will hurt investment funds as it was stated that once the ITO is over no new shares will ever be created. Trying to collect everything up front with no product will net you less funds than staggered fund raising. You will sell less shares(likely at a lesser price as well) You will not be able to offer shares again down the road(as per your plans) ____________ "the higher the risk the higher the possible roi or loss." the higher the risk the higher the possible roi or loss. some are willing to take the risk some don't . i don't get the problem since nobody is forced to invest into the blocknet or anything else here. don't you guys get how investing works. check the variables and decide yes or no. whats all the bitching about. not only with blocknet. 50% of this forum are complaining about ito policies or wrong strategies like they should have any fucking say in it. just don't throw your money at it and walk. its that simple. If you think you can do it better. nobody is holding you back either. I don't see that as any sort of compromise. They still have all the money up front and all we have is hope for a product. No contractual obligations... Nothing.
I'm sorry but I don't see any rational explanation for requiring all the money up front instead of staged investment phases. It instills faith in investors both that development will continue, and that no one is likely to run off with 2500 BTC on the community. It's not just 2500 BTC either. If something did happen and funds disappeared all or in part, then XC would likely completely collapse as a result costing XC investors of the coin itself everything. Not to mention all participating coins likely being crippled or dead as well. There is a lot more at stake than just the share funds here.
I think it is irrational that fundraising wouldn't be done in the most trustworthy and confidence building way possible, and I'm sorry but "pony up all the cash first" doesn't cut it on a scale of this value.
I and anyone can choose to invest or not, but before you argue as an apologist for their proposed fund raising plan think about the stakes not only for the raised funds but for all the coins involved and all the people who have money invested in them. Then think about the crypto community in general. There is enough at stake here that these devs can do a little extra work and wait a little extra time to rake in 10,000,000 shares worth of coins.
It boggles my mind that people wouldn't want their investment risk to be minimized in this way.
I like the idea, but any change to the ITO's structure at this stage would place the project in a precarious situation. Not only would the team need to re-inform all potential investors in a short amount of time, but the team's image would draw further criticism in terms of planning, organization, and legitimacy. It'd be one heck of a balancing act that may or may not pay off. |
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