Skatebird
Legendary
 Offline
Activity: 882
Merit: 1000
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October 17, 2014, 10:50:39 PM |
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Its really easy to understand !!! Can we know the fuckin price before investing money ?lolllllll
do you expect us to give you a price for the 4.5 million coins? If so, we would be setting our own market-cap. Companies NEVER choose their own valuations, markets do. or do you just want a price, with an uncapped number of coins? If so, I understand why this would would make you feel better.. but its exactly the same. either price or quantity can be fixed , not both. if you want both, i would suggest you wait to buy in the secondary market. As serious devs, YES you should be able to give us approx what amount of money you need to build the project you want to do. Its not an open buffet here. You are talking like if you set a price, you will automatically choose market cap for ever. The market cap will be decided by the free market when trade will be opened. If you dont know how to give early investors a chance to have positive investment, just copy/paste Bitswift and you will look like a genious  |
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jaybny
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October 17, 2014, 10:54:06 PM |
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Its really easy to understand !!! Can we know the fuckin price before investing money ?lolllllll
do you expect us to give you a price for the 4.5 million coins? If so, we would be setting our own market-cap. Companies NEVER choose their own valuations, markets do. or do you just want a price, with an uncapped number of coins? If so, I understand why this would would make you feel better.. but its exactly the same. either price or quantity can be fixed , not both. if you want both, i would suggest you wait to buy in the secondary market. As serious devs, YES you should be able to give us approx what amount of money you need to build the project you want to do. Its not an open buffet here. You are talking like if you set a price, you will automatically choose market cap for ever. The market cap will be decided by the free market when trade will be opened. If you dont know how to give early investors a chance to have positive investment, just copy/paste Bitswift and you will look like a genious yes an approx amount of money is indeed needed, this is not the same as having an actual price in the ico. im not sure.. can op answer this? i would guess around 8000btc maybe, will the official op give a number? |
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Randy M Kim
Member
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Activity: 108
Merit: 10
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October 18, 2014, 01:23:16 AM |
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You start dumping. And continue dumping. And continue dumping, as the price dives. You dump until it goes to 500, not just because you dump but because people panic sell. At 500, you start buying. And price goes back up. Rinse and repeat.
what is your average selling price on the way down and what is your average buying price on the way back up? this is the only thing that determines alpha in this simple strategy. take a look at bottoms or lows at any free market. what do you notice?  notice the volume spikes at the lows? this brings the vwap down on the way down and up on the way up. prices move towards liquidity, not away from it. prices bottom when selling stops, the buyers at lows are not overwhelming, yet the snap back is so violent, simply due of lack of sellers. there is where liquidity in reality kills the backtested alpha. this strategy has no alpha for the big player, maybe there are weak hands that capitulate at tops and bottoms, and this strategy works for a mid size player, by making an aggressive sell to start an avalanche of stops. the big player has better alpha providing heavy liquidly on both sides, and given that the gaming company wants to retain its players, and players don't like to be exposed to extreme volatility, i would say the alpha is in providing liquidity, rather then starting a panic. Jay, I know you are fully aware of the term "capitulation". You can provoke that daily or even more frequently if you want to. That's where the scoop comes. And you can also control the rebound. You can control it both ways and determine tops and bottoms. As for the price being stable, I don't know if that's even desirable or attractive to cryptonites... where are they going to make money to justify their investment if the price remains stable? Barabbas. Our mission is to promote the gaming platforms once the coins are released. We expect to see a slow continual increase in the price of the coin as the gaming site gains more traction and adds more participants to the whole project thus requiring more coins to supply more players. Manipulating the coin value for short term gain would be counterintuitive to producing long term profits on our multiple gaming platforms. You can see the project has been thought out well. In the long run the combined gaming incomes will far exceed income made on the coins. As we become more successful we will add more applications for others to participate. ie sports book, backgammon,bingo. This will in turn increase the demand on the coin once again driving the coin price up. I believe Bergstake or not the ICO will be the lowest price you will ever see for BRO coin. Please analyze my prediction and respond. |
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brother3
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October 18, 2014, 03:16:43 AM |
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Good luck with the launch of BRO. I'm guessing it'll do well. When does mining begin?
ICO will end on November 18th and mining should start soon after. |
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illodin
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October 18, 2014, 04:05:27 AM |
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Regarding the unlimited ICO - if you'd like to invest 1 BTC, but don't know what to do because it's unlimited. Hedge your bets and use 0.5 BTC in the ICO, and 0.5 BTC to buy from the exchanges after the ICO. Problem solved?
Great suggestion! not in general, uncapped ico does NOT imply a lower price in the secondary market. if it did, then none should invest in the ico and everyone should wait for the secondary market. in our case its a bit different because in-fact ico coins are more valuable then secondary market coins due to to expected-value of the bergstake. so in our case, the price of the ico coins will be higher then the expected price of the secondary market coins. However, the expected-value of the ico coins is higher then the expected-value of secondary market coins. expected-price(ico coins) = expected-price(secondary market coins) + [ ev(future bergstake coins) discounted for time] edit: piece of personal advise i once heard: "one should not invest because of expected returns. one should only invest with risk capital if and only if this risk capital had been put aside "BEFORE", the opportunity presented itself". this is not early days of bitcoin, this is a serious project with real long term commitments and implications. expect coin to be priced at value. the days of ordering pizza with 10,000 bitcoin are just biblical stories from yesteryears. Markets aren't perfect, they can't see the future, so they can't estimate the valuation of ICO and non-ICO coins perfectly. They could over-value ICO, or over-value the coins that miners are selling. You can't know which way it'll go, so investing 50/50 will be less risky and generally better for an individual investor. And even if the markets would value ICO and non-ICO perfectly, it would be exactly the same EV for someone whatever he does, DUCY? Obviously it won't be better for you, but everyone should do what's best for them. |
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drkman
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October 18, 2014, 08:50:10 AM |
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Its really easy to understand !!! Can we know the fuckin price before investing money ?lolllllll
do you expect us to give you a price for the 4.5 million coins? If so, we would be setting our own market-cap. Companies NEVER choose their own valuations, markets do. or do you just want a price, with an uncapped number of coins? If so, I understand why this would would make you feel better.. but its exactly the same. either price or quantity can be fixed , not both. if you want both, i would suggest you wait to buy in the secondary market. Think of it like a funding round. The breakout coin originators are like the series A round of funding and the ICO for those that read this thread should be the B round of funding. But you guys are just skipping the B, C, and IPO rounds and going straight to the post IPO round all without giving investors a chance to even see what the price stabilizes at so investors are going in completely blind. How much actual money has been spent to date on launching Breakout Gaming? What is the current company valuation? We need to know these things. You need to leave room for this round of investors to profit just like yourselves. You need to set the price and set it low (cap the ICO or double the coins we get by eliminating the 7 million in BRO giveaways) where you're pretty positive it will grow with the games up and running. This should be the B round, not the post IPO round. As it currently stands, you are asking for people to blindly send money without knowing whether they paid 100 SATS per BRO or 1,000,000 SATS per BRO. And that's just kinda wrong......and greedy too. |
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btcsnippers
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October 18, 2014, 12:06:47 PM |
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Its really easy to understand !!! Can we know the fuckin price before investing money ?lolllllll
do you expect us to give you a price for the 4.5 million coins? If so, we would be setting our own market-cap. Companies NEVER choose their own valuations, markets do. or do you just want a price, with an uncapped number of coins? If so, I understand why this would would make you feel better.. but its exactly the same. either price or quantity can be fixed , not both. if you want both, i would suggest you wait to buy in the secondary market. Think of it like a funding round. The breakout coin originators are like the series A round of funding and the ICO for those that read this thread should be the B round of funding. But you guys are just skipping the B, C, and IPO rounds and going straight to the post IPO round all without giving investors a chance to even see what the price stabilizes at so investors are going in completely blind. How much actual money has been spent to date on launching Breakout Gaming? What is the current company valuation? We need to know these things. You need to leave room for this round of investors to profit just like yourselves. You need to set the price and set it low (cap the ICO or double the coins we get by eliminating the 7 million in BRO giveaways) where you're pretty positive it will grow with the games up and running. This should be the B round, not the post IPO round. As it currently stands, you are asking for people to blindly send money without knowing whether they paid 100 SATS per BRO or 1,000,000 SATS per BRO. And that's just kinda wrong......and greedy too. +1 U also run the risk of having no buyers left when the market opens just coins beeing given away. |
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Skatebird
Legendary
Offline
Activity: 882
Merit: 1000
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October 18, 2014, 12:21:14 PM |
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Its really easy to understand !!! Can we know the fuckin price before investing money ?lolllllll
do you expect us to give you a price for the 4.5 million coins? If so, we would be setting our own market-cap. Companies NEVER choose their own valuations, markets do. or do you just want a price, with an uncapped number of coins? If so, I understand why this would would make you feel better.. but its exactly the same. either price or quantity can be fixed , not both. if you want both, i would suggest you wait to buy in the secondary market. Think of it like a funding round. The breakout coin originators are like the series A round of funding and the ICO for those that read this thread should be the B round of funding. But you guys are just skipping the B, C, and IPO rounds and going straight to the post IPO round all without giving investors a chance to even see what the price stabilizes at so investors are going in completely blind. How much actual money has been spent to date on launching Breakout Gaming? What is the current company valuation? We need to know these things. You need to leave room for this round of investors to profit just like yourselves. You need to set the price and set it low (cap the ICO or double the coins we get by eliminating the 7 million in BRO giveaways) where you're pretty positive it will grow with the games up and running. This should be the B round, not the post IPO round. As it currently stands, you are asking for people to blindly send money without knowing whether they paid 100 SATS per BRO or 1,000,000 SATS per BRO. And that's just kinda wrong......and greedy too. +1 U also run the risk of having no buyers left when the market opens just coins beeing given away. Im tryin to explain that to devs since 2 days but they dont seem able to understand our point of view. In real life, if you want investors, you NEED to make a real valuation of you compagny/project and ask amount of money that justify a part of the project. Here, they want maximum of btc without saying how much they really need and dont care if investors get craiged or not. |
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gwada971
Jr. Member
Offline
Activity: 32
Merit: 10
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October 18, 2014, 01:17:09 PM |
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Don't know who is coding the website, but get great talent ! |
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brother3
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October 18, 2014, 03:52:30 PM |
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PSA Check out Circle.com when you have a chance. I have not been using Coinbase ever since I found out about Circle... |
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jaybny
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October 18, 2014, 06:43:42 PM |
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Think of it like a funding round. The breakout coin originators are like the series A round of funding and the ICO for those that read this thread should be the B round of funding.
But you guys are just skipping the B, C, and IPO rounds and going straight to the post IPO round all without giving investors a chance to even see what the price stabilizes at so investors are going in completely blind. How much actual money has been spent to date on launching Breakout Gaming? What is the current company valuation? We need to know these things.
these coin crowd-sales are a new paradigm. im sure money was spent on launching breakout gaming, and are now selling a genesis coin product. If you still want to compare, the ico is more like the ipo stage.. I dont know how you can compare it to post ipo? You need to leave room for this round of investors to profit just like yourselves. You need to set the price and set it low (cap the ICO or double the coins we get by eliminating the 7 million in BRO giveaways) where you're pretty positive it will grow with the games up and running. This should be the B round, not the post IPO round.
how would doubling the coins for the ico make any difference to your logic? eliminating the giveaways, is a very bad idea for the long term prospects of breakout coin. coins are successful with wider distributions. if you think widely distributing free coins are a negative for a coins survival, you have not been paying attention. As it currently stands, you are asking for people to blindly send money without knowing whether they paid 100 SATS per BRO or 1,000,000 SATS per BRO. And that's just kinda wrong......and greedy too.
but your ok with it, if we double the number of ico coins? even without knowing the price? I think once we all know how many BTCs OP is hoping to raise, we can all get some insight into price and market-cap. |
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tljenson
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October 18, 2014, 10:40:54 PM |
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PSA Check out Circle.com when you have a chance. I have not been using Coinbase ever since I found out about Circle... Same here Circle is great, in my opinion the best way to buy BTC. |
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tljenson
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October 18, 2014, 10:45:50 PM |
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I'm curious to know if Blockchain bloat is going to be an issue with this coin. I've played around with several CryptoNote coins of, and they can be take up a lot more space than other coins.
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Kuriso
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October 18, 2014, 11:18:01 PM |
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Couple questions. May have been asked but I hadn't seen them. Sorry if they are repeats.
Who is handling the ICO? Is it internal or an exchange?
When will the actual coin, wallet, and gaming platform be ready?
Which cryptonote coin did you clone? Are you familiar with some of the difference between coins like BBR and XMR? Will code be opensource?
--- Edit ---
Just seen this posted above. It answers one of the questions.
"When launched, players will have access to the exchange, Poker, Fantasy Sports, Crypto Fantasy etc.. with one universal ID."
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jaybny
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October 18, 2014, 11:20:33 PM |
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I'm curious to know if Blockchain bloat is going to be an issue with this coin. I've played around with several CryptoNote coins of, and they can be take up a lot more space than other coins.
Im just about ready to scrap CryptoNote and go with typical blockchain. will put it to a vote, but so far there is no love for cn. |
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jaybny
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October 18, 2014, 11:27:28 PM |
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Couple questions. May have been asked but I hadn't seen them. Sorry if they are repeats.
Who is handling the ICO? Is it internal or an exchange?
internal, javascript, everything stored on bitcoin blokcchain, code currently being audited, very similar process like ethereum. When will the actual coin, wallet, and gaming platform be ready?
plan is to launch poker and coin at same time. shooting for 30 days post ico. Which cryptonote coin did you clone? Are you familiar with some of the difference between coins like BBR and XMR? Will code be opensource?
yes open-source at launch. cloned cryptonote directly. yes, familiar with Boolberry and Monero. also have a non cryptonote , x13 implementation as backup, due to recent cryptonote revelations. |
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Kuriso
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October 18, 2014, 11:28:20 PM |
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I'm curious to know if Blockchain bloat is going to be an issue with this coin. I've played around with several CryptoNote coins of, and they can be take up a lot more space than other coins.
Im just about ready to scrap CryptoNote and go with typical blockchain. will put it to a vote, but so far there is no love for cn. Not all exchanges are compatible with CN coins. That could be one advantage to going with a typical bitcoin based blockchain. The other exchanges will come online eventually so in the long term scheme of things, it may not matter. |
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