Is investment still open? I'd like to pick another BTCBR with for 1 mgwBTC?
I think not anymore, OP, could you help us?
Why not?
The thread has not been changed, and it looks the conditions are the same
Topic: . - page 6. (Read 11445 times)
Is investment still open? I'd like to pick another BTCBR with for 1 mgwBTC?
I think not anymore, OP, could you help us?
This thing is pretty convenient: https://trade.secureae.com/#9515586733978661635
use "desctop login" and you can use your normal passphrase
use "desctop login" and you can use your normal passphrase
Hmm... the wallet I was using is MyNXT.info. Tried inputting the passphrase from that into SecureAE and it ended up with a separate address/no balance.
The mynxt.info is a login passphrase, no NXT brainwallet. Look if you can Export the "private key" or something the like
Ahhh, I get ya. I don't have much in the wallet so what I'm going to do is just start a new one through SecureAE and start using that instead, just since it's easier and if I ever want to use the reference client, it's still a possibility even if SecureAE goes down.
This thing is pretty convenient: https://trade.secureae.com/#9515586733978661635
use "desctop login" and you can use your normal passphrase
use "desctop login" and you can use your normal passphrase
Hmm... the wallet I was using is MyNXT.info. Tried inputting the passphrase from that into SecureAE and it ended up with a separate address/no balance.
Can someone please explain how this NXT share buying works (or confirm if I'm getting this right)? Based on what I can see, we:
1) Download the wallet or use a Web wallet
2) Search for the Asset ID
3) See its price (30k NXT the last time I looked)
4) Buy 30k NXT on an exchange
5) Transfer it to the wallet
6) Use it to purchase the asset
Is this correct? If so, is there a way with less steps (like a way to buy directly with BTC)?
And how are dividends paid? By just adding NXT to our accounts?
1) Download the wallet or use a Web wallet
2) Search for the Asset ID
3) See its price (30k NXT the last time I looked)
4) Buy 30k NXT on an exchange
5) Transfer it to the wallet
6) Use it to purchase the asset
Is this correct? If so, is there a way with less steps (like a way to buy directly with BTC)?
And how are dividends paid? By just adding NXT to our accounts?
1. Download the wallet or use a Web wallet and create a NXT passphrase
2. PM TwinWinNerD how much you want to invest and your NXT address
3. You get a BTC deposit address and the amount of BTCBR shares you will get
4. You pay the BTC and receive the assets to you NXT accout.
Dividends are either paid in mgwBTC (a BTC token you can cashout any time easily with the NXT client to BTC) or in more assets, because most people tell me that they just want to reinvest each dividend.
Ohhh, very cool. This also helps explain why the client I looked at only showed 5 BTCBR shares for sale, :p.
Since you can pay dividends in more shares, that means fractional ownership is also possible?
yes, down to 8 digits, and dividends are automatically calculated too, so even if you only hold 0.001 BTC of it, you still get your fair share.
PS: the offer on the AE is not from me, as I said this market is only evolving, and the asset will never be directly sold there.
Awesome! Thanks for the answers. I'm likely going to end up getting a share soon. You're making this a LOT easier than I thought it'd be (which is why I didn't look into it before -- for whatever reason, I find the decentralized exchanges really confusing in their current state. As an example, on the Web wallet I'm using, your asset ID for NXT doesn't even show up).
Can someone please explain how this NXT share buying works (or confirm if I'm getting this right)? Based on what I can see, we:
1) Download the wallet or use a Web wallet
2) Search for the Asset ID
3) See its price (30k NXT the last time I looked)
4) Buy 30k NXT on an exchange
5) Transfer it to the wallet
6) Use it to purchase the asset
Is this correct? If so, is there a way with less steps (like a way to buy directly with BTC)?
And how are dividends paid? By just adding NXT to our accounts?
1) Download the wallet or use a Web wallet
2) Search for the Asset ID
3) See its price (30k NXT the last time I looked)
4) Buy 30k NXT on an exchange
5) Transfer it to the wallet
6) Use it to purchase the asset
Is this correct? If so, is there a way with less steps (like a way to buy directly with BTC)?
And how are dividends paid? By just adding NXT to our accounts?
1. Download the wallet or use a Web wallet and create a NXT passphrase
2. PM TwinWinNerD how much you want to invest and your NXT address
3. You get a BTC deposit address and the amount of BTCBR shares you will get
4. You pay the BTC and receive the assets to you NXT accout.
Dividends are either paid in mgwBTC (a BTC token you can cashout any time easily with the NXT client to BTC) or in more assets, because most people tell me that they just want to reinvest each dividend.
Ohhh, very cool. This also helps explain why the client I looked at only showed 5 BTCBR shares for sale, :p.
Since you can pay dividends in more shares, that means fractional ownership is also possible?
Can someone please explain how this NXT share buying works (or confirm if I'm getting this right)? Based on what I can see, we:
1) Download the wallet or use a Web wallet
2) Search for the Asset ID
3) See its price (30k NXT the last time I looked)
4) Buy 30k NXT on an exchange
5) Transfer it to the wallet
6) Use it to purchase the asset
Is this correct? If so, is there a way with less steps (like a way to buy directly with BTC)?
And how are dividends paid? By just adding NXT to our accounts?
1) Download the wallet or use a Web wallet
2) Search for the Asset ID
3) See its price (30k NXT the last time I looked)
4) Buy 30k NXT on an exchange
5) Transfer it to the wallet
6) Use it to purchase the asset
Is this correct? If so, is there a way with less steps (like a way to buy directly with BTC)?
And how are dividends paid? By just adding NXT to our accounts?
I am not entirely familiar with your thought process here. I would think that if earnings have been accused, but not yet paid, then the value of the shares should be greater. I am not following the double dip theory.
NXT asset is tradeable ( isnt it? )which means if the volume pick up in the future and profit keep on increasing then there is a chance that the value of the shares will be higher which means if you purchase a share for 1BTC right now and the value increase by 1.1 BTC in 3 months timeframe (which is 6 x 2 weeks period ) then you are getting a share of profit while your initial capital has raised by 0.1 BTC
I will try it, maybe. 1 BTC is no problem but how does it work? I invest and when someone win big I lose / when someone lose big I win?
How does what work? isnt it clear in the OP already? Like every other gambling sites works, the net profit ( there is a cut for promotions and faucet expenses as well ) of the house within 2 weeks period will be splitted among the share holder . Every lost is counted as a profit for the site
The calculation will be the same no matter how many micro investor there are because in the end everyone will share the profit or the loss of the house which is proportional to his stake of the bankroll (assuming it is 1x kelly for everyone). The reason for not accepting any micro investor could be that the share of profit seem to be calculated manually now (?) ( I could be wrong on this ) unlike the other sites therefore having micro investor isnt feasible for the moment
-snip-Also you can potentially sell less then 1 BTC worth of the bankroll on the NXT AE, potentially for more then the portion of the bankroll you are selling (potentially sell .5 BTC worth of bankroll for .51 or more)
Good thing about using NXT AE rather than a simple BTC investing is that the share will be tradeable thus you are getting double dip of profit whenever the site is taking a huge profit (some sort of like HAVELOCK)
TwinWinNerD is active in the NXT community, and active with NXT and I suspect that one side goal of this project is to increase the adoption of NXT by bitcoin users.
Things that preventing me from investing would be the nasty commission of 40 % and now there is a cut from faucet and promotions but I would lay down low for a fraction of the asset just for the sake of tryout if it tradeable later on but the question will be when?
I agree the 40% is steep, and maybe it will be lowered in the future (this is obviously speculation)(Variant C: Later you will be able to buy the asset directly on the asset exchange, but not at start.)
I would speculate that those people would make up a large share of the bankroll.
Indeed disencouraging micro investor will make up a larger share of the bankroll however on the same that means it bear more risk as well
The calculation will be the same no matter how many micro investor there are because in the end everyone will share the profit or the loss of the house which is proportional to his stake of the bankroll (assuming it is 1x kelly for everyone). The reason for not accepting any micro investor could be that the share of profit seem to be calculated manually now (?) ( I could be wrong on this ) unlike the other sites therefore having micro investor isnt feasible for the moment
-snip-Also you can potentially sell less then 1 BTC worth of the bankroll on the NXT AE, potentially for more then the portion of the bankroll you are selling (potentially sell .5 BTC worth of bankroll for .51 or more)
Good thing about using NXT AE rather than a simple BTC investing is that the share will be tradeable thus you are getting double dip of profit whenever the site is taking a huge profit (some sort of like HAVELOCK)
Things that preventing me from investing would be the nasty commission of 40 % and now there is a cut from faucet and promotions but I would lay down low for a fraction of the asset just for the sake of tryout if it tradeable later on but the question will be when?
(Variant C: Later you will be able to buy the asset directly on the asset exchange, but not at start.)
I would speculate that those people would make up a large share of the bankroll.
Indeed disencouraging micro investor will make up a larger share of the bankroll however on the same that means it bear more risk as well
It's obvious,just projecting data to make some comparisons
No, you are not projecting anything because whatever number that you come up with is based on assumption and speculation therefore that is a bogus data. If you want to make a projection then you should start from the main factor which is house edge. Take the data of the profit gained and Take the house edge as well as the wagered data per 2 weeks period and make a comparison to the profit gained theoritically
That's a 200% ROI in a year wow!
Totally wrong on this, you cant based a 2 weeks uptime for the projection of the yearly performance. You should note that the thing of investing in a gambling site is risky in nature as a whale might be able to drain some of the bankroll and thus leaving zero profit for the two weeks period but given the high house edge, the house will survive in long term though
Any investment, small or big, will only increase the bankroll... is not it ?
Yes.
A quick question, will there be still a cut to the investor if by any chance there is zero profit for the two weeks period?
It's obvious,just projecting data to make some comparisons
There will be less people who will end up investing, thus whatever a person who has a lot of money to invest will have a larger share of the bankroll, and thus a larger return (EV)
The calculation will be the same no matter how many micro investor there are because in the end everyone will share the profit or the loss of the house which is proportional to his stake of the bankroll (assuming it is 1x kelly for everyone). The reason for not accepting any micro investor could be that the share of profit seem to be calculated manually now (?) ( I could be wrong on this ) unlike the other sites therefore having micro investor isnt feasible for the moment
Also you can potentially sell less then 1 BTC worth of the bankroll on the NXT AE, potentially for more then the portion of the bankroll you are selling (potentially sell .5 BTC worth of bankroll for .51 or more)
There will be less people who will end up investing, thus whatever a person who has a lot of money to invest will have a larger share of the bankroll, and thus a larger return (EV)
The calculation will be the same no matter how many micro investor there are because in the end everyone will share the profit or the loss of the house which is proportional to his stake of the bankroll (assuming it is 1x kelly for everyone). The reason for not accepting any micro investor could be that the share of profit seem to be calculated manually now (?) ( I could be wrong on this ) unlike the other sites therefore having micro investor isnt feasible for the moment
I like this idea, and I like the high minimum investment - it makes it so smaller investors will be less likely to invest and dilute the bankroll.
I will probably invest in the next few days.
I will probably invest in the next few days.
Could you please explain how can smaller investors dilute the bankroll ? Any investment, small or big, will only increase the bankroll... is not it ?
That's a 200% ROI in a year wow!
Totally wrong on this, you cant based a 2 weeks uptime for the projection of the yearly performance. You should note that the thing of investing in a gambling site is risky in nature as a whale might be able to drain some of the bankroll and thus leaving zero profit for the two weeks period but given the high house edge, the house will survive in long term though
Any investment, small or big, will only increase the bankroll... is not it ?
Yes.
A quick question, will there be still a cut to the investor if by any chance there is zero profit for the two weeks period?
I like this idea, and I like the high minimum investment - it makes it so smaller investors will be less likely to invest and dilute the bankroll.
I will probably invest in the next few days.
I will probably invest in the next few days.
Could you please explain how can smaller investors dilute the bankroll ? Any investment, small or big, will only increase the bankroll... is not it ?
First Comission!
Our Profit: 18197181 Bits
Free Bits distributed: 920222 Bits (this is all the promotions and faucet)
Net Profit = 17276959 Bits
Commission (40%) = 6910783,6 Bits
High watermark for next commission = 18197181 Bits
Our Profit: 18197181 Bits
Free Bits distributed: 920222 Bits (this is all the promotions and faucet)
Net Profit = 17276959 Bits
Commission (40%) = 6910783,6 Bits
High watermark for next commission = 18197181 Bits
How many BTC were invested, or, more importantly, what was the ROI on this commission?
133.38 BTCBR assets are in existence, so if dividend day way today, each BTC invested would receive 0.0777BTC or 7.77% ROI for the first two weeks of uptime.
That's a 200% ROI in a year wow!
I'd like to have an easy way to invest
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