Topic: A story about Fred, the MMXIV Prospector - page 2. (Read 7467 times)
Great for fred, what about the ones that bought at 0.02 a week ago
Update February 23, 2015
Sorry for the delay, update is below. Prices for BTC/USD are taken from the Winkdex and prices for MMXIV/BTC are from the Bittrex daily chart.
BLUE line indicates BTC/USD value expressed in $USD
RED line indicates size of MMXIV wallet expressed in MMXIV
GREEN line indicates $USD value of MMXIV wallet
Based on MMXIV's 2014% annual interest rate, compounded daily, on February 18, 2015 his wallet now contains 685.0 MMXIV, more than THIRTY FOUR TIMES the coins he originally purchased. His ending MMXIV $USD wallet value is $555.81 or BTC2.39
The price of BTC/MMXIV decreased by 81.66%
The price of BTC/USD dropped by 33.96%
The $USD value of Fred's MMXIV wallet increased by 314.75% from $134.01 to $555.81
The BTC value of Fred's MMXIV wallet increased by 528.07% from 0.38 BTC to 2.39 BTC
MMXIV's market price has dropped significantly in the past two weeks. Thankfully, MMXIV's powerful 5.5% daily compounding has prevented further loss - in fact, Fred is still ahead over 300% from his initial investment. He is far, far better off than he would have been if he'd just left that BTC in his wallet.
As before, if you doubt any of this, the raw data used to perform these calculations can be found here.
Sorry for the delay, update is below. Prices for BTC/USD are taken from the Winkdex and prices for MMXIV/BTC are from the Bittrex daily chart.
BLUE line indicates BTC/USD value expressed in $USD
RED line indicates size of MMXIV wallet expressed in MMXIV
GREEN line indicates $USD value of MMXIV wallet
Based on MMXIV's 2014% annual interest rate, compounded daily, on February 18, 2015 his wallet now contains 685.0 MMXIV, more than THIRTY FOUR TIMES the coins he originally purchased. His ending MMXIV $USD wallet value is $555.81 or BTC2.39
The price of BTC/MMXIV decreased by 81.66%
The price of BTC/USD dropped by 33.96%
The $USD value of Fred's MMXIV wallet increased by 314.75% from $134.01 to $555.81
The BTC value of Fred's MMXIV wallet increased by 528.07% from 0.38 BTC to 2.39 BTC
MMXIV's market price has dropped significantly in the past two weeks. Thankfully, MMXIV's powerful 5.5% daily compounding has prevented further loss - in fact, Fred is still ahead over 300% from his initial investment. He is far, far better off than he would have been if he'd just left that BTC in his wallet.
As before, if you doubt any of this, the raw data used to perform these calculations can be found here.
Time for an update.
Update February 12, 2015
Let's see how Fred is doing after another week. Prices for BTC/USD are taken from the Winkdex and prices for MMXIV/BTC are from the Bittrex daily chart.
BLUE line indicates BTC/USD value expressed in $USD
RED line indicates size of MMXIV wallet expressed in MMXIV
GREEN line indicates $USD value of MMXIV wallet
Based on MMXIV's 2014% annual interest rate, compounded daily, on February 11, 2015 his wallet now contains 470.90 MMXIV, more than TWENTY THREE TIMES the coins he originally purchased. His ending MMXIV $USD wallet value is $1012.32 or BTC4.61
The price of BTC/MMXIV decreased by 48.42%
The price of BTC/USD dropped by 37.80%
The $USD value of Fred's MMXIV wallet increased by 655.40% from $134.01 to $1012.32
The BTC value of Fred's MMXIV wallet increased by 1,578.19% from 0.38 BTC to 4.61 BTC
Due to MMXIV's powerful 5.5% daily compounding, Fred has already completely recovered from MMXIV's 50% price drop in the past two weeks. Just look a few posts above to his Jan 28 update.
2 weeks ago the price of MMXIV was 0.02, today it is 0.009, yet his wallet BTC value has increased, and his wallet $USD value has only dropped a few dollars.
As before, if you doubt any of this, the raw data used to perform these calculations can be found here.
Let's see how Fred is doing after another week. Prices for BTC/USD are taken from the Winkdex and prices for MMXIV/BTC are from the Bittrex daily chart.
BLUE line indicates BTC/USD value expressed in $USD
RED line indicates size of MMXIV wallet expressed in MMXIV
GREEN line indicates $USD value of MMXIV wallet
Based on MMXIV's 2014% annual interest rate, compounded daily, on February 11, 2015 his wallet now contains 470.90 MMXIV, more than TWENTY THREE TIMES the coins he originally purchased. His ending MMXIV $USD wallet value is $1012.32 or BTC4.61
The price of BTC/MMXIV decreased by 48.42%
The price of BTC/USD dropped by 37.80%
The $USD value of Fred's MMXIV wallet increased by 655.40% from $134.01 to $1012.32
The BTC value of Fred's MMXIV wallet increased by 1,578.19% from 0.38 BTC to 4.61 BTC
Due to MMXIV's powerful 5.5% daily compounding, Fred has already completely recovered from MMXIV's 50% price drop in the past two weeks. Just look a few posts above to his Jan 28 update.
2 weeks ago the price of MMXIV was 0.02, today it is 0.009, yet his wallet BTC value has increased, and his wallet $USD value has only dropped a few dollars.
As before, if you doubt any of this, the raw data used to perform these calculations can be found here.
That red curve is about to hit the sky
Update February 12, 2015
Let's see how Fred is doing after another week. Prices for BTC/USD are taken from the Winkdex and prices for MMXIV/BTC are from the Bittrex daily chart.
BLUE line indicates BTC/USD value expressed in $USD
RED line indicates size of MMXIV wallet expressed in MMXIV
GREEN line indicates $USD value of MMXIV wallet
Based on MMXIV's 2014% annual interest rate, compounded daily, on February 11, 2015 his wallet now contains 470.90 MMXIV, more than TWENTY THREE TIMES the coins he originally purchased. His ending MMXIV $USD wallet value is $1012.32 or BTC4.61
The price of BTC/MMXIV decreased by 48.42%
The price of BTC/USD dropped by 37.80%
The $USD value of Fred's MMXIV wallet increased by 655.40% from $134.01 to $1012.32
The BTC value of Fred's MMXIV wallet increased by 1,578.19% from 0.38 BTC to 4.61 BTC
Due to MMXIV's powerful 5.5% daily compounding, Fred has already completely recovered from MMXIV's 50% price drop in the past two weeks. Just look a few posts above to his Jan 28 update.
2 weeks ago the price of MMXIV was 0.02, today it is 0.009, yet his wallet BTC value has increased, and his wallet $USD value has only dropped a few dollars.
As before, if you doubt any of this, the raw data used to perform these calculations can be found here.
Let's see how Fred is doing after another week. Prices for BTC/USD are taken from the Winkdex and prices for MMXIV/BTC are from the Bittrex daily chart.
BLUE line indicates BTC/USD value expressed in $USD
RED line indicates size of MMXIV wallet expressed in MMXIV
GREEN line indicates $USD value of MMXIV wallet
Based on MMXIV's 2014% annual interest rate, compounded daily, on February 11, 2015 his wallet now contains 470.90 MMXIV, more than TWENTY THREE TIMES the coins he originally purchased. His ending MMXIV $USD wallet value is $1012.32 or BTC4.61
The price of BTC/MMXIV decreased by 48.42%
The price of BTC/USD dropped by 37.80%
The $USD value of Fred's MMXIV wallet increased by 655.40% from $134.01 to $1012.32
The BTC value of Fred's MMXIV wallet increased by 1,578.19% from 0.38 BTC to 4.61 BTC
Due to MMXIV's powerful 5.5% daily compounding, Fred has already completely recovered from MMXIV's 50% price drop in the past two weeks. Just look a few posts above to his Jan 28 update.
2 weeks ago the price of MMXIV was 0.02, today it is 0.009, yet his wallet BTC value has increased, and his wallet $USD value has only dropped a few dollars.
As before, if you doubt any of this, the raw data used to perform these calculations can be found here.
well written and excellent in theory, but you seem to avoid the fact that if there isn't demand (buy orders) for Fred to be able to exit at that profit, this investment won't be profitable. With such a huge %Pos, MMXIV is a guess for when and who will dump first. the price will keep falling while the total coins is increasing drastically.
maybe i'm wrong though, if so, can you explain? maybe it's only me, but i see this well-thought thread as a way to create *demand* to help "Fred" to exit, or to help him selling his new generated coins from Pos% until he meets his ROI...
maybe i'm wrong though, if so, can you explain? maybe it's only me, but i see this well-thought thread as a way to create *demand* to help "Fred" to exit, or to help him selling his new generated coins from Pos% until he meets his ROI...
True, volume would need to increase from current levels to exit in any reasonable amount of time without crashing the market. If Fred were ready to start cashing in, he would have to let them out slowly or end up reducing his total profit by crashing the price.
The upside to this is that, as he sold his coins over the course of several days, he would continue to generate stake on the unsold coins each day, which would help make up for any potential profit reduction.
If/when volume picks up - and it has significantly from the start of this thread - it would be easier to exit and realize your gains.
well written and excellent in theory, but you seem to avoid the fact that if there isn't demand (buy orders) for Fred to be able to exit at that profit, this investment won't be profitable. With such a huge %Pos, MMXIV is a guess for when and who will dump first. the price will keep falling while the total coins is increasing drastically.
maybe i'm wrong though, if so, can you explain? maybe it's only me, but i see this well-thought thread as a way to create *demand* to help "Fred" to exit, or to help him selling his new generated coins from Pos% until he meets his ROI...
maybe i'm wrong though, if so, can you explain? maybe it's only me, but i see this well-thought thread as a way to create *demand* to help "Fred" to exit, or to help him selling his new generated coins from Pos% until he meets his ROI...
Yet another week and time to update Fred's progress. Prices for BTC/USD are taken from the Winkdex and prices for MMXIV/BTC are from the Bittrex daily chart.
BLUE line indicates BTC/USD value expressed in $USD
RED line indicates size of MMXIV wallet expressed in MMXIV
GREEN line indicates $USD value of MMXIV wallet
Based on MMXIV's 2014% annual interest rate, compounded daily, on February 5, 2015 his wallet now contains 323.71 MMXIV, more than SIXTEEN TIMES the coins he originally purchased. His ending MMXIV $USD wallet value is $997.06 or BTC4.38
The price of BTC/MMXIV decreased by 28.72%
The price of BTC/USD dropped by 35.51%
The $USD value of Fred's MMXIV wallet increased by 644.02% from $134.01 to $997.06
The BTC value of Fred's MMXIV wallet increased by 1,053.65% from 0.38 BTC to 4.38 BTC
MMXIV price dropped pretty hard this week, but Fred isn't upset about this. His gains from staking protected his investment from a major loss. Fred lost a bit of his gains from last week, but he is still over 600% profit in terms of $USD and over 1,000% profit in terms of BTC.
With a wallet full of of 323.71 MMXIV and staking at 5.5% daily, Fred is now earning roughly 18 MMXIV per day in stake. At current market price, that is is 0.23 BTC worth of MMXIV each and every day. You can begin to see now how steeply the red line is beginning to curve up - this is the power of compounding interest.
The important thing to take from this is that market price doesn't matter. Big-money investors don't care about price, they earn on percentages. The bottom line is, to make money on MMXIV, the market price must decrease less than 5.5% per day. That's all you need to care about. If the price stays the same, or goes up, or even if it decreases 4% per day, you're making money.
As before, if you doubt any of this, the raw data used to perform these calculations can be found here.
BLUE line indicates BTC/USD value expressed in $USD
RED line indicates size of MMXIV wallet expressed in MMXIV
GREEN line indicates $USD value of MMXIV wallet
Based on MMXIV's 2014% annual interest rate, compounded daily, on February 5, 2015 his wallet now contains 323.71 MMXIV, more than SIXTEEN TIMES the coins he originally purchased. His ending MMXIV $USD wallet value is $997.06 or BTC4.38
The price of BTC/MMXIV decreased by 28.72%
The price of BTC/USD dropped by 35.51%
The $USD value of Fred's MMXIV wallet increased by 644.02% from $134.01 to $997.06
The BTC value of Fred's MMXIV wallet increased by 1,053.65% from 0.38 BTC to 4.38 BTC
MMXIV price dropped pretty hard this week, but Fred isn't upset about this. His gains from staking protected his investment from a major loss. Fred lost a bit of his gains from last week, but he is still over 600% profit in terms of $USD and over 1,000% profit in terms of BTC.
With a wallet full of of 323.71 MMXIV and staking at 5.5% daily, Fred is now earning roughly 18 MMXIV per day in stake. At current market price, that is is 0.23 BTC worth of MMXIV each and every day. You can begin to see now how steeply the red line is beginning to curve up - this is the power of compounding interest.
The important thing to take from this is that market price doesn't matter. Big-money investors don't care about price, they earn on percentages. The bottom line is, to make money on MMXIV, the market price must decrease less than 5.5% per day. That's all you need to care about. If the price stays the same, or goes up, or even if it decreases 4% per day, you're making money.
As before, if you doubt any of this, the raw data used to perform these calculations can be found here.
It has been another week and time to update Fred's progress. Prices for BTC/USD are taken from the Winkdex and prices for MMXIV/BTC are from the Bittrex daily chart.
BLUE line indicates BTC/USD value expressed in $USD
RED line indicates size of MMXIV wallet expressed in MMXIV
GREEN line indicates $USD value of MMXIV wallet
Based on MMXIV's 2014% annual interest rate, compounded daily, on January 29, 2015 his wallet now contains 222.53 MMXIV, more than ELEVEN TIMES the coins he originally purchased. His ending MMXIV $USD wallet value is $1,048.72 or BTC4.47
The price of BTC/MMXIV increased by 5.83%
The price of BTC/USD dropped by 33.54%
The $USD value of Fred's MMXIV wallet increased by 682.56% from $134.01 to $1,048.72
The BTC value of Fred's MMXIV wallet increased by 1,077.53% from 0.38 BTC to 4.47 BTC
Fred has now officially reached double digits in return on his money. His wallet BTC value has increased more than 10x.
As before, if you doubt any of this, the raw data used to perform these calculations can be found here.
BLUE line indicates BTC/USD value expressed in $USD
RED line indicates size of MMXIV wallet expressed in MMXIV
GREEN line indicates $USD value of MMXIV wallet
Based on MMXIV's 2014% annual interest rate, compounded daily, on January 29, 2015 his wallet now contains 222.53 MMXIV, more than ELEVEN TIMES the coins he originally purchased. His ending MMXIV $USD wallet value is $1,048.72 or BTC4.47
The price of BTC/MMXIV increased by 5.83%
The price of BTC/USD dropped by 33.54%
The $USD value of Fred's MMXIV wallet increased by 682.56% from $134.01 to $1,048.72
The BTC value of Fred's MMXIV wallet increased by 1,077.53% from 0.38 BTC to 4.47 BTC
Fred has now officially reached double digits in return on his money. His wallet BTC value has increased more than 10x.
As before, if you doubt any of this, the raw data used to perform these calculations can be found here.
Steady profits in a flailing BTC market feels like spotting Bigfoot
It has been another week and time to update Fred's progress. Prices for BTC/USD are taken from the Winkdex and prices for MMXIV/BTC are from the Bittrex daily chart.
BLUE line indicates BTC/USD value expressed in $USD
RED line indicates size of MMXIV wallet expressed in MMXIV
GREEN line indicates $USD value of MMXIV wallet
Based on MMXIV's 2014% annual interest rate, compounded daily, on January 29, 2015 his wallet now contains 222.53 MMXIV, more than ELEVEN TIMES the coins he originally purchased. His ending MMXIV $USD wallet value is $1,048.72 or BTC4.47
The price of BTC/MMXIV increased by 5.83%
The price of BTC/USD dropped by 33.54%
The $USD value of Fred's MMXIV wallet increased by 682.56% from $134.01 to $1,048.72
The BTC value of Fred's MMXIV wallet increased by 1,077.53% from 0.38 BTC to 4.47 BTC
Fred has now officially reached double digits in return on his money. His wallet BTC value has increased more than 10x.
As before, if you doubt any of this, the raw data used to perform these calculations can be found here.
BLUE line indicates BTC/USD value expressed in $USD
RED line indicates size of MMXIV wallet expressed in MMXIV
GREEN line indicates $USD value of MMXIV wallet
Based on MMXIV's 2014% annual interest rate, compounded daily, on January 29, 2015 his wallet now contains 222.53 MMXIV, more than ELEVEN TIMES the coins he originally purchased. His ending MMXIV $USD wallet value is $1,048.72 or BTC4.47
The price of BTC/MMXIV increased by 5.83%
The price of BTC/USD dropped by 33.54%
The $USD value of Fred's MMXIV wallet increased by 682.56% from $134.01 to $1,048.72
The BTC value of Fred's MMXIV wallet increased by 1,077.53% from 0.38 BTC to 4.47 BTC
Fred has now officially reached double digits in return on his money. His wallet BTC value has increased more than 10x.
As before, if you doubt any of this, the raw data used to perform these calculations can be found here.
Price is still holding steady. Fred is getting rich as fuck
Fred is imaginary, but this situation is not hypothetical, this is fact based on real numbers. The chart below is based on actual BTC/USD values taken from the Winkdex and actual BTC/MMXIV daily highs from Bittrex:
Fred is my homey. We got plans this weekend for a pickup game at the ymca. Imagine that.
How does this coin work?
It offers 100% weekly interest offline?
How?
It offers 100% weekly interest offline?
How?
It is a POS only coin. 2014% annual POS interest compounded daily works out to 5.5% per day. All you have to do is leave your wallet open with a balance and everything else happens automagically.
Or, you can buy a Snowball and let it do the staking for you. Read more in the MMXIV ANN thread.
I thought it offered offline staking?
Offline staking was basically a test for the Snowball staking hardware. The Snowball is a small device that is just about as close to offline staking as you can get. Fire it up, import your wallet's private key, and it does the staking for you, no need to leave your wallet running all the time. You can login to the Snowball's web UI to check your balance, or just fire up your wallet occasionally, let it sync and check it that way.
How does this coin work?
It offers 100% weekly interest offline?
How?
It offers 100% weekly interest offline?
How?
It is a POS only coin. 2014% annual POS interest compounded daily works out to 5.5% per day. All you have to do is leave your wallet open with a balance and everything else happens automagically.
Or, you can buy a Snowball and let it do the staking for you. Read more in the MMXIV ANN thread.
I thought it offered offline staking?
How does this coin work?
It offers 100% weekly interest offline?
How?
It offers 100% weekly interest offline?
How?
It is a POS only coin. 2014% annual POS interest compounded daily works out to 5.5% per day. All you have to do is leave your wallet open with a balance and everything else happens automagically.
Or, you can buy a Snowball and let it do the staking for you. Read more in the MMXIV ANN thread.
I thought it offered offline staking?
How does this coin work?
It offers 100% weekly interest offline?
How?
It offers 100% weekly interest offline?
How?
It is a POS only coin. 2014% annual POS interest compounded daily works out to 5.5% per day. All you have to do is leave your wallet open with a balance and everything else happens automagically.
Or, you can buy a Snowball and let it do the staking for you. Read more in the MMXIV ANN thread.
How does this coin work?
It offers 100% weekly interest offline?
How?
It offers 100% weekly interest offline?
How?
It has been a week and time to update Fred's progress. Prices for BTC/USD are taken from the Winkdex and prices for MMXIV/BTC are from the Bittrex daily chart.
BLUE line indicates BTC/USD value expressed in $USD
RED line indicates size of MMXIV wallet expressed in MMXIV
GREEN line indicates $USD value of MMXIV wallet
Based on MMXIV's 2014% annual interest rate, compounded daily, on January 22, 2015 his wallet now contains 161.39 MMXIV, more than EIGHT TIMES the coins he originally purchased. His ending MMXIV $USD wallet value is $782.27 or BTC3.37
The price of BTC/MMXIV increased by 10%
The price of BTC/USD dropped by 34.24%
The $USD value of Fred's MMXIV wallet increased by 483.74% from $134.01 to $782.27
The BTC value of Fred's MMXIV wallet increased by 528.02% from 0.38 BTC to 3.37 BTC
This is the power of 5.5% daily interest people.
As before, if you doubt any of this, the raw data used to perform these calculations can be found here.
BLUE line indicates BTC/USD value expressed in $USD
RED line indicates size of MMXIV wallet expressed in MMXIV
GREEN line indicates $USD value of MMXIV wallet
Based on MMXIV's 2014% annual interest rate, compounded daily, on January 22, 2015 his wallet now contains 161.39 MMXIV, more than EIGHT TIMES the coins he originally purchased. His ending MMXIV $USD wallet value is $782.27 or BTC3.37
The price of BTC/MMXIV increased by 10%
The price of BTC/USD dropped by 34.24%
The $USD value of Fred's MMXIV wallet increased by 483.74% from $134.01 to $782.27
The BTC value of Fred's MMXIV wallet increased by 528.02% from 0.38 BTC to 3.37 BTC
This is the power of 5.5% daily interest people.
As before, if you doubt any of this, the raw data used to perform these calculations can be found here.
He is indeed. I will continue to update his progress each week.
fred is very smart man
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