Topic: 🔵🔵🔵 [ANN] BitMax.io Transaction Mining &amp; Reverse-Mining ⚡️⚡️⚡️ - page 17. (Read 39421 times)

Quote from: Anilbg on June 07, 2019, 10:24:00 AM

snip

Btmx price seems to be stuck at 89cents. I think that’s because of the BitMax private sale tokens BTMXP. It makes BTMX look like a stable pair for exchange.

BTMXP is the next case, what's it for? I'm slowly losing the overview. Unfortunately I don't have enough time at the moment to read in exactly what sense does the BTMXP have? I would prefer the BTMX to remain alone and the price goes through the roof:-)

As far as I know, BTMXP is just a placeholder token for the BTMXs that were sold in the private sale and which are currently locked. It was introduced so that private investors can cash out / trade, I guess.

jumiapaul

copper member

Activity: 336

Merit: 3

Am yet to get any update as regards when the volatility card would be available for sale. I've not seen anybody who has purchased the card neither has anyone enlightened us on how the product works. Its more like a theory without any practical experience or review of users who have tested it.

Mrcharles

copper member

Activity: 336

Merit: 5

But isn't it a risky product for Bitmax as well? I mean there always chance more users winning the bets ? But of course there is chance to earn good money as well.

Every business proposition comes with an extent of risk, there's an strategicffinancial principle which states that the higher the risk, the greater the reward. So bcnex has a full grasp of how the business model works and have put all the indices into consideration before launching the product.

chan001

jr. member

Activity: 280

Merit: 1

Quote from: Lizcrypto on June 06, 2019, 01:00:46 PM

Any updates when ama session is going to start ?? As i have never attended so i wanna join this time.. kindly give information about ama session.

I don't think it will scheduled for coming days. We have to keep eye on their tweeter and telegram for any such updates

Anilbg

jr. member

Activity: 406

Merit: 2

Quote from: AngelJoshua on June 06, 2019, 04:50:59 PM

Quote from: jumiapaul on June 06, 2019, 08:06:52 AM

Quote from: faulerwilli on June 05, 2019, 03:22:10 PM

Quote from: Lizcrypto on June 05, 2019, 10:33:39 AM

Well i am Intrested to know what will be the mark effect of volatility products on new customers??Please provide more information

it looks like these cards have no positive effect on the price of the BTMX tokens for now.
That's too much gimmickry for me now. It's fun in the short term, but for me it's not a serious product that helps to raise the exchange.
You can see that after the good start it is getting more and more difficult to convince the customers of the own stock exchange, so they try a lot at the moment.

Btmx price seems to be stuck at 89cents. I think that’s because of the BitMax private sale tokens BTMXP. It makes BTMX look like a stable pair for exchange.

From these cards, BitMax will be getting some revenue right? People will be using those cards and I am assuming some fees will be taken from users ?

Every product launched by a centralised exchange is basically for profit motive. Bitmax would be selling the volatility cards at a discounted price and winners would redeem the cards at the notional value while loosers cards get expired. Expired cards are revenue for the exchange while winning cards are expenses.

Basically the more user lose more profit for Bitmax. And if users are winning all the bets then it's loss for BitMax.

This is how I understand it too. The more people or users get the right prediction it's like the more loss they will get. But I think it will not really going to be their loss too because the possibility that they will going to get more attention for the project.

But isn't it a risky product for Bitmax as well? I mean there always chance more users winning the bets ? But of course there is chance to earn good money as well.

AngelJoshua

member

Activity: 630

Merit: 10

Quote from: jumiapaul on June 06, 2019, 08:06:52 AM

Quote from: faulerwilli on June 05, 2019, 03:22:10 PM

Quote from: Lizcrypto on June 05, 2019, 10:33:39 AM

Well i am Intrested to know what will be the mark effect of volatility products on new customers??Please provide more information

it looks like these cards have no positive effect on the price of the BTMX tokens for now.
That's too much gimmickry for me now. It's fun in the short term, but for me it's not a serious product that helps to raise the exchange.
You can see that after the good start it is getting more and more difficult to convince the customers of the own stock exchange, so they try a lot at the moment.

Btmx price seems to be stuck at 89cents. I think that’s because of the BitMax private sale tokens BTMXP. It makes BTMX look like a stable pair for exchange.

From these cards, BitMax will be getting some revenue right? People will be using those cards and I am assuming some fees will be taken from users ?

Every product launched by a centralised exchange is basically for profit motive. Bitmax would be selling the volatility cards at a discounted price and winners would redeem the cards at the notional value while loosers cards get expired. Expired cards are revenue for the exchange while winning cards are expenses.

Basically the more user lose more profit for Bitmax. And if users are winning all the bets then it's loss for BitMax.

This is how I understand it too. The more people or users get the right prediction it's like the more loss they will get. But I think it will not really going to be their loss too because the possibility that they will going to get more attention for the project.

Kinkadeinspired

copper member

Activity: 644

Merit: 1

Quote from: Nathan01 on June 06, 2019, 04:29:46 PM

Quote from: ning_aric on June 06, 2019, 07:07:57 AM

Quote from: faulerwilli on June 06, 2019, 04:05:53 AM

Quote from: ning_aric on June 06, 2019, 07:07:57 AM

snip

Btmx price seems to be stuck at 89cents. I think that’s because of the BitMax private sale tokens BTMXP. It makes BTMX look like a stable pair for exchange.

BTMXP is the next case, what's it for? I'm slowly losing the overview. Unfortunately I don't have enough time at the moment to read in exactly what sense does the BTMXP have? I would prefer the BTMX to remain alone and the price goes through the roof:-)

BTMX did well as the only token of BitMax few months back. It had a ATH of about $0.2 or more. It’s at a low now and I would have suggested you buy more bc you’ll may never see it this low, but charts never lie and also never tell you everything, sometimes you get rekt other times you lambo. One of the reasons it pays to buy a volatility card.

I failed to buy and hold $Btmx when it was 0.005$ imagine how much rage I feel when I saw it at 0.02$.. I think it will fall further. Presenting a good entry for some of us Cool

Most definitely, I didn't get the chance to lay my hands on some precious Bitmax token but I am definitely gonna grab the slightest opportunity I get to fill my bags with some. The team is full of smart people. I am optimistic about this one! 💪

Nathan01

member

Activity: 728

Merit: 11

DocTailor IEO on Zloadr

Quote from: faulerwilli on June 06, 2019, 04:05:53 AM

Quote from: chan001 on June 06, 2019, 12:10:34 PM

snip

Btmx price seems to be stuck at 89cents. I think that’s because of the BitMax private sale tokens BTMXP. It makes BTMX look like a stable pair for exchange.

BTMXP is the next case, what's it for? I'm slowly losing the overview. Unfortunately I don't have enough time at the moment to read in exactly what sense does the BTMXP have? I would prefer the BTMX to remain alone and the price goes through the roof:-)

BTMX did well as the only token of BitMax few months back. It had a ATH of about $0.2 or more. It’s at a low now and I would have suggested you buy more bc you’ll may never see it this low, but charts never lie and also never tell you everything, sometimes you get rekt other times you lambo. One of the reasons it pays to buy a volatility card.

I failed to buy and hold $Btmx when it was 0.005$ imagine how much rage I feel when I saw it at 0.02$.. I think it will fall further. Presenting a good entry for some of us Cool

Lizcrypto

jr. member

Activity: 98

Merit: 1

Any updates when ama session is going to start ?? As i have never attended so i wanna join this time.. kindly give information about ama session.

ethtrader16

copper member

Activity: 658

Merit: 0

Empowering crypto w/ sustainable energy

Quote from: jumiapaul on June 06, 2019, 08:06:52 AM

Quote from: faulerwilli on June 05, 2019, 03:22:10 PM

Quote from: Lizcrypto on June 05, 2019, 10:33:39 AM

Well i am Intrested to know what will be the mark effect of volatility products on new customers??Please provide more information

it looks like these cards have no positive effect on the price of the BTMX tokens for now.
That's too much gimmickry for me now. It's fun in the short term, but for me it's not a serious product that helps to raise the exchange.
You can see that after the good start it is getting more and more difficult to convince the customers of the own stock exchange, so they try a lot at the moment.

Btmx price seems to be stuck at 89cents. I think that’s because of the BitMax private sale tokens BTMXP. It makes BTMX look like a stable pair for exchange.

From these cards, BitMax will be getting some revenue right? People will be using those cards and I am assuming some fees will be taken from users ?

Every product launched by a centralised exchange is basically for profit motive. Bitmax would be selling the volatility cards at a discounted price and winners would redeem the cards at the notional value while loosers cards get expired. Expired cards are revenue for the exchange while winning cards are expenses.

Basically the more user lose more profit for Bitmax. And if users are winning all the bets then it's loss for BitMax.

Right. But when these cards will be available at BitMax exchange? Is it already available for buying?

I also really need answer of this question. As I visited and read their blogs but I couldn't found exactly where we get this card. Could someone give us information if anyone knows about it?

chan001

jr. member

Activity: 280

Merit: 1

Quote from: jumiapaul on June 06, 2019, 08:06:52 AM

Quote from: faulerwilli on June 05, 2019, 03:22:10 PM

Quote from: Lizcrypto on June 05, 2019, 10:33:39 AM

Well i am Intrested to know what will be the mark effect of volatility products on new customers??Please provide more information

it looks like these cards have no positive effect on the price of the BTMX tokens for now.
That's too much gimmickry for me now. It's fun in the short term, but for me it's not a serious product that helps to raise the exchange.
You can see that after the good start it is getting more and more difficult to convince the customers of the own stock exchange, so they try a lot at the moment.

Btmx price seems to be stuck at 89cents. I think that’s because of the BitMax private sale tokens BTMXP. It makes BTMX look like a stable pair for exchange.

From these cards, BitMax will be getting some revenue right? People will be using those cards and I am assuming some fees will be taken from users ?

Every product launched by a centralised exchange is basically for profit motive. Bitmax would be selling the volatility cards at a discounted price and winners would redeem the cards at the notional value while loosers cards get expired. Expired cards are revenue for the exchange while winning cards are expenses.

Basically the more user lose more profit for Bitmax. And if users are winning all the bets then it's loss for BitMax.

Right. But when these cards will be available at BitMax exchange? Is it already available for buying?

Anilbg

jr. member

Activity: 406

Merit: 2

Quote from: jumiapaul on June 06, 2019, 08:06:52 AM

Quote from: faulerwilli on June 05, 2019, 03:22:10 PM

Quote from: Lizcrypto on June 05, 2019, 10:33:39 AM

Well i am Intrested to know what will be the mark effect of volatility products on new customers??Please provide more information

it looks like these cards have no positive effect on the price of the BTMX tokens for now.
That's too much gimmickry for me now. It's fun in the short term, but for me it's not a serious product that helps to raise the exchange.
You can see that after the good start it is getting more and more difficult to convince the customers of the own stock exchange, so they try a lot at the moment.

Btmx price seems to be stuck at 89cents. I think that’s because of the BitMax private sale tokens BTMXP. It makes BTMX look like a stable pair for exchange.

From these cards, BitMax will be getting some revenue right? People will be using those cards and I am assuming some fees will be taken from users ?

Every product launched by a centralised exchange is basically for profit motive. Bitmax would be selling the volatility cards at a discounted price and winners would redeem the cards at the notional value while loosers cards get expired. Expired cards are revenue for the exchange while winning cards are expenses.

Basically the more user lose more profit for Bitmax. And if users are winning all the bets then it's loss for BitMax.

jumiapaul

copper member

Activity: 336

Merit: 3

Quote from: faulerwilli on June 05, 2019, 03:22:10 PM

Quote from: Lizcrypto on June 05, 2019, 10:33:39 AM

Well i am Intrested to know what will be the mark effect of volatility products on new customers??Please provide more information

it looks like these cards have no positive effect on the price of the BTMX tokens for now.
That's too much gimmickry for me now. It's fun in the short term, but for me it's not a serious product that helps to raise the exchange.
You can see that after the good start it is getting more and more difficult to convince the customers of the own stock exchange, so they try a lot at the moment.

Btmx price seems to be stuck at 89cents. I think that’s because of the BitMax private sale tokens BTMXP. It makes BTMX look like a stable pair for exchange.

From these cards, BitMax will be getting some revenue right? People will be using those cards and I am assuming some fees will be taken from users ?

Every product launched by a centralised exchange is basically for profit motive. Bitmax would be selling the volatility cards at a discounted price and winners would redeem the cards at the notional value while loosers cards get expired. Expired cards are revenue for the exchange while winning cards are expenses.

Mrcharles

copper member

Activity: 336

Merit: 5

Quote from: Nathan01 on June 05, 2019, 12:43:06 PM

Quote from: Lizcrypto on June 05, 2019, 05:31:51 AM

If i use btmx to purchase then i will get btmx as reward and If i use usdt to purchase i will get usdt as reward is it so??

Yes it is the case here. I think the best choice right now is the BTMX token since USDT is fixed value. BTMX have the potential to grow in the future.

Btmx has the potential to grow and also the potential to reduce in value, most persons engaging in predictions don't keep their reward for long term hold, they take profit and reinvest hoping to get more reward. Am of the opinion that usdt is the best cryptocurrency to use for the volatility card.

Getadaaa

jr. member

Activity: 448

Merit: 3

Quote from: Kinkadeinspired on June 06, 2019, 07:21:05 AM

Quote from: Nathan01 on June 05, 2019, 12:43:06 PM

Quote from: Lizcrypto on June 05, 2019, 05:31:51 AM

If i use btmx to purchase then i will get btmx as reward and If i use usdt to purchase i will get usdt as reward is it so??

Yes it is the case here. I think the best choice right now is the BTMX token since USDT is fixed value. BTMX have the potential to grow in the future.

Wow, I never really knew about this. I thought you can purchase with any currency but get rewarded with any token or coin of their choice. In any case, it would be better for an AMA to be held as that will enlighten people even more.

George held an AMA in BitMax telegram group about the new BitMax volatility products. I guess you missed out. You can read all about it here: https://btmx.com/#/vol and head to BitMax telegram group chat if you have any questions how it works. Btw if you trade margin on BitMax, you can help complete this survey from BitMax; https://jinshuju.net/f/AdUoQL

Kinkadeinspired

copper member

Activity: 644

Merit: 1

Quote from: Nathan01 on June 05, 2019, 12:43:06 PM

Quote from: Lizcrypto on June 05, 2019, 05:31:51 AM

If i use btmx to purchase then i will get btmx as reward and If i use usdt to purchase i will get usdt as reward is it so??

Yes it is the case here. I think the best choice right now is the BTMX token since USDT is fixed value. BTMX have the potential to grow in the future.

Wow, I never really knew about this. I thought you can purchase with any currency but get rewarded with any token or coin of their choice. In any case, it would be better for an AMA to be held as that will enlighten people even more.

faulerwilli

full member

Activity: 994

Merit: 140

Quote from: ning_aric on June 06, 2019, 07:07:57 AM

Quote from: faulerwilli on June 06, 2019, 04:05:53 AM

Quote from: faulerwilli on June 06, 2019, 04:05:53 AM

snip

Btmx price seems to be stuck at 89cents. I think that’s because of the BitMax private sale tokens BTMXP. It makes BTMX look like a stable pair for exchange.

BTMXP is the next case, what's it for? I'm slowly losing the overview. Unfortunately I don't have enough time at the moment to read in exactly what sense does the BTMXP have? I would prefer the BTMX to remain alone and the price goes through the roof:-)

BTMX did well as the only token of BitMax few months back. It had a ATH of about $0.2 or more. It’s at a low now and I would have suggested you buy more bc you’ll may never see it this low, but charts never lie and also never tell you everything, sometimes you get rekt other times you lambo. One of the reasons it pays to buy a volatility card.

I mostly use my USDT which I get as Data Usage Reward to buy more BTMX. I still hope that Bitmax will be as strong as Binance in a year or two.
As far as BTMXP is concerned, I am still not sure what they are needed for.

ning_aric

full member

Activity: 826

Merit: 102