Pages:
Author

Topic: [ANN] mcxNOW.com : Deposit. Earn Interest. Trade. - page 23. (Read 40849 times)

full member
Activity: 126
Merit: 100
If you look at last 24hr volume on coin trades is about 700 btc. There is another approx 800 in the fee shares but I don't know if fees are charged on this.  Either way there would need to be a lot of growth to justify price.

Still not even close to justifying the price. The volume is abnormally large due to the fee share IPO trading but I'll be extremely generous and say the site averages 2k btc/day in volume (it doesn't).

2000 BTC * 0.004 (fees) / 100k shares = 0.00008 BTC/day per share.

At the current price of ~0.5 you're looking at 17+ years to make back that money. If you're super optimistic and think the sites volume is going up 1000% in the next year or two you'd still be in in the neighborhood of 2 years. Right now the only value these shares have is the money they're returning, there's absolutely no way of knowing what the price will be whenever you try and sell them months/years down the road. Don't buy a two-day old share in a smaller exchange in an extremely volatile market as an investment thinking the fee returns are just a "bonus". I bought in they day came out and sold shortly after for a small profit because I felt it was a huge bubble at 0.3.

Edit: Don't take this to mean that I don't like the site because I do enjoy it. The layout is nice, the shares are a cool idea, and earning interest is great. The shares were reasonable around 0.1 for the IPO if you believed in the growth of the site, but at this price you'd need 10x+ the current volume to justify it.
hero member
Activity: 518
Merit: 500
If you look at last 24hr volume on coin trades is about 700 btc. There is another approx 800 in the fee shares but I don't know if fees are charged on this.  Either way there would need to be a lot of growth to justify price.
STT
legendary
Activity: 4088
Merit: 1452
The revenue shares now value mcxnow to 60000 BTC, bubbles are fun!
60k btc is alot of money, how many shares are there again

100k shares would make company market cap of 48k btc or $6.67m

Quote
How are you trying to find the current market value of these shares. I have a feeling they are absurdly over priced.
Alot of shares are over valued nearterm.  The estimate of growth is what makes them appear expensive.  So I dont know if thats justified.

Lets say this is the annual turnover
Quote
So from my calculations it will take 2.5million BTC in trade value to return 0.1 btc.

2.5 million x 0.004 in trade fees = 10000 btc x 0.00001 per share = 0.1 btc.

Thats 6849 BTC processed a day or equal trade in other coins.    It would value the company about 4.8 PE which is quite reasonable so can they realise that amount of trade.
Also there is the issue of costs, all shares are equal but it would be unusual for an owner of the majority to just cover out of pocket

Quote
mcxNOW has begun redistributing 25% of all profits directly to its users
So this is a cost.  Its then 7500 BTC between owners and its still ignoring other company costs. So thats 6.4 PE projected and if the above figure was right its about double that now 13 PE isnt a bubble quite yet

Code:
528 people online

8839 accounts

  +24hr

513 people online

9023 accounts
hero member
Activity: 622
Merit: 500
www.cryptobetfair.com
No other exchange pays interest.
No one (that i know of) has ever lost a coin from exchange failure.
Why use any other exchange?

Maybe because we don't actually know who realsolid is? Look at their contact page, compare it with any other big exchanges. I will believe in mcxnow when there will be some public company founded behind it.

kind of like the biggest alt exchange btc-e, whats his name again?
full member
Activity: 224
Merit: 100
The revenue shares now value mcxnow to 60000 BTC, bubbles are fun!
sr. member
Activity: 364
Merit: 250


       FTCdriller  doesn't usually like things without ftc in it.  MCXNOW is LEGIT!  i got my first interest payment on my LITECOIN balance today!  


              GOOD BYE BTCE YOU HUNK OF JUNK.

Thought I'd try this out for fun.

No joke: At this particular moment, I'm already seeing a ~50% return in less then a day due to interest & share price growth from my 5BTC deposit (with 13 shares bought). I have no idea how long you can keep that up with those fees as an exchange but that's phenomenal.

Caveat emptor and all that but it's an interesting experiment for me as I've never owned most of the alt. cryptocurrencies there.
BTW, I'm not anyone's sock puppet.  Grin I rarely come to this sub-forum but I'm a regular at the Custom Hardware & Group Buys forums - where I offer Group Buy Escrow Coordination services and vetted Miner Host services at 2.5% for 28nm chips - and yesterday was the first time I had ever heard of mcxNOW.
full member
Activity: 134
Merit: 100
Despite the usual FUD, site is as advertised.  As usual, trade responsibly.
newbie
Activity: 58
Merit: 0
legendary
Activity: 1064
Merit: 1000
Bitcoin is too valuable to be used as a currency
great site, Smiley
newbie
Activity: 7
Merit: 0
No other exchange pays interest.
No one (that i know of) has ever lost a coin from exchange failure.
Why use any other exchange?

Maybe because we don't actually know who realsolid is? Look at their contact page, compare it with any other big exchanges. I will believe in mcxnow when there will be some public company founded behind it.
sr. member
Activity: 392
Merit: 250
Quote
How do you know total LTC deposited?

I have my source ---> math .  You only need some calcul to get the total coin deposited.
It's now 65 000 k LTC deposited.
and 350BTC volume / 24 hours

And RealSanta confirmed my results too.
sr. member
Activity: 356
Merit: 250
Quote from: annette786


Are my numbers correct?

On a good day, this site trades 200 BTC in a day mostly in Primecoin:

200 x $130 x .004 (trade fees) = $104 per day


All the point of the mcxFEE and interest on deposit is to bring more customers. And it work
Today the site traded more than 700BTC.
Because of the mcxFEE but because of the LTC market too.

Before the update, the LTC market was basically dead with like 10BTC volume/day and 12k LTC deposited.
After only 24 hours, the LTC have 200+ BTC volume and there is almost 50k LTC deposited already.
How do you know total LTC deposited?

How are you trying to find the current market value of these shares. I have a feeling they are absurdly over priced.
member
Activity: 94
Merit: 10
Operator of mcxNOW | Programmer of MicroCash
Yeah mcxNOW has rocketed up to becoming the #2 litecoin exchange now, hopefully it can take the #1 spot soon once people realize the benefits over other exchanges.
http://www.cryptocoincharts.info/#jump-ltc-btc

A few updates and fixes coming tomorrow.

1) Clicking nick in chat focuses the text box
2) Added price to account logs
3) Now show confirmations on the incoming transactions
4) Added white border around QRcode to help scanning google auth

Also in regards to new coins I am looking at adding the most popular ones, so most of what BTC-e carry will most likely be added once I have checked the c++ source code of these nodes in question.

Thanks!
sr. member
Activity: 392
Merit: 250
Right now trading the shares is more profitable than the interest from them. The swings are quite big.

The price peaked at 0.5BTC  ! Now it's 0.38, and rising again.
legendary
Activity: 980
Merit: 1000
Need a campaign manager? PM me
Right now trading the shares is more profitable than the interest from them. The swings are quite big.
sr. member
Activity: 392
Merit: 250
I see a lot of people talk about "ROI" in chat and forum. But it's not the point.
People seems to forgot they can sell their share whenever they want and make a nice profit ; Dividends + sell price.

Right now the price is growing so it's a very good investment. Nobody know what the real value  because the site is growing fast since the update and when it will slow down is unknow.

Realsolid said he will add almost every coin traded at BTC-e, with PPC in first, and each coin will bring his own volume and his own fee.
If you consider it a long-term investment, it's really cheap right now IMO.
legendary
Activity: 1218
Merit: 1003
So from my calculations it will take 2.5million BTC in trade value to return 0.1 btc.

2.5 million x 0.004 in trade fees = 10000 btc x 0.00001 per share = 0.1 btc.



They pay every 6 hours, even with minimal returns the % "interest" is pretty good. 
It'll never be anywhere near 0,1 btc though.
full member
Activity: 244
Merit: 101


HUGE WIN  Grin

+1    I keep seeing all the new accounts!  Seems people are finally opening there lazy eyes!!!    Grin Grin Grin
legendary
Activity: 1073
Merit: 1000


HUGE WIN  Grin
legendary
Activity: 1064
Merit: 1000
I am very impressed with your site. This makes so much more sense than fractional systems like coinlenders, etc.  Grin
Pages:
Jump to: