[ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 318.

sdersdf2

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Quote from: ?? on ??

Developers were very smart to price the IPO so high that it eliminates any potential short term pumping and dumping. Likely this won't occur and you need to hold the coin long term. This IPO is not for people that wants to make a quick buck and this should be posted in the OP.

If that's part of the intention, that should indeed be stated - it helps explain some things.

realestmofo

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Activity: 168

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If you aren't comfortable ........

Quote from: sdersdf2 on July 21, 2014, 07:08:15 AM

Quote from: loveyouforever on July 21, 2014, 04:09:16 AM

I prefer to mine this coin instead of buying in pre-sale, it's too expensive!!!
There are 2 billion coins, IPO price is 465 sats and 518 sats, let's say 490 in average, the market cap will be 2 billion * 490 sats = 9800 BTC, it's too big for a new coin!
If you set a lower fixed price in IPO phase, you can raise more BTCs in pre-sale, it's good for investor,miners and you DEV team, really don't know how the high price is finalized!!

These numbers also give me pause. They exceed Vericoin's and XC's market caps and approach those of Blackcoin, Counterparty, Mastercoin and Monero's. It isn't to say that these marketcap levels aren't achievable by Syscoin, but the question for investors is what kind of room does that leave for growth and a return on our investment? Doesn't seem to leave much, unless I'm missing something.

Basically, with devs arranging to get so much BTC up front - a lot of the potential return is shifted to devs and more of the potential risk to investors. Would appreciate it if devs could address this concern on pricing.

Over next 17 months 315,187,200 coins will be mined. At 518 sat that is 1632 bitcoins. If presale buyers HOLD 17 months and the price stayed at 518 sat over the next 17 months then the market cap on what was mined will be $1,028,160

Factor in the presale numbers and devs coins then after 17 months we got around a $3,000,000 market cap at 518 sat.

In 17 months a $3,000,000 market cap will be small. In 17 months syscoin will either make you broke (bad investment) or rich (good investment).

fastminer

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Quote from: sdersdf2 on July 21, 2014, 07:14:24 AM

Quote from: fastminer on July 21, 2014, 07:09:37 AM

Quote from: sdersdf2 on July 21, 2014, 07:08:15 AM

Quote from: loveyouforever on July 21, 2014, 04:09:16 AM

I prefer to mine this coin instead of buying in pre-sale, it's too expensive!!!
There are 2 billion coins, IPO price is 465 sats and 518 sats, let's say 490 in average, the market cap will be 2 billion * 490 sats = 9800 BTC, it's too big for a new coin!
If you set a lower fixed price in IPO phase, you can raise more BTCs in pre-sale, it's good for investor,miners and you DEV team, really don't know how the high price is finalized!!

These numbers also give me pause. They exceed Vericoin's and XC's market caps and approach those of Blackcoin, Counterparty, Mastercoin and Monero's. It isn't to say that these marketcap levels aren't achievable by Syscoin, but the question for investors is what kind of room does that leave for growth and a return on our investment? Doesn't seem to leave much, unless I'm missing something - would appreciate it if devs could address this concern on pricing.

maybe reduce coins but dev do not reduce price

The higher the IPO price, the lower the potential return (and higher the potential risk) to investors, all things being equal. If reducing the number of coins means increasing the % of outstanding coins (of market cap) that investors ultimately end up getting, that would certainly help make this a better deal for investors.

investors want price lower to make a quick buck. those buying at these prices see a future for the coin. lower price will cause dump. sorry price should stay the same, only short termer's want it lower. as for the return on the coin, with our features the market cap will way higher from where we are. you want a lower price you can wait, but it will only go up. remember features will be launched when ipo closed, so those waiting on sidelines, will just end up buying higher once features are out. no price reduction only coin reduction

sdersdf2

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Activity: 224

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Quote from: fastminer on July 21, 2014, 07:09:37 AM

Quote from: sdersdf2 on July 21, 2014, 07:08:15 AM

Quote from: loveyouforever on July 21, 2014, 04:09:16 AM

I prefer to mine this coin instead of buying in pre-sale, it's too expensive!!!
There are 2 billion coins, IPO price is 465 sats and 518 sats, let's say 490 in average, the market cap will be 2 billion * 490 sats = 9800 BTC, it's too big for a new coin!
If you set a lower fixed price in IPO phase, you can raise more BTCs in pre-sale, it's good for investor,miners and you DEV team, really don't know how the high price is finalized!!

These numbers also give me pause. They exceed Vericoin's and XC's market caps and approach those of Blackcoin, Counterparty, Mastercoin and Monero's. It isn't to say that these marketcap levels aren't achievable by Syscoin, but the question for investors is what kind of room does that leave for growth and a return on our investment? Doesn't seem to leave much, unless I'm missing something - would appreciate it if devs could address this concern on pricing.

maybe reduce coins but dev do not reduce price

The higher the IPO price, the lower the potential return (and higher the potential risk) to investors, all things being equal. If reducing the number of coins means increasing the % of outstanding coins (of market cap) that investors ultimately end up getting, that would certainly help make this a better deal for investors.

fastminer

full member

Activity: 182

Merit: 100

Quote from: sdersdf2 on July 21, 2014, 07:08:15 AM

Quote from: loveyouforever on July 21, 2014, 04:09:16 AM

I prefer to mine this coin instead of buying in pre-sale, it's too expensive!!!
There are 2 billion coins, IPO price is 465 sats and 518 sats, let's say 490 in average, the market cap will be 2 billion * 490 sats = 9800 BTC, it's too big for a new coin!
If you set a lower fixed price in IPO phase, you can raise more BTCs in pre-sale, it's good for investor,miners and you DEV team, really don't know how the high price is finalized!!

These numbers also give me pause. They exceed Vericoin's and XC's market caps and approach those of Blackcoin, Counterparty, Mastercoin and Monero's. It isn't to say that these marketcap levels aren't achievable by Syscoin, but the question for investors is what kind of room does that leave for growth and a return on our investment? Doesn't seem to leave much, unless I'm missing something - would appreciate it if devs could address this concern on pricing.

maybe reduce coins but dev do not reduce price

sdersdf2

full member

Activity: 224

Merit: 100

Quote from: loveyouforever on July 21, 2014, 04:09:16 AM

I prefer to mine this coin instead of buying in pre-sale, it's too expensive!!!
There are 2 billion coins, IPO price is 465 sats and 518 sats, let's say 490 in average, the market cap will be 2 billion * 490 sats = 9800 BTC, it's too big for a new coin!
If you set a lower fixed price in IPO phase, you can raise more BTCs in pre-sale, it's good for investor,miners and you DEV team, really don't know how the high price is finalized!!

These numbers also give me pause. They exceed Vericoin's and XC's market caps and approach those of Blackcoin, Counterparty, Mastercoin and Monero's. It isn't to say that these marketcap levels aren't achievable by Syscoin, but the question for investors is what kind of room does that leave for growth and a return on our investment? Doesn't seem to leave much, unless I'm missing something.

Basically, with devs arranging to get so much BTC up front - a lot of the potential return is shifted to devs and more of the potential risk to investors. Would appreciate it if devs could address this concern on pricing.

sdersdf2

full member

Activity: 224

Merit: 100

Quote from: snipsnoop on July 21, 2014, 03:43:38 AM

Quote from: Dusty11 on July 21, 2014, 03:16:31 AM

Sad to see a nice coin be a little weird in their ipo numbers. It does seem like you'll be able to buy cheaper when it hits an exchange so I dont understand the incentive to invest right now. Change the numbers a bit to be in favour of investors and you'll have a better long term coin.

Sorry but I dont see anything weird. As we have stated lots of times, this is a pre-sale at a fixed price.
As for the future, nobody can tell. (But in case you can, please send me the lotto numbers).

As dano has said we ARE looking at the the mining numbers and these will likely be revises.

Any changes that would sharply reduce the risk and size of miner dumps would make this coin/IPO more attractive.

realestmofo

full member

Activity: 168

Merit: 100

If you aren't comfortable ........

Quote from: kirivas_s on July 21, 2014, 06:30:06 AM

Quote from: ?? on ??

Developers were very smart to price the IPO so high that it eliminates any potential short term pumping and dumping. Likely this won't occur and you need to hold the coin long term. This IPO is not for people that wants to make a quick buck and this should be posted in the OP.

But you can't prevent the miners from dumping

OK lets get some miner dumping numbers going to try and make a little sense of this.

Oh no! The price is now 350 sat!!

Why did you buy into the presale and sell at a loss?? At this price if everything gets dumped it is a whole 5 bitcoins a day.

There would have to be people not wanting to buy higher and people still willing to sell at a loss to stay at 350 sat.

Now lets look at the first 15 days as it currently stands.

At 518 sat over the first 15 days that is 114.45btc worth mined.

At 518 sat over the 45 days after that it is 171.45btc worth mined.

If people don't sell below 518 sat presale price then after 60 days 285.9btc worth of syscoin has been mined. If multiple exchanges can't absorb that because everyone doesn't want to support a working product then so be it. "Everyone" can buy in under presale price but good luck getting 5btc, 10btc, 25btc worth under presale price.

fastminer

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Activity: 182

Merit: 100

Quote from: kirivas_s on July 21, 2014, 06:30:06 AM

Quote from: ?? on ??

Developers were very smart to price the IPO so high that it eliminates any potential short term pumping and dumping. Likely this won't occur and you need to hold the coin long term. This IPO is not for people that wants to make a quick buck and this should be posted in the OP.

But you can't prevent the miners from dumping

and you can't prevent people from buying again only 8btc of dumping a day not all miners dump. seriously if you feel threatened by 8btc hahaha

kirivas_s

newbie

Activity: 42

Merit: 0

Quote from: Johnbtc on July 21, 2014, 06:11:29 AM

good job, I will buy 80 btc for syscoin,

limit is 25 btc per person

kirivas_s

newbie

Activity: 42

Merit: 0

Quote from: ?? on ??

Developers were very smart to price the IPO so high that it eliminates any potential short term pumping and dumping. Likely this won't occur and you need to hold the coin long term. This IPO is not for people that wants to make a quick buck and this should be posted in the OP.

But you can't prevent the miners from dumping

Johnbtc

newbie

Activity: 24

Merit: 0

good job, I will buy 80 btc for syscoin,

leetrump

full member

Activity: 162

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hehe

Participate in too few people,Its not a good phenomenon

snipsnoop

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Activity: 924

Merit: 1000

Quote from: fastminer on July 21, 2014, 05:44:55 AM

Quote from: snipsnoop on July 21, 2014, 05:42:12 AM

Quote from: tigomjir on July 21, 2014, 05:37:07 AM

escrow arrangement with moolah.io is okay. but follow up listing in other exchanges. otherwise it will have the same fate as FIMK/dgex

Already been answered, we cant stop and wont try to stop other exchanges from listing us.

Quote from: danosphere on July 20, 2014, 04:38:32 PM

Quote from: tigomjir on July 20, 2014, 04:24:20 PM

Quote from: jibble on July 20, 2014, 04:15:25 PM

Most likely bittrex or poloniex will add it pretty much as soon as its launched , quite possibly both of them. similar to what happened to via coin, if it required coding into the exchange with unique code like the likes of qora or something then it would take more time but i would bet on it being added to 1 or both immediately on release

and mintpal too..

hey why not mail these exchanges and add the coin on launch to these exchanges?

Exactly, any exchange can add us after launch, we aren't coded into the exchange. We aren't reaching out to other exchanges right now because we're working with Moolah as a real partner. While they are adding us to their various platforms we're also going to work with them to see how we can use the features Syscoin provides coupled with their platform offerings to develop new services for the crypto and mainstream markets. I'm sure other exchanges will add Syscoin eventually as well.

i didn't hear of moolah until syscoin, i prefer it, i think it could be the leader one day. some things need to be tweaked, but it awesome its not only a exchange

We are really excited about the moolah partnership. There will be a lot more details coming out about this later, but for now we are keeping our cards close.

fastminer

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Quote from: snipsnoop on July 21, 2014, 05:42:12 AM

Quote from: tigomjir on July 21, 2014, 05:37:07 AM

escrow arrangement with moolah.io is okay. but follow up listing in other exchanges. otherwise it will have the same fate as FIMK/dgex

Already been answered, we cant stop and wont try to stop other exchanges from listing us.

Quote from: danosphere on July 20, 2014, 04:38:32 PM

Quote from: tigomjir on July 20, 2014, 04:24:20 PM

Quote from: jibble on July 20, 2014, 04:15:25 PM

Most likely bittrex or poloniex will add it pretty much as soon as its launched , quite possibly both of them. similar to what happened to via coin, if it required coding into the exchange with unique code like the likes of qora or something then it would take more time but i would bet on it being added to 1 or both immediately on release

and mintpal too..

hey why not mail these exchanges and add the coin on launch to these exchanges?

Exactly, any exchange can add us after launch, we aren't coded into the exchange. We aren't reaching out to other exchanges right now because we're working with Moolah as a real partner. While they are adding us to their various platforms we're also going to work with them to see how we can use the features Syscoin provides coupled with their platform offerings to develop new services for the crypto and mainstream markets. I'm sure other exchanges will add Syscoin eventually as well.

i didn't hear of moolah until syscoin, i prefer it, i think it could be the leader one day. some things need to be tweaked, but it awesome its not only a exchange

fastminer

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Activity: 182

Merit: 100

Quote from: HjalmarX on July 21, 2014, 05:36:59 AM

Quote from: fastminer on July 21, 2014, 05:35:25 AM

Quote from: HjalmarX on July 21, 2014, 05:30:28 AM

Quote from: snipsnoop on July 21, 2014, 05:24:42 AM

Quote from: GTO911 on July 21, 2014, 05:21:27 AM

Quote from: fastminer on July 21, 2014, 05:17:02 AM

agree, its just some people expecting a dump to happen because the price is too high for 2billion coins, but they are not understanding there will not be 2 billion at launch only how much ipo is bought. they can wait 20 years when 2 billion are mined.

It will take 8 BTC buying everyday to sustain the IPO prices, leave gaining anything. Go check the math, dont be a fanboy

Not everyday, at the current reward schedule its for 15 days only.
As I have said already we are still looking at this and it is subject to change.

Keep it as it is. Investors bought into it with the information currently given. We are the people that made the decision with our BTC already. Why change it if we already accepted the reward schedule as it is and voted with our BTC.

You don't want to upset your investors.

i wouldn't be hurt, if it means a reduction in coins. investors would welcome this. i don't know if its possible cap coins at 1 billion, so total in ipo would be 30% or if you want reduced ipo max coins to 150million. id vote for a reduction in total coins but leave the price and amount of max coins in ipo the same.

I don't think coin reduction will be considered

wouldn't it be a good thing. 1 billion coins max. that would give ipo holders 30% of the coin, less rewards meaning less coins mined a day, more growth, but i will not support the price being lowered. leave the price the same. hell il say phase 2 price should be higher lol, but i understand why its kept at 10% discount. an example as to why phase 2 shouldn't be higher would be limecoin

snipsnoop

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Activity: 924

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Quote from: tigomjir on July 21, 2014, 05:37:07 AM

escrow arrangement with moolah.io is okay. but follow up listing in other exchanges. otherwise it will have the same fate as FIMK/dgex

Already been answered, we cant stop and wont try to stop other exchanges from listing us.

Quote from: danosphere on July 20, 2014, 04:38:32 PM

Quote from: tigomjir on July 20, 2014, 04:24:20 PM

Quote from: jibble on July 20, 2014, 04:15:25 PM

Most likely bittrex or poloniex will add it pretty much as soon as its launched , quite possibly both of them. similar to what happened to via coin, if it required coding into the exchange with unique code like the likes of qora or something then it would take more time but i would bet on it being added to 1 or both immediately on release

and mintpal too..

hey why not mail these exchanges and add the coin on launch to these exchanges?

Exactly, any exchange can add us after launch, we aren't coded into the exchange. We aren't reaching out to other exchanges right now because we're working with Moolah as a real partner. While they are adding us to their various platforms we're also going to work with them to see how we can use the features Syscoin provides coupled with their platform offerings to develop new services for the crypto and mainstream markets. I'm sure other exchanges will add Syscoin eventually as well.

fastminer

full member

Activity: 182

Merit: 100

Quote from: HjalmarX on July 21, 2014, 05:38:24 AM

Quote from: GTO911 on July 21, 2014, 05:34:00 AM

Quote from: fastminer on July 21, 2014, 05:22:50 AM

this could be the best ipo ever

It was the best IPO ever, but they seriously killed it for me and lots of other people.

Two things that could be done -

1. Make the IPO prices dynamic, and let people value this coin - This cannot be done now as they already accepted BTC

2. Make the rewards according to the prices they think they can force on people. Current prices will attract MASS DUMPING

3. Cut coin Total Supply

Correct. It was the best before the pre sale started. I only used 10% of my allocated BTC for this IPO. Not happy at all. I was planning for 100%

i went all in, i misunderstood the launch date, otherwise i would not ask for a refund as i need the btc. i thought launch date was in days not week. if i got it back, i will buy back in when i have more funds. i would pay the phase 2 price. name me another coin that has been launched like this recently. too excited,

HjalmarX

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Quote from: GTO911 on July 21, 2014, 05:34:00 AM

Quote from: fastminer on July 21, 2014, 05:22:50 AM

this could be the best ipo ever

It was the best IPO ever, but they seriously killed it for me and lots of other people.

Two things that could be done -

1. Make the IPO prices dynamic, and let people value this coin - This cannot be done now as they already accepted BTC

2. Make the rewards according to the prices they think they can force on people. Current prices will attract MASS DUMPING

3. Cut coin Total Supply

Correct. It was the best before the pre sale started. I only used 10% of my allocated BTC for this IPO. Not happy at all. I was planning for 100%

fastminer

full member

Activity: 182

Merit: 100

Quote from: GTO911 on July 21, 2014, 05:34:00 AM

Quote from: fastminer on July 21, 2014, 05:22:50 AM

this could be the best ipo ever

It was the best IPO ever, but they seriously killed it for me and lots of other people.

Two things that could be done -

1. Make the IPO prices dynamic, and let people value this coin - This cannot be done now as they already accepted BTC

2. Make the rewards according to the prices they think they can force on people. Current prices will attract MASS DUMPING

i don't care what dev does, i do not want him changing the price at all

1. it will keep short terms away who will dump for quick profits
2. many buying now at this price believe the coin will do good. i rather see less profits than a massive dump
3. those wanting to get in lower only want in lower to make a quick buck. see the bigger picture.

if dev reduces the price il be pissed, even though il get more coins if they did, im not interested in that, the price keeps short termers looking for quick buck away

Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 318. (Read 490241 times)