PSA
Check out Circle.com when you have a chance. I have not been using Coinbase ever since I found out about Circle...
Topic: [ANN][BRK] Breakout Coin | Sale June 13 2016 | Multicurrencies | Smart Contracts - page 88. (Read 243361 times)
October 18, 2014, 10:52:30 AM
October 18, 2014, 09:13:42 AM
Preview a DEMO of our digital hub and games. When launched, players will have access to the exchange, Poker, Fantasy Sports, Crypto Fantasy etc.. with one universal ID.
http://fundraiser.breakoutgaming.com/breakout-gaming-preview/
http://fundraiser.breakoutgaming.com/gaming-platform/
http://fundraiser.breakoutgaming.com/breakout-gaming-preview/
http://fundraiser.breakoutgaming.com/gaming-platform/
Don't know who is coding the website, but get great talent !
Thanks very much!
We are very proud to have these guys onboard
Bonnerbellew.com
sodaandlime.com
jollyscience.com
October 18, 2014, 08:17:09 AM
Preview a DEMO of our digital hub and games. When launched, players will have access to the exchange, Poker, Fantasy Sports, Crypto Fantasy etc.. with one universal ID.
http://fundraiser.breakoutgaming.com/breakout-gaming-preview/
http://fundraiser.breakoutgaming.com/gaming-platform/
http://fundraiser.breakoutgaming.com/breakout-gaming-preview/
http://fundraiser.breakoutgaming.com/gaming-platform/
Don't know who is coding the website, but get great talent !
October 18, 2014, 07:21:14 AM
Its really easy to understand !!! Can we know the fuckin price before investing money ?lolllllll
do you expect us to give you a price for the 4.5 million coins? If so, we would be setting our own market-cap. Companies NEVER choose their own valuations, markets do.
or do you just want a price, with an uncapped number of coins? If so, I understand why this would would make you feel better.. but its exactly the same. either price or quantity can be fixed , not both. if you want both, i would suggest you wait to buy in the secondary market.
But you guys are just skipping the B, C, and IPO rounds and going straight to the post IPO round all without giving investors a chance to even see what the price stabilizes at so investors are going in completely blind. How much actual money has been spent to date on launching Breakout Gaming? What is the current company valuation? We need to know these things.
You need to leave room for this round of investors to profit just like yourselves. You need to set the price and set it low (cap the ICO or double the coins we get by eliminating the 7 million in BRO giveaways) where you're pretty positive it will grow with the games up and running. This should be the B round, not the post IPO round.
As it currently stands, you are asking for people to blindly send money without knowing whether they paid 100 SATS per BRO or 1,000,000 SATS per BRO. And that's just kinda wrong......and greedy too.
+1
U also run the risk of having no buyers left when the market opens just coins beeing given away.
Im tryin to explain that to devs since 2 days but they dont seem able to understand our point of view. In real life, if you want investors, you NEED to make a real valuation of you compagny/project and ask amount of money that justify a part of the project. Here, they want maximum of btc without saying how much they really need and dont care if investors get craiged or not.
October 18, 2014, 07:06:47 AM
Its really easy to understand !!! Can we know the fuckin price before investing money ?lolllllll
do you expect us to give you a price for the 4.5 million coins? If so, we would be setting our own market-cap. Companies NEVER choose their own valuations, markets do.
or do you just want a price, with an uncapped number of coins? If so, I understand why this would would make you feel better.. but its exactly the same. either price or quantity can be fixed , not both. if you want both, i would suggest you wait to buy in the secondary market.
But you guys are just skipping the B, C, and IPO rounds and going straight to the post IPO round all without giving investors a chance to even see what the price stabilizes at so investors are going in completely blind. How much actual money has been spent to date on launching Breakout Gaming? What is the current company valuation? We need to know these things.
You need to leave room for this round of investors to profit just like yourselves. You need to set the price and set it low (cap the ICO or double the coins we get by eliminating the 7 million in BRO giveaways) where you're pretty positive it will grow with the games up and running. This should be the B round, not the post IPO round.
As it currently stands, you are asking for people to blindly send money without knowing whether they paid 100 SATS per BRO or 1,000,000 SATS per BRO. And that's just kinda wrong......and greedy too.
+1
U also run the risk of having no buyers left when the market opens just coins beeing given away.
October 18, 2014, 03:50:10 AM
Its really easy to understand !!! Can we know the fuckin price before investing money ?lolllllll
do you expect us to give you a price for the 4.5 million coins? If so, we would be setting our own market-cap. Companies NEVER choose their own valuations, markets do.
or do you just want a price, with an uncapped number of coins? If so, I understand why this would would make you feel better.. but its exactly the same. either price or quantity can be fixed , not both. if you want both, i would suggest you wait to buy in the secondary market.
But you guys are just skipping the B, C, and IPO rounds and going straight to the post IPO round all without giving investors a chance to even see what the price stabilizes at so investors are going in completely blind. How much actual money has been spent to date on launching Breakout Gaming? What is the current company valuation? We need to know these things.
You need to leave room for this round of investors to profit just like yourselves. You need to set the price and set it low (cap the ICO or double the coins we get by eliminating the 7 million in BRO giveaways) where you're pretty positive it will grow with the games up and running. This should be the B round, not the post IPO round.
As it currently stands, you are asking for people to blindly send money without knowing whether they paid 100 SATS per BRO or 1,000,000 SATS per BRO. And that's just kinda wrong......and greedy too.
October 17, 2014, 11:05:27 PM
Regarding the unlimited ICO - if you'd like to invest 1 BTC, but don't know what to do because it's unlimited. Hedge your bets and use 0.5 BTC in the ICO, and 0.5 BTC to buy from the exchanges after the ICO. Problem solved?
Great suggestion!
not
in general, uncapped ico does NOT imply a lower price in the secondary market. if it did, then none should invest in the ico and everyone should wait for the secondary market.
in our case its a bit different because in-fact ico coins are more valuable then secondary market coins due to to expected-value of the bergstake. so in our case, the price of the ico coins will be higher then the expected price of the secondary market coins. However, the expected-value of the ico coins is higher then the expected-value of secondary market coins.
expected-price(ico coins) = expected-price(secondary market coins) + [ ev(future bergstake coins) discounted for time]
edit:
piece of personal advise i once heard: "one should not invest because of expected returns. one should only invest with risk capital if and only if this risk capital had been put aside "BEFORE", the opportunity presented itself".
this is not early days of bitcoin, this is a serious project with real long term commitments and implications. expect coin to be priced at value. the days of ordering pizza with 10,000 bitcoin are just biblical stories from yesteryears.
Markets aren't perfect, they can't see the future, so they can't estimate the valuation of ICO and non-ICO coins perfectly. They could over-value ICO, or over-value the coins that miners are selling. You can't know which way it'll go, so investing 50/50 will be less risky and generally better for an individual investor. And even if the markets would value ICO and non-ICO perfectly, it would be exactly the same EV for someone whatever he does, DUCY?
Obviously it won't be better for you, but everyone should do what's best for them. October 17, 2014, 10:16:43 PM
Good luck with the launch of BRO. I'm guessing it'll do well. When does mining begin?
ICO will end on November 18th and mining should start soon after.
October 17, 2014, 08:23:16 PM
You start dumping. And continue dumping. And continue dumping, as the price dives. You dump until it goes to 500, not just because you dump but because people panic sell. At 500, you start buying. And price goes back up. Rinse and repeat.
what is your average selling price on the way down and what is your average buying price on the way back up? this is the only thing that determines alpha in this simple strategy. take a look at bottoms or lows at any free market. what do you notice?
notice the volume spikes at the lows? this brings the vwap down on the way down and up on the way up. prices move towards liquidity, not away from it. prices bottom when selling stops, the buyers at lows are not overwhelming, yet the snap back is so violent, simply due of lack of sellers. there is where liquidity in reality kills the backtested alpha.
this strategy has no alpha for the big player, maybe there are weak hands that capitulate at tops and bottoms, and this strategy works for a mid size player, by making an aggressive sell to start an avalanche of stops. the big player has better alpha providing heavy liquidly on both sides, and given that the gaming company wants to retain its players, and players don't like to be exposed to extreme volatility, i would say the alpha is in providing liquidity, rather then starting a panic.
Jay, I know you are fully aware of the term "capitulation". You can provoke that daily or even more frequently if you want to. That's where the scoop comes. And you can also control the rebound. You can control it both ways and determine tops and bottoms.
As for the price being stable, I don't know if that's even desirable or attractive to cryptonites... where are they going to make money to justify their investment if the price remains stable?
Barabbas. Our mission is to promote the gaming platforms once the coins are released. We expect to see a slow continual increase in the price of the coin as the gaming site gains more traction and adds more participants to the whole project thus requiring more coins to supply more players. Manipulating the coin value for short term gain would be counterintuitive to producing long term profits on our multiple gaming platforms. You can see the project has been thought out well. In the long run the combined gaming incomes will far exceed income made on the coins. As we become more successful we will add more applications for others to participate. ie sports book, backgammon,bingo. This will in turn increase the demand on the coin once again driving the coin price up. I believe Bergstake or not the ICO will be the lowest price you will ever see for BRO coin. Please analyze my prediction and respond.
October 17, 2014, 05:54:06 PM
Its really easy to understand !!! Can we know the fuckin price before investing money ?lolllllll
do you expect us to give you a price for the 4.5 million coins? If so, we would be setting our own market-cap. Companies NEVER choose their own valuations, markets do.
or do you just want a price, with an uncapped number of coins? If so, I understand why this would would make you feel better.. but its exactly the same. either price or quantity can be fixed , not both. if you want both, i would suggest you wait to buy in the secondary market.
As serious devs, YES you should be able to give us approx what amount of money you need to build the project you want to do. Its not an open buffet here. You are talking like if you set a price, you will automatically choose market cap for ever. The market cap will be decided by the free market when trade will be opened. If you dont know how to give early investors a chance to have positive investment, just copy/paste Bitswift and you will look like a genious
yes an approx amount of money is indeed needed, this is not the same as having an actual price in the ico.
im not sure.. can op answer this? i would guess around 8000btc maybe, will the official op give a number?
October 17, 2014, 05:50:39 PM
Its really easy to understand !!! Can we know the fuckin price before investing money ?lolllllll
do you expect us to give you a price for the 4.5 million coins? If so, we would be setting our own market-cap. Companies NEVER choose their own valuations, markets do.
or do you just want a price, with an uncapped number of coins? If so, I understand why this would would make you feel better.. but its exactly the same. either price or quantity can be fixed , not both. if you want both, i would suggest you wait to buy in the secondary market.
As serious devs, YES you should be able to give us approx what amount of money you need to build the project you want to do. Its not an open buffet here. You are talking like if you set a price, you will automatically choose market cap for ever. The market cap will be decided by the free market when trade will be opened. If you dont know how to give early investors a chance to have positive investment, just copy/paste Bitswift and you will look like a genious
October 17, 2014, 05:39:52 PM
Preview a DEMO of our digital hub and games. When launched, players will have access to the exchange, Poker, Fantasy Sports, Crypto Fantasy etc.. with one universal ID.
http://fundraiser.breakoutgaming.com/breakout-gaming-preview/
http://fundraiser.breakoutgaming.com/gaming-platform/
http://fundraiser.breakoutgaming.com/breakout-gaming-preview/
http://fundraiser.breakoutgaming.com/gaming-platform/
October 17, 2014, 05:29:06 PM
Regarding the unlimited ICO - if you'd like to invest 1 BTC, but don't know what to do because it's unlimited. Hedge your bets and use 0.5 BTC in the ICO, and 0.5 BTC to buy from the exchanges after the ICO. Problem solved?
Great suggestion!
not
in general, uncapped ico does NOT imply a lower price in the secondary market. if it did, then none should invest in the ico and everyone should wait for the secondary market.
in our case its a bit different because in-fact ico coins are more valuable then secondary market coins due to to expected-value of the bergstake. so in our case, the price of the ico coins will be higher then the expected price of the secondary market coins. However, the expected-value of the ico coins is higher then the expected-value of secondary market coins.
expected-price(ico coins) = expected-price(secondary market coins) + [ ev(future bergstake coins) discounted for time]
edit:
piece of personal advise i once heard: "one should not invest because of expected returns. one should only invest with risk capital if and only if this risk capital had been put aside "BEFORE", the opportunity presented itself".
this is not early days of bitcoin, this is a serious project with real long term commitments and implications. expect coin to be priced at value. the days of ordering pizza with 10,000 bitcoin are just biblical stories from yesteryears.
October 17, 2014, 05:28:20 PM
Its really easy to understand !!! Can we know the fuckin price before investing money ?lolllllll
do you expect us to give you a price for the 4.5 million coins? If so, we would be setting our own market-cap. Companies NEVER choose their own valuations, markets do.
or do you just want a price, with an uncapped number of coins? If so, I understand why this would would make you feel better.. but its exactly the same. either price or quantity can be fixed , not both. if you want both, i would suggest you wait to buy in the secondary market.
October 17, 2014, 05:27:48 PM
Regarding the unlimited ICO - if you'd like to invest 1 BTC, but don't know what to do because it's unlimited. Hedge your bets and use 0.5 BTC in the ICO, and 0.5 BTC to buy from the exchanges after the ICO. Problem solved?
Great suggestion!
October 17, 2014, 04:28:14 PM
If anyone has any questions for our poker pros please let me know. I will forward to our poker agents promptly
How do you play Axs preflop?
What position are you in?
What was the action before you?
Rule #1, always look left. Who's to your left and what reads do you have?
Tight or loose table?
Short handed game or full ring? How many players at the table?
Stack sizes?
Cash game or Tourney?
What's your image at the table?
Ace rag or what?
Answer those and then we can almost get started with the decision process. Another X amount of questions to consider based on those answers.
If you didn't even consider this right out of the gate then you're just a home game fish.
Ok sorry I wasn't specific.
I'm the SB, and everyone has folded to me. BB is a huge fish who will call any amount with any two preflop, and fold to any small bet on the flop unless he hits a set or better. Stacks are 100bb, and it's a cash game. My image is very tight, I've only been seen betting when I have a monster, and never got caught bluffing.
If villain is a huge fish I want to play as many hands as possible with him, even if I'm OOP. I would prefer if he was directly to my right, so I will immediately jump on the seat to his left (The Jesus Seat) if it opens up, without making it obvious of course. But, the table has already let me isolate him even if it's OOP, so yes they are probably ultra tight. OOP, who cares, he's a fish and folds too often to cointinuation
bets. The dude to my right is probably also a fish if he didn't try to isolate the main fish while he was on the button. Since villain is a huge fish, he probably didn't notice or care that you play very tight anyway. Open 3x, maybe 4x because he folds so often to Cbets. Cbet something on the smallish side. He only calls Cbets when he has a big hand so a big Cbet will only hurt you.
If someone plays that loose before the flop and that tight on the flop, I would raise preflop as much as he will call and always C-bet. With any hand. At least until he adjusts.. if he adjusts.
This is a dream opponent.
However, most players that are super loose and passive preflop continue this trend post flop.
At least that's my 2 BROS worth.
October 17, 2014, 04:05:30 PM
Make an ICO reasonable or don't do it at all.
please explain what a capped ICO is? Are we supposed to be deciding the price and the quantity? If so we would be deciding the initial market-cap of the coin? Isn't that for the market to decide?
If we set price to high, there will be no buyers, if we set price to low, it will be sold in in minutes, and the distribution will be centralized.
Quote
Uncapped ICO's will leave them with a loss which is a bad thing for crypto in general. Looks like greedy devs screwing people over.
If this is known, shouldn't the market adjust itself for this? If uncapped produces losses, then there should be less buying interest, which would eventually produce profits, and this should go back and forth until the market finds value. 
We all know devs dont want to cap ICO because they are greedy and want max of btc. Real big business dont need unlimited ICO to start and make money. Listen to Dragons Den if you want to validate... In real life, People work hard and compagnies gain value, thats the way it should work here too. ICO is just suppose to help you at beginning, not pay you for your entire life... Btw, by cap ICO, you give the chance to early investors to get in fast in the project and free market will decide of the market cap after. Its really easy to understand !!! Can we know the fuckin price before investing money ?lolllllll
October 17, 2014, 02:47:18 PM
If anyone has any questions for our poker pros please let me know. I will forward to our poker agents promptly
How do you play Axs preflop?
What position are you in?
What was the action before you?
Rule #1, always look left. Who's to your left and what reads do you have?
Tight or loose table?
Short handed game or full ring? How many players at the table?
Stack sizes?
Cash game or Tourney?
What's your image at the table?
Ace rag or what?
Answer those and then we can almost get started with the decision process. Another X amount of questions to consider based on those answers.
If you didn't even consider this right out of the gate then you're just a home game fish.
Ok sorry I wasn't specific.
I'm the SB, and everyone has folded to me. BB is a huge fish who will call any amount with any two preflop, and fold to any small bet on the flop unless he hits a set or better. Stacks are 100bb, and it's a cash game. My image is very tight, I've only been seen betting when I have a monster, and never got caught bluffing.
If villain is a huge fish I want to play as many hands as possible with him, even if I'm OOP. I would prefer if he was directly to my right, so I will immediately jump on the seat to his left (The Jesus Seat) if it opens up, without making it obvious of course. But, the table has already let me isolate him even if it's OOP, so yes they are probably ultra tight. OOP, who cares, he's a fish and folds too often to cointinuation
bets. The dude to my right is probably also a fish if he didn't try to isolate the main fish while he was on the button. Since villain is a huge fish, he probably didn't notice or care that you play very tight anyway. Open 3x, maybe 4x because he folds so often to Cbets. Cbet something on the smallish side. He only calls Cbets when he has a big hand so a big Cbet will only hurt you.
October 17, 2014, 02:32:11 PM
If anyone has any questions for our poker pros please let me know. I will forward to our poker agents promptly
How do you play Axs preflop?
What position are you in?
What was the action before you?
Rule #1, always look left. Who's to your left and what reads do you have?
Tight or loose table?
Short handed game or full ring? How many players at the table?
Stack sizes?
Cash game or Tourney?
What's your image at the table?
Ace rag or what?
Answer those and then we can almost get started with the decision process. Another X amount of questions to consider based on those answers.
If you didn't even consider this right out of the gate then you're just a home game fish.
Ok sorry I wasn't specific.
I'm the SB, and everyone has folded to me. BB is a huge fish who will call any amount with any two preflop, and fold to any small bet on the flop unless he hits a set or better. Stacks are 100bb, and it's a cash game. My image is very tight, I've only been seen betting when I have a monster, and never got caught bluffing.
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