[ANN][BRK] Breakout Coin | Sale June 13 2016 | Multicurrencies | Smart Contracts - page 89.

illodin

hero member

Activity: 966

Merit: 1003

Quote from: duckfever on October 15, 2014, 07:03:00 AM

imo there's too much going on with the poker table designs, I say this as a long term grinder myself. will there be a simplified table option ?

Yes, if you want a lot of action, you should please multi-tablers as well.

Easy to customize graphics (or give enough simple themes to choose from), easy to script UI (so people can make AHK scripts to help betting/folding/raising etc) or make it built in to be able to define customized hotkeys with customized actions for any given situation. Please consult some of the multi-tablers and those who make the betting scripts/tools for currently existing sites.

And an option to display bb amounts instead of absolute BRO values is important.. so if you multi-table different stakes you can just 3bet to 9bb for example without doing extra calculations.

And most importantly, make the rake low enough. Like, very low. Dealing with crypto should minimize the losses poker sites usually get from charge backs etc.

illodin

hero member

Activity: 966

Merit: 1003

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?

ofortuna

sr. member

Activity: 252

Merit: 250

Quote from: jibble on October 17, 2014, 12:57:12 PM

Quote from: BreakoutGaming on October 17, 2014, 12:31:51 PM

Quote from: jibble on October 17, 2014, 10:17:47 AM

Quote from: michaelb87 on October 17, 2014, 03:08:21 AM

+10000.

Without a cap there is no way I'm investing. Guaranteed loss if you do invest, especially with POW dumpers. Cap should be MAX 400 BTC, everything above that will guarantee a loss.

Look at SysCoin. They raised about 460 BTC and had a wat better businessplan but still people lost on it. More than 400 BTC makes sure all demand is sucked dry into the ICO and nobody willing to buy after the ICO.

I'm so tired of these greedy devs. Just be happy with 400 BTC, that's a huge amount! Take some pride in your work. Everybody here wants to hit the jackpot first and work after. That's not real life

Eveerything you said here is verifiable bullshit, there have been numerous IPO's that have a fraction of the plans/feature and developments that have raised 900btc+ and investors have profited

Sys coin raised about 1500 btc and then on release it fucked up causing massive panic and people dumping at a loss.

I am so tired of people who can't even write truthful details , either you are trying to manipulate the facts to try and make them set a really low cap on investment or you really are a stupid fucker that just guesses shit without even researching, or just remembering what actually happened previously, it wasn't even that long ago, you could of just looked up what you were talking about instead of talking 100% bullsht

Fyi, Breakout has already invested significant capital into this project. This is not a conceptual project or investment. We have put a lot of sweat and capital to get the project to where we are now. Breakout will launch and follow our business plan to success.

The entire Breakout Team is all in. We truly believe in the the future of Cryptocurrencies and Gaming. The Breakout Team is dedicated to make this project a tremendous success and the investors should see growth if we execute properly. The investors in our crowd sale will also be receiving Bergstake and the right to mine all future coins. Bergstake is potentially a bigger reward than the coins. This is the first time I can think of, where a crowd sale provided as much leverage and incentive to buyin as Bergstake.

I agree with what you are saying.

I am going to be buying into the IPO on release day to take advantage of bergstake , to allow me to steadily earn in the long term.

I was simply stating the information given by the person who provided it was false.

Syscoin raised 460 btc : No. it raised around 1500 btc in their IPO

everything above 400btc will guarantee a loss : No. there is historical data that proves that statement to be completely false, there have been numerous coins that have raised over 400btc and made profits. most with less foundation work and infrastructure in comparison to breakout.

The person was emotionally driven, given the fact he cherry picked information to back up his own opinion information that was fabricated bullshit, totally false .

Thank you Jibble Grin

Through discussion on this thread and the presentation on Breakoutcoin.com, we are trying to get the word out about the cohesive long term plan as best we can. When people come in with preconceived notions, biases based on their past experiences, or focus on a single detail of Breakout Coin, often they don't get that we are very different than the typical coin project armed with just a whitepaper.

Thank you setting the record straight and your highly valued support!

jibble

hero member

Activity: 924

Merit: 1000

Quote from: BreakoutGaming on October 17, 2014, 12:31:51 PM

Quote from: jibble on October 17, 2014, 10:17:47 AM

Quote from: michaelb87 on October 17, 2014, 03:08:21 AM

+10000.

Without a cap there is no way I'm investing. Guaranteed loss if you do invest, especially with POW dumpers. Cap should be MAX 400 BTC, everything above that will guarantee a loss.

Look at SysCoin. They raised about 460 BTC and had a wat better businessplan but still people lost on it. More than 400 BTC makes sure all demand is sucked dry into the ICO and nobody willing to buy after the ICO.

I'm so tired of these greedy devs. Just be happy with 400 BTC, that's a huge amount! Take some pride in your work. Everybody here wants to hit the jackpot first and work after. That's not real life

Eveerything you said here is verifiable bullshit, there have been numerous IPO's that have a fraction of the plans/feature and developments that have raised 900btc+ and investors have profited

Sys coin raised about 1500 btc and then on release it fucked up causing massive panic and people dumping at a loss.

I am so tired of people who can't even write truthful details , either you are trying to manipulate the facts to try and make them set a really low cap on investment or you really are a stupid fucker that just guesses shit without even researching, or just remembering what actually happened previously, it wasn't even that long ago, you could of just looked up what you were talking about instead of talking 100% bullsht

Fyi, Breakout has already invested significant capital into this project. This is not a conceptual project or investment. We have put a lot of sweat and capital to get the project to where we are now. Breakout will launch and follow our business plan to success.

The entire Breakout Team is all in. We truly believe in the the future of Cryptocurrencies and Gaming. The Breakout Team is dedicated to make this project a tremendous success and the investors should see growth if we execute properly. The investors in our crowd sale will also be receiving Bergstake and the right to mine all future coins. Bergstake is potentially a bigger reward than the coins. This is the first time I can think of, where a crowd sale provided as much leverage and incentive to buyin as Bergstake.

I agree with what you are saying.

I am going to be buying into the IPO on release day to take advantage of bergstake , to allow me to steadily earn in the long term.

I was simply stating the information given by the person who provided it was false.

Syscoin raised 460 btc : No. it raised around 1500 btc in their IPO

everything above 400btc will guarantee a loss : No. there is historical data that proves that statement to be completely false, there have been numerous coins that have raised over 400btc and made profits. most with less foundation work and infrastructure in comparison to breakout.

The person was emotionally driven, given the fact he cherry picked information to back up his own opinion information that was fabricated bullshit, totally false .

BreakoutGaming

sr. member

Activity: 246

Merit: 250

Quote from: jibble on October 17, 2014, 10:17:47 AM

Quote from: michaelb87 on October 17, 2014, 03:08:21 AM

+10000.

Without a cap there is no way I'm investing. Guaranteed loss if you do invest, especially with POW dumpers. Cap should be MAX 400 BTC, everything above that will guarantee a loss.

Look at SysCoin. They raised about 460 BTC and had a wat better businessplan but still people lost on it. More than 400 BTC makes sure all demand is sucked dry into the ICO and nobody willing to buy after the ICO.

I'm so tired of these greedy devs. Just be happy with 400 BTC, that's a huge amount! Take some pride in your work. Everybody here wants to hit the jackpot first and work after. That's not real life

Eveerything you said here is verifiable bullshit, there have been numerous IPO's that have a fraction of the plans/feature and developments that have raised 900btc+ and investors have profited

Sys coin raised about 1500 btc and then on release it fucked up causing massive panic and people dumping at a loss.

I am so tired of people who can't even write truthful details , either you are trying to manipulate the facts to try and make them set a really low cap on investment or you really are a stupid fucker that just guesses shit without even researching, or just remembering what actually happened previously, it wasn't even that long ago, you could of just looked up what you were talking about instead of talking 100% bullsht

Fyi, Breakout has already invested significant capital into this project. This is not a conceptual project or investment. We have put a lot of sweat and capital to get the project to where we are now. Breakout Gaming will launch and follow our business plan to success.

The entire Breakout Team is all in. We truly believe in the the future of Cryptocurrencies and Gaming. The Breakout Team is dedicated to make this project a tremendous success. The participants in our crowd sale will also be receiving Bergstake and the right to mine all future coins. Bergstake is potentially a bigger reward than the coins. This is the first time I can think of, where a crowd sale provided as much leverage and incentive to buyin as Bergstake.

Disclaimer: Breakout Coin and Breakout Gaming are two separate services/entities. Breakout Coin is offering BRO coins for btc. By participating in this "coin sale," you are not purchasing interest in Breakout Gaming. You are solely participating in the "coin sale" of a crypto coin that happens to have a gaming company that supports the BRO coin by having their chips denominated in the BRO crypto coin.

As specified in the first paragraph in the Terms and Conditions:

WARNING: Do not purchase BRO if you are not an expert in crypto tokens or currency and blockchain technology.

This coin sale is not an offer of investment or securities in any business, venture, or company, or in any form of gaming operations or activity; purchase of BRO does not entitle the buyer to any interest in any profits or revenue of any common enterprise arising from the activities of others.

brother3

hero member

Activity: 980

Merit: 500

Quote from: michaelb87 on October 17, 2014, 03:08:21 AM

+10000.

Without a cap there is no way I'm investing. Guaranteed loss if you do invest, especially with POW dumpers. Cap should be MAX 400 BTC, everything above that will guarantee a loss.

Look at SysCoin. They raised about 460 BTC and had a wat better businessplan but still people lost on it. More than 400 BTC makes sure all demand is sucked dry into the ICO and nobody willing to buy after the ICO.

I'm so tired of these greedy devs. Just be happy with 400 BTC, that's a huge amount! Take some pride in your work. Everybody here wants to hit the jackpot first and work after. That's not real life

I won't get into whether Syscoin has a better business plan, but i thought the initial ico was 460 btc or so raised but the total ipo raised 1500 btc no?

jibble

hero member

Activity: 924

Merit: 1000

Quote from: michaelb87 on October 17, 2014, 03:08:21 AM

+10000.

Without a cap there is no way I'm investing. Guaranteed loss if you do invest, especially with POW dumpers. Cap should be MAX 400 BTC, everything above that will guarantee a loss.

Look at SysCoin. They raised about 460 BTC and had a wat better businessplan but still people lost on it. More than 400 BTC makes sure all demand is sucked dry into the ICO and nobody willing to buy after the ICO.

I'm so tired of these greedy devs. Just be happy with 400 BTC, that's a huge amount! Take some pride in your work. Everybody here wants to hit the jackpot first and work after. That's not real life

Eveerything you said here is verifiable bullshit, there have been numerous IPO's that have a fraction of the plans/feature and developments that have raised 900btc+ and investors have profited

Sys coin raised about 1500 btc and then on release it fucked up causing massive panic and people dumping at a loss.

I am so tired of people who can't even write truthful details , either you are trying to manipulate the facts to try and make them set a really low cap on investment or you really are a stupid fucker that just guesses shit without even researching, or just remembering what actually happened previously, it wasn't even that long ago, you could of just looked up what you were talking about instead of talking 100% bullsht

jaybny

sr. member

Activity: 410

Merit: 250

Proof-of-Skill - protoblock.com

Quote from: michaelb87 on October 17, 2014, 07:24:22 AM

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.

michaelb87

sr. member

Activity: 364

Merit: 250

Quote from: barabbas on October 17, 2014, 03:22:20 AM

Quote from: michaelb87 on October 17, 2014, 03:08:21 AM

Quote from: Kuriso on October 16, 2014, 07:33:41 PM

Quote

2) More fair distribution vs price per coin. There are only 4.5 millions BRO offered in the ICO and an uncapped ICO would not allow the Bill Gates to scoop up most or all of the coins

Not really. 'Bill Gates' or the 'whales' can still dump more btc than any other users and gain a higher % of the coins.

Example 1: If 10 people give 10btc or 1 btc each, it wont matter. They each get 1/10th of the 4.5 million coins with equal buy-ins. The only thing that changes is the theoretical market cap. No 'Bill Gates' here but this will not happen either.

Example 2: If 9 people give 1btc and 1 person gives 10btc, the MC is 19btc or 236,842bro per btc. 9 people get 236,842bro and 1 person gets 2,368,420bro. You have a 'Bill Gates'.

Example 3: If 100 people give an avg of .5btc each and 10 people give an average of 5btc each, you have a MC of 100 btc or 45,000bro per btc. 100 people get avg of 22,500bro each and 10 people get 225,000bro each. Now you have 10 'Bill Gates'.

Of course these are over simplified but the idea is still the same no matter how many investors join or the amount of btc paid in. You will always have a 'Bill Gates'. The idea of an uncapped ICO not allowing a 'Bill Gates' is erroneous imho.

Quote

3) The assumption that uncapped ICO will generate money money than a capped ICO is erroneous imho

Really? Did you see how much bitcoin the Ether project raised with their uncapped ICO? An uncapped ICOs will most likely not benefit the investors unless very little bitcoin is paid in. Based on past experiences, it will almost certainly only benefit you, the devs.

Potential ICO investors, remember this is a ICO/POW coin. Miners are generally dumpers. Looks like there are coins being given away free as well. These can be dumped at any price. You are paying a flat fee for the coins but you have no idea what that fee will be. It will change as more btc is paid in. Things actually get worse as you have more investors spending more btc. Roughly 9,500bro will be mined every day. As the potential market cap grows from the ICO, the daily cost in keeping the market price steady will increase.

Will the amount of BTC raised be public so that investors can judge their potential holdings and cost per BRO?

I'm very, very interested in getting in on this coin but the uncapped limit is almost a deal breaker. I'd only be a buyer at the end of the 30 days and with less than 500 btc raised. That puts the MC low and at a really reasonable price.

+10000.

Without a cap there is no way I'm investing. Guaranteed loss if you do invest, especially with POW dumpers. Cap should be MAX 400 BTC, everything above that will guarantee a loss.

Look at SysCoin. They raised about 460 BTC and had a wat better businessplan but still people lost on it. More than 400 BTC makes sure all demand is sucked dry into the ICO and nobody willing to buy after the ICO.

I'm so tired of these greedy devs. Just be happy with 400 BTC, that's a huge amount! Take some pride in your work. Everybody here wants to hit the jackpot first and work after. That's not real life

Sorry but that is very juvenile perception. This is a BUSINESS. With investors behind it. A business that requires big money to be built. It doesn't matter one bit if the cap the price or not, nothing changes the outcome. This will get whatever amount of BTC it will and that will be the same whether it is capped or not. The price of the coin is irrelevant, the only measure that matters is the market cap assigned to the entire supply, not the price per coin of the 4.5 million on offer.

Dream on. Most investors are here solely for a quick profit, not everybody, but most of them. I've seem them all come by. And that's not a bad thing. Let us support the build and launch of a coin, take our profit and let others get in for the long term.

But respect that type of investor because they are 80% of your potential investors. 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.

Make an ICO reasonable or don't do it at all.

barabbas

legendary

Activity: 1162

Merit: 1000

Quote from: michaelb87 on October 17, 2014, 03:08:21 AM

Quote from: Kuriso on October 16, 2014, 07:33:41 PM

Quote

2) More fair distribution vs price per coin. There are only 4.5 millions BRO offered in the ICO and an uncapped ICO would not allow the Bill Gates to scoop up most or all of the coins

Not really. 'Bill Gates' or the 'whales' can still dump more btc than any other users and gain a higher % of the coins.

Example 1: If 10 people give 10btc or 1 btc each, it wont matter. They each get 1/10th of the 4.5 million coins with equal buy-ins. The only thing that changes is the theoretical market cap. No 'Bill Gates' here but this will not happen either.

Example 2: If 9 people give 1btc and 1 person gives 10btc, the MC is 19btc or 236,842bro per btc. 9 people get 236,842bro and 1 person gets 2,368,420bro. You have a 'Bill Gates'.

Example 3: If 100 people give an avg of .5btc each and 10 people give an average of 5btc each, you have a MC of 100 btc or 45,000bro per btc. 100 people get avg of 22,500bro each and 10 people get 225,000bro each. Now you have 10 'Bill Gates'.

Of course these are over simplified but the idea is still the same no matter how many investors join or the amount of btc paid in. You will always have a 'Bill Gates'. The idea of an uncapped ICO not allowing a 'Bill Gates' is erroneous imho.

Quote

3) The assumption that uncapped ICO will generate money money than a capped ICO is erroneous imho

Really? Did you see how much bitcoin the Ether project raised with their uncapped ICO? An uncapped ICOs will most likely not benefit the investors unless very little bitcoin is paid in. Based on past experiences, it will almost certainly only benefit you, the devs.

Potential ICO investors, remember this is a ICO/POW coin. Miners are generally dumpers. Looks like there are coins being given away free as well. These can be dumped at any price. You are paying a flat fee for the coins but you have no idea what that fee will be. It will change as more btc is paid in. Things actually get worse as you have more investors spending more btc. Roughly 9,500bro will be mined every day. As the potential market cap grows from the ICO, the daily cost in keeping the market price steady will increase.

Will the amount of BTC raised be public so that investors can judge their potential holdings and cost per BRO?

I'm very, very interested in getting in on this coin but the uncapped limit is almost a deal breaker. I'd only be a buyer at the end of the 30 days and with less than 500 btc raised. That puts the MC low and at a really reasonable price.

+10000.

Without a cap there is no way I'm investing. Guaranteed loss if you do invest, especially with POW dumpers. Cap should be MAX 400 BTC, everything above that will guarantee a loss.

Look at SysCoin. They raised about 460 BTC and had a wat better businessplan but still people lost on it. More than 400 BTC makes sure all demand is sucked dry into the ICO and nobody willing to buy after the ICO.

I'm so tired of these greedy devs. Just be happy with 400 BTC, that's a huge amount! Take some pride in your work. Everybody here wants to hit the jackpot first and work after. That's not real life

Sorry but that is very juvenile perception. This is a BUSINESS. With investors behind it. A business that requires big money to be built. It doesn't matter one bit if the cap the price or not, nothing changes the outcome. This will get whatever amount of BTC it will and that will be the same whether it is capped or not. The price of the coin is irrelevant, the only measure that matters is the market cap assigned to the entire supply, not the price per coin of the 4.5 million on offer.

barabbas

legendary

Activity: 1162

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Quote from: jaybny on October 17, 2014, 01:02:33 AM

Quote from: barabbas on October 17, 2014, 12:48:06 AM

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?

michaelb87

sr. member

Activity: 364

Merit: 250

Quote from: Kuriso on October 16, 2014, 07:33:41 PM

Quote

2) More fair distribution vs price per coin. There are only 4.5 millions BRO offered in the ICO and an uncapped ICO would not allow the Bill Gates to scoop up most or all of the coins

Not really. 'Bill Gates' or the 'whales' can still dump more btc than any other users and gain a higher % of the coins.

Example 1: If 10 people give 10btc or 1 btc each, it wont matter. They each get 1/10th of the 4.5 million coins with equal buy-ins. The only thing that changes is the theoretical market cap. No 'Bill Gates' here but this will not happen either.

Example 2: If 9 people give 1btc and 1 person gives 10btc, the MC is 19btc or 236,842bro per btc. 9 people get 236,842bro and 1 person gets 2,368,420bro. You have a 'Bill Gates'.

Example 3: If 100 people give an avg of .5btc each and 10 people give an average of 5btc each, you have a MC of 100 btc or 45,000bro per btc. 100 people get avg of 22,500bro each and 10 people get 225,000bro each. Now you have 10 'Bill Gates'.

Of course these are over simplified but the idea is still the same no matter how many investors join or the amount of btc paid in. You will always have a 'Bill Gates'. The idea of an uncapped ICO not allowing a 'Bill Gates' is erroneous imho.

Quote

3) The assumption that uncapped ICO will generate money money than a capped ICO is erroneous imho

Really? Did you see how much bitcoin the Ether project raised with their uncapped ICO? An uncapped ICOs will most likely not benefit the investors unless very little bitcoin is paid in. Based on past experiences, it will almost certainly only benefit you, the devs.

Potential ICO investors, remember this is a ICO/POW coin. Miners are generally dumpers. Looks like there are coins being given away free as well. These can be dumped at any price. You are paying a flat fee for the coins but you have no idea what that fee will be. It will change as more btc is paid in. Things actually get worse as you have more investors spending more btc. Roughly 9,500bro will be mined every day. As the potential market cap grows from the ICO, the daily cost in keeping the market price steady will increase.

Will the amount of BTC raised be public so that investors can judge their potential holdings and cost per BRO?

I'm very, very interested in getting in on this coin but the uncapped limit is almost a deal breaker. I'd only be a buyer at the end of the 30 days and with less than 500 btc raised. That puts the MC low and at a really reasonable price.

+10000.

Without a cap there is no way I'm investing. Guaranteed loss if you do invest, especially with POW dumpers. Cap should be MAX 400 BTC, everything above that will guarantee a loss.

Look at SysCoin. They raised about 460 BTC and had a wat better businessplan but still people lost on it. More than 400 BTC makes sure all demand is sucked dry into the ICO and nobody willing to buy after the ICO.

I'm so tired of these greedy devs. Just be happy with 400 BTC, that's a huge amount! Take some pride in your work. Everybody here wants to hit the jackpot first and work after. That's not real life

ofortuna

sr. member

Activity: 252

Merit: 250

Quote from: nonlinearboy on October 17, 2014, 02:20:34 AM

Quote from: Mayhem007 on October 15, 2014, 10:14:07 PM

Quote from: nonlinearboy on October 15, 2014, 09:51:30 PM

Quote from: Skatebird on October 15, 2014, 09:11:20 PM

You need to cap ICO because we will be Craiged. Too much investors= high price = drop :/

everyone should be careful of ICO at this time,
too much scamers!

exactly y im investing in bro. its the only coin that has a real business plan and credible peeps baking it up. worthy

OK, I will keep eye on this coin ,too.
if the community prove it worthy ,I will join in.

Hi nonlinearboy and welcome to our community! Grin

nonlinearboy

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Activity: 703

Merit: 500

Quote from: Mayhem007 on October 15, 2014, 10:14:07 PM

Quote from: nonlinearboy on October 15, 2014, 09:51:30 PM

Quote from: Skatebird on October 15, 2014, 09:11:20 PM

You need to cap ICO because we will be Craiged. Too much investors= high price = drop :/

everyone should be careful of ICO at this time,
too much scamers!

exactly y im investing in bro. its the only coin that has a real business plan and credible peeps baking it up. worthy

OK, I will keep eye on this coin ,too.
if the community prove it worthy ,I will join in.

BreakoutGaming

sr. member

Activity: 246

Merit: 250

Quote from: barabbas on October 17, 2014, 12:48:06 AM

Quote from: jaybny on October 17, 2014, 12:23:10 AM

Quote from: barabbas on October 17, 2014, 12:08:54 AM

Quote from: jaybny on October 17, 2014, 12:03:15 AM

Quote from: barabbas on October 16, 2014, 11:53:41 PM

-- I believe the price of BRO in the markets will be highly manipulated by Breakout Gaming.

more like provide liquidity for. i just dont see the incentive.

I have explained it before a couple of times... adding that it isn't only legal but that if it was me I would use it as a souce of additional revenue:

Breakout Gaming through rakes, fees, buy ins, etc., will receive a lot of both fiat, BTC and BRO, along the huge amount it will have already through their 67% ownership of the coin. It WILL dump to replenish the reserves at will, thus sinking the market to buy cheaper. Whale action 101. The incentive will be significant from the get go but, as the success of the project augments, we are talking huge income on that manipulation alone. HUGE.

there is no 67% coins - more like 11%

where do you think some of the 2.5 million is going? the humans in the company are breakoutcoin stakeholders to. also the bergstake, gives incentive to keep prices stable.

its doesn't work like that, even if you can sell it down.. there wont be enough liquidity to buy it back at lower prices. Whale action 101? has this ever been verified? does this even work? they have looking into silver prices forever, and its still inconclusive, its not such a simple strategy.

I won't argue the % because it is irrelevant to the subject of price manipulation. It works like this: You get inflows of fiat, BTC and BRO constantly, right?
You need a supply, on a given period, of let's say 100,000 BRO. You accumulate (through those inflows, plus your "11%"), 20 times as much. So the price, while you have been only buying (with the BTC and Fiat incoming), has been rising, lets say to 1000 sat. 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. Because you have unlimited reserves, you can do this at whatever scale the markets support. If Breakout gaming is successful, the level can be very, very high. And the frequency. The obvious purpose is to dump at a median price of 7 and buy back the same amount at the median price of 6. Thousands of times. Millions to be had. Whale 101.

Barrabas,

We won't argue with your reasoning, but I will let you know this. We will be working closely with the community throughout our entire project. Our business plan is long-term. We are not in this for the short run. We want to end up competing with the likes of Pokerstars and Fanduel. The worst thing that can happen is for a player to buyin at a certain price and cashout at a lower price. If that happens, we potentially lose a customer for life. Our number one goal is to provide stability for the players, even if we occasionally have to take a loss, we will do what is necessary for the growth of our player base.

The worst thing we can do is to be short-sighted and think short term in terms of profits. We will not shoot ourselves in the foot by hurting our own community. We will be very active in these forums and will continue to communicate with our core investors and owners of Bergstake. We appreciate all your constructive criticism and hope that you will continue to contribute to this forum so we can address the many concerns the Breakout community may have.

jaybny

sr. member

Activity: 410

Merit: 250

Proof-of-Skill - protoblock.com

Quote from: barabbas on October 17, 2014, 12:48:06 AM

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.

barabbas

legendary

Activity: 1162

Merit: 1000

Quote from: jaybny on October 17, 2014, 12:23:10 AM

Quote from: barabbas on October 17, 2014, 12:08:54 AM

Quote from: jaybny on October 17, 2014, 12:03:15 AM

Quote from: barabbas on October 16, 2014, 11:53:41 PM

-- I believe the price of BRO in the markets will be highly manipulated by Breakout Gaming.

more like provide liquidity for. i just dont see the incentive.

I have explained it before a couple of times... adding that it isn't only legal but that if it was me I would use it as a souce of additional revenue:

Breakout Gaming through rakes, fees, buy ins, etc., will receive a lot of both fiat, BTC and BRO, along the huge amount it will have already through their 67% ownership of the coin. It WILL dump to replenish the reserves at will, thus sinking the market to buy cheaper. Whale action 101. The incentive will be significant from the get go but, as the success of the project augments, we are talking huge income on that manipulation alone. HUGE.

there is no 67% coins - more like 11%

where do you think some of the 2.5 million is going? the humans in the company are breakoutcoin stakeholders to. also the bergstake, gives incentive to keep prices stable.

its doesn't work like that, even if you can sell it down.. there wont be enough liquidity to buy it back at lower prices. Whale action 101? has this ever been verified? does this even work? they have looking into silver prices forever, and its still inconclusive, its not such a simple strategy.

I won't argue the % because it is irrelevant to the subject of price manipulation. It works like this: You get inflows of fiat, BTC and BRO constantly, right?
You need a supply, on a given period, of let's say 100,000 BRO. You accumulate (through those inflows, plus your "11%"), 20 times as much. So the price, while you have been only buying (with the BTC and Fiat incoming), has been rising, lets say to 1000 sat. 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. Because you have unlimited reserves, you can do this at whatever scale the markets support. If Breakout gaming is successful, the level can be very, very high. And the frequency. The obvious purpose is to dump at a median price of 7 and buy back the same amount at the median price of 6. Thousands of times. Millions to be had. Whale 101.

jaybny

sr. member

Activity: 410

Merit: 250

Proof-of-Skill - protoblock.com

Quote from: barabbas on October 17, 2014, 12:08:54 AM

Quote from: jaybny on October 17, 2014, 12:03:15 AM

Quote from: barabbas on October 16, 2014, 11:53:41 PM

-- I believe the price of BRO in the markets will be highly manipulated by Breakout Gaming.

more like provide liquidity for. i just dont see the incentive.

I have explained it before a couple of times... adding that it isn't only legal but that if it was me I would use it as a souce of additional revenue:

Breakout Gaming through rakes, fees, buy ins, etc., will receive a lot of both fiat, BTC and BRO, along the huge amount it will have already through their 67% ownership of the coin. It WILL dump to replenish the reserves at will, thus sinking the market to buy cheaper. Whale action 101. The incentive will be significant from the get go but, as the success of the project augments, we are talking huge income on that manipulation alone. HUGE.

there is no 67% coins - more like 11%

where do you think some of the 2.5 million is going? the humans in the company are breakoutcoin stakeholders to. also the bergstake, gives incentive to keep prices stable.

its doesn't work like that, even if you can sell it down.. there wont be enough liquidity to buy it back at lower prices. Whale action 101? has this ever been verified? does this even work? they have looking into silver prices forever, and its still inconclusive, its not such a simple strategy.

barabbas

legendary

Activity: 1162

Merit: 1000

Quote from: jaybny on October 17, 2014, 12:03:15 AM

Quote from: barabbas on October 16, 2014, 11:53:41 PM

-- I believe the price of BRO in the markets will be highly manipulated by Breakout Gaming.

more like provide liquidity for. i just dont see the incentive.

I have explained it before a couple of times... adding that it isn't only legal but that if it was me I would use it as a souce of additional revenue:

Breakout Gaming through rakes, fees, buy ins, etc., will receive a lot of both fiat, BTC and BRO, along the huge amount it will have already through their 67% ownership of the coin. It WILL dump to replenish the reserves at will, thus sinking the market to buy cheaper. Whale action 101. The incentive will be significant from the get go but, as the success of the project augments, we are talking huge income on that manipulation alone. HUGE.

jaybny

sr. member

Activity: 410

Merit: 250

Proof-of-Skill - protoblock.com

Quote from: barabbas on October 16, 2014, 11:53:41 PM

-- I believe the price of BRO in the markets will be highly manipulated by Breakout Gaming.

more like provide liquidity for. i just dont see the incentive.

Topic: [ANN][BRK] Breakout Coin | Sale June 13 2016 | Multicurrencies | Smart Contracts - page 89. (Read 243361 times)