Topic: [ANN][DGC][FBD] Free Bank of Digitalcoin ~ Risk Averse DGC Investments - page 6. (Read 11656 times)
June 20, 2013, 02:36:49 PM
Well that's my point. The bank is betting on the downfall of the coin in that case so he can charge the fees, because that is the only source of income of the bank, the people are betting in the rise of the coin that will led to decrease anyway... my point is that the coin would'n benefit from this ideea in bouth cases.
June 20, 2013, 02:29:21 PM
But that's a big "if"... the majority will buy hopping for a price increas and if that happends everybody would rush to seel on the marked so a quick price decreas... the ones that didn't cash out from the account would rush tu sell back to the bank in panic that the bank would go bankrupt... more price decreas... anyway, it's not going to work because people would assume that is un investment without risk... things just don't work like that.
P.S. This is just my personal opinion and i could be wrong, don't take it as un advice because it's not. In fact i would be glad to see this become real and viable.
P.S. This is just my personal opinion and i could be wrong, don't take it as un advice because it's not. In fact i would be glad to see this become real and viable.
I don't understand why the bank would go bankrupt. The funds used to purchase the coins in the first place will never be spent (as I understand it), and no more coins will be sold than are physically available to move.
Bank rushes only occur because banks loan out your money to other people, so they don't physically have the money on hand. It sounds like Baritus will be keeping all of the deposited money available for people to cash out, but it is reasonable that removing the coins from the bank would forfeit your option of selling them back so that you cannot abuse the system. Risk only occurs once you go from holding the coins to using the coins.
June 20, 2013, 02:15:20 PM
It may sound good in the beginning, but thats how they all start "for the people by the people" blah blah, then people get greedy, then fees increase, too many people starting these types of schemes on here end up ripping off people once they get enough funds in their hands.... When all is said and done, all you are doing is stashing your coins in someone else's qt wallet...... smart? I think we can all agree..... No
Seriously, why do you bother?
If you have nothing constructive to add go and troll somewhere else.
June 20, 2013, 02:14:08 PM
It may sound good in the beginning, but thats how they all start "for the people by the people" blah blah, then people get greedy, then fees increase, too many people starting these types of schemes on here end up ripping off people once they get enough funds in their hands.... When all is said and done, all you are doing is stashing your coins in someone else's qt wallet...... smart? I think we can all agree..... No
Seriously, why do you bother?
If you have nothing constructive to add go and troll somewhere else.
June 20, 2013, 02:09:14 PM
It may sound good in the beginning, but thats how they all start "for the people by the people" blah blah, then people get greedy, then fees increase, too many people starting these types of schemes on here end up ripping off people once they get enough funds in their hands.... When all is said and done, all you are doing is stashing your coins in someone else's qt wallet...... smart? I think we can all agree..... No
June 20, 2013, 02:08:07 PM
But that's a big "if"... the majority will buy hopping for a price increas and if that happends everybody would rush to seel on the marked so a quick price decreas... the ones that didn't cash out from the account would rush tu sell back to the bank in panic that the bank would go bankrupt... more price decreas... anyway, it's not going to work because people would assume that is un investment without risk... things just don't work like that.
P.S. This is just my personal opinion and i could be wrong, don't take it as un advice because it's not. In fact i would be glad to see this become real and viable.
P.S. This is just my personal opinion and i could be wrong, don't take it as un advice because it's not. In fact i would be glad to see this become real and viable.
June 20, 2013, 01:56:38 PM
But if one purchase from the bank and can't use it without loosing the posibility to sell them back (is obligated to keep it in the bank account) than... what's the point? Everybody would buy only to speculate... so... nothing to gain for the coin... isn't it?
If you remove it to use it, that's fine. Why would you be able to use it and then sell it back? Presumably when you purchase something you lose those coins anyways.
June 20, 2013, 01:51:32 PM
But if one purchase from the bank and can't use it without loosing the posibility to sell them back (is obligated to keep it in the bank account) than... what's the point? Everybody would buy only to speculate... so... nothing to gain for the coin... isn't it?
June 20, 2013, 01:32:26 PM
I don't think this is a viable ideea. Assuming the case: DGC rises in price, everibody sell and they make a nice profit. After that DGC falls and the same people buy and sell back to the bank with the initial price witch is higher now than the market = nice profit again... And this is just one scenario... Think about it!
Maybe I'm misunderstanding, but the way I see it is say the person buys DGC and keeps it in the bank. If the price drops and he panics and wants out, he gets his initial purchase price back minus a fee. However if the price goes up, he pulls the DGC out of the bank and sells on an exchange. He can't reaquire DGC and put it back into the bank at this point and get his original purchase price back as this is now a new deposit, and besides that, he didn't acquire the DGC through the bank anyways so how is there even a price point from the bank's point of view to reimburse any losses, not there is a loss in value since it wasn't purchased through the bank. Hope that made sense.
June 20, 2013, 01:23:24 PM
This is an amazing idea. What an opportunity for low risk growth of DigitalCoin's value via outside fiat / BTC means. Very impressive concept that adds even more incentive to invest in the future of DGC.
June 20, 2013, 01:21:37 PM
I don't think this is a viable ideea. Assuming the case: DGC rises in price, everibody sell and they make a nice profit. After that DGC falls and the same people buy and sell back to the bank with the initial price witch is higher now than the market = nice profit again... And this is just one scenario... Think about it!
June 20, 2013, 01:09:24 PM
I'll have more details about the shares later on, they're not yet available.
June 20, 2013, 01:07:37 PM
I like it - where can we sign up to buy shares?
June 20, 2013, 12:59:23 PM
Anything that allows people to raise their profits and lower their risks will be popular.
June 20, 2013, 12:52:11 PM
This will be popular Banks are popular !
especially in a Cryptocurrency market !
especially in a Cryptocurrency market !
June 20, 2013, 12:42:34 PM
Expanding the usefulness of crypto-currency for potential investors is a necessary step towards adoption.
Im not saying im against your concept, just that we have all done a great job of destroying what was the foundation of bitcoin
June 20, 2013, 12:38:02 PM
Expanding the usefulness of crypto-currency for potential investors is a necessary step towards adoption.
June 20, 2013, 12:21:07 PM
This is decentralization of banking.
A bank funded by the people, for the people, by the people.
A bank funded by the people, for the people, by the people.
you are herding coin brother.. spin it how you want but you are herding coin
June 20, 2013, 12:19:14 PM
This is decentralization of banking.
A bank funded by the people, for the people.
A bank funded by the people, for the people.
June 20, 2013, 12:17:52 PM
The community has done nothing but ruin the concept of Bitcoin... DECENTRILIZED MEANS JUST THAT.. yet you want to herd coin into "EXCHANGES" and "BANKS"
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