Topic: Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published - page 92. (Read 359514 times)

Wow! Inappropriate question, raven!

PMs are more appropriate than the ANN thread for some things. Several other coins face large amounts of 'incoming' from The Cryptsy Thang. It so happens that I also have tried to contact the Cryptsy receivers in respect of another crypto's incoming, and I suggested to m33 that we share info about whether we get any replies from these characters -- particularly as one of my contacts, one of the guys from that other crypto community, is one of the acknowledged experts on The Details of It All.

[ Happy New Year, guys. Hope you are all well. ]

Mark, Lake Muir, Western Australia

I've bought 400 CBX for 30K satoshi each to keep them long and stake them... I am still holding them and don't have plan to dump them in near future. but The devs of this project must do something to boost up the market. CBX must be listed in Poloniex.

why you sent him a PM? are you the hacker who stolen coins?

PM sent

Unless there is a reason to buy, for some use, then there will not be a market. That is close to the situation already.

There may also be a lot more potential sellers who are doing nothing because CBX has no value. Market price support (with no other incentive) is a pointless task, always doomed to fail.

I would think it better to ignore the market price for now, and get on with adding some use or purpose for CBX. As a 'store of value' it will go nowhere, because there is plenty of competition for that role.

 

There is no miracle solution.
The actions already to be carried out and the actions to come, will make the difference.
Futures contracts can pull the price upward for a long time.
As long as prices rise, the 124k are not used to offset losses.

Perhaps a mass dump of 124k is what CBX needs to distribute into more hands? I don't know but as a long time investor I can confirm what VonSpass is saying about any positive momentum being quickly killed by whales ready to dump. I personally have watched the CBX developers make innovations and major pushes in advertising which I have supported by buying large sums of CBX at 20x and higher than it is now, but the willing sellers seem to have far more ammunition than the buyers. Until the whales have emptied their pockets and there is an influx of new active community members, we will not see any positive growth in CBX, regardless of what anyone says or does. That is the present situation.

Basically, we need to attract a community that is larger than the whale/dumpers holdings. No one has been able to come up with a way to do this yet.

If the 124K are not recovering.
We could offer risk-free futures contracts.
Sell pack of 1000cbx (staking starts to be interesting with 1000cbx).
After one month, if the price is higher, the buyer keeps his cbx.
If the price is lower, the buyer is refund.
The loss is recover on the 124k.
It's just an idea.

I already email those guys with 124k to make a deal , has been almost two weeks and no reply from them , if I get them I promise to keep them lock up for a Long time

I think a deal with the receiver can be reached, and it won't be that difficult. It is with the whales that we will have a problem, and I won't go through the effort of negociating a deal with the receiver until I hear back from the CBX whales that have been plaguing all our efforts these past 2 years. CBX whales, I am done working for you; we could, however, work together.

As I have been writing for some time, CBX is an early coin and through its "long" history it has accumulated some "whales" who hoped to make a quick buck with it. As an illustration of this problem, at Cryptopia.co.nz right now we can see there are 30 000 CBX sitting on the exchange, ready to form selling walls at any time (usually exactly when some positive momentum develops) - these guys have been real momentum busters, even against their own interest - because that is just how these careless and lazy guys work.

I don't even think that the CBX whales bother to read this Bitcointalk thread, either. Every time I asked for them to come forward, I hear crickets. Nobody answers back - they just turn around to make bigger selling walls.

Like I said, getting CBX out of this mess will not be easy. Funny thing is, pointless coins like DOGE can get the volume we would need to clean them all in just 12 hours, so it's not impossible.

How can this coin not even be on bittrex?

Righteous post man, I agree 100% with your three points!

I'll throw an idea out there ... why not approach the cryptsy receiver and propose that they accept a lessor amount, say as low as 10K CBX, using the argument that 124k coins with zero value is zero, but 10K coins (1%) of a thriving top 20 coin in this next crypto bull market might be worth a lot more to their stakeholders. If they agree the CBX dev team then devise a plan to use the remaining cryptsy coins in a way that grows the community numbers and involvement. Bounties, dead coin buy-ins, competitions etc

We can offer the same 'deal' to the whales, same logic - a big stake in a dead coin is worth nothing, but a smaller stake in a top crypto in 2017 might be life changing.

Quite a positive discussion, on this first day of 2017! Unfortunately this comes a bit late, but who knows, maybe we can save CBX if people still want it.

The problem with many cryptos (including CBX) is people are in it for a quick (and small) gain. If we stuck together with ONE cryptocurrency, we could each of us earn a life changing value of currency, and create a great crypto network that can change the altcoin landscape: keeping in mind CBX was never meant to replace BTC, it was meant to complement it with a valuable, scarce and interest-earning commodity.

Again, CBX's 2% inflation is low and healthy - we need an enticing way to pay for secure blockchain maintenance in some way - and transaction fees are not enough, so this low inflation profile is necessary.

During 2016 I have been trying hard, with many creative solutions, to bring back CBX to the place it deserves (among the 15 greatest coins), because I believe that Smart action is better than inaction. Some people would rather just say "we are great - we don't need to do anything." - but my position has always been otherwise, and what is happening to other coins with that inaction philosophy is proving me right.

Another reason why people (or altcoins) do not succeed is everyone wants to try his little thing in his little corner, rather than use community leverage and join a small and promising coin with great fundamentals (like CBX) so we can be strong together.  You can't believe how strong a committed and dedicated community can be! Rather, people spread their money and efforts thin across many coins and don't commit themselves to a very large (life changing) gain. Most people are in for a small gain with no commitment. Commitment is key to success, in anything you do. Commitment is painless and fun - and I can't do it alone.

Mind you, we can still save CBX, but it's not going to be easy:

1) A deal with the Cryptsy CBX receiver has to be struck, - either that, or we create a new Digital Bullion with these CBX gone.

2) the CBX whales who have been selling CBX and stubbornly maintaining it below 60 000 satoshis have to come forward and, perhaps privately, start a discussion with us (if not, well, be prepared to lose everything, whales)

3) the rest of us, CBX fans, have to stick together, maintain some volume, don't create selling walls. Contribute to this forum (more than 1x per month!).

If we can't meet these difficult conditions, well, CBX will not survive I'm afraid.

Happy new year 2017 for cbx. better than 2017 

CBX² can still be very much alive though, detaching from the toxic 124k coins is the only way to move forward with optimism

We should start riffing for a new name, get our spirits up for New Year!

Digital Bullion
cBullion

CBX is dead anyway. Nobody can sell , because there will be no bid.

Problem is if other holders unaware will sell In panic . For this to work all current holder must be agree to hold and put up wall at a agreed price , but if that wall is gone all will break losse ..

Then maybe my first thought is correct. Dump onto exchange at a very low price . First take out every bid, then put a wall in at a low level.

If the coin is dead anyway, kill the price quickly, then see if there are any takers. Make a very low base, then the only way is up.  Trying to support price always leads to a slow decline (applies to all commodities)

Giving to ppl who have no real interest, they will dump the coin like a hot potatoes! For btc

To make it simple one can also give 100 cbx to 1200 members of bitcoinalk

dead shit coin.

what happened to the quitessence crap that was meant to pump CBX?

am guessing it's fucked too....