[GAM] Gambit | Private Trading Group | Trading Indicators | Trading Classroom - page 50.

Cor2

hero member

Activity: 595

Merit: 500

Quote from: CraveIt on August 09, 2015, 08:03:21 PM

What will happen when we will be nearing burning all the coins in existence?? would we say for example cut off at %5 left and issue dividends with successful trades instead of burning?

I expect that the burning will never stop, I mean that at some point it may be unfeasible to continue for some reason,
but not because the tokens run out. Towards the end of the coin supply, the price of coins will simply rise higher and higher, so
the amount of BTC needed to buy the last coins will go up all the time.
Look even at the market spread today: there are 10.4 GAM offered for 1 BTC *each* !!!
If we really get down to the last few GAM, don't you think that they will continue to go up in price,
so that the last GAM will never ever sell to be burned, it will be ever smaller fractions and the price of GAM will continue to go up with it becoming more and more rare. No, there is no need to do anything else when we are nearing the end - the end will simply move away, this is a self-balancing system and it will work great.

CraveIt

sr. member

Activity: 269

Merit: 250

What will happen when we will be nearing burning all the coins in existence?? would we say for example cut off at %5 left and issue dividends with successful trades instead of burning?

statdude

legendary

Activity: 1498

Merit: 1000

Nice concept, how safe are investor funds?

Do you only trade liquid assets or are you looking to acquire other investments?

raithe

sr. member

Activity: 332

Merit: 250

@CollinCrypto [GAM]

EDITED

This post is very old. Please see the main thread at GambitCrypto.com for up-to-date information.

EDITED

Piston Honda

legendary

Activity: 2730

Merit: 1068

Juicin' crypto

still holding some of this coin, sold most.
what's the plans??

fartbags

legendary

Activity: 1190

Merit: 1004

Quote from: fartbags on July 25, 2015, 07:09:07 PM

Quote from: raithe on May 05, 2015, 03:26:50 PM

5/14
Gambit Traders Spreadsheet Posted
https://docs.google.com/spreadsheets/d/1unCcQPa-_u34gZ0oKwWoIG6F_CbP0umK1x3tN2-qHAI

There is a lot of transparency missing with this coin. The spread sheet should have another column for "BTC waged". We want to know how much BTC was used for each of those moves. Secondly, we want to be able to click on a trader and see of all their moves. See how much they waged and how profitable each move was.

It would be amazing if they could hash their calls on the GAM blockchain for proof later that they actually made that call.

fartbags

legendary

Activity: 1190

Merit: 1004

Quote from: raithe on May 05, 2015, 03:26:50 PM

5/14
Gambit Traders Spreadsheet Posted
https://docs.google.com/spreadsheets/d/1unCcQPa-_u34gZ0oKwWoIG6F_CbP0umK1x3tN2-qHAI

There is a lot of transparency missing with this coin. The spread sheet should have another column for "BTC waged". We want to know how much BTC was used for each of those moves. Secondly, we want to be able to click on a trader and see of all their moves. See how much they waged and how profitable each move was.

Cor2

hero member

Activity: 595

Merit: 500

Looking at the performance of the GAM Network, I want to congratulate the GAM team, dev and coders, with the swift action last week when the network was slowing down due to the increasing block value, leading to a reductoin of number of blocks.
The value per input has been steadily decreasing in my wallet and the diff has been increasing, also showing in the duration before staking.
It used to be that every block that became mature immediately staked, now I have smaller inputs that are coming up on a week old soon. All inputs value has been going down from 1k+ GAM chunks by being divided in half, at this moment all inputs are below 160 and those are staking more often, moving everything to below 80 GAM inputs, so the diff and the number of inputs is still rising - until the burn rate will take over and the amount of GAM will be reduced enough to make it more rare. But that will take a couple months.
Congrats again and I am happy with the network stability now.

TrueAnon

legendary

Activity: 1120

Merit: 1000

Quote from: naganaworkhere on July 21, 2015, 10:09:30 PM

Quote from: digitalgrow on July 21, 2015, 09:50:08 PM

Anyone who has made money in this scene whether it be from btc or alts made the biggest profits by holding onto things for longer than others can or showing interest when others didnt or were too scared

Im happy to hold this one for a few years tbh, I dont think the average alt joe can really comprehend the idea the behind this coin and where it will stand in a year or two from now in a raging bull market

Its funny to think that ppl have forgotten that traders in this scene last summer were turning 10btc into 100's over the course of a few days/weeks...just gotta be patient guys and see the bigger picture here

Uh-oh. Do you really think it's going to be years before we see movement in gam price? If you have that kind of patience, then you are a better man than me!

I don't see those bull market days coming back soon, unfortunately. In the current market, people have to be flexible enough in their portfolio stance to catch whatever waves are rolling in. And believe me, if I see gam building momentum, I will double my holdings right back up again.

LOL you win for best user name Wink

BTW, you forgot your TPS report new cover sheet Grin

fartbags

legendary

Activity: 1190

Merit: 1004

I don't understand why this coin doesn't solely trade altcoins. For me it's all about altcoins. I thought these traders were altcoins traders who were "in the know". Why trade fiat and make 0.05% when you can trade altcoins and make 200%? It makes no sense at all.

When GAM first came out, I thought it was only for altcoin trading. I see this fiat trading and it looks like a waste of time. This fiat trading is flat.

Cor2

hero member

Activity: 595

Merit: 500

Quote from: brianloene on July 21, 2015, 10:04:53 PM

The altcoin markets were on fire for the past 2 months. It's kind of sad there was no 10BTC to 100BTC move by GAM.

Oh but there were days that GAM moved more than 10 BTC and it has already reached over 27k Sat level, so if you invested even 5 BTC in the ICO, that was worth almost 14 BTC at that peak and it will be high in value after enough burn of tokens is reducing total coin supply in a couple months.

naganaworkhere

newbie

Activity: 8

Merit: 0

Quote from: digitalgrow on July 21, 2015, 09:50:08 PM

Anyone who has made money in this scene whether it be from btc or alts made the biggest profits by holding onto things for longer than others can or showing interest when others didnt or were too scared

Im happy to hold this one for a few years tbh, I dont think the average alt joe can really comprehend the idea the behind this coin and where it will stand in a year or two from now in a raging bull market

Its funny to think that ppl have forgotten that traders in this scene last summer were turning 10btc into 100's over the course of a few days/weeks...just gotta be patient guys and see the bigger picture here

Uh-oh. Do you really think it's going to be years before we see movement in gam price? If you have that kind of patience, then you are a better man than me!

I don't see those bull market days coming back soon, unfortunately. In the current market, people have to be flexible enough in their portfolio stance to catch whatever waves are rolling in. And believe me, if I see gam building momentum, I will double my holdings right back up again.

brianloene

newbie

Activity: 39

Merit: 0

The altcoin markets were on fire for the past 2 months. It's kind of sad there was no 10BTC to 100BTC move by GAM.

digitalgrow

hero member

Activity: 704

Merit: 500

Anyone who has made money in this scene whether it be from btc or alts made the biggest profits by holding onto things for longer than others can or showing interest when others didnt or were too scared

Im happy to hold this one for a few years tbh, I dont think the average alt joe can really comprehend the idea the behind this coin and where it will stand in a year or two from now in a raging bull market

Its funny to think that ppl have forgotten that traders in this scene last summer were turning 10btc into 100's over the course of a few days/weeks...just gotta be patient guys and see the bigger picture here

naganaworkhere

newbie

Activity: 8

Merit: 0

Quote from: Cor2 on July 21, 2015, 08:58:49 PM

Quote from: naganaworkhere on July 21, 2015, 08:15:57 PM

Quote from: brianloene on July 21, 2015, 02:35:07 PM

I feel like the price should have gone up way more than it has. Someone should try this idea again but change it slightly.

I'm not ready to give up but ya it is starting to look like this is one that isn't going to happen. Too bad, as the idea seemed like a good one. But the attention span in Crypto is nanoseconds now. If it doesn't happen, people move on.

Burns will increase, coin supply will diminish and value will go up.
But yeah - many chase after a quick profit and forego the slow and steady rises, which often are better in the long run.
I am sure to stay in GAM for the long haul and HODL. You do what you think best. Success.

Cheers, you too. I'm cautious and don't make sudden moves, and I balance my portfolio. If anything, I'd sell less then half my gam, with the idea of making money on some of the short-term coins happening now, then putting profits back into gam if/when it happens. One of the things I love about this coin is that it is actually built on that trader mentality, rather than trying to pretend everyone is married to this or any other coin. For me, i will keep one foot in, even while im dipping the other foot in different stuff. But of course, what really matters is what people do in aggregate.

Cor2

hero member

Activity: 595

Merit: 500

Quote from: naganaworkhere on July 21, 2015, 08:15:57 PM

Quote from: brianloene on July 21, 2015, 02:35:07 PM

I feel like the price should have gone up way more than it has. Someone should try this idea again but change it slightly.

I'm not ready to give up but ya it is starting to look like this is one that isn't going to happen. Too bad, as the idea seemed like a good one. But the attention span in Crypto is nanoseconds now. If it doesn't happen, people move on.

Burns will increase, coin supply will diminish and value will go up.
But yeah - many chase after a quick profit and forego the slow and steady rises, which often are better in the long run.
I am sure to stay in GAM for the long haul and HODL. You do what you think best. Success.

naganaworkhere

newbie

Activity: 8

Merit: 0

Quote from: brianloene on July 21, 2015, 02:35:07 PM

I feel like the price should have gone up way more than it has. Someone should try this idea again but change it slightly.

I'm not ready to give up but ya it is starting to look like this is one that isn't going to happen. Too bad, as the idea seemed like a good one. But the attention span in Crypto is nanoseconds now. If it doesn't happen, people move on.

brianloene

newbie

Activity: 39

Merit: 0

I feel like the price should have gone up way more than it has. Someone should try this idea again but change it slightly.

Bootsize17

newbie

Activity: 47

Merit: 0

Quote from: Cor2 on July 18, 2015, 12:37:28 AM

Quote from: Bootsize17 on July 17, 2015, 08:37:10 PM

Quote from: Cor2 on July 16, 2015, 06:54:33 PM

Aaaaand we're moving again (after almost a day without no blocks)
It appears that the first staked block (nr 72171) received 2.54 GAM
I thought the max was 2.5???
Anyway happy to see progress again!

I've downloaded the new wallet and have deleted the peers.dat file, seems to be continuosly syncing with the networking; showing 341 blocks remaining. Tried a repair wallet, no change. Any suggestions ?

That sounds like you are stuck at block 72177 which is the last block of V1.0.0.0
so I suspect that the new wallet you downloaded is *not* the v1.1
Remember that for a short while there was a v1.0.1 which was an attempt to speed up the network
without mandatory update, but it was not enough so it has been removed and now only V1.1 will be able
to participate in the network.
Please download fresh from the latest announcement and make sure that the wallet you are running
shows Version 1.1.0.0 when you go to Help -> About Gambit

Thank you for the reply. I was on the correct version. I deleted everything (except the wallet.dat) from the APPDATA folder, and restarted the wallet, and all is good now.

Cor2

hero member

Activity: 595

Merit: 500

Quote from: Bootsize17 on July 17, 2015, 08:37:10 PM

Quote from: Cor2 on July 16, 2015, 06:54:33 PM

Aaaaand we're moving again (after almost a day without no blocks)
It appears that the first staked block (nr 72171) received 2.54 GAM
I thought the max was 2.5???
Anyway happy to see progress again!

I've downloaded the new wallet and have deleted the peers.dat file, seems to be continuosly syncing with the networking; showing 341 blocks remaining. Tried a repair wallet, no change. Any suggestions ?

That sounds like you are stuck at block 72177 which is the last block of V1.0.0.0
so I suspect that the new wallet you downloaded is *not* the v1.1
Remember that for a short while there was a v1.0.1 which was an attempt to speed up the network
without mandatory update, but it was not enough so it has been removed and now only V1.1 will be able
to participate in the network.
Please download fresh from the latest announcement and make sure that the wallet you are running
shows Version 1.1.0.0 when you go to Help -> About Gambit

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