GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 1380.

Paul Revere

sr. member

Activity: 406

Merit: 260

The Scamcoats are coming!

Quote from: dave01 on February 16, 2015, 05:11:14 PM

Liquidity cannot be determined yet as it is not finished yet
Have i answered your simple question yet?
This is correct?

You are, as usual, incorrect. Bigtime. The liquidity can easily be derived by examining the Buy Bids on the exchanges using "math". Bitcoin Wisdom has a pretty good setup to do exactly that in real time. Here i have circled what a small merchant exchanging ~$10,000 worth of XPY from a day's sales would do to the XPY price right now. It would make it dive to .0021. That is about 40% lower than it is right now, in case these "numbers" confuse you. Then the price might recover a bit until the next day when the merchant dumped the day's take of XPY again, and the effect would be even worse, spiraling downwards each day until the price was into the Satoshis in a pretty short period of time. In reality, the merchant would quit accepting Paycoin once they found out that they would get shafted 25%-30% on their revenue every day. The fact is that even a small (~$10k/day) merchant accepting XPY would completely destroy the price of XPY in a matter of days.

DaveWave

sr. member

Activity: 806

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: dave01 on February 16, 2015, 05:22:07 PM

Brilliant
How the fuck did you com e up with that

I've got a brain Dave.

dave01

sr. member

Activity: 258

Merit: 250

Quote from: DaveWave on February 16, 2015, 05:19:50 PM

Quote from: dave01 on February 16, 2015, 04:54:05 PM

Acceptance is everything.........Why did bitcoin go up?
1 plus 2 =3
2 plus 2 =4
Paycoin will be faster better smarter......When its finished evolving
Wots bitcoin got now?

You will retort with false truths

Why did the price fall from $20 to just over $1 today Dave when the loyalty programme is just about to start?

1 plus 2 =3
2 plus 2 =4

I think your're correct, people are beginning to accept it's a scam.

Brilliant
How the fuck did you com e up with that

DaveWave

sr. member

Activity: 806

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: dave01 on February 16, 2015, 04:54:05 PM

Acceptance is everything.........Why did bitcoin go up?
1 plus 2 =3
2 plus 2 =4
Paycoin will be faster better smarter......When its finished evolving
Wots bitcoin got now?

You will retort with false truths

Why did the price fall from $20 to just over $1 today Dave when the loyalty programme is just about to start?

1 plus 2 =3
2 plus 2 =4

I think your're correct, people are beginning to accept it's a scam.

dave01

sr. member

Activity: 258

Merit: 250

Quote from: Paul Revere on February 16, 2015, 05:06:26 PM

Quote from: bumpershot on February 16, 2015, 05:00:23 PM

Long term, merchant acceptance raises the price because consumers want cash-on-hand to buy things right away. I keep some BTC around simply because it makes checking out easier.

You need more than just one or two merchants for that to make sense, though, unless you can get some big auction site or something else that demands urgency regularly.

This is correct. What is important is that the currency has enough liquidity to absorb the merchant dumps every day. This is in fact one of the things Bitcoin price is struggling with right now. As you say, at some point the effect of having lots of people holding small amounts over what they intend to spend will help buoy the price. Exactly where that ratio of hold to spend is that will stabilize BTC price is yet to be determined. In the case of XPY, there is not enough liquidity (Buy Bid Depth) to support a $1,000/day merchant without making the price tank. That is not even getting into the fact that Josh&Co do NOT WANT merchants competing for the meager Buy Bids they are dumping into every day. Dumping the endless supply of XPY they have is the entire reason for this scam.

Liquidity cannot be determined yet as it is not finished yet
Have i answered your simple question yet?
This is correct?

Paul Revere

sr. member

Activity: 406

Merit: 260

The Scamcoats are coming!

Quote from: bumpershot on February 16, 2015, 05:00:23 PM

Long term, merchant acceptance raises the price because consumers want cash-on-hand to buy things right away. I keep some BTC around simply because it makes checking out easier.

You need more than just one or two merchants for that to make sense, though, unless you can get some big auction site or something else that demands urgency regularly.

This is correct. What is important is that the currency has enough liquidity to absorb the merchant dumps every day. This is in fact one of the things Bitcoin price is struggling with right now. As you say, at some point the effect of having lots of people holding small amounts over what they intend to spend will help buoy the price. Exactly where that ratio of hold to spend is that will stabilize BTC price is yet to be determined. In the case of XPY, there is not enough liquidity (Buy Bid Depth) to support a $1,000/day merchant without making the price tank. That is not even getting into the fact that Josh&Co do NOT WANT merchants competing for the meager Buy Bids they are dumping into every day. Dumping the endless supply of XPY they have is the entire reason for this scam. It is also the primary income for GAW now. The only other income is selling off miners, and that is meager and will soon run out. At that point dumping XPY will in fact be their only revenue source.

dave01

sr. member

Activity: 258

Merit: 250

Quote from: bumpershot on February 16, 2015, 05:00:23 PM

Long term, merchant acceptance raises the price because consumers want cash-on-hand to buy things right away. I keep some BTC around simply because it makes checking out easier.

You need more than just one or two merchants for that to make sense, though, unless you can get some big auction site or something else that demands urgency regularly.

Good man Good man
You have proved yourself worthy

not.you

legendary

Activity: 1726

Merit: 1018

Quote from: CloakT on February 16, 2015, 04:09:03 PM

Quote from: jimmothy on February 16, 2015, 03:56:09 PM

Quote from: paycum on February 16, 2015, 03:50:21 PM

Secondly there is almost nobody who purchases anything with btc yet.

Are you the CEO of bitcoin?

If not, I'm not sure how you could know this.

I bought myself a xbox one with BTC for Christmas

I've spent thousands of dollars in BTC. Admittedly most of it on Bitcoin and Scrypt miners but I have also spent at least $2k on stuff from over stock (Some furniture and appliances) and computer gear at newegg. That's just one person. And I still have BTC which I assume I will continue to spend over time.

dave01

sr. member

Activity: 258

Merit: 250

Quote from: Paul Revere on February 16, 2015, 04:59:05 PM

I am not asking about that slow, old, dinosaur Bitcoin, Dave.

I asked how merchant acceptance will make XPY rise? Are you even going to attempt to answer this simple question?

RETAR...RD

bumpershot

hero member

Activity: 532

Merit: 500

Long term, merchant acceptance raises the price because consumers want cash-on-hand to buy things right away. I keep some BTC around simply because it makes checking out easier.

You need more than just one or two merchants for that to make sense, though, unless you can get some big auction site or something else that demands urgency regularly.

Paul Revere

sr. member

Activity: 406

Merit: 260

The Scamcoats are coming!

I am not asking about that slow, old, dinosaur Bitcoin, Dave.

I asked how merchant acceptance will make XPY rise? Are you even going to attempt to answer this simple question?

paycum

sr. member

Activity: 518

Merit: 250

Quote from: coinmaster222 on February 16, 2015, 04:46:50 PM

Anyone know why we had a quick jump in xpy price earlier today?? Did we get another promise

Nope not sure, seems sell power has decreased for now...lets see what happens in the next days..

dave01

sr. member

Activity: 258

Merit: 250

Quote from: Paul Revere on February 16, 2015, 04:45:42 PM

If you already answered why merchants accepting XPY will raise the price, could you please point out where, Dave? I have read all of the posts here today and I am certain you did not even attempt to answer this simple question.

P.S: I have had Dave ignored for a long time, but sometimes he just insists on being a punching bag. Cheesy

Acceptance is everything.........Why did bitcoin go up?
1 plus 2 =3
2 plus 2 =4
Paycoin will be faster better smarter......When its finished evolving
Wots bitcoin got now?

You will retort with false truths

Paul Revere

sr. member

Activity: 406

Merit: 260

The Scamcoats are coming!

Quote from: coinits on February 16, 2015, 04:47:01 PM

Quote from: Paul Revere on February 16, 2015, 04:45:42 PM

If you already answered why merchants accepting XPY will raise the price, could you please point out where, Dave? I have read all of the posts here today and I am certain you did not even attempt to answer this simple question.

He didn't. He is trolling you.

Ya, I know. Wink

Repeating such a simple question several times and making it plainly clear to even the stupidest person that it is complete bullshit to think that merchant acceptance will suddenly make the price rise might just wake up some of the HTr's who browse this forum though.

coinits

legendary

Activity: 1582

Merit: 1019

011110000110110101110010

Quote from: Paul Revere on February 16, 2015, 04:45:42 PM

If you already answered why merchants accepting XPY will raise the price, could you please point out where, Dave? I have read all of the posts here today and I am certain you did not even attempt to answer this simple question.

He didn't. He is trolling you.

coinmaster222

hero member

Activity: 756

Merit: 500

Anyone know why we had a quick jump in xpy price earlier today?? Did we get another promise

Paul Revere

sr. member

Activity: 406

Merit: 260

The Scamcoats are coming!

If you already answered why merchants accepting XPY will raise the price, could you please point out where, Dave? I have read all of the posts here today and I am certain you did not even attempt to answer this simple question.

P.S: I have had Dave ignored for a long time, but sometimes he just insists on being a punching bag. Cheesy

coinits

legendary

Activity: 1582

Merit: 1019

011110000110110101110010

Quote from: Paul Revere on February 16, 2015, 04:41:40 PM

Hey, Dave, are you going to answer how merchants accepting XPY will make the price rise? Or, is Dave not here? Cheesy

Set your phasers to ignore.

dave01

sr. member

Activity: 258

Merit: 250

Quote from: Paul Revere on February 16, 2015, 04:41:40 PM

Hey, Dave, are you going to answer how merchants accepting XPY will make the price rise? Or, is Dave not here? Cheesy

Already answered
You are retarded

Paul Revere

sr. member

Activity: 406

Merit: 260

The Scamcoats are coming!

Hey, Dave, are you going to answer how merchants accepting XPY will make the price rise? Or, is Dave not here? Cheesy

Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 1380. (Read 3377922 times)