Topic: [Moderated] [ANN][URO] First Urea Commodity Token: 1 Uro = 1 Metric Tonne Urea - page 148. (Read 227157 times)

The only reason we don't see the order book being bought up is as you say, why disturb the water by jumping in with a splash when you can gracefully swim through it?

If we do see a massive buy up of the order book it will be in a situation like the rumors of Rivaa needing to fulfill a 1 million ton order being true, then they won't have a few weeks to quietly buy supply up but need to fulfill the order as fast as possible by buying as many coins as they can in a short time. This is why playing waves could pinch you, when "the time" comes the buys will be quick so the market doesn't have time to react by cancelling their sell orders and moving them up.

scam coin id say but still we can profit on it ^^

It's trivially easy to stockpile 12,500 uro without moving the price up at all.  Just place small bids, and the continual stream of sellers will fill them.

Buying up the the book would be bad business when people will just sell it to you cheaper.

i hope the ball gets rolling and news comes out that corporations are involved even if they havent "bought the book" before it gets that low

Well we know the corporations aren't using it because when they do start to use it they will buy it up to o.3btc. That is, if there is really urea to buy
with UROcoin. Until corp. buy walls go up, price will go down. My guess is .001 to .002. How low do you think its gonna go?

.02btc buy wall going up! I'm splitting the .02 between a couple positions around .001 and .002.
add some stability to the base

its:
https://www.melotic.com/markets/uro-btc
 

Great to see the Dev. Team pushing the Urocoin forward 

https://www.melotic.com/markets/bc-btc

1/2 sided conversation my answers relating to guglimugli questions in the past hour, sorry to say we are stuck conversing like this... as the moderator views your questions mostly fud related (some are leigitimate questions) and the fact that you dont hold any uro. anyone readin this wil have to infer what the questions were unfortunately.
part1
from IRC
 http://money.cnn.com/2013/07/23/news/economy/commodity-speculation/
 http://www.commonwealthenergygroup.com/trade/facts.html
 looks like banks can charge up to 2% on monthly transactions even for assuring parties who have all the capital necessary to complete transactions
 riva stands to save 150,000 just on the bank sending a letter saying theyre capable of paying

edit looks like 2% is for performance bonds, typical BLC's can cost 1%. so lets say by uring uro just as a starter for saving money by sidestepping banks and their fees they saved 75,000 by not using a bank to send a BCL which would have just said they have the money to be able to make a purchase.  and includes no fees for the actual transaction.

edit also rivaa isnt holding URO, eventually they will pay GES 25000 from the 12500 URO wallets unless the 12,500 was a payment to GES from an exchange wallet where rivaa bought the uro in the first place.  its not like they wouldnt have had this money tied up in fiat with banks if they were making this transaction.  they are saving the price between 4 dollars and 300 dollars (the difference in discount between uro and urea) and theyre also saving around 300k usd as stated in bank and legal fees.  obviously their tax, customs, and delivery fees are normal as they would have been no matter what method was used to pay for the goods

part 2
see edit to my above comment, and who said their trading in btc? the loss will be GES not rivaa.
at current price rivaa needed 166 bitcoin to buy 25000 uro at around $4.00, they send this to GES and get the urea FOB and pay for delivery tax customs fees etc as usual.
they save 7.3 million on the cost of goods, and an additional $300 in bank fees while remaining liable for the fees for moving a good from one country to another and the costs associated with that.

so GES recieves 100,000 USD worth of uro coins at current price and are out 7.3 million based on this being a transaction of 25000 metric tons of urea.  As GES doesnt care for now and can hold because this is a 10 YEAR PLAN. they will not realise the loss until they sell the coins at a loss (asuming they rip of rivaa and scam us) which would be a net loss of 100,000 for rivaa who took a gamble on this and risked 100,000 to gain potentially 7.3 million worth of sellable product. or they deliver and market confidence rises to a point where were all happily trading this for ~300 a coin at which case they unload at their leisure.

part 3
im not sure the legality of it but would like to point out worldwide corporation Dell just started accepting bitcoin yesterday and they sell within hong kong and india. therefore anyone in those 2 areas could exchange at least bitcoin cryptocurrency for goods from Dell

part 4
also what i meant was rivaa isnt holding uro long term

part 5


out of context

9:52 PM i think the idea is to deal in URO, no?
9:52 PM <•buneko_afk> I will try to convince the importers to pay in BTC
9:52 PM <•buneko_afk> Yes, we amass 12500 UROs
9:52 PM <•buneko_afk> And they buy the bulk in BTC

this refers to community effort to get some companies aside from rivaa and outside of india acclimated to the idea of using uro to buy their urea. in this case the community effort would pool 12500 uro and the importers would pay the community in BTC instead of sourcing it from an exchange.  the feeling of this has actually morphed as it doesnt matter if we pool the uro or they get it form exchange, as long as these transactions begin to happen and more people welcome the idea the community as a whole will benefit

part 6
anyone who says pay in btc would be forced to buy urea at face value from someone who was accepting bitcoin for their goods.

part 7
i dont know if this was another conversation or the one from uro_importing where the last quotes were from.  forced is the wrong word and all i mean by it is that if you find an importer who will accept your BTC for urea you will be paying $300 a ton. if the community puts together 12500 uro and says to a company they can pay $100 a metric ton for urea buy these uro from us, it might happen. but its kind of a ripoff when if we allow it to develop naturally the company could buy bitcoin, exchange for uro, and then do the uro > urea transfer as stated in the uro protocol.

Aww you are stumped! You can't do it, can you!? I wonder why...

I say we create 2 more threads about uro... Supporter of URO and Non Supporter of URO.  positive circlejerk in one thread, scam accusations in the other.  fell free to read both to make your decisions.  This thread currently is worthless I've tried to offer some input and opinions, and overall I do have a hopeful feeling about URO (based on preconceptions nothing recent).  I feel once the players URO is tailored to be used by join nothing we say will have mattered here.  Of course my hopeful position is skewed by the fact that i hold some uro and would like it to work out as planned. 

All I see is Guglimugli this, Guglimugli that. This person doesn't even own any of the coin and he is here non-stop acting like he is some voice of the community. Really annoying. Anybody looking at your post history will see it is obvious you were made solely to troll this coin. And you go about it in a manner where you try to seem like a sincere outsider evaluating the coin and the community when in fact you are just a troll, trying to frame the coin, the community, everything in a bad light by aggravating everybody and then resorting to the ad hominem. You're a real piece of work, I wonder who made you. Maybe your creator would like to come on here and speak his mind for himself? Surely your main account would hold more sway, nobody listens to sock-puppet accounts created solely for the purpose of attacking a single coin in particular. Or is your main account one of the ones (the only one) already coming here to bring down the coin (Chang)?

you actually blame us on trading value of URO? wow, i thought its a strong community.
New traders might read some posts here and they will make their own decision. It's up to you how you represent the coin.

isnt that the point of this coin? are you saying that would never happen? or just that its not currently happening. (replace bittrex with any exchange including itself)

he really does. he he

Mining still profitable?

Do you honestly believe corporations are buying btc,  transferring to bittrex, setting up buy walls to gain uro, and then trading for urea at a fraction of the cost?

u only registered on 5/27/2014. now u r an old timer? 

Are those buy walls on bittrex some of the first corporate buys???

Any newbie account set up on bct just for the sole purpose of trolling here in this thread is not welcome.

Cheers

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