[OFFICIAL] mcxNOW Final Investment Round. 6700BTC already invested - page 2.

bidji29

sr. member

Activity: 392

Merit: 250

Quote from: yomamanodros on November 01, 2013, 05:05:33 PM

Quote from: bidji29 on November 01, 2013, 04:21:53 PM

the 14% yield is not based on 5 days but on 30 days

Whether it is 5 like he said it was in the original post or 30, it is flat out not enough data to make a projection for the year.

It's 30 days. I'm writing the GoogleDoc ( https://docs.google.com/spreadsheet/ccc?key=0AioqMMSVIC5tdFplWndsdmZuaGxyN01xemxtNWYxVGc#gid=0 )
The mcxFEE exist since less than 2 month so it's hard to do better estimation. You do with what you have.
But the October month was not particularly extraordinary, i don't see why the performance could not been reproduce in November.

The estimation is probably lower than the reality because Gaming will come in November on the site.

yomamanodros

member

Activity: 91

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“Create Your Decentralized Life”

Quote from: bidji29 on November 01, 2013, 04:21:53 PM

the 14% yield is not based on 5 days but on 30 days

Whether it is 5 like he said it was in the original post or 30, it is flat out not enough data to make a projection for the year.

claycoins

hero member

Activity: 518

Merit: 500

I can't find any mention of how long these are on sale for or when the market reopens.

bidji29

sr. member

Activity: 392

Merit: 250

the 14% yield is not based on 5 days but on 30 days

btbrae

hero member

Activity: 680

Merit: 500

Don't get me wrong I like mcxnow.com as a site and all the features seem to work but something about this fee share thing and a general vibe I get from the owner in chat makes me uneasy. Is it just me?

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: yomamanodros on November 01, 2013, 01:49:18 PM

Quote from: bidji29 on November 01, 2013, 01:30:55 PM

Yeah but we're not in Wall Street, and the risk in crypto is much bigger, so 14% is an ok return but not extremely good.

But the potential growth of the site is huge, so the return could easily double, and even more...

If you claimed a 14% annual yield based on 5 days of data on a real world stock, you would be laughed at. There are other crypto stocks out there that have been yielding much higher than 14% for much more than a few days. They have been doing it for months, and they aren't run by people who have taken their investor's money and disappeared before.

Maybe this is going to be a great deal for investors, we don't know at this point. What we do know is there are plenty of pump and dump artists in the alt coin world. If you are investing more than a few BTC in any company, you should consult someone with real world investing experience and see what they say first.

I noticed very quickly when I started getting into the crypto world that this community is populated by tons of very naive people when it comes to investing. They may have technical knowledge but not investing knowledge. Just be careful, that is all I'm saying.

Specially when 70% of that volume is RS pumping coins to blind people to buy shares based on huge growth, lol.

billym2k

full member

Activity: 126

Merit: 100

Do you invest bitcoins in "other crypto stocks" and they return more bitcoins? Where are these?

yomamanodros

member

Activity: 91

Merit: 10

“Create Your Decentralized Life”

Quote from: bidji29 on November 01, 2013, 01:30:55 PM

Yeah but we're not in Wall Street, and the risk in crypto is much bigger, so 14% is an ok return but not extremely good.

But the potential growth of the site is huge, so the return could easily double, and even more...

If you claimed a 14% annual yield based on 5 days of data on a real world stock, you would be laughed at. There are other crypto stocks out there that have been yielding much higher than 14% for much more than a few days. They have been doing it for months, and they aren't run by people who have taken their investor's money and disappeared before.

Maybe this is going to be a great deal for investors, we don't know at this point. What we do know is there are plenty of pump and dump artists in the alt coin world. If you are investing more than a few BTC in any company, you should consult someone with real world investing experience and see what they say first.

I noticed very quickly when I started getting into the crypto world that this community is populated by tons of very naive people when it comes to investing. They may have technical knowledge but not investing knowledge. Just be careful, that is all I'm saying.

bidji29

sr. member

Activity: 392

Merit: 250

Yeah but we're not in Wall Street, and the risk in crypto is much bigger, so 14% is an ok return but not extremely good.

But the potential growth of the site is huge, so the return could easily double, and even more...

billym2k

full member

Activity: 126

Merit: 100

Great data bidji. If that was a wall street stock, a 14% projected yearly dividend would be ridiculously good. I do hope the exchange continues to grow.

bidji29

sr. member

Activity: 392

Merit: 250

https://docs.google.com/spreadsheet/ccc?key=0AioqMMSVIC5tdFplWndsdmZuaGxyN01xemxtNWYxVGc#gid=0

For mcxFEE data and result.

Schwede65

sr. member

Activity: 309

Merit: 250

Hey OP, please update the numbers at the headline of your thread Wink

8373.2 BTC already invested

lonesoul

sr. member

Activity: 308

Merit: 250

Quote from: dfox101 on November 01, 2013, 02:32:47 AM

Quote from: Duetschpire on November 01, 2013, 02:16:01 AM

Quote from: dfox101 on November 01, 2013, 02:12:50 AM

only a fool will invest in this obvious scam

Can you help us understand how it is a scam? Throwing a scam accusation for the sake of it ain't gonna earn you any credibility. You might be interested in helping "fools" understand your theory?

Where is the value? with the current trading how long one will get 0.4 BTC back?

You could buy the fee, wait 6 hours, take the income, sell the fee and be up by the income.

This isn't a case of you simply giving 0.4 btc to RS and only receiving the income, you hold the Fee and are able to trade them just like regular alt coins.

I currently have 7 fees and have seen them go above 1 btc each (this was before the recent release of additional fees)

I have been using MCX for a little while now (previously i loved cryptsy) its a pretty good exchange imo but as always in life everything is a gamble, so never spend more than you can afford to lose!

Duetschpire

sr. member

Activity: 368

Merit: 250

bitify.com - Bitcoin Marketplace & Auction site

Quote from: dfox101 on November 01, 2013, 02:32:47 AM

Quote from: Duetschpire on November 01, 2013, 02:16:01 AM

Quote from: dfox101 on November 01, 2013, 02:12:50 AM

only a fool will invest in this obvious scam

Can you help us understand how it is a scam? Throwing a scam accusation for the sake of it ain't gonna earn you any credibility. You might be interested in helping "fools" understand your theory?

Where is the value? with the current trading how long one will get 0.4 BTC back?

That doesn't make it a scam. This makes it a right/poor judgement on whether or not to invest at the current price. A "scam" label makes people think that TheRealSolid is taking the money and running away closing the exchange doors the moment these shares sell. Which in my opinion is never going to happen.

1st, he's already got the money for the shares the moment they're sold. 2nd, he still has 50% of the site's shares, which means, even if the site's revenue doesn't increase a bit, he'll still make himself a sweet $45k/month just by maintaining the exchange.

Please correct me if I'm wrong..

P.S: I own no fee shares whatsoever. I wish I bought at 0.1 though

dfox101

hero member

Activity: 551

Merit: 500

Quote from: Duetschpire on November 01, 2013, 02:16:01 AM

Quote from: dfox101 on November 01, 2013, 02:12:50 AM

only a fool will invest in this obvious scam

Can you help us understand how it is a scam? Throwing a scam accusation for the sake of it ain't gonna earn you any credibility. You might be interested in helping "fools" understand your theory?

Where is the value? with the current trading how long one will get 0.4 BTC back?

Duetschpire

sr. member

Activity: 368

Merit: 250

bitify.com - Bitcoin Marketplace & Auction site

Quote from: dfox101 on November 01, 2013, 02:12:50 AM

only a fool will invest in this obvious scam

Can you help us understand how it is a scam? Throwing a scam accusation for the sake of it ain't gonna earn you any credibility. You might be interested in helping "fools" understand your theory?

dfox101

hero member

Activity: 551

Merit: 500

only a fool will invest in this obvious scam

Duetschpire

sr. member

Activity: 368

Merit: 250

bitify.com - Bitcoin Marketplace & Auction site

reserved

gorgorom

full member

Activity: 238

Merit: 100

Inject Its Venom Into Your Veins

UGH!!!!! If I didnt get scammed every BTC I owned I could buy up theseeee :@ Fucksakes why do people with no morals and poor excuse for humans get to thrive?

yomamanodros

member

Activity: 91

Merit: 10

“Create Your Decentralized Life”

It's good to know that you didn't make the rookie investing mistake of basing your long term dividend projections on short term results. Five days in the bitcoin world is like a full year in the real world, don't let anyone tell you differently!

Topic: [OFFICIAL] mcxNOW Final Investment Round. 6700BTC already invested - page 2. (Read 4356 times)