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Topic: [PRE-ANN] [VIA] - page 40. (Read 71948 times)

hero member
Activity: 952
Merit: 500
July 15, 2014, 05:37:14 AM
First lesson of crypto read everything twice before blowing off lol

True, true. Kinda jumped the gun on this one. Looking at the chart confused me abit. I usually expect to find everything about a coin within a thread.
hero member
Activity: 714
Merit: 500
July 15, 2014, 05:33:12 AM
First lesson of crypto read everything twice before blowing off lol
sr. member
Activity: 490
Merit: 250
July 15, 2014, 05:31:43 AM
slow close to buying a few but notice the charts and realized this must be the worst investment at the moment. This is similar to hosting a ICO on bittrex or any other exchange for that matter but instead of a fixed price its basically being exchanged freely. So I buy at 3000 sat now and someone else bought it at 500 sat before me basically made me a fucken bagholder. Right when this coin hits bittrex at launch its going to be dumped by the early buyers which I assume invested quite abit at dirt cheap prices. The suckers that bought about above 2k sats are automatically in loss.

Fair launch but unfair ICO. I expect this coin to be dumped hard at launch, nothing new to offer.

This is a newer version of Ultracoin aka ultra fast transactions, with a few fancy images and different wording to make it look like this coin is something different.

Devs could you please upload some pictures of your vacation, its gonna be a fucken blast with a $100k to blow on coke and hookers  Cheesy

lmfao..just frikkin LOL!  Cheesy

Read bro. READ.  Grin

edit: LMAO PondSea as well....LOL had the audacity to tell dev he isn't understanding his own IPO....so much lol
hero member
Activity: 714
Merit: 500
July 15, 2014, 05:29:45 AM
I thought everybody new how this worked. The coins are currently worth 3k sats. if you put .5btc in you will get what i will be getting when they were less than 3 k sats. face palm. if everybody put 1btc in they all get the same amount of coins regardless. The current 3k sats price is the current market cap for the 10mill coins.
Infact you get a better deal now tham i did last week. my coins were worth 500sats last week. if you get in now they are gonma be worth 3k sats.
legendary
Activity: 1428
Merit: 1000
July 15, 2014, 05:25:49 AM
No thats the total ico / 10mill coins = 3ksats atm.

So lets say it sits a 3k sats and it hits bittrex anyone selling below 3k, even people that bought it during the first hour of the ICO will be loosing profit?

No. Let me be completely clear. EVERYONE PAYS THE SAME RATE for viacoins regardless of when it was bought. First day or last hour.

The rate of viacoins is set at the close of the sale by calculating totalbtc/10MM. You get a percentage of 10MM according your YOURBTC/TOTALBTC.

EVERYONE IS EQUAL. The only thing that varies is your percentage of coins according to your bid, but the value of EACH COIN is the SAME.

Sorry for the caps, but this is SUPER IMPORTANT to understand correctly.

I think the only one that isnt understanding might be you. We are all saying the same thing....

Total Confirmed: 305.23210734 BTC
Initial Coin Offering: 10000000 VIA

Average price: 0.00003052 per VIA

Which means RIGHT NOW if you were to end the ICO each VIA would be worth 3052 SATS.

So if you invested 1BTC = 32765 VIA
legendary
Activity: 1064
Merit: 1000
July 15, 2014, 05:22:25 AM
No thats the total ico / 10mill coins = 3ksats atm.

So lets say it sits a 3k sats and it hits bittrex anyone selling below 3k, even people that bought it during the first hour of the ICO will be loosing profit?

No. Let me be completely clear. EVERYONE PAYS THE SAME RATE for viacoins regardless of when it was bought. First day or last hour.

The rate of viacoins is set at the close of the sale by calculating totalbtc/10MM. You get a percentage of 10MM according your YOURBTC/TOTALBTC.

EVERYONE IS EQUAL. The only thing that varies is your percentage of coins according to your bid, but the value of EACH COIN is the SAME.

Sorry for the caps, but this is SUPER IMPORTANT to understand correctly.
sr. member
Activity: 364
Merit: 250
July 15, 2014, 05:19:10 AM
No thats the total ico / 10mill coins = 3ksats atm.

So lets say it sits a 3k sats and it hits bittrex anyone selling below 3k, even people that bought it during the first hour of the ICO will be loosing profit?

Well duh, that's how it goes. But no one will sell below that because they would always lose. Also investments from the first hour need to bring in at least 3000 sat, it's not like they bought for less or something. How hard can it be?
legendary
Activity: 1064
Merit: 1000
July 15, 2014, 05:18:36 AM
No thats the total ico / 10mill coins = 3ksats atm.

So yes... what he said. You are buying 1 coin @ 3000 sats.

No you are not. You have no idea how many coins you are buying or at what price until the end of the presale when it's calculated (as per the graph). Everyone pays the *SAME* rate for viacoins.
hero member
Activity: 952
Merit: 500
July 15, 2014, 05:15:57 AM
No thats the total ico / 10mill coins = 3ksats atm.

So lets say it sits a 3k sats and it hits bittrex anyone selling below 3k, even people that bought it during the first hour of the ICO will be loosing profit?
legendary
Activity: 1428
Merit: 1000
July 15, 2014, 05:13:26 AM
No thats the total ico / 10mill coins = 3ksats atm.

So yes... what he said. You are buying 1 coin @ 3000 sats.
legendary
Activity: 1064
Merit: 1000
July 15, 2014, 05:13:01 AM
So what is the chart for? Its reading that the current price per coin had gone up to 3k sats, so if i buy 1 btc worth of coins I'm buying it a price 3k per coin correct?

Are more people put BTC in, your share of coins goes down and the value of the coins goes up. At the end the price shown *is* your cost price. via price = btctotal/10MM
hero member
Activity: 714
Merit: 500
July 15, 2014, 05:12:46 AM
No thats the total ico / 10mill coins = 3ksats atm.
hero member
Activity: 952
Merit: 500
July 15, 2014, 05:09:33 AM
slow close to buying a few but notice the charts and realized this must be the worst investment at the moment. This is similar to hosting a ICO on bittrex or any other exchange for that matter but instead of a fixed price its basically being exchanged freely. So I buy at 3000 sat now and someone else bought it at 500 sat before me basically made me a fucken bagholder. Right when this coin hits bittrex at launch its going to be dumped by the early buyers which I assume invested quite abit at dirt cheap prices. The suckers that bought about above 2k sats are automatically in loss.

Fair launch but unfair ICO. I expect this coin to be dumped hard at launch, nothing new to offer.

This is a newer version of Ultracoin aka ultra fast transactions, with a few fancy images and different wording to make it look like this coin is something different.

Devs could you please upload some pictures of your vacation, its gonna be a fucken blast with a $100k to blow on coke and hookers  Cheesy

I think you are mistaken about the way the pricing works. You are not buying at a fixed price. The price will be the same for everyone at the close of bidding because you get a percentage of the 10MM coins according to how much BTC you contributed to the pot.

So if the ICO goes to 100BTC and you spent 1BTC, then in the end you get 1% of the coins, and the rate to everyone would be 1000 sats.

So what is the chart for? Its reading that the current price per coin had gone up to 3k sats, so if i buy 1 btc worth of coins I'm buying it a price 3k per coin correct?
hero member
Activity: 714
Merit: 500
July 15, 2014, 05:07:11 AM
slow close to buying a few but notice the charts and realized this must be the worst investment at the moment. This is similar to hosting a ICO on bittrex or any other exchange for that matter but instead of a fixed price its basically being exchanged freely. So I buy at 3000 sat now and someone else bought it at 500 sat before me basically made me a fucken bagholder. Right when this coin hits bittrex at launch its going to be dumped by the early buyers which I assume invested quite abit at dirt cheap prices. The suckers that bought about above 2k sats are automatically in loss.

Fair launch but unfair ICO. I expect this coin to be dumped hard at launch, nothing new to offer.

This is a newer version of Ultracoin aka ultra fast transactions, with a few fancy images and different wording to make it look like this coin is something different.

Devs could you please upload some pictures of your vacation, its gonna be a fucken blast with a $100k to blow on coke and hookers  Cheesy

Incorrect. As far as I know, each investor of the ICO gets a proportional amount of coins according to how much BTC they put in, regardless of when.
+1
legendary
Activity: 1064
Merit: 1000
July 15, 2014, 05:07:00 AM
slow close to buying a few but notice the charts and realized this must be the worst investment at the moment. This is similar to hosting a ICO on bittrex or any other exchange for that matter but instead of a fixed price its basically being exchanged freely. So I buy at 3000 sat now and someone else bought it at 500 sat before me basically made me a fucken bagholder. Right when this coin hits bittrex at launch its going to be dumped by the early buyers which I assume invested quite abit at dirt cheap prices. The suckers that bought about above 2k sats are automatically in loss.

Fair launch but unfair ICO. I expect this coin to be dumped hard at launch, nothing new to offer.

This is a newer version of Ultracoin aka ultra fast transactions, with a few fancy images and different wording to make it look like this coin is something different.

Devs could you please upload some pictures of your vacation, its gonna be a fucken blast with a $100k to blow on coke and hookers  Cheesy

Incorrect. As far as I know, each investor of the ICO gets a proportional amount of coins according to how much BTC they put in, regardless of when.

Crypto_Enthusiast is correct.
legendary
Activity: 1064
Merit: 1000
July 15, 2014, 05:05:50 AM
slow close to buying a few but notice the charts and realized this must be the worst investment at the moment. This is similar to hosting a ICO on bittrex or any other exchange for that matter but instead of a fixed price its basically being exchanged freely. So I buy at 3000 sat now and someone else bought it at 500 sat before me basically made me a fucken bagholder. Right when this coin hits bittrex at launch its going to be dumped by the early buyers which I assume invested quite abit at dirt cheap prices. The suckers that bought about above 2k sats are automatically in loss.

Fair launch but unfair ICO. I expect this coin to be dumped hard at launch, nothing new to offer.

This is a newer version of Ultracoin aka ultra fast transactions, with a few fancy images and different wording to make it look like this coin is something different.

Devs could you please upload some pictures of your vacation, its gonna be a fucken blast with a $100k to blow on coke and hookers  Cheesy

I think you are mistaken about the way the pricing works. You are not buying at a fixed price. The price will be the same for everyone at the close of bidding because you get a percentage of the 10MM coins according to how much BTC you contributed to the pot.

So if the ICO goes to 100BTC and you spent 1BTC, then in the end you get 1% of the coins, and the rate to everyone would be 1000 sats.
hero member
Activity: 714
Merit: 500
July 15, 2014, 05:05:40 AM
wow you you sound silly now. There is 10,000,000 coins distributed between the ico investors. the more goes in the more the 10mill coins are essentially worth. i got in early but i wont get any more coins tha  you if you invested same amount as me.
another case of someone blowing off loads of crap without understanding. read again and then read your comment
sr. member
Activity: 476
Merit: 250
July 15, 2014, 05:04:12 AM
slow close to buying a few but notice the charts and realized this must be the worst investment at the moment. This is similar to hosting a ICO on bittrex or any other exchange for that matter but instead of a fixed price its basically being exchanged freely. So I buy at 3000 sat now and someone else bought it at 500 sat before me basically made me a fucken bagholder. Right when this coin hits bittrex at launch its going to be dumped by the early buyers which I assume invested quite abit at dirt cheap prices. The suckers that bought about above 2k sats are automatically in loss.

Fair launch but unfair ICO. I expect this coin to be dumped hard at launch, nothing new to offer.

This is a newer version of Ultracoin aka ultra fast transactions, with a few fancy images and different wording to make it look like this coin is something different.

Devs could you please upload some pictures of your vacation, its gonna be a fucken blast with a $100k to blow on coke and hookers  Cheesy

Incorrect. As far as I know, each investor of the ICO gets a proportional amount of coins according to how much BTC they put in, regardless of when.
hero member
Activity: 952
Merit: 500
July 15, 2014, 04:55:09 AM
slow close to buying a few but notice the charts and realized this must be the worst investment at the moment. This is similar to hosting a ICO on bittrex or any other exchange for that matter but instead of a fixed price its basically being exchanged freely. So I buy at 3000 sat now and someone else bought it at 500 sat before me basically made me a fucken bagholder. Right when this coin hits bittrex at launch its going to be dumped by the early buyers which I assume invested quite abit at dirt cheap prices. The suckers that bought about above 2k sats are automatically in loss.

Fair launch but unfair ICO. I expect this coin to be dumped hard at launch, nothing new to offer.

This is a newer version of Ultracoin aka ultra fast transactions, with a few fancy images and different wording to make it look like this coin is something different.

Devs could you please upload some pictures of your vacation, its gonna be a fucken blast with a $100k to blow on coke and hookers  Cheesy
hero member
Activity: 714
Merit: 500
July 15, 2014, 04:30:20 AM
Thanks for updating us. looking forward to via release
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