Topic: ROM FUND - ROM Pooled Buying & Pooled Profit Distribution - Let's Make a Whale!! (Read 2521 times)

If you took the fund and used it to pump the YOVI wall every day, all the people who were participating in the fund would be able to make good profits by buying and selling the YOVI independently.

For example I buy 100 Yovi, and join this fund, I know that the Yovi I bought will sell, it is just a matter of when I want to sell this set off to cash in some profits. because I know that the wall is going to get cycled it removes the risk and the wait.

There are two Problems:

Problem 1.

Once you start buying the Yovi with the fund you will always have a large part of that fund locked in the coin. the fund works as long as you want to cycle the coin, but as soon as you want to stop, you again will have to wait on buyers and run into the same issues that the Yovi are having right now.... as soon as the cycle stops there won't be as much traffic, and the coin will go stagnant again.

The real question is, can you make enough coin cycling to still turn a profit if you consider the initial investment to be more like a purchase?

You buy in to the cycle machine and it runs forever. Then you have to do your own Yovi Trading.

Problem 2.

The lowest price you can set for a Yovi sale right now is 0.00008730 the price is currently 0.00002430. That means this fund is going to have to be at least 63 BTC before you even reach the first level where you can start to buy your BTC back out of the Yovi.

If you wanted to do this, you would have to wait till a new ROM came out, and start it up early in order to keep the initial start up costs down.






That would not help the fund. The fund has to be in Btc so that it can be used to buy Yovi straight from the exchange. That is the key. Because of the way the Yovi is built, you need to have a high volume of purchases from the exchange, or the fund won't work at all. You would probably want to keep at least half of it in BTC at all times to buy the other half back from the wall. Spread across at least 2 accounts because I don't think that you can buy from yourself.

Why are there no other markets for this coin? It has a wallet so why doesn't someone make it so we can trade outside of the ROM so the price can be whatever?

You should buy some YOVI from other people. They are selling at 400 and even 390 sats. You can build up your portfolio and help others.

https://bitcointalksearch.org/topic/m.11969313

Regarding WEALTH

I do not think it would be fair to launch the ROMFUND with this coin. Looking into perhaps launching with the next ROM coin or launching a similar coin with some additional benefits to investors. It is unclear with both WEALTH and YOVI how many coins the Devs actually hold.

Researching!

For those looking to sell we could create something similar. But both would need to hold enough buying or selling power. Yovi also has a larger coin amount and the majority of yovi holders would need to contribute to the fund.

Is this only for people who want to buy in or can sellers participate here?

I am holding YOVI so want to know if that would help with this fund?

For the Rom Market to success only under one scenario everyone believes it and keep buying for it to work. but, pooled investment can be easily get stuck with the bag if you are the only one believe in it.

I agree with it being disadvantageous for new buyers, again something i am trying to change by offering a pooled investment option.
Your making great points, but i still believe a pooled investment can work!

ROM market It is a failed concept. It is like an constant  inflation on short time.  You can arbitrarily change max. inflation reducing it to a lower point  on a cycle arbitrary and completely disadvantageous for new buyers.
 

What's the most fair scenario... a suggestion i have is extending the rules of limits of sell amounts to purchase amounts. Also small coin amounts are needed for ROM markets. I think with my first suggestion, if implemented, anything like a ROMFUND would not work due to purchase limits. I can't see ROM markets disappearing anytime soon and i believe a pooled fund is a good way right now to invest and earn from these types of coins.


edited

Most fair scenario can be achieved.      Wich is it?

I could see ROM rules changing until the perfect and most fair scenario can be achieved. The goal of this pool is to achieve the same but on a smaller scale i hope.

With 100 btc you can pump very high, But then investors will have a number of yobit fixed but then when they need sell nobody will buy its because very high price,So finally investors will loose 100 btc. It is look a ponzi scheme.. If you buy 100 BTC of yobit you must hold those until someone to decide invest a qty > 100 btc to buy yours, And so on.

I guess we will see sooner or later when people start buying and people start gaining money from it .

Why it would be impossible 1BTC/Yobit? You don't have to pump every BTC in yobit to reach that price. Study a little a ROM market and then you will understand that it is possible. And as i said it needs less than 100BTC

Is there any block explorer to yobit?  Which is supply just now?  Estimated money supply to yobit is: 22.83m it is  larger that BTC supply therefore  1 yobit = 1 BTC  is impossible.

Besides there is not a good reason to peoples sell BTC to buy yobit to high prices. Not even at market prices of  2400 sat. aproximately.

Will you be saying this when yovi will reach 1BTC too? Sooner or later, with or without this pool i will make it happen and it does not needs more than 100BTC investment. Or if i won't it will do someone else with bigger liquidity.

Really is not a good idea. Rom markets are bad idea too.

Indeed many investors are needed or a good and trustful coworking, that's the hardest part to achieve but i believe that once it gets in the right hands ROM markets can give real surprises

there is a chance for this to work since this rom has low total supply but still many investors in your plan needed