Quote from: dtacken on July 11, 2017, 03:20:54 PM

Quote from: jozegorisek on July 11, 2017, 03:12:03 PM

Quote from: kamenicar on July 11, 2017, 03:04:29 PM

Quote from: jozegorisek on July 11, 2017, 02:57:10 PM

They say that but is it true? Xaurum is selling for 14-16 cents now. That means I could buy 500$ worth of Xaurum at 14 cents and sell it for gold right away at 31 cents making back twice as much? That doesn't make any sense why would the value fall so much if that were true?

Not true. If you buy xaurum for 0,15$ you get 3.333 xaurums. If you change them for gold, you would get 3,39g of gold - that is worth less than 200$

So then it works like a pyramid scheme? You only profit if you get in early or if you play the market?

If you buy 500 USD of Xaurums for 14 cents, you can sell it on exchanges for 31 cents - when the price will come this high of course. You cannot buy at the moment for 31 cents of gold. But that is only currently. With every mint the amount of gold is increasing, so in a few months or years you will be able to sell them for 31 cents in gold. But that also means that price on exchanges would be few usd at that moment. You have a guarantee that you will always get out of your xaurums at least the gold price. And the level of gold is increasing so this level is increasing.

Very good explanation...