Post
Topic
Board Announcements (Altcoins)
Re: [ANN] QIBUCK COIN - X13 - POS/POBH - 1st Proof of Baghold and asset backed.
by
pseudonymdude
on 13/08/2014, 08:42:15 UTC


Actually they plan to use a lot of the funds for real assets, like that btc atm machine and such. It's not all just for trading.

And I understand perfectly what you are saying. Except they won't have 75 btc + 250K coins. They will have 75 btc + 250K burned coins. We are assuming the valuation will increase at the same percentage of what they just spent ... but that isn't a certainty.

This is the part you're thinking about incorrectly.

Let's say there is only 2 BTC per coin and only 2 coins in scenario 1 and only 3 BTC per coin and only 1 coin in scenario 2.  In both scenarios, assume buy-in price was 2 BTC per coin.

Scenario one.

100% total gain

They double their 4 BTC to 8 BTC.  Each coin gets paid 4 BTC.  Starting price was 2 BTC.  Profit is 4 -2 = 2 per coin.

Scenario two.

100% total gain

They double their 3 BTC to 6 BTC.  Each coin gets paid 6 BTC.  Starting price was 2 BTC.  Profit is 6 -2 = 4 per coin.

Get it?