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Showing 20 of 65 results by mfgex
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Board Trading Discussion
Re: Coinbase + Chase (USD Withdrawals)
by
mfgex
on 18/12/2017, 23:58:37 UTC
I have experience withdraw usd straight from my bank account, and also from my chase debit card. Everything goes without issue.

The only difference is the timeframe of funding. from bank account = 7 days. From debit = instant

to be clear, I am talking about withdrawing TO a bank account, not FROM it.  Meaning OUT of coinbase and into Chase.  is that what you meant?  if so, do you mind divulging roughly how much it was?   $100? $1,000? $10,000?

thanks.
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Topic
Board Trading Discussion
Re: Coinbase + Chase (USD Withdrawals)
by
mfgex
on 16/12/2017, 16:52:38 UTC
anyone have experience first hand?
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Topic
Board Trading Discussion
Coinbase + Chase (USD Withdrawals)
by
mfgex
on 12/12/2017, 20:39:12 UTC
Wondering if anyone has recently attempted to withdraw from a Coinbase USD account to Chase bank account.  I know in the past this could trigger a shutdown of your bank account, but things are changing rapidly, and I would like to know if anyone has done so successfully or unsuccessfully in the past few days/weeks/months. 

Thanks.
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Topic
Board Tokens (Altcoins)
Re: 🌟🌟🚀📈[ANN-ICO]ATLANT Real Estate Platform|🔥🔥ICO ENDS in 1 DAY🔥🔥 📈🚀🌟🌟
by
mfgex
on 01/11/2017, 15:27:02 UTC
This project has already collected more than $ 6 million and it is not surprising, because the marketing worked perfectly. Besides, Atlant has its own exchange as I have recognized.
Indeed, have a look: https://trade.atlant.io

And today there are trades on Etherdelta, the price is around 0.001270000 ATL/ETH. Total supply is 54,175,040.6777 ATL, the rest burned.

Where did you get this 54 million number?  

Is that the official one?  Or is it much less?

Here is what I was able to come up with.  Initially 150 million.

103,548,812 tokens offered during the ICO.  I guess roughly about 12 million were sold?  The rest will be burned.

5,201,188 were sold in a presale.

41.8 million to the team/advisors/board/bounty.  Of this I don't know how much was allotted for the bounty program because I did not participate.

token tracker lists 54M.

https://etherscan.io/token/0x78b7fada55a64dd895d8c8c35779dd8b67fa8a05

The "team" appear to have not burned any of the tokens assigned to them, despite my recommendation.  So the entirety of the ICO (let's call it ~$8M) was spent on roughly 13M tokens.  So the remaining 42M instantly dilutes the token value by a factor of 4.

Do you hate money, devs?  Don't you understand that had you burned 75% of your tokens (whose original quantity was a legacy of an over-ambitious initial goal of 100M ANYWAY), ATLANT would probably be worth two to three times what it is right now, with hype to grow?  You shot yourselves in the foot out of greed.  There is still hope, if you bother to make an announcement that you will be burning an *enormous* chunk of your initial tokens.  You will MAKE money by doing this, not lose it.  You should have burned your own tokens in proportion to what was not sold.  It's ridiculous that anyone should have to explain that.

Good luck.

-One irate investor
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Topic
Board Project Development
Re: Decentralized Youtube
by
mfgex
on 31/10/2017, 17:48:00 UTC
Viewly is doing this, I believe.
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Topic
Board Announcements (Altcoins)
Re: [ANN][TRIG] TRIG Token - Blocksafe Foundation
by
mfgex
on 25/10/2017, 13:53:12 UTC
TRIG has huge volume today.  is this because of their attendance in Chicago tomorrow?
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Topic
Board Altcoin Discussion
Re: Somebody should make a movie about Satoshi
by
mfgex
on 20/10/2017, 21:19:24 UTC
10/10 would watch.

Although i picture Satoshi as more of a shiny red & chrome Vespa kind of a guy.  Classy but Humble Wink
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Topic
Board Altcoin Discussion
Re: Bitconnect should be a Ponzi scheme but why does it raise so much?
by
mfgex
on 19/10/2017, 14:04:58 UTC
textbook ponzi scheme. this will be a huge news story when it collapses, and will probably damage crypto as a whole with severe over-regulation that comes after. people at the top of the "uplines" should get serious punishment.
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Topic
Board Announcements (Altcoins)
Re: [ANN] Viewly ∙ A decentralized YouTube
by
mfgex
on 15/10/2017, 19:33:27 UTC
Good concept.  YouTube has begun a serious censorship campaign the last few months by way of de-monetizing any content it (or its bots) deems inappropriate.   Ad revenue for many YouTubers has plummeted, and many are in desperate need of an alternative means to get their content out there with the possibility of making money.  I hope Viewly can live up to the need it has the enormous potential to fill.
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Topic
Board Announcements (Altcoins)
Re: ARK - Blockchains Interoperability with SmartBridge 🔹 ARK on BiTTREX 🔹
by
mfgex
on 03/10/2017, 14:39:26 UTC
is ARK slack sending out fake spam ethereum wallet (MEW) notifications to steal peoples' mnemonic phrases?
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Topic
Board Announcements (Altcoins)
Re: Not buying: ICON (ICX):Why? Bancor formula sucks for investors, price cant go up
by
mfgex
on 01/10/2017, 05:24:10 UTC
Bancor's problem wasn't price stabilization; it was the fact it raised $150m in the ICO.  There was nowhere for it to go but down.
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Topic
Board Tokens (Altcoins)
Re: 🌟🌟🚀📈[ANN-ICO]ATLANT Real Estate Platform/Presale raised over $1,5mln📈🚀🌟🌟
by
mfgex
on 15/09/2017, 01:46:38 UTC
lets do some math:

total tokens: 150M (~$100,000,000 - which is fucking laughable for an ICO.  you should be raising 1/10th of this)
total ICO: 103.5M
total presale: 5.2M ($1.5m)
current ICO, after 5.5 days: 3.4M ($2.0m)

current MKT cap: $3.5M
current tokens: 8.6M

current token value: $3.5/8.6 = $0.40 ea.

presale token cost: $1.5/5.2 = $0.288 ea.
current ICO token cost: $2.0/3.4 = $0.588 ea.
final ICO token cost: ~$100/150 = $0.67

do you see why nobody is investing?  you have aimed too high.  you will not raise $100m.  burn 50% of your tokens immediately (including those held for yourselves)

Thank you for the calculations. I also invested, but am worried a bit because of the numbers. I'd like to add a bit to the math:

Only the unsold coins meant for the ICO will be burned, none of those meant for the team or the bounty programm! This means there will be 22.5M tokens for the team, 19M tokens for the bounty programm, and only 8.5M held due to pre-sale and ICO (gives you a total of 50M). If ICO doesn't raise significantly more, which it only will if some changes are made, these are the numbers. Sure, the individual percentage of tokens held rises, but the percentage for all buyers is lowered.

 So, current token value: $3.5M/50M  = $0.07 ea.
 final token value (if al tokens were sold): $50M/150M = $ 0.33 ea.
During ICO one has to pay almost ten fold.

Other ICOs (real estate type too) calculate the team share as a percentage of the sold tokens. As mfgex correctly statet, you'll have to burn the same percentage of team tokens, ICO tokens and bounty tokens in order for sale contributors not having to pay everything but only be getting 20% of the tokens, not 69% as you state on the website. That number is only true if all 100M were sold. Other ICOs fix the percentage held by buyers at at least 50%. Sorry, team and bounty people, but I'm sure you'll see the injustice towards investors, if only they lose token percentage.

Unfortunately this way the ICO is mathematically simply unattractive. One can expect the token value to drop by a factor of ten once the tokens are on the exchange and basically feel how ones investment is simply drained towards the team members.


I'm new to the forum and hope not to be judged solely because of that. Only sharing my thoughts in a civil manner. Hope the project still makes it, despite an unfair situation for ICO investors.

EXTREMELY important point.  thank you for adding that.  If you burn only ICO tokens, then the team holds the bulk of the tokens, which they didn't pay for.  That is an important distinction: the market cap is thus artificially "inflated" by the amount a minority of people paid.  Remember when Gnosis was valued at $300M, based on an ICO for ~12% of total tokens?  Now look at it.

Please understand my criticism is intended to be constructive. By being less greedy, you will in fact make more money, and so will everyone else.
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Topic
Board Tokens (Altcoins)
Re: 🌟🌟🚀📈[ANN-ICO]ATLANT Real Estate Platform/Presale raised over $1,5mln📈🚀🌟🌟
by
mfgex
on 12/09/2017, 19:18:44 UTC
The reason the cap is large is because we are aiming to fix a global issue. We can start fixing it wirth one street or with one continent, or anything in between.

Obviously the funds required to reinvent the way real estate is transacted is well north of our cap, yet our goals are ambitions enough to do just that.

I didn't yet check your math, but it is largely irrelevant.  The reason is that we have declared from the very start that we will burn any unsold tokens. Because of this anyone who participates should benifit from an anti dilutive effect.

Burning unsold tokens is frankly your only option.  You need to let the marketplace decide the value of ATLANT, and not try to artificially inflate it.  Look at the example set by Civic (yes different application, but they got their ICO right).  $33M hard cap at ICO, which created the demand to send it flying to $141M today.  If they had been greedy and gone for $100M, it's entirely possible they would be worth LESS than that today.  It suits you long term to create more demand via cheaper tokens & a smaller cap. 

The math is not irrelevant - you are asking people to purchase at an instant loss on the prospect that a $100M market cap has room to grow.

But burning the unsold tokens is a good thing and could balance out this problem.
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Topic
Board Tokens (Altcoins)
Re: 🌟🌟🚀📈[ANN-ICO]ATLANT Real Estate Platform/Presale raised over $1,5mln📈🚀🌟🌟
by
mfgex
on 12/09/2017, 14:49:35 UTC
lets do some math:

total tokens: 150M (~$100,000,000 - which is fucking laughable for an ICO.  you should be raising 1/10th of this)
total ICO: 103.5M
total presale: 5.2M ($1.5m)
current ICO, after 5.5 days: 3.4M ($2.0m)

current MKT cap: $3.5M
current tokens: 8.6M

current token value: $3.5/8.6 = $0.40 ea.

presale token cost: $1.5/5.2 = $0.288 ea.
current ICO token cost: $2.0/3.4 = $0.588 ea.
final ICO token cost: ~$100/150 = $0.67

do you see why nobody is investing?  you have aimed too high.  you will not raise $100m.  burn 50% of your tokens immediately (including those held for yourselves)
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Topic
Board Announcements (Altcoins)
Re: RISE | 1 Million RISE Give-Away | Delegate Contest
by
mfgex
on 24/08/2017, 00:14:52 UTC
is there a daily/weekly rise calculator available for each delegate?

thanks!
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Topic
Board Altcoin Discussion
Re: Why is ARK still under the radar?
by
mfgex
on 23/08/2017, 17:30:30 UTC
I heard you can take dinosaurs with ark. Can anyone confirm?

they should incorporate Ark into the game  Grin
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Topic
Board Tokens (Altcoins)
Re: 🌟🌟🚀📈[ANN-ICO]ATLANT Real Estate Platform/Presale raised over $1,5mln📈🚀🌟🌟
by
mfgex
on 22/08/2017, 21:53:24 UTC
Hello.  I was camping & missed the pre-sale.  Hoping someone here is willing to exchange ATP for ETH (possibly other ERC-20 tokens) at or near the pre-sale rate.  Please DM me if interested! 

Cheers
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Topic
Board Service Discussion (Altcoins)
Re: Bittrex Unverified User - Be Careful ! 0.025 BTC Withdrawal Limit without Warnin
by
mfgex
on 10/08/2017, 03:14:15 UTC
I have a strong feeling this is because the US government is pressuring every group/company that's working with crypto.  It wouldn't surprise me if Bittrex was approached, shown BTC-e, and highly suggested they begin to limit actions of unverified users if they want to keep operating.  I'm in the US and it's quite frustrating how antagonistic my government is to crypto.

amongst the borderline retarded replies in this thread (for some reason) - I would like to strongly emphasize and re-iterate the sentiment of this comment.  To be abundantly clear, I think this individual has it EXACTLY correct.
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Topic
Board Altcoin Discussion
Re: Tezos: A Self-Amending Crypto-Ledger
by
mfgex
on 05/07/2017, 18:11:51 UTC
Does anybody else have the same feeling that because this ICO is so huge ($180M invested at the moment) and has no cap, it will be much efficient to wait until it reaches the exchanges and buy in dump due to newbie panic sell at the start for maybe a half price compared in ICO?  Cool

without a doubt, yes.  you may be able to get this one for a 50% discount if you're patient.
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Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] FunFair - disruptive online gaming & casino platform
by
mfgex
on 02/07/2017, 20:04:56 UTC
any word on getting listed on other exchanges?  hoping to see this on bittrex soon Smiley