I just did a translate of the Chinese version of the text and it says "Large quantities of fixed two million dollars" so it looks like a translation error.
Even then, what if 0.01 XBT is worth $100 someday? It will have seemed foolish to have turned it off so early.
You won't feel nearly as foolish as when you realize how much you would have made if you had just bought and held bitcoins directly.
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BoardScam Accusations
Re: COINBASE IS A BUNCH OF THIEVES.
by
norman
on 13/12/2013, 15:01:16 UTC
I have used coinbase for about 30 buy or sell transactions, starting in April of this year. I've never had a transaction cancelled despite some wild swings in pricing over that time.
1. If I sell my BTCs on Coinbase how long will it take for the money to get back into my bank acct? Will I get the value of $/BTC at the exact time that I sell? Or can I expect any delays or transactions not going through. I'm not planning on selling but I want to be prepared. I hear a lot of complaints about the transaction delays and cancelations in the BTC exchanges which worries me.
2. Does Coinbase allow you to set automatic Buy/Sell orders for when BTC hits a certain price? If not, where can I do this?
Please respond and you will have my blessing. Thanks
You will lock in the sell price and get that exact amount. The last time I sold on coinbase. (20 BTC back when it was in the 140 range - so sad) I had the cash in around 3 days, I think.
It's not a trading platform, so you can't do complex orders. There is, however, an API. I haven't used it, but my understanding is that you could script buying and selling if you really wanted to wait for a specific price to buy/sell.
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BoardSecurities
Re: [CRYPTOSTOCKS] PETAMINE starting with 150 TH/s - Request for Vote
All shareholders at cryptostocks can already prepare and make an account on Havelock with the same email address you used on cryptostocks.
no no no I have Havelock account but registered at *different* mail than cryptostock account. What to do in that case?
Register a second account using your other email address at Havelock to receive the shares, and then transfer them to the account you want to manage them. (look for the "xfr" link next to the asset on your accounts page)
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BoardSecurities
Re: [Havelock][KCIM] Korb Investments – Establishing my Investment Firm, part 1
The Notes are not numbered, prioritized, and holders arent in a queue, since this wasnt something I was able to set up back in 2012. Ive put more of a priority on repurchases for the longest holders (November / December 2012 for the most part theyre the ones who literally got us started), but this was my own decision.
For shares that have traded hands, how does the current owner know where he stands with regards to "longest holders". I have to assume the shares traded on Havelock are at the bottom of stack since there wouldn't seem to be any way you could possibly track that or know in advance if you are buying a "good" (some chance of being paid out) share or a "bad" (effectively worthless) share.
If you don't switch to a revenue share model or a more transparent buyback model, I think you should at least update the Havelock investment information to clarify the status of traded shares.
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Re: [Havelock][KCIM] Korb Investments – Establishing my Investment Firm, part 1
Are these bonds numbered and prioritized? How do you know where you sit in the queue? If you have a high priority share and trade it, does it move to the back of the line?
I don't understand this well either. This is one reason why I like acorcos' idea to convert the asset into a revenue share, and pay dividends from the mining revenue equally distributed over all outstanding shares, for as long as the mining remains profitable, and then liquidate and pay a final dividend when the mining is no longer profitable. That way, all the shares would be treated equally, and everyone would get part of their investment back
Yes. This would probably be ideal, if it can work with the group structure. Otherwise, structuring buybacks as a reverse auction out of after-dividend funds (which is essentially what repurchasing from havelock lowest ask would be) would be the next best alternative.
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Re: [Havelock][KCIM] Korb Investments – Establishing my Investment Firm, part 1
If you start buying on the market you are rewarding those who came in late, at a discount who are trying to flip their shares. If whoever bought 4 at .001 sold today at .34 to an uniformed investor - god bless. But if it was you, that sucks for rest of us.
I don't see why you think you deserve special treatment over the person who got a share for .001. A share is a share. It doesn't suddenly become worth less because it was traded. I wasn't under the impression that this is a pyramid scheme where people at the top get all the rewards where people at the bottom are left with nothing.
Are these bonds numbered and prioritized? How do you know where you sit in the queue? If you have a high priority share and trade it, does it move to the back of the line? What's the point of even allowing shares to transfer hands if they suddenly become worth nothing?
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Re: [Havelock][KCIM] Korb Investments – Establishing my Investment Firm, part 1
All the rest of you, read the previous posts. This has all come up before.
Sorry. I didn't see it really discussed much prior. I'm not an original investor, and my stake is very small. I still don't understand how anyone could support using 1 BTC to buy out 1 share when it could buy out 3 shares, unless they were blinded by greed under the expectation that they will collect 1 BTC at the expense of all the other investors.
But, as I said, I have little skin in this game. I was just trying to understand the thought process. Fortunately the Havelock market while weak, still exists, and I can exit my position at any point with relatively little loss. That's something many of you guys can't say, so I really can't criticize too much.
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Re: [Havelock][KCIM] Korb Investments – Establishing my Investment Firm, part 1
I've been trying to strike a balance between keeping to my word and being practical, though it's certainly easier said than done. I'm more than happy to look into another method if someone has an idea, just let me know.
Thanks. I was just curious. Perhaps there should be some threshold whereby you prefer repurchasing shares from the exchange at a discount? I'd rather see each 1 BTC go towards buying back 3 or 4 shares than 1 share. That increases everyone's expectations in the long run. But, that may simply not be possible due to commitments you've already made.
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Re: [Havelock][KCIM] Korb Investments – Establishing my Investment Firm, part 1
by
norman
on 21/11/2013, 22:29:21 UTC
Uut of curiosity, why did you decide to do repurchasing the way you are doing it rather than repurchasing at discount from the open exchange orders? Wouldn't everyone benefit most by clearing the maximum number of outstanding shares possible? Why take N shares off the market when you can take 3N or 4N shares off the market providing increase value to everyone?
I'm not complaining. I'm just curious what the thinking is.
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BoardGroup buys
Re: ASICMiner USB group buy- orders closed, pay for extra!
by
norman
on 08/09/2013, 01:39:13 UTC
I received mine. Thanks for taking the time to do the bonus round.
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Re: ASICMiner USB group buy REOPENED! (previous customers only!) .175 per unit!
It was a smaller, more technical meetup. There was a lot of discussion of some possible bitcoin projects/businesses, and a couple of us worked on some code to call various exchange APIs to get current BTC/LTC pricing to embed in web sites.