Harrygon’s assetmine asset
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@harrygon Don't rush things, think through each Asset carefully. It's all too easy to sell just at the wrong point.
Would expect SnakeEyes to push up a bit with the first divi coming, and although maximums in the Casino are reduced, it's still very popular.
Can't help of Futuros I did not like the look of it so avoided.
Far from certain about a Miner, difficulty is rising and reward reducing. 1TB not good value for money 5TB USB probably still the sweet spot, but have not checked recently?
Rich
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@RichBC broke that down to tb/usd there are 4 5 10 tb external for that price
i will sure hold sneaky eyes atm still love this asset.
i will anyway dont do anything without posting and discuss it here. just thinking about solutions
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@all i swapped 3500 futuros for 3111 hs assets i will hold the rest of 500 futuros lets see what happens with them
i think i need a few investments from my side to cover all the losses but i need to wait with that a few month. bills and stuff
cya harry
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Update week #6
buyback wallet balance 114'395
miner earnings 1'043div's released
assetmine (8788580230271293840) Total found assets: 100000, Assets to be distributed: 100000
Summary of proposed distribution of 20000BURST to 28
Based on asset holders at timestamp 86883714 (Fri, 26 Aug 2016 02:21:54 GMT)Number of assets, Account, Payout amount
33928, BURST-VAX9-BFZ6-XSX5-CW2EN, 6785.6
15000, BURST-7BM7-XDNG-5EEH-EYQLV, 3000
13134, BURST-5LW6-657H-WXHL-49BCP, 2626.8
10000, BURST-P4T9-KJH6-GLBH-GPZA5, 2000
9950, BURST-9XFH-CFS7-CZKQ-29D3E, 1990
6000, BURST-KCWQ-KP2P-P4QK-6DK4N, 1200
5000, BURST-6UVY-U3JU-SYH6-AWRZ3, 1000
1207, BURST-PF5R-JRN9-QRWC-ECW2D, 241.4
1200, BURST-ZGMS-HBRN-URKB-8ZXGP, 240
1060, BURST-CNSK-LXWV-MBGW-FXPFS, 212
1000, BURST-X7JB-G8M6-YKKC-CEG2M, 200
400, BURST-PFQV-67LL-B9ZA-FZFH3, 80
400, BURST-L4BJ-LLHL-S8UB-HWXZV, 80
350, BURST-BH4N-SH2A-WZR5-5QVDA, 70
292, BURST-NGGP-LZ2G-BPC2-8DKGE, 58.4
200, BURST-DCJT-SHTN-T8N9-5EUX3, 40
200, BURST-K6VZ-WS7K-2FTP-HMUW6, 40
170, BURST-E8CZ-MUKD-QKZT-2S8XR, 34
149, BURST-4GT7-QLA2-FLDA-44EMT, 29.8
100, BURST-BRUQ-MY7L-UTL3-FH3AX, 20
100, BURST-SNGM-RPDV-VZGL-4KKNT, 20
50, BURST-LZD4-KURA-K9QM-8PKCJ, 10
50, BURST-2RZ4-89FK-5TQX-ET3BK, 10
23, BURST-353E-D8LE-GFC5-GZQ2T, 4.6
20, BURST-MU3B-89RM-YYSW-9F8D5, 4
10, BURST-PLW9-BNRD-ETNM-G8FPU, 2
6, BURST-MTUE-P2MG-LTTC-EXWAV, 1.2
1, BURST-Z2TL-HQCZ-LN8K-4XSU4, 0.2what a burst price atm i feel soo lucky :)
have a nice 1 harry
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i need advice from my shareholders
i think about the asset exchange and what will happen after this massive push of the burst price. if the price stays at 500-700 sats what what will be the asset prices 50-70% lower as before? i think we will see a massive price drop, and way lower divs.
so whats better trying to cash out as much as possible and payout the 2 3 or 4 times what u guys invested initally in usd, or hold on burst and the op. im scared i wont be able to payout the divs and launch a buback if the burst price stays in this area. or change the op to a way lower div and buyback payment. i really dont now.
so what do u guys think
thx harry
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@harrygon Tricky decision as for all of us this is uncharted territory. I think now is a bad time to be selling Assets, a lot of people are selling to raise Burst and I think a lot of Assets are now undervalued.
Also I would expect a pull back in the price at some point and then when things stabilise we will see people returning to Assets as something do do with their Burst. Could even be greater amounts of Burst if they have sold high and then bought back after the pull back?
I would keep a careful eye one things, see what other advice you get. But in general Buy when there is blood on the streets and sell when everyone is advising their Granny to get into Assets. :-)
Rich
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@RichBC so i will hold on to the plan ;) lets see what happens
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@harrygon Can you remind us of the current portfolio?
Actually better than that here is a screendump form Burstfolio
Rich
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@RichBC amazing tool love it there also are around 0.2 btc on polo rdy to reinvest after the pullback
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@harrygon It's better to hold. Assets price won't drop 70%. hsasset 85 atm - 6% drop?. Divs from some assets won't change. Only gpu mining and assets that earn in different crypto will suffer for some time. You shouldn't panic sell as it's never good and huge drops and only temporary.
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@Hyzi0 i wont panic sell that why i ask u guys :). i think burst will atract much more new miners with the current price and casino payouts will drop too cuz burst is much more expensive.
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@harrygon Yes great tool from nameless and ice. here's a link for anyone that has not found it yet. http://www.burstfolio.com/
Only thing to be wary of is that the Asset valuation is against the highest Bid, and usually does not represent the price you could liquidate at.
So looking at the assets. 402 & Tokens nothing you can do.
hassets I like particularly with the small number of shares currently issued.
snakeeyes & MTMG are a nice combination. casino seems to be paying well, although I have long term doubts about MTMG viability, and if Adam is finding enough gambling time with the radio distraction?
So overall looks ok to me. I have bought more of most of the above on the sell off.
Don;t own and have not followed BurstOcean, Burstgrow or M2B.
So overall looks ok to me.
Rich
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Thank you for showing caution and giving the asset holders your concerns about the future. When the price of any alt goes up this will always bring people out of nowhere to start mining the coin. Looking at my pool, it has already happened. That being said, I tend to look for assets that have to do with Pool payouts or direct mining of Burst. Don't know how much you can make mining yourself, but if you have assets that are mining you are covered in that area. Might want to look into FleX (an asset I own) and see if it will fit into your portfolio is my only recommendation.
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@CtlAltDel said in Harrygon’s assetmine asset:
Might want to look into FleX (an asset I own) and see if it will fit into your portfolio is my only recommendation.
Just want to support this. I bought into flex but chose to sell out for a quick profit. However focus is has a great and well managed Asset, and unlike some other high profile Asset, finds the time to put into managing the Asset.
There is also a great website, second to none, supporting the Asset, and yes I have used the current fall in Asset prices to buy back in.
Rich
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@CtlAltDel i will have a closer look to the flex asset the next few days.
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update week #7
buyback wallet balance 115'064
miner earnings 669well there is still the problem with the deeper payout's from casino the loss from futuros and the recent price push, so i see 2 options to solve this.
first: new evaluation from div's and buyback, because of the recent push. burst is around 5 times higher than i calculated with.
second: lower the div's to 0.5% weekly and let it run 100 weeks till the buyback starts.
what u guys think about that? it's up to u. if there are other ideas, tell me:)
cya harry
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@harrygon said in Harrygon’s assetmine asset:
@vprf ur welcome
i really dont think that happens but if i will cover it with my own money and if thats not possible we will find a way to make everyone happySo it looks like you "covering" it with your own money is out of the question?
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@vprf nope but as i said above need a little time for that
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It's always sad to see assets move off from their original ANN. But I guess seeing the recent price shuffling, and difficulties you ran into regarding the held asset's I guess this was not as unavoidable as I might've liked.
@vprf asked a good question regarding this as differentiating from present business-model is probably more af an issuer's 'responsibility'.
I think you should mostly contact @RichBC about this as he holds a big share of your asset. I own like 10% of the shares myself and if the two option you suggested are the ones you are willing to consider, I don't mind picking option 2 as this asset was a long-term investment for me already anyway. so making it long-longterm is not a big issue for me
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@harrygon said in Harrygon’s assetmine asset:
first: new evaluation from div's and buyback, because of the recent push. burst is around 5 times higher than i calculated with.
second: lower the div's to 0.5% weekly and let it run 100 weeks till the buyback starts.Can you expand / give us an example of the result of your first option, as at the moment there is insufficient information to consider it.
In general the attractions of this Asset to me were.
- 2% Divs every 2 Weeks
- Buy back after 50 Weeks. (nice to have an end date as opposed to all the open ended Assets)
- Buy back at 1.5 x the release price.
Now I will admit that there seemed to be a bit of "Too Good to be True" here but the fact that @harrygon had been on the Forum for 6 Months, that there was a current asset portfolio, that the buyback wallet (hosted by haitch) the way it was presented with words like help me to grow my asset portfolio and I have in mind to invest my own money to buyback the whole bunch after 50 weeks. inspired a level of confidence in the Asset Issuer that made it worthy of investment.
I am pleased to say that all of my positive feelings remain and I commend Kevin for the cautious way he is now handling the rise in Burst and Drama that is surrounding the coin, and affecting all Asset prices and peoples plans for Assets.
So let's see a proposal / example of the first option.
On the second option I would much prefer to hold the 50 Weeks and adjust other parameters if something like that is chosen. (50 Weeks in crypto is a long time 100 Weeks is a lifetime)
I will think on other options, please share any other figures or projections you have done to help us consider and decide.
However what I would urge above all else is to keep communicating and don't do anything rash. I would prefer a temporary reduction or suspension of Dividend payments while Burst settles than any knee jerk quick fix, oh dear I have made it worse, changes.
Rich


