[ANN] Helium - LocalBitcoins.com Exchange Asset!
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@cjellis245 I suggest you stop selling Assets for the moment, and start putting some careful effort into Trading. Remember there is a reason why the rewards can be big, and that is the risk you take on every trade. Don't be greedy and don't blow it. ......
Rich
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He's just starting to laugh now.
Now or lower the price for everyone or can sell cheaper than you and keep winning, you have to take a couple of minutes to think things through ;)
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I am increasing my price to 40 now, so if he wants them bad enough, if he still wants to buy and make his 180 burst per share profit that's fine but i am increasing my price now.
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@cjellis245 You are being greedy. Do not release any more for the moment, you have more than enough Burst to trade with. He will either gobble the lot or just undercut your sale price.
Rich
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What currency do you buy and sell with? Paypal? Bank deposit?
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@RichBC Good idea, thanks for the advice. I will look into this now
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@RichBC said in [ANN] Helium - LocalBitcoins.com Exchange Asset!:
@cjellis245 I would release some more shares at a lower price, say 15 that will really piss him off, or he may just buy them as well, but you can then repeat at an even lower price, as you will have plenty to trade with. :-)
Rich
@RichBC said in [ANN] Helium - LocalBitcoins.com Exchange Asset!:
@cjellis245 You are making it too easy for him. He is watching this thread and has now reduced his average buy price to 17.5 and is holding 200,000.
He can now either hold out for bigger gains or can undercut your 20 / 25 sell price and still make a profit.
Rich
If @cjellis245 didn't listen to your advice, and don't started to sell at 15 (and would put all 1 million their assets at 20, for example), then this situation would not have happened...
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@emcb said in [ANN] Helium - LocalBitcoins.com Exchange Asset!:
If @cjellis245 didn't listen to your advice, and don't started to sell at 15 (and would put all 1 million their assets at 20, for example), then this situation would not have happened...
Yes agreed in hindsight, and because of the speed that sales progressed, the advice was poor. However all decisions were his and the sale he made after that proposal was at 20. At no time did I propose putting 151,000 up for sale at 15.
@cjellis245 then chose to make rapid and randomly priced releases, rather than pausing and taking stock, and seems happy with the way things have gone.
@cjellis245 said in [ANN] Helium - LocalBitcoins.com Exchange Asset!:
I put another 3 lots on. Let's see if he buys them :)
If you guys wanna get some cheap shares, I've put 100,000 on @ 15 burst each so get in before he does. The others are 50,000 at the regular price, and another 50,000 at 25 burst. This is going great! Whoever Mr Whale is, I thank you. Big time.In practice the Whale was hungry for this Asset and would have probably bought them at any price up 30.
When I found the thread I was starting to type questions, but then went to the Asset to make a small purchase only to find that they were all sold, which @cjellis245 was unaware of, so I posted the info in the thread.
@cjellis245 now has over 5 Million Burst to Trade with on LocalBitcoins which should be more than enough.
The important issue going forward is success of the trading on LocalBitcoins. He is however "Owned" by the Whale.
Rich
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FIRST DIVIDENDS
Amount paid, Account, TX
16127.944, BURST-QJPB-7464-5E5B-5NFHJ, 9903049377830960922
560, BURST-8UEL-WSEP-GMY8-4R2H3, 6112916378367106361
112, BURST-VAX9-BFZ6-XSX5-CW2EN, 6715664033157107143
56.056, BURST-SCZS-PBXH-E47U-7X2LG, 16321268875449690738
------------All transactions processed------------Sorry for the low amount, have only been going for a few days now and only just some of the burst transferred over to btc then sent to my LocalBitcoins account.
Happy bursting :)
Christian
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@cjellis245 what payment platform do you use to buy and sell? Paypal? Bank deposit etc?
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@mathew Both
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@cjellis245 isnt paypal kinda sketchy as they can just refund or dispute a chargeback
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@mathew I have looked into PayPal and given it a go, and it seems to be working well.
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interesting concept. but i thought the trades are safe there if in escrow?
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@falconCoin The trade itself is safe, the risk is a chargeback after the trade has cleared escrow. That said I have used Localbitcoins for a lot of transactions without a single problem.
The trick is to use a partner with a good amount of feedback and to not trust too much on a single transaction.
Rich
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@RichBC Exactly. So far so good, I sold $1,000 worth with a profit of at least $30 just today.
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What do you think is used more by you? Paypal or bank deposit?
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@mathew Paypal for North America banks for asia region
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@kmaxkmax said in [ANN] Helium - LocalBitcoins.com Exchange Asset!:
@mathew Paypal for North America banks for asia region
Why is that?
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@mathew Just an assumption. I travel around in NA and every has paypal.... so many american ebayers. Asia seems to be alot on back transfers etc
