Harrygon’s assetmine asset
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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
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@RichBC said in Harrygon’s assetmine asset:
However what I would urge above all else is to keep communicating and don't do anything rash.
Looks like about 5000 shares of Reaper asset was purchased?
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@vprf That's a pity. @harrygon when were these bought, is it recent or some weeks ago? Have you not seen the thread on here about Reaper being a Scam?
Here's a side by side comparison of the portfolio from a Week ago and now.
So looks like it was sometime in the last Week.
So Total Asset value almost unchanged, yet every Asset value different and quite big shifts in Burst - BTC - $ Exchange rate, also as we know a loss of probably 5000 * 0.7 on Reaper. (unless they were picked up very late on and very cheap as a speculative Buy?)
Showing how tricky times are :-)Rich
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thx for the replies
at first i wanna say that have still in mind to do further investments in burst, means this asset coz its all i have at the moment
but i will not waste my money just to payout div's. a asset should be profitable for everyone. as i calculated the the asset the burst price was about 15 usd for 10'000 burst and now its about 100 usd. so that means the price of the buyback is now at 15'000 usd not 1'500, plus 40* 10'000-7'000 divs means another 1'200 bucks for the divs. sure i will invest my own money but i cant invest 20% from income per year in an asset just to pay 5 or 7 times the higer div's. and there is still the fact that i don't now what happens to the burst price in future. so there must be a way to solve such a problem without waste my income. i personaly hate the stuff that happened after the massive prise push and i didn't wanna take the fact that i have to think in usd/burst and not just in burst but after a such massive push u just can't only think in burst. i will never ever launch an asset with any div calculated in just burst because in the end it just hurts investors and issuers. even if everyone has more money. we lost burst and thats the reason we cant get even more money. this is also the reason so many ppl are angry in the forum, im not better just watch the futuros thread.with a new evaluation with 0.5 % divs and a buyback from 7.5 burst i still need to invest around 4000 usd (current market prices) i think that would be a good goal almost twice the amount in usd that shareholders and issuer investet initally.
so and now the reaper crap
jep i saw the tread and i know it was a big promise he made with 3% divs but i bought the assets before the last payouts and before it was clear that it is a scam, i was thinking i need a miracle anyways so why not give it a go he was listed on bn and never missed a payout till this point. so i bought 4700 at .87 i think and put a sellorder for 700 at .99 in. after i woke up in the morning i saw the thread with all the stuff that was figured out. so my apology for that was a stupid buy.harry
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@harrygon OK let's put reaper down to experience and remember that Miracles do not happen.
Can you work up a summary of where we are.
Number and value of Shares sold
Amount in buyback Wallet
Burst in Asset Wallet
Your Assessment of the current Shareholding in terms of liking or disliking them and Dividends going forward. Appreciate that this is hard / impossible, but give it a go.
Anything else that you think might help making the decision on how to take the Asset forward.Also any other Asset holders please ask questions and make your inputs?
Need to go mow the lawn, back later.
Rich
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@harrygon I don't think that burst will stabilize @550 and IMO it will drop to 400 or even lower. It was pump and after pump there has to be some regulations and 550 is still too high. So my advice would be to not panic and just wait. You don't rly need miracles just some patience and smart investing ^^
Also if you belive that burst will go down, its good to invest in gpu mining atm^^
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@RichBC sure i can do that but give me little pls im sick atm :/
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@harrygon Yes that's fine, this is one of those occasions where taking your time is the right approach.
My holding suggestion while we wait to see what happens to the Burst price and Asset prices in general, during the death throws of Burst Nation, is as follows.
Either.
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Put Dividend payments on hold.
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Make the dividend payment 50% of the actual Dividends received with 50% to the Buyback Wallet.
Run that for a while until things stabilise and then decide what to do next. This is very uncharted territory for all of us and not a time to be making decisions.
However let;s also hear what the other shareholders think?
Rich
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@RichBC i think for now its best pause the div payments hsasset payed 77% less then last week. so i cant do any future calculations with this facts need to wait till everything calm a little. but i will do the calculation of the sold shares and and value today.
down below divs from 5. 20 till now
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@harrygon I would be happy if you just report what the total dividends received are, perhaps do this on a Weekly basis while they are not being paid, and just keep the Burst in the Wallet, while we watch and wait for things to stabilise?
Let's see what others think?
Rich
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@RichBC i will post the weekly income from now on Friday too. balance wallet atm 6'672 burst.
i hope other shareholders reply to this because in the end a wana see everyone happy may not happy but also not angry
cya later harry
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@RichBC @harrygon I agree with what RichBC is saying. I am just one holder of this asset. Hope others will give some input.
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yeah Rich's proposal is a safe one at the current time. It's a bit hard to evaluate as we can't know future prices, but I think saving and preparing for an early-ish asset buyback won't make investors too angry either (I know I won't mind).but To be quite frank I really don't mind the next step as I enjoy the dividends as well. its up to you to decide with the other investors @harrygon
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so here are a few numbers for u @RichBC :)
assets sold 100'000 at 10 burst= 1'000'000 expected sell price between 1'000 till 1'500 usd
shareholders investment
first release 1 April 2017, last share sold 28 April 2017 all time high in this time 229 sat's 16 April 2017 (source poloniex)
bitcoin price 4.16.17= 1217.00000001usdt = 27.87 usd/10'000burst * 100 = 2'786.93 usd/1'000'000 burstmy investment (source screenshot op)
350'000 burst, 27.87 usd * 35 = 975.42 usd/350'000 burstInvestments based on the highest price burst/usd between 4.1.17-4.28.17
shareholder 1'000'000 = 2'786.93 usd=74.1%
assetmine 350'000 = 975.42 usd= 25.9%
total 1'350'000 burst = 3762.35 usd
asset value atm = 5'507.88 usd
so even with the highest possible way to calculate we made almost 2000 usd profit.
will tell u the divs and and balances in a update later today
cya harry
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@harrygon Thanks for he info, taking a short break over the Bank Holiday, so will look closer when I get a moment. I think that suck it and see continues to be the best strategy for the moment, but good that we are up in $, but then again we ought to be.
You / we need to think about what might happen going forward. For instance Burst price could collapse and Asset values not climb? Should also think about some other what if's?
Accumulating liquid Burst could be a good strategy for the moment, and if we get a big pump you could sell some to lock in some profit?
Let's have thoughts from other people?
Finally just to say that I have been accused of inputting too much on Assets, so please remember this is your Asset, your decisions. So by all means take inputs but if you don't feel comfortable with any of them then go your way.
Rich
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@RichBC said in Harrygon’s assetmine asset:
Accumulating liquid Burst could be a good strategy for the moment, and if we get a big pump you could sell some to lock in some profit?
i was thinking about that too so if a big pump comes we can always release the buyback for a quick profit.
enjoy ur holidays ;)
harry
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hi guys sry for the lack of information the last week but i had a horrible time :(
finally i'm back on track.update asset payouts
from 20.5.17-26.5.17: 2'538.19433174 burst
from 27.5.17-02.6.17: 1'134.29022415 burst (still waiting for payout hsasset)burst in wallet: 7'874.80224079
miner earnings 2 weeks: 1'007 burst
buyback wallet: 116'071 burstcya harry
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@harrygon Nice to have you back! and I'm sorry to hear you had a bad week.
Have you by any chance made up your mind on what decision you want to take, and if not 100%, do know what possibility you lean towards? We were talking about selling at pumps, and I'm not sure what your idea is but it currently has one of those so I'm curious on your (and other people's) thoughts.Cheers!
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@keyd0s well selling assets atm is bad but we could release the escrow to sell at the peak? but that is not my decision, and i think haitch is unable to connect to his wallets.
im thinking about to expand the miner, but i'm not that sure with the returns.
the assets recovering quiet good i hope they hold their trend (interessted in hs div's)
in best case scenario we can stick to the plan again, in worst i need to add new income streams and/or lower the payout. i think it's best to wait another few weeks till burst is stable and all the assets pay more or less stable div's, so i can do further calculations, this is almost impossible atm.maybe i can pay a dividend round next Friday but that's not for sure.
hope i could answer u'r questions. cya harry
