Harrygon’s assetmine asset
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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
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@harrygon Oh no I definitely didn't mean for you to sell your assets. I agree with your statement that you should keep those for the divvies. I understand you wanting to wait a while before making final decisions. Let's see what the future brings , fingers crossed.
Cheers
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@harrygon Just thinking aloud here, but I wonder if it's time to move this Asset on a stage?
Seems very difficult to know what the price of Burst is going to do, we seemed to have established a solid floor around 400 at the beginning of June and have climbed steadily since in the last Week and are currently moving between 600 and 700.
Where we go from here and where we will be in 12 Months I just do not know, could be 400, could be 1000?
I am still very worried about Assets in general as something to do with my Burst and actually think the "apparently very low prices" of even the pure Burst related Assets such as Mining, are not actually bargain basement but reflect a more realistic price than we had before the big rise back in May?
My feeling is that you should restart Dividend payments, perhaps 50% of Dividends received as a Dividend and the other 50% into the Buyback Wallet?
The problem you / we have is that the Bulk of the 1 Million Burst was put into Assets and to be able to execute anything like the original plan, you need Dividends to return and Asset prices to rise,. Personally I do not think that is going to happen and do not think that for the moment you should be buying More Assets.
I am liking the Mining returns at the moment, and think you should do the maths on expanding your Mining, particularly to the point where your setup can accept additional TB without any other added cost.
Seems a pity to not have the Buyback Burst working for us so perhaps the Buyback Burst should be moved to Poly, exchanged for BTC and put into Lending as at the moment you can get around 1% a Week. That is where I for the moment have put and am putting all of my Burst.
All the above just my think and type thoughts, what do other people think?
Rich
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@RichBC I'm not sure putting it on polo to put into lending is a smart move. This asset is based on burst and pays out that way. changing the burst into btc leaves the possibility to make a lot more if the burst price decreased and BTC price increases, for sure. but it can also make it go entirely to sh** if burst continues to climb. Plus the whole fork thing of bitcoin that's supposed to happen in august can make for an unstable market. btc will probably continue to climb, but I don't think the lending reward is high enough to risk it.
I think it's more of a gamble currently, instead of a way of getting safe revenue.Cheers
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@keyd0s said in Harrygon’s assetmine asset:
I'm not sure putting it on polo to put into lending is a smart move
Yes agreed we have enough risk and uncertainty already, but just put the thought out there for comment. It's where I have chosen to park what was most of my Burst for the moment, but that is my decision and I think around 1% a Week is not bad.
Rich
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@RichBC ur right it's time to move on.
@all
after the last few payout from hs (last 1, 2 weeks around 6000 burst), it was clear to me that this asset needs an whole new structure if i want it to survive. and i really do. so i broke my brain in the last 3 weeks to come up with a new strategie (lost my job in a result of that, just if some people still think asset holders are all scammers and egoists:)). i have 2 ideas i wanna talk about.first 1
i will try to sell a part of the asset shares in the portfolio as high as possible, convert it to bitcoin and set up a miner. instead of just getting dividend's. i f we can make 200k liquid that would give us around 100tb of mining power. my calculated returns 9-10k burst a week. .biz calculated returns 13k burst. that would bring us back on track, but we will loose a part of the asset portfolio, and for sure we would have some losses.second 1 (kind of the second stage of this asset, planned but wanted to launch after the buyback)
i will release another 200 k shares for 5 burst each 100k share goes to my share holders (for free) same amount they already have. 100k will be sold on AE. buyback will be canceled. the divs from initial release will be lowered by 50%. i give away the 100 k shares to make sure everyone will get the same amount of divs as they get before, and with the other 500k i will also invest in mining gives us arround 200 tb and more aprox return (source burstcoin.biz) 25 k weekly. the buyback will be used for buyback after the assets are sold. it will buyback the shares for 5 burst and all divs received will also be used to buyback shares and so on.In bouth of this scenarios i need to calculate in bust per usd so if there are significant rices or drops at burstprice i need to ajust the div's and the buyback or we will run into the next big problem if burst have a bump again(really dont like that, but i think there is no way arround it)
now the big question for me still is what my pc can handle. i have an intel i7-4790 a ge force gtx 770 and 16 gigs ram.if someone can help me with that that would be awesome, i really not a hardware guy :)
what do u guys think about this?
cya harry
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Lost your Job in Switzerland where average salary is something like 2,5K € a month for a 200$ asset ?
Thats the Spirit !
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@Marc lol aprox 6 k ;)
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Average salary € 6K month, omg !
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@harrygon kind of a hard decision for sure. Personally i dont like selling the assets to buy some harddrives. As for one, selling assets is really hard nowadays and the losses will be big like you said. Secondly because mining will give deminishing returns in the long run in terms of burst. As more people join and the block reward goes down it can be hard to keep up the 10k ish a week that was calculated. If this is even a legit speculation. Not mentioning all the effort that has to go into plotting 200tb of drives.
Mining assets like ccminer are quite cheap as well if you want to get into mining some more.
I really wouldnt be able to tell you with 100% certainty what i would do if I was in your place.Also really sorry to hear you lost your job. Hang in there eh !
Cheers
