What is going on and how to solve this
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@Nisc3d said in What is going on and how to solve this:
Nameless said to crowetic so sell Burst when it was 300 or so and make a wall there to protect the asset prices from falling. Adam bought all the coins from the walls, because it was cheap burst and we all know here it was going up more and more. So now crowetic has a massive loss,
On one specific point. Can you explain why Crow selling at 300 is a loss? Presumably the coins were bought or mined at a much lower price than this, so still a gain? So yes it might be a missed opportunity for a larger gain but not a loss?
That is unless he had borrowed the Burst and then had to Buy it back at a higher price? If that is the case he presumably knew the risk he was taking and only has himself to blame, particularly for someone in his position as a figurehead for Burst.
So was it his Burst or borrowed Burst?
Rich
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@RichBC It was the Burst from the Made2Burst gambling site/assets, so it was not his Burst. He later bought back at a massive loss and sold his other coins to give the burst back.
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Also Adam doesn't want the assets go down either, so he is pushing some assets like Lex4all recently and Snakeeyes.
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@Nisc3d As i said we do not care about them! We do not hate them we have just learned the hard way who adam is. And we are not able to stop it as we did try it several times ... so please and feel free to talk to adam.
and about his genius in advertising please look up hes name on google searchor here are few sentences :Guerbuez, charged under the CAN-SPAM act ('Controlling the Assault of Non-Solicited Pornography and Marketing' an FCC regulated act to curb spam) back in November of 2008 along with 25 other unnamed persons, set up fake Facebook pages that duped users into entering their login information. Those compromised accounts were then used to spam the Facebook users' friends. In total, the spammers were able to send over 4 million spam messages over Facebook related to pornography, penis-enlargement scams, and marijuana. The U.S. District Court for Northern District of California in San Jose ruled that the defendants violated the CAN-SPAM act and ordered to pay Facebook USD$873 million in damages.
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@Nisc3d Ok well in that case it was highly irresponsible both as an Asset Holder and for someone in his position. He took a stupid unnecessary risk with Burst that was not his, blew it and is paying the price.
Rich
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@potkas There is definitely hate between both forums. And I don't care if adam was sued, this is crypto, he only helps the coin get big.
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@RichBC Namless influenced crowetic, that is the thing, so Nameless and crowetic fucked up. But Nameless did it, because he wanted to take the price down. That's not good for the coin.
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Look, SnakeEyes is at 47 again and Lex4all at 10.
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@Nisc3d said in What is going on and how to solve this:
@RichBC Namless influenced crowetic, that is the thing, so Nameless and crowetic fucked up. But Nameless did it, because he wanted to take the price down. That's not good for the coin.
I am sorry but Crow is a Big Boy and experienced enough to make his own decisions. don't go trying to Blame nameless.
Also this is a Market and in all markets there are deliberate and consequential price movements all the time. Nameless is free to do what he wants however Crow in his position and using money that was not his I feel was wrong.
Rich
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@RichBC I don't try to blame nameless. I just said, nameless influenced crow to the point where he thought selling the coins is a good idea. Sure nameless can do what he want's. It just isn't good for the community.
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@Nisc3d IMO the Loss is just as much Crow's fault as it is Nameless. may of been Nameless idea but crow was the one who pulled the trigger .... nameless did not want to lower the price of burst, he wanted to slow down the pump so the AE would not crash as a result .............. as i agree with his reasoning for wanting to do it. i do not think the Idea was good one and would not of done it you can never know how big a pump can be or grow ontell its to late, i also do not think he was doing for selfish reasons .... a selfish person would of held for the peak and sold ... then bought back in when the fall slowed down and then scoop up and many of the Assets who's revenue will not be affected by it but who's share price WAS DUMPED by un informed investors... i do not agree with the public shaming for what happend .... Nameless is litterly being publicly shamed for making a bad trading mistake. big deal .... you know that every single burst that was bought or sold during that big spike in the market had both a winner and a looser for every trade.
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@Nisc3d I think you are missing the point that when it comes to Markets and Trading people can and will do whatever they want. We have one group who would prefer a steady climb and the other who want it straight to da moon.
Neither is right or wrong they are each just putting their Burst where their mouth is, or in Crows case other peoples money, which he then had to repay at a high cost.
Rich
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@Gibsalot Yeah ok, but you usually sell, when there are tendences, that it will go down again. As I said earlier I hope people will forgive and stop getting angry at nameless or crow and other guys.
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@RichBC Ok
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@Nisc3d im not angry at anyone, i just think most of the dirty laundry should not be aired out in the front lawn. and that the Nameless / crow bad trade move was just that ... a bad trade move nothing more ... my only issue would be that it was asset $$ and not even from one of his asset's, it was Burst held in Escrow by him for DagentlemanG's asset M2B. that aside Crow has both the ability and the Character of a person that can and will make the mistake right for anyone involved.
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@Gibsalot Yes, such things should not happen anymore and should not be used for one side.
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@Nisc3d There's no hate or shit talking coming from here about BN or it's founders, where as BN has a forum that seems dedicated to ranting about me - this is not a two way fight; the invective is coming from one side only.
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I usually don't take part in these discussions, but now I am interested in one detail:
Did Crow use Burst he held in escrow for "other purposes" ?
The exact details (selling them short to slow the price increase) don't interest me, just the basic fact:
Was he in a trusted position (escrow agreement) and the funds were used otherwise ?
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@Gibsalot i only respect crow.
problem is he is being used...
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@vaxman I don't know.

