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[ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH singapore
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Author Topic: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH  (Read 201404 times)

Arkh

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Hi Arkh,

as the asset exchange works - all accounts that own HRLTCGEAR assets at a certain block height (defined by asset issuer) get the weekly dividends.
Pf takes down his sell order of HRLTCGEAR assets a certain time before this specific block to prevent big last minute buys which would dilute weekly dividends.
When dividend payouts went through he puts up sell order again.

You can see the payout under "My Transactions" on

Weekly dividends are distributed from:

Hi,

Thanks, that was really helpful ! Basically if I want to be in the next payout I need to buy before pf sell orders are down, there is no block height announcement ?

I'm definitely trying that out, I already have some shares on ltcgear but this asset is much more liquid, I like that.
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pf

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Hi Arkh,

as the asset exchange works - all accounts that own HRLTCGEAR assets at a certain block height (defined by asset issuer) get the weekly dividends.
Pf takes down his sell order of HRLTCGEAR assets a certain time before this specific block to prevent big last minute buys which would dilute weekly dividends.
When dividend payouts went through he puts up sell order again.

You can see the payout under "My Transactions" on

Weekly dividends are distributed from:

Hi,

Thanks, that was really helpful ! Basically if I want to be in the next payout I need to buy before pf sell orders are down, there is no block height announcement ?

I'm definitely trying that out, I already have some shares on ltcgear but this asset is much more liquid, I like that.

basically you need to buy in before the next payout.
i just remove the sell order a few days before the payout (likely late tomorrow, thursday for sure)
you are free, however, once it's removed to buy shares from other people (just they will likely charge a premium higher than 1 NXT/share)!
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JanSako

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Hi Arkh,

as the asset exchange works - all accounts that own HRLTCGEAR assets at a certain block height (defined by asset issuer) get the weekly dividends.
Pf takes down his sell order of HRLTCGEAR assets a certain time before this specific block to prevent big last minute buys which would dilute weekly dividends.
When dividend payouts went through he puts up sell order again.

You can see the payout under "My Transactions" on

Weekly dividends are distributed from:

Hi,

Thanks, that was really helpful ! Basically if I want to be in the next payout I need to buy before pf sell orders are down, there is no block height announcement ?

I'm definitely trying that out, I already have some shares on ltcgear but this asset is much more liquid, I like that.

basically you need to buy in before the next payout.
i just remove the sell order a few days before the payout (likely late tomorrow, thursday for sure)
you are free, however, once it's removed to buy shares from other people (just they will likely charge a premium higher than 1 NXT/share)!

Correct me if I am wrong:

Once PF takes the snapshot of the asset holder addresses, I put up my shares for say 1.1 NXT. I sell them, but I would still get the dividends, not the new owner (about 10%), then once the sell order for 1 NXT is up again, I re-buy. Profit: +/- 20%  ??? Of course, there has to be someone who buys from me at 1.1 NXT...

PF maybe you should not publish the 'shapshot block'...
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pf

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Correct me if I am wrong:

Once PF takes the snapshot of the asset holder addresses, I put up my shares for say 1.1 NXT. I sell them, but I would still get the dividends, not the new owner (about 10%), then once the sell order for 1 NXT is up again, I re-buy. Profit: +/- 20%  ??? Of course, there has to be someone who buys from me at 1.1 NXT...

PF maybe you should not publish the 'shapshot block'...
I stopped using a snapshot block and started just removing the sell order instead.
this means that if you sell your shares at 1.1 NXT, you won't receive any dividend at all, the person who bought your shares will receive the dividend instead.
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JanSako

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Correct me if I am wrong:

Once PF takes the snapshot of the asset holder addresses, I put up my shares for say 1.1 NXT. I sell them, but I would still get the dividends, not the new owner (about 10%), then once the sell order for 1 NXT is up again, I re-buy. Profit: +/- 20%  ??? Of course, there has to be someone who buys from me at 1.1 NXT...

PF maybe you should not publish the 'shapshot block'...
I stopped using a snapshot block and started just removing the sell order instead.
this means that if you sell your shares at 1.1 NXT, you won't receive any dividend at all, the person who bought your shares will receive the dividend instead.

Great, that is what I was hoping to hear!
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rudeboi

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #585 on: December 10, 2014, 09:20:06 pm »

@pf I'm impressed with the service you are providing so I decided to jump on board :)
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Wongi

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #586 on: December 10, 2014, 10:00:56 pm »

Welcome on board  :)
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wiser

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #587 on: December 10, 2014, 11:04:21 pm »

I'm liking this asset too. I've only been involved for a couple weeks.
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pf

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #588 on: December 10, 2014, 11:23:18 pm »

I put up a ~220k HRLTCGEAR buy wall with the asset issuer, I will only leave it up for a couple of hours - this is just in case anyone wanted some liquidity or anything or needed to free up some NXT.
Although I will again say that if anyone finds themselves in that situation, feel free to msg me and the asset issuer can arrange a buyback for your shares.
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Arkh

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #589 on: December 11, 2014, 01:40:03 am »

I put up a ~220k HRLTCGEAR buy wall with the asset issuer, I will only leave it up for a couple of hours - this is just in case anyone wanted some liquidity or anything or needed to free up some NXT.
Although I will again say that if anyone finds themselves in that situation, feel free to msg me and the asset issuer can arrange a buyback for your shares.


Really nice to hear that, definitely an advantage to invest here rahter than in ltcgear even if the revenue is a bit lower.
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wiser

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #590 on: December 11, 2014, 03:40:54 am »

Would what happened in this article have any bearing on an asset like HRLTCGEAR and the freedom to buy and sell it? Essentially, participating in this is like being part of a giant group buy or cloud mining coop, right?

http://www.coindesk.com/sec-bitcoin-exchange-60000-securities-violations/

This is a situation where I prefer to assume my own risk but other people with power may see things differently.

Thoughts?
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jl777

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #591 on: December 11, 2014, 04:08:45 am »

Would what happened in this article have any bearing on an asset like HRLTCGEAR and the freedom to buy and sell it? Essentially, participating in this is like being part of a giant group buy or cloud mining coop, right?

http://www.coindesk.com/sec-bitcoin-exchange-60000-securities-violations/

This is a situation where I prefer to assume my own risk but other people with power may see things differently.

Thoughts?
In the USSA, pretty much everything is illegal: http://en.wikipedia.org/wiki/Liberty_Dollar
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wiser

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #592 on: December 11, 2014, 04:15:32 am »

Would what happened in this article have any bearing on an asset like HRLTCGEAR and the freedom to buy and sell it? Essentially, participating in this is like being part of a giant group buy or cloud mining coop, right?

http://www.coindesk.com/sec-bitcoin-exchange-60000-securities-violations/

This is a situation where I prefer to assume my own risk but other people with power may see things differently.

Thoughts?
In the USSA, pretty much everything is illegal: http://en.wikipedia.org/wiki/Liberty_Dollar

Yes, I understand that. I guess I'm wondering more about the practicality of going after something listed on a decentralized asset exchange, or the asset exchange itself. I've read that it's basically impossible to regulate the block chain. Would the NXT asset exchange (and listed assets) fall under that category?
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jl777

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #593 on: December 11, 2014, 04:47:07 am »

Would what happened in this article have any bearing on an asset like HRLTCGEAR and the freedom to buy and sell it? Essentially, participating in this is like being part of a giant group buy or cloud mining coop, right?

http://www.coindesk.com/sec-bitcoin-exchange-60000-securities-violations/

This is a situation where I prefer to assume my own risk but other people with power may see things differently.

Thoughts?
In the USSA, pretty much everything is illegal: http://en.wikipedia.org/wiki/Liberty_Dollar

Yes, I understand that. I guess I'm wondering more about the practicality of going after something listed on a decentralized asset exchange, or the asset exchange itself. I've read that it's basically impossible to regulate the block chain. Would the NXT asset exchange (and listed assets) fall under that category?
CfB says all of crypto is going to become illegal

but what they cant find, they cant find (I said that part)
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HouseOP

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #594 on: December 11, 2014, 09:26:20 am »

CfB says all of crypto is going to become illegal

but what they cant find, they cant find (I said that part)

Now thats what I like about you J... forward thinking
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dsalinas79

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By the way, this week's dividends were actually a bit lower than they should have been - there was an additional 1.4 GH that has already been paid for with LTCgear that did not have the orders complete in time for payouts.  Chris has stated that he will be completing those orders still and paying them out mid-week, so there will be a further mid-week dividend for that 1.4 GH

pf, do we have any updates on this?
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pf

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By the way, this week's dividends were actually a bit lower than they should have been - there was an additional 1.4 GH that has already been paid for with LTCgear that did not have the orders complete in time for payouts.  Chris has stated that he will be completing those orders still and paying them out mid-week, so there will be a further mid-week dividend for that 1.4 GH

pf, do we have any updates on this?
We got the shares, but we didn't get the missed payout from them. Chris hasn't responded to my last email about this yet, I will email him about it again now.
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pf

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #597 on: December 11, 2014, 03:56:28 pm »

The sell order has been taken down for the week, by the way. I will put it back up again after payouts.
What do people think about investing in 2nd Gen ASICs going forward?
Up until now we have only been going with Gen1 ASICs (we will be over 30 GH by the time this week's payouts happen)
Gen2 asics may have a slightly lower payout for the next 3-4 weeks, but will then likely be considerably higher than Gen1 asics.
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Mexxer

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #598 on: December 11, 2014, 04:20:51 pm »

I'm actually not so sure anymore if gen2 is the best investment right now.

The payout until January is low, it's "just" a pre-order, and we don't know what the price will be in january.
On the other hand the price right now might be a bargain and produce ROI in 2 weeks.

I'm not expert when it comes to LTCGear ... but maybe invest 50% in gen1 and 50% in gen2 until January?
« Last Edit: December 11, 2014, 04:24:22 pm by Mexxer »
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pf

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #599 on: December 11, 2014, 04:34:12 pm »

I have asked James for his advice, hopefully he posts in this thread. :)
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