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10 Million NXT already liquidated by Cell 411
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Author Topic: 10 Million NXT already liquidated by Cell 411  (Read 2694 times)

Marc De Mesel

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10 Million NXT already liquidated by Cell 411
« on: March 28, 2016, 05:07:03 pm »

The 10 Million Nxt I payed to Cell 411 was liquidated fully in just a couple of days:
https://nxtportal.org/accounts/9168409274851822591

I had hoped they would have held on longer and liquidated only as they needed cash but they changed their mind and chose to only hold btc and no nxt. They felt insecure about the value of nxt for the future and filled up bids as low as 1500 satoshi while market price was 1900 satoshi hours before, and hours later back at 1800.

Quite impressed how the price has held.

Anyways, now that the dumping is done, it's up from here boys ;)



For those that missed the news I invested 300 BTC and 10 Million NXT in Cell 411

Instead of calling the police 911 you can use the app Cell 411 and be helped by your friends and other users.

The app is growing rapidly. I approached the founder and he was open to receive a financing in crypto.


Very proud:

http://truthvoice.com/2016/03/cell-411-inc-receives-200000-seed-capital-announces-version-3-release/

http://cointelegraph.com/news/decentralized-emergency-response-app-cell-411-receives-angel-investment-all-in-crypto

http://cointelegraph.com/news/cryptocurrency-investment-tips-how-to-make-a-real-success



Great interview where I also talk about Nxt:

https://letstalkbitcoin.com/blog/post/sovereignbtc-84-marc-de-mesel-on-the-cell411-p2p-defense-app-and-investing-in-crypto



Reactions on bitcointalk were quite favorable as well:

https://bitcointalk.org/index.php?topic=1402491.0



« Last Edit: March 28, 2016, 05:14:31 pm by Marc De Mesel »
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devlux

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Re: 10 Million NXT already liquidated by Cell 411
« Reply #1 on: March 28, 2016, 05:11:38 pm »

Jeebus, Marc if you want something to invest in, in the future let me know. 
We've got a ton of stuff in the works, all of it ties into NXT in some form or another.
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lurker10

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Re: 10 Million NXT already liquidated by Cell 411
« Reply #2 on: March 28, 2016, 05:14:39 pm »

I kinda doubt it's up from here. The current situation doesn't provide confidence. Important decisions are delayed, endless discussions are encouraged that except a few people nobody cares about, beating about the bush basically.
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Peter2516

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Re: 10 Million NXT already liquidated by Cell 411
« Reply #3 on: March 28, 2016, 05:17:27 pm »

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Marc De Mesel

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Re: 10 Million NXT already liquidated by Cell 411
« Reply #4 on: March 28, 2016, 05:21:31 pm »

I kinda doubt it's up from here. The current situation doesn't provide confidence. Important decisions are delayed, endless discussions are encouraged that except a few people nobody cares about, beating about the bush basically.

Well, the biggest nxt permabull finally becoming bearish and even selling 10 million nxt, is a sure sign we hit bottom!!! ;)

Also, by hitting 1500 satoshi a double bottom was created!  ;D

lurker10

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Re: 10 Million NXT already liquidated by Cell 411
« Reply #5 on: March 28, 2016, 05:24:41 pm »

I kinda doubt it's up from here. The current situation doesn't provide confidence. Important decisions are delayed, endless discussions are encouraged that except a few people nobody cares about, beating about the bush basically.

Well, the biggest nxt permabull finally becoming bearish and even selling 10 million nxt, is a sure sign we hit bottom!!! ;)

Also, by hitting 1500 satoshi a double bottom was created!  ;D

Hope so, hope so.
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Marc De Mesel

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Re: 10 Million NXT already liquidated by Cell 411
« Reply #6 on: March 28, 2016, 05:29:11 pm »

Jeebus, Marc if you want something to invest in, in the future let me know. 
We've got a ton of stuff in the works, all of it ties into NXT in some form or another.

I liked the investment a lot because there was strong growth in real users and it's not related to Nxt, in which I'm already heavily invested. 


I do like your vision on nxt very much so you can expect email from me! :)

devlux

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Re: 10 Million NXT already liquidated by Cell 411
« Reply #7 on: March 28, 2016, 06:45:17 pm »

Thanks Marc!

Code: [Select]
Instead of calling the police 911 you can use the app Cell 411 and be helped by your friends and other users.
They raised that much for that?
 If that is the functionality you're looking for...
It's about 40hrs work to make it and tie it into the contacts on the phone + social media accounts like twitter and facebook.

For dev work I normally charge around $100 per hour for off contract work. 
But if someone in the community wants to step up with $1000 USD worth of NXT (I need 125K NXT for another NXT related project and swear not to dump, but to keep forging).

I'll code it for you and have it ready in 7 days, with a functional demo in 5 days.

You provide the art assets, domain name, marketing etc.  I provide the app, all source code and everything else you need so you can put it in the iOS & Android app stores.   (you'll need a mac to sign it for iOS)

I don't care what you do with it from there, you can license it however you want it'll belong entirely to you.

If Marc wants to escrow until delivery I'm fine with that.
There's an NXT address in my sig.
Just sayin this sounds like a really, really trivial thing to knock out.  But it could be an important thing.
« Last Edit: March 28, 2016, 06:52:51 pm by devlux »
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devlux

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Re: 10 Million NXT already liquidated by Cell 411
« Reply #8 on: March 28, 2016, 07:01:44 pm »

Sorry, Marc I may have overstepped.  I just re-read your posting again for more clarity.

I originally took it to mean that they had dumped and not delivered. 
But following the links I can see that the reality is this was angel funding and they were trying to protect the purchasing power of what they had.

Besides being a Systems Architect that specializes in blockchain tech, I'm also a hired gun coder and make myself available for this kind of work pretty regularly as a way to supplement my income.

Unfortunately, I see so many of these projects launch with massive investment and then disappear into the void when what they're doing is rather trivial from a technical perspective.

Next time I'll dig deeper before responding.  It is too bad they dumped that much NXT but it is also impressive that the market rebounded like it did.
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LibertyNow

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Re: 10 Million NXT already liquidated by Cell 411
« Reply #9 on: March 28, 2016, 07:03:28 pm »

The 10 Million Nxt I payed to Cell 411 was liquidated fully in just a couple of days:
https://nxtportal.org/accounts/9168409274851822591

I had hoped they would have held on longer and liquidated only as they needed cash but they changed their mind and chose to only hold btc and no nxt. They felt insecure about the value of nxt for the future and filled up bids as low as 1500 satoshi while market price was 1900 satoshi hours before, and hours later back at 1800.

Quite impressed how the price has held.

Anyways, now that the dumping is done, it's up from here boys ;)



For those that missed the news I invested 300 BTC and 10 Million NXT in Cell 411

Instead of calling the police 911 you can use the app Cell 411 and be helped by your friends and other users.

The app is growing rapidly. I approached the founder and he was open to receive a financing in crypto.


Very proud:

http://truthvoice.com/2016/03/cell-411-inc-receives-200000-seed-capital-announces-version-3-release/

http://cointelegraph.com/news/decentralized-emergency-response-app-cell-411-receives-angel-investment-all-in-crypto

http://cointelegraph.com/news/cryptocurrency-investment-tips-how-to-make-a-real-success



Great interview where I also talk about Nxt:

https://letstalkbitcoin.com/blog/post/sovereignbtc-84-marc-de-mesel-on-the-cell411-p2p-defense-app-and-investing-in-crypto



Reactions on bitcointalk were quite favorable as well:

https://bitcointalk.org/index.php?topic=1402491.0

So, we're supposed to have confidence in a group that immediately gave away 20% of their investment money (more than $25k)?  They could have used Liquid OnDemand or other community trusted services.  In the trading world we call people that makes trades like that, "suckers" or "fish".  The rest of the world would just call them idiots.
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Marc De Mesel

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Re: 10 Million NXT already liquidated by Cell 411
« Reply #10 on: March 28, 2016, 07:05:25 pm »

Thanks Marc!

Code: [Select]
Instead of calling the police 911 you can use the app Cell 411 and be helped by your friends and other users.
They raised that much for that?
 If that is the functionality you're looking for...
It's about 40hrs work to make it and tie it into the contacts on the phone + social media accounts like twitter and facebook.

For dev work I normally charge around $100 per hour for off contract work. 
But if someone in the community wants to step up with $1000 USD worth of NXT (I need 125K NXT for another NXT related project and swear not to dump, but to keep forging).

I'll code it for you and have it ready in 7 days, with a functional demo in 5 days.

You provide the art assets, domain name, marketing etc.  I provide the app, all source code and everything else you need so you can put it in the iOS & Android app stores.   (you'll need a mac to sign it for iOS)

I don't care what you do with it from there, you can license it however you want it'll belong entirely to you.

If Marc wants to escrow until delivery I'm fine with that.
There's an NXT address in my sig.
Just sayin this sounds like a really, really trivial thing to knock out.  But it could be an important thing.

It's an operational app, you can find it in the android store 'Cell 411'.

I invested so much because they succeeded in getting traction and have grown from 10 000 to 30 000 users in just the last month.

I have faith in the founder to build it out into a big business, without diluting my share too much.

Fingers crossed.

(I'm not interested to make an app and build a business myself, I have enough on my mind just following my passive investments and plan to become already more active in Nxt.)

Marc De Mesel

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Re: 10 Million NXT already liquidated by Cell 411
« Reply #11 on: March 28, 2016, 07:11:22 pm »


So, we're supposed to have confidence in a group that immediately gave away 20% of their investment money (more than $25k)?  They could have used Liquid OnDemand or other community trusted services.  In the trading world we call people that makes trades like that, "suckers" or "fish".  The rest of the world would just call them idiots.

Can't say myself I'm impressed how they sold their goods. I estimate they sold for an average of 1700 satoshi/nxt instead of market price of 1900 satoshi, so 10% under market. Some patience would have likely given them more.

On the other hand, there is only one way to sell for sure, and that is to sell to the highest bidder right now. The moment you put it up for sale you have a good chance to be filled but you risk not selling at all as well if price goes down.

Marc De Mesel

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Re: 10 Million NXT already liquidated by Cell 411
« Reply #12 on: March 28, 2016, 07:14:28 pm »

Sorry, Marc I may have overstepped.  I just re-read your posting again for more clarity.

I originally took it to mean that they had dumped and not delivered. 
But following the links I can see that the reality is this was angel funding and they were trying to protect the purchasing power of what they had.

Besides being a Systems Architect that specializes in blockchain tech, I'm also a hired gun coder and make myself available for this kind of work pretty regularly as a way to supplement my income.

Unfortunately, I see so many of these projects launch with massive investment and then disappear into the void when what they're doing is rather trivial from a technical perspective.

Next time I'll dig deeper before responding.  It is too bad they dumped that much NXT but it is also impressive that the market rebounded like it did.

No worries, I surely hope this app continues to grow the way it did, it's a long shot but if it works out the reward will be big.

devlux

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Re: 10 Million NXT already liquidated by Cell 411
« Reply #13 on: March 28, 2016, 07:53:16 pm »

Sorry, Marc I may have overstepped.  I just re-read your posting again for more clarity.

I originally took it to mean that they had dumped and not delivered. 
But following the links I can see that the reality is this was angel funding and they were trying to protect the purchasing power of what they had.

Besides being a Systems Architect that specializes in blockchain tech, I'm also a hired gun coder and make myself available for this kind of work pretty regularly as a way to supplement my income.

Unfortunately, I see so many of these projects launch with massive investment and then disappear into the void when what they're doing is rather trivial from a technical perspective.

Next time I'll dig deeper before responding.  It is too bad they dumped that much NXT but it is also impressive that the market rebounded like it did.

No worries, I surely hope this app continues to grow the way it did, it's a long shot but if it works out the reward will be big.

Not to scare ya here, but I don't see any way for them to monetize this short of ads or selling user info.

Imagine if you could hire immediate private security from the surrounding populace though.

Think Uber for semi-professional security.
You're a young lady who's been clubbing half the night and some jerk who bought you a drink 4 hrs ago, is now stalking you.
You don't want to deal with the cops, perhaps because the guy hasn't actually committed any crime other than just being a creep.
 
You press a button and minutes later, two guys pull up in an Escalade and umm "have a talk" with the guy.

You could build this by mixing google maps, location api, NXT currency & messaging. 
Monetize it by charging a fixed "per dispatch fee" and a premium based on urgency.
The "help" could then see local calls for help that are 10mins or less from where they're at, accept the job and go resolve the problem.
Payment would complete when the users tap their phones together or something.

We could call it "Dial a Thug!" 
« Last Edit: March 28, 2016, 10:34:24 pm by devlux »
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Marc De Mesel

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Re: 10 Million NXT already liquidated by Cell 411
« Reply #14 on: March 28, 2016, 08:00:49 pm »

Sorry, Marc I may have overstepped.  I just re-read your posting again for more clarity.

I originally took it to mean that they had dumped and not delivered. 
But following the links I can see that the reality is this was angel funding and they were trying to protect the purchasing power of what they had.

Besides being a Systems Architect that specializes in blockchain tech, I'm also a hired gun coder and make myself available for this kind of work pretty regularly as a way to supplement my income.

Unfortunately, I see so many of these projects launch with massive investment and then disappear into the void when what they're doing is rather trivial from a technical perspective.

Next time I'll dig deeper before responding.  It is too bad they dumped that much NXT but it is also impressive that the market rebounded like it did.

No worries, I surely hope this app continues to grow the way it did, it's a long shot but if it works out the reward will be big.

Not to scare ya here, but I don't see any way for them to monetize this short of ads or selling user info.

Imagine if you could hire immediate private security from the surrounding populace though.

Think Uber for semi-professional security.
You're a young lady who's been clubbing half the night and some jerk who bought you a drink 4 hrs ago, is now stalking you.
You don't want to deal with the cops, perhaps because they guy hasn't actually committed any crime other than just being a creep.
 
You press a button and minutes later, two guys pull up in an Escalade and umm "have a talk" with the guy.

You could build this by mixing google maps, location api, NXT currency & messaging. 
Monetize it by charging a fixed "per dispatch fee" and a premium based on urgency.
The "help" could then see local calls for help that are 10mins or less from where they're at, accept the job and go resolve the problem.
Payment would complete when the users tap their phones together or something.

We could call it "Dial a Thug!"

Good idea! :)

The founder Virgil is being approached regularly by security companies and is planning to build his business model on that indeed.

They have no plans to integrate cryptocurrency yet though.


I think if we could IPO fast growing startups like that on the Nxt asset exchange, that would be amazing...

devlux

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Re: 10 Million NXT already liquidated by Cell 411
« Reply #15 on: March 28, 2016, 08:07:57 pm »

Sorry, Marc I may have overstepped.  I just re-read your posting again for more clarity.

I originally took it to mean that they had dumped and not delivered. 
But following the links I can see that the reality is this was angel funding and they were trying to protect the purchasing power of what they had.

Besides being a Systems Architect that specializes in blockchain tech, I'm also a hired gun coder and make myself available for this kind of work pretty regularly as a way to supplement my income.

Unfortunately, I see so many of these projects launch with massive investment and then disappear into the void when what they're doing is rather trivial from a technical perspective.

Next time I'll dig deeper before responding.  It is too bad they dumped that much NXT but it is also impressive that the market rebounded like it did.

No worries, I surely hope this app continues to grow the way it did, it's a long shot but if it works out the reward will be big.

Not to scare ya here, but I don't see any way for them to monetize this short of ads or selling user info.

Imagine if you could hire immediate private security from the surrounding populace though.

Think Uber for semi-professional security.
You're a young lady who's been clubbing half the night and some jerk who bought you a drink 4 hrs ago, is now stalking you.
You don't want to deal with the cops, perhaps because they guy hasn't actually committed any crime other than just being a creep.
 
You press a button and minutes later, two guys pull up in an Escalade and umm "have a talk" with the guy.

You could build this by mixing google maps, location api, NXT currency & messaging. 
Monetize it by charging a fixed "per dispatch fee" and a premium based on urgency.
The "help" could then see local calls for help that are 10mins or less from where they're at, accept the job and go resolve the problem.
Payment would complete when the users tap their phones together or something.

We could call it "Dial a Thug!"

Good idea! :)

The founder Virgil is being approached regularly by security companies and is planning to build his business model on that indeed.

They have no plans to integrate cryptocurrency yet though.


I think if we could IPO fast growing startups like that on the Nxt asset exchange, that would be amazing...

Interesting, let me know if you're interested pursuing it further.  Personally I have a lot on my plate, but in all of my projects, I'm only interested in the development aspects.

If someone really wanted to run any of these things as a business I could arrange a turnkey solution that could be IPO'd directly on the NXT blockchain.
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