Author Topic: OBITS VOTING. Please feel free to leave your comments and suggestions  (Read 5020 times)

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Offline prebuffo

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Re: OBITS VOTING. Please feel free to leave your comments and suggestions
« Reply #15 on: September 30, 2016, 07:59:38 am »
 Check  : http://obits.io/voting/

 it seem that the Voting on Obits Policy Change is resumed.

 WTF?

Offline KenMonkey

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Re: OBITS VOTING. Please feel free to leave your comments and suggestions
« Reply #16 on: October 01, 2016, 06:57:37 pm »
Hi @ccekd, [member=42214]ccedk_pro[/member], Ronnie,

Hokay. If sharedropping wins the vote, we better not see any of the profit going to the accounts "obits" or "ccedkbts" or "ccedk-cold" or related accounts. The OBITS in those accounts should not be calculated as part of the total. right?

That would be outrageous. PLEASE ASSURE US that trying to change this thing to sharedropping is not a scam.

Thanks in advance.

-Kendall

Offline lil_jay890

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Re: OBITS VOTING. Please feel free to leave your comments and suggestions
« Reply #17 on: October 02, 2016, 01:37:28 pm »
Hi @ccekd, [member=42214]ccedk_pro[/member], Ronnie,

Hokay. If sharedropping wins the vote, we better not see any of the profit going to the accounts "obits" or "ccedkbts" or "ccedk-cold" or related accounts. The OBITS in those accounts should not be calculated as part of the total. right?

That would be outrageous. PLEASE ASSURE US that trying to change this thing to sharedropping is not a scam.

Thanks in advance.

-Kendall

He already said that those accounts would be excluded from the sharecropping

Offline KenMonkey

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Re: OBITS VOTING. Please feel free to leave your comments and suggestions
« Reply #18 on: October 03, 2016, 12:13:26 am »
Oh super, I didn't catch that. Where was this already clarified?

 Sharecropping sure got easier in the modern day lol.
« Last Edit: October 03, 2016, 12:15:14 am by KenMonkey »

Offline ngdias

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Re: OBITS VOTING. Please feel free to leave your comments and suggestions
« Reply #19 on: December 02, 2016, 07:23:00 pm »
OBITS website sold the asset also as a long-term investment:
"4. OBITS tokens can be traded and used as a speculative instrument or as means of profiting from a long-term cryptocurrency investment."

But in spite of the monthly buybacks, the price just keeps going down. 11 months ago, a 10k BTS investment in OBITS would yield about 408 OBITS. If those OBITS would be sold today, they'd be worth about 7500 BTS. In USD, that was an investment of 33.6 USD that is worth today 27.3 USD. Every time there is a buyback, there is an increase of price, but that seems to be only temporary, and does not translate to a real value increase of the token as time goes by. The long term chart is very clear, although right now it doesn't get displayed in the webpage (using Linux, either Firefox or Chromium).

I understand that as a speculative instrument, if you buy and sell every month you can set yourself for a nice profit, but as a hold and wait this buyback system seems to be a terrible idea.
What was the voting result after all - the final numbers are messed up - and what is going to happen in the future?
« Last Edit: December 02, 2016, 07:25:03 pm by ngdias »

Offline lil_jay890

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Re: OBITS VOTING. Please feel free to leave your comments and suggestions
« Reply #20 on: December 02, 2016, 08:12:25 pm »
OBITS website sold the asset also as a long-term investment:
"4. OBITS tokens can be traded and used as a speculative instrument or as means of profiting from a long-term cryptocurrency investment."

But in spite of the monthly buybacks, the price just keeps going down. 11 months ago, a 10k BTS investment in OBITS would yield about 408 OBITS. If those OBITS would be sold today, they'd be worth about 7500 BTS. In USD, that was an investment of 33.6 USD that is worth today 27.3 USD. Every time there is a buyback, there is an increase of price, but that seems to be only temporary, and does not translate to a real value increase of the token as time goes by. The long term chart is very clear, although right now it doesn't get displayed in the webpage (using Linux, either Firefox or Chromium).

I understand that as a speculative instrument, if you buy and sell every month you can set yourself for a nice profit, but as a hold and wait this buyback system seems to be a terrible idea.
What was the voting result after all - the final numbers are messed up - and what is going to happen in the future?

Every asset bought in the BTS ecosystem seems to constantly lose value... The assets are pumped hard when they are first introduced, and when those assets don't go to the moon immediately after launch, the early buyers dump.

Plus BTS is in a constant downtrend as well...

Offline yvv

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Re: OBITS VOTING. Please feel free to leave your comments and suggestions
« Reply #21 on: December 02, 2016, 08:36:50 pm »
Quote
but as a hold and wait this buyback system seems to be a terrible idea

This seems to be an excellent idea for CCEDK. By selling OBITS, they basically borrowed money from a bunch of people. Now, by buying back, they are basically paying off their debt ... to a guy who is asking least of all. They sold for more, they buy back for less -> good for them.

Offline ngdias

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Re: OBITS VOTING. Please feel free to leave your comments and suggestions
« Reply #22 on: December 21, 2016, 03:35:56 pm »
Can we have an official post with the results of the voting? The graphs changed significantly and the numbers do not match in percentage and numbers of votes.