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91
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« Last post by dzarmush on April 11, 2018, 12:09:39 am »
It all depends on how we will release it. I would like to see maintaining dollar parity as popularity grows.

Why would anyone want to buy Sim if you won't let the price go higher by releasing new coins? And if the price go down you can't take those coins back which makes everything even worse.

I showed you that it's not unreasonable to expect 100,000% ROI. If that's not enough for you, then I don't know what to say, really. That's some astronomical-level greed there.

100,000% ROI? What are you talking about? Sim market cap (with 400M supply) has to be 120,000 BTC (840 billion dollars) to bring 100,000% ROI to initial investors.
92
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« Last post by NxtChg on April 10, 2018, 11:54:37 pm »
Why not. If I just hold my BTC instead of investing it in Sim I'd have $150K by now. And by investing them in a random coin from top 100 I'd most likely have $1.5M by now. Unreasonable or not but a simple fact.

Wait, so you are comparing your investment to what you could have got if you had a time machine?!

I don't know how to respond to this, honestly. If you have a time machine, go back, put all your money into BTC, that's what I would do too.

If you don't have a time machine, then what's the point of such comparison?

It's like going to a shareholder meeting of a penny stock company and complaining about share price being too low because "you would have got a lot more money if you invested in Apple stock 10 years ago instead".

I don't see how you can increase supply 1000 times and make it look fine.

By not releasing it immediately? As I said, initially the situation would be exactly the same - 400 M available. Why is it important what will be there in 10 years? If Simcoin takes off, in 10 years it will be worth hundreds of billions, if not, then the situation is absolutely the same as was promised from the start.

if it is having 10000% inflation a year

It all depends on how we will release it. I would like to see maintaining dollar parity as popularity grows. The exact mechanism is not yet clear, but this is the goal. So the total supply might not even be released at all in the foreseeable future.

I showed you that it's not unreasonable to expect 100,000% ROI. If that's not enough for you, then I don't know what to say, really. That's some astronomical-level greed there.
93
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« Last post by dzarmush on April 10, 2018, 11:40:06 pm »
and not guaranteed at all

LOL, so not only you expect 100,000% return, but also some sort of a guarantee? :)

Come on...

I've got 18M coins which would be $1.8M which is only x12 from my investment.

7 BTC at the time of ICO was ~$4500, so it's 400x, not 12x.

The fact that BTC was pumped to ridiculous heights has nothing to do with it. You can't measure your investments by the most profitable instrument on the market.

Why not. If I just hold my BTC instead of investing it in Sim I'd have $150K by now. And by investing them in a random coin from top 100 I'd most likely have $1.5M by now. Unreasonable or not but a simple fact.

I don't see how you can increase supply 1000 times and make it look fine. There should be some really thought out rules for releasing new coins and they should be really profitable for those who hold coins throughout all the upcoming years. Otherwise there's not a single reason not to dump as soon as possible and not buy a single coin ever if it is having 10000% inflation a year. How could you even come up with such idea?..
94
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« Last post by NxtChg on April 10, 2018, 11:17:49 pm »
and not guaranteed at all

LOL, so not only you expect 100,000% return, but also some sort of a guarantee? :)

Come on...

I've got 18M coins which would be $1.8M which is only x12 from my investment.

7 BTC at the time of ICO was ~$4500, so it's 400x, not 12x.

The fact that BTC was pumped to ridiculous heights has nothing to do with it. You can't measure your investments by the most profitable instrument on the market.
95
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« Last post by NxtChg on April 10, 2018, 11:15:59 pm »
1B coins – $100M market cap – price of one coin is $0.1
I've got 18M coins which would be $1.8M which is only x12 from my investment.

Initial supply will be 400 M, this was set from the very start.

So one coin will be worth $0.25 = $4,500,000 for you. This gives you 1000x back = 100,000% ROI. Not bad.

Overall I must say, it seems people got absolutely unreasonable about their returns. I don't think even drug money would be nearly that profitable...
96
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« Last post by dzarmush on April 10, 2018, 11:09:29 pm »
If one day Sim reaches $1B market cap and it has 1 trillion coins by then I'll lose 80-90% of my investment. Its market cap should be $10B just to make it even for me and $100B (current BTC market cap) to give me 1000% profit.

I think your math is incorrect. To get into 100 coins, which is not unreasonable, the market cap needs to be $100 M, in which case your 20 M SIM will be equal to $5,028,840. This would be 111,752% ROI on your investment.

Probably because you are calculating market cap by the total, instead of available supply?

1B coins – $100M market cap – price of one coin is $0.1
I've got 18M coins which would be $1.8M which is only x12 from my investment.

And all of it only in case Sim with 1B supply gets to top 100 which isn't easy and not guaranteed at all. With 1 trillion coins all initial investors could just forget about their coins and move on.
97
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« Last post by NxtChg on April 10, 2018, 10:53:26 pm »
If one day Sim reaches $1B market cap and it has 1 trillion coins by then I'll lose 80-90% of my investment. Its market cap should be $10B just to make it even for me and $100B (current BTC market cap) to give me 1000% profit.

I think your math is incorrect. To get into 100 coins, which is not unreasonable, the market cap needs to be $100 M, in which case your 20 M SIM will be equal to $5,028,840. This would be 111,752% ROI on your investment.

Probably because you are calculating market cap by the total, instead of available supply?
98
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« Last post by dzarmush on April 10, 2018, 10:43:49 pm »
So it means in the end for about 7 btc I put into Sim I'll get some dust instead of a pretty solid bag? ) That's a bold move. Would be the first ICO when you buy a lot of coins but finally get nothing.

Nothing will change at the time of release - the exact same 400 M will be available, so your share of the total supply will be the same.

But gradually the supply will grow and maybe in 10 years your stake will be significantly smaller.

But. It would also be quite unfair if for 7 BTC (~$4.5 k) you got 20 million dollars. That's 453,514% ROI if my math is correct :) People would scream bloody murder for that kind of "premine" :)

7 btc at some point was (and most like will be again) almost 150 thousand dollars. Sim should be in top 100 coins by market cap to give 1000% profit. For 3 years hold it's not that much. That money could be invested in almost any other coin to make 10000% profit by now.

If one day Sim reaches $1B market cap and it has 1 trillion coins by then I'll lose 80-90% of my investment. Its market cap should be $10B just to make it even for me and $100B (current BTC market cap) to give me 1000% profit.
99
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« Last post by NxtChg on April 10, 2018, 10:13:14 pm »
So it means in the end for about 7 btc I put into Sim I'll get some dust instead of a pretty solid bag? ) That's a bold move. Would be the first ICO when you buy a lot of coins but finally get nothing.

Nothing will change at the time of release - the exact same 400 M will be available, so your share of the total supply will be the same.

But gradually the supply will grow and maybe in 10 years your stake will be significantly smaller.

But. It would also be quite unfair if for 7 BTC (~$4.5 k) you got 20 million dollars. That's 453,514% ROI if my math is correct :) People would scream bloody murder for that kind of "premine" :)
100
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« Last post by dzarmush on April 10, 2018, 09:59:58 pm »
Everybody will be holding the same percent of coins after the supply is increased.
No, actually, he is correct. The idea is to just increase the possible max total supply, but not distribute it right away. So in the future we won't have to deal with 0.001 prices.

So it means in the end for about 7 btc I put into Sim I'll get some dust instead of a pretty solid bag? ) That's a bold move. Would be the first ICO when you buy a lot of coins but finally get nothing.
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