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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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50896614 No.50896614 [Reply] [Original]

>Limiting sell orders is a subtle way for a malicious developer to defraud investors. In this situation, the developer codes the tokens so that they’re the only party that is able to sell them.

>> No.50897029
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50897029

anyone is able to put up a sell order, not sure why anyone would do though considering it's precisely the only reason why people are not buying into their sells.

>> No.50898096

>>50896614
The last order placed is filled first?

>> No.50899776

>>50898096
Wow that worked, refresh your orders to sell faster

>> No.50901648

The decision to raise margin position on XCM is going to bite them in the ass badly. A nice chunk has been bitten off of the sell wall over the past 2 days, but we'll return tot 4 digit volume soon enough.
First that sell wall must go, then the sells of everyone who isn't in the book yet because they didn't want to pile up the wall, then all these margins need you close. I don't see how XCM is ever going to break ath. No serious investor wants you touch that book. And the longer that flat 60c graph persists, the worse it will get. Buy at 60c, and you can sell again at 60c next year, maybe. Fucking idiots there in Tallinn.

>> No.50902244

>>50901648
literally this
fuck the price floor
the exchange would've been fine without it

>> No.50902297
File: 617 KB, 1516x1274, volume.png [View same] [iqdb] [saucenao] [google]
50902297

>>50896614
a pathetic excuse for an exchange, only ever shilled in here because some anons got in on the presale
>500k volume
jfc

>> No.50902348

>>50902244
I don't mind the floor, but it was raised too ambitiously and had the worst timing, just before Luna fucked the whole market dry in the shithole.
The 1, 3 and 12c floors did just fine. But their current desperate attempts to find fresh money is just dragging them and us holders deeper into the swamp.

>> No.50902479

>>50902348
Coinmetro hasn't matured enough yet for XCM to be worth 0.60.
Hopefully we'll get some more XCM utility after the new website update, the new exchange update, the new dashboard update and the new margin update.

>> No.50902504
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50902504

I live in Tallinn, never touched the Coinmetro exchange, I know about it and everybody I know who are into crypto use Kraken or even local bank LHV where you can also buy crypto. Theres no initiative for me to use the exchange.

>> No.50902598

>people bought large amounts of XCM when price floor was announced
>price floor made XCM literally worthless

kek, lots of cope in their telegram

>> No.50902631

>>50902598
remarkably little given the severity of the situation
there are people there sitting on 100s of thousands of XCM which cannot be sold anymore

it's not the end of the world but it will need a bull market to be resolved

>> No.50902715

>>50902504
>I know about it
Fat larp, nobody knows about them

>> No.50902734

How do I contact Kevin to redeem my XCM tokens for fiat money?

>> No.50902913

>>50896614
FUCK THE PRICE FLOOR. I don't even want to sell my XCM, I'm just tired of everything else Coinmetro is doing being overshadowed by this bullshit

>> No.50904846

>>50902734
>>50902913
it is not a problem
what you do is the following
you provide an offer for an OTC deal in some dedicated telegram channel
you find a buyer
problem solved

for example : i would buy your bags for 2c / XCM

>> No.50904999

>>50904846
>for example : i would buy your bags for 2c / XCM
i offer 3c.

>> No.50905065

>>50904846
You're not listening. I don't want to sell my fucking XCM. I'm keeping my 1M XCM staked until Kevin rugs and flees to Cancun. What I want is the focus to be off the stupid fucking price floor. What has this achived, other than a torrent of negative publicity?

I know most of the retards brigading the tg about it are just LCX pajeets, but it's still annoying as fuck. Imagine if CM had gone for a lower price floor, protected it during the worst of the dip, and it was lifting off right now. Imagine how much better the atmosphere would be.

>> No.50905072

>>50898096
>>50899776
This is a known bug. >>50647055

>> No.50905087

I do think it's very funny that XCM is imploding because Kevin thought it would be smart to push the price floor up again in a fucking bear market

>> No.50905182

>>50905065
Also, further to this, the longer this runs for, the bigger an issue it becomes.

How much XCM has been bought at 60c now? Millions? And that is slowly increasing. And so, reducing the price floor is going to fuck them over. So: either Coinmetro fucks over loyal buyers by dropping the price floor; rewards people who want to cut and run by buying out the sell wall at 60c giving them a massive free cashout to go and spend on other exchanges; or leave things as they are, with no promising price action to tempt buyers and cunts buying up XCM for 20c in OTC transactions and then adding to the sell wall in anticipation of eventually being bought out.

>>50905087
He seemed to genuinely believe there was no bear market.

>> No.50905193

>>50905182
The solution would have been to drop it within the first week or so, when the massive dumps began. Everything now is just utterly, utterly fucked.

>> No.50905212

>>50905182
Price floor is not going to be lowered.
OTC deals under the floor are not allowed

>> No.50905251

>>50905212
Lol. Peeps on the tg are literally passing along people to OTC deals (via Harold, seemingly) even after the ban. It's happening.

>> No.50905254

>>50904999
>ID: HOE

>>50905072
You're trying to bait people into going in the end of the queue?

>>50905212
>OTC deals under the floor are not allowed
Can't stop anyone from using a middleman or smart contracts for a trustless limit order trade.

>> No.50905402

>>50905251
>>50905254
Yeah just go on uniswap that's not what I'm saying though, just that cm itself isn't handeling them

>> No.50907624

>>50902348
How the fuck could they possibly think they could raise the floor from 12 cents to 60 cents in one shot? The only way that would be justifiable is if XCM kept above 80 cents for more than 3 months consistently
They should have raised it to no more than 30 cents

>> No.50908469

>>50907624
To try and protect the mtvo cult who pumped millions into XCM, buying up to 60c.
And now we'll be stuck in this situation until at least end of 2023.

>> No.50908605
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50908605

>>50908469
It is so absurd to me that some delusional idiots are going to make bank buying the best exchange instead of real VCs. Although thinking about it I'm not sure if that's better.

>> No.50910211

>keep the floor but mint a new xcm with 1/3 of the supply

Why wont they do it? Xcm was around 20 cents before this floor nonsense

>> No.50910236

>>50910211
>>keep the floor but mint a new xcm with 1/3 of the supply
I guess that's one way to "not lower the floor", but it's obviously the same thing.

>> No.50910319

How about he stops listing those shitcoins as well

>> No.50912124

KEVIIIIIIIIIIIIIIIIIIIIIIIIIIIIN NO ONE WILL BUY IF THEY SEE A FLAT LINE ON THE BOOK FOR THE PAST SIX MONTHS

IT LOOKS LIKE SOME WEIRD FUCKING SCAM YOU BALD FUCK