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/biz/ - Business & Finance


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3428710 No.3428710 [Reply] [Original]

omg exploding in 2 days

>> No.3428719

>>3428710
Tomorrow in fact

>> No.3428725
File: 72 KB, 520x720, apple-158419_960_720.png [View same] [iqdb] [saucenao] [google]
3428725

>>3428710
gimme dat apple

>> No.3428742

Gonna say... 15? Why the fuck not, seems like a solid number.

Omise hodler market op

>> No.3428749

U fegs better be right, my little ass is strapped in, better not be challenger explosion

>> No.3428773
File: 6 KB, 204x198, 1425988864374.jpg [View same] [iqdb] [saucenao] [google]
3428773

>>3428710
price droppin now

>> No.3428775

Who else all in master race?

>> No.3428777

>>3428775
all in with 3x margin :)

>> No.3428785

>>3428777
>trips
Nice, I would do that too but I live in burgerland.

>> No.3428796

>>3428777
Kek you absolute madman what exchanges do you use for leverage ?

>> No.3428817

>>3428796
bitfinex

>>3428777
KEK WILLS IT

>> No.3428862

towards the top or the bottom ?

>> No.3429043

Why 2 days? Is there anything planned or are we just hoping?

>> No.3429064

>>3429043
Apple conference tomorrow, the hope is that they're using Omise face recognition technology

>> No.3429065

>>3429043
This OP is just some retard Pajeet implementing reverse psychology FUD.

> Jun, CEO of Omise and OmiseGO, will be on the Disrupt SF 2017 ICO Panel
> Date is Sept. 18-20
> I'm not sure when exactly he will be talking, or maybe he'll talk about it all 3 days, but that's the given date in the article
> He will talk about Omise and, an ICO panel, their ICO OmiseGO

>> No.3429086

>>3429064
Apple acquired PrimeSense, the creators of the Kinect motion sensor, just for that... they don't need Omise's FacePay tech.

>> No.3429101

>>3429086
Sometimes they just acquire the competition and let the tech die

>> No.3429103

>>3428710
Exploding downards when you realise the Apple shit was simply just a sticker and a meme

>> No.3429104

>>3429064
you guys are fucking morons

>> No.3429124

>>3429064
are people actually expecting this because if they are I'm selling.

>> No.3429159
File: 516 KB, 808x805, 1503210338804.png [View same] [iqdb] [saucenao] [google]
3429159

is it time to post wojak?

>> No.3429192

>>3429124
>not waiting for the best time to sell
>which is 5 minutes before the meeting
>not rebuying the dip when everyone sells after being disappointed by the meeting

>> No.3429198

>>3429103

Holy shit can all the apple niggers PLEASE stfu?

>>3429124
also if you think the meme has any actual impact on the price, then you are jsut as stupid as the niggers who think its real

>> No.3429219

>>3429086
>>3429104
>>3429124
I didn't say this was happening, I said some people hope this will happen. I don't know how much of OMG's current value is based on this speculation

>> No.3429245

>>3428710
my prediction is tuesday/wednesday this week

>> No.3429261

At least there's Binance listing OMG tomorrow.

>> No.3429266

>>3429261
It's going to be interesting to see what happens with that.

Binance needs OMG more than OMG needs Binance, so I think the typical Binance listing pump and dump won't happen with OMG.

>> No.3429267

The Face recognition software is trending Facebook, but they're not plugging that Omise is used to pay for it... le sigh.

>> No.3429277

>>3428710
i want to like this coin but with all the shilling here like eth seems it will never happen

>> No.3429290

>>3429267
Cos it hasn't been announced yet

>> No.3429301

>>3429267
>le sigh
Shit lads, looks like Reddit is overflowing. Get the flammenwerfer.

>> No.3429305

>>3429219
A significant amount imo, same with google partnership... both total bollocks

>> No.3429342

>>3429219
Its entire value is based off speculation.

>Money skele on board as an advisor.
OMG will be next eth it will surely reach $300 too just like eth did, I won't miss out this time
>Picture of devs with Ronald Mcdonald
OMG will be partnered with Mcdonalds and used all over thailand!!
>Picture of team using a fucking google sign above a reception as a photo shoot
OMG they are literally partnering with google!! holy shit buy now before they announce google is on board!

And ofcourse best for last
>The main dev has an apple sticker on his skateboard, he uses it as his profile picture
They must be partnering with apple for sure
>OMG HE JUST TOOK THE SKATEBOARD TO MORE PHOTOSHOOTS APPLE CONFIRMED
>OMG THE APPLE SKATEBOARD IS IN A PHOTO WITH MONEY SKELETON BUY BUY BUY BUY

Its a fucking brainless hype bubble thats due to burst any day now, of all those claims i think the only one that OMG has any truthful actual partnership planned with is McDonalds and even then I'm sure it's not actually going to be as big of a partnership as they would lead you to think right now, only thing this dev team has proven itself good at is getting the rumour mill going and building hype and speculation, in fact they encourage it and refuse to answer questions about the apple thing and instead reply with winky faces ect and that is horrible business practice.

>> No.3429362

>>3429305
In the case of Google not really, if it was that easy to stroll into Google HQ and take a selfie every shitcoin would do it to pump their price. At least Omise had some business there which implies trust, i.e. that OMG could be a reasonably safe store of value which is something most shitcoins don't offer

>> No.3429366 [DELETED] 

>>3429342
>winky faces
ALL IN

>> No.3429380

>>3429342
I agree with McDonald's but it doesn't mean anything. For example the company I'm working on has them as a client too, but what I understand is that McDonald's tries to partner with startups and rising companies in general. It's not something that should boost the price.

>> No.3429384

>>3429342
what business do you run that gives you any perspective on what they're doing? because to me, it's a forgiveable amount of hyping for an established company, vetted team and industry-level investors.

>> No.3429394

>>3429380
People are trying to invest in crypto and 99% of coins are scams. Mcdonalds/Google/Vitalik stuff at least reassures people that it's a real project and not some quick pnd. That is all

>> No.3429402
File: 77 KB, 500x500, 1503579208887.jpg [View same] [iqdb] [saucenao] [google]
3429402

Pls explode. I can't take it anymore senpai.

>> No.3429412

>>3429380
I agree with everything else that the guy said, but I don't think most of you guys actually understand what's going on with the McDonald's """Thailand"""" partnership.

They met with the CEO of McDonald's Thailand (you can see him in the picture of their tweet), and from what I've read, every single McDonalds in Thailand will replace their current payment system to Omise's payment system (slowly but gradually). This has to do with OmiseGO directly.

>> No.3429435

>>3429394
Fair point, it's a solid project. The problem is that they set their expectations too high, like $20 by next month and that kind of shit.

>> No.3429445

>>3429412
This has nothing to do*

>> No.3429464

>>3428710
QTUM doing it now

>> No.3429485
File: 22 KB, 776x548, jun.jpg [View same] [iqdb] [saucenao] [google]
3429485

Jun the CEO seems to be in the US. particularly West Coast. His Techcrunch talk is scheduled is 18 - 20. so he is ther 1 week early...

>> No.3429497

>50 btc sellwall down in seconds

So much for that push down mr. whale

>> No.3429513

>>3429497
smells like chink news...

>> No.3429522

>>3429485
apple partnership confirmed!!!
BUYBUYBUY
BUY IT ALL

>> No.3429527
File: 85 KB, 511x619, o.png [View same] [iqdb] [saucenao] [google]
3429527

>>3429342
everything about this is the truth and it sucks to see people still falling for it.

>>3429384
it's a 2 year old startup, and not even that big of one (they raised only about $20M from VCs). they aren't established, vetted, or industry-leading or whatever nonsense you're telling yourself. $1B market cap for a 2 month old token that has no code and does nothing is not "forgiveable" hype.

>>3429435
>it's a solid project
? it's a useless token right now

>> No.3429533

>>3429522
Checked! Holllllyyyyyyyyyy fuuuuuuqqqqqqqqq

>> No.3429538

>>3429485
Damn that's quite intriguing actually!

>> No.3429550

>>3429485
shieeeeet

>> No.3429552
File: 27 KB, 480x480, IMG_1447.jpg [View same] [iqdb] [saucenao] [google]
3429552

>>3429485

>> No.3429583
File: 68 KB, 640x640, 31F51EFA-56F4-4DC7-91E2-F0C599B0C554-1498-0000014370ABD389.jpg [View same] [iqdb] [saucenao] [google]
3429583

>>3429527
you're acting as if the parent company being one of the largest payment processors in SEA is unimpressive. you're acting as if their YoY growth is unimpressive. clearly you've fallen for the idea that they need to capture the entire western market to be a success. and since we're on biz, i'm going to have to remind you to FUD harder faggot.

>> No.3429589

Hm with this moon i feel really confident about holding my position at 11.16.
i would get liquidated at 9.12.

Anyone can tell me how long i can have a margin position on bitfinex?
Do the hourly fees push up the liquidation price? or how does it work?

beacuse i would just let it up for the rest of the month

>> No.3429609

>>3429583
do you have any evidence of them being the largest payment processor in SEA?

>> No.3429611

>>3429485

Buy buy buy buy

>> No.3429622

>>3429589
as long as you want/are sufficiently funded

>> No.3429625

>>3429609

Yes, they said so.

>> No.3429684

>>3429622
Could you help me out quick?
I have 20 unused OMG left in my margin wallet,
i simply dont understand in which way the fees get payed.

At the end of my Trade when i close it?
At the end of each day?

I havent found anything helpfull to this on bitfinex itself

>> No.3429693

>>3429485
What app is this

>> No.3429729

>>3429693
Looks like his slack account show localized time. Anyone in the channel should be able to check. The question is if he is there for other reasons. I'm a bit hopeful.

>> No.3429733

>>3429609
they're categorically, factually speaking not.

>> No.3429734

>>3429609
https://techsauce.co/en/fintech-en/omise-story

>> No.3429739

>>3429693
It's the omisego slack and Js (Jun Hasegawa) local time seems to be SF local time.

>> No.3429740

>>3429684
If you don't know you can get rekt. I only trade margin on Bitmex but you should understand the terms in full before trading on margin.

>> No.3429760

>>3429734
that provides no numbers to support the claim, try again

>> No.3429763

>>3429729
Maybe... maybe not... still one week near Silicon Valley definitely is not just vacation.

>> No.3429800
File: 22 KB, 269x269, 67C0E8E3-4C05-46F8-84AE-5110C74A99E2-28330-00001AF1B75041EB.jpg [View same] [iqdb] [saucenao] [google]
3429800

>>3429760
i'm not google. nor did i claim Omise is "the largest," rather "one of the largest" but i can tell you $150MM USD is a commonly cited number when referring to their daily transactions.

what gets me about OMG FUDsters is that they truly believe the parent company has to be an overnight success in order for the token to be a good investment. they're either literally retarded or at least willfully obtuse about the situation most crypto investors find themselves in: we are trying to invest in something on the ground floor. so fuck off and do your own research. that's how i've realized 400% gains so far.

>> No.3429846

>>3429362
> if it was that easy to stroll into Google HQ and take a selfie
I can literally walk down to the lobby and take a selfie right now

>> No.3429861

>>3429846
do it right now

>> No.3429878

>>3429800
No we just realise that the sucess of Omise is being vastly overstated and that OMG is currently overvalue...

>> No.3429894

>>3429846
Hi Moot, we miss you.

>> No.3429900

>>3429846
So why doesn't alction no. 20 - 1000 do that in order to temporarily pump their price? Because they would get sued perhaps?

>> No.3429905

Have they delivered anything at all? This seems to be 100% hype

>> No.3429911

>>3429485
Damn this could actually be significant.

>> No.3429926

>>3429905
Omise made facepay i guess. And they have processed payments. Right?

>> No.3429959

>>3429905
Its mostly hype buy its created by a legitimate company that has experience in the paymeny world.

>> No.3430072

I did a bit of googling, here are the top 3 Thai payment solutions
> Paysbuy (has its own e-wallet, and license from the State Bank of Thailand to conduct operations with electric money)
> Unitry (specializes in gaming payments; most transactions are done with prepaid cards)
> True Money (HUGE, the leader with 60-70% of the market)

For those wondering, "Where's Omise?"
> Omise is a 3 year old startup
> They acquired PaysBuy, the first e-wallet payment service in Thailand (since 2004), Omise == Paysbuy

> The total amount of money that went through the Omise payment network was around 2 billion baht, or $60 million (I can't tell which year)
> Not sure about the other ones, but I doubt Omise is number one
> 38% credit card, 32% cash, 30% internet banking
> Consider that there are other smaller & less popular payment gateways/networks in Thailand
>> Bangkok Bank, 2C2P, Thaiepay, SiamPay, K-Payment Network, etc.

>> No.3430117

Given all the potential info to do with apple and now the time zone thing it seems crazy to not acknowledge some possibility of it. Unlikely sure but there is a lot of things that make sense at this point

>> No.3430118
File: 221 KB, 568x479, green wojak.jpg [View same] [iqdb] [saucenao] [google]
3430118

>>3429485
BUY BUY BUY

>> No.3430135

Didn't someone weeks ago explain how Apple tends to bring smaller companies/CEOs or whatever up on stage to present shit at their conferences? I have no clue - just asking

>> No.3430148

My favorite part of the Apple rumor is the Thai flag colors being used for the logo on the conference page!

https://www.apple.com/apple-events/september-2017/

>> No.3430160

https://twitter.com/JUN_Omise/status/517704867846963200

>> No.3430166

>>3430072
Also
> Paysbuy has a partnership with Alipay*
> Alipay integrated Paysbuy's merchant payment gateway into their platform, so that Chinese tourists can pay for goods and services in Thailand
> Alipay is a payment platform that connects merchants with Chinese [tourists]
> Over 10 million Chinese tourists travel to Thailand each year

>> No.3430172
File: 196 KB, 750x676, 42432.png [View same] [iqdb] [saucenao] [google]
3430172

>>3430148
really makes u think

>> No.3430201

>>3430172
God this is going to crash and burn tomorrow when nothing happens.

>> No.3430211

>>3430160
What the fuck, it took Apple 3 years to respond to that email?! This is shilling at the highest level.

A huge company like Apple isn't going to all the sudden USE a crypto token anything in these times of uncertainty

>> No.3430223
File: 41 KB, 1200x757, 1200px-Apple_logo_Think_Different_vectorized.svg.png [View same] [iqdb] [saucenao] [google]
3430223

>>3430211

>> No.3430238

Omg holders are on the level of digimarines at this point but thats because they all missed out on neo and theyre still desperately trying to cope by hyping up every little thing

Look at how they fud neo. Neo holders could care less about omg but when omg does well you can be sure to see some lashing out against neo. Its pretty hilarious

>> No.3430244

>>3430211
Actually big companies tend to take long to settle a deal. They were probably working on the backstage for a long while. Like my company working with McDonald's for a year now and we're only going to announce it next year because we want to be sure about our product. You don't just announce software releases like that.

>> No.3430249

>>3430238
fuck off NEO NAZI

>> No.3430252

>>3430223
A+

>> No.3430253

>>3430244
Which Coin faggit?

>> No.3430256

>>3430238
Kek neo is a sinking ship

>> No.3430263

>>3430244
Go back to your pnd scamcoin, fgt.

>> No.3430265

>>3430238
I was in the NEO moon and sold at $55. Try to grasp the following: I still like OMG and am investing heavily.

>> No.3430266

>>3430238
I remember OMG took the 11th place on coinmarketcap for a day and when NEO took it back /biz/ was full of more shit than pajeet street

>> No.3430272

>>3430238
except omg is sitting quite comfortably just below ath trading sideways.
While digibyte sunk like a rock after its first news and a continued downtrend for months except for a few pnd periods.
Neo is also in a downward trend, see you at the bottom bagholder

>> No.3430273

>>3430253
Not a coin, just some hiring software they want to implement. My point is that big companies don't go around announcing potential partnerships like that until they're completely ready to use the product officially.

>> No.3430304

>>3430238
I love the tears of neo bagholder

>> No.3430344

>Tim Cook announces upcoming feature to Apple Pay
>Jun rides out onto stage on his skateboard
>He stares at the camera with millions watching and says
>check dubs

>> No.3430355

>>3430344
>check check

>> No.3430359

>>3430344
Guddamn.

>> No.3430364

>>3430344
kek, this made me laugh atleast

>> No.3430368

>>3430272
>>3430304

Look at how offended and spineless omg holders are lol. They immediately start lashing back as if neo did something to them...they are coping so hard theyre basically delusional at this point

>> No.3430374

>>3430244
How do i invest in your company so can get those gains?

>> No.3430378

>>3428710
look what happened to DNT and OAX after being added on Binance
OMG=CRASH

>> No.3430383

>>3430344

daaaaaaaayuuuuum..

I'm down like charlie brown.

>> No.3430384

>>3430368
Give me your address. I will beat you up.

>> No.3430387

>>3430344
Top fucking kek right here boys. A real mans kek. A kek to be remembered for the ages to come.

>> No.3430391

Too late to get in???

>> No.3430393

>>3430374
It's still extremely contained and all tests are done in Thunder Bay, so it's not out for investors yet unless you live near there to go to a conference and talk to us directly. I suspect it's more or less what they're doing in Thailand with Omise's payment system, it's not about to go global yet.

>> No.3430400

>>3430344
holy fuck, BUY BUY BUY

>> No.3430405

>>3430384

The only thing you can beat is your meat

>> No.3430407
File: 7 KB, 250x222, 1503412821969.jpg [View same] [iqdb] [saucenao] [google]
3430407

>>3430344
holy sheeeeet

>> No.3430409
File: 106 KB, 610x612, 1503909555661.jpg [View same] [iqdb] [saucenao] [google]
3430409

>>3428710
Want more OMG, cant interpret the charts for shit, are we currently in a holding pattern with possibly no sharp dip or highs in the near future? Is this a resonable time to accumulate more for a long haul?

>> No.3430410

>>3430378
low market cap coins are different than OMG

>> No.3430420

>>3430391
its never to late

>> No.3430447
File: 156 KB, 1824x955, Untitled.png [View same] [iqdb] [saucenao] [google]
3430447

>>3430368
>took months to move anywhere in the beginning
>has been on a downtrend for an entire month, losing over half its value
>this started before the Chinese FUD

>> No.3430450

>>3430391
buy now its dipping

>> No.3430474
File: 56 KB, 657x527, 1495745916253.jpg [View same] [iqdb] [saucenao] [google]
3430474

>>3430344
It sound too good to be true, but dubs confirm. Praise kek.

>> No.3430479

>>3430447
Text book pump and dump.

>> No.3430491

>>3430450
Some is moving to qtum I'd say.

>> No.3430496

I still have my 8.15 dollar OMG that will chill there.

Me and that one anon said everyone should chill and hold. So chill and hold.

>> No.3430522

>>3430344
moon mission fucking confirmed

>> No.3430582

>>3430344
>The power of dubs resurrects Steve Jobs and pushes OMG price to 200$ overnight

>> No.3430623
File: 203 KB, 474x444, 1503704182891.jpg [View same] [iqdb] [saucenao] [google]
3430623

>>3430344
Thank you money skeleton

>> No.3430751

>>3430391
It's on a slight downtrend, it's the best time to buy. Only news can make it jump up or down so there's probably no other dip ahead.

>> No.3430772
File: 134 KB, 800x886, Wizardry.jpg [View same] [iqdb] [saucenao] [google]
3430772

>>3430344
checked and kek´d

>> No.3430827
File: 174 KB, 1344x658, Screen Shot 2017-09-11 at 19.15.29.png [View same] [iqdb] [saucenao] [google]
3430827

Prices are always kept down low right before the coin moons. Hmmmmmm..

>> No.3430833
File: 180 KB, 404x416, 1442758663895.gif [View same] [iqdb] [saucenao] [google]
3430833

>>3430344
BUY BUY BUY

>> No.3430846

>>3430344
>>3430355
>>3430400
MOON MISSION CONFIRMED

>> No.3430860

New "update" from JUN https://twitter.com/JUN_Omise/status/907277119117389824

>> No.3430865

Reminder that OMG has actually literally never had a downturn

>> No.3430886

>>3430846
My dubs also confirm

>> No.3430891
File: 25 KB, 667x659, 1504547348761.jpg [View same] [iqdb] [saucenao] [google]
3430891

WE MOON?

>> No.3430892
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3430892

>> No.3430912
File: 27 KB, 1304x274, OmiseGo-open-bid.png [View same] [iqdb] [saucenao] [google]
3430912

I'm a newfag to bittrex, why isn't the bid thing going quickly like it did in the tutorial videos/

>> No.3430913

>>3430860
Wow stickers!!!!! Buy buy buy

>> No.3430918

>>3430912
because no one is selling you at that price dumdum

>> No.3430939

>>3430918
how do I change the price?

>> No.3430951

>>3430939

u arent serious, right?

>> No.3430971

>>3430172
red white and blue is literally 50% of the worlds falgs

>> No.3430973

>>3430939
Dude. Run and don't look back.

>> No.3430985

>>3430892

fuck this tho.

if omise would be even fucking mentioned tomorrow in the iphone 8 release we would see that $50 for sure, but it aint.

and there are some hypebois who think that this pic actually tells that omise made apple's face recognization system and this means that we like see a minor dump tomorrow.

>> No.3430991

>>3430912
its a boomer in the wild
>I hope you all invested boys because the now the real bubble is coming

>> No.3431026

>>3430985
I really expect nothing to happen followed by Jun posting a picture of himself with an Apple while eating a bowl of Alphabet soup.

>> No.3431034

>>3431026
kek

>> No.3431059
File: 414 KB, 432x768, V_5vqKULMwnJxR0kUgwmcXs8DM35bOGW03BnP4HACOI.png [View same] [iqdb] [saucenao] [google]
3431059

>>3429538

its not.

hes been apple fan for ages, ofc hes going to attend the release.

>> No.3431237

OMG is the crypto equivalent to Supreme clothing.

We hypebeast now.

>> No.3431251

>>3430912
Hahaha buying omg at 15k i wish we could anon would be a dream
Pd. i wouldn't sell you my omg for less than 32k tho

>> No.3431360

By now it should be extremely obvious that Apple news will happen. The OmiseGO twitter has always debunked rumours when they are not true, like with the Coinbase partnership. But they have remained completely silent about Apple and keep revealing subtle hints to their partnership. It seems like he's holding that skateboard in almost every pic Jun takes. Something is definitely up and whatever it is, it will make OMG holders rich.

>> No.3431387

>>3430912
how old are you? 60 or 12?

>> No.3431410

>>3431360
That's how I feel but pretty much everyone is saying there is 0% chance just cause its apple even though logically there is at least enough reason to see it as a possibility

>> No.3431446

man despite all the shit that happened during last week the coin is still up. If this isn't moon alert I dunno what is

every week it increases by at least 30k sat

>> No.3431453

>>3431360
The one thing that makes me wary is that he could just have that sticker because he's an Apple fanboy.

>> No.3431454

Nice just bought 100k

>> No.3431457

>>3431410
>everyone is saying that
Famous last words.

>> No.3431477

>>3431360
Apple thing isn't true, stop devaluing the coin by useless rumors like this. It already has a solid team and idea behind it, we don't need retards selling when there aren't any apple related news.

The meeting with the Thai banks excite me more than a fucking sticker tbqh

>> No.3431489
File: 95 KB, 837x460, wat.jpg [View same] [iqdb] [saucenao] [google]
3431489

wat they mean by this

>> No.3431567

hey guys, I'm looking for some more info before I buy longterm.

First of all I would like to know if there are any other decentralized exchanges that compete directly with OMG.

Second I would like to know what OMGs transaction fees will be once it is open to the public.

If I know these variables I think I can make an educative guess if it is actually a good investment (if they succeed ofcourse).

>> No.3431609

It will be killed by QTUM release, you stupid retards

>> No.3431670

>>3431489
This mcFuckin whale

>> No.3431713

1) Omise and OmiseGO are not the same entity, but will become one eventually.

2) However, this does not mean that the OmiseGO meta-entity will own the OmiseGO network. No one owns the network. See Golem presentation.

3) One of the major incentives to owning this coin is to have your "staking" reward. This is certainly valuable. However, even if we assume that OmiseGO winds up transacting trillions of dollars, only a relatively small amount of money will wind up going to OMG holders per token if we assume the "small transaction fees" (let's say 1%) that they expect will make the company and network appealing to millions of users.

4) The majority of the value of the coin, therefore, must come from somewhere else. Because even at its current trading value, the coin is trading more than most holders would earn per year in transaction dividends in a favorable assumption about OMG's transaction potential.

5) So where does the value come from? And what incentive does OmiseGO have in encouraging the maximum value of tokenholders?

6) In the Golem presentation, they comment on the security of the network. I understand this force. By making the network more expensive to access because the coins themselves are more expensive, it encourages network security by having high value coins. But the presentation also noted that the OMG network will be "at least as secure as Ethereum" by operating as a companion chain. So how much is the value-add of increased network security going to be if your starting point is Ethereum-level security?

In light of all of this, I have some concerns about the value of the OMG token. It will receive (market-necessary) low transaction dividends and is only truly helpful to the network as a transaction facilitator and as a small security guarantor. Is it possible that OMG will wind up being a largely-ignored aspect of a very successful payments company?

Why will OMG be valuable as a token?

>> No.3431747

>>3431713

You argument became invalid when you assumed that transaction fees to OMG holders would be low.

Omise processes 8-9 digits of transactions per day (as of half a year ago).

Do the math, it all adds up.

>> No.3431762

>>3431747

Even if holders got less than 1% of total fees, with the insane volume that they handle and will handle, it all adds up.

>> No.3431777

>>3431713
>>3431747
what will the transaction fees be tho?

>> No.3431811

>>3431567
>
Eat a fucking dick you mong nigger and how about you invest in eating shit

>> No.3431827

>>3431747
I'll add on to the other guys question: how much of the transaction fees that they actually charge will actually go to token holders?

>> No.3431861

>>3431827
>>3431777
They haven't said anything yet as far as I know.

However, it's pretty obvious that it has to be enough to provide an incentive for people to hold their coins.

>> No.3431884

>>3431827
It doesn't fucking matter. It could be a penny and anyone who holds stake is going to be very happy.

When plasma launches this system will be faster, cheaper, and more secure than Visa or MasterCard. I've worked in point of sale, I've worked with payment processors. Anyone who isn't on the bandwagon right now is a fucking moron. Omise and Omise Go are going to revolutionize payment and exchange systems, and could very well be the standard upon what the future of payment is based on.

>> No.3431894

>>3431827
I thought
>>3431713
meant that with 1%. Because 1% as an actual transaction fee would be ridiculous. Nobody would use an exchange with such a high fee, I would guess something between 0,01 - 0,0001% as an transaction fee.

>> No.3431930

>>3431894
The 1% isn't one the exhange it's for using it as a payment processor.

Everyone else in the business charges like 3+% So a 1% would destroy everyone

>> No.3432069

People are fucking stupid. Even just the McDonalds partnership makes OMG extremely undervalued at the current marketcap. So many 100% speculation 0% real world usage shitcoins in the top10.

It will easily 10x and once the crypto market cap grows bigger it can even 100x.

>> No.3432072

lol all you fags are getting burned hard ahahahaha pink wojak september inc

>> No.3432073

>>3431930
wasn't their intention to appeal to the asian public, like how are you gonna sell this if they lose 2/3 of their money if they pay 100 times

>> No.3432085

>>3432073
oh I see now, you're retarded

>> No.3432095

>>3431567
-no competitors as of today
-can't remember exact number but it was lower than paypal/visa etc

>> No.3432143

>>3432095
thx

>>3432085
whoops, my bad. Still think 1% is high tho.

>> No.3432162

I'm holding 4.5k OMG based SOLELY on the Apple partnership.

If it turns out to be untrue I'm going to dump those bags at light-speed and I know many big holders world-wide will do exactly the same thing.

Honestly, I don't even give a shit about an Apple partnership but they have dangled subtle hints around and soaked up the hype around it so if they fail to deliver it will reveal them to be hype-mongering scum with zero credibility.

>> No.3432184

>>3432162
>I'm holding 4.5k OMG based SOLELY on the Apple partnership.

kek

>> No.3432215
File: 84 KB, 1623x802, omise pricing.jpg [View same] [iqdb] [saucenao] [google]
3432215

>>3432143
FFS anon. You go to the store pay with Visa. How much is the fee? for the seller it is ~3% directly to Visa.

>pic related omises current pricing

>> No.3432266

>>3432162

OMG holders delusional levels are getting close to NEO holders ones.

>> No.3432285

>>3432215
He's a fucking idiot. Please stop replying. Anyone who knows anything about point of sale or credit card processors is already balls deep in this token.

>> No.3432287

>>3432162
Dumb FUD

>> No.3432324
File: 17 KB, 144x152, 1485756095920.jpg [View same] [iqdb] [saucenao] [google]
3432324

>>3430344
fuckin hell

>> No.3432334

>>3430391
never too late m8

>> No.3432336

>>3432162
You got any proof that you 4.5k?

>> No.3432362

>>3432285
t. Absolute Brainlet

>> No.3432377

>>3432215
3.65% is pretty high

>> No.3432393
File: 573 KB, 621x672, 1440850809846.png [View same] [iqdb] [saucenao] [google]
3432393

>>3431713
>>3431762
You guys don't understand. It doesn't matter what Omise charges in transaction fees because Omise gets 100% of their transaction fees. Omise will be built on top of the OMG platform which means that OMG stakeholding fees are what stakeholders get. OMG gets staking fees from every wallet that is built from OMG. Omise is building their platform so that 100% of their transactions go through OMG but different wallets will have different fees that are independantly assigned by the devs while the base stakeholding fees are universal. So

>(Dev assigned wallet fees) + (OMG platform base fees) = total fees

You as a stakeholder only get the OMG base fees, but you get 100% of that percentage. You receive zero percent part of the Omise platform fees, or the fees of any other wallet that devs make. Get it now?

>> No.3432558

>>3432393
DIDNT GET IT; does it mean ill get rich just hodling those shittoken?

>> No.3432580

>>3432393
>>3432558
I also didn't quite get it. But how doesn't it matter what the transaction fees are? If they're higher than already established competitors nobody is going to use OMG. What good is it keeping 100% of nothing?

>> No.3432599 [DELETED] 

>>3432162
I'm kind of leaning towards the same thing. Maybe not necessarily an Apple Partnership, but there was a lot of hype from the company about "very big news in September".

Now, they have to follow through.

>> No.3432627

>>3432580
Then sell. Who keeps an investment that they don't see the value in or understand?

>> No.3432647

>>3432627
Do you actually have an answer to my question faggot? What is your reasoning for saying transaction fees don't matter

>> No.3432707
File: 19 KB, 245x206, 1440270425173.jpg [View same] [iqdb] [saucenao] [google]
3432707

>>3432647
>I'm not your professor bitch
But I'll explain. I'm saying Omise's transaction fees don't matter too much for stakeholders because they won't get any of it. I'm not sure if that's what your question is. Obviously if the OMG platform doesn't charge enough in fees people won't stakehold and the OMG platform will be useless. That's what we're speculating on here by owning OMG early before the OMG platform fee rates are released

>> No.3432822

What are your expectations of how many percent of the all transactions of coins like btc, eth, and ltc will take place on this exchange?

like 1 or 2%?

>> No.3432826

>>3432707
ok got it, transaction fees matter though because thats how omg competes

>> No.3432929
File: 69 KB, 612x612, 8942310894321.jpg [View same] [iqdb] [saucenao] [google]
3432929

>>3432826
I get the feeling people here have a hard time admitting their mistakes

>> No.3432942

Price predictions?
EoM, EoY and mid-2018?

>> No.3432951

>>3432707
What do you personally expect the fee to be? If you have an expectation.

What are analogous fees currently? What prices does OMG need to beat?

>> No.3432958

realistically speaking, could you make it by just swapping btc and omg all the time?

>> No.3433018
File: 14 KB, 254x255, consider.jpg [View same] [iqdb] [saucenao] [google]
3433018

>>3432822
I expect between 1 and 3%. Consider these numbers though.

>100M in transactions at 2% means each OMG gets USD $0.02
>1B in transactions at 2% means each OMG gets USD $0.20
>10B gets $2.00 each
>100B gets $20.00 each
>1T gets $200.00 each

Remember this is a platform isn't just an improved money transfer platform, OMG literally makes most assets fungible. It should be clear why this is an extremely exciting prospect for holders of OMG. Of course adjust the math to fit you view of what might happen.

>> No.3433042

Also what is going on with the 40MM OMG not in circulation? Will they be staked?

>> No.3433075

>>3433018
>>3432951
>>3432822
Of course there are other fee models they might use like fees based on block size or some such thing but I think that the above works at least as realistic numbers that we can see at the end of the day. Just pointing that out so someone doesn't try to make me look like a retard when really I'm just want to be clear

>> No.3433089

>>3432942
My bets:

EoM: 14 USD
EoY: 18 USD
mid-2018: 25 USD

>> No.3433173

>>3432942
EoM: $17
EoY: $44
Mid-18: $76

>> No.3433221

Return of the mac!

>>3419226

.

>> No.3433233

>>3433173
That would be nice.

>> No.3433275

>>3433173
EOM: $20
EOY: $50
Q1 2018: $120

>> No.3433296

>>3433018
Damn if it really takes off and reaches mass adoption, OMG price is going to skyrocket

>> No.3433740

So what is the cheapest way to buy OMG with dollars rn?
Bitfinex has usd deposits disabled

>> No.3433756

>>3433740
Blockfolio Elite has a buy function and is usd compatible.

>> No.3433872

>>3433740
Buy BTC on coinbase, then transfer to an exchange. People complain about fees, but it's only like 1.5%.

>> No.3433895

>>3433872
This takes forever.

It took me 6 hours to get my funds on bittrex for omg back at 8 dollars.

>> No.3433911

Btw too late for moon gains.

It's best to play coins. If you can't expect 20x max gains then don't play.

>> No.3433928

>>3433911

15x gains from here according to clif high

>> No.3434061

>>3433895
buy litecoin, sent it and then buy with btc
I cant believe people are investing without even knowing that other coins are faster for transactions.

>> No.3434091

i am going to explode inside your mother and your sister in 2 days, anon.

>> No.3434112

>>3434061
I'm pretty sure that guy is not quite there mentally.

>> No.3434122

>>3433928
Proof?

>> No.3434288

>>3433089
>>3432942
Next Week $20
After that I dont give a fuck because ill be out.

>> No.3434306

>>3433928
>>3434122
I'm assuming you're calculating from the 30,000% number.

I've said a few times I don't really think that number is accurate since it's too low. 30,000% from $0.50 is $165.

That just doesn't seem like a "Veritaseum like performer" that Clif sees for the rest of 2017. Especially since the 30,000 number is for the long term not short.

So apparently were supposed to be VERY excited about a coin that is worth $165 in 3 to 5 years, which is also supposed to explode in value?

Clif also predicts BTC will be worth $60,000 around the same time. That actually seems like a reasonable prediction. So he said he was guessing that the 30,000 number he sees was a percentage.

If this coin is successful as Clif says it will be, I think the 30,000 his research saw is either 30,000x or 30,000 itself.

I think Clif's research is telling him OMG is worth either 15,000 or 30,000 per coin in 2022.

>> No.3434380
File: 7 KB, 414x121, theharshreality.jpg [View same] [iqdb] [saucenao] [google]
3434380

>>3428710

>> No.3434382

>>3434306
Ya it seems a lot but if OMG is able to take significant market from credit card companies, it's in the realm of possibilities.

>> No.3434676

>>3428710
Loving my money tree

>> No.3435055

>>3429485

nice catch mate. Thanks.

>> No.3435136
File: 2.51 MB, 500x500, 1504548841974.gif [View same] [iqdb] [saucenao] [google]
3435136

>>3430344

... just bought 100K. Praise Kek.

>> No.3435139

>>3434306
Even just 15k per coin would be $1.5T mcap, what the fuck are you on mate?

>> No.3435177

>>3435139

Market fundamentals mean nothing in cryptoland because of its very nature. It's decentralized. It means that we, the users, decide what something will be worth and not the banks. Blockchain technology truly is a liberating thing. If people are willing to pay 15K per coin, it will be a 1.5T mcap. Simple as that. The user is both the beginning and the end when it comes to blocktech. Thats why some speculators are even predicting a btc price of 1 million a pop. Again, traditional fundamentals mean nothing here.

>> No.3435305

When does the profit sucking Bit monster kick off lads?

>> No.3435454

>>3435177
Market fundamentals are psychology and have nothing to do with banks,.. Use your brain man

>> No.3435480

so the plan is to buy the dip after apple conference ends and no partnership is announced right?

>> No.3435521

5 more hours untill it hits binance, right?

>> No.3435559

>>3428710
So what time's the conference?

>> No.3435582

>>3435480
desu omise probably has some kind of announcement of their own on this day just to offset this, the whales pumped up prices prior to mcdonalds announcement to force people to buy ath, I don't see why they couldn't do that here. we already know they have millions

>> No.3435610

>>3428710
So whens the conference?

>> No.3435678

>>3433740
btc > bitbean
bitbean > eth
eth>omg

>> No.3435720

>>3435582
I have some OMG anyway so if they actually announce something and it moons i'll just sell at $15/20 or wherever the next ATH is, then buy the dip, if it dips tomorrow I'll buy anyway, so I'm covered, no point buying right now