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8th Sep - Daily News

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MeagoDK Traffic Value: $2,697.0796 Denmark 1 like this post 0 people 08/09/2015 20:46 Glashier, that is not how it will be. You will not get cash instead of RP. You will keep your RP and cash but all orders will be reset/cancel.  adwejk22 Traffic Value: $4,197.76641 Italy 2 like this post 0 people 08/09/2015 20:47 1 cent as lower limit is dangerous. It's very close to the current share price and if the shares fall down again to 0.01 we will lose a direct share-money coversion. Basically if the price falls to 1c you can't sell your shares instantly but you have to wait in queue and the queue may also become very long depending on how much the people is panicing about actually getting something out of their shares. That or you have to wait for a bid in a situation where many users are waiting for a bid and the first who click on it gets the money. roidz Traffic Value: $24,334.30701 Italy 0 like this post 0 people 08/09/2015 20:48 @glashier nope, i think is wrong.. mtv doesnt set a starting price, but user will.. and people will start selling at highest price ; 10 cents, 8 cents maybe.. everyone will try to sell at highest price, and after 2 hours we reach again 0.01. obviously do what you want, but surely i will have cash instead of shares at that moment glashier Traffic Value: $1,625.74344 Pakistan 0 like this post 0 people 08/09/2015 20:49 il051 then I will try to be the first to set the price at $0.3 Hopefully it will barely drop to 0.1$. roidz Traffic Value: $24,334.30701 Italy 3 like this post 0 people 08/09/2015 20:51 exactluy, as il051 said, everyone will try to sell at highest price ( but no one will really sell anything, and will be just " push it down, push it down, push it downnn!! " ) peanutdude Traffic Value: $360.6696 Philippines 6 like this post 0 people 08/09/2015 20:52 When the market resets will be like the last split. The first person to list there shares sell will set the price, and the market will fluctuate wildly until buyers and sellers meet. More than likely Marc will put up some of the portfolio shares at something like .04 to open the market like Jo did the last share split. Then the market will move to meet very close to the price it was at before the market is closed to make the changes. Requiring the 24 hour lock before being able to modify a bid/sell will not stop or slow day trading as most day traders, what it will do will stop some of the manipulation that some shareholders were doing to drive the price down. The raise in fee will have very little affect until the share price gets to a much higher price, what it will do is generate more revenue, as at the proposed fee it will still be very profitable for the day traders to buy and sell like they have been doing MichaelKline Traffic Value: $960.97608 United States 1 like this post 0 people 08/09/2015 20:53 When all the bids are reset, there will likely be a Maintenance period while the reset is done. When the site comes back online, the RP price will be open, meaning that if someone sets a large bid to sell at $0.30 and someone sets a large bid to buy at $0.299  the moment the market opened, that's where the RP price will be at that very moment. Where it really gets set at is up to who sets bids to buy and who sets bids to sell and where they bump into each other. glashier Traffic Value: $1,625.74344 Pakistan 2 like this post 0 people 08/09/2015 20:55 roidz We have 360 degree opposite opinion in this case Before reset If majority of the users follow your thinking the price will be 0.005 if permitted by MTV (or 0.01) and if majority follow my opinion the price may be at 0.1$. ! ! roidz Traffic Value: $24,334.30701 Italy 0 like this post 0 people 08/09/2015 20:56 yep, different opinion , we will see . but this is not the first time that happen this kind of thing.. do you remember bap market?   adwejk22 Traffic Value: $4,197.76641 Italy 2 like this post 0 people 08/09/2015 20:58 Yes the price will likely fall a bit because users on will be more carefull with buy orders than with sell orders. Nobody will buy shares at a higher price than when the market is resetted glashier Traffic Value: $1,625.74344 Pakistan 0 like this post 0 people 08/09/2015 20:58 OK roidz lets guess the tentative date of rest what you say? roidz Traffic Value: $24,334.30701 Italy 0 like this post 0 people 08/09/2015 21:00 mm i think next monday/tuesday if we are lucky glashier Traffic Value: $1,625.74344 Pakistan 0 like this post 0 people 08/09/2015 21:02 But in that case (as Roidz said) the price will stay above 0.02, because majority will place buy bids at 0.01. 2. 3,,,,,,,,,,,, glashier Traffic Value: $1,625.74344 Pakistan 0 like this post 0 people 08/09/2015 21:06 I don't think it will be implemented so early, it may go in opposite side (as Me thinking). if price plumbs to 0.1 or so after reset, how MTV will pay so much cashout. because they have not much resources as now, PayPal is a permanent headache. thedark1233 Traffic Value: $1,815.30566 Morocco 4 like this post 0 people 08/09/2015 21:07 hmmm I don't think people will put a hiiigh bid to buy like 0.3$ or even 0.05$ because of the new rule of 24hours. eg: if I put a bid at 0.1$ then be sure that someone will be very happy to sell his share at this rate !  the market will start with high sell price and nobody will buy until someone will place a bid at the price before the reset ! 0.012/0.015 maximum .. Just my opinion.. roidz Traffic Value: $24,334.30701 Italy 5 like this post 1 people 08/09/2015 21:07 for selling at 0.1, there should be someone that buy..so.. who will buy at 10 cents? glashier Traffic Value: $1,625.74344 Pakistan 0 like this post 0 people 08/09/2015 21:10 yeah you are right, but remember price has reached to 0.0292 in recent past, at that time many people sold, cashed out. adwejk22 Traffic Value: $4,197.76641 Italy 2 like this post 1 people 08/09/2015 21:11 Who is going to bid high? Are you going to place a bid at 0.02? Then you are very brave. But remember if nobody else does you basicaly gift your money to a lucky seller and don't influence at all the RP price. Tbh I think there will be a race to place a bid at 0.01 first (because if you buy at 0.01 you can't lose money). Sell bids will start high but will drop pretty fast because there are users who actually need to sell (while nobody has a urge to buy when price is high and going down). when 0.01 will be full of bids users will place bids at 0.0101 and fill it up as well, then 0.0102 and so on. My bet is that buy and sell bids will meet at a quite low price roidz Traffic Value: $24,334.30701 Italy 2 like this post 0 people 08/09/2015 21:14 mm i bet.. 0.0111 as final price 24h after "reset" , make your move, we will see glashier Traffic Value: $1,625.74344 Pakistan 0 like this post 0 people 08/09/2015 21:14 thedark1233 Oh my goodness you raised a hidden point So Mr Roidz How it will rotate up down, after reset because everyone will have "baggage" of 24 hours restriction.

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