Welcome Guest - Login / Register Forum - Brainstorm - Remove the $0.01 limit on the market or not?

It's very simple:
Due to a lot of demand i've opened this topic.

If you want us to remove the $0.01 bottom limit "LIKE" this post.

If you do not want us to remove the $0.01 bottom limit "DISAGREE" on this post.

If we remove the limit we'll increase the trading fee to supplement the development funds, probably kicking it back up to the old fee of 3%.

At 80% likes we'll remove the bottom limit.
The voting will be until 27/11 12:00.

daphyr
Traffic Value: $8,892.04504 Slovenia

54 like this post 8 people

24/11/2015 19:13

if it will be voted to remove the limit...are you going to remove it temporary or permanently? thx

Brainy
Traffic Value: $1,095,877.628 Canada

192 like this post 35 people

24/11/2015 19:17

I strongly advise people to vote for yes.

I think that the price which buyers are willing to buy is the real price.
An inflated price won't bring any buyers, thus no more fresh funds in the system.

Those who want to leave will be able to sell their RP's. The believers will be able to buy RPs for a bargain.

This $0.01 limit is definitely a non-sense and it has done nothing other than hurting MTV.

And I don't tell this to try to buy members RPs for cheap. It's an honest thought, I am sure removing the limitation is a good step towards putting MTV back on track.

yousef450
Traffic Value: $3,373.60315 Jordan

40 like this post 69 people

24/11/2015 19:21

removing the limit will destroy the business, members now complaining because their money swapped at rate .1$ for each RP, some of members lost the trust in this business because of this action, imagine what will happen if members see the price at rate .005$ for RP for example or may be lower. people who are voting to remove the limit they are looking to get more shares selling now and buy later without caring about anything.

carlinfate
Traffic Value: $1,724.68646 United States

21 like this post 4 people

24/11/2015 19:23

rps aren't worth $5 million as implied with the current limit.

redigaffi
Traffic Value: $1,654.17 Spain

41 like this post 7 people

24/11/2015 19:23

+1 Brainy. Right now 0.01 is a "inflated" value, you only have to look at the market in which direction it is keeping since months. Releasing the limit will brinng new investors, fresh money.

mobstergr
Traffic Value: $1,973.06526 Cyprus

38 like this post 3 people

24/11/2015 19:26

If the limit is removed will the limit of 30 BAPS per share also be removed?

DanTheMan
Traffic Value: $4,069.99578 Germany

19 like this post 6 people

24/11/2015 19:27

I had a few things on my mind to convince people to vote yes but now that brainy is here I can spare myself most of it I guess, since he pretty much summed it up.
I myself bought shares around 0.01-0.015 and was for the limit at first too, now that I've seen what is has done to the market, I'm absolutely for the removal of the limit.
It's just another opportunity for members to make money by either daytrading or buying low and selling high and it helps out MTV at the same time. Nobody has to participate in trading, you can still sit on your shares and wait for them to rise, nothing wrong with that. But we need to create actual value first for that to happen and a free share market is a good first step towards that.
Right now the market looks incredibly unattractive for new investors since there's no movement at all.
I don't like it either but right now shares aren't worth 0.01, they're worth ZERO right now with the market in it's current state. Even if you wanted to you wouldn't be able to sell them for 0.01, way too many people in front of you. There's no dividends either so shares have absolutely no value at this point, the removal of the limit would at least give them some value back.
So again, I encourage people to vote yes.

MarcdeKoning - Administrator
Traffic Value: $468,983.12758 Netherlands

93 like this post 3 people

24/11/2015 19:28

I actually forgot to mention the BAP one.
But yes, it would be gone as well.

tstsezari
Traffic Value: $791.53936 Moldova Republic of

15 like this post 10 people

24/11/2015 19:28

Some people sold their shares for $0.001. And it will go there. For my investments I have 4000 shares and if it will go down to 0.001 I will have not 10% from my investments but 1%. From $400 to $4. I don't want.

Brainy
Traffic Value: $1,095,877.628 Canada

89 like this post 6 people

24/11/2015 19:31

@yousef450, if nobody wants to buy at $0.01 and there are millions of RPs listed at that price already, how can you think the shareprice will go back up? We rather put the bottom price limit at $0.10 then? Or $0.20 to double people investments? But nobody will buy obviously, as nobody buys at $0.01. I think it's just absolutely not logical to think that by putting a limit, the price will magically increase. We can't force people to buy at any price. The market action is good for the business. MTV rakes some money with the transaction fees and a memberbase cleaning up occurs, i.e., the non-believers leave the business and the believers invest in MTV, thus MTV gets a more motivated crowd.

davicina1
Traffic Value: $166.59043 Spain

20 like this post 5 people

24/11/2015 19:32

@Brainy That is true

Brainy
Traffic Value: $1,095,877.628 Canada

83 like this post 12 people

24/11/2015 19:32

Congratulations to the people voting No, you might help MTV to die

Faby1958
Traffic Value: $1,973.85765 Brazil

27 like this post 6 people

24/11/2015 19:33

At 80% likes we'll remove the bottom limit.

That´s not the right way I am afraid.
Fair democracy it´s 50% +1...but I wouldn´t recomend such low decision frame.
The right one, in my view would be 60% instead of 80%...

Let it be anyway....

I don´t vote, leave it to the crowd fully respecting their decision...

topptc2015
Traffic Value: $1,049.34252 Iran (ISLAMIC Republic Of)

13 like this post 8 people

24/11/2015 19:34

i same Brainy suggest peoples to select "yes" . that's good for all peoples .

Uganka
Traffic Value: $3,117.03585 Slovenia

33 like this post 0 people

24/11/2015 19:36

Well Brainy is sure one of those who want the limit gone, since he has no shares atm, and could buy millions with bap,afte removing the limit

Brainy
Traffic Value: $1,095,877.628 Canada

32 like this post 11 people

24/11/2015 19:37

I knew people might think I post the message to profit on a price drop.. but it's not for this reason at all.

I think it's just insanely obvious the $0.01 bottom limit is not just worthless, it hurts the business.

I wonder why people vote no?

Can someone voting no explain their decision please?

stark100
Traffic Value: $729.96203 Hungary

18 like this post 0 people

24/11/2015 19:39

So the marketplace will be the playground of the big fishes. They will buy millions of RPs for 0,001 and sell for 0,005. Price will never go up to 0, 01, but they will be in huge profit.

Brainy
Traffic Value: $1,095,877.628 Canada

42 like this post 8 people

24/11/2015 19:40

Hey mate, nobody forces anybody to sell.

If people feel they are getting stolen by selling low, just don't sell!

What's the difference between not selling at $0.01 and not selling at $0.005? LOL

I haven't seen any good reason for the "No" yet, in my opinion

Uganka
Traffic Value: $3,117.03585 Slovenia

20 like this post 2 people

24/11/2015 19:41

Not that i'm against it, but not everyone made a fortune here like you (Brainy) have. Many people here have 20x less than what they have invested after all the swaps in one year! You on the other hand have always had some "help" on what will happen, no matter what you say!

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