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Post by marin on Oct 2, 2017 14:41:37 GMT -6
Hey. Can leave your coins in the my.electroneum account or do they need to transferred elsewhere and if so when by? Hi! As it states in the FAQ: " Will i need to send my funds to my offline wallet immediately after getting them on the website?
- No you don't. Just make sure you transfer it to your wallet when the blockchain goes live the 1st of November 00.01. This is VERY important! Also, do NOT send your offline-wallet, in ANY WAY, via e-mail!" |
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Post by marin on Oct 2, 2017 14:51:28 GMT -6
Which offline wallet do you transfer the electroneum in? And also how do you get a hold of one? I have minimum knowledge of cryptocurrencies, but I know enough to know this is going to be huge. Don't know much 'bout wallets, though  Help? |
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Post by devon on Oct 2, 2017 14:55:23 GMT -6
so since i dont have an android and the wallet for ios isnt out yet until it hits exchanges. how long after will the wallet app be created for ios? where can i put my coins?
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Post by Imikocha on Oct 2, 2017 17:00:00 GMT -6
Which offline wallet do you transfer the electroneum in? And also how do you get a hold of one? I have minimum knowledge of cryptocurrencies, but I know enough to know this is going to be huge. Don't know much 'bout wallets, though Help? The offline wallet provided by the devs on my.electroneum.com. Make sure you take maximum security precautions about it; there are some pretty knowledgable guys on the telegram that can help you  |
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Post by Imikocha on Oct 2, 2017 17:01:22 GMT -6
so since i dont have an android and the wallet for ios isnt out yet until it hits exchanges. how long after will the wallet app be created for ios? where can i put my coins? There is no wallet for iOS. The app right now is just for seeing your balance, and later on you can use it as a transaction-tool. The offline wallet is online; right now your wallet is my.electroneum.com |
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Post by Paul on Oct 2, 2017 21:59:39 GMT -6
Hello! My first post to the forum - I have a question about how to sell after November 1st. I read that the only 2 exchanges that will sell are Cryptopia and Yobit. Here are my concerns 1. Yobit doesn't seem to have great reviews. 2. Cryptopia's volume is a very very low - 30,000 USD in BTC in the last 24 hours. Do we have a liquidity problem?
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Post by Imikocha on Oct 3, 2017 7:49:58 GMT -6
Hello! My first post to the forum - I have a question about how to sell after November 1st. I read that the only 2 exchanges that will sell are Cryptopia and Yobit. Here are my concerns 1. Yobit doesn't seem to have great reviews. 2. Cryptopia's volume is a very very low - 30,000 USD in BTC in the last 24 hours. Do we have a liquidity problem? Not afaik as people will go there if they want to trade ETN. Likewise later on, the list of exchanges they are listed at, will grow |
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Post by Paul on Oct 3, 2017 11:38:30 GMT -6
Hello! My first post to the forum - I have a question about how to sell after November 1st. I read that the only 2 exchanges that will sell are Cryptopia and Yobit. Here are my concerns 1. Yobit doesn't seem to have great reviews. 2. Cryptopia's volume is a very very low - 30,000 USD in BTC in the last 24 hours. Do we have a liquidity problem? Not afaik as people will go there if they want to trade ETN. Likewise later on, the list of exchanges they are listed at, will grow Thanks for the answer. I have another question - if the maximum number of decimal places is 2, does that mean that our pricing per Electroneum is limited to $100? $1 would equal .01 Electroneum, and without more decimal places, it seems like that $100 would be the ceiling. Is my thought process correct? I am not anticipating this price at all, but just for the thought exercise and hypothetical scenario. Thank you in advance. |
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Post by Paul on Oct 3, 2017 11:59:57 GMT -6
Oh, and I love the name Electroneum. When compared to the name Ethereum, it conveys the atomic particle that is most prolific, hence, the idea of mass user adoption. That is, if I am understanding the name correctly.
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Post by Iphoneuser on Oct 3, 2017 13:07:24 GMT -6
So i should just make a really good password for my online wallet because the ios wallet wont be out. Im nervous about this. I hope they create the ios wallet fast after it hits the exchange. Will the wallet come out the nov1 when the coin hits exchange? Or how long will it take for iphone users?
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Post by Imikocha on Oct 3, 2017 14:50:41 GMT -6
Not afaik as people will go there if they want to trade ETN. Likewise later on, the list of exchanges they are listed at, will grow Thanks for the answer. I have another question - if the maximum number of decimal places is 2, does that mean that our pricing per Electroneum is limited to $100? $1 would equal .01 Electroneum, and without more decimal places, it seems like that $100 would be the ceiling. Is my thought process correct? I am not anticipating this price at all, but just for the thought exercise and hypothetical scenario. Thank you in advance. Hi! No you're on about something, just the wrong numbers. The limit of the coin will be whatever the market decides it will be. But the smallest fraction is 0.01 as you stated, and hence the market decides, then if, hypothetically, the coin goes to $200, one fraction (0.01) would be worth $2. But it won't get there, we would likely see some issues around double digit worth, but thats years into the future, which will require a hard fork. So you're thinking the right way, just not with the right numbers |
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Post by Steve on Oct 3, 2017 19:45:30 GMT -6
How close / how confident are you that Electroneum will be listed on Bittrex on Nov. 1?
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Post by Nate2o on Oct 3, 2017 19:53:20 GMT -6
Please explain this to me.. From what I've read above, if you have say, 10 thousand etn, and the value per coin reaches $1, I didn't just make 10 thousand dollars, I've made no profit at all? I'm very confused by the above conversation...
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Post by Paul on Oct 3, 2017 20:33:58 GMT -6
Thanks for the answer. I have another question - if the maximum number of decimal places is 2, does that mean that our pricing per Electroneum is limited to $100? $1 would equal .01 Electroneum, and without more decimal places, it seems like that $100 would be the ceiling. Is my thought process correct? I am not anticipating this price at all, but just for the thought exercise and hypothetical scenario. Thank you in advance. Hi! No you're on about something, just the wrong numbers. The limit of the coin will be whatever the market decides it will be. But the smallest fraction is 0.01 as you stated, and hence the market decides, then if, hypothetically, the coin goes to $200, one fraction (0.01) would be worth $2. But it won't get there, we would likely see some issues around double digit worth, but thats years into the future, which will require a hard fork. So you're thinking the right way, just not with the right numbers Ahh, of course. The hard fork is new to me though, but the numbers make sense. Thanks again! |
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Post by Paul on Oct 3, 2017 20:37:49 GMT -6
Please explain this to me.. From what I've read above, if you have say, 10 thousand etn, and the value per coin reaches $1, I didn't just make 10 thousand dollars, I've made no profit at all? I'm very confused by the above conversation... I'll take a crack at this.. 10,000 ETN would cost you $100 (without bonus and at ICO price of $0.01, or 1 cent per electroneum). If the value per electroneum were to appreciate to $1, that is an increase of 100X from .01. If this makes sense to you then you can see how you turned a $100 investment into $10,000 - making you a $9,900 profit. Hope this helps. |
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