No purchase of credits

[Navara262]

Hi members

What if no one is buying my credits one wants to use btc for something else?

Thank you

[mistaPhi]

Hi members

What if no one is buying my credits one wants to use btc for something else?

Thank you

Try submitting offers for lower amounts or increasing the discount percentage. Buyers are looking for the best deals, so higher discounts are favored (and will be displayed at the top). Submitting smaller offers will likely be seen by (or more desirable to) more users. ex) If I only have $10 worth of BTC in my wallet, I will not see any offers in the marketplace that are above that; or at least not by default.

The best thing to do is play around with your offers and if they're not selling, change them up a bit; keeping in mind that the marketplace is a market where you'll compete with other sellers as well.

Just curious... How much are your Credits being listed for in the marketplace?

[Navara262]

Good day

I just cancelled the sale, it was listed for 12,... USD worth about $15,.. at a discount.

Regards

[mistaPhi]

Good day

I just cancelled the sale, it was listed for 12,... USD worth about $15,.. at a discount.

Regards

What was the discount percentage listed? Looks like the highest discount in the marketplace right now is 10% (meaning the seller submitted it at a 20% discount).

Try submitting an offer that will list at 10.01% and that'll get you in the top position. More visibility and higher discounts will get your offer purchased faster.

[DecentralEyes]

I've had small amounts (£5.00 or less) of credits sat for sale for several months, at a reasonable discount too!

i've had large amounts, i.e. £80 also sell within 24 hours!
There appears to be no 'magic sweet spot' here, i.e no 'ideal amount and discount' that will invite a quick sale!

[mistaPhi]

I've had small amounts (£5.00 or less) of credits sat for sale for several months, at a reasonable discount too!

i've had large amounts, i.e. £80 also sell within 24 hours!
There appears to be no 'magic sweet spot' here, i.e no 'ideal amount and discount' that will invite a quick sale!

Even within our own little ecosystem, the market does what the market does. Each buyer knows if, when, and how much they want to buy. However a consistent theme that I've noticed is that higher discounts tend to sell first, which is completely understandable as they are displayed in the top-most positions.

And contrary to what you've mentioned, I've noticed that smaller offers (£5 - £10) sell faster than higher amounts like £80. But this makes sense as well... I'm sure there are many wallets with balances below £80 that will not see higher offers by default. And they'll likely buy the offer with the highest discount that's available to them. And then you have some that prefer buying smaller amounts on a daily basis to take advantage of daily boost points. Then you have others that don't care to log in often and would prefer to purchase higher amounts when they do log in. Many different ways to play it, but all will ultimately result in a win (as long as someone isn't selling Credits for less than they acquired them for, and even then they'll still win if the price of BTC is high enough).

But no worries... The system has reached a level that supports long-term sustainability. So keep enjoying those discounted credits b/c they are not as easily attainable as they once were. This alone makes them more valuable to acquire (at discounts of course). And with the next update, credits may very well become even more valuable (not in terms of value compared to BTC, but in terms of having faster conversions and increased marketplace activity).

Trust that I'm always assessing, testing, & strategizing to drive the platform to higher levels of performance so that you guys can kick back, relax, and enjoy the ride. So by all means, do enjoy the ride :)

If you smeeeeellllllll with Mista Phi is cookin'

[DecentralEyes]

Appreciate all of your hard work!

[DecentralEyes]

I’ve had £5.83 at a 17% discount available for several days now!

[mistaPhi]

I’ve had £5.83 at a 17% discount available for several days now!

Looks like you're submitting your offer at a 17% discount... This will result in the offer being listed in the marketplace at 7%. Remember that the system will list credits for sale at a discount that is 10% less than what is submitted by the seller. Currently, the highest discount I see is 15%, but the amount is fairly high (about $250). Under that, I see discounts at 12.22%. Haven't seen any 17% discounts in a while, but you'll have to submit an offer of 27% for the offer to be listed at 17%.

[DecentralEyes]

Many thanks!
I’d forgotten about that extra 10% !
Now I’ve just listed several credits at a 25% discount and they’ve all sold!

[mistaPhi]

Many thanks!
I’d forgotten about that extra 10% !
Now I’ve just listed several credits at a 25% discount and they’ve all sold!

Excellent... I continue to say that the more you understand about the wallets, the easier it is to devise strategies to accomplish your goals; so thx for sharing.

Keep learning (and REMEMBERING!) b/c there's even more to come.

[redeemon]

Many thanks!
I’d forgotten about that extra 10% !
Now I’ve just listed several credits at a 25% discount and they’ve all sold!

Nice work, FYI I'm buying fairly frequently small amounts at high discount right now - but they have to be a bargain.
Credits will be ever more scarce and valuable soon, and I'll probably sell a little less.
Try not to sell too high if not needed, but still be competitive to conserve credits and stay "up" on previous buy percentages.
The extra %10 contributes to the vault and overall conversions which adds more incentive to sell