TULIP Mania Game Round 2 Report - Day 6 of 15

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Sales have paused at the 3-cent mark and today is the second token buyback.

So let's look at today's numbers.

Token sales = 1679 STEEM
Fund value = 1729 STEEM
Fund paid out = 57
Current fund value = 1672

Fund value = 103.0% (This tracks our profit and should be over 100%)
Fund paid = 3.4% (This tracks the token buy-back payouts as a percentage of the Fund Value and will max at 100%)

ABV = 1.38 STEEM cents (indicative)

Today have placed 2000 TULIP tokens on the market with a buyback price of 1.45 STEEM cents.

Please read this post regarding the buybacks and cash basis used in this particular TULIP Mania Game.

Let's see if this works as intended.

Any feedback appreciated.

Building Steem's Fintech

[BUY MAXUV] - [READ MAXUV]

[BUY MAPR] - [READ MAP REWARDER]

[BUY MAPXV] - [READ MAPXV]

[BUY MAPX] - [READ MAPX]

Plus Some Serious Funtech

ONECENT: The First Strategic Token Investment Game (STIG)

ADDAX

TULIP MANIA

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13 comments
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A small upvote and an extra tip!
$trendotoken
Thanks for playing the ONECENT trading game!

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Hi @busbecq, a small upvote and a tip from the ADDAX trading game! Round 2 has closed - please sell your tokens asap if you still hold some.
$trendotoken

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Hi @busbecq, a modest tip of appreciation:
$trendotoken
Thanks!

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Ok.

Let me get “real” here.

I keep buying into these games thinking that I will “get it” as time goes on and I just don’t.

I bought 100 tulip tokens for 1 STEEM and sold back 50 for 1 STEEM. Since I am still holding tokens, it seems that I won. So who lost?

I’m playing ONE CENT too.

Honestly, at these prices it seems like no big deal - but I’d love to know what I am actually doing.

Thanks in advance.

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(Edited)

Nobody has to lose. While players trade the tokens, the actual fund increases due to profits coming into the game. Hence, in theory, it is possible for everyone to make some profit - it then depends on some skill as to how much profit. It is still possible to lose, if one buys at the peak price and the fund value never reaches it again, but I think that's rare.

In some of the earliest posts I stressed that these are not zero-sum games. If they were zero-sum, then you'd be right in thinking someone must be losing out, but the final game value is higher than at the start, so the pie to be shared is much bigger.

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