sullirock

WARNING: THIS THREAD MAY CONTAIN OUTDATED INFO!
OK, I haven't done this in awhile. I stopped messing with DXGold back in February of this year because I couldn't afford the fees and my OX's were taking forever. But I'm back now and am almost totally confused by all the changes.

My major question is this: Can I move my DDA to my RB w/out having to OX it?

I am really hoping that I can because it will take forever to OX it. The only OX that I ever had completed was with EEECurrency. But I think they are gone now.

Treasurer

If you are talking about DXDA then the answer is no, not directly, and
if you withdraw DXDA you just increased your DXDW.

If your question is that you want to move funds from your account AB then the answer is yes, you can do that for a 1% fee.

It would be good to see your account and port numbers, and your time released details for us to be able to offer a real help/advice.

If you don't want to post it here, PM me or one of the admins, mods or supermods.

__________________

Kiwimum22

I think what you are asking is, can you take your dxdebit available, transfer it to reserve balance to buy digots?

We can't do this anymore - its not the way to run the new G2 portfolio. What we did for the last few years caused inflation in the old system.

The portfolio is simply a credit storage system where you earn more than a bank.

sullirock

So if I move my DXDA to AB can I move it over to Reserves? I want to reinvest the $1,000 I have sitting in DXDA. It's just more confusing to me than when I first started.

Treasurer, what exactly are you asking for? Tell me where to go in my portfolio to get this info. I wanna make sure I know for what you are asking.

I feel like a newbie. This sucks.

Shiisa

sullirock... we've already answered this question and the answer is NO...

now, theoretically, you can withdraw DXDA and then move your AB to RB and buy more digots... but the system is no longer set up to reward that kind of behavior... and it would be a mistake...

when you withdraw DXDebitAvailable, you create a debt. if that debt is not paid back within 30 days, that amount will be dropped from your TDV as will all the gains for that amount... so there's NOT a benefit in withdrawing DXDA to recycle to buy more digots.

the directions for finding the data that treasurer has aske for are in this thread.

Hope that helps!

__________________
Jan
Shiisa Quilts -- indulge your inner artist
The Bernina 8 Series -- Too Good To Be True!

sullirock

So I can't touch the DXDA unless I can afford to pay it back?

And if I pay it back, I assume it must be from my own personal money with fresh funds?

Also, I'm guessing that you can't pay it back with earnings.

So, I have to repay what I take out of the system with my own personal money, right?

Then my conclusion is this: The DX system is like a big credit card that gains interest without charging interest.

Does that sound correct?

So, what is the point of using it then?
Please bear with me. I'm a little slow

Shiisa

It's more like a reverse debit card...

You put money in your account and you earn daily gains (better than MY debit card, for SURE!!)... you can borrow from yourself... and your original deposit will continue to earn those daily gains, but they'll be pending as long as the debt is outstanding... if you pay back that debt within 30 days you get to collect the gains for the whole time you borrowed the money...

ANY money that comes from e-currency or your bank is considered new funds... even if it just came from an outxchange... so you COULD theoretically do what you're proposing... but you'd lose money doing that because you'd have to pay an outxchange fee to get the e-currency... and then you wouldn't be increasing the size of your TDV (which is what we used to do -- and why we had such huge debts to pay off!!)... you'd simply be paying back the debt you just made so that you could outxchange ... and bring in money... to pay off your debts...

does that make sense? you really DO have to put all that old hype behind you!!

__________________
Jan
Shiisa Quilts -- indulge your inner artist
The Bernina 8 Series -- Too Good To Be True!

Shiisa

so... what's the point??

well.. let's say you're saving up to buy a TV... nice one... $3500... so you're socking away $500 per month... you put it in your checking account ... or your savings account... and $500 doesn't earn much... and then when you buy that TV the money is gone.. right?

OK... instead... let's put that $500 in your G2... and each month you'll put in another $500... and each month your balance will earn gains and EOS credits... now.. it's time to buy that TV -- and you find one from a vendor who has a DXShop -- and they take DXG!!!! Awesome... AND... they're offering an incentive of DXCredits for each purchase!!! EVEN MORE AWESOME!!!...

So you withdraw your DXDebit and send that vendor the DXG... and your 30 days starts counting... that $3500 is still earning every day, but if, at the end of 30 days you haven't paid it back, the $3500 will be gone and so will the gains... let's say you only pay back $500 (you were used to saving that $500 each month anyways, right???) ... so when you pay back the $500 you get to collect the gains for that part of the withdrawal...

at the end of 30 days, you've paid back $500... so your TDV drops by the other 3K... But that's OK because you were just using the portfolio for short-term storage of that money this time.... and hey!! isn't that better than the LAST time you bought a TV when you put it on your credit card?? You didn't earn on that transaction -- instead you paid 15% or 22% or some kind of interest in order to use the money...

__________________
Jan
Shiisa Quilts -- indulge your inner artist
The Bernina 8 Series -- Too Good To Be True!

mwong92683

Personally, I love the part when you said "...and you find one from a vendor who has a DXShop -- and they take DXG!!!!..."

I can't wait!!!

__________________
In Loving Memory of Richard Tin Lai Wong
Pearl Harbor Survivor
July 4, 1918 - July 8, 2008

sullirock

Wow!! This is definitely not what I had the assumption of when I first started this business. I was given the impression that I put money in, it gains, I withdraw, cycle begins all over again.

It is still a little cloudy for me. I need to read more. Thanks.