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Garage Logician
,
Woody
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| Most users ever online was 257, June 26th, 2007 at 01:58 PM. |
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April 20th, 2008, 12:21 PM
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#51 (permalink)
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Quote:
Originally Posted by claude levesque
I came in about 3 years ago when the Dxinone was the thing but after a certain time they change
everything and I came on with an agent that charge me a certain amount of money as fees they call it with a certain amount of support but not to long latter I try to have some help from him and
he disapear from the map so I took on my own to try to make it a go but every time that I get interested they change something the last change is about Dxcredit which I don't know too much
about and last I cannot get on my DxSynergy I am not to experience with computer and sometime
I think I am totaly lost. Love to read all the Information and it is not I have to find out about
DxCredit I like to know if I don't do any thing will they delet it or is it going to stay the same
as it was. Iam mixed up and don't know what to do hope to get some info from here
yours Claude Levesque
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Claude, welcome back. Yes there have been a LOT of changes. The basic idea around DXG-Credit (currently), is this: DXG-Credit represents the "earnings" on your input funds (DXStandard). For old timers like us, we tend to have very little DXG-Standard left and a whole lot of DXG-Credit.
DXG-Credit is now the funds that DXS wants us to use inside the DXS system. However, every DXG-Credit you use needs to be backed by the same amount of DXG-Standard.
So, in my case, I had 44 DXG-Standard and thousands in DXG-Credit. As a result, I need to pay the newest fee on the DXG-Credit in order to utilize that same DXG-Credit. However, since I only had 44 DXG-Standard, I could not remove more than 44 USD (1 DXG = 1 USD) in total from my account. So, I need to bring in well over 100 USD into the system to pay fes before I can remove that 44 DXG-Standard.
Everyone's account is different, so each person must decide on their own what they need to do with their DXS account.
__________________
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April 20th, 2008, 03:26 PM
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#52 (permalink)
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Quote:
Originally Posted by CuriousGeorge
Claude, welcome back. Yes there have been a LOT of changes. The basic idea around DXG-Credit (currently), is this: DXG-Credit represents the "earnings" on your input funds (DXStandard). For old timers like us, we tend to have very little DXG-Standard left and a whole lot of DXG-Credit.
DXG-Credit is now the funds that DXS wants us to use inside the DXS system. However, every DXG-Credit you use needs to be backed by the same amount of DXG-Standard.
So, in my case, I had 44 DXG-Standard and thousands in DXG-Credit. As a result, I need to pay the newest fee on the DXG-Credit in order to utilize that same DXG-Credit. However, since I only had 44 DXG-Standard, I could not remove more than 44 USD (1 DXG = 1 USD) in total from my account. So, I need to bring in well over 100 USD into the system to pay fes before I can remove that 44 DXG-Standard.
Everyone's account is different, so each person must decide on their own what they need to do with their DXS account.
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Quote:
Originally Posted by CuriousGeorge
The basic idea around DXG-Credit (currently), is this: DXG-Credit represents the "earnings" on your input funds (DXStandard). For old timers like us, we tend to have very little DXG-Standard left and a whole lot of DXG-Credit.
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DX rewards and DXCredit is the earnings on your portfollio, not on your input balance but on your portfollio.
Quote:
Originally Posted by CuriousGeorge
DXG-Credit is now the funds that DXS wants us to use inside the DXS system. However, every DXG-Credit you use needs to be backed by the same amount of DXG-Standard.
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DXCredit is actually your line of credit. To OutXchange $1,000 you need to have a credit line of at least $1,000 in your account, not your portfollio and collateral of at least $1,000 DXG in your account. You can also buy digots with DXCredit.
Quote:
Originally Posted by CuriousGeorge
So, in my case, I had 44 DXG-Standard and thousands in DXG-Credit. As a result, I need to pay the newest fee on the DXG-Credit in order to utilize that same DXG-Credit. However, since I only had 44 DXG-Standard, I could not remove more than 44 USD (1 DXG = 1 USD) in total from my account. So, I need to bring in well over 100 USD into the system to pay fes before I can remove that 44 DXG-Standard.
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DXCredit can be sold for DXG Standard or DXRewards in the Trading Exhange. This will do two good things for your account.
1. Increase your DXStandard.
2. Reduce your line of credit and therefore the fees you have to pay in order to maintain it.
Rewards are the real value in your account as far as I am concerned. When you make a FG OutXchange your Rewards Balance goes down. If you repay that OutXchange with FG you end up with the same amount converted to DXStandard. Your DXCredit is not deplenished after the process.
Best tactic I have found is to trade DXCredit for DXRewards, make an OutXchange and double your DXStandard.
Last edited by CuriousGeorge : April 20th, 2008 at 04:58 PM.
Reason: Used quote markers to clean up post
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April 20th, 2008, 03:57 PM
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#53 (permalink)
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Location: North Dakota, Beautiful Summers (Both Days)
Credits: 16,935.77
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Quote:
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Originally Posted by RobbieMor
DXCredit can be sold for DXG Standard or DXRewards in the Trading Exhange. This will do two good things for your account.
1. Increase your DXStandard.
2. Reduce your line of credit and therefore the fees you have to pay in order to maintain it.
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I don't know where you got that information from but I just tried to set up an exchange of my DXG-Credit for DXG-Standard and as with previous attempts I was not allowed to create the exchange. DXS did verify in a support ticket that they will not allow those trades to be created. However they did not give me permission to post their response.
__________________
There's no such thing as sanity, and that's the sanest fact.
Dire Straits
IN MEMORY
Niece Tina: 8-24-1971 to 9-22-2008 (37 is too young)
Mom: 4-19-1914 to 10-4-2008 (A good, long run)
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April 20th, 2008, 04:34 PM
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#54 (permalink)
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Quote:
Originally Posted by Garage Logician
I don't know where you got that information from but I just tried to set up an exchange of my DXG-Credit for DXG-Standard and as with previous attempts I was not allowed to create the exchange. DXS did verify in a support ticket that they will not allow those trades to be created. However they did not give me permission to post their response.
[/color][/color]
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I didn't say to do it that way. Go the the active trades and you will see.
Bidding Open
First Call
01 Min, 05 Sec  10.00 DXG
DXG Standard  100.00 DXG
DXG Reward  100.50 DXG
DXG Reward
Add To Watch List / Refresh0 Bid(s) Bidding Open
First Call
03 Min, 05 Sec  10.00 DXG
DXG Standard  100.00 DXG
DXG Reward  100.50 DXG
DXG Reward
Add To Watch List / Refresh0 Bid(s) Bidding Open
These are not good prices. Instead sell your DXCredit for rewards. Here are current bids.
First Call
Second Call
06 Min, 53 Sec  1,000.00 DXG
DXG Credit  960.00 DXG
DXG Reward  964.80 DXG
DXG Reward
Add To Watch List / Refresh19 Bid(s) First Call
Second Call
06 Min, 53 Sec  500.00 DXG
DXG Credit  481.00 DXG
DXG Reward  483.41 DXG
DXG Reward
Add To Watch List / Refresh17 Bid(s) Bidding Open
Once you have rewards. Do a FG Outexchange and when it clears bring it back in and you will have converted your rewards to DXStandard.
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April 20th, 2008, 04:41 PM
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#55 (permalink)
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Location: North Dakota, Beautiful Summers (Both Days)
Credits: 16,935.77
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Thanks for the explanation RobbieMor.
I understand this may well be taken as unwarranted complaint however I see it as my personal business decision:
I do have a FG account. However since I have not funded it I am unable to OX to FG. Funding my FG account would be equal to bringing new funds which at this time I refuse to do considering the performance I've seen to this point. Maybe later.
__________________
There's no such thing as sanity, and that's the sanest fact.
Dire Straits
IN MEMORY
Niece Tina: 8-24-1971 to 9-22-2008 (37 is too young)
Mom: 4-19-1914 to 10-4-2008 (A good, long run)
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April 20th, 2008, 04:53 PM
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#56 (permalink)
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Quote:
Originally Posted by Garage Logician
Thanks for the explanation RobbieMor.
I understand this may well be taken as unwarranted complaint however I see it as my personal business decision:
I do have a FG account. However since I have not funded it I am unable to OX to FG. Funding my FG account would be equal to bringing new funds which at this time I refuse to do considering the performance I've seen to this point. Maybe later.
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I respect your decision not to bring in new funds. I was fortunate to already have FG in my account. I guess I'm also fortunate to have e-currency OutXchanges processed per News Article 202. That gives me plenty of incentive to continue. I have also been processing OutXchanges, albeit small in size.
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April 20th, 2008, 04:59 PM
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#57 (permalink)
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Location: North Dakota, Beautiful Summers (Both Days)
Credits: 16,935.77
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Good for you RobbieMor and I sincerely hope that continues for you because I see that as a possible positive for all with funds that have been stuck in accounts and portfolios for so long.
__________________
There's no such thing as sanity, and that's the sanest fact.
Dire Straits
IN MEMORY
Niece Tina: 8-24-1971 to 9-22-2008 (37 is too young)
Mom: 4-19-1914 to 10-4-2008 (A good, long run)
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April 20th, 2008, 05:02 PM
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#58 (permalink)
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Just to make my job a little easier, here's a few tips about the forum.
If you want to parse a post up into sections, simply type [/quote] at the end of the sentance, paragraph, etc, you want to specifically respond to.
Then, after responding, put [quote="poster's name"] at the beginning of the next part of the quote, replacing "poster's name" with the actual name of the poster you are quoting from. In my case it would be [quote="CuriousGeorge"].
Makes reading the responses a bunch easier. At least for an old ape.
__________________
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