Post
Topic
Board Announcements (Altcoins)
Re: [XRA] RateCoin | PoS | Unique Generous Rewards | Low Supply Inflation
by
Couldbe
on 12/11/2015, 01:04:08 UTC
what's a good price to be in, I'm seeing that xra is moving nice and good wave, should I buy it?
Nobody can advise you to buy anything right now but in case of XRA its a staking coin so you can check explorer how good XRA holders are doing in staking since they are staking. Some big balance wallets already staked almost 1 bitcoin as a reward which i consider is very generous even in this price so If you are familiar with Ratecoin history and its ups and downs and planning to buy a decent amount of coins to lock in for staking then this price is definitely an opportunity thats all i can say  Smiley
Thanks for your answer, it's very clear, even if I'm not very familiar with the past of XRA, I will check some and I think it's a good coin to own

Freemarket decides the price. However, things to consider when investing and in this case XRA.

1) Scam = Definitely not
    [= biased opinion of a major holder. Not an outright scam, but loaded in favour of the select few.]

2) Developer = Presstab (enough said)
   [= enough said!  While Press Tab has a good developer reputation, every coin he touches turns into a coin for the Old Boys. New investors can't get a smell in. They have to break through a barrier of millions of coins staked in small amounts by investors such as you which makes the difficulty sky high for other investors. This excludes most new investors from significant staking. This coin is controlled by an elite few. Highly centralised.]

3) Community = Solid and growing
   [= the small, early adoptive community is solid, which is understandable since they own most of the coins, but I don't think that community is growing. A lot of people are turned off by the poor reward (if any) after many days staking of large amounts. I could probably get more from visiting XRA coin faucets.]

4) Longevity = Still in early adopter stage, low supply, most of the supply is held by long term stakers, (little chance of dumps), claimed addresses for reference http://www.presstab.pw/phpexplorer/XRA/richlist.php
   [= yes, most of the coins are held by early adoptive stakers and the richlist you point to is highly illuminating - but you don't highlight the block explorer, which shows that the barrier of micro-stakes held by the select few are the ones that are staking, blocking out ordinary investors with much larger amounts staked. Here, take a look at the hashes and who the stakes belong to: http://www.presstab.pw/phpexplorer/XRA/index.php]

5) HyperStake (XRA big brother) been around for over 2 years, still listed and activly traded on most major exchanges, so I asume XRA will follow in HYP footsteps.
   [= Ah yes, HyperStake! That says it all and the newbies still fall for it. The arch-Emperor's New Clothes coin.]
 
6) Fun as hell to stake, specialy when it comes to using the lock block feature.
   [On behalf of those who have had their fingers burnt by this coin: ya gotta be kiddin'!!!]

7) I would add some more stuff, but I am on my cell phone. Smiley    
   [Please do.]

Happy Staking.

This coin is sterile. New investors, beware. Check out my comments in [bold].