Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] [XEL] :: Elastic - The Decentralized Supercomputer ::
by
techwriterjoe
on 06/07/2017, 20:13:00 UTC
Quote from: HmmMAA on July 06, 2017, 08:02:47 PM
Quote from: pumpmydump on July 06, 2017, 04:59:05 PM
Quote from: ImI on July 06, 2017, 01:42:59 PM

I remember investing in Dash aka Darkcoin when it was a measly 0.00005 and folks like you where all over the place. "Don't invest! Devs holds all of the coins!" And in that case it was even a much different situation as Darkcoin had no such clean and months long way of distribution as Elastic. It was basically an instamine. And yet, Dash went berserk right after i bought my first stake in it.

The only thing misleading here is to lure noobs into thinking they should look at the distribution of an asset when there are things to consider much more important than that. Think about marketcap in comparison to the competition, rate of inflation or the classical risk vs reward approach. All of that in combination with passionate developers and a clear goal and vision truly matters. While your advice is basically crap when it come to successful investing. Go ahead and checkout the starting distribution of lot and lots of projects and you will find no correlation between the two parameters, be it negative or positive. It will just distract you from the parameters that really matter.

Sure when the devs hold all the coins the thing can still explode, often because those devs are the ones artificially inflating the price.

The parameters that matter depend on the scale you're looking at. Long term of course those you mentioned matter the most. Short/medium term not so much. I see this thread as an echo chamber with every page filled with "to the moon" and "best investment ever" and "stupid dumpers" and so on, but truth is newbies putting money into it right now will get burnt, because most of them won't hold long term. It's the arrogance of your community that makes me react more than anything else.

You have no marketing, the devs are anonymous, top 100 balances hold nearly 90% of coins, most of them have made a 150x return on investment at current market price so tend to cash out a part of their stash, no surprise it's going down and likely will keep going down for a while. Yea what you mentioned will matter long term, right now it doesn't.


Are you the guy who said that XEL will never make it to exchanges because it has anonymous devs or it was another troll ?

They both said it. Trolls for sure.

The currency is distributed exactly like it should be/would be considering we have only been on 2 exchanges. Yes, the original 100 or so investors still own a lion's share, hell, all of the redemptions aren't even out yet. We can only sell the stuff so fast, and that's if the holders want to sell. It's no mystery that they would want to hold onto a coin that already has a working prototype.