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Re: [ANN][ICO] savedroid ICO - CRYPTOCURRENCIES FOR EVERYONE | MAIN SALE 9 FEB 2018
by
Gunny95
on 03/02/2018, 12:13:47 UTC
Quote from: gee777 on February 03, 2018, 07:50:51 AM
Quote from: Gunny95 on February 02, 2018, 04:29:59 PM
Quote from: gee777 on February 02, 2018, 01:12:39 PM
Quote from: Gunny95 on February 02, 2018, 12:42:17 PM
Quote from: gee777 on February 02, 2018, 12:23:29 PM
Quote from: Anilg on February 02, 2018, 12:15:54 PM
Almost all Crypto currencies are going down. BARs also now available at very low price. Its good time to buy few good currencies and hold for next big move. BARs is definitely one of them.

Yeah the market is all red and is definitely the best time to buy
But is there a reason why the market suddenly went red after the january bloodbath

It is a little off-topic, but currently there supposedly is doubt as to how reliable/regulated the tether is (USDT, digital dollar, issue: no limit to produce additional USDT which caused concerns)
USDT is the most common currency to sell your cryptocurrency for, bitfinex (US) processes the largest sum.

USD can also be produced additionally and this has been possible for a century or so, but USD is regulated by the IMF (not even US government)

So there is a degree of hypocrisy involved, I see the current dip as people with weak knees who panic sell their crypto assets.

In any case, when you invest in ICOs, the value in USD of your investment is locked.
So if you invest in an ICO with 1 BTC, say 12k USD/BTC, you are invested for 12k USD.
If USD/BTC then proceeds to drop, you still have 12k invested, but this might go the other way around as well

Thanks for enlightening me on this issue and i don't really think it is off-topic as this affects all crypto including savedroid.
Which brings me back to savedroid projects...how do savedroid tend to react to the bearish and bullish run of crypto, since it is trying to implement a spending and saving method using AI.

Will it follow the USDT way or the normal way?

Thank you so much for the merits, you really made my day!!  Grin

According to the whitepaper, a Self-learning AI algorithm enabling smart investments in cryptocurrency is scheduled to be released in 2020, only by then will it be interesting whether such a system is resistant to the bear market (when everything goes down), an emergency exit-strategy is possible to exchange the coins automatically for fiat currency, but I doubt that this is feasible

"2020 - Self-learning AI algorithm enabling smart investments in cryptocurrency
portfolios, futures, and ICOs, providing cost-efficient and diversified
returns."



I am glad I made your day...
The  algorithm would really be a nice feature on the savedroid platform considering what the crypto community has experienced in the past 2 month... Wish it could be implemented earlier..

Why do you think it won't be feasible?

I thought it wouldn't be feasible as I had assumed most exchanges go between cryptocurrency and USDT
Upon doing some research, I found out the opposite is true:
https://coinmarketcap.com/exchanges/volume/24-hour/all/

Korean WON & USD have a relative large volume on a 24h basis

So this would make it possible to allow the self-learning AI algorithm invest in cryptocurrency and ''park'' the customer's capital in fiat money  Cool