Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XSN] Stakenet - The World's First Trustless Proof of Stake Coin
by
truethat
on 23/05/2019, 21:31:35 UTC
It still feels like a bear market to me.  BTC jumps and everyone suddenly has all this great news and adoption is just as around the corner, etc.  I don't see it.  Maybe the bear market is over for bTC.  I don't know.  But looks bearish to me still.  Crypto isn't being adopted yet.  I don't know if people understand this, but in the US you have to report every and all transactions, exchanges, between every and all crypto asset, crypto to crypto, crypto to fiat.  its all taxable.  So it can't be used for commerce without a change in federal law.  You can't have btc on a prepaid card and buy a sandwich without then paying capital gains tax on top of sales tax.  And if you were thinking about buying a sandwich with btc, then you're looking at the current exchange rate, timing it, etc.  its impractical.

for xsn, i was surprized it got zero action on abcc exchange.  its been doing ok on livecoin.  on abcc, nothing.  its weird.  its not alone though, Cardano's btc pairing is doing nothing as well on there. there are quite a few coins trading at zero there.  Maybe its just too early still for the next real wave of investment.  because the next wave of new innovation isn't really here yet.  BTC is about the same as two years ago.  It can't scale.  Ethereum's still pow and can't scale.  DEXs aren't popular yet or even around really.  I think the xsn team are correct to wait to release.  doesn't feel like the time.  lightening isn't really functional yet.  The "cloud" was a let down last year.  return of the posw staking wallet has something like three coins on it now. 

I'm waiting to see what btc does next.  it looks like its going down.  who knows.