Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield
by
HKBvM
on 12/11/2014, 17:28:42 UTC
Quote from: defcoin on November 12, 2014, 04:01:36 PM
Quote from: HKBvM on November 11, 2014, 08:21:47 AM
Quote from: ltcjunky43 on November 11, 2014, 02:48:26 AM
Hey everyone, It has been a while since I've been on this forum. Had to take a long break to deal with some personal issues. Could somebody catch me up as to what has been going on with Naut, and the crypto world in general over the last 4-5 months? I would really appreciate it Smiley

Naut. first dev couldnt deliver, second was Bryce Weiner who did/could not again. Now Julian Yap is working on POS, thats pretty good.

Cryptos. Mintpal bpught by scammer, took off with 4000BTC or so, total volume is probably 20% of last april. Epic drama around xc and blocknet. New trends are ICOs and "asset backed" coins. Do you have a ridiculously dumb idea? Go crowdfunding via crypto. I mean we have URODARK (14BTC ICO) now. Farmers can by their fertilizer on the blackmarket now.

Also, tell people your new shitcoin is "asset backed" with some real company and they will buy it. Why people dont go for stocks if they want to invest into something "real" is beyond me.

So, yes cryptos are a big fat joke right now. Maybe prolong your break.

<---- why am I still here?

I often wonder the same thing I contunously fall for every promise in crypto and continue to get destroyed because of it. I am holding bags and bags of failed coins at this point who all were supposed to have things coming soon they say. Arch is the only alt I can say hasn't let me down at this point. I'm just hoping this can be the one that saves me.

I dont know if what I am writing is actually news to you, but one thing is important to not get burned. We have pump+dump groups who are now either working together with devs or having coins created for them with the sole purpose to pump+dump them. Without being a member of the groups the risk of getting burned is huge. Buying those coins is fine, but take profits early, DONT BE GREEDY, dont be fooled by all the newbie accounts telling you how great the coin is. You wont sell at the top anyway as the groups decide what the top is and after that it gets ugly. Most coins are not about development but nothing but planed ponzi-schemes. Of course we have solid coins out there as well, but most of the new coins are of the former kind.

Realize that and you will close to never hold a wothless bag.

A good advice is to follow the right people on twitter and do the opposite of what they are telling you to do.