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Showing 7 of 7 results by Ariebaba
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Board Altcoin Discussion
Re: My numeria experience 2.30 btc -> 0,7 btc
by
Ariebaba
on 30/06/2017, 22:11:38 UTC
So after reading all the negative feedback about Numerai in a previous topic you posted in also.

([ NMR ] Numeraire - What do you think about?)

You decided it was a good idea to invest 2.3 btc?  Roll Eyes
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Board Altcoin Discussion
Re: Good coins to buy?
by
Ariebaba
on 29/06/2017, 06:33:03 UTC
I just invested in Factom because it's always a stable climber but currently at a low. I think with Eth and Sia you cant really go wrong also. But this is just my opinion, do the research.
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Board Altcoin Discussion
Re: Name your favorite cryptocurrency
by
Ariebaba
on 28/06/2017, 08:20:58 UTC
1. Viacoin (for the dev)
2. Siacoin (for longterm)
3. Factom
4. Aragon (just interested in it's future)

And btc ofcourse
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Board Altcoin Discussion
Re: What does the altcoin market need to increase its trustworthiness and marketcap?
by
Ariebaba
on 27/06/2017, 21:11:07 UTC

The crypto scene needs a more direct and established link to real world products and services. Only then will a/those coin(s) become firmly rooted and have price stability akin to fiat currency.


I think the problem is indeed that a lot of 'companies' behind altcoins stay in the development/project fase. And I think it's not that strange that the step from project to real world use of the particular altcoin is a big and difficult one. I mean, why would a big multi billion dollar corporation choose to work with a small altcoin company? They have their own massive IT departments, if they want to use it they can just develop it themselves easily with all the available open source material. I think in this way the altcoins that are really designed as a form of payment at the moment have the highest sustainability.

So you are asking for a soft form of regulation and the same break mechanism what you can have stock markets Smiley. BTW those big dumps are used to be panic selling noobs and I don't see why anyone should stop them being dumb. That's their natural right.

I know regulation like this is against the open market idea of bitcoin. However I think the current exchanges especially the ones with a low volume of certain coins show a lack of capability to offer a markt conform price for their coins (the price differences between exchanges). Combined with the problems with flash crashes and completely shutting down (coinbase whenever ETH is low).

I think for a start altcoin developers should start focussing on making a whole product instead of a plan for which they still need a big load of luck to attract
potential investors/companies who want to work with them.



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Topic
Board Altcoin Discussion
What does the altcoin market need to increase its trustworthiness and marketcap?
by
Ariebaba
on 26/06/2017, 09:47:40 UTC
I think the altcoin market is shooting itself in it's leg with all the new ICO's and coins with a small marketcap. The big amount of small coins make up for a high volatile market. Because of this 50% + spikes aren's something strange. I think this is what slows down the attraction of new serious investers and only attracts more gamblers and other people only interested in a quick buck without any care about what the projects are really about. Attracting players like this will make the market even more volatile and less trustworthy (vicious circle) like we see lately.

What should happen to make people regain their faith and attract serious investors to increase the marketcap in a sustainable way?

Some (probably impossible and maybe bad) ideas:
-Stop the exchange of a coin temporarily when a coin hits a given increase/decrease  in a predetermined time (say random 30% in 1 hour);
-Give a minimal required marketcap before coins are added to the big trusted exchanges (say random 40 million);

I'm curious for your insights.
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Topic
Board Altcoin Discussion
Re: The real worth of ETH?
by
Ariebaba
on 16/06/2017, 17:51:49 UTC
Yes that's what I saw also and I could only conclude that the ICO's have a big part in this. What is the change that Bancor will become the next DAO and crash ETH?
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Topic
Board Altcoin Discussion
The real worth of ETH?
by
Ariebaba
on 16/06/2017, 16:50:30 UTC
I have some problems with understanding the current high price of the ETH token. I understand the value of the ethereum network and why it differs from the bitcoin network. But.. I don't understand why the coin itself has such a high price.

The ETH token was used for the crowdsale/fundraise of the ethereum project. And it still has his function in the blockchain as a means of pay for transaction fees and stuff like that. But as I see it most companies that adobt the ethereum network will just use the blockchain and not the token, making the token not really valuable at all (as I see it..). I think it would even benefit ETH to have a lower price if companies really want to use it as a way of paying transaction fees.

The only big thing you can do at the moment with the ETH token is paying for ICO's..

Maybe I see it all wrong but is there any other reason that the ETH token itself is so high priced beside just big pumps and people lurking for a fast buck?


ps.
(This question goes for a lot of other altcoins also actually. Don't look at this question as a hate to altcoins, I'm just curious because I begin to doubt investing my money in them more and more..)