Relaunch for this reason, to reignite attention? The name alone surely worth more than current market cap.  Need to find a project in the investment world to tie it to for smart investment etc imo, i.e. in crypto and/or non crypto.

Still functioning after all this time maybe a selling point. Just my thoughts.  Holding

And if I'm giving wrong highlight it, correct me. Teach people if you know better. Debating the way forward is the way to consensus, and reveals the correct path.

Hi guys, sorry if much of this is patronising to some, I just think it needs to be said.  There are a lot of people involved that need to increase their understanding, for their own benefit as well as everyone else's.  And listen to me or dont, it's your choice. I'm just a know-nothing nobody.

To the community - the coin needs trading and a decent trading volume to attract open market traders and new investment.  I know people have bought with long term value in mind, however of we all just sit on coins that long term value is unlikely to materialise.   They need to be turned over. 

Key:   Identify a price range within which you would honestly happily buy the coin yourself based on current market prices and the immediate outlook for the coin - you then place your buy orders at the bottom half of the range and your sell orders at the top half of your range. And be honest with yourself here.  Peoples' differing perspectives on what this range should be will naturally create a market and profitable opportunities for new traders and for those of you already in the market.   Once there is volume, as well as the volume figures themselves, any small price spike will bring the coin to the attention of traders who are looking for profitable opportunities.  Profit being available for traders does not necessarily mean a loss for someone else in this game!  All we need is new players and constant trading and the only way is up. It is self perpetuating.

What ruins a market is too much profit taking, and there will always be some that intend to take as much as possible, but as a community we can defend against that if we trade responsibly, by selling at prices we would happily buy at ourselves.  Any over sells or over buys will then naturally correct themselves, as the huge sells did before when the price was inflated. Those sells were part of price discovery, which hasn't finished still, as there were insufficient buyers to pick up the pieces - the collapse was actually caused by the rapid price increase, same as btc, but that doesn't mean it's all over, just a moment in time, a blip, and perfectly normal.

Buying at a couple hundred sats and then placing sell orders at 10000 sats+ does not add value. By all means place some sat that level, and in between, but if you want the price to reach up there and beyond it needs to be traded up steadily from the lower levels... it needs foundation.  Huge price spikes are not always sustainable as we saw before when it just meant there was little option but for people to sell into the extreme price rise because it is difficult to refuse such a large return on investment with so many unknowns.  Those of us with no inside info would in fact be stupid not to sell when staring at such a high roi.

You do not necessarily need to reduce your overall holdings of Bitcloud in order to achieve this, although there is nothing wrong with this slowly occurring if it's value increases,  user base increases, and therefore your overall investment measured in btc or usd or whatever increasing in value.  This can work if you intend to accumulate or decrease your holdings but let's not be greedy - 10000 or 1000 coins at $50 or $100 each is worth more than 100000 at 5c! 

And even if you sell you coins, you can still buy them again!  Even if you buy at a higher price because the market has moved on, the same can be done again.  Buying back in at higher prices than what you sold at is what will make it grow and what will make others buy too and is what you do if you believe in the coins prospects. Sitting on coins with the hope that someone else will do it just delays what you want from occurring!  If you are happy to take a small loss to aid the coins longer term prospects, for example if you want to contribute but have no other means and/or skills, fill your own order from time to time, assist the transaction volume. You lose a 0.1% trading fee is all.

Ideally, a lot more coins would be available for purchase, at a range of prices. At the moment, say a big fish comes along, wants 0.5% or 1% of Bitcloud given its low market cap, to make it their new primary trading coin (and we need this since there do not appear to be any primary traders), can they get them?  No.  They can get half a dozen masternodes if they part with... a couple hundred grand lol.  I think we are asking a lot here guys, that's a big leap of faith for someone to take, particularly with no goal I'm sight!  We all need to make more available to the market.  If you think youre selling them too cheap, you aren't if that's all you can get for them.. be realistic.. treat your buyer like he is you!  It helps you to help him!

Which brings me to my next point.

In terms of value proposition, I think the market needs an indication of what bitcloud is going to do. What sets it apart? The masternode functionality is great, but not enough it seems.  At present, there appears to be no goal, so even the floating of an idea that you're working towards is likely to be positive for price given it is clear you have a dev team.  Am I correct in thinking the original goal was a decentralised internet?  If that is no longer the case, what do you now intend?  "It's a currency", does not set it apart.  A roadmap towards an idea is required.  When goals are reached, set new ones! No goals means a steadily price decline with certainty.  This is capitalism.. You can never rest, only reach for new heights or die, capital will automatically move to where roi is available, and roi requires growth and development and investment - you need all three but once you have them,  all three will benefit individually from that and perpetuate an increase in each of them and the potential roi.

The kind of ideas people need to float to the rest of the community and the dev team can be wide ranging, and we dont have to reinvent the wheel necessarily, there are some big pies out there and only a small piece of one can amount to a substantial amount of money.  Take WhatsApp for example - 1 billion users, using its encrypted messaging service, video calls etc. Yet it's owned by facebook, hardly the role model of data security.  Taking on any idea such as this, even the intention of doing so alone, creates market value and creates additional buy-in.   You could go further, develop group video chat or whatever. There are some coins that have said theyre taking on WhatsApp already, but perhaps the stability of yours puts you better placed to beat them to it?  This can be the same for any idea, I've just given the above as an example.  Investors in this market will take risks, as they're basically venture capitalists at this point, high risk for potential high return... but risk is far too high if there is no goal at all, as reward cannot be calculated.

Use case ideas people, bring them to the table and agree something... get this project back on the road l, it looks to have stalled but we can save it. Time to turn the engine back on, get it turning over, and then rev up for take-off... we are still on the runway!

One last thing - once some of the above is done, run a few adverts on the coin info sites or investment sites or something? ICO after ICO has been raising millions in this way, and they havent even built anything yet, whereas you have a working product and a track record. You have stability stats etc.  These are worth something!

Sorry for such a long post, and regards to all.

there is already an app called 'zcloud' created by zyxel.

if you are connected to this, great. if not, be aware copyrights/patents no doubt exist.

Distribution phase looks to be going well, and the price is fairly stable - good stuff guys.  Apologies if earlier posts upset anyone! I perhaps could have addressed that issue in a different fashion.


Question.  There is a raspberry pi wallet, which was an excellent addition to the relaunch.  Can masternodes be run on raspberry pi? If one wanted to run multiple masternodes could they therefore be run on a stack of raspberry pis? Assuming it can be done, is there anything particularly different about setting up masternodes on raspberry pi?

I see lots of talk of using vps, however it seems raspberry pi is a better option for those people who prefer to hold their coins in hand rather than trusting a third party, particularly given the value of an MN.  In my opinion this would be a popular option if made more widely known given the spirit of the crypto world is to function as a trustless system.

apologies, i was a bit rude there.

ive made my point anyway and dont need to say anymore. read or dont read and good luck.

just saving time but perhaps impatient of me. i could have done one point at a time but you would no doubt rebuff with an ill-thought through pointless argument so i counter in advance.

i appreciate cognitive dissonance makes it difficult to consider what i am saying but i assure you i am on the side as you, the same as everyone here is if you try looking at things a different way.

the fact there was no response is what makes it clear there is significant disagreement.

i dont doubt you are in profit - i am too. however to get the coin to new heights, say 100 fold from now, some recycling has to be done. sell and reinvest at a bit higher than before. no one objects to profit taking along the way, it is expected and is healthy for the long term price.  allow some little folks a bit of profit too rather than squeezing the life out of them and the coin will be more secure and there would be a much tighter spread between buy and sell prices.  little folks will stay for life and support the coin from its foundation and it becomes unshakeable.  as it stands it can be wiped out in an instant, and many little folks prob bought in at the top. if youre not careful they will cut their losses too never to return and pay attention that there is not much price support unless you want to provide it.

and im not saying sell everything necessarily lol.  im telling you what is required to make more money.  by all means continue as you are, rip the life out of the coin and take as much profit as you can and all you will get is lower prices, less faith and many more accusations of scam leading you nowhere fast.  its short term thinking. legitimate projects recognise that sacrificing a little profit is an investment in itself.  when i sold i could have taken much more profit but chose not to as corrections are healthy and goodwill in the market helps boost faith amongst those that actually understand, as well as those that could not afford the thinly traded high prices that were being maintained.  you want these people in and sells give them the opporrunity. you want to build a community right and make more money? youre risking it all for less money than risking less lmao.

i actually want the coin to succeed which is why i didnt maximise profit and left plenty on the table for others. and i will help it succeed whether im in or not as i believe in the idea.and i have a few at least so you cant reject me for no skin in the game.

so if you believe in your product relax. the big boys will come if you arent too greedy - they expect you to take significant profit - but not  entirely at their expense and they need to see sufficient profit potential themselves.. their risk profiles will not allow exposure to such obvious risk, which is why you see crickets out there right now instead of them being all over this loke they could be.

or be just another altcoin and be a market tyrant.  we all know what happens to tyrants in the end - cutting your nose off to spite your face is a mistake imo and holding too many actually show your fears and lack of faith in the product because essentially your saying if i cause the price to go down im worries it wont go back up.  so you fall victim to your own fears because others see that, and so you make them come true.

its a good product but the best product doesnt always win you need adoption. ask sony about betamax.  im not saying it wont necessarily be a success either way, but it will take a lot lot longer your way imho if it even gets there that way.  look at btc...ots been successful because traders have allowed swings.

the reason i was looking for a response is because debate is healthy for the coin also - faith will increase if people can see that the right thing is being done and issues are being considered as they are placing money in your hands and need confidence.  all currencies require faith and confidence and if you think you can tell the market hiw it is rather than the other way round you are in for a shock most likely. it might be a steep learning curve for you but it will benefit you in the long run.  we can learn the lessons of life the easy way or the hard way my friend. 


you obviously ignored the comment about selling a decentralised system but controlling it centrally being a bit of a contradiction!

im not going to cry either way from the sidelines anyway.. its not like i havent missed profit opportunities in the past many times and ive made plenty here. i had hoped all involved would do well but im happy just paying it forward in life, it has always served me well.

obviously many people think i am wrong so please tell me how im wrong if i am, and if youre right i will be quiet and let you get on with it.

for the record and in the interests of full disclosure i am currently sat on the buy side of things, so before you cry vested interest at my comments i can confirm what i am advocating is in my interest. 

however, i believe it to be in the interest of the coin too.  someone has to fill the roles of buying and distributing and generally trading so true  price discovery can take its place and i see nothing wrong with that.. and controlling the process yourselves prevents that. everyone wants to make money including the little guys and if the risk reward ratio is not good enough for them to buy in then you find yourself in the current situation.

i know you are worried that a big sell will reduce the illusory number on your screen that you see as your wealth but have some faith that people believe in the coin tech - if you believe it is that good then any reduction will be shortlived once prices find a surer foundation. i suggest you release some of the wealth and in a short space of time you wealth will likely be greater.. you are tour own enemies at present.  lead follow get out the way or whatever. rocket science it certainly is!

looks good on paper? likely the plan by some!

its expensive still for this stage in its life imo because the big holders have not accepted the result of the natural price discovery process still.  the market has not and will not buy up the coins and raise the price like they want so they can them dump them and take the cash.. buy prices will stay where they are, people are not stupid and therefore there is no natural liquitidy at current prices.  you are surely in good profit already if your not wasting it with this current play.

new people are needed to develop faith in the coin and is it stands that will not happen beecause the perception is that its dodgy because of the above.  you want to sell a decentralised product but centrally control it?? lol.

in all honesty it looks very much to me like a bunch of fake orders from these guys are propping it up until they run out of cash and/or accept reality, hence they keep moving the same value of orders around constantly if you watch. obviously there will be pockets of legitimate buyers unaware as well. i could be wrong though, who knows.  and im not saying its the dev necessarily either, its difficult to say what exactly is happenong but in short theres just too much greed amongst some presently and its delaying the progress of the coins maturity as an investment.

i like this project - coin tech is good.  the coin could go high in the long run and actually stay there, but more smaller holders are needed to ensure this and bigger bags need to be distributed more widely and then further distributed themselves, in part at least, for this to happen.

if you want to hold onto wealth you have to share the wealth too or risk ending up with none, just like in "the real world".  leave no man behind and benefit yourselves too is surely the better option.. let nature take place and stop trying to control everything or it may be all of our downfall.  

please do not waste the faith people have in you - or the faithful may decide to look for better options where their faith looks more like being rewarded.  the faithful appear patient.. why are the big holders not being patient in search of wealth too? you only delay the result you yourselves want, and you are bearing that risk almost entirely by yourselves.

these are legitimate risks and buy order prices reflect that, its that simple and its time to wake up. what you dont seem to grasp is that everyone likes the coin and is on the same side, there are just different views as to what is best for its future longevity.   tell us, hows your current course of action working out for you?  not going as you want or expected is it. i suggest being honest if you want the love and faith people have for you to remain.

the market is always right even if its wrong because it deals with the here and now, not what you view for the future as it considers these to be merely delusions of grandure at this stage of the maturity curve.. and there is no avoiding these stages as should now be obvious.

Sorry, I didn't intend to sound quite as negative as I came across regarding trading volume.

If you want big money to go in though you can't have such large holdings amongst just a few.  Serious investors are unlikely to buy in to a coin with such a shallow distribution of power.

Let us remember - absolute power corruots absolutely - and Rothchild said give me the power to control a currency and I care not who writes it its law (who is Dev).

The point I am making is that it is not a case of not having faith in the Dev - he could be God or Satoshi or whomever - the market does not know who the big holders are and any investment is beholden to their whims and ideas, good or bad, which equals risk.

I like and have faith in the Dev, but if you want a long lasting coin you must respect the market.

Regards

There appears to be little or no trading anyway on either exchange

what happens to coins on coinexchange?

is there anything you need christian to help move this along? or is it out of your hands?

the cause of the delay is not clear

have people updated their masternodes yet? because if not surely that is still the delay and the reason why they havent requested that coinexchange make their update..

dev has done a good job to date for which i am grateful, and i will therefore show some faith in him and be patient as requested.

let him roll things out in his own good time, im sure its for our benefit.

are you able to brief us on the update?

Thanks John - I have moved and received all my coins now.