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Showing 7 of 7 results by Jayson (Torum)
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Board Altcoin Discussion
Re: Security Token VS Utility Token
by
Jayson (Torum)
on 21/11/2019, 03:51:07 UTC
well since there is no difference between the two and they are both garbage and have no demand at all, there is not much to choose from! and so far in the past couple of years  we have seen that they keep changing the name of the tokens but in the end they are only serving one purpose and that is fund raising for the owners and then death. i have not yet seen any token that could deliver at least 10% of what they have promised. they just get pumped, some big pumps like 100% and then die off.

How about Binance Coin (BNB)? Whenever I wanted to look at the potential of utility token, I always look at BNB.  The coin's utility in Binance ecosystem has definitely boosted the underlying value of the token. Their price graph is consistently up, which shows that utility tokens have a shot in the market.

As for security token, I really can't see any function, aside from representing security (ownership) in digital form.
Post
Topic
Board Altcoin Discussion
Topic OP
Security Token VS Utility Token
by
Jayson (Torum)
on 13/11/2019, 06:50:36 UTC
Just between security token and utility token, which token do you guys prefer? I am actually on the side of utility token because there is a clear demand over there, which means assuming its supply stay constant, the price of that utility token will theoretically rise as demand increases.

I just can't see how security token is going to change the industry in any way.

What do you guy think?
Post
Topic
Board Altcoin Discussion
Re: Altcoiners now is your chance
by
Jayson (Torum)
on 11/11/2019, 08:38:12 UTC
Well, the altcoin season ain't coming whether you like it or not. How can you expect the altcoins to moon, when there is little movement on Bitcoin? Bitcoin has to make the first move and until then, there is no hope for altcoin (exlcuding those who have utility value).
Post
Topic
Board Altcoin Discussion
Re: No trading volume is same as dead coin
by
Jayson (Torum)
on 07/11/2019, 02:33:15 UTC
Yes, that is true. But maybe we could also look at other factors, such as code depository update and the project's core team. The thing is a lot of crypto projects have grand visions, but their visions do not maximize the utility value of their cryptocurrencies. Therefore, their cryptocurrencies are are unlikely to escape from the fate of no trading volume.
Post
Topic
Board Bitcoin Discussion
Topic OP
Is crypto-powered social network a trend?
by
Jayson (Torum)
on 04/11/2019, 11:16:44 UTC
I noticed that there are quite a number of crypto-powered social media popping out in recent years. I believe the most successful one is Steemit, which most of us can agreed on. There are also other social network platforms like Appics, Uhive and etc. I am curious to know if anyone of you is willing to switch from the daily social network app like Facebook, Twitter and Instagram to crypto-powered social network. And if you could, do share your reasons for doing so.
Post
Topic
Board Bitcoin Discussion
Topic OP
How does the adoption of China affects the crypto market and blockchain industry
by
Jayson (Torum)
on 04/11/2019, 09:51:15 UTC
A week ago, President Xi of China has urged the Chinese to seize opportunities in the crypto market and blockchain industry. The announcement caught the market by surprise and drive the price of Bitcoin up until $10, 000. I personally believe that with the participation of Chinese, it is undoubtedly that the adoption rate would be greatly increased. But, wouldn't it subject the Chinese projects to be under the influence of Communist Party of China? What are your thoughts on this one?

Reference:
(i) https://www.coindesk.com/president-xi-says-china-should-seize-opportunity-to-adopt-blockchain
(ii) https://cointelegraph.com/news/breaking-chinas-xi-jinping-urges-accelerated-blockchain-technology-adoption
(iii) https://cryptoslate.com/crypto-community-divided-over-chinas-blockchain-law/
Post
Topic
Board Bitcoin Discussion
Re: What are the dangers inside cryptocurrency investing
by
Jayson (Torum)
on 01/11/2019, 09:54:10 UTC
I believe the statement "You shouldn't invest more than you can afford to lose" is the golden rule of investing in cryptocurrency. There is a lot of guys who take loans from banks to invest during the previous bull run. Well, I wonder where they are, now that the crypto winter has lasted for 2 years.

Another thing is follow the market sentiment to earn. I pretty much earn quite a lot from it. In the previous bull run, there are lots of dumb ass keep on talking about XVG and goes on and on hyping about it. I exited with 500% return of my initial investment on XVG. Big Thanks to XVG Hodlers

Good luck to you