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Showing 20 of 40 results by Nycziecskoi
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Board Announcements (Altcoins)
Re: [ANN] [AirDrop] DECNT - Decentralized token with no centralized management
by
Nycziecskoi
on 18/02/2020, 22:26:43 UTC
Just some thoughts, basically about the potential cheating attempts on the airdrop, such as providing double&fake accounts etc.

At this point the value of the token is next to 0. It will only gain value if some criterias are met, mainly decentralization and potentially a use case or some means of attraction. Any airdrop participant will already have %1 of the whole token supply, which is a huge number, arguably even more than ideal. Further increasing your token share would mean that many less people contributing their ideas, time and efforts for the project, which would reduce the possibility of success. You don't, or you shouldn't, want to hold more tokens than you will already be provided by the airdrop. You will potentially even sacrifice a notable portion of your airdrop tokens for the success of the project, for example for bounties. That is how this project can be successful.

Assume when the airdrop is completed, a few people buy most of the supply on the exchange or OTC. That would also kill the project right away. You shouldn't want to own more tokens than you should again for the same reasons.

The project gets is (potential) fuel from its participants and their efforts. That is all we have. Any attempts that cripple this sole source of potential will be weakening the project, thus reducing your chances of making money out of this project assuming that would be your motive if you attempt to cheat the system. It is a delicate balance with no predefined or strict rules. We will experience it all together.

P.S: I wrote this to Telegram chat, then also pasted to here. Feel free to join us at the TG chat if not already done: https://t.me/DECNT_Unofficial

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Topic
Board Announcements (Altcoins)
Re: [ANN] [AirDrop] DECNT - Decentralized token with no centralized management
by
Nycziecskoi
on 14/02/2020, 22:13:33 UTC
I just created a Telegram group for DECNT token.  Smiley

By definition it is an unofficial group, as there will be no centralized management, or official representatives to DECNT.

Feel free to join for further discussions around the idea!  Wink

https://t.me/DECNT_Unofficial
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [AirDrop] DECNT - Decentralized token with no centralized management
by
Nycziecskoi
on 14/02/2020, 21:00:45 UTC
PM sent. This sounds exciting!  Cheesy
Post
Topic
Board Announcements (Altcoins)
Re: [NEW ANN]⭐POS+MN⭐FASTNODE - Your best investments into tomorrow⭐ Relaunch
by
Nycziecskoi
on 17/04/2019, 12:53:43 UTC
Truth-less? Might it be "Trustless" perhaps?

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Topic
Board Announcements (Altcoins)
Re: [ANN][GTEX GAMING PLATFORM]
by
Nycziecskoi
on 15/04/2019, 12:18:13 UTC
Following
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Topic
Board Announcements (Altcoins)
Re: 🚀[ANN] PULSE - Blockchain Video Streaming Platform POS/MN 🚀 WORKING PRODUCT 🚀
by
Nycziecskoi
on 11/04/2019, 11:36:20 UTC
Following
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Topic
Board Announcements (Altcoins)
Re: [ANN] [POS / MN] ⭐️ An All-in-One Crypto Trading App ⭐️ Windows/MacOS
by
Nycziecskoi
on 09/04/2019, 09:37:01 UTC
Following
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Topic
Board Announcements (Altcoins)
Re: [ANN][POS/MN] ⭐ FUSIONX - Creating a Future of Limitless Energy - Official ⭐
by
Nycziecskoi
on 05/04/2019, 20:54:55 UTC
Hello all! This is the official FUSIONX ANN.

There is NO airdrop/giveaway being run and most likely there will never be one. It was a rumor intentionally created by the scammer on the fake ANN.

POW mining has been completed at block 1250. Since then FUSION has been a purely POS/MN coin. So not minable anymore.
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Topic
Board Announcements (Altcoins)
Re: [ANN] Prometheus59 - a decentralized global blockchain-based supercomputer
by
Nycziecskoi
on 02/04/2019, 14:26:53 UTC
Since they have names and faces on their website, I asked for their linkedin profiles, or any social media profiles of the team. I got rejected. Then I asked only the info of the person from the team who was replying to us. He repeatedly said the information would be provided as the project evolves as I insisted.

It is great that they came up with a transparent team with open faces and names. But I don't see the point why they would defer sharing of their social media accounts / linkedin profiles. I can't find any information about any of the team members on the internet. So currently there is no way to verify they are really the people they claim to be.

Not deducting anything, just saying.

Post
Topic
Board Announcements (Altcoins)
Re: 🤑[ANN] Flexinodes - Flexible masternode revolution [Flexible MN + PoW+PoS Quark
by
Nycziecskoi
on 03/02/2019, 23:28:04 UTC
Are you fucking serious?

2% premine of 10 billion coins is 200 million coins.

Miners get 4 coins per block for one shitty month then that gets cut in half. It's basically going to take over 100 million blocks, which is 200 million minutes, or about 380 years, until all miners together mine an amount equal to your premine.

So dumb. Nobody should mine this.

This is like the 10th time I've made this exact post breaking down bad coin economics.

That is previous devs specs and I surely understand. I will be making changes to the reward structure for mining and POS. Previous dev kept 174 million and let us take 10% of that total premine. Changes are to come that will increase profitability very soon! Previous ANN listed in entry message


So what you are saying is previous dev has 174 million coins to dump at any moment he likes?
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Topic
Board Altcoin Discussion
Re: Do bounty hunters become ICO investors?
by
Nycziecskoi
on 28/11/2018, 20:20:41 UTC
I think yes,we are kind of investors in Icos but we are investing not money but our precious time and much efforts for advertising cryptoprojects through social networks and forums.So yes we can be considered as investors too.

This is a great answer! I think the most successful bounty hunters are the ones that really believe in the project they are promoting though, and that means at times they might also use their money to invest even more in the project.
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Topic
Board Altcoin Discussion
Re: seling or holding your altcoin ?
by
Nycziecskoi
on 28/11/2018, 20:19:25 UTC
Hard to generalize for all altcoins.

There are those you buy because they are hyped and you want to profit out of that hype. So you buy low and sell high (always with a stop loss in case the market makes a bad move) and then usually forget about it.

There are those you buy specifically to hodl for a longer period, but then still you ride the wave, that is you sell it at highs and buy back at lows. If it goes even higher you still buy back because that is a long period investment for you.

Hodling a coin meant sticking to a coin and never letting it go in 2017. Now it evolved, and it means keeping it in your bag, but increasing the amount when got the opportunity by selling and buying back.

Of course, if you realize the market is going really bad, there is always the option to sell it all to turn to btc or fiat.


Post
Topic
Board Speculation (Altcoins)
Re: Bull market soon? Or a trap? 🤔
by
Nycziecskoi
on 28/11/2018, 20:11:30 UTC
It can be considered a trap only if you walk into it. I would rather consider the current phase as a "handle with care" zone. Don't go all in and use stop loss.
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Topic
Board Altcoin Discussion
Re: Is it better to have many altcoins or it is enough to have few?
by
Nycziecskoi
on 28/11/2018, 20:09:53 UTC
It is good to diversify your portfolio, but not too much, and definitely not by buying altcoins that you are not sure of just for the sake of diversifying. By diversifying I mean at around 10 altcoins. I don't think more than that makes too much sense.
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Topic
Board Altcoin Discussion
Re: Ultra low caps aka. Crypto Gems: First impressions
by
Nycziecskoi
on 28/11/2018, 19:49:32 UTC
Nice post. This is easily my favourite part of the crypto game. Like with any investment don't bet more than you're willing to lose. Holding a big bag of illiquid coins when you need cash elsewhere is not a good feeling... and remember to take profits!

Don't bet more than you are willing to lose is one thing, and it is a general rule of thumb. In the case of ultra low caps, the other rule is, as you also mention, don't bet more than you are willing to forget about for at least a few weeks. Besides another important remark, do not market buy. The spreads are generally large and there will always be people dumping their bags getting tired of waiting or needing the btc/cash for somewhere else.
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Topic
Board Altcoin Discussion
Re: Ultra low caps aka. Crypto Gems: First impressions
by
Nycziecskoi
on 28/11/2018, 19:45:32 UTC
Although ultra low caps are considered good investment because they have more soace to grow both in volume and value but at the same time fundamentals should be seriously considered before investing and solid project with regular updates and quality developments alongwith competent team must be selected to avoid loss as most of small cap coins represent crap projects.

Totally agreed! I am also new to this field as I said. Once I read about around 50 projects at one go and could only come up with one maybe two half decent looking projects. So many crappy projects in there indeed. You have to be extremely careful and picky. But if you manage to find the "one" at a really early stage, the potential gains are incredibly high.
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Topic
Board Altcoin Discussion
Re: Ultra low caps aka. Crypto Gems: First impressions
by
Nycziecskoi
on 28/11/2018, 19:42:32 UTC
It is quite risky but if you get it right, it could make you rich. I know some of the influencers that were able to capitalize on this strategy. I am curious about the telegram group for ultra low market research and shills, can you share that part?

I am not at a point to endorse any of these groups. So I would rather not share their links publicly. Feel free to DM me and ask for the said links though.
Post
Topic
Board Speculation (Altcoins)
Re: Time to buy back every thing
by
Nycziecskoi
on 28/11/2018, 18:05:37 UTC
Right and wrong.

It is right because the prices are +90% cheaper compared to ATH. "Buy when there is blood on the streets".

It is wrong because it can still go lower.

I feel like I have repeated this a lot but never too much:

1. Always scale in, buy partially and gradually
2. Use tight stop loss, if possible manual

But yes, it is time to be looking around to start buying.

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Topic
Board Bitcoin Discussion
The Crypto-Capitalism
by
Nycziecskoi
on 28/11/2018, 17:42:59 UTC
We are the bears and the bulls, the hodlers and the fodlers, the peasants of the crypto world. We are just not one thing: we are not whales. We are many, but we don't control the market. Whales are few, but they are in full control. So it seems we got our own version of capitalism: the Crypto-Capitalism, where 1% manages the rest of 99%. What do you think?
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Topic
Board Altcoin Discussion
Re: What keeps you motivated to Hodl?
by
Nycziecskoi
on 28/11/2018, 17:30:58 UTC
There are a few motivations:

- Having bought in from a good spot, which is around or lower than current price
- Having already lost a good chunk of it that not daring to accept the loss
- Still having the no-more-popular mindset of 2017 of hodling and hoping all will be fine