Crypto market is recovering now and thats a positive sign but the interesting thing is BOOM is not effected by bear or bullish of Bitcoin price. So I think despite market going in positive direction, BOOM investors wont see any sign of relief at least in coming few week or months.
Lets see how crypto market behave after this crash. There are many questions this crash has raised and good thing about BOOM is that its not affected by Bitcoin price both in up or down direction. This means coin has the capability to stand on its own.
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BoardAnnouncements (Altcoins)
Re: 📢🔥[ANN][BSC] CPLAY Network, One Ecosystem For All Your Crypto Needs | IDO Live
Your app store will be like google play and apple store? where anyone can launch his decentralized app just like ethreuem platform or this is something different. Do you have any protocol to check whether app is legtimate to has some bug inside it.
Taking forward the idea of etherum is a good approach in my opinion. Ethereum has its own issues like increase gas prices during high traffic. If someone can come up with a fix to ethereum blockchain then it will defiantly receive lots of attention from the community.
I am still not sure whether Ethereum is full decentralized or not since it has a founder (who must have all details of how to manipulate the project). If there is any new platform launched with intention of providing a platform where decentralized apps will be hosted, it will defiantly have a moon short.
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BoardAltcoin Discussion
Re: BTC halving party is over, MASS PoC takes you back to ten years ago
The price of MASS is very much stable at 0.04$ which means it has chances of rebound from here. If you see TA of MASS then it always has a rebound from 0.05$. DYOR before making any decision on investment.
MASS price has gone down further but the concern is its volume has gone up by 43% i.e. over 1.4 million USD. There are lots of people who are still buying this coin for future gain. DYOR before you make any investment decision about MASS.
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BoardAltcoin Discussion
Re: Deflationary Tokens
by
SamaBB
on 10/07/2021, 16:07:44 UTC
If there price is too high then people wont mind paying for the fee that is cheap as compared to price and profit. Deflationary tokens start with huge price and supply, will take some time to climb high in price.
Bitcoin is different, in that its supply is limited. Indeed it causes monetary deflation, but the impact is predictable through a blockchain that displays all data from start to finish and in realtime, open and transparent. Prices of goods and services in the “Bitcoin economy” will naturally fall due to competition and innovation.
A deflationary spiral will not occur, because Bitcoin does not come from issuing new debt. Even the “interest/return” rate will adjust, until a balance is reached. This has already happened when gold was the standard of world currency exchange rates. Prices of goods and services fluctuate according to demand, without artificially increasing or decreasing the money supply by the central bank.
bitcoin is the king of crypto, no coin till date has come even closer to that. deflationary coins have there own importance and can be considered for investment. Right now they are down and can be added to list for future consideration.
I don't know whether i am intercepting it correctly or not. There are too many bitcoin mixers that can be used to counter tractability of BTC transaction. Are you giving something similar to that?
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BoardTokens (Altcoins)
Re: [ANN][PIK]🔥[TOKENSALE]🔥DEFI CRYPTOCOIN - PIGGYTOKEN🔥SALE ON LIVE🔥🔴HURRY🔴🔴
Wonder what biggest crypto-exchange they will be listed with? Hope people are doing their research first before buying this token. When you checked their website, it seems not professionally done. Anyway, that's just my impression.
Thanks for your opinion. The PIK piggytoken will be launch 1 june first on: INDOEX , WHITEbit , Finexbox . After 1 august will be list on Binance , Bittrex and Huobi . And Website is made by professional web designer and cryptotraders. For your kind information, PIK is a deflationary coin with small total supply similarly to ETH , i.e. only 100.000.000coins . This gives it the power and perspective to grow in value over at least $ 10 = 1PIK. All of the new crypto coins have total supply in order of billions and billions . This is the reason that they can not raise up .PIK has economic base , has commercial support : gaming and trading will support value of PIK . By comparison most crypto have no economic purpose , they appear and disappear quickly .
Listing your coin on such big exchanges is a big task and I would say it will be like make or break thing your project. AFAIK, only listing on BINANCE gives huge push to token. I will be looking forward to see are you able to reach that goal.
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BoardAnnouncements (Altcoins)
Re: IOOX Coin - Launch ioox Crypto Ring
by
SamaBB
on 03/05/2021, 19:44:08 UTC
Touch-less payment system are need of the hour, as its mandatory requirement these days not to touch anything. Bad times also bring with them huge opportunities and its time for touch less payment system to take on the charge.
Is there opportunity to speculate on these tokens and make money off of some greater fool? Oh hell yeah.
Do I see any of these deflationary tokens doing long term good for the world and having some intrinsic value? Hell no
Being deflationary token doesn't always mean that they can gain value thru time. Actually, most of them will be dead in few months. The dev team is just enticing users that its value will grow overtime. But if there will be no actual application in the market and just banking on price manipulation, then, there's no hope for this kind of project. There's should be tangible use in the market so that it will survive.
Deflationary is a concept that is altogether different from crypto tokens launched till date. I am still doing my research on the fact that can a token having only deflation at its core can survive in the crypto world and my conclusion is that its possible.
Price of MASS coin is still very good and this coin is standing firmly after 6 months of its listing on exchanges. this is indication of the fact that MASS enjoys the confidence of its communty. ATH in 2020 was 0.70$, much better then alt coins launched in 2020.
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BoardMining (Altcoins)
Re: What are options to mine a profitable crypto on my computer.
I read on there twitter page that MASS consensus engine has reached 200 TPS. Theoretically MASS consensus engine can support 1000 parachain and the overall TPS can reach 200,000. Lets see how much it reach practically.
OK, MASS. Not sure I've heard about that outside of here, can you direct me to any documentation about it?
MASS has complete documentation about the project. Please refer to this link for more details https://docs.massnet.org/en/
It's really a shame how deflation tokens faded away so fast, the use case never lasted for long, the kinda failure from STO projects too, some use cases are just not going to work in crypto space I guess, burning off tokens when making transactions sounds cool but not just a good reason to invest in such projects, not a good utility for a real asset.
If you see stats of deflationary coins like BOOM, one thing you will notice is the volatility. On one day the market volume is in million while on other day it is in thousands. If we carefully buy deflationary coins at dip, there is fare chance of getting good profit in short run. They are good for day trading.
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BoardSpeculation (Altcoins)
Re: BOOM - First Self-Burning Cryptocurrency Based on Smart Contract
BOOM really has a pretty good mechanism but it has a huge weakness that traders / holders have to suffer a disadvantage. As far as I understand the BOOM mechanism, A transfers 100 BOOM to B and B just receives 99 BOOM, 1 BOOM will be automatically destroyed. In terms of physical value, B has lost 1 BOOM and if the price of BOOM does not increase, then B is considered to have lost. According to the current BOOM price chart, it is falling down and trading always leads to losses! That is the reason why BOOM has a good mechanism but certainly cannot attract many investors to them. I think the team should have a marketing campaign and create a strategy to keep prices for BOOM so that the project can be successful.
Very well explained. B will be in total loss if price does'nt go up. This is what crypto is all about, you have to take risk to get some big hits.
what about A ? A send BOOM to B because A is also a holder of BOOM and if BOOM doesnt increase A will also suffer from loss and its loss can be higher than B because A is a hodler of BOOM but why will the BOOM will decrease when it always burns its supply everytime a transaction was done , i thought token burning can lead ro the increase in the price . what about the fee when we send BOOM , is there a seperate fee from the sender if yes then both the sender and the reciever are going to loose some coin .
the whole concept is to reduce the supply of coins in circulation and someone has to lose in this process either its A or B. But if its a hit project then loses bear by A and B are far less then price gain.
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BoardSpeculation (Altcoins)
Re: MASS is profitable and Cheap to mine ... Here is why?
I think MASS is very bad for you to mine, especially this project is not very updated, look at their social media, they are not actively providing news, is this worth mining and profitable? I am sure not.
If you see its price pattern on exchange since its launch you will see it is performing reasonably good. I am not mining it so cant say about its mining aspect. I am only investing few extra cash in MASS as future investment.
I was going through this article Brief summary of MASS: a new blockchain consensus engine. MASS is utlizing PoC consensus algorithm and this consensus algorithm has so much to offer, probably thats the reason why MASS token is doing good even in current bearish market.
Quote
MASS believes that a more advanced consensus algorithm is the solution to promote the mass adoption of blockchain technology and realizing the vision of network decentralization. A consensus algorithm that is more democratic, fair, energy-efficient, safe, highly scalable and universal. Based on this vision, the MASS community has developed the MASS proof-of-capacity consensus protocol.
The MASS proof-of-capacity consensus protocol has many advantages; there are low barriers of entry, and it’s permissionless, with a 51% Byzantine fault tolerance, natural decentralization, and parallel support for multiple blockchains.
Of-course PoW is more superior then PoC because it was introduced by Satoshi and is backbone of BTC. PoC on the other is good for new comers who missed the opportunity to mine BTC. PoC backed coins are easy to mine on laptops and MASS is doing good on exchanges. So there is a reason to buy or mine PoC Coins. This article reminds me of this 'every technology we see today is subject to innovation and disruption. The MASS consensus engine called PoC is obviously superior than the bitcoin Pow consusus algorithm.
However, PoW has been in use for a long time, PoC is yet to be popular. As such we cannot conclude which is superior yet.
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BoardAltcoin Discussion
Re: MASS and its blockchain consensus engine
by
SamaBB
on 12/10/2020, 18:32:13 UTC
Crypto is largely moving towards centralization which is not what satoshi thought about it. I like coins like MASS mainly because they are free from manipulation and purely decentralized. Just wait for few more years and you will see MASS going up.
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BoardSpeculation (Altcoins)
Re: Cloud mining with OXBTC
by
SamaBB
on 17/09/2020, 12:24:17 UTC
If you see packages mentioned on site of OXBTC then you can easily inferior you have to wait for a while to be in profit. Price of BTC is too high but cost of mining is also very high. Cloud mining is good for many people and will stay for many years.
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BoardSpeculation (Altcoins)
Re: Cloud mining with OXBTC
by
SamaBB
on 10/09/2020, 19:11:21 UTC
With BTC hash rate constantly increasing and mining equipment getting expensive day by day. Only option left for miners is to go for cloud mining. OXBTC packages displayed at there site are quite reasonable keeping in view the prices. You need patience to get your money back.
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BoardMining (Altcoins)
Re: What are options to mine a profitable crypto on my computer.
There are ways to mine however you need to invest some money. First issue is your electrical bill, if its like $0.10 kwh then its not worth mining anything. If its half that then you have some options.
You can get an ASIC however the latest ones are very expensive. At the current rates you will only make a profit if the underlying coin goes up in the near future. Hence you might as well just buy BTC and hold it.
You can get a desktop computer and buy a GPU like an RX 470 8GB and make like $0.25 per day per card before electrical costs. Same with getting a high end CPU like Ryzen and mining XMR. However the profits are small. There really is no point at the moment.
Mining Ethereum with rx470 today will net you 1.45$ and that can be whole yours if you have free electricity, I'm mining off grid with solar panels and batteries and I love it
Life is much easier if we have free electricity. There are very few people in this world who have free electricity, most have to pay for it. You need investment to buy solar panels and batteries. The point is there are tokens that can be mined without paying huge electricity bills. All we need is to do some research.
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BoardBounties (Altcoins)
Re: [Bounty] FSM Token ⚡ The Deflationary Token ⚡
by
SamaBB
on 31/08/2020, 18:17:18 UTC
This is a great way to accumulate FSM token by doing simple tasks mentioned by OP. FSM might be sleeping token right now but there are bright chances that due to shortage of these coins there demand may go up in future. They are burning token with every transaction.