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Showing 18 of 18 results by gcxc
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Board Speculation (Altcoins)
Merits 2 from 2 users
Opposite of FUD
by
gcxc
on 15/02/2018, 17:36:59 UTC
⭐ Merited by randythered (1) ,eddie13 (1)
I've been seeing a clear and growing movement on nearly all the boards and places like Telegram where moderators and those who frequent it like to call anything that counters their farting rainbows and sunshine FUD (Fear Uncertainty and Doubt) and use this as some type of weapon to confuse and belittle facts which are apparent.  I am coining these people BAD or SAD.

SAD (Stubbornness, Anger/Aggressiveness and Denial) or BAD (Belief, Anger/Agressiveness and Denial)

--Stubbornness and/or Belief that lies from the company don’t matter and that everything will sort itself out – just give it more time – claims that this is a ‘startup’ and these things are to be expected.    Claims that anything contrary to their opinion of hope and want is FUD.  Facts don’t matter – only feelings.
--Anger at those that point out the inconsistencies and can detail the clear signs of fraud and obfuscations from the company.  Also like to blame those that bring up these issues as if they want the coin to drop to ‘get a lower price’.  Also manifests in people saying if you feel that way you should just ‘sell your coins and go away.’  This Nazi-like cultist view is typical of Millennials and Liberals and parent basement dwellers – only their view can be tolerated and if you bring up facts it has to correspond with their limited world view, else it’s FUD. 
--Denial that they are wrong and that the company is doing the right thing by ignoring facts.  Denial that prior statements made in things like White papers or Technical papers or even on official company proclamations means anything.  Giving credit when none is deserved.  Belief that if they can find a few like minded people they must be right and all else must be dismissed as FUD.


People that like to claim everything counter to their views as FUD are simply helping to promote bad coins (think Bitconnect) and other that are failing/have failed/will fail since they tend to prevent rational thought and realistic opinions from being made.

When a company that does an ICO is late, fails to live up to their white paper timelines/promises, and does not immediately identify the reasons and a mitigation path, it is a clear warning sign.  FRAS (Farting Rainbows and Sunshine) does not help.  As the coin market matures and many coins are linked to viable products and services, there are no good excuses for missing key deadlines and rolling out products that were promised.  Anything less than this is clear and present danger signs of impending doom, exit scams, and failures.  Maybe it's a poor business plan, maybe the owners are just milking their products and time until they can cash out based on coin selling timelines, etc.  But it's unfortunate that there aren't more oversight regulations on message boards that simply form a cult-like following where anything goes as long as you are complimenting the coins and say nothing contrary.
Post
Topic
Board Altcoin Discussion
Re: Is Electroneum a SCAM???
by
gcxc
on 13/02/2018, 03:42:47 UTC
The concept was not a scam, but it appears that Ells and team cannot produce the results they promised in their White Paper and other statements that have been made.   They do a good job at avoiding the facts to date, and put blame on anything but their lack of technical capability and competence.

-First they blamed hackers who had stolen users passwords, and delayed the first ICO date.
-Then they blamed time to get HackerOne involved to certify their backend/security
-Then they blamed AWS for not having proper load balancing on their routers
-Then they blamed the holidays and long working hours
-Then January rolled around, and crypto market crashed, so they kind of blamed that for the current price - originally as the crypto market was crashing they blamed people complaining and accused their user base of wanting lower prices so they could buy in lower.  Their telegram base of users (moderators) were happy to spout this - blaming anyone who complained of FUD and banning many people.
-Now they are sort of silent and just ignoring the facts while time marches on.  Halfway through February now and all they do is push out some notice here and there about some useless MOU's, as if these make the product work.  Don't get me wrong - great to have relationships with companies, but they need a product for them to work.
-Funny that people claim Ells is some type of marketing genius, when they should be focusing on the lack of technical progress.  The 'built it and they will come' analogy comes to mind.  They are 'hype it and they will buy'.  But if the emperor has no clothes (tech), it will fail.

Their White Paper had claims of certain things being ready, tested, and working.  Not the case.

They have no demonstrated back end capability to handle millions/billions of transactions - they ignore this in every communication they do.

The do not have a working 'mobile miner experience yet'.  They are in demo mode with this now.  Maybe they have hundreds or even thousands of people doing this - far cry from the millions that they would have to have to make it work.

No paper checking option for wallets - just full import into their own web app or an exchange.

No way for a business yet to transact using ETN.

Many fanboyz on their telegram or other apps that will complain loudly if you point any of this out.  Their liberal basement dwelling responses are 'sell your coinz and go' or 'stop spouting FUD'.  It hurts their sensibilities that someone might point out the fact that they are useless eaters and that ETN team is lying and obfuscating.

I own a lot of ETN, had hoped it would rise.  At this point, we'll be lucky to see .30 to .50 this year, and I'm having significant doubts about it ever reaching $1 or higher in anything other than a Hail Marry pump and dump that might occur due to some hype.

So far the ETN team has let down their many investors - some don't even know it yet.

My advice - sell on the way up and get out of this coin unless they start telling the truth and come clean with their problems.   The only thing they spout now are all the MOU's they are signing - which are essentially useless unless they have a working product that these companies can use.   If I were a retail business, I'd sign a memo of understanding that I'd use a free or near-free payment product, but it doesn't mean I'll ever use it - it has to be easy, and people have to want to use it.  Even Apple Pay struggles mightily and they have a working product, great marketing, and lots of user adoption.  Yet it's still easier to just swipe a card in most places.  Presently I do not see ETN doing anything of significance, and it's been 3ish months since their first failed ICO release, many months since people invested, and likely months to go until they have anything working.    It's quite likely another coin or company is going to muscle them out of the way.  If Facebook or Paypal or Amazon or Apple or Starbucks or Wal-Mart goes and does something similar, ETN will be relegated to the trash heap.

They can't even seem to get listed on more than one small exchange.  This doesn't really affect their product/promises, but it does affect volume and price, and even notice by folks on the larger exchanges.

The only claim that ETN has is the mobile mining experience, which is barely working in demo mode now, is not on the Apple Iphone, won't work on an unlocked Apple unless it's the foreground app, meaning it's essentially a novelty item.  The Android mining demo appears to work in background, but still seems to just stop mining at times, so I don't know if that's a function or feature or bug.

Bottom line - ETN/Ells is doing a disservice by not telling the truth/state of the network and back-end.   This leads me to believe that it is destined to fail, but may take a bit of time.  His background in MLM means he's used to milking a product for all it is worth and then exiting when all the money is gone.  Seems like this is playing out day by day.  No working product, nothing to really show - lots of hype.  Looks and smells like long-running MLM scam to me.
Post
Topic
Board Speculation (Altcoins)
Re: Ethereum To Be $5000-$10000 in 2018?
by
gcxc
on 29/12/2017, 14:44:48 UTC
I think it will easily be 5k and higher in 2018 due to price appreciation from the growing crypto market, the buy&hold taxation issue currently in play, and the huge numbers of ICO's that are using it for the smart contracts and need to buy it to transfer into new coins being created, which are showing more utility than ever.  If one tracks the current ICO market, we are finally seeing coins with utility being created, which will completely change the shitcoin market into a much more viable market filled with companies DOING things.  Ethereum is the peg for many of them.

Current price of Ether - around $750USD
Prediction for 2018 - 10X at a minimum.  $7500 per coin. 

It could also go much much higher if things like 'the flippening' occurs, or if BCH does different things, or if the market grows faster than a 1-2T during 2018, which is entirely possible. 

If Bitcoin truly remains the 40-50% base, and it goes 10X or more, believe that ETH will indeed rise at least 10X, and possibly higher, due to a wide variety of follow-me issues.

BUY ICO's that give dividends in ETH.  This is a wise choice since you get the underlying coin appreciation, solid companies, and payouts in ETH.  Look at coins like Spectre, for example, has amazing prospects to make you rich with ETH.  Do you believe that Crypto is going to supplement/replace/augment banks and financial institutions?  Of course they will.  Coins like Spectre are going to be the first movers in this space.  Or look at coins like Angel Token that will be investing in many coins and then spinning off dividends in ETH.   There are others out there in play and starting up that will do this.

So yes, buy and hold ETH, look into coins that also use it and pay out in it.  ETH is going to be hot hot hot this coming year.
Post
Topic
Board Speculation (Altcoins)
Re: You win a 50k scratcher, how would you invest it in crypto?
by
gcxc
on 02/09/2017, 16:56:47 UTC
1) Ensure you save enough off that to pay taxes.  If you are in the US, you can bet Uncle Sam is going to want 30% of that.

2) 50k-20k = about 35k to invest

3)  BTC, ETH, XMR, NEO - do equal portions.  wait.  rebalance as needed.  maybe take profits and put into some specultive ipo's or such.
Post
Topic
Board Speculation
Marketcap & BTC Dominance
by
gcxc
on 31/08/2017, 16:57:58 UTC
As the marketcap marches to 250b and higher, what are the thoughts as ti the BTC MARKETSHARE?

Since last year this has eroded, but will that slide continue?  Or will money begin to move back to BTC as the STANDARD, especially as realization sets in for:
- difficulty
- scarcity
- FOMO

There will come a time when few are willing to part with all or a part of their BTC until certain price points are met.  That, in my opinion, will cause a huge spike that has yet to be seen and a scramble to buy BTC, meaning a gold rush, per se, into this king if the coins.  At THAT point, tulipmania will appear.

Post
Topic
Board Speculation (Altcoins)
Re: Koreans Coming in Hot this weekend
by
gcxc
on 26/08/2017, 01:30:27 UTC
XMR - Monero looks like it's still in the green zone and heading higher. 
Post
Topic
Board Speculation (Altcoins)
Upcoming ICO Filecoin
by
gcxc
on 21/08/2017, 03:19:27 UTC
Any intel on the upcoming ICO Filecoin?  Already reportedly has over 250m invested.  Appears to be a method of storing data in the cloud to rival or replace AMAZON AWS, Google Drive, etc.

May be worth putting on radar if not already invested (Accredited investors only welcome at this point).

----
Post
Topic
Board Speculation (Altcoins)
Re: Should I sell my ETH and buy NEO?
by
gcxc
on 13/08/2017, 12:58:54 UTC
Does it have to be one or the other?  If you have 5k to invest, put 2500 into each and then adjust as the market moves.
Post
Topic
Board Speculation (Altcoins)
Re: I Bought ETH -- Yeah, that's right ETHEREUM ...
by
gcxc
on 22/07/2017, 16:40:51 UTC
Aside from buy and sell walls which can manipulate people, and news which can swing it either way, it does not look yet like Eth has confirmed a direction.  There are better analysts than me who understand how to read/use buy-sell-walls.

Technical analysis shows it has slightly broken out of its downward channel, but does not have a confirmed direction yet.  If it holds and continues to rise in the direction it's going now, then yes, it has a new upswing.  But this is still very premature.  It may take another week to tell, and it needs a few higher highs and lows to confirm.  This August thing with BTC and SEGWIT and whatnot is likely a key driver in the next phase of Eth.

I, too, have some eth, fewer coins than before, and I'm waiting on a direction.  I don't mind missing 5-10% until I see something that makes sense.  Right now, it's sideways, and I can't tell what it will do.

The 1 year chart does not look yet like it's moving.
The 3 month & one month charts shows sideways movement - uncertain future
The 7 day chart is nearly flatline
The 1 day chart is showing the same starting/ending price, with slight rises an dips.

Meanwhile, other coins are moving faster and higher, reclaiming their lost territory.  To me, it makes sense to nudge monies into the movers, and then if Eth starts to move, push some back.  I don't see how buying and holding and hoping is going to make Eth move any faster. 

A year from now, I believe Eth will be easily above $500, so buy and hold would likely be just fine.  In the meantime, though, it's more than possible to double ones money in alts that are moving, and then push money into Eth and BTC as they start to move.  Doesn't even need day trading - swing trading - weekly - would probably be just fine for the alts that are on the move.  Eth does NOT appear to be on the move just yet.

Might be a different story next week as people start pulling money out of BTC since exchanges are going to freeze those assets/wallets for a day or more.

Post
Topic
Board Speculation (Altcoins)
Re: ETH sell now then re-buy later?
by
gcxc
on 22/07/2017, 01:16:59 UTC
I'm looking at charts for Ether for week, month, 3 month, etc.  While you could argue it has started it's ascent into an upchannel, there doesn't appear to be clear direction for Eth at present.  It's hovering at the top of the channel if you include points from Late June and the last couple weeks.  But this isn't decisive.  It could easily break lower.  We need a decisive push and hold above current levels to confirm an upswing, I think.

I don't see Eth as a valid buy right now. I'm holding some, but not enough to move the needle if it rockets higher.  If it rises and holds above 250 I will get interested again.  For now, I'm only seeing downside - great for day traders, I expect, not good for buy and hold yet, until a direction is confirmed.
Post
Topic
Board Mining (Altcoins)
Re: EthOS / Claymore 9.0 Dual Mining ETH and SIA
by
gcxc
on 25/06/2017, 23:39:52 UTC
makes sense.

Also found that the -dwal line only worked for me with the following syntax

-dwal \\

periods and such didn't take for me, on etherpool.  It might take on other pools

had to use the backslash \ between variables
Post
Topic
Board Mining (Altcoins)
Re: EthOS / Claymore 9.0 Dual Mining ETH and SIA
by
gcxc
on 25/06/2017, 00:36:03 UTC
I have been out of town for a week.  It is only dual mines to dcr . My eth shows no hash to the correct wallet.

Can someone look at my config.

http://paste.ethosdistro.com/banufupico



Irc for ethos says they do not support dual mining.

I think for the -ewal address
-ewal 0xde881e95b6bede8aflc64c3d1b00851294d86517

you should change it to
-ewal 0xde881e95b6bede8aflc64c3d1b00851294d86517.somename

Post
Topic
Board Altcoin Discussion
Re: HOT Altcoins Trade Ideas
by
gcxc
on 20/06/2017, 22:17:58 UTC
Neat.  I'll invest in some INFX.  Also interested in the fact they permit mining - I'll try and find out how to obtain some more using GPUs.  The fact they they don't have any premined coins is a plus - allows for better growth potential on the investment as well as the mining portions!  Seems to only be on Bittrex at present - do you know if they are moving to other exchanges?

Sia looks really good, as does Via (rhymes). 

In the meantime, the dip today looks very promising for future returns with infx.

Another coin I'm following (and invested in), is Edg.  very good return this past week, and looks like some more forthcoming.

Earlier poster mentioned that infx has a new wallet coming out - is there a date set for this, and what is the expectation on growth before/after this occurs?
Post
Topic
Board Announcements (Altcoins)
Re: ### A ChainWorks Industries (CWI) Project - InfluxCoin | INFX
by
gcxc
on 20/06/2017, 20:13:55 UTC
Neat.  I'll invest in some INFX.  Also interested in the fact they permit mining - I'll try and find out how to obtain some more using GPUs.  The fact they they don't have any premined coins is a plus - allows for better growth potential on the investment as well as the mining portions!  Seems to only be on Bittrex at present - do you know if they are moving to other exchanges?
Post
Topic
Board Speculation (Altcoins)
Re: what altcoins are good to invest in
by
gcxc
on 21/05/2017, 11:01:48 UTC
Like the idea of the top - if you had spread your money equally in the top 10 market cap or top 10 volume, you would be VERY happy after 6 months.  Future is always dim.

I like putting money into the top 20 or so, and scraping profits as they rise, so a 30-60% viscous pullback doesn't whack me. 

But there are those coins that are interesting to look at, invest, and speculate on, since some can give a 10X or higher in short periods.

Interesting ones I have money in, and am thinking there are higher levels to be seen:

Infinite/IFC (almost looks like it's in pump now)
Unitus/UIS (has new wallet, price history looks interesting)
POSW (unsure - has been declining since I bought)
LBRY Credits/LBC (volume increasing, price has yet to move much, interesting tech)
Siacoin/SC (currently in straight up pump, lots of articles on this board on SC)
Radium/RADS (new wallet, interest from outside investors, has updated tech)
Bitcent/BYC (new wallet coming, interesting price movements lately, been out a while)
Feathercoin/FTC (also new wallet, claims tech improvement over BTC (who doesn't say that), improving market share)
Komodo/KMD (like shift, visa card tie-in, making strides to bridge crypto and fiat)
Wild Beast Block/WBB (lots said about this boy, have had decent returns so far)


Many of these have already been discussed here.  Some have new wallets coming out, which will generate interest, some are considered undervalued (if there is such a thing),  some have risen nicely, but not to their all time highs, and some have market cap increasing without price increasing.

One of two of the above (POSW) has only gone down since purchased, but it doesn't seem to follow the pumpandpump graph of many, so unsure why it's declining.  The rest are somewhat speculative, but have potential to me.
Post
Topic
Board Altcoin Discussion
Re: Online spreadsheet with altcoins live data
by
gcxc
on 24/04/2017, 21:10:26 UTC
Hello folks.  Here's an Excel version I put together using COINMARKETCAP data for those that dislike/don't use Google:

https://securisync.intermedia.net/us2/s/q06fxlAc7oDUEE9kU9D3eL001180dd

Tips are welcome too, if you care to share :O

Eth:  0x0568eb8c2b00ee1f2460dc7df30923cc09244ee7
BTC: 1APDCAHmQjSvtcMdhVaCiwzRNWTkiVcAUz
LTC: LPAimjN1z2iqCwLZ2Cxz1G6gUKygyvSNJz





Post
Topic
Board Bitcoin Discussion
Re: Hard Fork and Offline/Paper Wallet question
by
gcxc
on 19/03/2017, 19:39:44 UTC
hmm.  still confused and not sure I'm going to be flipping coins back and forth.  If I mined them, and they were free/pennies, might make sense.

If one has an offline wallet with 1 bitcoin that cost me $1000, for example
and then the fork occurs...

How do I then have 1 Bitcoin Core and 1 Bitcoin Unlimited?

If I do nothing, my wallet still remains - when I scan my QR code, what will it tell me?

Will my old Bitcoin coin show up as Bitcoin Core or Unlimited or Classic?

If I import this offline wallet back into an exchange, what does it do?  Where does it go?



Post
Topic
Board Bitcoin Discussion
Topic OP
Hard Fork and Offline/Paper Wallet question
by
gcxc
on 19/03/2017, 18:59:14 UTC
I'm not understanding this new Bitcoin Core/Classic/Unlimited fork discussion and what happens to your coins and their price if Bitcoin Unlimited comes online.

If you have money at an exchange, I understand that there might be a split where some percentage of your existing Bitcoins gets automatically pushed into BTU.   If I had 10 bitcoins, for example, and 2 got sold and pushed to BTU, both would seemingly be revalued at the new market rate, and your monies would largely be intact (notwithstanding market forces and rise/fall in general).

If you have bitcoins outside of an exchange, in your own wallet(s), what happens then?  If you have 1 bitcoin in a current wallet (Bitcoin Classic?), when you push it back to an exchange, does it get viewed as the Bitcoin Core - or is there a conversion process where it recognizes that the Bitcoin Core is now a new/revalued coin and there is an exchange based on blockchain and your coin(s).  I just don't see any way how having offline coins before a fork is going to work out well.