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Showing 20 of 32 results by jayhal
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Board Altcoin Discussion
Re: What can you suggest to new investors in crypto?
by
jayhal
on 16/03/2018, 08:15:00 UTC
Do cost averaging on well stablish crypto coins like ETH, LTC or NEO and BTC and hold your coins for 1-2 years. Almost all newbies who invest here on crypto want to get rich quick and after they see that the market is falling they panic. If you're a long-term holder crypto crashes are just normal and you won't even get mad about it. Long story short buy and hold.

I agree with Daddyj2 on this for the most part.  Basically, since we're currently going sideways, the way forward is to remind yourselves that this is still the beginning for crypto.   Though he suggests to hold your coins for 1-2 years, I reckon it a wise move to consider a slightly further outlook on things, such as holding with a 5-10 yr plan in mind.   It takes years for new technologies to really make it to the mainstream and crypto is no different.   When the kinks are all worked out and it's easy for your parents to buy in / use easily, that's when we'll all be laughing.    
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Topic
Board Altcoin Discussion
Re: Bittrex market removal
by
jayhal
on 07/02/2018, 14:17:25 UTC
Thank you for your replies. Yes it is Funfair FUN, they will remove it on Feb 9th. It's a pity as Funfair has the highest increase now Sad Guess I have no choice but to sell it Sad

OP, do you believe in this project long term?  If so, then don't sell it or move it to another exchange unless your plan is to simply flip it in the next 15-30 days once it's on the new exchange for a profit before moving into something else.   If you'd like to hold onto the FUN tokens, withdraw them to a MEW (myetherwallet; preferably one that is connected to a Trezor or Ledger) and just leave em there til you'd like to use them on their platform or trade them in a year or three.   

You'll probably have more than a few people round here telling you to get em off of the exchanges if you plan on holding them for any length of time.   You should always look to be in control of your tokens.   If you leave them on the exchanges, THEY are the ones who control "your" wallet, so if something goes wrong on their exchange, you can darn well expect that your assets will be frozen for a time (and in many cases in recent history, lost).
Post
Topic
Board Bitcoin Discussion
Re: Japanese company will start paying salaries in Bitcoin
by
jayhal
on 31/01/2018, 15:54:17 UTC
Ladies and gents, Konnichiwa.  I live in Japan.  I thought you'd all love to know some stuff about the country and their love of crypto.  At this point in time, VERY few Japanese own BTC.   Most of those retailers that accept BTC don't even know that they accept BTC (because they accept it through a popular payment processor).   Things are changing with more and more people talking about it, but rarely do I meet someone that knows about it deeply.   Next to no one knows there are other crypto projects besides BTC.   AND yet Japan is still considered an innovator in the space.   This should tell us all something.   That once the majority of Japanese (and Korean / Chinese) know about this stuff deeply, that it will be integrated into daily life quite quickly.   Adoption of new things does certainly happen fast here.   I'll keep you all in tune with when I hear all the ol ladies on the train talkin bout it.   That'll be when cryptos truly go to zee moon.   That is all. 
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Topic
Board Altcoin Discussion
Re: USI-Tech coin / MLM / Ponzi scam just bit the dust...
by
jayhal
on 31/01/2018, 13:15:57 UTC
Frankly saying It seems that USI tech coin was a leverage kind of thing in my opinion and their entire package promise if you invest in their level of package you can get amount of money from it and using the decentralized technology in scamming people, Well their package goes like this, If you invest in this certain package there is an amount ranging to

Silver – 50 EUR for 100 Tech Coin points

Gold – 2500 EUR for 5000 Tech Coin points plus 10,000 point bonus

Ruby – 10,000 EUR for 20,000 Tech Coin points plus 120,000 point bonus

Emerald – 25,000 EUR for 50,000 Tech Coin points plus 600,000 point bonus

Diamond – 50,000 EUR for 100,000 Tech Coin points plus 1,200,000 point bonus

At this stage Tech Coin is little more than pre-generated points, offered through the USI-Tech affiliate back-office, Commissions are paid on Tech Coin points investment, topping out at 60.2% at the Diamond Package level, When this kind of points and bonuses was introduce in a Cryptocurrency then it is just a networking scheme kind of thing and there is a certain point that it may become a ponzi kind of thing,

I really can't imagine many people buying into their Tech Coin or whatever they call it.   My buddy who introduced me only bought straight into their BTC package system and I followed his lead.   


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Topic
Board Altcoin Discussion
Re: USI-Tech coin / MLM / Ponzi scam just bit the dust...
by
jayhal
on 31/01/2018, 12:24:23 UTC
did anyone try and managed to withdraw any cash from USI-Tech?

I joined USI tech in November as an experiment, knowing full well that it very well could be a scam (despite them saying their systems are what's bringing in the profit) but thought I'd play with some "house money" I'd acquired through my other successes earlier in the summer.   My wife is the only person I've invited to join in as she was adamant to include her in my experiment but until I take my investment out, I won't and don't recommend anyone take part at this time.  Once they become transparent in ALL that they do, maybe then.   They've promised this level of transparency in some late presentations apparently in Europe late last year, according to some online forums I'd read.

I have no issue letting anyone know the strategy for me is simply to leave my BTC in (100% rebuy) for 6 months.  I told my wife to have no rebuy and to take her BTC out as soon as she can, before leaving her "house money" going afterwards.   After 2+ months in their system, so far she's taken out 25% of her initial investment.    They do not process your withdrawal the same day, I know.   I believe it took them one week to get her the 2nd withdrawal, though it was after they had announced the USA / Canada issues (we're in Asia).     

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Topic
Board Altcoin Discussion
Re: Will 2017 gains ever happen again?
by
jayhal
on 31/01/2018, 09:35:25 UTC
No, stop living in the dreams.

In 2016 BTC was 600 and jumped up to 12000. This is the unique phenomenon which was based on the several factors. The hype-train, plus the amount of the newcomers made this possible. Now there are just not enough dudes in the world who can be considered as newcomers to the crypto investment, thereby I can't see this will happen again.

Don't get me wrong I would love to be ve part of this phenomenon, but let's be fair with ourselves, that's highly unlikely.

Umm.. Monsieur Snafu, is it somewhat possible that you may not be aware just how many people live on our pale, blue dot? 

Take a look at this. That author's best guess is that about 0.36% of the world population has invested in crypto.  I think there are many people who do not have BTC wallets but are only in altcoins specifically.   I've guessed that there are currently possibly up to 3% of the world that have currently got some sort of stake / position in crypto assets (my crypto friends disagree with me however).   

Soooo, I'm quite curious on what you think.  Knowing this info, do you think adding 50 million more crypto users / holders in the next 12-18 months would have a positive effect on price movements for crypto assets?   How about adding 500 million more crypto users in the next 4-5 yrs?  How about 2-3 billion in the next decade?   

Let's be fair with ourselves, I'm not even certain the ballgame has even started yet.
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Topic
Board Altcoin Discussion
Re: Will 2017 gains ever happen again?
by
jayhal
on 31/01/2018, 09:10:46 UTC
Well, first of all, there is no way regular folks like us would have invested $10,000 in Ethereum.

I have been in crypto since 2013. Having gone through lots of panic sells, exchange collapses and just plain scams, we were hardened. There is not way we would have dropped that much cash unless we were financially sound, and a little crazy.

That said, I have been investing in crypto since 2013. And have a target in mind for Bitcoin, Ethereum, Litecoin and others for my early retirement.

2018 will be a tough year for Bitcoin and crypto. We won't see the returns made in shotgun approach investment. So it is time for some dumpster diving to find some hidden gems.

Www.TheShitcoinList.Com

The guy who convinced me to jump on this train was one of those regular folk who put $10K into Ethereum.   That being said, he hadn't been dabbling in BTC and others previous to his starting with ETH (so he wasn't afraid).   His cousin convinced him to invest, they both went it with the same amount together.  ETH started going up.  Then they started mining it... 12 000 ETH later (each)...  Here he is.   He's still just a regular guy, too.   His millions haven't changed him, either.   Still just one of the boys.   "Don't let this money change ya," he's said more than once.  Tis the only way.

By the way, I don't disagree that those big returns will only come from a deep dive from here on out...
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Topic
Board Altcoin Discussion
Re: Will 2017 gains ever happen again?
by
jayhal
on 31/01/2018, 09:02:10 UTC

Exactly, thanks for completing my post Wink


Hahaha.  Tongue 

I certainly think you said it well enough for me to understand where you think we're headed.  Me being someone who lives, eats and breathes this stuff on a daily basis.  I also thought that those new to our rollercoaster ride might get something from an expanded discussion on the topic of near future crypto possibilities by two budding futurists..  That being said, judging by the bulk of the replies in threads on BTCtalk... it seems most people on this forum don't actually read much of anything that anyone has written except perhaps the OP!     

Aaaaaaaaand life goes on...
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Topic
Board Altcoin Discussion
Re: Will 2017 gains ever happen again?
by
jayhal
on 31/01/2018, 04:31:37 UTC
We can always see that one. History repeats itself. All I can say is we are just a developing community, roughly there are only about 5% of the population knows about cryptocurrency, how much more?  Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin

I believe it's likely closer to 40+% that knows about Bitcoin (and thus, crypto).  However, it's likely closer to 3-5% that actually have some sort of stake / position in a crypto asset(s).  Clif High's noted many times that at some point towards end of Feb through April, we'll be hitting the start of the ol' tipping point, which may lead to increase that total percentage rather quickly throughout 2018 to 10%+.   Who knows though, eh?  Stay seated in the roller coaster and we'll soon see who's right, though!  Just don't forget to hold on.  It's gonna be a helluva ride!
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Topic
Board Altcoin Discussion
Merits 2 from 1 user
Re: Will 2017 gains ever happen again?
by
jayhal
on 31/01/2018, 03:37:48 UTC
⭐ Merited by Nebell (2)
Everyone who's saying that 2018 will give better gains than 2017 is lying.
In January 2017 you could've put a blindfold on yourself, randomly picked a coin to invest $10.000 in and there was 95% chance you'd be close to a millionaire - at least.
This will definitely not going to happen in 2018. Bitcoin won't gain 10-20x like in 2017. Not a chance.

2018 is the year we're going to break 1 trillion.
But, it's also the year the bubble will pop. And I'm not talking about Bitcoin bubble, I'm talking about the shitcoin bubble. There's too much shit out there that will burst and that money put into the promising projects.
2018 will also be the year when governments start cracking down hard on crypto. This will also be the year of privacy coins.
2019 will be the year of tech coins and 2020-22 is the year a lot of tech altcoins will be implemented and accepted in the real world and we will break 10 trillion market cap.

Nebell's comments are based much closer to reality than most others in this thread, whether you're optimistic or not about the "potential" of crypto.   The projects that provide absolutely no value in the real world will soon be found out, their tokens will become relatively worthless and their devs will see the writing on the wall.   Though I will mention one thing... There are projects that have been around since 2011-12 that appear to have little to no real world value / utility, yet the project developers still persist.   Keep in mind that as long as someone, that means even only 1 person, continues to put in the effort to develop / maintain their project, it will live on.   Token / asset pricing in the global markets won't necessarily kill it.   If there is even a small community that supports that developer and urges them to keep on doing what they're doing, the general consensus of the global trading exchanges won't stop them (in fact, it might add fuel to their fire to develop their project into something more useful, somehow, someway).

No doubt, Nebell will also freely admit that just because BTC doesn't pull a 10X+ this year, that isn't to say that there won't be some other projects that do.   He's simply saying that last year, you could have thrown a dart at the wall and you would have found a 10Xer.   This year, as many millions of new people come into the space to get their feet wet, it will be those that can separate / recognize the projects with true utility that will come out on top in the end.  Get to know the key factors in determining what gives a token utility. 

Hint: You'll quickly see how as more and more users come onto a particular platform, the demand for the token that helps the platform run smoothly will increase.  What happens when there's an increase in demand for something someone needs to use?

So perhaps, the moral of the story this year is to keep your expectations in check from here on out though also to keep your eyes / ears peeled for platform releases that carry with them token utility.   
Post
Topic
Board Altcoin Discussion
Re: Will 2017 gains ever happen again?
by
jayhal
on 30/01/2018, 15:18:17 UTC
Of course without doubt there will be gains this year too, due to high demand and new user's and entering the crypto market which makes the prices to shoot high, so it is better to invest now on cryptos, bitcoins will helps get huge returns whereas altcoins will get good returns in the long run as there is a steady increase in the altcoin market. It is quite natural in any financial market for a hike and drop in the market and normally investors invest when there price is low and sell them when there is a hike in the market which gets them good profits.

This.

As more and more people and money come into the space, there's no doubt that 2018 will continue to show a steady increase in altcoin price movements.  It wouldn't surprise me whatosever if that includes both the great projects and the not-so great projects, too.  Noobs to the space will still be affected by pumps / seeing green for FOMO and will acquire assets with little utility or true LT potential.  Many people will get burned on those til they figure out the need to only go long on projects with great teams, attainable project goals, engaged communities and funding that'll last / to support through development, launch and into the 1st couple of years of a finished product.  EOS has set themselves apart from the crowd with the way they've gone about their ICO; kudos to them.  They've got their financing sorted for the rest of their existence, by the looks of it.

Many of you no doubt listen often to Andreas Antonopoulous, right?  He's spoken of something I think we should all bear in mind.  Each and every year, from here on out, somewhere out there in the world, there'll be somebody who sees a problem in the way something is done in her / his community.  It could be a 15 yr old kid, for all we know.  A spark will light in their heads and they'll start to work on something that will then potentially lead to a change in the way industry / business works in our world using this technology.   And for as long as there is a developer working on that project (or ANY project for that matter), it will continue to exist... no matter what the markets value it on any given day.    

So I take this to mean, that even if we think we "missed the boat" with many possible gains in 2017 with all of these projects, that quite likely every year for the rest of our lives, something new might come out that'll give us a chance to "get in early" and lead us to where we've always dreamed of being.  Keep your eyes and ears to the ground.   Read and listen more than we speak and we'll find those diamonds in the rough.

Here's to a great future for us all involved in this space.   Just don't ever forget to help those in need when we're each able.   Become a mentor to others once you've figured it all out and life will be that much sweeter.    Cheesy



Post
Topic
Board Speculation (Altcoins)
Re: ELIX, APPC, VIB, XSPEC, VEN - Good Investment?
by
jayhal
on 30/01/2018, 12:43:15 UTC
As per title, just wondering people opinions on the following.

VeChain (VEN)
Elixir (ELIX)
Appcoins (APPC)
Viberate (VIB)
Spectrecoin (XSPEC)

I am new to cryptocurrency and have invested around $200 in each of these except VEN, which I have around $1200 invested. I do have coins in the top 10 for security!!
Please let me know what you think of the above and if I should male any changes etc.

I reckon this to be a great start, especially since you obviously know to also have the majority of your holdings in those top 10 coins - except, of course, none of the fake crypto currency, XRP, eh?  Wink   

Go-go-gadget-predicting future prices....  Errr..  The gadget isn't working today..

Well, in lieu of relying on gadgets, let's rely on my experience instead.  I suggest that instead of going out and putting more money into the projects you're already holding, why not find another project that you can throw $200 at, that has a relatively low supply and has the potential for decent price movements in 2018.   I think $100-200 in well put together projects that maybe are outside the top 75 in marketcap and with token / asset supplies under 400 or 500 million have a decent chance at accomplishing this sort of thing.   Grab a few platform projects, a few privacy coins and a few exchange tokens (ie. BNB, KCS or HT; which is coming up soon for Huobi). 

There truly are a ton of projects out there getting ready to launch their products in 2018, so those should be at the top of your list! 

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Topic
Board Altcoin Discussion
Re: 10k to 100k
by
jayhal
on 30/01/2018, 12:23:48 UTC
If you had 10k to play with and your aim is to get 100k, would you split it into ten, 1k investment with the hope of ten 10x's or just one with the hope of one 10x
or would you do something else

After reading the replies to your question, I find it interesting that only two people have found the correct answer: going with the ol' asymmetrical bet across projects (it doesn't matter if they are ICO projects or those already traded on the exchanges).

For an example, see Tom Dyson's explanation here on how it all works (very simple stuff):

https://www.palmbeachgroup.com/content/palm-beach-daily/how-i-made-500k-from-one-asymmetric-bet/30519/

Even if you were to simply make your asymmetric bets on projects in the top 10, top 50, top 100, you'll see the returns it brought over the course of 12 months in 2017 here:

http://www.buyholdlong.com/2018/01/15/if-you-invested-1000-this-time-last-year-2/

This is NOT to say that the past will predict the future but this is simply to illustrate that the returns on these things when invested across a multitude of projects are just as good as if you were to put them in the top 10.  

If I have 10k, considering that 100k should be achieved through investing only. I will not split it into 10 but 20 parts.
I will invest the 10 parts to ten promising ICO and the other 10 parts will be invested to the undervalue coins in the market. Moreover extensive research must be done.

So basically,  I'm seconding this suggestion above.  I've written in other posts mentioning to avoid putting all of your eggs in one basket.   Feel free to search for my other posts and you'll find something of use in them to help build your strategy for 2018.

Sure, start now by getting yourself some BTC / ETH and then come up with that strategy. SO... will it be 20 projects? Or how about a 100? Luckily, you're the captain of your ship and the master of your own fate.  No one else gets to decide.  

GL steering that ship around in 2018, good sir.  We'll all be right here to cheer you on.
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Topic
Board Mining (Altcoins)
Re: Sprouting Bitbean is 10X more profitable than mining
by
jayhal
on 29/01/2018, 23:19:40 UTC
I have 2 6 rx580 mining rigs. I also have about 4M Bitbeans on a dedicated "Bean Machine"
Initial investment in Bitbean: about 2000$ (April last year)
Initial investment in rigs: about 6000$
I use my mining payouts to buy Beans: 4000-5000 Beans each week worth.
I sprout 40,000-60,000 Beans each week.
Why isn't everyone doing this?


I've never heard of it.  Can you inbox me details on how to get started? Thanks

Its pretty easy. I bought my first beans on POSW but you can buy some on Bittrex or Bleutrade.
Download the wallet on www.bitbean.org/downloads if on windows its version 1.1.2.2rc
After download it needs to synchronize with the network, this can take a few days unless you can get a snapshot from someone.
after its fully synchronized transfer Beans from exchange wallet to your PC and let them sit. depending on how many you buy it can help if you send them in the amount of blocks that would optimize sprouting. Example: you have 100k beans, send ten 10,000 Bean blocks, if a million then ten 100k blocks. You can also adjust this in Bean control.

We have a community chat on matter most, PM your email and I can invite you.

I'd previously been curious about BitBean / Bean Cash before I started mining.  Might take a gander at it now that you say they can be bought on POSW just to see what it can do.   Didn't realize that.    Can I buy them with POSW or did you still buy them with BTC?  Any feedback would be appreciated.   I don't see how I can do this in my POSWallet.



Oh its been a really long time since I was on POSW, I was just saying thats where I first found i tand noticed in was increasing faster than POSW. Now you can buy from Bittrex of Bleutrade. Stay away from Cryptopia, too many problems.

Interesting.  Have you been on POSW since they put out their new wallet in the fall?   We all know they had big issues in the summer but they've gotten back on track, as far as I can see.   What kind of probs have you had with Cryptopia?  Withdrawals?   I've used them semi regularly since I got into the space last summer and haven't had any issues (at least in comparison to Etherdelta, Bitfinex, Coincheck, etc).
Post
Topic
Board Mining (Altcoins)
Re: Sprouting Bitbean is 10X more profitable than mining
by
jayhal
on 29/01/2018, 22:44:11 UTC


Hello! Smiley

If i understood you correctly - no, you cant buy beans through your wallet.
You need to get them off one of the exchanges and then transfer them to your Bean Cash wallet.
I would suggest Bittrex or Cryptopia. Feel free to ask any questions if you need help.
[/quote]

Ah, ok, got it.   Yes, I knew they could be had on Bittrex and Cryptopia.   I'd meant that I saw something in the POSW wallet itself mentioning about Bitbean / Bean Cash at some point, so I thought you'd meant that there was some way to exchange them for some POSW tokens.  I'll look it up.   Cheers!
Post
Topic
Board Mining (Altcoins)
Re: Sprouting Bitbean is 10X more profitable than mining
by
jayhal
on 29/01/2018, 14:27:25 UTC
I have 2 6 rx580 mining rigs. I also have about 4M Bitbeans on a dedicated "Bean Machine"
Initial investment in Bitbean: about 2000$ (April last year)
Initial investment in rigs: about 6000$
I use my mining payouts to buy Beans: 4000-5000 Beans each week worth.
I sprout 40,000-60,000 Beans each week.
Why isn't everyone doing this?


I've never heard of it.  Can you inbox me details on how to get started? Thanks

Its pretty easy. I bought my first beans on POSW but you can buy some on Bittrex or Bleutrade.
Download the wallet on www.bitbean.org/downloads if on windows its version 1.1.2.2rc
After download it needs to synchronize with the network, this can take a few days unless you can get a snapshot from someone.
after its fully synchronized transfer Beans from exchange wallet to your PC and let them sit. depending on how many you buy it can help if you send them in the amount of blocks that would optimize sprouting. Example: you have 100k beans, send ten 10,000 Bean blocks, if a million then ten 100k blocks. You can also adjust this in Bean control.

We have a community chat on matter most, PM your email and I can invite you.

I'd previously been curious about BitBean / Bean Cash before I started mining.  Might take a gander at it now that you say they can be bought on POSW just to see what it can do.   Didn't realize that.    Can I buy them with POSW or did you still buy them with BTC?  Any feedback would be appreciated.   I don't see how I can do this in my POSWallet.

Post
Topic
Board Mining (Altcoins)
Re: Coins that can be HDD mined?
by
jayhal
on 29/01/2018, 14:12:53 UTC
Keep your eyes on the CHIA project.  http://chia.network

Their tag line is "green money for a digital world".

The guy who started bitTorrent, Bram Cohen, is behind it and he's been bringing together a team of experienced people in the space from San Fran.

They're building a blockchain based on proofs of space and time "to make a cryptocurrency which is less wasteful, more decentralized, and more secure."

Looks like Q2 they expect to have it going.

Anyone can join their announcements list on their site.

Looks pretty interesting.
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Topic
Board Altcoin Discussion
Re: 2018's Top 5 Alt Coins?
by
jayhal
on 29/01/2018, 13:19:59 UTC
In your opinion, What will be the top 5 alt coins to shine in 2018?

First off, I read all 17 pages of posts here and it rather makes me want to throw up seeing so many people wishing XRP to be a top alt coin.  Spend a bit of time and learn more about what that project is, plz, folks.  Thought I'd get that outta the way.

If you’re looking for which alt-coins will be in the top 5 at the end of the year, then you’re looking for ETH, NEO, XLM, BCH and XEM or DASH (or possibly another platform project).  People are soon going to start realizing what XRP is.

If we think in terms of the potential top 5 gaining tokens, then it's a completely different story.  Those projects releasing their platforms, bringing in new customers and increasing the utility of their tokens would likely have the biggest chances to increase in value, eh?  Think 10X, 15X, 20X+.  How about STRAT or LSK, HT or BNB, STEEM, WAN and NAS?  I’d say these ones have a darn good chance of all min 10X-ing this year when taking into considerations platform releases / utility / small supply.  I can see ONION, XZC, XSPEC, NAV, PIVX and some other privacy coins with small supplies doing the very same thing. I can see XRB having a big jump in value for the plentiful, across exchanges arbitrage opportunities it will soon provide.  My bonus, off the wall, outta nowhere call is a project not enough people know about… Nimiq (NIM). Check it out, their mainnet launches soon.

BAM.  The next 11 months is gonna be quite the ride so grab onto the nearest handrails and let's get this roller coaster moving!

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Topic
Board Altcoin Discussion
Re: Which coin is blockchain 3.0?
by
jayhal
on 29/01/2018, 10:52:07 UTC
If each iteration / generation of blockchain tech were to be sooo different, maybe you could start with the ol' 1.0, 2.0, 3.0, etc version type of talk, but I reckon it's just marketing fluff at this point.   You see EOS and ADA talking a big game.   Maybe you don't hear as much about PHR and NIM but there are many-a-project in development these days that are future projecting, don't doubt that.
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Topic
Board Altcoin Discussion
Re: Most underrated ICOs to invest in right now??
by
jayhal
on 29/01/2018, 07:16:20 UTC
Pretty interesting that most of the "underrated ICOs" mentioned in replies to this thread were.... not ICOs.   Sure, most of the projects mentioned had their ICOs and have been working towards getting their products ready for the market but stilll..  An interesting project that just finished its ICO was ENVION.   They were looking to set up green energy mining units all around the world.