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Showing 15 of 15 results by orange32
Post
Topic
Board Altcoin Discussion
Re: Reflection of altcoins and buyers
by
orange32
on 29/11/2017, 02:52:21 UTC
Hi,

new here.

I read for days now on this forum and the impression I get is that there is about 10 % of its member that actually reads up on coins. The rest is the "the big mass" who follows anything.
I often see someone that writes professionally of a coin and then "hodlers" buy the argument 100% and hopes to become rich.

For example, ADA (Cardano) coin. In the first post in a thread people refer to scam in Japan with some substance actually. But in the end of the thread it seems forgotten, and people asks" is this good for hodl? They look really promising", they are high in Market cap". ADA has a nice homepage, some photos and some appealing information. Is this all it takes?

Is it a good coin? Maybe, but it scares me how easy you can fund money with a forum like this.
For myself I only invest in altcoins that actually has customers or companies linked and supported.

Good luck out there, don't buy everything just because some (often people related to the coin) writes something convincing here and has a nice homepage.

lol, my advice is is that you follow your own advice.

Just beacuse someone says something is a scam, you believe it is a scam? Wish I was scammed, the victims of the ADA-scam made tons of money.

Of course a good homepage doesn't make a good coin. But you have to actually read the homepage, google the people involved and check their credentials, check out their github repository to see that they actually has made something (as opposed to those countless ICOs that has nothing but the code for their ICO-token there), google for 3rd party information etc. You do that, and you'll find that ADA is arguably the worst example of the 1300 coins on coinmarketcap you could have picked to make your point.
Post
Topic
Board Altcoin Discussion
Re: Coins with 1 billion + coin supply
by
orange32
on 01/11/2017, 00:04:17 UTC
Can coins with 1 billion+ coins become profitable?

For example: xrp, stellar lumens, nem, iota?

I noticed coins with a low coin supply are usually higher in price which is understandable. But for coins with billions in supply, how long would you guys think it would take for them to hit, let's say.. $10 $20 $30

Really trying to figure out how to do the math on these from market cap/ coin supply to get an estimate on what the coin market cap would have to be to reach a certain price.

Any help would be appreciated. Thanks

Yes. Because the number of coins is irrelevant. I don't understand why this issue comes up so much here...

If the marketcap of a coin increases 50% then the value of your holdings of that coin has increases 50%, regardless of the number of  existing coins. So stop looking at the value of a coin, look at the marketcap (plus a bunch of other stuff too, of course)...

A coin with low price and big supply can be just a s profitable as a coin with high price and low supply, because you can afford to buy many more of them. If you hold 10 coins valued at $30 dollar each isn't any better than holding 1000 coins at $0.3 each.
Post
Topic
Board Altcoin Discussion
Re: Cardano
by
orange32
on 31/10/2017, 18:59:54 UTC
has anyone read an article for why the supple of Cardano is so high? Does it help accomplish the coin's mission? It is instantly a top20 coin based on the ADA supply.
Circulating Supply: 31,112,484,646 ADA
Total Supply: 31,112,484,646 ADA
Max Supply: 45,000,000,000 ADA

"Ada is capped at an arbitrary 45,000,000,000 or forty-five billion Ada."
Source: https://cardanodocs.com/cardano/monetary-policy/


...because it doesn't matter (*).  If the supply is "high" the price will be lower, and you can buy more. And vice versa. If you wish you can think of bitcoins in terms of Satoshis. Then the supply is 2 100 000 000 000 000, but then the price is also 1/100 000 000th of a bitcoin. It all works out fine.


* There may be some technical reasons in some given systems where it matters. I'm not familiar with such, but I am open to the possibility.
* There may be psychological phenomena in play here among some traders. And misunderstandings of how it works. This is relevant to a certain degree I suppose, but it is highly irrational and  it will probably fade away eventually.

It is not in the top20  "based on the supply".
Post
Topic
Board Altcoin Discussion
Re: The potential of eBTC.
by
orange32
on 30/10/2017, 18:15:36 UTC


Thoughts>

My thought: this is an ERC20 token that contains the string "BTC" in its name.
Post
Topic
Board Altcoin Discussion
Re: Cardano Whiteboard Session With Charles Hoskinson
by
orange32
on 29/10/2017, 21:56:54 UTC
I thought it was a great presentation. Well structured talk on how you want to handle various (very real) challenges. Only so much one can say in 50 minutes, but your website has links to much more information.

Bitcointalk users: When new projects come along consider the ratio of creation effort vs. selling effort. Have the people behind it actually built something? Or are they just selling an idea that hasn't yet even begun to materialize into something more than that? A project needs more than a fancy web page and a [ANN] -thread to be successful. Do yourself a favor and research Cardano.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] The Divi Project [DIVI] - The First Crypto for Mainstream Adoption
by
orange32
on 27/10/2017, 17:26:35 UTC
A lot of selling going on here. Namedropping, press releases all over web, hyping on social media etc..
But Tim Sanders is silent about it, seems like he is just writing and giving speeches as usual.

Smells fishy...
Post
Topic
Board Speculation
Re: "Almighty bitcoin" still pushing
by
orange32
on 13/10/2017, 02:45:03 UTC
Quote
I'm holding my bitcoins right now and wait until the price hit $6k.

Just press refresh (F5) at coinmarketcap and the price goes up! Easy money. 6k soon.
Post
Topic
Board Trading Discussion
Re: is there any real good altcoin arbitrage tool/boot ?
by
orange32
on 01/08/2017, 16:13:57 UTC
Arbitrage opportunities disappears quickly, the first one wins the rest loses. So if someone created a bot that actually worked they wouldn't sell it because on each opportunity it would work for only 1 user (maybe 2-3, depending user's bankrolls?). The best use of it would be to keep it to themselves.
Post
Topic
Board Altcoin Discussion
Re: Is BTC cash an altcoin?
by
orange32
on 01/08/2017, 16:00:10 UTC
..., are both modifications of the original.  Grin so that means the original bitcoin is gone (?)  Huh


Your not the first one to ponder over questions like that: https://en.wikipedia.org/wiki/Ship_of_Theseus


After lurking for a while I have found that you  get more political and ideological based answers than scientific ones (maybe not in in the more technical oriented subforums). So I suppose you could just make up your own mind on what is an "altcoin", if any, of those two. It is really not more than a label anyway.
Post
Topic
Board Speculation (Altcoins)
Re: Race to 100 USD Poll: XMR vs LTC
by
orange32
on 01/08/2017, 15:32:31 UTC
Looking at the marketcap, for each $1 Monero increases its cap, Litecoin must increase by $3.40 just to keep up in a race to $100 pr coin.

Given that I vote Monero as I can't make up my mind based on my very limited knowledge on other relevant factors to consider.

Post
Topic
Board Announcements (Altcoins)
Re:  INTERNET OF COINS ⛓ blockchain freedom (r)evolution ⛓ [ CROWDFUND CLOSED ]
by
orange32
on 27/07/2017, 19:27:55 UTC
I got email sent to you in "return":

"...This is the mail system at host countermail.com.

I'm sorry to have to inform you that your message could not
be delivered to one or more recipients...."

I tried first distribution@internetofcoins.org and then info@internetofcoins.org, same result.

Post
Topic
Board Speculation (Altcoins)
Re: Altcoins Under $10 Investing Question
by
orange32
on 08/07/2017, 09:01:51 UTC
The "cheapness" of a coin isn't given just by its price. You must calculate (price X noOfCoinsThatExists).

If everything else equal (in particular the total amount of money ($) "in" the system):

Coin A has price $1, and 100 coins exist.
Coin B has price $10, and 10 coins exist.

Total value = $100, for both.

Unless you have more information there is no reason to think there is a greater probability coin A will increase 10x than coin B will increase 10x. The amount of new money required into the coin would be the same in both cases.

So the probability A will go to from $1 to $10 is the same as the probability B will go to $10 to $100. in both cases an additional $900 in new money is needed.
Post
Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
orange32
on 27/11/2013, 18:50:04 UTC
700 EUR SEPA withdrawal initiated 24 October changed status to pending today.

The FAQ-page on how long the delays are seems to be accurate (at least for sepa).
Post
Topic
Board Skandinavisk
Re: Slik kan du ta ut frå MtGox til norsk bank
by
orange32
on 24/10/2013, 18:15:03 UTC

Nei, du må leggje til kontoen på nytt med EURO (SEPA) som overføringsmetode.  Elles sender du EUR som international wire.

Merk at ventetida no er oppe i fem veker. :-(

Takk for svaret. Du svarte jo meg på irc også samme dag.

Jeg er i prosessen nå, de kansellerte uttaket. Jeg la til bankkonto på nytt og venter på validering av den.

Er ganske frustrerende at det går så tregt. Men samtidig er de jo veldig hjelpsomme og kjappe på support'en, så
jeg vet ikke helt hva jeg skal mene om de. Det går jo ikke an å bruke Mt Gox til trading slik det er nå.
Man har jo en reell frykt for at problemene de er i skal ende med at alt stopper opp og at pengene
aldri kommer.
Post
Topic
Board Skandinavisk
Re: Slik kan du ta ut frå MtGox til norsk bank
by
orange32
on 21/10/2013, 09:32:10 UTC
Situasjonen min er som følger:

Jeg har USD som "main currency" på Mt Gox.
3. oktober ba jeg om et uttak på 916 USD til min konto i DNB. Disse har selvfølgelig ikke ankommet ennå.

Det fungerte helt greit sist jeg solgte bitcoins og cashet ut via Mt Gox, så jeg sjekket liksom ikke hvordan situasjonen var før jeg gjentok prosedyren den 3. oktober.
Man antar jo at ting fungerer.

Men jeg lurer på hva som er den beste framgangsmåten for meg nå hvis jeg ikke vil vente flere måneder på pengene mine.

Er følgende et alternativ som kan fungere?

1. Jeg kansellerer uttaket og USD blir returnert til konto tilgjengelig for trading.
2. Jeg kjøper bitcoins for pengene.
3. Jeg endrer main currency til EUR.
4. Jeg kjøper EUR for bitcoins.
5. Jeg tar ut via SEPA til DNB. Vil dette skje automatisk om jeg har EUR som main currency istedenfor USD?