Bitcoin Forum

Thought that Golem should have its own speculative thread to differentiate price talk from general development.

Right now GNT is sitting very snugly above the 38.2% retracement of 0.00006504 following the rise from 0.00001674 up to 0.00009490. If it holds then that should provide a comfortable base to launch an attack back up above ATH. (Charting is still a little bit primitive for GNT but you can work out the retraction levels easily with an online fibonacci calculator).

What's still not quite understood though is who was responsible for the 12 million GNT market purchase (2-3 million USD) up and around the 0.00008 level, momentarily taking the price up towards 0.0002.

Difficult to know for sure what the motive is, but presumably they'd be looking to make their money back with a suitable reward at some stage.

I wasn't even aware of this..that's crazy.

Something worth sharing: I was speaking with a colleague on Monday about how he doesn't have time to game on his PC anymore due to numerous reasons, and one thing he mentioned was that he wished there was something that he could make use of his idle hardware rather than sell it away completely. I mentioned Golem to him and explained as best as i could what it was. He remarked that he was surprised that there's not already a well-established company/tech that already does this in todays day & age.

That got me thinking, that this sort of technology, and other technology being built in a decentralized & networked way, will inevitably be developed more & more. Thinking of where the internet is, i can' help but think about the classic Myspace example. You may be the first to build something, but something along the line may (probably) be built that is better in some way (faster/more user friendly/more regionally accessible).

https://i.imgur.com/Cim4MZU.png


Yeah it certainly seems crazy. Whether or not it turns out to be is a different matter I guess.

How does the saying go? The difference between insanity and genius is measured only by success?

Remind Me! 3 Years! :D

I think the golem will try deliver its product to the public or the team are trying to buyback the golem shares from the market.  ;D

Is there anything I need to know before sending GNT from myetherwallet to Poloniex ?
Thx

None I guess unless you don't have some few eth for the gas.

More will not grow up, for this and there was a candle up such a high for deception

You need to have ETH in your Myetherwallet account before making a transaction (ETH will be used for Gas to send the transaction).
At least you have to buy 0.02 ETH from exchanges and then send it to MyEtherWallet IIRC.

GOLEM HAS A NICE CHART RIGHTNOW,,

Golem has to compete with elastic soon. Glad i´m in elastic and not golem  :D

Looks like the real competitor for golem project was Ie.xec itself. and not elastic project, golem and ie.xec have similar target based on the super computing.

Good thx !!

is it too late to join this game? I'm learning about this coin and I also want to buy some GNT coins to hold it for a while but I do not know if this time is suitable for purchasing this coin? Thanks.

Right now we're in a game of finding the floor and looks like it could go down a tiny bit further. If you can get some below 0.00005 then that would be a good purchase I think.

That said it's likely that Golem will quietly start to rise back up beyond 0.00008 at some point, so if you wanted to buy for the long-term I wouldn't wait around too long.

It's good advice for me to buy some GNT coins . I'm really impressive with the tittle "Supercomputer" . This tittle can say all things about this project.
I will spend some money to get a cheap coins at once.

As long as you can buy on the bottom dips and it's not too late for you to joining on the golem trade.All of your questions depend on your research about the coin itself. If your research will being approximately above than yellow or touch the green light.
That will be being good for you to join nor buy some of the golem tokens. According to his development and  this coin is very worthed for anyone.

where we would see this project would go in few year? do you think have enough dev support?

Looking pretty good so far.

Confirmed. Looks like we're heading up beyond 0.0001. A good place to be I think.

Are there any reasons why it should be more that 5 cents per coin? Or 1 cent per coin?

When an asset starts to approach previous highs it is tempting to rationalise its worth as such. Technical traders may sell and declare: this is normal.

In truth however, the wild west of the cryptospace doesn't quite work like that.

The 38.2% retraction from Golem's ATH held confidently and thereafter upwardly rebounded, and the fact we're now knocking on the door of 0.0001 proves that GNT's worth is likely to be much higher. If that weren't the case, the price would have descended a long time ago.

We're in a process of price exploration. The combination of mainstream Golem exposure in publications such as Bloomberg and Wired is something that is likely to be built-upon and further compounded - an example of a successful Ethereum asset with demonstrable practical usage.

These are the ingredients of a luxurious asset rich in speculative energy that is prime for the new mainstream.

It starts with 10 cents per coin, and suddenly it is 20 cents per coin. And soon after it is 40 cents per coin. And in time speculators are wondering whether 80 cents is too high or too low, before it finally becomes clear that a 1 dollar Golem is actually a pretty good price for the current climate.

GNT/BTC:  Breakout Imminent?

https://i.imgur.com/bOERQtY.jpg

GNT looks like it's gonna start breaking out .000025 BTC and trend back up again.  Please know that I don't have any news or don't too much stock in 'fundamentals'.  I consider them mostly noise that should be avoided imho.  I base this on the obvious:  The price.

I feel like singing this old song my aunt loves.  Lol.

I Feel So High
https://www.youtube.com/watch?v=1jNNwbuDXsA

I know i know...  It's kinda gay.  But it sure sounds good when something's breaking out tho.  ;D  I hope it stays above .000025 BTC.  ;)

Edit:  Bragged too soon.  Meh.  :(

Sideways after a decline is often a good call.   Before .000045 near term there is possibly some resistance looking further back to spring, at .0000268

https://i.imgur.com/c62rWCe.png

short term that is where its topped for this moment, have to see how it develops vs that speed bump

https://i.imgur.com/wYNdzyO.png

This still could have some legs, but not all that sure why there's heavy selling whenever there's heavy buying.  I think it could be the same group trying to control the price and keeping those pump groups from pushing the price too high (for now).

Boom break out!  I guess it's time to celebrate again by playing this tune.  Lololol.  ;D

I Feel So High
https://www.youtube.com/watch?v=1jNNwbuDXsA

Did some of you get in cos it's a slow rise and the next stop could be at .00006ish BTC

I see this ICO project is different from most other ideas or maybe there have been ideas like this but not until the new thought where creating the first decentralized super computer super source, I think this coin is worth later to buy where the project is very interesting