Bitcoin Forum

I have read about the 3 cryptocurrencies and while Golem is more famous than the other two, I think that the latter two (especially SONM) are potentially better than Golem in the long term. However, when I googled 'SONM Scam', I get results about people who think it is a scam. There are no similar results found on Google about Golem or iExec. I am still unsure in which crypto I should invest. What do you guys think?

I have invested in 16 eth is the SONM ico which collected over 40million. I have lost almost half of my ETH immediately after the token hit the exchanges. This is due to one of the founder left the team and lack of communication and good exchanges. I think the tem started working hard and recruited more people to deliver their promise. If they manage to deliver their product sonm will be far superior to Golem and iexec. If I am in your place I will invest in SONM because it’s still under the ico price and they have realised the alpha. The con is got the potential to go 10x very easily.  Even though I lost my half of the eth I have invested another 10 eth when it was low so the profit is balanced    

''Only invest what you can afford to lose'' 

I think the third crypto is good but if for the investment would have a risk and if you want to invest for the long term better you investment the bitcoin

You are 100% right, and I have the similar experience with you, Now I also have the SONM coins and wait to see some big development, since the price is only half of the ICO price, maybe it is a good time to buy some.

SONM is a long term investment. I wouldnt comment on the other two because I do not have much knowledge. Sonm has lost almost half of its ico value. However if you believe in long term projects, I would suggest to diversify into these. Its cheaper right now in the days to come. Yes, their minus is communication. But they are working on their product. They have released Alpha. So be wise.

Before I was really on my way to investing SONM ICO as an early bird. But problems occur so that gave me more time to just read their thread and re-evaluate things again. Then I decided not to invest. The team since the beginning is not really smooth. Golem on the other hand looks solid.

Completely agree mate .If the stupid team manage to communicate properly the price would have been 10X by now. The coins with silly little concept is doing much better than sonm. After all this is a super computer project should worth much more than what it is now. I know a fellow bought 200k coins with the same price as mine(36eth). Now he is in a huge profit but I am still in a loss. Hope one day it will pay back.  

SONM investors got screwed immediately after ICO, you can find lots of info about what happened. I would be very careful with them. But thanks for bringin up iexec, I have never heard of this project.

so may similiar projects, the lately one is enigma, which will ico in August, maybe time will tell us the answer

I don't know if versus is correct terminology, but may I add Elastic into this list. They are different in quite a special sense as they are like how a lot of cryptos started: with part timers and volunteers. They had one negative issue which was one guy ran away with donated money but since no one invested, in a way no one lost anything.

XEL Elastic is the best choice

iExec has a very promising team, but they do not have as much progress yet complete as Golem. I have invested in both Golem and iExec, because the tech they are working on is key. I`ve stayed away from SONM personally.

abandoned coin that is not even cheap anymore and developed by part timers and volunteers is the best choice ? ::)

Abandoned = wrong. This is pure ignorance and misinformation. But maybe this is the difference also with XEL supporters?
Not cheap anymore? = Cheapness means good coin? What are we discussing here? How cheap a coin is or how good a coin is? I may have been misinformed.
Developed by part timers and volunteers = Oh no, we better abandon Bitcoin because it has a lot of part timers and volunteers.

From what i've read the original developer is no longer involved and the funds are gone? is this incorrect? Maybe it's unfair to say abandoned as i think it had something to do with illness(?) so apologies for that then

re: cheapness, i assume you're being willfully obtuse. We are discussing which coin would be the best investment, so it matters which has the most upside potential.  

afaik bitcoin is working, whereas none of these are. in my view the coins that have funding and are being developed full time is likelier to deliver than the part timers without funding

Can you please share your thooughts about why you think Elastic is the best? I am looking into it but it seems a bit complicated due to its own programming language, etc. Also, there is no info about their team.

Although SONM’s founder left, the promises are on track. The developers are delivering as per plan so I still believe in this project.

I am disappointed with SONM, see the price is now very far from the price of ICO. Dev coin is not interested to enter a big exchanger like Bittrex. I've been holding him for a few months. And currently prices are still disappointing.
I'll keep it until I get a decent price.

XEL is still under active development so far: https://bitcointalk.org/index.php?topic=1957064.0
That ICO received around 600BTC a year ago and the "volunteers" are performing better than some other multi-million dollar projects.

Sonm project team has caused its price to fall 1/3 of the ico price with their own hands. I know they had serious problems in bounty distribution and ico but you can be sure that sonm will make x10 very soon. This project is not different from bancor, 0x, eos, tenx etc in terms of market cap potential.

prefer GOLEM over SONM because SONM does not do the latest moves and updates about its coin so SONM coin is glued. SONIM prices are so far away from the price of ICO, maybe investors are losing a lot.

okay i'll take your word for it, but best investment in my opinion is sonm. good luck to us both tho, there should be room for all of these to grow until they launch

To invest SONM is currently very nice as it's below the ICO price so far. But I guess it's because peoples fear that the product will not be delivered.

Regarding Golem, I also considered to invest in the project because the use case is great and needed in business, science and industry.
Then I found in my researches that the coin has been some time in alpha status and there has since been little progress (at least this was my impression). I then decided not to invest in the project and continuing to observe it further.

To me, this is my biggest disappointment in crypto.  Not really because of the money I invested in Golem, but because the untapped realization of the potential.  I see all the processing power dedicated to mining bitcoin, and although I understand it keeps the chain secure I also believe that power and electricity could be used for something more constructive.

The problem is that you can not make sure that there is relevant progress. It may be that there is a lot of progress in the background and the developer team do just not communicate it and on one day they say, we have a new super extended beta version and everything is fine for investors. There is indeed a lack of communication. But I am still very hopeful in terms of the projects. There is not really a competitor at the moment what makes Golem unique and still interesting for investors. I will hold and follow the news.