Bitcoin Forum

Having scored almost 200 Lumens last Christmas Eve on their grand airdrop, and only applied for the airdrop for grins, I have been wondering on the overall feedback of you pro's here.

Yes, I know they are generally worthless at the moment, I am still curious of their design as a exchange coin on the platform. I do like the potential of the Stellar network as a fast transaction service.

So what say ye coin dwellers. Digital space takers? or a reasonably viable product.

Actually the price of lumens or xlm is not that too much you can earn profit from it but if see its all time high it is about 0.75 usd and in the next bull run it may be bigger that time you can get profit from it but for now you should hodl it



I am not able to understand what you want to say in this sentence???

Why do you think that Stellar is worthless?
Look at the graph: https://coinmarketcap.com/currencies/stellar/ they showed very nice price progress even the whole market is bearish.

Stellar has been under performing price wise compared to what it is capable of. As a competitor to Ripple it is expected to have a higher value, but they realised that the distribution was poor, so they done a massive airdrop to spread the wealth a bit more

well it is centralized so that is a big no for me at the beginning. then there is the huge supply issue which makes these types of coins risky investments because their long term decline is guaranteed.
to top that all off we have the unfair distribution of the tokens that worked mostly with airdrops but not a fair one.

Stellar was marketed as the decentralized Ripple, and the team seems to be getting things right and seems to be getting things rights until last year Airdrops, I am not a fan of huge Airdrops because it just lead to value dilution and most of the time most of the free coins return to the exchange almost immediately, so the essence of Airdrop is defeated already

Maybe worthless was a bad descriptor from me to use.


Just a query for opinions on the product.

I like the concept of a transaction coin. With the airdrop, at current transaction rates on the stellar platform, I cant even fathom how many transactions I can perform using my 200 lumens.

-CTS-

I really LOVE stellar, i regret so much not having invested on it during summer 2017... it was dirty cheap then! Its transactions are fast and cheap. The main inconvenience for me is the requirement of setting your wallet to eb able to receive new tokens on Stellar blockchain!

1 thing that i know about stellar or lumens is i know it as same with i know ETH, well maybe it is early but i know stellar when it first launch and their developers still active until now. It is good for a coin because it can be promising one.