Bitcoin Forum

Xtrabytes and Safex?

I checked XTRABYTES ann thread, They are having some issues I think so I don't recommend this coin (for now), let them resolve their issue first. but they are having progress regarding their project so let's see what is going to happen.
And In terms of trading the volume is too low, actually it can be a dead coin because no traders are trading this coin. So I can say that, don't trade this coin for now.
Their ann thread: https://bitcointalk.org/index.php?topic=5134924.0
coin volume data etc: https://coinmarketcap.com/fil/currencies/xtrabytes/#charts

And For SAFEX , same issue very low trading volume. I don't recommend it for trading purposes.
I also checked their ANN thread. no team update! So I think this one is not good at all.
Ann thread: https://bitcointalk.org/index.php?topic=1258419.280
coin volume data etc: https://coinmarketcap.com/fil/currencies/safex-token/

For me, don't trade low volume coin at all, that is my basis regarding trading
But if you trust their project, then support them.

i see chart of both this, from price rising price we can see it look good, because since it list in CMC, already gain than 100%.
but, the problem is why the volume is very low,and listing in the small exchange, i have use coinexchange before, and it good no delay withdraw/deposit
maybe if they try to request list in another exchange,it will develop quickly.

if we comparing both altcoin, maybe xby is better than safex,,
and the team still active to answer and responded all questions on xtrabytes announcements thread in this forum
but, i suggest you to invest in a better altcoin mate, such as ethereum, binance coin or litecoin

Safex is not only a shitcoin but it's also a crap coin. Safex has developed a crap exchange site and it's not clear about what product that has already created by xtrabytes.
Investors will actually move to another platform that has a better future than both of those coins.
I have even dumped my extrabite since january 2018.

It's only traded on a single exchange site and what a joke.

I have never heard of Xtrabyte so I will not talk much about this business.
But for Safex, I think they are going in the wrong direction and have very poor liquidity.
That is not one of the things we should be concerned about, because sooner or later it will be one of the dead coins.

Can you be a little specific which safex you are referring here?

I've seen to project with the same name.

https://coinmarketcap.com/currencies/safex-cash/
https://coinmarketcap.com/currencies/safex-token/

And I also remember in the past there's a project name safex that was delisted from Bittrex and its volume are slowly dropping, don't know which of the 2 or it was also delisted in cmc.

Never heard of them, and I believe it is not the best time to search for perspective tokens at the moment. We are in a very uncertain situation and when the market drops, alts would be the first to renew their bottom.

Could have been a good time to look at new coins in March but now we are already up about 3x from that period. And most likely we have to suffer a few retracements in crypto overall before we continue with the recovery. That is also just assuming we really are on an upward trend.

Get into something new if you insist but consider all investments in new projects now to be money dumped.

I think it was the 'token' while the 'cash' doesn't have any other information base on CMC. It has a huge market cap but the volume is dead @ $1,186.

Same goes for xtrabytes as pointed out by panganib99. Instead of investing to both of them or any of them, choose wisely.

The safex has indeed been forgotten. This is a sad thing, and apparently their CEO has given up. they only post bland updates every week, but nothing is noticeable.
I think it died from inside and will soon be removed from CMC.

I never heard both coins xtrabytes and safex.
I don't recommend you to trade on the coins which have a low volume because you will be difficult to make a profit.
It is better to select the coin which has middle until big volume so you can see your chance to make a profit.
Maybe you can choose any coin from the top 100 coins list so you will find the profitable coins.
It is too difficult if you still force yourself to buy and sell those coins and I don't think that you will make a profit from both coins.
But we could only give you advice as you need to decide which coins you want to trade and we could hope that you don't make a wrong selection of the coins.
But even if you choose the big volume of the coin, it doesn't give you a guarantee to make a profit because that will depends on how you trade and your skills in trading.

I’ve heard xtrabytes and safex but sadly these coins has not shown any progress in the market. Much better invest on altcoins that are top in the market and continue on developing about the project. Though there is always a risks in crypto so you should be choosing best coins to invest these days.

i ment for the long run(hodl) , not for tradding!

Never heard of it so this is not some coin we give attention to it at least now.

There are some really better doing altcoins for you to choose from.

I have seen this project called xtrabyte but never seen safex and I am not so sure that I am interested in the safex because I need to research on it and I am quite tired of making lots of research on every project that I come across with to be sure that the project is a viable one, so this leaves me to the option of xtrabyte, with the little that I know of xtrabyte, I think they have a very nice concept and product that will be of real use case.

Their team is perfect to an extent and it might be a good project to hold for a short term, and read my lips, these projects are on good for a shot term trade where you get out on time as soon as you see profit, most of these projects are now like pump and dump coin because investors don’t stay with them again other than top altcoins.  If you are to invest, I would advise top coins and not these ones.

These two coins/tokens aren't providing good market volume and therefore, we can't expect to have ROI from them. Investors will never turn their heads into like these coins, not we called it shitcoins/tokens but it almost near into that.

And I choose wisely not to put my money with them, it is preferred to be to have those names that already establish good market history and seems to have a big market potentials.

Yeah, both of them aren't really giving that good liquidity and volume so whether it's the cash or token none of them are good to invest. I'm interested if OP did invest already on these coins or he's just about to invest. I think if he is about to invest, he should consider the suggestion of everyone here.

But if he's already invested to it, I felt bad for his money but that's it, that's the lesson that he has to learn that never invest to these kind of coins. At least the money he has invested to it taught him but in a harder way.

never think about both alts above
but, as i knew both are an old coins, and can survive in all market situations
so, maybe both altcoin is good enough to invest my friend
but invest with your own risk buddy

Not interested on those coins but we have our own choice when choosing what alts were we gonna put our money, hoping we get successful on the alts weve chosen.

I never heard for these two altcoins, I will check them both before I make conclusions. There are many altcoins now it's hard to know all of them, even harder to invest in all of them. I believe in hidden gems, there are promising projects, but simply they don't have attention now. Just remember that bitcoin had the same history, many people didn't know about btc 10 years ago, but look where it is now. Try to imagine how will cryptos market going to look in 10 years from now. When you make investment in some altcoins try to be patient with your investment, let it be for a longterm.

It seems to me that this coin has a very high inflation rate. In any case, the price will fall in relation to Bitcoin for a long shelf life. You need to choose coins where the inflation rate is up to 5%.

Did a quick search and i would recommend neither.

There is simply just too much risk in investing on altcoins right now. Just take a look at bitcoin dominance percentages. The general populace seems to be more swayed towards bitcoin right now and i don't see how people would be again interested in investing on altcoins when just a year ago almost every altcoin out there turned out to be a scam or a dead-end project.

xtrabytes{XBY} hype on January 2 2018 and from that continues to fall but looking at the chart now it has 7% growth while other coins including bitcoin are bleeding

the next is safex Cash or Token?

well i assume it was Safex Token{SFT} also pumped in January 13 2018 and now continues to fall?

i don't see potentials on those Two so i think find some coins that's more appropriate to invest with

I seem to remember a lot of hype around Xtrabytes a couple of years ago. Obviously it didn't really turn into anything. I'd be wary in general of coins that have a history of being hugely hyped. In this specific case, looking at that price moving remorselessly towards zero, I wouldn't go anywhere near it.

Safex I don't know anything about, but after a quick look at coinmarketcap I would stay away from this one as well. It doesn't look like a hot project that is ready to soar in price.

XTRABYTES (XBY): For investment i don't recommend because first of all this will be dead project very soon. Still XBY total marketcap around 2 million USD and trade volume very low. Even right now listed only coinexchange.io this is main problem because this exchange will close down in December.

Safex Token or Safex Cash which one you mean? Safex have something good price as a total coin supply. But there are no good trade volume. Actually both of almost dead projects.        

when I look at coinmarketcap I see safex and xtrabytes have differences and risks, for his point I prefer safex to you can buy, I recommend it because safex on coinmarketcap is still not listed in the market, usually when a new token is listed at coinmarketcap can be very expensive, so my advice is when you can get a direct profit rather than being stuck at a high price.

Friends, I don't think this is the right time to buy. The price of Bitcoin can go down at any moment. In this case, the subcoins will already lose more value. The anxiety is too much. XBY price needs volume to go up. Lack of volume is the biggest problem

We don't expect that these coins (as mention by OP) will get a huge market volume but it has to see it dropping more cause they are one of the abandoned coins in the market. And even the market will bounce back high again, we couldn't be seeing them having a good value but rather to see them keep sleeping in the darkness.

yes, if a coins with very low volume in the market, thats really big sign if the coins have no interest from the traders
and this is not good,
so, people must double think if they want to invest in any coins with very low volume just like both alts written by the OP

Most of the case but there were some low cap coins which do have potential to increase its price but the question is, which one of them does have the chance?
We cant really conclude nor predict on what would be the future of those projects being mentioned on OP since even how good the project was but the interest of people
or the community is absent then these two would be still destined to fail so i cant really judge it up.Therefore, you should know the risk on buying these coins.

Those are looking for day trading it is little risky investment and Those are looking for short term and long term it will make good profit. But active traders only survive on all the situation so Bitcoin investment is the right time for all the all situation and if we see any dump we have stable coins also it is never loose our investment.

It’s clear from the answers above that these 2 mentioned currencies are shitcoins and a trash that is not advisable to invest and use for trading,for Op?skip this coins and look for something new or invest in currencies that has potential like those in top 50 Cryptocurrency

Yeah the most riskiest area of trading is daytrading
On a contrary not everyone will succeed because it depends on what currency we will buying so this reserve a challenging way of choosing the right one

Nope that’s not true because there are some traders that fails sometimes and others leave the market already because of failures

It's safe to say that most competent traders will stay while the not so competent traders will indeed leave the market after having lost a lot of money.... it also happens in the legacy markets where as always retailers suffer the most.

Overall, most traders always lose over a longer period of time, so even if the sentiment within a certain market changes drastically for the better, the freshly booked profits will never nullify the losses traders booked before that.

All you need in crypto is chart to trade.... fundamentals are meaningless because the price will reflect whether a project has great or poor fundamentals, which traders then trade until their markets become too illiquid.

i think that investing in these coins will be a total gambling since they dont have good foundations and fundamentals
they may pump since any coin can pump and since most of the coins are in hands of a small group off people that can manipulate the market
but the liquidity is very low so i'll better gamble on other coins

It will really be a waste of money to me too because if I may tell the op that I have never seen those coins before an this is almost over 5 years of my time in the cryptocurrency space and most of these projects that are not very popular is not even good for investment and not to talk about them even having a real product that will attract users to use them, they could just create a project and really not get anyone to actually use whatever product that the feel from their head that should be released.

I would rather take from all these already existing project that are even still trying to make it despite the fact that they still belong to the top altcoins in the market, I hope op has not made the mistake of investing in the coin because it is not a coin that I can really vouch for.

should i see something interesting in xtrabytes?
i cant even see the price of it on coinmarketcap anymore
also in messari i can not see the price, only the overall volume which is 16$
:X
i used to watch this coin 2 years ago

as investors we have to be smart in taking advantage of every opportunity we will get in investing and for altcoin I still believe in ETH as my investment coin, I believe today many investors are still feeling fear of loss if investing in crypto or altcoin all depends the investor's own beliefs, beliefs and expectations are the most important capital in investing with these critical currencies

i think xtrabytes will boom afther the patents!

Better invest in popular altcoins with working products, its hard to invest in projects with less development, less updates and no products. Specially if there are no volumes in the market you will get skeptical and no idea whats happening, so to minimize risk better stay for the moment.   

Always choose the top 20 coins or tokens for trading, don't go with these two coins as they are not popular so most of the investors avoid such coins. Xtrabytes currently trading at 0.00654$ and it will reach 0.1$ in five years as predicted by some analysts. You can find details here https://walletinvestor.com/forecast/xtrabytes-prediction.

good advice in my opinion because it can reduce the risk of investing in crypto and altcoin at this time I still have confidence in ETH as altcoin that still has hope and value going forward but all of that we cannot predict with any development of cryptocurrency.

Xtrabytes I remember from a couple of years ago, it was one of those coins that had some huge hype behind it. I would in general recommend to stay away from those coins, as it can be difficult to determine what (if any) value they actually have.

Don't risk with these two coins. When I checked Xtrabytes in coinmarketcap, what I saw is a shady coin with incomplete data. What is most interesting to me is that it has recorded a 6,399.65% ROI. I don't know how true is this. Safex is another interesting coin that records 1,689.40% ROI but it is still a shitcoin. Do not buy it. Its volume is even very low, less than 100$. This is enough to say no to it.

I just found out about that and after I looked at CoinMarket and Thread announcements for the Safex since July there has been no update on the property and for Xtrabytes. On the CoinMarket list there is no data on prices or exchanges. very doubtful actually both. if you are interested in investing my advice, do a review again so there is no wrong choice

Not a good idea to buy those altcoins since it will just go down if the price of bitcoin will pump and for sure that people will sell their altcoins that will affect the value and will plummet really hard.

That's why it is much bettter to buy bitcoin today and wait for the value to go between the range between 10k - 12k. Also bitcoin is really good for a long term investment and day trading.

Yes, you are right, we should always get updates in which we are going to invest because most of the coins are becoming zero volumes in the exchanges because we don't see any active updates and developments from the team, that's why we should always choose the old coin for investing.

There's no question that the two coins mentioned by you is a shitcoin since as you see they didn't get much volume and provably it will continue to that and better if you look ok the toplist since for sure you will get the potential that you want interms of investment, but if you are adventurous maybe try to find a another alt and try to see where they listed,volume and check I they provide a frequent updates regarding on their developments.

There are so many altcoins that has potential and can be a hidden gem when bull run comes,  but its your choice if you think those altcoins will give you good profit then go on.

there are plenty of them thats true,but are they easy to find?no its not because cryptocurrency volatility is the reason why its harder to buy the highly potential one,but try to consider semi long term holding if you fail to get the right timing or buying one,this is what i do when times i failed to profit in a days,i make sure i have another capital since those bought currencies will take some time again inside my wallets

Potentials are one thing, reaching those potentials with actual and clear steps or plans is quite another. There are so many coins with potentials that they try to envision a paradise. That is not going to convince investors. You don't dream and convince the public that they should invest in that dream. You should somehow show to them that such a dream could be made into a reality and how it should go from there. A lot can be a hidden gem, and can not be. For now, they are not yet gems because they are shitcoins. They need to prove something first. Both coins are not yet hidden gems. 

I haven't heard of either one of these, and my guess is that they're both garbage coins.  More or less anything new on the market as far as alts go isn't worth owning, because there are way too many of them and there isn't enough interest or money to go around.

Are these tokens or coins?  I can't even keep track of them anymore.  Either way, you're probably right that now isn't a good time to be buying any tokens.  Of course it wasn't a good time last year or the year before that, either.  Too many scam tokens, too much money being lost by buying them.  Op, whatever these two things are I would advise you to stay away from them.

   Where do people find out about this coins/tokens? Its still not clear what they are!
   With so many promising alt-coins around why to search for some new and shady projects? When you search it on coinmarketcap you get
XTRABYTES (XBY) No data to display. For me that`s shady. After first check I didn`t wish to do more checking about this project, Safex
is also shady, on coinmarketcap can be found Safex Token and Safex Cash.
   I`m not thinking anything about this project, at first look I don`t wish to search for more about them.

I'm doing some preliminary research on Safex Cash for a book I am writing. They are not represented by a company as far as I can tell; instead they are a group of crypto enthusiasts. The CEO (i.e. Chief Architect) is still alive - here's an interview he gave about 2 months ago : https://blocktv.com/watch/2019-09-10/5d77dc5777e7b-d-dd-daniel-dobek-safex?utm_source=altcoininvestigation.com&utm_medium=bitcointalk (https://blocktv.com/watch/2019-09-10/5d77dc5777e7b-d-dd-daniel-dobek-safex?utm_source=altcoininvestigation.com&utm_medium=bitcointalk).  Both Safex Cash and Safex Token are from the same group of people.  Their activity on bitcointalk is limited, but they appear much more active on their own forum : https://safe.exchange/ (https://safe.exchange/).