Bitcoin Forum

Decentralized credit system.
Raised $12 million from Y combinator, Coinbase, and 500 Startups

Currently listed on Bittrex, is doing more daily volume than ether or ripple

Volume and Price has increased greatly the past month without slowing down

Big rumors of major exchange listing (coinbase?) within this month.

Just showed up on OKEX wallet

Just did AMA for Gate IO Chinese community

Former Binance employee as advisor



I mean.... how is this not the next moonshot?

Just announced listing on OKEX.

Price now up 100% from the original post.

Remmebre this is a coinbase + y comb invested coin, and team has promised even bigger exchanges down the road.

Excited to see what happens :)

Is the Creditcoin (CTC) you talking about is this; https://coinmarketcap.com/currencies/creditcoin/ ?
It's kinda new project and as I can see on the coinmarketcap's website, as of now, it is still listed on Bittrex exchange.
And the daily volume is current around 1,000,000 USD. And the ROI of that altcoin is around 6,000% now in coinmarketcap ? Maybe there is some just error?

What will be the real world application of this coin? Will they be going to provide banking services with easy loan options and with low interest rates? All I mean, I do not need the information like how much they had raised and who were all invested and how is on advisory board. Because, had seen such glamorous things for more than 100 times and all of them ended up as shit coin after got delisted from major exchanges.

Only if a coin is having real world application like ethereum, then it may sustain (even ethereum is struggling these days). All other coins may get you good ROI in short term and you may get trapped when whales start dumping their stash.

This crypto space is not new anymore and if we do not make use of our past experiences then all non-real projects will still be able to steal our money.

It may have potential to increase its price .but claiming to reach 100x is too much for project now. As you said its already beat the daily volume of eth then how we can expect that it will add more volume in the next more days. Maybe its price as it peak right now so the 100x will never happen .

Exchange listing will not enough hype to increase its price to 100x  5x is more real.

Well the reason I was saying more volume was because then it was only listed on Bittrex but today OKEX was just announced and team says they will be listing on even more and more exchanges
if volume keeps inreasing with each new exchange, doesn't that mean the price will also follow?

That's the logic.

But if looking at the chart with the past 1 month, the price already up more than x4 buying now could be buying at the top since the coins entering the market at "Feb" and the price right reaching an all-time high. The coins volume trading will not always increase, also if you look at the chart the price hits around 8500 sat almost 3 times that could be a resistance of price if they can't break it means the price probably going to down. RSI & MACD also on the top.

Its at 8900 satoshi now but I understand what you are saying.

Do you think its a good time to sell and take profits and then wait to re enter? or is it better to hold until the trading opens on okex and then see what happens then. What would you do?

The coin is being pumped the price will be increase more than that if I predicted. But, I don't know more about this coin, because it is new coin.

May I know, where you get the information that OKEx will take a decision to list this coin on their market? Maybe it will be good portfolio if there is big exchange who try to list ut.

Also, I just suggesting if you doubt to hold this coin you can sell a half first to take your profit and the other half you hold them to wait some exchange listed the coin.

Sell some coin and take back your initial investment keep the rest if you believe on the coins will keep higher.

Then if the situation of the price getting worst, your initial investment will not reflect on the loss. U only losing your estimation profit since already keep ur initial investment by selling some coins that would be safe for you.

I doing this sometimes, went my porfolio result give me more than x2/x3.

DWYOR.

Is this the project that's also known as the CEO of Coinbase is also a co-investor?

This is should how be done where always prioritize to secure your initial investment and let the profits roll and repeat the same process.
Im not aware about this project and if its making some good movements now then its good for those who had able to enter earlier as
op do mention about this project but i cant blame if majority is still on the observation phase yet we know that each project
that been launched turns out the be shitty in the end no matter if its been backed up by known companies or advisors etc.

100x nowadays is hard to believe on and if theres one then expect for that thing been hyped too much.

Thank you for the advice. I understand 100x isn't really realistic these days and if anything many coins are still overvalued for what they deliver.


I still think there are promising projects out there that do have the potential for price increase as adoption grows and this is one of them.

Maybe 100x is too much but I still do think we will still see some huge growth here.

opinions?

Hello Guys,

This coin looks interresting, does this one have a wallet for windows pc ?

Regards,

Its a bug, CMC thinks the ICo price was $0.01 since it doesn't have the data. In reality there was no public sale, only institutional investent (coinbase, y combinator, 500 startups etc)

Creditcoin is an erc20 token so you can use any erc20 compatible wallet to store the tokens

I think all these points listed above are not enough to make a coin see x100. X100 seem pretty unattainable currently for any coin because of this world wide Covid-19 pandemic. Telling me a coin would see x100 because of AMA with Gate.io, new listings , okex wallet listing etc is a joke. Good luck still in your inve9.

Well for example, after the okex wallet listing OKEX just announced yesterday that it will be trading on their exchange. So while you might think these activities are trivial its part of the bigger picture and theres somethign brewing in the background.

If that coin is new, that coin needs to compete with the other new coins because every coin will have the same opportunity to be the next 100x as you say. You can say like that if you have that coin and want to see that coin increase so high, but the other people will have a different opinion, and I am sure they will use the other coins that they predict it could increase in the right time. We will see which coin that really have a big possibility to increase higher, and we will see from which coin our profit comes.

Who knows, what they are enjoying right now is already the peak for this coin? Be careful for this project as it might be pumping because of some news surrounding it. But later on, it will go down hard. And also, since it is exploring the credit network, it should have wide adoption first before aiming 100x. Because if you are aiming just because of trading, I don't think it will be sustainable in the long run. I might believe that it will shoot up its price if there are so many users who are already using their credit platform.

keep in mind it is still in the early stages, team is working hard on user adoption and bringing new innovating ideas to the creditcoin platform. They are one of the first to create a decentralized global credit network, which is why they recieved investment from coinbase and y combinator.

Sure long term it might not be a good hold but what is long term. 10 years?

As I observed, the price of CTC has increased by 6000% compared to the original. So I guess it would be hard for it to go up to 100x from the current price. Btw this project has a great ROI, hopefully it could become one of the leading projects in the future.

100x is 10,000%
Credit Coin is already at 6000%

only needs to increase about $0.30 for it to hit 100x, it is completely possible especially if they utilize their brian armstrong investment to list on coinbase

For short term investor this coin maybe a good option to pick because it has all the reputation to get hype real soon but in the long term like in years the application of the coins is more important than where that coins are currently listed on.

nice said buddy  . yeah i agree that the application is what more important to us real investors than a hype alone  .

 so again this coin is only close to a pump and dump kind of coin  . coins that have real usage usually dont pump 100x but they can give you often small profits which is better because they can do it for a much longer time than compare to coin that only pump one time  and nothing more   . they are only risky because if every you bought too much on wrong time you can be left out with nothing  .

   Why are you so negative? New coin, I agree with that, but why first thought has to be it's pump and dump? Maybe some
investors are interested in this because of the technology behind!
   I will not say more than I have to, I didn't do my own research, I will do that tomorrow, now I am tired! But in this times
when everything is going down it's good to keep an eye on the projects that are rising! I will check more about this and I will
give my personal opinion, for now this looks like a good investment, long-term investment!

Yup I think its the same thing as people who say bitcoin hit $500 in the early days and was like $500? We will never see it go any higher!

If you look at long term adoption rates then you will see that as user adoption grows so does price I think that is what we are seeing here with creditcoin, we are seeing more and more projects adopt the standard and as a result we are seeing creditcoin rise

OKEX listing has been a great thing for this coin.

Volume has increased 10x and went from roughly $1m usd / day to around $10m /usd.

Exposure to a bigger audience can only mean good things. I stand on track with my $1 prediction.

Daily Reminder , this coin is making big moves

heres a quote from a recent article


Not to mention the coinbase & y combinator investments and the teams policy of only listing on top exchanges
this coin is getting pretty close to hitting that 100x mark.

Short term on this alt will be okay, CTC has gain 6000 percent on boards, and the hype now will bring it bit more high, but i think it wont be 100 time more like someone said above, 6000 percent is huge, and i dont think it will 100 time bigger, just wait for the hype slow down and the CTC price will slowly down and loose her currency exchange rates. just be careful on your steps.