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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: gentil on May 18, 2017, 10:21:06 PM



Title: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 18, 2017, 10:21:06 PM
I've come to the conclusion that Golos http://coinmarketcap.com/currencies/golos/ is massively undervalued. For this reason I've decided to sell all my other alt coins and put everything into Golos. Here's why:

Background

Golos is a fork of Steem http://coinmarketcap.com/currencies/steem/ but for Russian users (Steem is targetted at English speakers).

Its basically a social media platform where you earn Golos (money) for either writing articles or curating articles (upvoting etc). This is explained here https://steemit.com/faq.html#How_does_Steemit_work

Steem also has a large Wikipedia page
https://en.wikipedia.org/wiki/Steemit

My calculations

There are about 500 million native English speakers in the word, with another 510 million people speaking English as a second language - source https://en.wikipedia.org/wiki/List_of_languages_by_total_number_of_speakers (total of 1.01 billion speakers).

There are about 150 million native Russian speakers, with another 115 million speaking it as a second languge (total of 265 million speakers).

So there are roughly 3.8 times more English speakers than Russian speakers.

The market cap of Steem is currently about $212 million
The market cap of Golos is currently about $4 million

So the market cap of Golos is about 53 times smaller than Steem, but there are only 3.8 more English speakers than Russian speakers. All other things being equal the market cap of Golos should be 3.8 times smaller than Steem, so $56 million (instead of the current $4 million)

Steem is about 13 months old
Golos is about 4 months old

Obviously we need to consider the current number of users on both platforms when comparing price

https://golos.io/ and https://steem.io

Its an approximate calculation, but it appears currently Steem has about 5-10 times more posts, votes etc than Golos. So say an average of 7.5 more traction. So based on these numbers Golos should have a market cap 7.5 times less than Steem - so $28 million (instead of the current $4 million)

Recent Steem performance vs Golos vs alts

Golos launched on January 19 2017. Since this date, Steem has increased its market cap by 473%. However Golos has decreased its market cap by 7%. And since the same date, alt coins have increased 1262%

So basically Steem has underperformed the alt coin market, and Golos has totally underperformed the alt coin market since it launched.

The Ripple and Stellar effect


This is where it gets more interesting. Ripple shot up in value by more than 6000% between March and now.

Stellar Lumens are a fork of Ripple. Despite Ripple exploding, the price of Stellar barely changed until May 4. Between May 4 and May 18 it increased about 750%

Despite most alt coins exploding January-May, the Steem price didnt move much. Then between May 5 and today May 18 Steem has gone up 177%. Golos may well shoot up in value any time soon.

The Russian language opportunity

A possible reason why Golos has lagged the market is its an entirely Russian crypto. The majority of crypto investors (like you and me) don't speak Russian.

So when we visit a crypto coin website like Golos https://golos.io/ and see a bunch of Russian we pretty much rule out investing in it. We don't understand it!!

However think about it from a Russian crypto investors perspective. Most Russians don't speak English, certainly most don't speak it well enough to read/analyse English language focused crypto coin websites (basically most cryptos). NB think how hard it is to understand much crypto info when its written in your native language, never mind your second language.

Golos would be a much easier investment for Russians to make. They don't need to try and use Google translate etc to understand the offering.

Other factors


I first read about Steem about 6 months ago. I had a look, but to me the quality of the content was really poor and it didnt seem to have much traction.

However this is changing fast. For example this article https://steemit.com/cryptocurrency/@jrcornel/is-this-the-beginning-of-cryptocurrency-mass-adoption has earned more than $400 despite only being 1 day old! If this article was published 1 month ago (before Steemit shot up in value) it would only have earned about $100 in 1 day. Steem and Golos have an ingenius network effect.

Further, the main social media platforms like Youtube and Facebook have started trying to ban anti establishment content like https://steemit.com/money/@sgtreport/end-of-the-empire-bill-holter How dare anyone suggest the USD has problems, despite there being so much evidence that the USD as a world reserve currency is failing! This kind of big brother censorship on Facebook, Youtube etc is only going to make sites like Steem and Golos far more popular.

So in summary thats why I'm going to sell all my alt holdings and put them into Golos. I think its going to explode in value really soon.

Let me know you're thoughts. If you think I'm an idiot then please back up your viewpoint with data  :)


Title: Re: Why I'm selling all my alts coins and putting everything into Golos
Post by: easypeasy on May 19, 2017, 12:23:54 AM
im sure most folks will be sitting here saying "look at this guy trying to pump his coin/bag" and mabye you are BUT at least you have tried to back it up with info and links unlike most

its definitely an interesting pov you put forward, scholl!! as the vikings used to say


Title: Re: Why I'm selling all my alts coins and putting everything into Golos
Post by: PovertyByte on May 19, 2017, 12:24:03 AM
One thing to consider is platforms like Steemit need a userbase to thrive since a lack of activity is boring so it isn't just a linear calculation of this many users should equal a certain market cap. It is a compounding effect.


Title: Re: Why I'm selling all my alts coins and putting everything into Golos
Post by: European Central Bank on May 19, 2017, 12:57:03 AM
the steemit price depended on a bunch of whales pumping the hell out of it and gaming however you make money with views, i never bothered to find out. does this coin have the same? that's all that counts.


Title: Re: Why I'm selling all my alts coins and putting everything into Golos
Post by: gentil on May 19, 2017, 02:24:29 AM
im sure most folks will be sitting here saying "look at this guy trying to pump his coin/bag" and mabye you are BUT at least you have tried to back it up with info and links unlike most

its definitely an interesting pov you put forward, scholl!! as the vikings used to say

fair point  :) Of course I have a vested interested as I decided to go so heavily into Golos. But thanks for the props on the data. I'm all ears if people try and justify crypto values with data. Too many people just come out with 'too the moon' bullshit without backing it up with sound reason - or any reason!


Title: Re: Why I'm selling all my alts coins and putting everything into Golos
Post by: gentil on May 19, 2017, 02:28:29 AM
One thing to consider is platforms like Steemit need a userbase to thrive since a lack of activity is boring so it isn't just a linear calculation of this many users should equal a certain market cap. It is a compounding effect.

Yes good point. Unfortunately nothing in crypto is black and white. But if you look at the content of Steemit now vs even 4-5 months ago, its better.

Also, I've noticed on Youtube that some channels are encouraging people to subscribe / comment on videos through Steemit instead of Youtube. This has only started recently. Youtube have started filtering a lot of content and its really making a lot of Youtube channels angry.

My basic thesus is Steemit is go to growing but Golos will grow faster. We'll see...


Title: Re: Why I'm selling all my alts coins and putting everything into Golos
Post by: gentil on May 19, 2017, 02:39:10 AM
the steemit price depended on a bunch of whales pumping the hell out of it and gaming however you make money with views, i never bothered to find out. does this coin have the same? that's all that counts.

You earn Golos the same as Steemit, either through publishing your own content or curating (commenting / voting on other content). Golos is a fork of Steemit. Its similar but not the same. For example as I understand soon (from May 29 I believe) you will be able to edit posts on Golos that are more than 30 days old. 

source - https://steemit.com/golos/@gliten/are-you-guys-at-all-invested-in-golos-why-why-not (I think this guy is invested in Golos too so do your own research   ::)

One of the things that really got my attention was how much more money you make as the value of the currency increases.

So if Golos increases in value 100% it means that anyone that earns money by posting content earns 100% more.

Compare this to Youtube. If you're videos earn $5 per 1,000 views, in order to earn $10 you need to double your views to 2,000. Thats much harder. With Golos you can double or more your earnings whenver the value of Golos doubles. Its massive snowball effect that encourages people to join the network and publish content.

What other crypto has a snowball effect like this? I can't find any



Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: robelneo on May 19, 2017, 03:16:37 AM
This coin is interesting I just knew that steeemit will be cloned one day and Russian is a good country to clone this project,but I hope they don't have the same features like steemit where only few people make big earnings fromtheir articles,will definitely look on this project,they could beat Steemit one day,who knows?


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: g___ on May 19, 2017, 03:43:19 AM
I've come to the conclusion that Golos http://coinmarketcap.com/currencies/golos/ is massively undervalued. For this reason I've decided to sell all my other alt coins and put everything into Golos. Here's why:

Background

Golos is a fork of Steemit http://coinmarketcap.com/currencies/steem/ but for Russian users (Steemit is targetted at Englsh speakers).

Its basically a social media platform where you earn Golos (money) for either writing articles or curating articles (upvoting etc). This is explained here https://steemit.com/faq.html#How_does_Steemit_work

Steemit also has a large Wikipedia page
https://en.wikipedia.org/wiki/Steemit

My calculations

There are about 500 million native English speakers in the word, with another 510 million people speaking English as a second language - source https://en.wikipedia.org/wiki/List_of_languages_by_total_number_of_speakers (total of 1.01 billion speakers).

There are about 150 million native Russian speakers, with another 115 million speaking it as a second languge (total of 265 million speakers).

So there are roughly 3.8 times more English speakers than Russian speakers.

The market cap of Steemit is currently about $212 million
The market cap of Golos is currently about $4 million

So the market cap of Golos is about 53 times smaller than Steemit, but there are only 3.8 more English speakers than Russian speakers. All other things being equal the market cap of Golos should be 3.8 times smaller than Steemit, so $56 million (instead of the current $4 million)

Steemit is about 13 months old
Golos is about 4 months old

Obviously we need to consider the current number of users on both platforms when comparing price

https://golos.io/ and https://steem.io

Its an approximate calculation, but it appears currently steemit has about 5-10 times more posts, votes etc than Golos. So say an average of 7.5 more traction. So based on these numbers Golos should have a market cap 7.5 times less than Steemit - so $28 million (instead of the current $4 million)

Recent Steemit performance vs Golos vs alts

Golos launched on January 19 2017. Since this date, Steemit has increased its market cap by 473%. However Golos has decreased its market cap by 7%. And since the same date, alt coins have increased 1262%

So basically steemit has underperformed the alt coin market, and Golos has totally underperformed the alt coin market since it launched.

The Ripple and Stellar effect


This is where it gets more interesting. Ripple shot up in value by more than 6000% between March and now.

Stellar Lumens are a fork of Ripple. Despite Ripple exploding, the price of Stellar barely changed until May 4. Between May 4 and May 18 it increased about 750%

Despite most alt coins exploding January-May, the Steemit price didnt move much. Then between May 5 and today May 18 Steemit has gone up 177%. Golos may well shoot up in value any time soon.

The Russian language opportunity

A possible reason why Golos has lagged the market is its an entirely Russian crypto. The majority of crypto investors (like you and me) don't speak Russian.

So when we visit a crypto coin website like Golos https://golos.io/ and see a bunch of Russian we pretty much rule out investing in it. We don't understand it!!

However think about it from a Russian crypto investors perspective. Most Russians don't speak English, certainly most don't speak it well enough to read/analyse English language focused crypto coin websites (basically most cryptos). NB think how hard it is to understand much crypto info when its written in your native language, never mind your second language.

Golos would be a much easier investment for Russians to make. They don't need to try and use Google translate etc to understand the offering.

Other factors


I first read about Steemit about 6 months ago. I had a look, but to me the quality of the content was really poor and it didnt seem to have much traction.

However this is changing fast. For example this article https://steemit.com/cryptocurrency/@jrcornel/is-this-the-beginning-of-cryptocurrency-mass-adoption has earned more than $400 despite only being 1 day old! If this article was published 1 month ago (before Steemit shot up in value) it would only have earned about $100 in 1 day. Steemit and Golos have an ingenius network effect.

Further, the main social media platforms like Youtube and Facebook have started trying to ban anti establishment content like https://steemit.com/money/@sgtreport/end-of-the-empire-bill-holter How dare anyone suggest the USD has problems, despite there being so much evidence that the USD as a world reserve currency is failing! This kind of big brother censorship on Facebook, Youtube etc is only going to make sites like Steemit and Golos far more popular.

So in summary thats why I'm going to sell all my alt holdings and put them into Golos. I think its going to explode in value really soon.

Let me know you're thoughts. If you think I'm an idiot then please back up your viewpoint with data  :)

putting (and betting) everything on 1 thing is the worst investment strategy

best of luck


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: pedrog on May 19, 2017, 01:19:00 PM
Remember you should never put all your eggs in one basket, you probably should only move like 5% of your portfolio into any coin, but it's your money.

Good luck.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 19, 2017, 01:59:20 PM
This coin is interesting I just knew that steeemit will be cloned one day and Russian is a good country to clone this project,but I hope they don't have the same features like steemit where only few people make big earnings fromtheir articles,will definitely look on this project,they could beat Steemit one day,who knows?

Steemit is targetted at English speaking users, so all things being equal its unlikely Golos becomes bigger than Steemit. But I think it looks a better buy for my reasons listed above


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 19, 2017, 02:00:41 PM
Remember you should never put all your eggs in one basket, you probably should only move like 5% of your portfolio into any coin, but it's your money.

Good luck.

I also own a small business, so its not like all my eggs are in one basket. Just lots of them  8)


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: judeafante on May 19, 2017, 02:01:34 PM
I'd like to participate but they only use russian language and I'm not a Russian,so I cannot participate but I don't see why this coin will be a top coin overcome all the other coins with innovation and features so putting all your investment here is such a bad idea,you do not have an mind of investor.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 19, 2017, 02:44:02 PM
I'd like to participate but they only use russian language and I'm not a Russian,so I cannot participate but I don't see why this coin will be a top coin overcome all the other coins with innovation and features so putting all your investment here is such a bad idea,you do not have an mind of investor.

I believe its undervalued for the reason I listed in the OP. One of the reasons I think its undervalued is its focused on Russian speakers but most crypto money comes from the USA, Europe and Asia (where people don't speak Russian and hence so far havent invested)



Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: omonuyak on May 19, 2017, 03:34:33 PM
This coin is interesting I just knew that steeemit will be cloned one day and Russian is a good country to clone this project,but I hope they don't have the same features like steemit where only few people make big earnings fromtheir articles,will definitely look on this project,they could beat Steemit one day,who knows?
If this project is the same as steemit or steemit crony then many of us who got discouraged on invest in steemit because it was design to favour few owners. Though I have not study golos white paper and do pray The God be with me if my mind is move to invest in this coin after study the white paper.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: johnwest on May 19, 2017, 04:05:48 PM
This coin is interesting I just knew that steeemit will be cloned one day and Russian is a good country to clone this project,but I hope they don't have the same features like steemit where only few people make big earnings fromtheir articles,will definitely look on this project,they could beat Steemit one day,who knows?
If this project is the same as steemit or steemit crony then many of us who got discouraged on invest in steemit because it was design to favour few owners. Though I have not study golos white paper and do pray The God be with me if my mind is move to invest in this coin after study the white paper.

I have been seeing this Golos coin from some days on livecoin and the price is fluctuating and I too feel it is undervalued. I have never thought of investing into such a coin but looking at the white paper Golos looks promising, but I would never put all my money into one coin. Its not how business is done.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 19, 2017, 06:21:21 PM
I just cloned the internet, do you want to cancel your regular internet and join the bananonet?

You can post in russian on STEEM too

https://steemit.com/@blockchained



You could post in any language on Steem or any language on any other social platform. Thats not the point.

Golos is Russian only - e.g. its all Russian, the user controls, interface, focus of stories etc.

Its far more attractive for the 260 million Russian speakers to use Golos vs another English centred social media platforms.

But because its Russian it hasn't had much crypto investment.

Look at all the crypto coins that have market caps of above $20 million and pretty much zero real world use. Most crypto coins aren't even used day to day, the price is pure speculation. Golos has a growing userbase, and its only 4 months old.

Many people who use Golos and Steemit didn't even know what crypto was before they started using the platform. How many crypto currencies can say this? I don't know of any others - feel free to correct me if I'm wrong


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: BitWhale on May 19, 2017, 07:02:14 PM
I don't like Steem, because it's just arbitrarily handing out coins that should have no value. Someone once compared it to one of those machines where when you flip the switch on, a lever comes out of the box and turns the switch back off, and that's all it does lolol. It's very true.

That doesn't mean it might not pump though.

2 questions:

1. How large of a team is currently promoting Golos to the Russian market? Is it only in crypto related groups or are they expanding outside of BTCTalk?

2. Are they targeting only Russia? What percentage of Russians currently use social media and have an internet connection in their house? (honest question, I literally have no clue, I'd imagine the percentage is similarly high as UK/USA)

Since we already know that the system can be gamed by large coin holders and alt accounts effectively upvoting their friends/alts in order to create a continuous stream of new coins coming into their wallets. Have they done anything to prevent this? If not, what's to stop current Steem whales from taking some Steem, selling it, and buying a bunch of Golos to game that system too?

Steem to me is a turn off. Each time I see a Steem link, I know the OP is just trying to make money. This is the same reaction 90% of people outside of the crypto bubble have. It's just another advertisement to them, even if the content was created with good intentions.

Steem I've barely seen anyone talk about OUTSIDE of bitcoin related conversations. I've seen a few social marketers talk about it on Youtube, but I literally don't see anything even close to "mass adoption", so going by population is kind of a mute point. It's all about their marketing team and whether Russians will take to the idea.

It has some definite potential for a pump, but I definitely wouldn't be a long term holder. The system is flawed to begin with. At least Synereo uses ads to make revenue (but then why create an altcoin to pay out users? Why wouldn't you just pay in USD since the ads pay in USD? What stops the competition from taking Synereo's business model but paying in cash/gift cards like most GPT sites?)



Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: SwagGirl on May 19, 2017, 07:51:49 PM
Never put all of your eggs in 1 basket. That is one of the most basic rules of investing.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: TheWallStreetCrew on May 19, 2017, 08:22:24 PM
This coin is interesting I just knew that steeemit will be cloned one day and Russian is a good country to clone this project,but I hope they don't have the same features like steemit where only few people make big earnings fromtheir articles,will definitely look on this project,they could beat Steemit one day,who knows?

I dont think it would be difficult to out do steamit. Not saying it is a bad project. Its a great project that is unique.  Just saying there is a lot of room for improvement in execution.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 19, 2017, 09:40:28 PM
I don't like Steem, because it's just arbitrarily handing out coins that should have no value. Someone once compared it to one of those machines where when you flip the switch on, a lever comes out of the box and turns the switch back off, and that's all it does lolol. It's very true.

That doesn't mean it might not pump though.

2 questions:

1. How large of a team is currently promoting Golos to the Russian market? Is it only in crypto related groups or are they expanding outside of BTCTalk?

2. Are they targeting only Russia? What percentage of Russians currently use social media and have an internet connection in their house? (honest question, I literally have no clue, I'd imagine the percentage is similarly high as UK/USA)

Since we already know that the system can be gamed by large coin holders and alt accounts effectively upvoting their friends/alts in order to create a continuous stream of new coins coming into their wallets. Have they done anything to prevent this? If not, what's to stop current Steem whales from taking some Steem, selling it, and buying a bunch of Golos to game that system too?

Steem to me is a turn off. Each time I see a Steem link, I know the OP is just trying to make money. This is the same reaction 90% of people outside of the crypto bubble have. It's just another advertisement to them, even if the content was created with good intentions.

Steem I've barely seen anyone talk about OUTSIDE of bitcoin related conversations. I've seen a few social marketers talk about it on Youtube, but I literally don't see anything even close to "mass adoption", so going by population is kind of a mute point. It's all about their marketing team and whether Russians will take to the idea.

It has some definite potential for a pump, but I definitely wouldn't be a long term holder. The system is flawed to begin with. At least Synereo uses ads to make revenue (but then why create an altcoin to pay out users? Why wouldn't you just pay in USD since the ads pay in USD? What stops the competition from taking Synereo's business model but paying in cash/gift cards like most GPT sites?)



1. Golos isn't targeted at crypto or BTCTalk. The idea is that people can be rewarded for either producing or consuming content. The content isn't focused on any one subject area. But you can browse subject areas (eg. same way as Reddit etc). Its actually got similarities with Reddit the way good content gets upvoted.

2. Golos is targetted at Russians only. Thats why the whole website is in Russian. Given there are 250 million Russian speakers, why would they target other languages? There is far too much competition for English language social media platforms. I suppose in theory they could target other languages later, but it makes sense to go for the low hanging fruit first. The biggest social media platform in Russia is https://en.wikipedia.org/wiki/VK_(social_networking) I've read between about 65% of Russians use it, and about 75% of Russians use at least one social media platform

Regarding Steemit - yes your similar to me. I hadnt heard anyone outside of crypto reference it until the past few months. But if you look on Youtube there are increasingly more channels sending people to
Steemit, because Youtube etc is trying to clamp down on 'controversial' topics

Regarding ads  -why would they run ads and receive USD? This is the same business model as traditiuonal social media platforms. Then you have to deal with the problems of people running adblockers. Hundreads of millions of internet users use adblockers today  - something that barely had an traction until a few years ago.

Running ads also comes with other problems e.g. censorship etc.

You can't have a true 'free speech' platform thats funded by ads and USD as advertisers have rules about where they want their content run. There's also increasingly
problems with ad fraud.

Using a crypto coin like Golos gets around all these problems.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: SwagGirl on May 19, 2017, 10:21:35 PM
There so many coins out there do you think it make sense to just be in one. Diversity to at least 3 to 5 to be safe.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 20, 2017, 01:08:03 AM
There so many coins out there do you think it make sense to just be in one. Diversity to at least 3 to 5 to be safe.

Because Golos looks so undervalued. There are many coins that have 10x or more during the past few months, even when they offer little that other currencies already do.

Golos offers something unique to 250 million Russian speakers that no other crypto does. The risk vs reward with Golos is far higher for me than any other crypto. Thats why I went all in on it


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: looby on May 20, 2017, 04:28:44 AM
Because of your careful analysis, I decided to buy some fork coins for Russian Steemit ;D ;D


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: BitWhale on May 20, 2017, 09:39:31 AM
Regarding ads  -why would they run ads and receive USD? This is the same business model as traditiuonal social media platforms. Then you have to deal with the problems of people running adblockers. Hundreads of millions of internet users use adblockers today  - something that barely had an traction until a few years ago.

Running ads also comes with other problems e.g. censorship etc.

You can't have a true 'free speech' platform thats funded by ads and USD as advertisers have rules about where they want their content run. There's also increasingly
problems with ad fraud.

Using a crypto coin like Golos gets around all these problems.


Well, I was just saying that atleast with Synereo the money is coming from something that's actually considered of value (ad views, giving advertisers more sales). All Steem does is create coins out of thin air (which are supposed to suddenly have value, but really where does that value come from?? economically it makes zero sense lol) and then it's "users" aka "whales" get to chose who gets the new coins aka "their alt accounts/friends". The system is inherently flawed to begin with lol, where does the value come from?

Also, Why monetize social media? If the idea is that paying users means they will create better content, that's not true at all. If anything it's the opposite. I can promise the content I posted on Steem was not "better" by any means, It was more like fishing. I just kept posting shit until something finally paid off lol. If anything it increases spam/duplicate content, because after all, it's much harder to do something for free than it is under the guise of getting paid.

Steem makes no sense to me lol, it's a useless machine handing out coins that should technically have no value.

I don't think any of the social marketing coins are a very solid idea. I don't think social media should be monetized. But, at least Synereo is trying to tackle a verifiably profitable business model (FB/IG/SC/TWTR).

The comment about USD was because the average person would be like "wtf is an amp, and how do I get money out of it?". If you are targeting 250m Russians, the easiest path is going to win. If you have to teach every completely new user about bitcoin, exchanges, how to store/utilize this new currency, most people are going to just blow it off lol. Why not just pay in Fiat/Giftcards like all of the other pay-to-watch sites already on the market dominating the space if the true goal was mass adoption? (hint: the goal isn't mass adoption, it never is).

:P good luck though man, I'm sure it might pump well. I am just not seeing Steem's model as a sustainable one (well I suppose they can give out free coins forever, I just don't see them being valuable for long in that case)

Also, if someone powerful wants something down, it doesn't matter if it's on Steem, FB, Synereo, Reddit, 4Chan, and even with work, the dark web, they can and will get it removed. As for advertisers not wanting to advertise on their content, that'd be the posters loss for creating content that can't be utilized. This is the only business model where you are actually contributing to society... Instead of just spamming steem in hopes a whale will upvote your post so you get free coins... coins that no one paid for that should technically be worth nothing.



Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: hheby on May 20, 2017, 11:28:40 AM
Even if I'm bullish on Golos, I don't think eggs should be put in one basket, so you should diversify your investment.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: tehMoonwalker on May 20, 2017, 11:29:52 AM
i hope you mean the headline to make your point not rly doing it, besides from that a high quality analysis that i agree on and wish there would be more of this on this bord besides shill and fud


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 20, 2017, 02:16:55 PM
Regarding ads  -why would they run ads and receive USD? This is the same business model as traditiuonal social media platforms. Then you have to deal with the problems of people running adblockers. Hundreads of millions of internet users use adblockers today  - something that barely had an traction until a few years ago.

Running ads also comes with other problems e.g. censorship etc.

You can't have a true 'free speech' platform thats funded by ads and USD as advertisers have rules about where they want their content run. There's also increasingly
problems with ad fraud.

Using a crypto coin like Golos gets around all these problems.


Well, I was just saying that atleast with Synereo the money is coming from something that's actually considered of value (ad views, giving advertisers more sales). All Steem does is create coins out of thin air (which are supposed to suddenly have value, but really where does that value come from?? economically it makes zero sense lol) and then it's "users" aka "whales" get to chose who gets the new coins aka "their alt accounts/friends". The system is inherently flawed to begin with lol, where does the value come from?

Also, Why monetize social media? If the idea is that paying users means they will create better content, that's not true at all. If anything it's the opposite. I can promise the content I posted on Steem was not "better" by any means, It was more like fishing. I just kept posting shit until something finally paid off lol. If anything it increases spam/duplicate content, because after all, it's much harder to do something for free than it is under the guise of getting paid.

Steem makes no sense to me lol, it's a useless machine handing out coins that should technically have no value.

I don't think any of the social marketing coins are a very solid idea. I don't think social media should be monetized. But, at least Synereo is trying to tackle a verifiably profitable business model (FB/IG/SC/TWTR).

The comment about USD was because the average person would be like "wtf is an amp, and how do I get money out of it?". If you are targeting 250m Russians, the easiest path is going to win. If you have to teach every completely new user about bitcoin, exchanges, how to store/utilize this new currency, most people are going to just blow it off lol. Why not just pay in Fiat/Giftcards like all of the other pay-to-watch sites already on the market dominating the space if the true goal was mass adoption? (hint: the goal isn't mass adoption, it never is).

:P good luck though man, I'm sure it might pump well. I am just not seeing Steem's model as a sustainable one (well I suppose they can give out free coins forever, I just don't see them being valuable for long in that case)

Also, if someone powerful wants something down, it doesn't matter if it's on Steem, FB, Synereo, Reddit, 4Chan, and even with work, the dark web, they can and will get it removed. As for advertisers not wanting to advertise on their content, that'd be the posters loss for creating content that can't be utilized. This is the only business model where you are actually contributing to society... Instead of just spamming steem in hopes a whale will upvote your post so you get free coins... coins that no one paid for that should technically be worth nothing.



I really don't follow what you're saying about the value part. You're saying coins are created out of thin air. Well look at all the POS coins. Where do they come from? Where does the USD come from? Thin air! The Federal Reserve prints it and tells us it has a value. Its backed up by absolutely nothing. At least Golos is backed up by a network with a use case.

POW coins like bitcoins have inbuilt problems like centralization by Chinese mining farms and scaleability.

And its not whales that are choosing accounts. Its people either creating content, curating or speculating. Thats a much better distribution model than 95% of other cryptos where the people that get the coins are either developers (premines) and speculators (people that pay fiat money for the coins). Yes some coins have airdrops like Byteball but this brings other problems too

Sure neither system is perfect distribution, but I'd rather take that of Golos than most other coins. At least Golos is bringing people into the crypto space that have never heard of it. Same with Steemit. How many other coins do that?

Why monetize social media? Why monetize anything then?! Because people have bills to pay and thats the world we live in  :D


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 20, 2017, 02:19:06 PM
i hope you mean the headline to make your point not rly doing it, besides from that a high quality analysis that i agree on and wish there would be more of this on this bord besides shill and fud

thank you for noting my analysis  :)

I'm enjoying this thread. I put my investment thesis out in public and am getting both positive and negative feedback.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: thejaytiesto on May 20, 2017, 02:59:06 PM
I just cloned the internet, do you want to cancel your regular internet and join the bananonet?

You can post in russian on STEEM too

https://steemit.com/@blockchained



You could post in any language on Steem or any language on any other social platform. Thats not the point.

Golos is Russian only - e.g. its all Russian, the user controls, interface, focus of stories etc.

Its far more attractive for the 260 million Russian speakers to use Golos vs another English centred social media platforms.

But because its Russian it hasn't had much crypto investment.

Look at all the crypto coins that have market caps of above $20 million and pretty much zero real world use. Most crypto coins aren't even used day to day, the price is pure speculation. Golos has a growing userbase, and its only 4 months old.

Many people who use Golos and Steemit didn't even know what crypto was before they started using the platform. How many crypto currencies can say this? I don't know of any others - feel free to correct me if I'm wrong


But pretty sure Steemit could detect the IP of the user and automatically translate all controls of the layout into whatever language the IP is from (or manually set it if you are using a VPN)

You could argue that there are social media like VK that are huge in Russia only, but this is crypto, maybe people don't want to be bothered with holding an extra token if Steemit can deliver the same service.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 20, 2017, 03:15:27 PM



But pretty sure Steemit could detect the IP of the user and automatically translate all controls of the layout into whatever language the IP is from (or manually set it if you are using a VPN)

You could argue that there are social media like VK that are huge in Russia only, but this is crypto, maybe people don't want to be bothered with holding an extra token if Steemit can deliver the same service.
[/quote]

Based on that idea, why does VK exist - the biggest social media website in Russia? It has over 400 million users worldwide https://en.wikipedia.org/wiki/VK_(social_networking_website)

Why didn't Facebook just detect the IP address of Russian users and give them Russian controls?

Golos is gaining traction in Russia because its built for Russians by Russians. Makes a big difference.



Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: alyssa85 on May 20, 2017, 03:22:51 PM
Golos is due a pump, that's for sure. But they're on Bittrex and it doesn't attract as many pumps as coins on Poloniex (though nearly dead coins like Reddcoin had a recent pump on Bittrex, so anything is possible).

If Golos could get themselves listed on more exchanges, they have more of a chance of being pumped.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 20, 2017, 04:14:27 PM
Golos is due a pump, that's for sure. But they're on Bittrex and it doesn't attract as many pumps as coins on Poloniex (though nearly dead coins like Reddcoin had a recent pump on Bittrex, so anything is possible).

If Golos could get themselves listed on more exchanges, they have more of a chance of being pumped.

I'm not so sure its due a pump, I more believe its simply undervalued. I believe the price will increase once people do the math and realize how undervalued Golos is vs other alt coins.

Also - Bittrex trading volumes have increased hugely during the past few months. I remember in early March 2017 Bittrex was doing about 2,000 BTC volume a day (when BTC was worth about $1,200).

Now Bittrex is doing about 35,000 BTC a day when BTC is worth about $2,000.

Thats a USD trading volume increase of about 30,000% in less than 3 months. There's no lack of volume on Bittrex





Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 20, 2017, 04:18:02 PM
Because of your careful analysis, I decided to buy some fork coins for Russian Steemit ;D ;D

Thanks for the props for my analysis  :D

It seems that there are many people that agree with me that its underpriced


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: btbrae on May 20, 2017, 06:43:46 PM
Ehhh OP, never go full retard.

Although Golos looks to have better development and will probably overtake Steemit, which seems to have been abandoned on the development front as the founders seem to have all cashed out and moved on.

The idea was good, it just needs a good Captain.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: TheWallStreetCrew on May 20, 2017, 06:45:06 PM
Because of your careful analysis, I decided to buy some fork coins for Russian Steemit ;D ;D

Thanks for the props for my analysis  :D

It seems that there are many people that agree with me that its underpriced

The price is falling for the last few days. Falling in an up market at that.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 20, 2017, 08:30:13 PM
Because of your careful analysis, I decided to buy some fork coins for Russian Steemit ;D ;D

Thanks for the props for my analysis  :D

It seems that there are many people that agree with me that its underpriced

The price is falling for the last few days. Falling in an up market at that.

Thats an awful attempt at a FUD

The market cap increased from $3.7 million May 18 to $7.5 million May 20  - screenshot http://prntscr.com/fa5lgj

So the price of Golos has increased 102% in only two days. In the same time period alt coins have gone up about 15.3% - screenshot http://prntscr.com/fa5o5m

Please explain your math?



Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 20, 2017, 08:32:50 PM
Ehhh OP, never go full retard.

Although Golos looks to have better development and will probably overtake Steemit, which seems to have been abandoned on the development front as the founders seem to have all cashed out and moved on.

The idea was good, it just needs a good Captain.

I don't know if what you say about Steemit is true. If so it makes Golos look even more underpriced, as if this is the case Steemit has a market cap of $280 million without a development team, and Golos is only priced at $7.5 million with a development team


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: Ockin on May 21, 2017, 10:38:57 AM
Hey,

Sorry to ask a really stupid question, but what wallets are you using to store golos? Are they stored in steem wallets?


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: bitbob82 on May 21, 2017, 03:03:39 PM
Even if I'm bullish on Golos, I don't think eggs should be put in one basket, so you should diversify your investment.
yes that is a wise decission, as i am very confident that the price of bitcoin is expected to increase, as still there is more potential in the price of bitcoin but still i am not going to put all my coins in one place.  will like to put my coins in different places.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: thejaytiesto on May 21, 2017, 03:11:27 PM



But pretty sure Steemit could detect the IP of the user and automatically translate all controls of the layout into whatever language the IP is from (or manually set it if you are using a VPN)

You could argue that there are social media like VK that are huge in Russia only, but this is crypto, maybe people don't want to be bothered with holding an extra token if Steemit can deliver the same service.

Based on that idea, why does VK exist - the biggest social media website in Russia? It has over 400 million users worldwide https://en.wikipedia.org/wiki/VK_(social_networking_website)

Why didn't Facebook just detect the IP address of Russian users and give them Russian controls?

Golos is gaining traction in Russia because its built for Russians by Russians. Makes a big difference.


[/quote]

Well I guess its all about network effect and it operates different in russia, so if golos manages to gain traction and find a niche within the russian market then it can have success in VK style.

Im staying out tho, i cant take more high risks for the time being, im already holding some bags and dont want to risk more btc.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: coin-investor on May 21, 2017, 03:30:52 PM
I don't know but this is an idiot like thinking so many coins that could make a lot of profit,I know Golos is also good but how good compare to Bitcoin,Eth and Ripple and litecoin,putting trust in one coin is like an idiot .


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: Pamadar on May 21, 2017, 03:35:03 PM
I don't know but this is an idiot like thinking so many coins that could make a lot of profit,I know Golos is also good but how good compare to Bitcoin,Eth and Ripple and litecoin,putting trust in one coin is like an idiot .
likewise mate, there's a lots of coins out there and trusting all of your investment into one particular coin will let you risk your money
better to split it up and watch which is which that will make a good profits in return but it's still up to you OP just a matter of trust and
instinct.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 21, 2017, 05:42:12 PM
I don't know but this is an idiot like thinking so many coins that could make a lot of profit,I know Golos is also good but how good compare to Bitcoin,Eth and Ripple and litecoin,putting trust in one coin is like an idiot .
likewise mate, there's a lots of coins out there and trusting all of your investment into one particular coin will let you risk your money
better to split it up and watch which is which that will make a good profits in return but it's still up to you OP just a matter of trust and
instinct.

Marc Cuban is worth $3.4 billion and says 'diversification is for idiots' https://youtu.be/u5Pp1HEKSPM?t=3m17s



Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: missmarvel on May 22, 2017, 02:26:59 AM
Your calculations do make sense in terms of Golos being way undervalued compared with Steemit (39x less today). Given that Golos is basically the same as Steemit but for Russians, it stands to reason that the price differentiation should be more like 4x as you say. I'm intrigued.

Whats an example of a Youtube channel pointing people in the direction of Steemit that you mentioned?


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: fortunecrypto on May 22, 2017, 02:50:59 AM
Quote
Let me know you're thoughts. If you think I'm an idiot then please back up your viewpoint with data 

No you are not an idiot maybe you know the people behind this project and you are 100% trust them that they will do everything to make this coin on top,I have been to your shoes before on some of the early coin I've invested,but you will find that before you get rich to that coin,the coins that you sold could have make you rich much earlier than Golos.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gribble on May 22, 2017, 03:02:29 AM
Never put all of your eggs in 1 basket. That is one of the most basic rules of investing.
I agree with you because in all of instrument investments there is risk losing money we must manage the risk
not put all of money on one coin, although we have made analysis about the coin.
But actually there are no people who know about the future and what will happen in the future.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: mbakruroh on May 22, 2017, 03:41:36 AM
You must have your own reasons why you sell altcoin and replace it with golos as an investment. Maybe you feel you need another coin as a place of investment not just on one particular coin


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 22, 2017, 03:06:10 PM
Booya playa!

Congrats on your 100% gain while STEEM rose only 10%

Don't hate the player...

thanks

Still early days though. Golos should be about 25% the market cap of Steem, so about $60 million odd.

The current Golos market cap is about $7 million. So there's still insane growth to come......


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 22, 2017, 06:38:53 PM
Your calculations do make sense in terms of Golos being way undervalued compared with Steemit (39x less today). Given that Golos is basically the same as Steemit but for Russians, it stands to reason that the price differentiation should be more like 4x as you say. I'm intrigued.

Whats an example of a Youtube channel pointing people in the direction of Steemit that you mentioned?


For example this Youtube channel https://www.youtube.com/watch?v=iz_NoTG9yYk - screenshot http://prntscr.com/fauu2b

There are 168,000 subscribers to this channel, and it's actively trying to get people to use Steemit instead.

I've seen other channels too, its a trend. Its helping Steemit and Golos grow in traction



Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: missmarvel on May 23, 2017, 02:09:08 PM
Your calculations do make sense in terms of Golos being way undervalued compared with Steemit (39x less today). Given that Golos is basically the same as Steemit but for Russians, it stands to reason that the price differentiation should be more like 4x as you say. I'm intrigued.

Whats an example of a Youtube channel pointing people in the direction of Steemit that you mentioned?


For example this Youtube channel https://www.youtube.com/watch?v=iz_NoTG9yYk - screenshot http://prntscr.com/fauu2b

There are 168,000 subscribers to this channel, and it's actively trying to get people to use Steemit instead.

I've seen other channels too, its a trend. Its helping Steemit and Golos grow in traction



So is Golos trying to compete with Youtube or any social network in particular?

Facebook, Youtube, Twitter etc are so big, I would have thought it would be hard to get users to use other networks, especially for as crypto currencies don't exactly have big marketing budgets


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 23, 2017, 07:48:46 PM
Your calculations do make sense in terms of Golos being way undervalued compared with Steemit (39x less today). Given that Golos is basically the same as Steemit but for Russians, it stands to reason that the price differentiation should be more like 4x as you say. I'm intrigued.

Whats an example of a Youtube channel pointing people in the direction of Steemit that you mentioned?


For example this Youtube channel https://www.youtube.com/watch?v=iz_NoTG9yYk - screenshot http://prntscr.com/fauu2b

There are 168,000 subscribers to this channel, and it's actively trying to get people to use Steemit instead.

I've seen other channels too, its a trend. Its helping Steemit and Golos grow in traction



So is Golos trying to compete with Youtube or any social network in particular?

Facebook, Youtube, Twitter etc are so big, I would have thought it would be hard to get users to use other networks, especially for as crypto currencies don't exactly have big marketing budgets


Golos isn't about trying to compete with any social network. Its not really a social network in the sense of Facebook etc.

Everytime you use Facebook, Youtube etc you are selling your eyeballs to advertisers.

All that content you publish on Facebook - you are selling your time for basically nothing! Facebook is selling YOU to advertisers, and what do you get in return? Nothing!

On Youtube, even if you run ads, Youtube keeps about 30% of revenue. Its an awful deal. AND its a bad experience for the end user as people don't want to watch adverts. Thats why ad blockers are becoming so popular.

The point of Golos is that it rewards you for content that you produce, and it doesnt annoy readers with adverts. There is no other network like it that rewards content producers so well financially, nor do you need to annoy readers running adverts. Thats why content producers are moving to it. Its a better experience for end users (no adverts) and better for content producers (they earn more money without annoying users with adverts). These are still very early days, which is why Golos is cheap.

Remember Golos has only been around for about 4 months.



Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: avfcpieface on May 23, 2017, 08:00:20 PM
Very interesting thread. Thank you for sharing.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: missmarvel on May 24, 2017, 03:26:12 PM
Ok I get it. Does Golos have any plans for an English interface?

If you don't speak Russian you can't exactly do any research on it as the website is all written in Russian. Its probably discouraging people from putting any money into it


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: qiwoman2 on May 24, 2017, 03:53:14 PM
I personally would prefer to diversify my portfolio as much as I can and just hold bags for the next two years and retire. GOLOS in Greek means butt which is quite amusing but it sounds exotic anyway in English. Where can I get some of it as it has nice upside potential as you put it and plenty of room for capital growth?


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 24, 2017, 04:32:54 PM
I personally would prefer to diversify my portfolio as much as I can and just hold bags for the next two years and retire. GOLOS in Greek means butt which is quite amusing but it sounds exotic anyway in English. Where can I get some of it as it has nice upside potential as you put it and plenty of room for capital growth?

haha really? Golos in Russian means 'votes' or something similar. Votes/butts - all good  8)

anyway for me Golos is high risk, high reward. Its up to you whether you invest or not.

If not enough people don't see how underpriced it is, then it might not be a good buy. Because its Russian most people don't even consider buying it.

But if whales realise that it should have a market cap of 25% that of Steem which would give it a market cap of about $75 million on todays valuations then it should be a good buy.

Obviously I think the risk vs reward is worth it, but its not for everyone.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 24, 2017, 07:29:02 PM
Ok I get it. Does Golos have any plans for an English interface?

If you don't speak Russian you can't exactly do any research on it as the website is all written in Russian. Its probably discouraging people from putting any money into it

No it doesn't have an English interface. If it did it would be called Steem and have a market cap of $300+ million  :D Thats why I believe its so undervalued.

Look at the ratio of trading volume to market cap for Golos - screenshot http://prntscr.com/fbohsf

Its only doing $45,000 of volume, but has a current market cap of $10.7 million. That tells you that people holding Golos aren't selling - hence why its up 22% today.

Then look at of the large market cap coins like monero http://prntscr.com/fboj75

Its gained 17% today, but that gain required $90 million in trading volume, and the market cap is $800 million odd. So its trading volume was over 10% of its market cap, but still only gained 17%. That shows that there were a lot of people holding Monero that wanted to sell - ie a lack of confidence in it.

Golos is up 22% despite its trading volume being less than 1% of its market cap. Which shows people holding Golos don't want to sell. And if people don't want to sell, prices increase.

I'm more convinced than ever I made the right move selling every all my other alts and holding only Golos





Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: missmarvel on May 25, 2017, 03:14:13 PM
Ok I get it. Does Golos have any plans for an English interface?

If you don't speak Russian you can't exactly do any research on it as the website is all written in Russian. Its probably discouraging people from putting any money into it

No it doesn't have an English interface. If it did it would be called Steem and have a market cap of $300+ million  :D Thats why I believe its so undervalued.

Look at the ratio of trading volume to market cap for Golos - screenshot http://prntscr.com/fbohsf

Its only doing $45,000 of volume, but has a current market cap of $10.7 million. That tells you that people holding Golos aren't selling - hence why its up 22% today.

Then look at of the large market cap coins like monero http://prntscr.com/fboj75

Its gained 17% today, but that gain required $90 million in trading volume, and the market cap is $800 million odd. So its trading volume was over 10% of its market cap, but still only gained 17%. That shows that there were a lot of people holding Monero that wanted to sell - ie a lack of confidence in it.

Golos is up 22% despite its trading volume being less than 1% of its market cap. Which shows people holding Golos don't want to sell. And if people don't want to sell, prices increase.

I'm more convinced than ever I made the right move selling every all my other alts and holding only Golos





I heard that the Monero pump a few days ago was the result of some kind of false announcement that Fluffy from Monero made. Its annoyed a lot of people in the Monero community. Apparently he did it as a joke but when people have a lot of money on the line its less funny  :(

Anyway I see your point about Golos trading volumes


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: secretservice on May 25, 2017, 03:18:48 PM
Maybe there will be some pump, but given the conditions in the alts market, I'd say it's an extremely risky decision to put some money into it.
Even coins with good fundamentals, like Monero, are falling in price.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: chutchmcgillicutty on May 25, 2017, 03:38:21 PM
no risk no reward. go for it man


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 28, 2017, 05:23:07 AM
no risk no reward. go for it man

thanks, my thoughts too.

Golos is nearly back to the pre correction price already. Most cryptos dropped more. I'm still feeling confident  :D


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: qiwoman2 on May 28, 2017, 05:47:32 AM
Can you Guys tell me where GOLOS is traded and if there is an OP for it even though it's a Russian coin? I wouldn't mind buying a little stash and forgetting about it for a year or so. I am more of a person who likes to baghold something for long term.  :) Do you think there will be an English interface added also?


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: megashira1 on May 28, 2017, 08:09:29 AM
Never put all of your eggs in 1 basket. That is one of the most basic rules of investing.

No risk no reward my friend. Some of the greatest fortunes of all time have been made by people going all in. These people were visionaries and believed to their very core the success of said investments.

Seemed to work out pretty well for Roger Ver has it not? Still holding his 300 000 BTC through all these ups and downs.

The rule you mention is for those who take advice from others and cant think for themselves.

All in or all out; don't half ass something if you truly believe in it and are able to see the impact it can have on the world in the future.



Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: xiaohang07 on May 28, 2017, 01:30:16 PM
Need to be careful when you are all in a single coin.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 28, 2017, 04:24:33 PM
Never put all of your eggs in 1 basket. That is one of the most basic rules of investing.

No risk no reward my friend. Some of the greatest fortunes of all time have been made by people going all in. These people were visionaries and believed to their very core the success of said investments.

Seemed to work out pretty well for Roger Ver has it not? Still holding his 300 000 BTC through all these ups and downs.

The rule you mention is for those who take advice from others and cant think for themselves.

All in or all out; don't half ass something if you truly believe in it and are able to see the impact it can have on the world in the future.



thanks those are my thoughts.

The simple truth is, I did my research and believe Golos is the most undervalued crypto coin on the market. People laugh at me because its Russian etc others comment that I should not have all my eggs in one basket. Of course I understand this viewpoint, its normal investment advice. But normal investment advice doesnt get you rich quick.

If Roger Ver had visited an investment adviser, he would have told him to sell 95% of his bitcoins when the bitcoin price was $4 because of the risk and volatility. Diversifying makes you less likely to get rich.

If Roger Ver had diversified he would probably be worth like 95% less than he is today.

Getting rich quick isn't exactly a noble reason, but its my goal. Holding Golos will make me rich


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: BitWhale on May 28, 2017, 09:13:09 PM
Are you rich yet?

Live by the Golos, Die by the Golos! :D


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 29, 2017, 04:15:29 PM
Are you rich yet?

Live by the Golos, Die by the Golos! :D

haha I like that!

Golos is my sword, I hope it doesn't kill me  :D

I'm not rich yet, but its going to happen with Golos


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: BitWhale on May 29, 2017, 04:34:29 PM
Are you rich yet?

Live by the Golos, Die by the Golos! :D

haha I like that!

Golos is my sword, I hope it doesn't kill me  :D

I'm not rich yet, but its going to happen with Golos

Well things are starting to rebuild, I doubt you will be killed when it's such a small marketcap anyways. Lots of opportunity if things play out right. Keep holding with conviction man!


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: Rahar02 on May 29, 2017, 04:40:38 PM
Remember you should never put all your eggs in one basket, you probably should only move like 5% of your portfolio into any coin, but it's your money.

Good luck.

I also own a small business, so its not like all my eggs are in one basket. Just lots of them  8)

I hope you were right to put lots of your funds into golos coin, I just came to know about this coin, thanks for share and the data of course. Need more time to read about it and learn the market, whether it will be like your prediction or something else. How long you think it would be, like make you rich with your current investment if its going to happen with golos?


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: death69 on May 29, 2017, 06:17:50 PM
no risk no reward. go for it man
I agree with you. The more risk you take, the more profit you can earn. A little lose will give your more experience in this field


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 29, 2017, 11:34:52 PM
Remember you should never put all your eggs in one basket, you probably should only move like 5% of your portfolio into any coin, but it's your money.

Good luck.

I also own a small business, so its not like all my eggs are in one basket. Just lots of them  8)

 How long you think it would be, like make you rich with your current investment if its going to happen with golos?

Good question. I think if this current crypto bull market continues then the market will realise soon enough that Golos is undervalued. Maybe 1-2 months.

However if we enter a bear market then btc and most alt coins will correct sharply including Golos, and I don't think the Golos pump will happen during this time. What do you think?



Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: Patinix on May 29, 2017, 11:37:54 PM
OP, do you still believe in this - and is it too late to invest?


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: Rahar02 on May 30, 2017, 05:17:16 AM
How long you think it would be, like make you rich with your current investment if its going to happen with golos?

Good question. I think if this current crypto bull market continues then the market will realise soon enough that Golos is undervalued. Maybe 1-2 months.

However if we enter a bear market then btc and most alt coins will correct sharply including Golos, and I don't think the Golos pump will happen during this time. What do you think?

Yeah, as bear market could emerge at any time but if golos really has potential then it should rise.
About how long, I think you already stated it ; So the market cap of Golos is about 53 times smaller than Steemit, but there are only 3.8 more English speakers than Russian speakers. All other things being equal the market cap of Golos should be 3.8 times smaller than Steemit, so $56 million (instead of the current $4 million)

Steemit is about 13 months old
Golos is about 4 months old


Which means 13-4 = 9 months, consider how a coin could grow based on market movement and demands, at least you should wait for 9 months later (like waiting for the birth of a child, but here for your wealth).
But it may depend on your funds that has been invested, if you don't mind, may I ask how much your investment in golos? maybe just say around $5,000 without exact number. And how much I have to invest which could make me at least closer to become rich? ;D


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 30, 2017, 11:23:13 AM
OP, do you still believe in this - and is it too late to invest?

On my calculations its still very early.

The market cap of Golos is still only 8% of Steem, when I believe it should be 20-25%


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 30, 2017, 11:30:30 AM
How long you think it would be, like make you rich with your current investment if its going to happen with golos?

Good question. I think if this current crypto bull market continues then the market will realise soon enough that Golos is undervalued. Maybe 1-2 months.

However if we enter a bear market then btc and most alt coins will correct sharply including Golos, and I don't think the Golos pump will happen during this time. What do you think?

 if you don't mind, may I ask how much your investment in golos? maybe just say around $5,000 without exact number. And how much I have to invest which could make me at least closer to become rich? ;D


I've got significantly more than $30,000 in Golos, thats all the cash I have.

I  don't know how much you could invest, it depends on your definition of being rich

N.B. Investing is your decision, not mine! All crypto currencies btc included carry significant risk. But no risk, no reward   :D


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: alyssa85 on May 30, 2017, 01:04:53 PM
Can you Guys tell me where GOLOS is traded and if there is an OP for it even though it's a Russian coin? I wouldn't mind buying a little stash and forgetting about it for a year or so. I am more of a person who likes to baghold something for long term.  :) Do you think there will be an English interface added also?

It's traded on Bittrex:

https://bittrex.com/Market/Index?MarketName=BTC-GOLOS


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on May 31, 2017, 03:29:30 PM
Can you Guys tell me where GOLOS is traded and if there is an OP for it even though it's a Russian coin? I wouldn't mind buying a little stash and forgetting about it for a year or so. I am more of a person who likes to baghold something for long term.  :) Do you think there will be an English interface added also?

It's traded on Bittrex:

https://bittrex.com/Market/Index?MarketName=BTC-GOLOS

until recently there appeared to be the idea that coins needed to be traded on Poloniex to make it big. Maybe this held some truth a while ago, but certainly not anymore. Bittrex does daily volumes of 34,000 btc currently, and its been has high as 50,000. Up from only 2,000 in February 2017.

Large coins like Waves arent on Poloniex have markets caps of several hundred million USD

For Golos to reach $60+ million I dont think not being traded on Poloniex will matter


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on June 05, 2017, 02:33:54 PM
As I predicted in my OP, Golos is steadily catching up on Steem  :)

As of June 5 it is currently 5% of the market cap of Steem (still way below the 20-25% it should be)

Daily trading volumes of Golos have never been anywhere close to this high.

The past 24 hours trading volumes hit $155,000, nearly 3x higher than the previous spike a few weeks ago

Remember that this year Golos has underperformed the alt coin market.

It hit $10 million in February briefly, and is currently priced at $19 million. Some alt coins have gone up 50x or more during the past 4-5 months, where as Golos is up only 2x. Thus I still feel the potential downside of Golos is much lower than most other alt coins as its not in a huge bubble, whilst its potential upside is higher due to the Steem price mismatch.





Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: alyssa85 on June 05, 2017, 03:05:37 PM
I think when you first opened this thread, Golos was at about 2000 satoshis - it's now at 5700 satoshis. So you've almost tripled your money. Well done!


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gerad09 on June 05, 2017, 05:52:11 PM
Never put all of your eggs in 1 basket. That is one of the most basic rules of investing.
True, better invest in atleast 3-5 coins because then it's more chances to make it to the Moon :D


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on June 06, 2017, 02:21:09 PM
I think when you first opened this thread, Golos was at about 2000 satoshis - it's now at 5700 satoshis. So you've almost tripled your money. Well done!

thanks, but it is still very early days

Steem is still 21x the value of Golos when it should be 4-5x from my calculations in the OP

The risk/reward of Golos is still much higher than any other crypto coin I see, which is why I remain 100% invested in Golos only  :D





Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: thompshma on June 06, 2017, 03:49:16 PM
What do you think is the ceiling in the next few months?


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: ppc.pt on June 06, 2017, 06:16:59 PM
I've come to the conclusion that Golos http://coinmarketcap.com/currencies/golos/ is massively undervalued. For this reason I've decided to sell all my other alt coins and put everything into Golos. Here's why:


Good luck with that...

P.S.: Always diversify


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on June 06, 2017, 07:06:17 PM
What do you think is the ceiling in the next few months?

There is no ceiling whilst the platform gains increasingly large numbers of users.

Just look a Steem today - screenshot http://prntscr.com/fgoecn

This post has earned nearly $5,000 and it was only posted yesterday https://steemit.com/blog/@darthnava/fellow-steemers-i-need-help-as-my-mri-results-are-not-encouraging

People are starting to earn $1,000 plus for posting content!

I've never see high engagement levels. Don't forget Golos has only existed since January 2017

Steem is up more than 50% today. I'm thinking of getting a bank loan to put more into Golos.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: BitWhale on June 06, 2017, 11:53:54 PM
What do you think is the ceiling in the next few months?

There is no ceiling whilst the platform gains increasingly large numbers of users.

Just look a Steem today - screenshot http://prntscr.com/fgoecn

This post has earned nearly $5,000 and it was only posted yesterday https://steemit.com/blog/@darthnava/fellow-steemers-i-need-help-as-my-mri-results-are-not-encouraging

People are starting to earn $1,000 plus for posting content!

I've never see high engagement levels. Don't forget Golos has only existed since January 2017

Steem is up more than 50% today. I'm thinking of getting a bank loan to put more into Golos.

Only get that loan if you are willing to pay it back if things go south. I've known a few people that were "so sure" litecoin was going to $200 back in 2013 and took out a mortgage on their house. You can guess how that went.

So all I'm saying is, just make sure the risk matches the reward. Don't do anything crazy :P


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: Lankster on June 07, 2017, 12:28:04 AM
Good work in finding a bargain...


But to just assume that Golos will work with Russians as Steem it has with English users is pretty damn foolish.

Dont put all ur eggs in one basket friend.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on June 07, 2017, 03:11:15 PM
Good work in finding a bargain...


But to just assume that Golos will work with Russians as Steem it has with English users is pretty damn foolish.



I'm not assuming. I can see for myself that Golos is gaining popularity by looking at the number of posts, comments, curators etc. Same as I can see with Steem

Golos is a much safer bet than other alt coins that have zero traction anywhere yet have market caps above $200 million based on pure speculation


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: TGJJ on June 09, 2017, 01:10:31 AM
Credit to the OP of this thread. The price of Golos has increased 380% since the original post was made on May 18.

During that time the combined alt coin market is up only 71%, so the belief that Golos is underpriced seems to be true




Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on June 09, 2017, 05:51:35 PM
Credit to the OP of this thread. The price of Golos has increased 380% since the original post was made on May 18.

During that time the combined alt coin market is up only 71%, so the belief that Golos is underpriced seems to be true




thanks  :D

Interestingly also is that since I made the OP on May 18 Steem is up 189% too.

Sure not as much as Golos, but both coins have really outperformed the market recently.

I think they are getting more investment because they actually have traction and its growing - ie people using them how they are designed, instead of their price being pure speculation.

As crypto markets increase in value I believe coins that actually have some traction are going to get more investment. And there are currently very few cryptos with traction


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on June 11, 2017, 07:01:14 PM
Just seen a video where the the founder of World Alternative Media, Josh Sigurdson states he believes platforms like Steem / Golos will be the future of social media https://youtu.be/qcvDDwN1bGQ?t=9m40s

Given that Josh runs his own media company I believe this is a strong vote of confidence


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: serejandmyself on June 22, 2017, 08:04:44 PM
Hey guys updates the English topic. Would love to see some comments

https://bitcointalk.org/index.php?topic=1760370.msg19692984#msg19692984


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on July 05, 2017, 07:55:04 PM
Unless you speak Russian Golos is obviously hard to analyse  :P

As such I hired a Russian contractor on Fiverr to analyse some of the content on Golos.io I did this a while back before I invested, but I'm doing it again.

I want to review the quality of articles / user engagement etc.

You can see his findings in this spreadsheet https://docs.google.com/spreadsheets/d/1CXVats29VieNHgl9j9AqE3tfuEF89Y855-PmjUMO0v0/edit?usp=sharing


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: stripykitteh on July 05, 2017, 07:58:21 PM
Just seen a video where the the founder of World Alternative Media, Josh Sigurdson states he believes platforms like Steem / Golos will be the future of social media https://youtu.be/qcvDDwN1bGQ?t=9m40s

Given that Josh runs his own media company I believe this is a strong vote of confidence
People say those kind of things all the time, whether they decide to build that it is entirely up to them and the people that invested in the project. Thereís a large amount of coins out there that featured a Social Media platform though they didnít really do to well after a few months.

They might be trying to build a stronger Social Media platform though I know that most people that use Bitcoin like to stay anonymous.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on July 05, 2017, 08:04:39 PM
Just seen a video where the the founder of World Alternative Media, Josh Sigurdson states he believes platforms like Steem / Golos will be the future of social media https://youtu.be/qcvDDwN1bGQ?t=9m40s

Given that Josh runs his own media company I believe this is a strong vote of confidence
People say those kind of things all the time, whether they decide to build that it is entirely up to them and the people that invested in the project. Thereís a large amount of coins out there that featured a Social Media platform though they didnít really do to well after a few months.

They might be trying to build a stronger Social Media platform though I know that most people that use Bitcoin like to stay anonymous.


What other coins have a social media platform and have traction?


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on July 10, 2017, 01:35:48 PM
I've noticed that Golos isn't correcting nearly as much as other alt coins https://snag.gy/sokHea.jpg

Its all time high was around $0.17 and its currently at $0.13. Not much difference.

Many other alt coins are 60-70% plus down on their all time high

It seems that Golos was one of the few alt coins that wasnt overbought during the bull run


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: serejandmyself on July 10, 2017, 09:42:42 PM
I've noticed that Golos isn't correcting nearly as much as other alt coins https://snag.gy/sokHea.jpg

Its all time high was around $0.17 and its currently at $0.13. Not much difference.

Many other alt coins are 60-70% plus down on their all time high

It seems that Golos was one of the few alt coins that wasnt overbought during the bull run

🎅🏻😎🎢


Title: Re: Why I'm selling all my alts coins and putting everything into Golos
Post by: Zer0Sum on July 10, 2017, 10:09:43 PM
One thing to consider is platforms like Steemit need a userbase to thrive since a lack of activity is boring so it isn't just a linear calculation of this many users should equal a certain market cap. It is a compounding effect.

It's not linear, it's approximately exponential see Metcalfe's Law...
So if Steem has 7x activity, it should be worth 49x more... which it is. Amazing.

Also, the Steem business model fails to attract professional writers...
Experts with a brand that actually know something about a subject are not gonna play a lottery.


Title: Re: Why I'm selling all my alts coins and putting everything into Golos
Post by: BartS on July 11, 2017, 03:49:19 AM
im sure most folks will be sitting here saying "look at this guy trying to pump his coin/bag" and mabye you are BUT at least you have tried to back it up with info and links unlike most

its definitely an interesting pov you put forward, scholl!! as the vikings used to say
At least he put some effort into it unlike most people that just post buy this coin because I say so, the project has potential, but it is not really a thing that I would invest on.


Title: Re: Why I'm selling all my alts coins and putting everything into Golos
Post by: gentil on July 15, 2017, 04:01:05 PM
One thing to consider is platforms like Steemit need a userbase to thrive since a lack of activity is boring so it isn't just a linear calculation of this many users should equal a certain market cap. It is a compounding effect.

It's not linear, it's approximately exponential see Metcalfe's Law...
So if Steem has 7x activity, it should be worth 49x more... which it is. Amazing.

Also, the Steem business model fails to attract professional writers...
Experts with a brand that actually know something about a subject are not gonna play a lottery.


Steem has maybe 7x the activity, but its been around much longer than Golos.

On what basis are you saying the Steem business model fails to attract professional writers? Its only been around for 1 year!

Also - whilst the business model might not be perfect, its better than publishing on something like wordpress.com, medium.com etc. With Golos at least you have a CHANCE of earning money for publishing content. With other platforms you need to try monetise in other ways.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: cryptohorsee on July 15, 2017, 04:28:56 PM
I got to fully agree with this guy ^ he has a valid points


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: JohnBitCo on July 15, 2017, 05:40:51 PM
If we wanted to have details on everyone's failed Expeditions and we would ask for them. There's no reason for you to share this information we don't need it and we don't need to know what's happening with you when you're losing all of your money.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: MagenDavid on July 16, 2017, 03:05:59 AM
What about the lack or Russian exchanges to Buy Golos ?


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: Sweetbtc on July 16, 2017, 03:30:59 AM
Please keep this to yourself, please do not share this and please simply let us know when you failed and have nothing left and are ready to move on to your next failed project.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: Jeger.Kiting on July 16, 2017, 04:43:38 AM
Please keep this to yourself, please do not share this and please simply let us know when you failed and have nothing left and are ready to move on to your next failed project.

Why are you telling him this, is there anything wrong with him to put him in Golos? I only see in Golos market is not too bad for its reputation there, what it is just my view of Golos.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on July 17, 2017, 09:10:57 PM
Please keep this to yourself, please do not share this and please simply let us know when you failed and have nothing left and are ready to move on to your next failed project.

Why are you telling him this, is there anything wrong with him to put him in Golos? I only see in Golos market is not too bad for its reputation there, what it is just my view of Golos.

Exactly, its amusing people are getting annoyed. I'm not asking anyone to read this thead.

The price of Golos is still far higher than when I bought, but thats not the point. I'm invested for the medium/long term. Its a crypto, the price is going to go up and down a fair bit, all cryptos all volatile.

I put all my money into Golos because I believe its seriously undervalued and nothing has changed. Crypto has corrected a fair bit in the past month, and some people think this is evidence my investment is failing. The same people probably have small money like $5,000 in cryptos and think they are some kind of big smart investor.

Smart people that bought Bitcoin at $25 in 2011 didnt sell when it corrected to $3. My strategy is the same. The fundamentals of Golos havent changed, and its more popular than when I invested.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: serejandmyself on July 18, 2017, 02:59:53 PM
The upcoming hardfork will have golos as the first ever platform that allow to use user issued assets and smsrt coins without commisions


Title: Re: Why I'm selling all my alts coins and putting everything into Golos
Post by: TGJJ on July 24, 2017, 12:28:46 AM
One thing to consider is platforms like Steemit need a userbase to thrive since a lack of activity is boring so it isn't just a linear calculation of this many users should equal a certain market cap. It is a compounding effect.

It's not linear, it's approximately exponential see Metcalfe's Law...
So if Steem has 7x activity, it should be worth 49x more... which it is. Amazing.

Also, the Steem business model fails to attract professional writers...
Experts with a brand that actually know something about a subject are not gonna play a lottery.


Steem has maybe 7x the activity, but its been around much longer than Golos.

On what basis are you saying the Steem business model fails to attract professional writers? Its only been around for 1 year!

Also - whilst the business model might not be perfect, its better than publishing on something like wordpress.com, medium.com etc. With Golos at least you have a CHANCE of earning money for publishing content. With other platforms you need to try monetise in other ways.

On what basis are you applying Mecalfes Law? Or maybe you just think you sound smart saying this....


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: smsohag on July 24, 2017, 01:19:09 AM
I think you must have your own reasons why you sell your altcoin and replace it with golos as investment. Maybe your need another options to exchange.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: MadPanda on July 24, 2017, 04:39:43 AM
Only a fool puts all his eggs in one basket, If you have insider information that makes Golos a win win  more power to you otherwise your my friend are a damn fool.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: rayk on July 24, 2017, 05:05:54 AM
Putting everything in one is not for me especially for such a project, I hope you will not be disappointed.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: nblade98 on July 24, 2017, 09:13:57 AM
Will russians go on bittrex and invest in this? How will the price go up on Bittrex if no russians are going to bittrex?


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: tittensor on July 24, 2017, 10:11:42 AM
LOL, can you give me a clear reason make you do that? I don't know when trading you decisive putting all to an altcoin look like as shitcoin! If this is altcoin potential as Waves, Digibyte, Musicoin, ... I will not say that.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on July 24, 2017, 01:03:51 PM
Will russians go on bittrex and invest in this? How will the price go up on Bittrex if no russians are going to bittrex?

Thats a fair point

I believe Golos will receive much more attention in Russian soon as the platform grows. Thats whats happened with Steem. When Steem launched it got lots of attention from speculators, but not enough people used the platform and the price dropped. But now Steem has lots more users vs last year, and the price is much higher.

Golos is doing the same thing. It launched January 2017 with few users and not much content. Now there are FAR more users. This will get more attention in the Russian media, but it hasnt happened yet. Hence why Golos is still so cheap.

Note though that Russians can buy via Bittrex. I agree that a Russian exchange would be better - this will happen in the future as Golos grows. However Russians with whale money are well educated and often speak sufficient English to buy via Bittrex.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: Calangaman on July 24, 2017, 01:15:48 PM
I've come to the conclusion that Golos http://coinmarketcap.com/currencies/golos/ is massively undervalued. For this reason I've decided to sell all my other alt coins and put everything into Golos. Here's why:

So in summary thats why I'm going to sell all my alt holdings and put them into Golos. I think its going to explode in value really soon.

Let me know you're thoughts. If you think I'm an idiot then please back up your viewpoint with data  :)

Basically you are trying to make a point that Golos is undervalued by:
- jotting down numbers on the quantity of Russian speakers vs English speakers
- comparing a dog like XRP with an uglier dog being Stellar

I sincerely hope that your investment will do you well but I much prefer a real POW coin like Mona Coin that is increasingly being adopted in the daily life of people in Japan

https://www.cryptoninjas.net/2017/07/23/japan-exchange-bitbank-goes-live-monacoin-trading/

https://news.bitcoin.com/japanese-stores-suspend-bitcoin-payments-august-1/


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on July 24, 2017, 10:44:38 PM
I've come to the conclusion that Golos http://coinmarketcap.com/currencies/golos/ is massively undervalued. For this reason I've decided to sell all my other alt coins and put everything into Golos. Here's why:

So in summary thats why I'm going to sell all my alt holdings and put them into Golos. I think its going to explode in value really soon.

Let me know you're thoughts. If you think I'm an idiot then please back up your viewpoint with data  :)

Basically you are trying to make a point that Golos is undervalued by:
- jotting down numbers on the quantity of Russian speakers vs English speakers
- comparing a dog like XRP with an uglier dog being Stellar

I sincerely hope that your investment will do you well but I much prefer a real POW coin like Mona Coin that is increasingly being adopted in the daily life of people in Japan

https://www.cryptoninjas.net/2017/07/23/japan-exchange-bitbank-goes-live-monacoin-trading/

https://news.bitcoin.com/japanese-stores-suspend-bitcoin-payments-august-1/


What you'll find I'm actually doing is putting my money into a coin that is

A) Undervalued
B) has real world TRACTION

Nothing like Mona Coin which is just another shitcoin bitcoin clone


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: Calangaman on July 25, 2017, 09:08:48 AM
I've come to the conclusion that Golos http://coinmarketcap.com/currencies/golos/ is massively undervalued. For this reason I've decided to sell all my other alt coins and put everything into Golos. Here's why:

So in summary thats why I'm going to sell all my alt holdings and put them into Golos. I think its going to explode in value really soon.

Let me know you're thoughts. If you think I'm an idiot then please back up your viewpoint with data  :)

Basically you are trying to make a point that Golos is undervalued by:
- jotting down numbers on the quantity of Russian speakers vs English speakers
- comparing a dog like XRP with an uglier dog being Stellar

I sincerely hope that your investment will do you well but I much prefer a real POW coin like Mona Coin that is increasingly being adopted in the daily life of people in Japan

https://www.cryptoninjas.net/2017/07/23/japan-exchange-bitbank-goes-live-monacoin-trading/

https://news.bitcoin.com/japanese-stores-suspend-bitcoin-payments-august-1/


What you'll find I'm actually doing is putting my money into a coin that is

A) Undervalued
B) has real world TRACTION

Nothing like Mona Coin which is just another shitcoin bitcoin clone

It seems you misunderstand what undervaluation and real world traction are... take a look at how many ATM sell MONA and the number of merchants accepting it in Japan... Hope Golos reaches the same traction one day but I doubt it.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: serejandmyself on July 25, 2017, 12:06:03 PM
AFAIK Golos has one of the largest amount of tx per day, with close to 60 - 70k daily. if we are speaking about off line traction, than please wait for the 29th. There will be some interesting announcments on our conference in Moscow, regarding traction


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on July 25, 2017, 01:30:43 PM
I've come to the conclusion that Golos http://coinmarketcap.com/currencies/golos/ is massively undervalued. For this reason I've decided to sell all my other alt coins and put everything into Golos. Here's why:

So in summary thats why I'm going to sell all my alt holdings and put them into Golos. I think its going to explode in value really soon.

Let me know you're thoughts. If you think I'm an idiot then please back up your viewpoint with data  :)

Basically you are trying to make a point that Golos is undervalued by:
- jotting down numbers on the quantity of Russian speakers vs English speakers
- comparing a dog like XRP with an uglier dog being Stellar

I sincerely hope that your investment will do you well but I much prefer a real POW coin like Mona Coin that is increasingly being adopted in the daily life of people in Japan

https://www.cryptoninjas.net/2017/07/23/japan-exchange-bitbank-goes-live-monacoin-trading/

https://news.bitcoin.com/japanese-stores-suspend-bitcoin-payments-august-1/


What you'll find I'm actually doing is putting my money into a coin that is

A) Undervalued
B) has real world TRACTION

Nothing like Mona Coin which is just another shitcoin bitcoin clone

It seems you misunderstand what undervaluation and real world traction are... take a look at how many ATM sell MONA and the number of merchants accepting it in Japan... Hope Golos reaches the same traction one day but I doubt it.

It seems you misunderstand what undervaluation and real world traction. Shitcoins like Mona are Bitcoin clones. Putting it in a few private atms isnt traction, If any Bitcoin clone is going to get traction its Litecoin


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: TGJJ on July 26, 2017, 07:32:07 PM
The upcoming hardfork will have golos as the first ever platform that allow to use user issued assets and smsrt coins without commisions

what fork?


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: AndyGon on July 26, 2017, 08:00:30 PM
Why you think that Russians not trading at Bittrex? We trade there where is better, no matter of language. We used Poloniex and Bittrex and others English speaking markets. And I think Golos is like 50 others coins, it has nothing special, and I don't know anyone, who can put even 30 % of it's deposite to one coin not from top10.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: woas4 on July 26, 2017, 08:28:55 PM
I'd be very cautious following this advice. Steem is a very new platform in a very competitive market with huge players already controlling it (Facebook, LinkedIn are two for starters) and people haven't really been joining it because it's good, only because they think they can make a quick buck - and once they realize they can't, they'll drop it. I predict it won't be worth much in the future - neither Steem or Golos.

But to each his own! If you think it can work, go for it. :)


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on July 26, 2017, 09:50:00 PM
Why you think that Russians not trading at Bittrex? We trade there where is better, no matter of language. We used Poloniex and Bittrex and others English speaking markets. And I think Golos is like 50 others coins, it has nothing special, and I don't know anyone, who can put even 30 % of it's deposite to one coin not from top10.

Golos is like one other coin - Steem. Except Golos is Russian.

So what are these 50 other coins that Golos is like?

Typical newbie account making factually incorrect comments



Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: solarrobot on July 26, 2017, 10:05:16 PM
Do you have any info on the inflation rate on golos? That was a big issue on steem in the beginning. The problem with investing in GOLOS is that it is hard for a non russian speaker to understand the mechanics of the ecosystem, which is liquid and changed by the witnesses.  I don't think it's a bad move, I think steem is a very promising system, which will naturally fix itself. I don't really know what the advatage of creating a new blockchain rather than just creating a russian site using the already established steem database.

The only other bit of caution i would add though is that EOS is around the corner. both steem and golos could run on EOS, and at that point there will be no reason for it to have it's own blockchain or rather, plugging into a larger ecosystem will prove to be very beneficial for a system like GOLOS or STEEM.

But yeah, the main thing i'd look out for is the inflation rate. Because of the nature of Steem and Golos, its a system that naturally loses some money through payouts, and counts on speculators and investors looking for influence in the system to prop it up.  This is why steem underperformed other crypto, there is a constant amount of negative pressure on the system.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on July 27, 2017, 01:07:08 PM
Do you have any info on the inflation rate on golos? That was a big issue on steem in the beginning. The problem with investing in GOLOS is that it is hard for a non russian speaker to understand the mechanics of the ecosystem, which is liquid and changed by the witnesses.  I don't think it's a bad move, I think steem is a very promising system, which will naturally fix itself. I don't really know what the advatage of creating a new blockchain rather than just creating a russian site using the already established steem database.

The only other bit of caution i would add though is that EOS is around the corner. both steem and golos could run on EOS, and at that point there will be no reason for it to have it's own blockchain or rather, plugging into a larger ecosystem will prove to be very beneficial for a system like GOLOS or STEEM.

But yeah, the main thing i'd look out for is the inflation rate. Because of the nature of Steem and Golos, its a system that naturally loses some money through payouts, and counts on speculators and investors looking for influence in the system to prop it up.  This is why steem underperformed other crypto, there is a constant amount of negative pressure on the system.

Some fair points - thanks for your input. I don't have any additional info on the inflation rate.  I've said myself before - the Golos and Steem systems are not perfect. But that doesnt mean I don't think Golos is underpriced - hence why I went all in on it. Long term I'd be surprised for Golos and Steem last. But thats the same I'd say 95% + of all current blockchains. Better projects will replace what we have today. But short term/medium term I think the market is going to realize how underpriced Golos is.

Regarding EOS - I don't see how this affects them. EOS is more competing with Ethereum. If you want to make that point about EOS, then you could apply it to many many other blockchains. Its all ifs and maybes


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: serejandmyself on July 27, 2017, 04:06:45 PM
15% yearly inflation, dropping each year


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: ckolt690 on July 27, 2017, 05:38:25 PM
Thank you for the info. Anyway, it was useful  ;)


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: Bakemat on July 27, 2017, 05:40:09 PM
I've come to the conclusion that Golos http://coinmarketcap.com/currencies/golos/ is massively undervalued. For this reason I've decided to sell all my other alt coins and put everything into Golos. Here's why:

Background

Golos is a fork of Steem http://coinmarketcap.com/currencies/steem/ but for Russian users (Steem is targetted at English speakers).

Its basically a social media platform where you earn Golos (money) for either writing articles or curating articles (upvoting etc). This is explained here https://steemit.com/faq.html#How_does_Steemit_work

Steem also has a large Wikipedia page
https://en.wikipedia.org/wiki/Steemit

My calculations

There are about 500 million native English speakers in the word, with another 510 million people speaking English as a second language - source https://en.wikipedia.org/wiki/List_of_languages_by_total_number_of_speakers (total of 1.01 billion speakers).

There are about 150 million native Russian speakers, with another 115 million speaking it as a second languge (total of 265 million speakers).

So there are roughly 3.8 times more English speakers than Russian speakers.

The market cap of Steem is currently about $212 million
The market cap of Golos is currently about $4 million

So the market cap of Golos is about 53 times smaller than Steem, but there are only 3.8 more English speakers than Russian speakers. All other things being equal the market cap of Golos should be 3.8 times smaller than Steem, so $56 million (instead of the current $4 million)

Steem is about 13 months old
Golos is about 4 months old

Obviously we need to consider the current number of users on both platforms when comparing price

https://golos.io/ and https://steem.io

Its an approximate calculation, but it appears currently Steem has about 5-10 times more posts, votes etc than Golos. So say an average of 7.5 more traction. So based on these numbers Golos should have a market cap 7.5 times less than Steem - so $28 million (instead of the current $4 million)

Recent Steem performance vs Golos vs alts

Golos launched on January 19 2017. Since this date, Steem has increased its market cap by 473%. However Golos has decreased its market cap by 7%. And since the same date, alt coins have increased 1262%

So basically Steem has underperformed the alt coin market, and Golos has totally underperformed the alt coin market since it launched.

The Ripple and Stellar effect


This is where it gets more interesting. Ripple shot up in value by more than 6000% between March and now.

Stellar Lumens are a fork of Ripple. Despite Ripple exploding, the price of Stellar barely changed until May 4. Between May 4 and May 18 it increased about 750%

Despite most alt coins exploding January-May, the Steem price didnt move much. Then between May 5 and today May 18 Steem has gone up 177%. Golos may well shoot up in value any time soon.

The Russian language opportunity

A possible reason why Golos has lagged the market is its an entirely Russian crypto. The majority of crypto investors (like you and me) don't speak Russian.

So when we visit a crypto coin website like Golos https://golos.io/ and see a bunch of Russian we pretty much rule out investing in it. We don't understand it!!

However think about it from a Russian crypto investors perspective. Most Russians don't speak English, certainly most don't speak it well enough to read/analyse English language focused crypto coin websites (basically most cryptos). NB think how hard it is to understand much crypto info when its written in your native language, never mind your second language.

Golos would be a much easier investment for Russians to make. They don't need to try and use Google translate etc to understand the offering.

Other factors


I first read about Steem about 6 months ago. I had a look, but to me the quality of the content was really poor and it didnt seem to have much traction.

However this is changing fast. For example this article https://steemit.com/cryptocurrency/@jrcornel/is-this-the-beginning-of-cryptocurrency-mass-adoption has earned more than $400 despite only being 1 day old! If this article was published 1 month ago (before Steemit shot up in value) it would only have earned about $100 in 1 day. Steem and Golos have an ingenius network effect.

Further, the main social media platforms like Youtube and Facebook have started trying to ban anti establishment content like https://steemit.com/money/@sgtreport/end-of-the-empire-bill-holter How dare anyone suggest the USD has problems, despite there being so much evidence that the USD as a world reserve currency is failing! This kind of big brother censorship on Facebook, Youtube etc is only going to make sites like Steem and Golos far more popular.

So in summary thats why I'm going to sell all my alt holdings and put them into Golos. I think its going to explode in value really soon.

Let me know you're thoughts. If you think I'm an idiot then please back up your viewpoint with data  :)

Well thats a good plan but you dont know what will happen next. Your altcoins is much better than Golos but its your choice btw. You can still invest on other coins.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: solarrobot on July 27, 2017, 05:42:40 PM

Regarding EOS - I don't see how this affects them. EOS is more competing with Ethereum. If you want to make that point about EOS, then you could apply it to many many other blockchains. Its all ifs and maybes

Fair enough. Just saying that once an ecosystem starts growing on a blockchain like EOS, then steem will start to feel very limited. Because steem could be entirely integrated into EOS, and but be directly connected to other apps like bitshares, or cloud storage, or all sorts of services that have started building their own blockchains.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: serejandmyself on July 28, 2017, 05:42:32 AM
It seems as most are missing out the point that golos is actually already not just a fork of steem. It is a unique mixture of steem, bitshares and its own


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on July 28, 2017, 02:28:11 PM
It seems as most are missing out the point that golos is actually already not just a fork of steem. It is a unique mixture of steem, bitshares and its own

why do you say bitshares?


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: serejandmyself on July 28, 2017, 09:58:08 PM
It seems as most are missing out the point that golos is actually already not just a fork of steem. It is a unique mixture of steem, bitshares and its own

why do you say bitshares?

cuase starting with the next hf you can create UIA and smart coins on golos + multisig + proposlas etc


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on July 29, 2017, 01:50:13 PM
It seems as most are missing out the point that golos is actually already not just a fork of steem. It is a unique mixture of steem, bitshares and its own

why do you say bitshares?

cuase starting with the next hf you can create UIA and smart coins on golos + multisig + proposlas etc

how do you know -  e.g. is this published somewhere?


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: Calangaman on July 29, 2017, 04:05:11 PM

how do you know -  e.g. is this published somewhere?

This guy is the CEO of Golos according to the white paper


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: dadonn on July 29, 2017, 09:45:52 PM
Irrespective of his agenda, the market cap of Golos is up 4x from when he first posted. Not bad.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on July 30, 2017, 04:45:36 PM
Irrespective of his agenda, the market cap of Golos is up 4x from when he first posted. Not bad.

Since I posted the OP, the entire crypto market is up about 50%, whilst Golos is up about 300%.

And still all these ''investment geniuses'' with newbie forum accounts and tiny crypto holdings of probably about $5,000 dollars like to tell me how stupid I am.

Segwit is causing uncertainity in the market, and investors are looking to hold cryptos that actually have traction. Given that Golos has traction and is clearly undervalued is why its going to outperform the market


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: dadonn on July 31, 2017, 08:56:13 AM
Irrespective of his agenda, the market cap of Golos is up 4x from when he first posted. Not bad.

Since I posted the OP, the entire crypto market is up about 50%, whilst Golos is up about 300%.

And still all these ''investment geniuses'' with newbie forum accounts and tiny crypto holdings of probably about $5,000 dollars like to tell me how stupid I am.

Segwit is causing uncertainity in the market, and investors are looking to hold cryptos that actually have traction. Given that Golos has traction and is clearly undervalued is why its going to outperform the market

Although I'm new, I have noticed it can be a tough crowd. My wife is Russian and I'm going to have her give Golos the once over. Personally, I liked your train of thought and "all in" attitude. In fairness to the respondents, so many people here are hawking some agenda one way or the other. And good on you for picking something that spanked the market and you did it en avance. Somehow, most everyone seems to buy on the low and or "filled their bag" a day or two before something spikes. Big ups to you.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: AlexSavv on July 31, 2017, 12:28:35 PM
Golos means "ass" in Greek - and for that reason - I'm out.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on July 31, 2017, 02:01:10 PM
Irrespective of his agenda, the market cap of Golos is up 4x from when he first posted. Not bad.

Since I posted the OP, the entire crypto market is up about 50%, whilst Golos is up about 300%.

And still all these ''investment geniuses'' with newbie forum accounts and tiny crypto holdings of probably about $5,000 dollars like to tell me how stupid I am.

Segwit is causing uncertainity in the market, and investors are looking to hold cryptos that actually have traction. Given that Golos has traction and is clearly undervalued is why its going to outperform the market

Although I'm new, I have noticed it can be a tough crowd. My wife is Russian and I'm going to have her give Golos the once over. Personally, I liked your train of thought and "all in" attitude. In fairness to the respondents, so many people here are hawking some agenda one way or the other. And good on you for picking something that spanked the market and you did it en avance. Somehow, most everyone seems to buy on the low and or "filled their bag" a day or two before something spikes. Big ups to you.

thanks. Yes because I don't speak Russian I've asked several Russians to research Golos for me. They all tell me the same thing - basically the content is interesting enough for people to read . Of course some content is bad - like any social media website. But given the fact there's enough good content and the platform is growing it remains for me an excellent coin to hold


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: Calangaman on July 31, 2017, 02:34:03 PM
Personally, I liked your train of thought and "all in" attitude. In fairness to the respondents, so many people here are hawking some agenda one way or the other. And good on you for picking something that spanked the market and you did it en avance. Somehow, most everyone seems to buy on the low and or "filled their bag" a day or two before something spikes. Big ups to you.

Welcome to the cryptoworld!

Since you are new, there are dozens of coins that pumped before being dumped big time.
In the end, it's all about doing your homework and being a bit lucky. Like any investment.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: lijoe408 on July 31, 2017, 03:10:55 PM
When is someone going to make the Chinese steemit if it doesn't already exist.  I'll go all in on that. ;D


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: dadonn on July 31, 2017, 06:21:32 PM
Personally, I liked your train of thought and "all in" attitude. In fairness to the respondents, so many people here are hawking some agenda one way or the other. And good on you for picking something that spanked the market and you did it en avance. Somehow, most everyone seems to buy on the low and or "filled their bag" a day or two before something spikes. Big ups to you.

Welcome to the cryptoworld!

Since you are new, there are dozens of coins that pumped before being dumped big time.
In the end, it's all about doing your homework and being a bit lucky. Like any investment.

Thanks for the welcome! Like any bozo noobie, I managed to get caught in a pump on one of my first buys and remain a bag holder so I feel properly initiated.  ::) Since then, things have gone reasonably well and I completely agree with your sentiment.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: TGJJ on July 31, 2017, 09:28:10 PM
Golos means "ass" in Greek - and for that reason - I'm out.

whats wrong with ass ?  :D

https://image.ibb.co/bPBtQQ/1.jpg (https://imgbb.com/)


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: missmarvel on August 04, 2017, 04:14:56 PM
Golos means "ass" in Greek - and for that reason - I'm out.

whats wrong with ass ?  :D



exactly! Didnt Jim Rogers say a few years ago that in 2025/30 that farmers would all be driving Ferraris?


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: TGJJ on August 07, 2017, 11:50:10 PM
Golos means "ass" in Greek - and for that reason - I'm out.

whats wrong with ass ?  :D



exactly! Didnt Jim Rogers say a few years ago that in 2025/30 that farmers would all be driving Ferraris?

he did, but his track record of investment isn't great recently. Since he wrote that ''Õnvestment Biker'' book he's been off.

His latest advice is to to hold lots of USD!


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on August 08, 2017, 01:30:20 PM
As much as I love looking at pictures of donkeys bums and Jim Rodgers investment advice, can we keep this thread to Golos related topics please?  :D

thanks


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on August 10, 2017, 12:15:04 AM
When is someone going to make the Chinese steemit if it doesn't already exist.  I'll go all in on that. ;D

Thats a decent idea  8) Can you code?


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on August 28, 2017, 12:29:25 PM
Golos is still holding up well, despite lower trading volumes than I expected. I believe the btc rally we have had during the past month should soon have a positive effect on golos trading volumes. A similar thing happened with Byteball for much of the year, with trading volumes lower than its market cap would suggest. Then Byteball went through the roof. Both are Russian built projects


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: alyssa85 on August 28, 2017, 12:34:02 PM
When is someone going to make the Chinese steemit if it doesn't already exist.  I'll go all in on that. ;D

Golos had to pay a one-off licence fee to be able to use the Steemit code and set-up. You can contact Ned at Steemit and tell him you are interested in doing the same for a Chinese version if you want.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on August 29, 2017, 06:28:26 PM
When is someone going to make the Chinese steemit if it doesn't already exist.  I'll go all in on that. ;D

Golos had to pay a one-off licence fee to be able to use the Steemit code and set-up. You can contact Ned at Steemit and tell him you are interested in doing the same for a Chinese version if you want.

Where did you read golos paid for the steemit license?


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: solarrobot on September 01, 2017, 12:56:22 AM
When is someone going to make the Chinese steemit if it doesn't already exist.  I'll go all in on that. ;D

Golos had to pay a one-off licence fee to be able to use the Steemit code and set-up. You can contact Ned at Steemit and tell him you are interested in doing the same for a Chinese version if you want.

Where did you read golos paid for the steemit license?

I'm curious about this as well... do you know where you can look at the licensing restrictions? I'm really curious how much they paid for it.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: Argoo on September 01, 2017, 03:35:50 AM
I would not say that the coin Golos has some serious perspective. Currently, its capitalization has reached about $ 20 million, and the rate is $ 0.15. There are no significant changes with this coin. Calculations about how many English-speaking and Russian-speaking population supports this coin, remained only calculations. I would not invest in this coin, especially all my money.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: alyssa85 on September 01, 2017, 04:14:56 AM
When is someone going to make the Chinese steemit if it doesn't already exist.  I'll go all in on that. ;D

Golos had to pay a one-off licence fee to be able to use the Steemit code and set-up. You can contact Ned at Steemit and tell him you are interested in doing the same for a Chinese version if you want.

Where did you read golos paid for the steemit license?

Here you go:

https://steemit.com/steem/@hipster/cyber-fund-is-to-launch-a-russian-steem-based-social-media-platform-golos-under-license-from-steemit-inc

@hipster is the chap who founded Golos.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: serejandmyself on September 01, 2017, 09:33:23 PM
Yes, we had to pay for the license. We were the first and the last people to do so. As it does not exist anymore (the license).


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: alyssa85 on September 02, 2017, 01:00:46 PM
Yes, we had to pay for the license. We were the first and the last people to do so. As it does not exist anymore (the license).

Are you sure the licence system doesn't exist anymore?


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: serejandmyself on September 02, 2017, 04:20:21 PM
Yes, we had to pay for the license. We were the first and the last people to do so. As it does not exist anymore (the license).

Are you sure the licence system doesn't exist anymore?

Indeed I am


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on September 07, 2017, 08:42:35 PM
I would not say that the coin Golos has some serious perspective. Currently, its capitalization has reached about $ 20 million, and the rate is $ 0.15. There are no significant changes with this coin. Calculations about how many English-speaking and Russian-speaking population supports this coin, remained only calculations. I would not invest in this coin, especially all my money.

Your point about significant changes is totally irrelevant, and neither is it correct.

I invested everything into Golos because it actually has traction and is underpriced.

It doesnt need significant changes or any for that matter. It just needs more traction which Im confident it will get.

Its already got more traction than 95% plus of all other cryptos.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: Moana on September 07, 2017, 10:22:26 PM
Actually this is an interesting coin I knew nothing about. It looks you made the right choice, it rose 5X from then.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on September 12, 2017, 05:43:36 PM
Actually this is an interesting coin I knew nothing about. It looks you made the right choice, it rose 5X from then.

Thanks, yes its gone up since I invested originally, but I haven't sold any. Golos is still way underpriced vs Steem


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: collingiusti on September 23, 2017, 07:13:16 PM
Actually this is an interesting coin I knew nothing about. It looks you made the right choice, it rose 5X from then.

Thanks, yes its gone up since I invested originally, but I haven't sold any. Golos is still way underpriced vs Steem

Steems dropped a fair bit recently though


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on September 24, 2017, 01:02:37 PM
Actually this is an interesting coin I knew nothing about. It looks you made the right choice, it rose 5X from then.

Thanks, yes its gone up since I invested originally, but I haven't sold any. Golos is still way underpriced vs Steem

Steems dropped a fair bit recently though

Since the start of the 2017 crypto bull market in early March, Steem is up nearly 1,400%! How is that 'dropping a fair bit'?

https://preview.ibb.co/mMn8r5/Screenshot_2.png (https://ibb.co/eP78r5)



Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: alyssa85 on September 24, 2017, 01:33:17 PM
Actually this is an interesting coin I knew nothing about. It looks you made the right choice, it rose 5X from then.

Thanks, yes its gone up since I invested originally, but I haven't sold any. Golos is still way underpriced vs Steem

Steems dropped a fair bit recently though

Steem started dropping when the Poloniex wallet got disabled for "maintenance". That was 2 months ago, and I think when a lot of people realised they couldn't withdraw their Steem from Poloniex, they sold it for bitcoin, which they could withdraw. And the Steem price hasn't really recovered, because the wallet on Poloniex hasn't been re-opened.

It's a shame when exchanges mess with coins like that.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on September 25, 2017, 01:53:05 PM
Actually this is an interesting coin I knew nothing about. It looks you made the right choice, it rose 5X from then.

Thanks, yes its gone up since I invested originally, but I haven't sold any. Golos is still way underpriced vs Steem

Steems dropped a fair bit recently though

Steem started dropping when the Poloniex wallet got disabled for "maintenance". That was 2 months ago, and I think when a lot of people realised they couldn't withdraw their Steem from Poloniex, they sold it for bitcoin, which they could withdraw. And the Steem price hasn't really recovered, because the wallet on Poloniex hasn't been re-opened.

It's a shame when exchanges mess with coins like that.

Interesting, I didn't know that.

Given that Steem and Golos get crypto into the hands of normal people that aren't just speculators, I'm not surprised it's had that effect.

Its probably another reason why Golos is still so cheap


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: catia on September 27, 2017, 02:45:39 PM
So when is Golos going to grow? You posted the OP nearly 4 months ago, there hasnt been much growth


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: Calangaman on September 27, 2017, 03:05:25 PM
So when is Golos going to grow? You posted the OP nearly 4 months ago, there hasnt been much growth

Maybe he was just wrong

Never put all your eggs in the same basket


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: coiner495 on September 27, 2017, 04:00:43 PM
Growth of coin capitalisation requires much more than a fork of a successful project. It needs promotion at least. Golos seem to be missing something if it doesn't grow.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on September 27, 2017, 09:57:42 PM
So when is Golos going to grow? You posted the OP nearly 4 months ago, there hasnt been much growth

Maybe he was just wrong

Never put all your eggs in the same basket

Golos is up about 225% since I made the OP.

Never put all your eggs in one basket?

What about the people that bought Bitcoin in 2011 and are still hodling? They've got all their eggs in the bitcoin basket, its working out pretty fine for them


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: solarrobot on September 28, 2017, 11:07:44 PM
225 isn't bad, especially since it's been a bear market. Glad it's worked out for you :)

Steem in general is a slow economy.  I think it is expensive to run, or at least witnesses get paid a LOT.  It's code heavy, so things break and don't work, so a lot of resources go to keeping it working. I don't think Golos will be any different in the long run. Maybe it will really take off, but it's got an extra level of exit schemes for people who are just gaming the system.  That combined with developers not able to keep wallet's stable (wallets are offline regularly across exchanges).

I still hope steem (and golos) prove themselves, if not it will probably happen on EOS. I really hope that steem can port itself to EOS when it comes out. Being connected to a broader ecosystem will be so important to it.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: Hyperme.sh on September 28, 2017, 11:51:29 PM
Golos is an unregistered security that was sold to some USA and EU investors illegally and it will eventually be delisted like all the other ICOs including Ethereum.

Investors are risking legal and criminal culpability for illegal selling on unregistered exchanges.

Study the facts (https://bitcointalk.org/index.php?topic=2215645.msg22339211#msg22339211).

Crackdowns are coming eventually. China just the first salvo of what is coming from regulators in major nations.

Steem started dropping when the Poloniex wallet got disabled for "maintenance". That was 2 months ago, and I think when a lot of people realised they couldn't withdraw their Steem from Poloniex, they sold it for bitcoin, which they could withdraw. And the Steem price hasn't really recovered, because the wallet on Poloniex hasn't been re-opened.

It's a shame when exchanges mess with coins like that.

Thatís an example of what is going to happen to all ICO issued tokens when the delistings come forth.

And STEEM is still trading on Blocktrades and Bittrex, so imagine the utter collapse towards 0 of the STEEM price if it had been delisted from every significant exchange.

Everybody going to get plenty of warnings but they will ignore the warnings of course.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: solarrobot on September 29, 2017, 06:23:00 AM
Golos is an unregistered security that was sold to some USA and EU investors illegally and it will eventually be delisted like all the other ICOs including Ethereum.

Investors are risking legal and criminal culpability for illegal selling on unregistered exchanges.

Study the facts (https://bitcointalk.org/index.php?topic=2215645.msg22339211#msg22339211).

Crackdowns are coming eventually. China just the first salvo of what is coming from regulators in major nations.

Steem started dropping when the Poloniex wallet got disabled for "maintenance". That was 2 months ago, and I think when a lot of people realised they couldn't withdraw their Steem from Poloniex, they sold it for bitcoin, which they could withdraw. And the Steem price hasn't really recovered, because the wallet on Poloniex hasn't been re-opened.

It's a shame when exchanges mess with coins like that.

Thatís an example of what is going to happen to all ICO issued tokens when the delistings come forth.

And STEEM is still trading on Blocktrades and Bittrex, so imagine the utter collapse towards 0 of the STEEM price if it had been delisted from every significant exchange.

Everybody going to get plenty of warnings but they will ignore the warnings of course.


Lol, the SEC isn't going to make ETH illegal. Have you seen the ETH enterprise alliance? some of the biggest company's in the world are behind ethereum (microsoft, jp morgan just to name a few).

A bunch of decentralized exchange projects are coming out too, i think you underestimate the adaptability of this tech.

New ICO's will definitely be scrutinized, but only if they aren't done right. This whole china scare is a good thing. Gotta reign in some of the bullshit projects there are sooo many.

 


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: bamb on September 29, 2017, 10:04:09 AM
So when is Golos going to grow? You posted the OP nearly 4 months ago, there hasnt been much growth

Maybe he was just wrong

Never put all your eggs in the same basket
If you compare the growth of golo to other coin that were in the market at the time you declare your intention for golo, you will realise that golo growth is nothing. If not for   bitcoin, the price of golo will still be the same or probably lower!

Golos is up about 225% since I made the OP.

Never put all your eggs in one basket?

What about the people that bought Bitcoin in 2011 and are still hodling? They've got all their eggs in the bitcoin basket, its working out pretty fine for them


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: GendalfTheFireRed on September 29, 2017, 11:06:48 AM
So when is Golos going to grow? You posted the OP nearly 4 months ago, there hasnt been much growth

Maybe he was just wrong

Never put all your eggs in the same basket

Golos is up about 225% since I made the OP.

Never put all your eggs in one basket?

What about the people that bought Bitcoin in 2011 and are still hodling? They've got all their eggs in the bitcoin basket, its working out pretty fine for them
You may want to check the following article:
https://en.wikipedia.org/wiki/Survivorship_bias


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: alyssa85 on September 29, 2017, 11:18:08 AM

Crackdowns are coming eventually. China just the first salvo of what is coming from regulators in major nations.

Steem started dropping when the Poloniex wallet got disabled for "maintenance". That was 2 months ago, and I think when a lot of people realised they couldn't withdraw their Steem from Poloniex, they sold it for bitcoin, which they could withdraw. And the Steem price hasn't really recovered, because the wallet on Poloniex hasn't been re-opened.

It's a shame when exchanges mess with coins like that.

Thatís an example of what is going to happen to all ICO issued tokens when the delistings come forth.

And STEEM is still trading on Blocktrades and Bittrex, so imagine the utter collapse towards 0 of the STEEM price if it had been delisted from every significant exchange.

Everybody going to get plenty of warnings but they will ignore the warnings of course.

China is an authoritarian communist state - they arrest people just for criticising the govt. Why on earth would foreign govts copy them? Most western govts are proud that they're not authoritarian, and in any case have legalised cryptocurrency.

Both Blocktrades and Bittrex are american and are not going to copy what some crazy communist exchanges are doing.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: wordspavovv on September 29, 2017, 11:27:17 AM
Never put all your eggs in one basket, you may find later something wrong with Golos. Be safe than sorry my friend.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: rudystyle on September 29, 2017, 12:12:06 PM
So when is Golos going to grow? You posted the OP nearly 4 months ago, there hasnt been much growth

Maybe he was just wrong

Never put all your eggs in the same basket

Golos is up about 225% since I made the OP.

Never put all your eggs in one basket?

What about the people that bought Bitcoin in 2011 and are still hodling? They've got all their eggs in the bitcoin basket, its working out pretty fine for them

Most coins have gone up by at least 1000% and some even 10000% since May. So 225% is relatively low and can considered among the laggards. For example NEO was worth $0.50 on May 18 when you posted this. It has fallen from its record high of $50 but still worth $30 today. So a gain of 6000%.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on September 29, 2017, 03:47:40 PM
So when is Golos going to grow? You posted the OP nearly 4 months ago, there hasnt been much growth

Maybe he was just wrong

Never put all your eggs in the same basket

Golos is up about 225% since I made the OP.

Never put all your eggs in one basket?

What about the people that bought Bitcoin in 2011 and are still hodling? They've got all their eggs in the bitcoin basket, its working out pretty fine for them

Most coins have gone up by at least 1000% and some even 10000% since May. So 225% is relatively low and can considered among the laggards. For example NEO was worth $0.50 on May 18 when you posted this. It has fallen from its record high of $50 but still worth $30 today. So a gain of 6000%.

Why do people come on this thread and make up data?

You say ''Most coins have gone up by at least 1000% and some even 10000% since May. ''

The alt coin market cap has gone from around 35 to 75 billion since I made the OP in May. So how exactly is that an increase of 1000%?

And it doesnt take a genius investor to say ''oh you should have bought NEO'' in May. You're embarassing yourself making such comments. Thats like me telling people today that they should have bought Bitcoin in 2010. You don't say!


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: collingiusti on October 01, 2017, 09:44:17 PM
Growth of coin capitalisation requires much more than a fork of a successful project. It needs promotion at least. Golos seem to be missing something if it doesn't grow.

Golos is growing - in terms of users. I think the market will realize this soon enough and push up the price of Golos. Few other crypto's actually have users rather than just speculators. I'm hoddling Golos


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: bubblepop on October 03, 2017, 01:28:33 PM
What is the future roadmap for Golos?
I remember hearing they want to have Golos based user issued assets (tokens) with the next hardfork?
Are there many other websites and dapps being created for Golos?


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: collingiusti on October 03, 2017, 03:23:41 PM
What is the future roadmap for Golos?
I remember hearing they want to have Golos based user issued assets (tokens) with the next hardfork?
Are there many other websites and dapps being created for Golos?

Yes thats what I've heard. They plan to incorporate user issued assets similar to Bitshares


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: GoodOne on October 03, 2017, 04:18:29 PM
Golden rule - Never put all your eggs in one basket


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: collingiusti on October 04, 2017, 01:48:16 PM
Golden rule - Never put all your eggs in one basket

Nonesense. The people who put money decent into Bitcoin in 2010 and 2011 quickly ended up with 95% plus of all their assets in Bitcoin. And the smart ones havent sold anything


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: btcjoin14 on October 05, 2017, 01:06:48 AM
So when is Golos going to grow? You posted the OP nearly 4 months ago, there hasnt been much growth
I think that the price of Golos should stay within a range that will bring more people into their coin. The price should go up when there is more people holding coins.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on October 05, 2017, 01:36:59 PM
So when is Golos going to grow? You posted the OP nearly 4 months ago, there hasnt been much growth
I think that the price of Golos should stay within a range that will bring more people into their coin. The price should go up when there is more people holding coins.


I don't think Golos needs to stay within a buying range to bring people in, as many holders havent paid anything for their coins - they've earned them through publishing website content.

I think a lot of people sell their coins when they first earn them which is kept the Golos price down. REmember Golos was only launched in January. As it grows I believe people will realize they will make more more holding Golos than selling it, which will pump Golos


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: senzacionale on October 05, 2017, 02:35:48 PM
Golden rule - Never put all your eggs in one basket. Try to remember this!


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: adam1230 on October 05, 2017, 02:37:23 PM
Yes i agree this is an interesting coin. but i suggest you to not put all eggs in same basket.
Split the risk and be in safe. I will invest %5 of my budget in Golos. Nothing more :)


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: collingiusti on October 07, 2017, 04:35:25 PM
Steemit has been getting a fair bit of coverage recently in sizeable media publications like Wired and the Observer in the UK https://steemit.com/steemit/@jrcornel/steemit-steem-and-smts-are-catching-some-major-press

I don't see much mainstream coverage for cryptos outside of BTC and ETH

It stands to reason that if this helps Steemit it will also help Golos grow


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: kilobytez on October 07, 2017, 04:42:39 PM
Golden rule - Never put all your eggs in one basket. Try to remember this!

I agree to this that you should invest in multiple crypto and not showing all hand into one crypto; balance up at least 3-4; max 5-9 cryptos

Probably a redundant of similar protocol in 2 language
- - Steemit (English market) and Golos (Russian market) --

end


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: J. Cooper on October 07, 2017, 04:54:53 PM
This thread was started in May of this year. About 5 months ago now. I'm not sure if the op is still watching this thread but if he/she is I would like to ask do you regret your decision? I like the way of thinking but the coin itself hasn't grown that much and the market volume is still a couple thousand bitcoin. So still fairly limited.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: thepo1m on October 07, 2017, 06:21:23 PM
You are making the worst investment decision, how can you be putting all your investment in one basket, there is a reason why people always hedge their investment because there is no certainty anywhere


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on October 07, 2017, 06:24:19 PM
This thread was started in May of this year. About 5 months ago now. I'm not sure if the op is still watching this thread but if he/she is I would like to ask do you regret your decision? I like the way of thinking but the coin itself hasn't grown that much and the market volume is still a couple thousand bitcoin. So still fairly limited.

I'm still very much watching this thread! Do I regret my decision? Golos has grown 200% since I invested. Its been as high as 425% but its dropped like most alt coins. I don't regret my decision, its been a profitable one.

That said I'm still 100% invested in Golos, I have sold anything. Fundamentally its still underpriced, and I believe the market will realize this soon enough.

I'm more concerned about a bitcoin/ethereum bear market than Golos. If bitcoin/ethereum enter a bear market I think most alt coins will be dragged down, Golos included. However I'm still pretty bullish on the crypto market has a whole.

I still think we could hit 400/500 billion within 1-2 years, and then a 80% correction. Historically thats what crypto markets have done.

Your right in that the volume of Golos is still disappointing, but remember its Russian. It flys under the radar of most investors due to the language issue.

Remember in the 1990's many foreigners made what many thought were risky investments in energy and manufacturing companies in Russia. These investments made the investors incredible rich. They got better prices as most people were too scared to invest in Russia. I'm doing the same thing, but with Golos in 2017/18. Just watch.....


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: Blackwhite69 on October 07, 2017, 06:32:50 PM
You are making the worst investment decision, how can you be putting all your investment in one basket, there is a reason why people always hedge their investment because there is no certainty anywhere

I agree, something big mistake put on one coin to invest and put it in one place.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: Idrisu on October 07, 2017, 06:34:03 PM
No matter how Golos seen to be a good project to you and you have loved of promoting this project I think it is too risk to put all your coins into one project. To actually make it in cryptocoin trading you most put your investment into many coins. Golos seen good and since you want to invest in it you should just put about 30% of coins into it.Investment in crypto currencies is very risk venture therefore putting all your egg in one basket is too risky to take.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on October 08, 2017, 04:39:40 PM
Why do so many people who comment on this thread only talking about ''eggs and baskets''?

Look you're not adding anything to the thread, your just repeating what others have said before.



Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: andrei56 on October 08, 2017, 05:44:45 PM
While the OP gave good points Iím not sure he understands the incredible risks he is taking, putting everything in a single coin is a mistake, in fact if a person is only holding bitcoin I will think that is a mistake too, you need to have other coins that way if a coin loses value while another gains the same amount, you break even, I wish the best to the OP but he took an unnecessary risk.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: willphillips on October 08, 2017, 05:51:00 PM
I agree with the other answers - its very risky putting all your money in one coin? A crazy Strategy. Either you are just trying to hype this up and pump it or you really do believe in it , either way, spread your risk.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: bitroxis on October 08, 2017, 07:49:38 PM
Interesting - and thorough! - reasoning. However... aside from puting all eggs in one basket, which is not the best strategy ever, I would remark that you didn't consider the penetration of cryptocoins among English and Russian speakers, respectively, but started from the idea that all of them will be investing in the respective coins at one point.
You definitely caught my attention, though!


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: Vaflia on October 08, 2017, 08:09:01 PM
If you really sold ALL their COINS to buy a TOKEN at Ethereum, I pity you....


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: Gorgeous011235 on October 08, 2017, 08:38:53 PM
Thank's for your analysis and for your advice.
I think it's a good buy now! ;)
It should grow and rise just like Steem did in the last year  ;D



Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on October 09, 2017, 03:23:21 PM
Interesting - and thorough! - reasoning. However... aside from puting all eggs in one basket, which is not the best strategy ever, I would remark that you didn't consider the penetration of cryptocoins among English and Russian speakers, respectively, but started from the idea that all of them will be investing in the respective coins at one point.
You definitely caught my attention, though!

Yes thats a fair point about me making the hypothesis that all of them will be investing in the respective coins at one point.

That is what I believe. Not ''all of them'' exactly, but I believe some language/geo/niche specific coins will be more appealing than lots of other cryptos that are trying to go for a broader market. Which is also why I'm confident in my Golos play. Like all cryptos it has significant downside risk, but I believe the ROI for it is much better than all other cryptos out there. And Golos is basically at the same price today it was in January 2017 - it hasn't been overbought like nearly all other alt coins.  Thats why I went all in on it


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: redsun114 on October 10, 2017, 04:53:48 AM
I agree with the other answers - its very risky putting all your money in one coin? A crazy Strategy. Either you are just trying to hype this up and pump it or you really do believe in it , either way, spread your risk.
I learned this sentence from this forum of not putting all your eggs in one basket and now I have learnt what it actually meant. This is really important in investing or trading any coin. Before getting into field you must have to learn the whole and sole of that coin whether that is suitable for you or not. Once decided, be confident, but donít just trust that blindly.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on October 10, 2017, 03:24:38 PM
I agree with the other answers - its very risky putting all your money in one coin? A crazy Strategy. Either you are just trying to hype this up and pump it or you really do believe in it , either way, spread your risk.
I learned this sentence from this forum of not putting all your eggs in one basket and now I have learnt what it actually meant. This is really important in investing or trading any coin. Before getting into field you must have to learn the whole and sole of that coin whether that is suitable for you or not. Once decided, be confident, but donít just trust that blindly.

Sure, like this ''idiot'' that put his live savings into Bitcoin when it was $9 http://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: CoinEmperor on October 10, 2017, 05:31:29 PM
I agree with the other answers - its very risky putting all your money in one coin? A crazy Strategy. Either you are just trying to hype this up and pump it or you really do believe in it , either way, spread your risk.
I learned this sentence from this forum of not putting all your eggs in one basket and now I have learnt what it actually meant. This is really important in investing or trading any coin. Before getting into field you must have to learn the whole and sole of that coin whether that is suitable for you or not. Once decided, be confident, but donít just trust that blindly.

Sure, like this ''idiot'' that put his live savings into Bitcoin when it was $9 http://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/

Some people are lucky idiots  ::)


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: rayk on October 10, 2017, 05:46:30 PM
I'll soon open a thread like that why I am selling all my altcoins and putting everything into sonm. But never do that! It is very risky.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: monica69 on October 10, 2017, 05:48:42 PM
the deeper explanation is yet to be unfold only thy yourself instead, you already have the idea so I'm assuming that you can now further research about their difference, and probably their importance and all.Coins are what we called the cryptocurrencies, such as Bitcoin, Ethereum, Litecoin etc. And the tokens are those things that have been forked from a specific Coin.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: GaPR on October 10, 2017, 06:02:43 PM
First, sell all your coins and invest in one, may possibly successful, is not reasonable. With the huge competition, we see the lunar coins, which seemed to be unsuccessful. The voice of the right, not the coin's sake, which is to sell everything. Remember the rules of investment never invest more than you can afford to lose.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: cosgun on October 10, 2017, 06:13:22 PM
pas mal l idee


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on October 10, 2017, 10:11:51 PM
I agree with the other answers - its very risky putting all your money in one coin? A crazy Strategy. Either you are just trying to hype this up and pump it or you really do believe in it , either way, spread your risk.
I learned this sentence from this forum of not putting all your eggs in one basket and now I have learnt what it actually meant. This is really important in investing or trading any coin. Before getting into field you must have to learn the whole and sole of that coin whether that is suitable for you or not. Once decided, be confident, but donít just trust that blindly.

Sure, like this ''idiot'' that put his live savings into Bitcoin when it was $9 http://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/

Some people are lucky idiots  ::)

How was he lucky? He wrote compelling reasons why BTC was a good investment years ago. Thats insight, not luck


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: Calangaman on October 11, 2017, 07:26:37 AM
What you'll find I'm actually doing is putting my money into a coin that is

A) Undervalued
B) has real world TRACTION

Nothing like Mona Coin which is just another shitcoin bitcoin clone

Since that date, MONA coin has doubled in value while Golos has lost 33% in dollars terms and 75% in BTC terms...


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on October 11, 2017, 01:55:16 PM
What you'll find I'm actually doing is putting my money into a coin that is

A) Undervalued
B) has real world TRACTION

Nothing like Mona Coin which is just another shitcoin bitcoin clone

Since that date, MONA coin has doubled in value while Golos has lost 33% in dollars terms and 75% in BTC terms...

Whats your point? Its not hard to tell people what was a PREVIOUS good investment. Most alts have lost substantially vs BTC in the past few months

Golos will outperform the vast majority of alt coins in the coming bull market. Watch


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on October 12, 2017, 03:49:40 PM
Today Golos is having one of its highest volume days in history at $141,000 odd http://prntscr.com/gwkeze

There were some days of $130,000-$170,000 a few months ago, but no volume anywhere near this since then.

With the recent Bitcoin bull and ALT today, history shows that an alt coin bull run will follow. And which alt coins?

Is the market starting to realize how cheap Golos is?


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: babsjoe on October 12, 2017, 03:56:03 PM
Whenever you see someone claiming to go all in into an investment or encouraging you directly to put all your savings or whatever in to a project! That should be a red flag!  There is no guarantee for anything, only time and perssive value make all difference in any endavour! I will not be the reason why somebody will lose money. So I will not encourage anybody to go all in into anything.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: andrei56 on October 12, 2017, 04:20:03 PM
Golden rule - Never put all your eggs in one basket. Try to remember this!
It is incredible how people forget this simple lesson, and this applies not only to bitcoin and altcoins but to everything, most people have most of their net worth in their houses when the real estate bubble busted many people lost all what they had, if they instead bought a cheaper home paid it in full and saved the rest in gold or something, they will still have been affected by the crisis but they will be in a better financial shape than those that invested everything in their houses.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: collingiusti on October 12, 2017, 05:55:51 PM
Interesting. Golos hits nearly record trade volumes and shoots up nearly 40% in a day.

And yet most people commenting on this thread only talk about eggs and baskets.

The OP is getting rich whilst ignoring the investment advice of wannabe Warren Buffets


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on October 12, 2017, 06:50:27 PM
Interesting. Golos hits nearly record trade volumes and shoots up nearly 40% in a day.

And yet most people commenting on this thread only talk about eggs and baskets.

The OP is getting rich whilst ignoring the investment advice of wannabe Warren Buffets

Make that 40%  :D

I'm more interested in the spike in volume though. Its a great sign for Golos, especially as other alt coins are falling and BTC is rising

https://preview.ibb.co/krXs1G/Screenshot_1.png (https://ibb.co/mP7QMG)


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on October 15, 2017, 01:46:42 PM
Golos pumping again in volume and price when BTC and most alts are falling

https://preview.ibb.co/ncBHMR/Screenshot_1.png (https://ibb.co/hVGTT6)

this happened last week to.

It Bittrex there is currently 36 BTC of buy orders, way higher than normal

Shows there is more confidence in the market than most think

I don't know who's buying, I assume some big Russian investors.

I think Golos might do Russia what Monacoin did last week in Japan.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: andrei56 on October 16, 2017, 10:14:19 PM
I agree with the other answers - its very risky putting all your money in one coin? A crazy Strategy. Either you are just trying to hype this up and pump it or you really do believe in it , either way, spread your risk.
I learned this sentence from this forum of not putting all your eggs in one basket and now I have learnt what it actually meant. This is really important in investing or trading any coin. Before getting into field you must have to learn the whole and sole of that coin whether that is suitable for you or not. Once decided, be confident, but donít just trust that blindly.

Sure, like this ''idiot'' that put his live savings into Bitcoin when it was $9 http://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/

Some people are lucky idiots  ::)
You are lucky if you buy a lottery ticket and win the lottery, but if you have specific and clear reasons to invest in a project you were not lucky you were a very good investor, Iím sure that when my investment skyrockets my friends will probably think the same but that is nothing but a self defense mechanism to protect themselves of their own failures.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: Savik on October 17, 2017, 12:24:42 AM
Golos pumping again in volume and price when BTC and most alts are falling

https://preview.ibb.co/ncBHMR/Screenshot_1.png (https://ibb.co/hVGTT6)

this happened last week to.

It Bittrex there is currently 36 BTC of buy orders, way higher than normal

Shows there is more confidence in the market than most think

I don't know who's buying, I assume some big Russian investors.

I think Golos might do Russia what Monacoin did last week in Japan.

Any opinion on why GOLOS vs GBG? Seems to be an even more extreme jump in volume on GBG


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: meanwords on October 17, 2017, 12:31:04 AM
You presented it so well providing us with informations you gathered and some links, Good Job. But just a tip, you should never ever invest in just 1 coin specially to an alt coin. Yes it's good to invest in it because it looks promising but coins are volatile so there are chances that it might fall or fly.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: gentil on October 17, 2017, 04:01:11 PM
I agree with the other answers - its very risky putting all your money in one coin? A crazy Strategy. Either you are just trying to hype this up and pump it or you really do believe in it , either way, spread your risk.
I learned this sentence from this forum of not putting all your eggs in one basket and now I have learnt what it actually meant. This is really important in investing or trading any coin. Before getting into field you must have to learn the whole and sole of that coin whether that is suitable for you or not. Once decided, be confident, but donít just trust that blindly.

Sure, like this ''idiot'' that put his live savings into Bitcoin when it was $9 http://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/

Some people are lucky idiots  ::)
You are lucky if you buy a lottery ticket and win the lottery, but if you have specific and clear reasons to invest in a project you were not lucky you were a very good investor, Iím sure that when my investment skyrockets my friends will probably think the same but that is nothing but a self defense mechanism to protect themselves of their own failures.

my thoughts exactly  :)


Title: Re: Why I'm selling all my alts coins and putting everything into Golos
Post by: HonestSurfer on October 17, 2017, 04:14:51 PM
One thing to consider is platforms like Steemit need a userbase to thrive since a lack of activity is boring so it isn't just a linear calculation of this many users should equal a certain market cap. It is a compounding effect.

Yes good point. Unfortunately nothing in crypto is black and white. But if you look at the content of Steemit now vs even 4-5 months ago, its better.

Also, I've noticed on Youtube that some channels are encouraging people to subscribe / comment on videos through Steemit instead of Youtube. This has only started recently. Youtube have started filtering a lot of content and its really making a lot of Youtube channels angry.

My basic thesus is Steemit is go to growing but Golos will grow faster. We'll see...

PovertyByte is referring to a well known concept of network effects: the more users a platofrm has, the more valuable it is for everyone in the system. Think of facebook or ebay. The thing is, it is really hard to start with a business model like this. That is why I find PovertyByte's comment correct: this is no linear game, it is very much a compounding effect that you should be thinking of. Which means it takes a long time to get started and get some traction.

Obviously I know nothing about this project - but why cant you just use Russian language on Steem? Or perhaps partner with the Steem guys to set up a Russian division of Steem? That way you could perhaps tap into their already existing Russian speaking base.

Anyway, be careful with investment decisions like this :)


Title: Re: Why I'm selling all my alts coins and putting everything into Golos
Post by: gentil on October 18, 2017, 02:27:44 PM
One thing to consider is platforms like Steemit need a userbase to thrive since a lack of activity is boring so it isn't just a linear calculation of this many users should equal a certain market cap. It is a compounding effect.

Yes good point. Unfortunately nothing in crypto is black and white. But if you look at the content of Steemit now vs even 4-5 months ago, its better.

Also, I've noticed on Youtube that some channels are encouraging people to subscribe / comment on videos through Steemit instead of Youtube. This has only started recently. Youtube have started filtering a lot of content and its really making a lot of Youtube channels angry.

My basic thesus is Steemit is go to growing but Golos will grow faster. We'll see...

PovertyByte is referring to a well known concept of network effects: the more users a platofrm has, the more valuable it is for everyone in the system. Think of facebook or ebay. The thing is, it is really hard to start with a business model like this. That is why I find PovertyByte's comment correct: this is no linear game, it is very much a compounding effect that you should be thinking of. Which means it takes a long time to get started and get some traction.

Obviously I know nothing about this project - but why cant you just use Russian language on Steem? Or perhaps partner with the Steem guys to set up a Russian division of Steem? That way you could perhaps tap into their already existing Russian speaking base.

Anyway, be careful with investment decisions like this :)

What already existing Russian user base on Steem?

Thats one reason why Golos was launched - there was none.

Plus by being Russian focused they appeal to a specific market


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: PadenoM on October 18, 2017, 03:14:42 PM
it is not so wise to put all your eggs in one basket, good luck


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: TGJJ on October 18, 2017, 04:42:31 PM
I guess you've heard the news about Russian launching its own crypto currency?

https://pakwired.com/russia-to-launch-its-own-cryptocurrency-the-cryptoruble/

Personally I think the crypto ruble is a bunch of BS, its just the government pretending they are doing new things to track taxes and money.

HOWEVER! Look at it from the public relations side for Golos. If the Russian government is talking about launching their own crypto, Golos is going to get FAR more media coverage in the Russian media! And that is only going to be good for the Golos price.





Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: andrei56 on October 21, 2017, 11:13:58 PM
I agree with the other answers - its very risky putting all your money in one coin? A crazy Strategy. Either you are just trying to hype this up and pump it or you really do believe in it , either way, spread your risk.
I learned this sentence from this forum of not putting all your eggs in one basket and now I have learnt what it actually meant. This is really important in investing or trading any coin. Before getting into field you must have to learn the whole and sole of that coin whether that is suitable for you or not. Once decided, be confident, but donít just trust that blindly.

Sure, like this ''idiot'' that put his live savings into Bitcoin when it was $9 http://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/

Some people are lucky idiots  ::)
You are lucky if you buy a lottery ticket and win the lottery, but if you have specific and clear reasons to invest in a project you were not lucky you were a very good investor, Iím sure that when my investment skyrockets my friends will probably think the same but that is nothing but a self defense mechanism to protect themselves of their own failures.

my thoughts exactly  :)
I know that I may sound harsh to some, but it is the truth, my friends are very risk adverse and they prefer to play it safe but I have told them that the only way to make something out of you is by taking risks, I know that I can lose money by investing in crypto but Iím fine with that as long as I have the chance of making money as well.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: tfbiii on October 30, 2017, 11:02:13 PM
Diversify, diversify, diversify!


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: Calangaman on October 31, 2017, 04:03:53 PM
Feeling sorry for the OP.

Golos belong to one of the hundred tokens that reflect a business model with a dubious future.

When I read the comments, I realize that many people don't distinguish coins from tokens.

Bitcoin acts as a store of value. It gains traction as many people read about it in the press now.
Mona can become the Japanese Bitcoin. It gains value too.
Vert coin is an answer to a centralized Bitcoin and has the best tech specs around. That's why it gains value.

Most tokens are based on business models that are yet to prove valuable.
Be careful when you go for alts, especially tokens.


Title: Re: Why I'm selling all my alt coins and putting everything into Golos
Post by: pedrog on December 27, 2017, 01:49:47 PM
So, OP did you sold on a double or did you hold till now?

It was a good call, just not for long term.