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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

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.

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.

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  :)

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?

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'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.

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 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

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 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?)

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.

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 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

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

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.

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.

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.

Even if I'm bullish on Golos, I don't think eggs should be put in one basket, so you should diversify your investment.

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.

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.

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

Never put all of your eggs in 1 basket. That is one of the most basic rules of investing.

Booya playa!

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

Don't hate the player...

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

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?

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

no risk no reward. go for it man

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.

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

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

no risk no reward. go for it man

 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?

OP, do you still believe in this - and is it too late to invest?

 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

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

Never put all of your eggs in 1 basket. That is one of the most basic rules of investing.

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!

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:

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.

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.

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

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. There’s a large amount of coins out there that featured a Social Media platform though they didn’t 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.

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

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.

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

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.

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.

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.

Will russians go on bittrex and invest in this? How will the price go up on Bittrex if no russians are going to bittrex?

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.

The upcoming hardfork will have golos as the first ever platform that allow to use user issued assets and smsrt coins without commisions

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.

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.

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  :)

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

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?

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.

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.

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?

When is someone going to make the Chinese steemit if it doesn't already exist.  I'll go all in on that. ;D

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?

Where did you read golos paid for the steemit license?

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?

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.

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

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.

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

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.

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.


That’s 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.

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

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

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


That’s 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.

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%.

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.

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?

Golden rule - Never put all your eggs in one basket

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.

Golden rule - Never put all your eggs in one basket. Try to remember this!

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.

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

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!

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 don’t 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  ::)

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...

Golden rule - Never put all your eggs in one basket. Try to remember this!

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

Some people are lucky idiots  ::)

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.

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, I’m 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.

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 :)

my thoughts exactly  :)

On June 17, 2017, when this theme was created, the GOLOS coin cost $0.1161 (0.00004652 BTC) and now, after 2 years, this coin costs $0.006 (0.0000006 BTC). This example shows us that we don’t need to invest all our money in one single coin, if this coin is not Bitcoin.