"We aren't in a bubble" but then he goes on to explain basically exactly what a bubble is. It's new people joining the fun with new money because they are worried about "being left behind" since they see everyone else making profit. It's irrational because people make these decisions purely on emotions such as greed & fear, that's what makes a bubble a bubble. As long as new people join, the bubble continues (sound familiar anyone?).

To argue we aren't in a bubble is to say that many of the shitcoins being pumped right now have real world value. (digibyte? Dnotes? Naut? a few prime examples)

I think it's 100% more likely that people look at the graph and see it rising and say "rising is good" and buy some lol. That's about as far as most people's "technical analysis" goes. It's irrational exhuberence, the fear of being left behind.

It's also the same emotions that causes friends & family members to want you to "invest" their money for them because they see you making good profits right now, little do they realize most of us have been holding for over 2 years now!

That doesn't mean I think the bubble is going to pop soon, tbh I think we are just getting started. Let's just not try to rationalize something that is inheritly irrational by nature. Let the price & volume do the talking, as truly no one knows what comes next.

Looks like a new twist on the same ole scam to me.

I just saw this advertisement on Youtube. This shit will probably blow up like OneCoin did with how hard they are trying to market it to normies.

https://www.youtube.com/watch?v=Za3fjOm3--I

"How Much Money Did You Lose NOT Buying ETH?"

I lost exactly zero dollars/btc. You can't lose something that you never owned.

This is what I like to call "Hindsight Investing".

Solid advice. Also, most hospitals will pay your student loans if you sign a contract to work with them for a specified period of time. I know it's this way with nurses as multiple people in my family have paid off their thousands of student loans in this manner. Maybe you can find something like this?

I know Lovelace & Presbyterian (both USA hospitals) offer this type of deal. For nurses, it was 3 years you had to work for them.

Ya sorry guy, I don't think anyone is going to be able to recommend this.

Never borrow money to invest, that's just asking for trouble. Never invest what you aren't willing to lose.

Also, this is something I see repeat each bitcoin bubble, every time I make money I have people beating down my door to "invest" for them, but they don't realize that the boat has already been missed. If you wanted to invest in bitcoin it should've been in 2015 when it was a few hundred dollars each and the risk to reward made alot more sense.

It might seem like right now everyones making money, but buying this late in the game you've got a 1:1 risk to reward at the moment. You risk $100 to make $100. Buying in 2015 and holding until today, for every $100 dollars you risked, you would've made $733. Your probabilities of cashing out in profits is much higher with the second option.


No one here can tell you how far bitcoin is going to go, I can say it will probably go to 2500-3k for sure, but after tht is all up in the air.

Please do some heavy thought and studying to make sure this is something you'd like to pursue. I lost thousands of dollars for many years before I ever started to get the proper mindset to become a profitable trader. If you trade because of emotion (which it sounds like this might be because of anxiety that you want to invest), you are destined to fail like 90% of all traders. You will either sell too early and take a loss/miss out on profit, or sell too late and miss out on profit.

Also, with how fast bitcoin is moving, it'd be extremely wise of you to wait until the next correction. I could seriously see bitcoin dropping $500-600 a piece no sweat next correction. If you must, buy the dip. When the correction comes it will be a volatile one, purely because of how fast we are moving now. Buying in now might be a blood bath.

'

I would like to be the first to suggest "MAIDVAULT" lol XD

"I find it all very irrational, but if I can make profit from it I'm game."

Lol, I think that rings true for alot of markets, but definitely for bitcoin/altcoins. I think the vast majority of us were/are just holding for the next bubble. We are all playing the greater fools game, buying expecting to sell it to a greater fool for more in the future.

I think long term success for alot of people means bitcoin/their altcoin continually rising. The thing that people miss is that bubbles are caused by irrational thinking, they aren't supposed to make sense. They build because of emotions, such as greed, so powerful that it overpowers rational thought. Its what makes people overreact and mortgage/sell their house and buy bitcoin after it's already risen nearly 10x, something we've now seen repeat during both the current & last bitcoin bubbles.. Irrational exhuberence. (I really hope that dude from 2013 kept that shit, he's sitting pretty today if so, its hard for a non-trader to hold with conviction though, especially after it loses 50% and you start thinking "what if it never comes back")

I 100% don't see a reason for bitcoin to have a 50b market cap unless there's so many people using it that the system needs to hold that much value/liquidity in order to transact properly.

Long term success for me would be being able to pay every bill I have and make purchases from nearly every store using bitcoin directly. We can get into the argument of whether bitcoin will be surpassed by an altcoin in the future, but it's the same philosphy. The first one to it, imo, is successful.

If I was to say the steps I'd take to create a coin for mass adoption, I'd get many different partners accepting the currency (something that will be extremely hard to do because of regulations and worries about price fluctuations and why they should trust your currency). You'd also simultaneously want people using the coin (otherwise what's the incentive for accepting it?) so I'd advertise using social media and pay massive amounts to advertise all over the place outside of bitcoin related circles.

The thing is, coins have tried this. Auroracoin is a perfect example of how hard it is to get anything going. If you hand out free coins, they are going to sell them and take the money. If you sell them the coins, they are going to call you a fraud.

The only way I think it will happen is if it's meant to happen. Bitcoin has come a very long way since it's infancy, now it is being accepted my Japan as legal tender and has made headway in nearly everyone country in the world. That's something literally ZERO altcoins can touch, because it can't be artificially replicated.

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).

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 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?)

Let me know if I'm wrong, but if I post content on Reddit for free and you tip me, I'd be thankful, BUT, that content was posted for free one way or the other... I was going to post it either way. So in the end, that tip to me was pointless, other than to say "thank you" (which btw, a simple "Thank you" is just as good to me as a 0.20 cent tip). By no means did that tip influence that first post, but it might influence my next post (hoping to get more tips).

That assumes that tipping is supposed to motivate users to create better content.

Other than to say thank you, what is the point of tipping? And why not just say "Thank you" instead? Most of us won't bend down to pick up a Nickle now a days, so unless 1k people are tipping the OP 0.20 cents, I don't see it being much motivation.

Do we really want to create a social media culture of money-hungry people "posting better content" in the hopes of getting paid? lol, I know the content I posted on Steem was by no means "better content", it was more like fishing. I just kept posting shit until something paid off lmao. If anything I'd imagine it increases spam/duplicate content instead of cuts down on it, after all, it's much harder to do something for free than under the guise of getting paid.

Inevitably, the profitable business model will be quantity over quality in a for-profit social media business, simply because the more articles you have out the more "fish" you are catching in your "net", regardless of quality of content.

Also, people are so stingey in this world, I really have a hard time seeing anyone have a $100 wallet purely to tip others with, but maybe I'm a bit more cut-throat in that way. You definitely aren't going to get a tip out of me haha. If you can get the same information for free, I gaurantee that the vast majority will go that direction without tipping.

It seems to me like it's some weird altruistic behavior that only a small percentage of actual reddit users would follow through with.

Please correct me/explain to me why tipping is an important integration to a platform like Reddit? (this also applies to any of the for-profit social media platforms like Steem & Synereo).

Thanks! Enjoy the convo!

Edit: Also, what would be the benefits of using a altcoin to make trading among social media sites more "stream line". Unless you have alot of people accepting that coin as payment you might as well be using bitcoin to cut out the step of having to exchange REDD to Bitcoin (if we are talking "stream line") and even then its still hard to spend bitcoin for the average joe. Fees currently make that unplausible for micro transactions, all other alts are hard to buy anything with. It's check mate lol.

Also, I know if I ever send anyone money on the forums, I do it with Paypal so when I don't receive what I ordered I can get my money back. People on Social Media are dumb, you are going to have to protect them from themselves otherwise it's going to be a shit storm lol.

I also think that Kraken.com should be added as an addition to the list others have provided.

Poloniex & Kraken by far win the war for me. Security wise, I prefer Kraken, especially if you are a US citizen.

Good luck man, go make some money!

Not sure a Maid trade will pay off this month, it's been flat for a while. ICO might help, but I'm still waiting for MaidSafe to produce a workable coin after all these years. Looking at the graph though, I see no reasons to purchase this until it breaks to new highs. I'll bite on Maid if it rises above 21k, but, I won't be happy about it lol.

Storj is at least breaking new highs. Hopefully Storj holders will get some profit.

All I can say is Thank you SC for making me lots of profit. SC is still going to rise too, it just broke through new highs. If the others start to look juicey I'll buy more.

I just am sick of hearing about MAID since back in the day it was all amazingness coming and here we are still waiting for something to be produced. Even if its in testing at the moment, I still consider it vaporware until proven otherwise.

Lol damn dude, remind me to never ask you any questions, wouldn't want to be castrated with a spork.

If i had to guess, their reasoning is to push the community to make a decision on the blockchain debate. It's starting to get to the point now where if we don't do something it's going to cause bitcoin way more harm than good.

Did you lose much to them OP?

Alot of people wouldn't believe it, I remember trying to tell people on Youtube and just getting bombarded with people going "You are a dumb ass, you can't see opportunity even when it's right in front of your face". I tried to explain that you can't sell the coins, there is no blockchain (effectively making the whole system vaporware), and the owners have scammed before (I.E. see "BigCoin" lol), but it always fell on deaf ears. Everyone was super lit on the OneCoin koolaid. lol

I honestly think alot of people didn't expect scammers in a MLM Ponzi to be so up front & in your face. We've got Forbes magazine covers (Forbes, you should be ashamed), we got countries whom has diplomats standing next to the scammers, we got commercials and youtube and affiliates. They definitely knew how to make something viral, and they completely left this forum out of it (smart on their part, knowing we'd see through their shit in the first post). I can't blame people for falling for it, I just think if the average Onecoin investor had even a basic knowledge of how bitcoin works and the altcoin section of this forum they would've seen this scam from a mile away.

I'm sorry if you got caught up in this, but let it be a lesson. Don't invest in things you don't understand, especially in the world of crypto. There's way too many people here ready to take your money, you need to be choosey.

I wish you the best of luck in the future.

Ps - Straight up, the legitimate coin that adopts Onecoin's viral marketing strategy (minus the ICO/Ponzi scam BS) would be friggin HUUGGEE

That's pretty cool. What style of card game? You might want to look into "Spells of Genesis" and their currency "Bitcrystals". They are one of the more popular blockchain-based card trading games. You might be able to get a few ideas after seeing their system in action.

Now to play Devil's advocate, other than the card game, were you planning on the currency having actual real world function?

The reason I ask is because it's alot harder to sell something when a person have to buy a special "pot token" then trade that for the end product when they can more than likely drive 20 miles in any direction and complete the transaction with Fiat.

There's many different avenues, rev-sharing coins are always interesting (if you are looking to fund a business), though I'd be fearful of the legality of that type of situation.

I like the idea of a trading game though, especially if it's catchy!

honestly I don't, this is quite puzzling.

I recommend trying to get ahold of Ledger customer service, they might have the best idea of what to do. They can be reached here: http://support.ledgerwallet.com/help_center (just click the contact support button at the bottom corner)

I wish you both good luck in figuring this out. I haven't moved any LTC since segwit, so I haven't had this exact issue.

As a general policy of not trusting any exchange, I've only kept coins in poloniex long enough to exchange them. I must admit that something does seem fishy over there. I don't know what it is and I'm not going to speculate, but I definitely don't want to give them any of my coins.

I'm probably not going to be much help, but do you use the Ledger nano program to access your ltc? or are you using electrum?

If you are using ledger nano program, try electrum ltc (which will allow you to access the same wallet with the same access code). I'm not sure if this will help in any way but you can do alot more with electrum than I ever could with the nano specifically built program.

I'm hoping someone that actually knows whats up responds soon for you.

I wish you the best of luck in recovering your coins!

Solid advice. Day trading is a myth, the unicorn of profitable trading. I've yet to meet a profitable day trader that wasn't using HFT or some other program-based trading method. The vast majority of all trading strategies can't beat a simple buy-and-hold strategy in the long run.

Hunt down coins with solid, new technology and buy the dips. Don't mess around with Ico's, buy them after they stablize if/when they are proven not to be vaporware & worth your investment. Hold for the long term.

And, it is 100% true that the exit is way more important than the entry. I can't tell you how many lessons I've learned by either selling after it goes down on me and losing money when I should've made money, or selling too early and missing out on a major amount of profit. It's always bittersweet, your goal as a trader is to take as much profit for as little risk as possible, make that your goal. Trade profitably by trading less and never let your emotions decide whether it's time to buy or sell. Be mechanical.

Also know that the Altcoin boom won't be here forever. The time to buy was in 2015-2016 when most of the coins were stagnant and everyone was saying "Litecoin is officially dead, you bag holders".

As Warren Buffet says: "During times of greed, be fearful. During times of fear, be greedy".

Feel free to PM questions, I enjoy trade talk, even though I'm nothing spectacular nor should anyone follow investment advice from strangers on the internet, feel free to ask away.