Thats a big portion of your portfolio on LTC. You still plan on holding it all the way to 1M even when Bitcoin is already getting segwit (one of the primary reasons that boosted LTC price)?
No plans to hold anything ad infinitum at this point. Later on that might change though. If we get up above $200 on LTC I might start dumping.  I think the point was why are you bullish on LTC when Bitcoin is getting the same main feature of LTC currently (segwit). Personally I'm an LTC bear because I don't see what it offers that Bitcoin doesn't or can't other than a faster confirmation time and different proof of work system. That’s your personal choice totally. But I don’t think so there is any comparison of bitcoins with altcoins. They are kids of the crypto world. Bitcoins are the rulers of the crypto market. You should accept that bitcoins are far better than altcoins. There security and other things are much better than that of altcoins. There are altcoins, and then there are altcoins. What you say is true for the vast majority, but there are exceptions that are just as good as, if not better than, BTC. I suggest you take a closer look at LTC, for example, if only to protect yourself - it's never a good idea to put all your eggs in one basket, although right now you're doing pretty well!  Cheers |
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I think MCO still in period stand still the price and around @25k sat - @30k sat is best price for buying before the price of it comeback to real value soon. The potential of MCO not bad, maybe better than XEM in current. Agreed. That swap is really looking good today.  |
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Thats a big portion of your portfolio on LTC. You still plan on holding it all the way to 1M even when Bitcoin is already getting segwit (one of the primary reasons that boosted LTC price)?
No plans to hold anything ad infinitum at this point. Later on that might change though. If we get up above $200 on LTC I might start dumping. I think the point was why are you bullish on LTC when Bitcoin is getting the same main feature of LTC currently (segwit). Personally I'm an LTC bear because I don't see what it offers that Bitcoin doesn't or can't other than a faster confirmation time and different proof of work system. BTC also has some risks that are much higher than LTC, for example, imagine how a catastrophic failure for one of the major Chinese BTC miners could affect the BTC blockchain. LTC is much more nimble, and just as safe. It's also clearly undervalued if seen from its 4:1 ratio with BTC. Just from this point of view it's got much more upside potential. One of the best risk/reward opportunities in crypto IMO. |
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FROM SLACK:
"kris [2:08 PM]
We are working on the apps, cards and Visa program - product is coming together really well and we have quite a number of exciting features that were previously unannounced and that we think users and investors will love. It's hard for us to keep quiet, but it's the right thing to do for competitive reasons. We will without a shadow of doubt have a product that is better than anything else out there. By a mile. Getting things done and getting things done right with the attention to detail you would expect from a premium brand takes time and effort. All I can say is that in our view it's definitely worth the wait. In terms of market communication, we understand it's importance and we have retained a well respected PR firm to drive the message home on a global scale for us. This was done roughly a month ago. We do not shout about it, but they have laid groundwork for a massive PR push when Visa approval is in. We are simply timing it for maximum impact. For all holders, please remember: Monaco core competence is a triangle of Compliance, Product and Customer Acquisition. We are building this product with customer acquisition and retention in mind, all the investment right now will allow us to acquire customers faster and less expensively once we go live with higher frequency of use and lower churn. This will deliver massive transaction volume and resulting growth in MCO token value. Compliance as or core expertise means that we will get our program approved faster and on better terms than our competition. It means that we will be able to manage a global rollout better. This is what we focus on day to day and it will deliver results for everyone with at least mid-term outlook in mind. There is no time for posting videos of us having lunch. Well technically most of the days there is no time to have lunch at all. But nobody cares, as we absolutely love working on this product and we're really happy with how it's coming together. We promise you will be excited to show your Monaco card and app to everyone you know and you will be proud to be an early MCO hodler."
This is exactly what I would expect from a legitimate business. Completely in line with all previous communications, expectations, and projected implimentations. Their expertise, know-how and professionalism is evident to anyone familiar with the business world. For those who really want to know more, and get further confirmation on what I'm talking about, read up! https://www.mona.co/https://mona.co/monaco-whitepaper.pdfhttps://www.cryptocoinsnews.com/monaco-visa-ico-launch/https://www.mona.co/press.htmlI just bought more. @amintek15, Thanks! And if it's not too much to ask, please let Kris know on Slack that we plebs on BCT are still very much interested in what they're doing. |
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Excellent thread! Whats your thoughts on XEL (Elastic)? Also do you have twitter?
Thank You!
I don't know anything about XEL. I'll have to give it a look over. Twitter: @HR_DGB Thats a big portion of your portfolio on LTC. You still plan on holding it all the way to 1M even when Bitcoin is already getting segwit (one of the primary reasons that boosted LTC price)?
No plans to hold anything ad infinitum at this point. Later on that might change though. If we get up above $200 on LTC I might start dumping. |
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But the best part of Steemit is that you can leave that for what it is and then do the positive things you want instead! Just like life! Cheers, and thanks for your research too! Always great to have a laugh. It sounds unbelievably infantile. But then so is our getting in a fuss over them. Like I said, to each his own. And, remember, there's lots worse, lots worse, just around the corner. The world's actually a pretty ugly place in comparison. So what's your account name HR? I know smooth has over 1.5 million SP, but what about you Little bit less than smooth.  But my last post will give you some insight into my thinking, what I'm doing, and what my plans are. This thread here on BCT goes into a little more detail about the specifics of my "investment" strategy: https://bitcointalk.org/index.php?topic=1936239.0In short, while constructive criticism is still a must as we obviously need to be able to identify shortcomings, I think at the end of the day it's all about moving forward in the positive with each of our grains of salt. We've got lots of work to do in the crypto sphere before it's ready to go prime time. |
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But the best part of Steemit is that you can leave that for what it is and then do the positive things you want instead! Just like life! Cheers, and thanks for your research too! Always great to have a laugh. It sounds unbelievably infantile. But then so is our getting in a fuss over them. Like I said, to each his own. And, remember, there's lots worse, lots worse, just around the corner. The world's actually a pretty ugly place in comparison. |
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What signs would you look for re. entry over the near-term? Assuming I'm okay with using BTC as the reference metric for my portfolio (as opposed to fiat), is it fair to say that if these present BTC/Alt ratios hold post 8/1 (lol) that this is a...reasonable...point for entry? For instance, BTC/STEEM is hanging around where you started in May, so by that metric, it looks much better now than a month ago. On the flip side, BTC/fiat is awful right now. I get more STEEM for my BTC, but start with less BTC overall soooo... (I guess just do the math?). Got greedy with the last correction and actually had a bunch of limits whiff just below the bottom. Been playing much more conservatively since then and ultimately been camping out like 80% in fiat for the last month (little dips in/out) because I really didn't trust the upswing. Portfolio is green, but I think I'm missing the forest for the trees. Kept hoping for one more selloff... Ultimately want to take a position and mostly hold. Clearly a risky time to buy BTC, can't tell what to look for for making the Fiat -> BTC -> Alt jump though. :/ And as always, I appreciate the updates on how your numbers are looking.  We had key reversal days off of support yesterday on LTC, BTS, STEEM, PIVX, NLG and completed a morning star reversal on SYS. If I were a buyer (I'm already 100%) this would be a damned good place to buy. Remember that this is high risk and that you shouldn't "invest" more than you could lose without it hurting too badly. BTW, I just sold the last of my NXT. Probably way too soon since it looks like a pump, but the offer was in and the decision had already been made.   https://i.imgur.com/17WX4QP.jpgEdit: Put the proceeds into NLG to bring it's weighting up a bit.  https://i.imgur.com/Ue4zIn3.jpg |
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Could someone be so kind and posts any good links that helps a newbie about steemit ? |
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 https://i.imgur.com/bU472di.jpgCurrent weightings: LTC 42.4% STEEM 15.7% BTS 14.4% SYS 8.2% PIVX 7% NLG 5.8% XEM 2% MCO 1.4% NXT 0.9% MYR 0.9% GRS 0.7% BTC 0.6% Highlighted in bold are the ones I think belong in that "handful" of survivors list. |
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FOMO gave you a bad entry point this month was terrible for alts, I hope August will be as good as July was bad The first 1/8 and the last 1/8 are the hardest to make and I try not to make them my concern. I also hope August is better - it will certainly start off that way as everyone scrambles to get back in. |
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Greetings everyone
I am new with the currency coinmagi and I am already mining for some time having a total amount of 30 XMG.
Well what I'm wanting to ask you is how can I earn more XMG through the PoS currency system.
I would like one of you to explain to me in the most practical way possible how to earn more XMG through the PoS system because my coins are stopped for a long time.
Thanks in advance for your attention.
Welcome in the awesome & friendly Magi community thx1901. You can find more info on www.m-core.org about POS. What kind of message gives your wallet when stopped with staking? Actually no message, the PoS icon is active in green color, apparently is not giving error. More what I'm trying to understand, is how it all works, by the post on the website explaining the PoS process, it's not clear how long I have to leave the wallet active, if I have to let it always active or if I can leave it Offline A few days, and one thing I have not yet learned is how I see the reward coming in my wallet, is it deposited at my address? Basically I'm wondering how much I have to have from XMG to PoS to start working? Just leave the wallet online that the PoS is already working? Do I have to leave the Wallet always online for the PoS to work or sometimes I can be with it offline with no PoS effects? How do I identify the PoS system profit in my wallet? I read all the content on the official CoinMagi website about PoS-II plus those doubts above still remain for me, could you please clarify me?  |
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Wtf you are really going to beat it. I watch it since the beginning I am speechless. You literally converted your 10k into almost 50k$ while my x amount of btc got me only %200 or smth since the 1k$ price range from January. I still have hesitations for litecoin tho. What was the price of ltc when you first bought it? I am too afraid to get into ltc while it is +40$ and bitcoin is about to get segwit. On the other hand I can't help but think that segwit on bitcoin may actually pump ltc even further. I am too coward with alts, I'll never be rich it seems Nice job. Yeah, so far, so good, but that can always change, especially with heightened uncertainty. There's lots of speculation that BIP91 isn't the end of it yet for BTC and lots of talk still of splits (plural). Here's a sample: https://steemit.com/bitcoin/@stan/bitcoin-unchained-the-platform-independence-movementMy bet, and it's a bet, is that LTC will do well in that kind of an environment, as will other, top notch cryptos, but the rest could get slaughtered. And LTC could also get slaughtered right along with everyone else. And what happens over a four day period could well be devastating but very short lived - volatility could well go up and what starts out going in one direction reverses hard in the opposite. Diversification and a strong stomach are the only things I can really recommend. Everything else is an educated guess. I'm currently very long and completely unhedged. If the general market gets slaughtered, I get slaughtered too. We'd then have to be patient and watch the proverbial paint dry as prices slowly but surely (if you've picked good ones) come back. And none of that could happen, and everything goes up. The stock and bond markets are out of short term trouble and climbing again, so there is rational to support another broad based rally, BTC included, even BCC and BTC-U! |
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Steemit is mathematically designed to collapse in on itself (yes, I've read the whitepaper).
The white paper is out of date. The business (economic) model has been changed. As for the rest of what you said, I'd only ask why that same logic hasn't caused the demise of every social media ever developed, and, if not, why not? (Then you'd probably be on to why Steemit just might not only survive, but also thrive.) |
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