If anyone is thinking about buying subscription from this guy, know that people sell it online for like 20$. I thinkh he's subscribed to palm beach and thus gets access to all the info, then sells that to others for his own rates. But you can litterly get this stuff online for a few tens

Probably not, Bittrex doesn't list securities under sanctions of the SEC. Since Ncash doesn't have a working product yet they won't be listing it.

I think they had a partnership announcement with BMW or something so that might explain the price pump.

Depends on your costs I think Ukraine has very cheap electricity so its probably profitable, altcoins are just a gamble really. Also legalizing mining will probably attract some big players from all over that contribute to your domestic economy and create jobs.

No it doesn't work like that. Bounty campagnes go by stakes and in the case of earning stakes over time such as with a signature campagne, higher ranking members will earn more stakes over time than lower ranking members. If a bounty has allocated 1 Million tokens for a campagne but keeps postponing their ICO the higher ranking members will earn more stakes and get a bigger portion of the bounty vs lower ranking members.

Yeah there is truth to what he says, higher ranking members will outpace you in earning stakes and thus their income vs yours will grow whilst yours decreases. Can't tell you to stay or leave but you should try to figure out if you think its worth it. The signature bounty I am doing for Chimaera also has a bit of a reputation for postponing their ICO, their original plan was April last year. I believe in the project though and I'm personally very excited about it, hence why I joined it so I'm staying and finishing what I started.

Legendary member gets 10 stakes
Hero gets 5 stakes

The longer the bounty campagne the wider the gap of stakes earned between Legendary and Hero.

Yeah I agree, I know that boxmining shilled Moirai which turned out to be a scam and I got burned on that. I'm personally very picky when it comes to ICOs (after getting scammed). But I think it's like you say, people are just FOMOing into them without doing their proper research. Looking at some of the FAQs on sites of these projects they are stuffed with nonsense questions that you'd expect from people who don't even know what crypto is. Some ICOs don't even have a graph of budget allocation even if it is just a percentual pie chart. I think Andreas Antonopolous also warned for this that a lot of these ICOs just hand you a brochure. I bet most people don't even know what a whitepaper is.

*spoiler alert*

A whitepaper is a technical explenation that is academically reviewed. I think Cardano is the only project that actually has one. Essentially, when you give Bitcoins to an ICO you are litterly giving them gold (given that BTC is the new gold) for their idea's. Now let that sink in for a bit. Have you ever been handed a gold bar because you had a bright idea? Probably not. All ICOs that have been given BTC and ETH in 2017 have likely seen their budgets double, triple and quadruple in value too. I would go as far as assuming that a lot of these ICOs never sold their BTC and ETH for dollars. Maybe a few percent and are just hoarding it.

I am yeah cause the court settled this. They know exactly how much BTC there is and its rather strange that the judge would settle for a price way back then when the prices of selling we're 20x-40x higher. leaving Gox with the excess, less he was bribed or something.

Is FUD the new censorship in crypto or something? Say something (true) that someone else doesn't like and they try to chase you out of the forums. Get real man, people have opinions.

In my opinion holding is overrated you have to actively manage your investments, crypto is highly volatile. I'd say that in a bullmarket holding is just fine but not in a bear market. I sold everything off before shit hit the fan and I'm hearing stories everywhere of decimated portfolio's that are -70% or more. Unless you're willing to sit trough a bear market which can take years holding will work for you but if you care a little more about your investemnts and aren't sure if they will come out right then you're better of actively managing them. Having some more in-depth market knowledge sure can help.

I read that the court settled on 400$ per BTC for dupees of Gox. Guess Gox leaves with a fat paycheck from this all huh?

Futures aren't some boogeyman responsible for price crashes.

Just because this generations children is more on their phone and tabloids doesn't really mean they are more ''techy''. Do they understand the mechanics that makes their gadgets work? If not then they are just addicted to consumerist products. Do you they how to build an app on a tabloid/phone, do they know how such apps work or are they atleast curious to the insides and outs of software? If not, then they are likely just addicted.

I know some schools try to adapt to the generations needs by throwing away textbooks and making informative gamified apps that can teach children, but if they ever want to achieve something like university they will need to be able to read long lines of text, being able to concentrate for hours at a time and be able to comprehend these things. Getting their attention with flashy animations will work untill the work becomes more serious and in depth.

I agree there is manipulation but there's also a lack of liquidity that gives BTC its volatility and also other coins. If you are in a highstake position on BTC and it rises 500$, thats a great return per BTC especially if you're then also trading on margin/leverage. So if you have 100 BTC for example a 500$ would equate to a profit of $50k and thats in 1-2 days, if you're then on 5x leverage the profit is even more astonishing. So there are a lot of factors to keep in mind. Also people generally complain that the market is manipulated when it goes down but nobody thanks mr Whale for manipulating the market up even if its just for his own agenda, a lot of people profit on that, same goes for altcoins. Stock market is also heavily manipulated but most people here in crypto don't have a lot of experience with stocks. There are some big players that will cause a dip in the price of a commodity or stock to trigger stop losses and buy up all the shares to profit on them later when people start buying back into it.

Yeah he did sell a lot of BCH a couple hundred million worth of it. Its mentioned in the first article that exposed this Mt Gox whale.

Personally I don't think there's a good solution to this, you are likely to see more unemployment as the years go by. I think that eventually we will hit a point where there's so much unemployment we will move into a more leisure society (given that there's significant food production). There's no reason we can't give homes to the homeless and food to the hungry except for a system that feeds on capital. The only thing that would really work imo is communities getting together to solve the problems themselves instead of relying on someone or some government, easier said than done but nobody says its easy. Ofcourse there are also countries that have bad climate and conditions for sufficient food production, but tech should be able to solve this. Its just that there aren't enough initiatives to help certain countries and likely there's also not enough apprecation and too much corruption from countries benefiting from these initatives.

He has a point though, 1.5 Billion for something that doesn't have anything to show for is ridiculous. But its the nature of this market that this works as everyone is heavily speculating and prices shoot up and crash down. So it can still be profitable ''investing'' but thats with every token/project, they all promise the world to you but seldom deliver.

It would make more sense if a company defines its prices in USD. Generally the thought is that its ruled by supply and demand, if for example a company shows growth in use every quarter consistently than the tokens should rise with the demand aswell. But right now utility tokens are pure speculation and not really worth investing in imo with a few exceptions. If a product/service is widely adopted though and the tokens are the only means of payment then they should rise with that demand.

Lets say in your case indeed we have $1 dollar tokens, service costs 10 dollars so 10 tokens and the circulating supply is $50MM, that would mean a marketcap of $50M for these tokens (doesn't reflect company's worth). Then you'd expect that this company does a similar amount in transactions. If you have 5million customers anually and the service is has an anual fee then it doesn't really need to be worth more than $1 per token. Imo utility tokens are absolute bullshit, its very unconveinient transacting with them as every company will have their own shitcoin. Companies should adopt the GAS token of the platform they build on such as ETH with Ethereum. The tokens should be used for revenue-sharing/dividends but regulations don't allow for this.

Unless the company sees a huge influx of new customers that are all buying up the tokens cause they want to see use the service the price would increase, but it will always come down as the company now needs to dump these tokens. Its all very messy. I can be wrong but I think this is roughly how it works.


You can also view these utility tokens as ''credits'' like a lot of online platforms already use such as online dating sites. If you get that they are really nothing more than credits or stamps you get in a supermarket where you get discounts (such as carvertical does) you realise its not investable and incredibly risky as there is no reason for them to be worth anything. With platforms like ETH you have network value, same as BTC, for a company that uses utility tokens this isn't the case and honestly utility tokens should be banned cause its a big fraud.

here's an example of what I DO think is a good token. See my signature (yes I'm half-advertising it but I believe and understand it) they are a gaming blockchain/platform where developers can build games on the blockchain without getting into specifics on why this is a good idea, i'm going to briefly explain the token purpose. Virtual games have always seen their own economies such as Runescape WoW and Final Fantasy games, CSGO etc etc. The prices of for example Gold on Runescape and gold on WoW fluctuate same as the prices for goods on CSGO for example. Chimaera's token is the unified token on which you can pay for anything on the chimaera blockchain, items, gems, P2P transactions for goods and accounts etc. This is why imo this token makes sense because its no different from the fictional currencies already used in games like Runescape and WoW and other games. The more players this ''network'' sees the higher the token price is as everyone transacts in chimaera and converts that to USD or ingame items, goods and accounts. It isn't a utlity token, it can be viewed as a fictional ingame currency, I think the price at some point would stabilize though as there are many factors that would give the token its value. But ofcourse it all depends on adoption with every currency, the USD moves against other fiat currencies in terms of economic results and frequent use etc. Not sure if what I'm saying really makes sense, it makes sense in my head though

Most of them aren't really investable, are scams/frauds or simply don't deliver. I'm very picky with the ICOs I get into and I've got 2 on my horizon, the one in my signature and another one, Atonomi. I kind of want to have coins in my portfolio that I can hold on to for a couple of years such as:

ChainLink
Universa
Skycoin
and those two ICOs I just mentioned. For example I think the Ncash project is a good one altough very niche for high end clothing stores and what not. I don't see that stuff being put up in the more low tier clothing stores.
I also don't think it really needs a token, imo they could have found a private investor and just start knocking on the doors of these clothing stores. I'm pretty sure VC's would be interested in a concept like this. I agree they should use blockchain because of the data security though. I can be wrong but its just my opinion, so I rather invest in the platforms/infrastructure projects as they have a wider scope of implementation and usecases. Universa for example has already signed Ernst&Young for blockchain implementation for the public sector and are working on more deals, besides that Universa can host all kinds of stuff that can be tokenized such as stocks, derivates and more. I saw an ICO that had patents on 3D printing models and whatnot and I thought they had a cool idea regarding the tokens. They fundraise the amount to get started which wasn't a lot and in the case of an IPO your tokens get converted to shares in the company. I think a lot of ICOs should go a similar route. An exchange like HybridBlock trying to raise 50M and in return I get an utility token that people can use on their exchange doesn't really get my engine warm. If such an exchange is succesfull they would be raking in billions but I don't really ever get a share of that. Sure tokens going 10-20x is all a lot and very cool but you don't know when this stops. Unless I really think the token makes sense such as with Chimaera where the token features an integral part in the games and gameplay developed on their blockchain/platform I don't really care. Utility tokens are by far one of the worst investments you can make. There's a reason most top coins have their own platform and blockchain.

Sure I think its cool and all but it takes quite a bit to get high volume, the highest volume exchanges are Bitfinex (BTC), BitMex (BTC futures) and Binance (altcoins). I think Legolas will have to take it on altcoins as they are having the hardest time, I don't really see people move away from BitMex very easily. Bitfinex is also whale territory as you need 10k USD deposited to trade on it and unless you have a good stack you shouldn't bother going there. So Legolas might have some cool stuff but it still needs to attract attention from traders.