arnie123 = atlantis
Seems so
No way. Arnie123 is far more lucid than Atlantis, even taking into account the fact that English is not Atlantis' first language. Arnie is just another doubter/FUD spreader. So what?
__ __ __ __ __
I'm in this for the long haul. I'm over 40, married with little kids, and have been investing my meager savings in the stock market since I was a teenager. I've made some large chunks of money and I've lost large chunks, too. I've never been much into day trading although I do it once in a while. While it can certainly be profitable, it is very difficult to do well over time. Plus, it's stressful as hell
I prefer to look at long term trends, not minute to minute price fluctuations. The problem is, this whole world is so new - even for those who were mining BTC from the beginning - that there simply is no long term. Yet.
Right now, the entire market is very, very volatile. And with the explosion of popular interest over the past year, the introduction of cheap ASICs, an huge influx of noobs (like me), and a ton of other reasons, the entire crypto market is going to stay that way for some time. It is just beginning to find its footing.
With everything based on BTC and the value of bitcoin swinging around as wildly as it has in the last 6 or 8 months, there is an immense amount of "irrational exuberance" - not for the concept of cryptocurrency but for the valuation of it. A lot of things have to settle down before we get a clearer picture of where BTC is really going.
Will BTC be/remain the "standard"?
Can an alt coin (like Doge for example) prove that it can stick around if they don't reach the moon in the next few months, their (admittedly awesome) community calms down a bit, and the pricing stabilizes?
How will governmental regulation affect crypto? Or perhaps I should say how badly will all of that regulation hurt it?
Or will crypto become a currency type that really does become fiat-independent and we are at the begining - the very lowest floors - of a new paradigm?
I don't know the answer to any of these questions but I do know that I'm excited enough to have invested real world money. I don't have much - my sum total invested in crypto is 0.5btc. I've managed, through some limited day trading and arbitrage, to acquire more than that but I am just a little fish - pretty much just krill for the whales
Still, I am in this for the long haul to see what happens. No, I do not want to lose my money but at the same time, nothing risked means nothing gained. And once again, this world is so young and this coins is only a month or so old.
Truthfully, we are just one alt coin in a sea that grows larger every day. And there absolutely will be a shakeout where a lot of them (I suspect most of them) will get more or less discarded. They'll end up like the penny stocks that you get market manipulating emails about claiming that "company x is poised to make a huge breakthrough - buy in NOW NOW NOW!" In fact, that's really what they are now - including us. Now some of those companies survive and prosper and some of the alt coins will, too. The big question is: which ones? Nobody knows. For me, I'm looking for steady guidance, developmental progression, and, eventually, a stable and rising price. NONE of the new alt coins has all 3 yet but after looking around, Smartcoin is one of the ones that I think has a chance. I think our dev works hard and isn't easily shaken; I think there are some smart, enthusiastic members in this community who provide lots of great ideas such as logos, promotion, and exchange acceptance; and, yes, I think the name is good and that is a definite positive.
I chose Smartcoin because it looks like one of the better bets and my money is in for the long haul, even if it goes down to 1 satoshi. On the one hand, my stake is worth a fraction of what it was, even as I still mine, so there is no point in selling. But on the other, even if we were roaring up the valuation charts, I'd still be invested. I'm incredibly curious to see where this whole thing goes!
Thank you for your thoughtful words, sinnyc. I agree with you - the digital currency crowd tends to be a little more on the anxious and flighty side. However, you can rest assured that the SmartCoin team is a dedicated bunch, and we plan to continue developing awesome features for SmartCoin regardless of day-to-day market fluctuations. As we've said many times, SmartCoin is a long-term investment, not a get-rich-quick scheme. I'm glad you see that, and I'm glad you're a part of the SmartCoin community.
Show Posts
