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5961  Alternate cryptocurrencies / Altcoin Discussion / Re: Careful out there... on: January 23, 2018, 12:33:16 PM
I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap.

But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens heīs set is 2 BILLION  Grin Grin

Frankly, nowadays you have to read carefully even when looking for bounty out there  Roll Eyes

Can you share which ICO this was for? So other people don't fall for it.

Frankly not enough people do their research, let alone read the whitepapers.

I wonīt share the name because I donīt wan to enter a war with anyone (unless I am provoked or insulted). Technically is not a scam, so if people that canīt make numbers try to buy things they donīt understand they will learn from their experience.

Read the WP, check that the team is real an legit and up to the job, donīt trust otherīs research and learn. AND PLEASE PLEASE PLEASE ... if you donīt know donīt jump in with all your hard earned savings!! Be careful and even then know that you can loose a lot!
5962  Alternate cryptocurrencies / Altcoin Discussion / Re: Do your numbers before entering an ICO - how to on: January 23, 2018, 12:28:04 PM
Nice way to put it OP, although I don't really get it lol! *sorry*

In my case, before I investing in any ICOs, I'll check their total supply first, then their whitepaper, then roadmap, then the team behind it, and the last but not least, their mission. I love an ICO with infographic pictures too, it makes me more confident to invest in it.

Ok,put it this way, I am selling you oranges. I have 1000 oranges and I will be selling 10 to the public.

Letīs say that I manage to convince 10 people to buy my oranges at 10 dollars each. I will get 100 dollars.

Now, since I have 990 oranges left and the market price is 10 dollar per each, then I have 9900 dollars in oranges, that is, my tokens are worth 9900 dollars.

Except that it is not true at all! I got 100 dollars and a lot of oranges and when the people who bought them try to sell them they wonīt even be able to get 10 cents per each because there are too many oranges and they are not worth 10 dollars at all, even I scammed people into believing it.
5963  Alternate cryptocurrencies / Bounties (Altcoins) / Re: 🔥【Bounty】【MAX - $555,750 】⭐️⭐️ EFFECT.AI ⭐️⭐️ 【 2x Reddit/Steemit】 ⚡️ by NEO on: January 22, 2018, 11:16:32 AM
Reserved Spanish Translation.

I am available for Ann, WP, one pager, etc... Including updates and moderation in the local forum if requested.

Please, find bellow a link to the Abstract of Effect.ai already translated to get an idea of the quality and speed that can be expected.

https://docs.google.com/document/d/1aB2l_mQHUe9GG-p4aecJ3a9ADjU0xGFr9gBrBmjibSI/edit?usp=sharing

Portfolio samples are also available under request. Please, care to PM if this suits you.
5964  Alternate cryptocurrencies / Altcoin Discussion / Re: Careful out there... on: January 22, 2018, 10:10:32 AM
I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap.

But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens heīs set is 2 BILLION  Grin Grin

Frankly, nowadays you have to read carefully even when looking for bounty out there  Roll Eyes


Some trader invests on a coin with promising tech background and future projects.
If they see that they can profit on that coin they will get it make make profit of it.

Can't you see the problem here? It is impossible to make a profit, any profit, unless the token goes at leas x1000 if not more.
5965  Alternate cryptocurrencies / Altcoin Discussion / Re: Careful out there... on: January 22, 2018, 10:09:32 AM
I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap.

But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens heīs set is 2 BILLION  Grin Grin

Frankly, nowadays you have to read carefully even when looking for bounty out there  Roll Eyes
Agree, the developers create many projects where they have a critical amount of coins they can sell any time . I believe that all unsold tokens should be burn

In this case is not a question of the tokens being kept really, is just a question of setting the token price as if a company was worth billions when it's just a garage thing.
5966  Alternate cryptocurrencies / Altcoin Discussion / Re: Careful out there... on: January 22, 2018, 10:08:19 AM
I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap.

But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens heīs set is 2 BILLION  Grin Grin

Frankly, nowadays you have to read carefully even when looking for bounty out there  Roll Eyes

You might be amazed of how many people will invest anyway, many people are oblivious.

Oh yep, the guy is just trying to get his 1 million, so he is likely to succeed because people throw their money to anything that has the keywords and buzz.
5967  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: What happens with WAX token sale? on: January 22, 2018, 09:57:59 AM

WAX (WAX) - Crypto Index

https://www.onebitcoinbuy.com/wax-cryptocurrency-buy-money-invest-or-sell.php

WAX – The Future Standard of Virtual Asset Trading From the Makers

 Cry

That page looks more like a pishing site. The token sale was at https://wax.io/

As I said, probably not smoothest one out there, but eventually they got listed and traded. Not a huge profit, but it is above ICO price.
5968  Alternate cryptocurrencies / Altcoin Discussion / Do your numbers before entering an ICO - how to on: January 21, 2018, 09:11:34 PM
I am seeing so many new people here that I thought I would make a post about the basics. Surely many people know this, but others donīt:

If you are considering an ICO, you like the team, advisors, roadmap, idea, etc... There is a number you have to make.

Look a the total number of tokens.
Look and estimate the average price of the tokens in the sale.
Multiply those. That is the "marketcap" of those tokens.

If that number does not make sense to you, run away.

Example: Startup X sells 1 Million tokens at 1 dollar each. They keep 3 million tokens. This startup is saying that their tokens have 4 million dollars of value total. Can be reasonable, although they are keeping too many tokens, so the value is unlikely to go up unless very good things happen.

Example: Startup Y sells 1 Million tokens at 1 dollar each. They keep half million. They are valuing the tokens at 1,5 million total and only keeping half a million. Much better.

Example: Startup Z sells 4 Million tokens at 1 dollar each. They keep 100 million. They are valuing the tokens at 104 million total and keeping most of it. It is nearly impossible for that token to be worth what you paid for it.

5969  Alternate cryptocurrencies / Altcoin Discussion / Careful out there... on: January 21, 2018, 09:02:27 PM
I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap.

But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens heīs set is 2 BILLION  Grin Grin

Frankly, nowadays you have to read carefully even when looking for bounty out there  Roll Eyes
5970  Economy / Exchanges / Re: Etherdelta failing on: January 20, 2018, 10:43:57 PM
There is a huge market here for an alternative to etherdelta.
I do not understand what you mean , You mean there is other services like Etherdelta ? , If so then please give me couple of them .

There are some projects of decentralised exchanges, like Radar Relay, etc.. the problem is they donīt have much volume yet. The future is to have many more. I donīt think ED is particularly buggy, but the Ethereum network is very temperamental.
5971  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Can ETH reach BTC value ? on: January 20, 2018, 01:50:09 AM
Just wondering if ETH can
Most surely it can reach the same market cap and will IMO go even higher than that. Frankly, the ethereum network has lost of projects being built on it while BTC is sleeping placidly.
5972  Economy / Economics / Can cryptos destroy the invasive marketing? on: January 20, 2018, 01:47:35 AM
I am in favour of marketing campaigns, but I am not in favour of harassing people at every corner. It seems that the marketers have become quite wild. Could decentralisation help with this?
5973  Economy / Economics / Re: What is your best investment strategy? on: January 20, 2018, 01:45:00 AM
My way is the VC, so I look through tens of business plans, teams CVs and competitive analysis and chose one good investment to stay in for a month or two. It works for me due to my time availability and experience. Others do trade.
5974  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH Gas fee just reduced to 1 GAS? on: January 20, 2018, 01:42:07 AM
What happened? Waoh

https://ethgasstation.info/

We still have pending transactions there, however the gas price is just 1 GWEI For standard?
Did the network just improved or what so ever? haha

The ethereum network is quite temperamental. If you happen to be in the run with a massive ICO just forget about moving your stuff for a decent fee and the opposite is also true, there are valleys in transactions so yes, it could be the case. Just check ethgasstation.
5975  Alternate cryptocurrencies / Altcoin Discussion / Re: Average cost to developer a token on: January 20, 2018, 01:39:33 AM
I am getting quotes for my token to develope but not sure what the normal price range is for a standard token and smart contract?

What would you say if I ask you the price to make an App? It depends on what you want and it depends on what degree of trust are you going to put into it.

If you need just something very simple, there is a project called Simple Token that may suit your needs. Also, some other developments are out there to generate tokens out of the box with just point and click. Just research a bit and youīll find them.
5976  Alternate cryptocurrencies / Altcoin Discussion / What are your views about the goNetwork ICO? on: January 20, 2018, 01:35:33 AM
I am asking because I donīt know if I am blinded by a flashy light, but I donīt see anything wrong with this ICO and I do see things I like. Is anyone familiar with it?
5977  Economy / Economics / Re: Bitcoin's High Volatility on: January 20, 2018, 01:32:54 AM
As far as i know bitcoin has a high volatility given the fact that it is in demand in the market but i did not expect hat it is so high that it can really go from 1-100 and 100-0.
I want your insights about this volatility of bitcoin.

The volatility is due to an insufficient adoption for real use cases and an abundant supply of people that are still on the idea that you just buy bitcoin and become rich. If bitcoin does not work in real life uses it will keep being like this.
5978  Economy / Scam Accusations / Re: Team Saske pays you 50 cents to translate his whitepaper on: January 20, 2018, 01:23:46 AM
How is this a scam? They are offering a certain number of coins for work to be done. The exchange rate of these coins is publicly available information.
Read the thread ,he plays with numbers making people think his tokens are worth something which they're not ...and never will be !

You know how this board works ,most don't read half of the posts .Of course ,there's gonna be naive people who will say yes ...only to realize once they've done the job (which isn't an easy one) that they got screwed .

That's kinda like all those airdrop forms who ask for private keys .No one is forcing you to give it but there is always gonna be people who will give it anyway.

So yes ,I call it a scam .

It says... 5427 SXAS per qualifying translation

And in the WP it says that theyīll be selling the tokens for 1 euro each. Am I missing something? I would say that the price is decent even if the tokens were worth 10 cents each. What are your numbers?
5979  Economy / Scam Accusations / Re: Team Saske pays you 50 cents to translate his whitepaper on: January 19, 2018, 07:34:15 PM
How is this a scam? They are offering a certain number of coins for work to be done. The exchange rate of these coins is publicly available information.
Read the thread ,he plays with numbers making people think his tokens are worth something which they're not ...and never will be !

You know how this board works ,most don't read half of the posts .Of course ,there's gonna be naive people who will say yes ...only to realize once they've done the job (which isn't an easy one) that they got screwed .

That's kinda like all those airdrop forms who ask for private keys .No one is forcing you to give it but there is always gonna be people who will give it anyway.

So yes ,I call it a scam .

The ICO price of the tokens is in the WP and does not match you numbers at all. The translation is a really hard work, but does not seem a scam.
5980  Alternate cryptocurrencies / Bounties (Altcoins) / Re: ⚡[ANN][ Creditcoin] - 🌲OFFICIAL BOUNTY CAMPAIGN THREAD ⚡ on: January 18, 2018, 03:01:18 PM
Reserved Spanish translation for WP and ANN.

Bitcointalk User: paxmao, Full Member
Language: Spanish

Sample of work: https://docs.google.com/document/d/14Kplx_fnn2IBG_ZKI2xHmBkD_DDsBf9w1R1Woxg9pkA/edit?usp=sharing

My compromise: Translation ready in 5 days or less after your approval. Including WB and translation of the Ann Thread, plus optional setting up the local thread in the Spanish forum at your choice.
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