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1  Alternate cryptocurrencies / Altcoin Discussion / Re: How do you think about this formula on: July 25, 2017, 09:19:58 AM
Quote from: kryptqnick on July 25, 2017, 07:58:59 AM
I think this equation is wrong. Just look at the first line to see that: "Divide BTC by Gold to get a value". Bitcoin's value has nothing to do with gold. It is fool demand and offer thing. Gold lives its own life. Even fiat nowadays is not backed up by gold. Ethereum is currently having big security problems and lots of shitty projects built on this platform. If in the future it deals with them then it may become as good as bitcoin.

Agreed. Also when the formula states "(ADAGR * n. Years)", this should not be times, it should be to the power (i.e. ^), because you are meant to compound not just times the number of year. You replace that in the formula and Bitcoin becomes $2483. In addition, where he gets the digital asset increase per year is beyond me. It's complete made up shit.

To summarise - in a volatile market, ignore all maths.
2  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Choose altcoin for trading on: July 25, 2017, 09:08:03 AM
There are so many coins out there and some of the price fluctuations do not make sense. Ultimately, the coins that will survive will be the ones that actually offer a long term solution to an existing problem e.g. Golem (computing power), Siacoin (storage), Ardor (BaaS). I would not touch Ethereum, it's a great platform and a great idea, but one that will devalue due to the unlimited coin supply.
3  Alternate cryptocurrencies / Altcoin Discussion / Re: best altcoin to collect? on: July 25, 2017, 09:02:03 AM
It's all about Siacoin. The world is slowly running out of space and their idea to utilise unused space on the network is great. It creates a ubiquitous environment where no free space is wasted and offer great competition to all the Cloud providers, by being cheap and easily accessible by anyone. The coin is still super cheap and poses very little risk for the the possibility of a large pay off.
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