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I bid farewellGulden has entered into a coma economy and its taken me awhile to exit without making a loss. After the reward increases, I can openly say some ruthless MFs are trading the sat price down while accepting tight margins, making it impossible to actively maintain trading while my other coins the situation has improved immensely. I followed this coin closely for a number of years and it did have good prospects but you have vultures eating the last bits of a dead carcass that has become Gulden trading. The solutions are clear to me but my instincts tell me nothing will change. My advice if you want to stay with this team, drop Gulden for Novo. It has made life saving changes in the last week and the price is reflecting the truth of those changes. Look at the charts below to see how the coin was doing before the announced changes. End of Feb to start of March. https://coinmarketcap.com/currencies/novo/Farewell!
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Novo had some profit takers today, after making over 2500% on the IPO the price was too tasty to resist for some.
All this from making good decisions by reducing max supply from 10 billion to 210000 and introducing a halving soon from 0.1 to 0.05 per block. Miners won't be able to crash the price and if traders sell they might never get back in for the same price.
Witnessing reward will be increased to 0.075 of the reward and miners 0.025.
No pressure on the market and witnesses coins can't be spent until the witness period is done.
Gulden developers developed the witness tech and the Gulden advisory board is watching the positive impact on the price action from the above changes.
I spoke to one of the traders on slack and he says with Gulden because 100 000 new coins are coming onto the market every day and this continues for 35 years more there is no incentive to trade Gulden up because the next day 100 000 coins could be sold back on the exchanges.
Imagine Gulden without this pressure and a brilliant development team. It will be a life changing event.
I had a look at the trading chart for Novo, the price was trading below the ICO price at the end of Feb until the announcement? Trading volume was also 0 or close to 0 on some days. The changes brought life back into that coin that I predicted last year would die and was looking unhealthy on trader view. The price went up too high, $4 will be an amount I could see myself getting involved because it's still on a low volume exchange, part of the same working / middle class users that invest in Gulden and no marketing. The changes made were good and if they can get the coin some limelight it will moon. My opinion has certainly changed to a more postive outlook. Novocurrency will also be dead because quite frankly it offers nothing for whales and you only have poor people buying. It's useless for any investor.
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I was one of the few voices at the start who was against the reward change from 1000 to 100 and when they went ahead with the change Rijk never adjusted the max supply to compensate. Next year if the rewards remained the same with the 4 year halving schedule, 75% of the total supply would of been mined out.
Next year Gulden will only have 35% of the total supply mined out and a long way to go before 75% is achieved. This scares off investors.
To correct the situation the total supply needs to be adjusted to where current supply is 75% and a reward halving introduced on the 3rd April 2022 when the next reward halving was expected to take place.
Someone else in the team or community can work it out but the max supply will need to be adjusted close to 760 million to bring the initial reward structure back into balance with a reward halving starting on 3rd April 2022 and every 4 years after.
I do like your suggestion. It also gives the devs 5 years of good funding while also catering to the users and putting the blockchain in sync with where it should be with the circulation % vs Max coins. Is this proposal worth mentioning in the #GAB channel on slack? Seems like a reasonable thing to suggest in Slack, they’ll discuss the max supply cut for sure, I heard it’s in the list. Reward halving I’m not entirely sure. Don't worry about it, if it's only a max supply change then my suggestion won't be necessary. Without a reward halving schedule I would go as far as saying there is not much point in changing anything as it will erode confidence in the supply changing whenever it suits the community. My suggestion is the right thing to do as it can be argued this is where the coins supply should be in relation to it's total supply when the coin was started. Changes: 760 million total supply 3rd April 2022 or close to it the reward halves to 80 for 4 years. This change brings it close to where the coin would of been if no changes were ever made from the start of the coins inception. 840 960 blocks later (year 2026) the reward halves to 40. 840 960 blocks later (year 2030) the reward halves to 20. Gulden will be close to 90% mined out when this drop occurs and most of you will be alive to see it The 4 year cycle also gives the market time to adjust to the changes and no sudden drop off from 160 reward to 0 when the new max is achieved. While I agree this option is factually correct it does not mean it's the RIGHT option to go for. A lot of people have been patient for a long time and they also want to see Gulden progress in this bull market and not be left behind like it is, Gulden is not in the top 1000 on CMC. That is a disaster imho. More drastic measure are needed, similar to the changes they all too happy to throw Novo's way while Gulden keeps getting fleeced for all it's worth |
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Novo has it's total supply reduced from 10 billion to 210 000, this is why the price has jumped 200% in 24hrs. This is a test for Gulden to reduce max supply from 1.6 billion to 600 million and drop rewards by 90%? This is will be a welcome move for Gulden! It will be unfair if 1 project of Rijk does this but not the other.
GAB is discussing the max supply next week for Gulden on 24th March, looking at the Novo price it does not take a brain surgeon to see what is in the cards for Gulden, invest now before it's too late, gulden already has enough supply to go around. A good balance is to halve the max supply to 840 million and drop the reward to 55. Miner 20, Witness 15, dev reward 20 It could be a possibility now that it's been debated by the community time and again. A combination of a 50% cut on the maximum available supply bringing it down to just 840mil instead of having that large permanent cloud over our heads that keeps hindering price growth and investor interest. On top of that, a halving-like event could also take place every few years, in combination with a re-adjustment of mining/witnessing/dev rewards as the price grows. eindelijk!!! Hmmmmm this could get interesting. |
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Gulden will have a new 24 month high against the Euro within the next 2 weeks, charts are showing strong fundamentals.
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E-gulden close to passing nlg marketcap to become the premium currency for the Dutch. Low inflation and proof that money does not need to be smart, it need to be scarce so the value can increase. All the fast development Gulden has before Novo and people want to hold a coin with low supply.
Guldens fiat price has begun its upward trend this week, in 3 months a lot of patience holders will see good gains. Better increases in % then bitcoins rally. New ATH can be reached but please no new coin announcements or people will kill themselves. |
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https://twitter.com/GuldenBoard/status/1339094645545066498?s=20- A group of students from the Haagse Hogeschool (HHS) are doing a research project for the "Minor Internetmarketing Tools". There have been several online meetings with the students and they are now working on a marketing communication plan for the @Gulden community. #Gulden #HHS I have some cheap btc I plan to enter the market with once bitcoin price has settled. This is when I expect the Gulden euro value to go up > 20 times |
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What is meant to be next for Gulden? The electron wallet or decentralized exchange?
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Have any discussions taken place with the Gulden Advisory board to have a system setup for the public to buy development funds from another service, what about reestablishing shares.gulden.com ?
Gulden Shares:
It is possible to help the team supercharge the development by buying so called Gulden Shares. These shares help the team to reach their development goals (as found on the development roadmap) faster. In return you receive a healthy yearly return of 12% on top of your investment from the team.
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Speaking of Gulden development, what new has come out in the last 6 months? What is the plans for Gulden and is there 1 core developer dedicated to Gulden and 1 to the other coin? |
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@SuperOrca another 20% drop and the bottom is formed. Traders can put more pressure using the development reward to secure lower prices, the development reward pressure will have less impact the lower the price goes. I said at the start of October remove the buy orders above 50 to let the price fall to 40-50 sat to end the pain. New users to Gulden can get in at the best prices and experience good gains in 1 year.
How did you know the price would drop this low and what do you expect the price to rally too in the future? The development reward https://www.dactual.com/address.php?address=GPk2TdvW1bjPAaPL72PXhVfYvyqEHKGrDA , made it REAL easy to predict the price outcome. The situation at present is there is enough bitcoin support to soak the development dumps to a price of 40sat for 2 months. This is why the low price must be seen as a positive for the coin until the next alt bull market arrives. $5000 gets you 800k coins, only 653 people can own 800k coins with the current supply in the market. Lets face one fact, the masses don't know about the development reward, when the bull arrives the price will rise fast for this coin. |
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I never thought a whale would dump all the way to 32 sat, I wish I had buy orders in place  Does Gulden have any whales left besides SuperOrca and Bigdikbtc that can support the prices? I will be placing a tiny order on the new exchange to offer support under 50 sat, when verified, I hear the founder is making a lot of effort on slack and engaging with the community. What and when is the next development release for Gulden? From what i've heard it's an in wallet Dex, with the possibility of attaining some sort of banking license in order to also add EUR/NLG or stable EUR pairings. Aslong as there is no monthly deposit limit like Nocks had with 10k Euro , you cannot pump a coin with those restrictions in place. |
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I never thought a whale would dump all the way to 32 sat, I wish I had buy orders in place Does Gulden have any whales left besides SuperOrca and Bigdikbtc that can support the prices? I will be placing a tiny order on the new exchange to offer support under 50 sat, when verified, I hear the founder is making a lot of effort on slack and engaging with the community. What and when is the next development release for Gulden? |
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I never thought a whale would dump all the way to 32 sat, I wish I had buy orders in place Does Gulden have any whales left besides SuperOrca and Bigdikbtc that can support the prices? I will be placing a tiny order on the new exchange to offer support under 50 sat, when verified, I hear the founder is making a lot of effort on slack and engaging with the community. |
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This is the best position in terms of exchanges this coin has ever been in, I can't believe my eyes, have the devs had a change of heart when it comes to exchange Listings? Total volume on this exchange is over $23 million compared to Nocks with 4k volume and a 10k monthly deposit limit? You can't compare. Price of 68sat before listing of new exchange, in 3 weeks the price will move to 77-81 sat. This will bring some confidence to traders, pleased with this news! It's good that Gulden has another exchange, a relief for many in the community, if this works out the community will look to getting more listings but if the price drops then the community knows it's not because of exchanges the price is low. I believe if the price goes up like you say the community and GAB will use more funds towards exchanges. I don't agree with SuperOrca, the price won't increase for a long time! Best solution is let the price hit rock bottom at 40-50sats and build from here. Pre IPOs is where the money is at but alts will have it's time in the future when the whales can get in at lower prices. @SuperOrca another 20% drop and the bottom is formed. Traders can put more pressure using the development reward to secure lower prices, the development reward pressure will have less impact the lower the price goes. I said at the start of October remove the buy orders above 50 to let the price fall to 40-50 sat to end the pain. New users to Gulden can get in at the best prices and experience good gains in 1 year. Novocurrency will also be dead because quite frankly it offers nothing for whales and you only have poor people buying. It's useless for any investor. This dump was good for the health of Gulden and developers. They can sell the development reward at this price and it will have the same pressure as the 40 sat reward did at 80sat + bitccoin increase. Place buy orders and let the developers sell to you on bittrex. |
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This is the best position in terms of exchanges this coin has ever been in, I can't believe my eyes, have the devs had a change of heart when it comes to exchange Listings? Total volume on this exchange is over $23 million compared to Nocks with 4k volume and a 10k monthly deposit limit? You can't compare. Price of 68sat before listing of new exchange, in 3 weeks the price will move to 77-81 sat. This will bring some confidence to traders, pleased with this news! It's good that Gulden has another exchange, a relief for many in the community, if this works out the community will look to getting more listings but if the price drops then the community knows it's not because of exchanges the price is low. I believe if the price goes up like you say the community and GAB will use more funds towards exchanges. I don't agree with SuperOrca, the price won't increase for a long time! Best solution is let the price hit rock bottom at 40-50sats and build from here. Pre IPOs is where the money is at but alts will have it's time in the future when the whales can get in at lower prices. @SuperOrca another 20% drop and the bottom is formed. Traders can put more pressure using the development reward to secure lower prices, the development reward pressure will have less impact the lower the price goes. I said at the start of October remove the buy orders above 50 to let the price fall to 40-50 sat to end the pain. New users to Gulden can get in at the best prices and experience good gains in 1 year. Novocurrency will also be dead because quite frankly it offers nothing for whales and you only have poor people buying. It's useless for any investor. |
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This is the best position in terms of exchanges this coin has ever been in, I can't believe my eyes, have the devs had a change of heart when it comes to exchange Listings? Total volume on this exchange is over $23 million compared to Nocks with 4k volume and a 10k monthly deposit limit? You can't compare. Price of 68sat before listing of new exchange, in 3 weeks the price will move to 77-81 sat. This will bring some confidence to traders, pleased with this news! It's good that Gulden has another exchange, a relief for many in the community, if this works out the community will look to getting more listings but if the price drops then the community knows it's not because of exchanges the price is low. I believe if the price goes up like you say the community and GAB will use more funds towards exchanges. I don't agree with SuperOrca, the price won't increase for a long time! Best solution is let the price hit rock bottom at 40-50sats and build from here. Pre IPOs is where the money is at but alts will have it's time in the future when the whales can get in at lower prices. |
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With all the negativity Gulden is charting to go to $0.075 by December, add in the increased dev reward if it's still taking place this year and the more realistic figure is $0.055 .
I would recommend they wait for a month and the increased dev reward won't be needed.
You forgot to add a 0 behind the dot What other options do the devs have to increase funding but also giving a fair deal to investors? if the reward change is taking place the price will go under 70 sat in the short term, the devs will make +-50 - 60%% more each month because the price won't go to 40 sat. With the extra % profit they will need to get Gulden added to new exchanges to counter the extra 40 reward. The more exchanges the higher the price will go. Crypto is entering a new bull market and Gulden will go along for the ride along with all the other alts. The other option is to reduce the mining reward to 20 and witness to 20 and the block reward will remain the same. |
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With all the negativity Gulden is charting to go to $0.075 by December, add in the increased dev reward if it's still taking place this year and the more realistic figure is $0.055 .
I would recommend they wait for a month and the increased dev reward won't be needed.
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I don't see too much complaining on slack, some guys are worried about the extra inflation in supply causing the price to go down but why would the price go down before the extra dev reward is in place?
Markets adjust before the event, when the reward is in place the price will settle where its going to settle. The devs will make more money because the price won't decrease by 50% and the dev reward is doubling. This is a positive for development. The negatives are for witnesses, holders, investors and miners as they will get less. Traders don't care. |
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