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I was one of the idiots who quietly kept patient, believing CM owners were incompetent fools but fools that were indeed trying to fix their problem, and that they would be back at some point. Then when they updated that trading would resume in a few hours, I honestly was happy lol. Then this happens, and I am starting to believe (cant believe it took me this long) the people calling it a scam are right. I have had experiences with shitbag scammers before in person, and BS excuses like this, always moving a deadline like this, without any other common sense actions or interactions, is pretty much stereotypical dirtbag scammer moves. I almost wish they would have just went offline a month ago without all these bs 'updates' to keep the 'hope alive'. Anyways, obviously I hope I am wrong, but after a month out, and the level of complete incompetence shown, and with this latest 'delay'.... Ive pretty much accepted reality at this point.
welcome back on earth  Thank you lol. Have to say, it sucks being back in reality. Had 40 ltc on CM that I only had on there because I just sold some COLX at its ATH and was in the process of transferring that LTC to Binance when the site went down.... bad luck, but I also should have obviously made smaller transactions to make sure I didnt have so much money on there at once. But I sent my COLX from my wallet, to CM, sold it, and the site goes down within the hour or so Im doing that lol.... now seeing all these prices, and the anticipation I had at finally getting my money to snatch up some of these coins.... gah... the pain. lmao. damn. So being in denial was probably my coping mechanism kicking in lol. |
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I was one of the idiots who quietly kept patient, believing CM owners were incompetent fools but fools that were indeed trying to fix their problem, and that they would be back at some point. Then when they updated that trading would resume in a few hours, I honestly was happy lol. Then this happens, and I am starting to believe (cant believe it took me this long) the people calling it a scam are right. I have had experiences with shitbag scammers before in person, and BS excuses like this, always moving a deadline like this, without any other common sense actions or interactions, is pretty much stereotypical dirtbag scammer moves. I almost wish they would have just went offline a month ago without all these bs 'updates' to keep the 'hope alive'. Anyways, obviously I hope I am wrong, but after a month out, and the level of complete incompetence shown, and with this latest 'delay'.... Ive pretty much accepted reality at this point.
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Guys, calling for banning and censorship of legitimate criticisms is one of the worst things you could do. Our community should be above that sort of thing.... if nothing else, let our community show that this is a serious project, by conducting ourselves appropriately. Trying to shout down all criticism and issues with 'FUDDD!!!' only makes this thread look even worse. Just accept that these are issues, and lets hope the team gets it sorted.
At the end of the day, this is still a new project, and NONE of the issues brought up, are things that can not be fixed. In fact, they are all fixed quite easily.
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I see hints of something being released for colx called 'Colossus Grid'
Sounds interesting.... anyone know what that is or could be?
On reddit someone thought it could be a scalable reward system for staking, i think he could be right. Interesting. Thanks for your response. So you would get rewards -on top- of your staking deposits? So kinda like double rewards, from staking? Sounds too good to be true lol. Am looking forward to finding out though lol. |
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Heres some perspective....
Ive been looking at the other charts....
All %'s are for the last week
Ripple : -53%
Monero : -40%
Litecoin : -24%
Bitcoin : -24%
Dash : -34%
Pivx : -34%
COLX is currently at around -57%
For being a 'new' coin with still a very small community, market cap, ect..... while the drop is bad, one can not ignore that this is occuring in a market trend that even established, reputable, and reliable cryptos such as ripple, monero and dash are experiencing 30, 40 and 50 percent losses.
That simply has to be taken into account.
I dont think the drop is as bad as is being made out, when taking into account the context of the market in general right now.
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I see hints of something being released for colx called 'Colossus Grid'
Sounds interesting.... anyone know what that is or could be?
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Damn. I will continue to hold, for now. Guess Ill wait for cryptopia and the whitepaper. I really, really hope I dont regret it.
Hi there... just one question, I am very curious to know why you would like to see a white paper and what difference it will really make to your life and/or your decision to hold on to your COLX or not..? Sorry, but it amuses me greatly people asking for a white paper... as already itterated here many times, white papers are for ICO Coins when they have nothing but an idea and the white paper is like the projected forcast of their business plan of what they are going to do once they have raised the money to put their idea into practice and make their coin... It's just a fund-raising prospectus... COLX is already miles ahead of that stage with no ICO and no funding... And a fully functioning and working coin... They have done it completely on their own... So, I for one, take my hat of to them... and I am delighted to be on this very exciting journey now; regardless of whether they have any white papers or not... Good luck with your holdings and I'm certain in the future you'll be very glad that you held on to your COLX! Hey Pete! Because a good whitepaper attracts investors, whether it makes sense or not. I belong to many crypto groups with thousands of members, and something many many people look for when judging a project and its team is its whitepaper. Its a marker (one of many) that is used to help separate shitcoins from legitimate projects. So while it may not be essential or even relevant to the here and now while pertaining to colx, the fact remains that a poor whitepaper or a non existent one puts off potential investors, whether it makes sense or not. And that means not having one, affects us. That being said, I would be able to overlook not having a whitepaper a million times over if there was more communication, involvement and organization from the development team. I would say not having a whitepaper is one of the lesser problems, but its important to note, because so many people care about it and a quality whitepaper is a box to check for almost everyone I know. Theres a reason the colx team is spending valuable man hours in writing, editing, re-editing, ect the whitepaper, and posting updates on its release. I sure hope so Pete. One thing I would ask people is why are they so sure people are dumping COLX because of colx related issues and not simply because the market in general is correcting. Then again I suppose if that was the case colx wouldnt be dropping at a worse ratio than the others (which it is) I dont know.... Im stubborn, I like the coin, I will continue to hold for a little while longer at least. Lets hope for the best. Thanks for your feedback and yes valid points... I was looking at it mainly from an ICO perspective... and the more boxes to tick the better agreed... I'm just a free agent and investor like yourself and have never communicated with the COLX team... We could easily get one professionally written if we knew what they wanted to put in it...  Ya Pete, I think thats one of the things that is bugging me the most here (and this will be one of my last 'negative' comments.... not trying to bring the thread down, but sometimes certain things need to be talked about especially if something productive can come of it) But whats bugging me is that there has been many people offering the team their services to help better this product. With little to no response. People that sign up to be a part of the community team that go weeks without hearing back. Ect, ect. But there is no quarterback, there is nobody out there (or so it seems, I hope I am wrong... but I havent seen it) making these things happen. Going 'We are starting a wallet upgrade dev team, a website upgrade dev team, a youtube update team, a social media outreach team, a reddit team, a bitcointalk team, and then going 'you.... you... and you.... you will help here' ect, ect... Just typical vetting and delegation that comes with projects like this. That I havent seen anything close to that, even with such an awesome community like this that is almost yelling at the team to let them help them because they are obviously struggling to juggle everything.... it just worries me. But hey.... lets just hope that a few weeks from now we can look back on these comments and cringe and laugh at how wrong I was. They have done a lot of things right thus far, they are working on some important aspects, we have the cryptopia listing coming up.... the market should pick back up here in a bit.... I could see this going either way, so its not all doom and gloom thankfully. |
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A lot of flooding going on by the old Pete and his peeps to try and bury the links I posted while at the same time bumping the thread. This is not FUD, these are facts. This coin will not be going anywhere for one simple reason: The people managing it are simply clueless. 1. The guy writing the white paper.... His name is Adeel 'Akhi' Anwar. "Great Mama" on Telegram. He has 0 technical knowledge, no credentials whatsoever. The only reason he was chosen to write the whitepaper is that he offered to help and because he has a couple of masternodes that he bought for cheap... That speaks wonders of the seriousness of this project. It's just a pump and dump scheme. Smart people are already leaving. See here:  2. The rest of the team is clueless and incompetent. Just a bunch of noobs trying to get rich. See here: https://imgur.com/gallery/01Oruhttps://imgur.com/a/WqaybTLDR from imgur: "wow guys, turns out organizing a team without a manager is really hard!" 3. Price dropped because people are dumping the project, including myself. We went from no max coin supply to unlimited coin supply. We went from 4bn coins in circulation to 10.5bn in circulation in less than a week. The official website is full of inaccuracies and no one bothers to fix them... It's either dishonesty or incompetence. Both are not ok. 4. No one wants to buy this coin. Volume is about $300k. Current price doesn't mean anything when there is only one or 2 orders buying at that price. When I sold my coins, I had to go as low as 70 sats. I started selling when it was at 116 sats. People are sitting on millions of worthless coins. That's why you see them losing it trying to shill the coin everywhere. They just want new suckers to come and bail them out.  Damn. I think you pretty much just sold me on selling my colx. Which sucks.... because I really wanted to believe in the project, and yes, I have a lot of colx (by my standards) and was looking forward to hopefully at least getting to .03 cents. In the last few weeks I have slowly been fighting my suspicions that colx was headed for a fall and wanted to believe it was a legit coin in the making. But seeing the lack of communication from the 'team', seeing that the people working on it are already pretty busy with their personal day jobs (understandable, but not reassuring), the lack of ambition and initiative by the 'team' to organize this community to make shit happen.... along with everything else you just posted.... I feel I can no longer ignore it. And it sucks, lol. I have enough colx that if it just goes to a couple cents I would be doing well.... and selling now will hurt considering where we were at a few weeks back. My only remaining hope right now, is that while Im sure colx is down quite a bit due to people selling for these reasons, I also assume its down because the market in general is down right now. We have to take that into consideration. So I keep asking myself, should I sell now and take the pain, or just hold on a bit longer until it does hit cryptopia, release the whitepaper, and hope for one last little pump to sell, but by doing so pretty much risk the price dropping further with no pump happening at all. The thing is, its not all about the money with me. If I saw a team that was in the trenches, doing things the right way, I would stick with the coin.... but I dont see that, and to me a good team is a very crucial component. I want to add that I appreciate what the team has accomplished thus far and I commend their efforts in the face of having full time jobs and whatnot, but that doesnt erase all the fumbling and missed opportunities and potential. Damn. I will continue to hold, for now. Guess Ill wait for cryptopia and the whitepaper. I really, really hope I dont regret it. I'm not sure at what price you got in but if you can make a profit, sure, sell. If not, wait until Cryptopia because there is no point in selling now. Price is too low. I, too, had millions worth of coins in this project. I really believed in it. Heck, even my username says Colx_Hodler. If you look at my post history, all I previously did was promoting Colx. But I can't do it in good conscience knowing what I know. Who knows, maybe they'll get it together but I'm not putting my money on it. Not worth the risk. There is many other projects out there that are better deserving of my hard earned $$$. XRB for example. It's about to hit Binance. Amazing tech, team, community, and potential. Not to mention that it could see $100 very shortly. Ya Id still make quite a bit of profit. Bought in at like .0004ish, give and take a bit because bought at different times around that price. Indeed. Its not really that I dont think colx can 'eventually' get to a certain point. Its that I could be using that money in other cryptos that are actively moving forward and have all the boxes checked in terms of doing things the right way. I could easily be getting a return on that money elsewhere, instead of waiting around and hoping things come together for colx. The question is would I make more money in other cryptos in the amount of time it takes for colx to pump, than I would by waiting. And that is IF it pumps. I dont know, guess we will see. |
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Damn. I will continue to hold, for now. Guess Ill wait for cryptopia and the whitepaper. I really, really hope I dont regret it.
Hi there... just one question, I am very curious to know why you would like to see a white paper and what difference it will really make to your life and/or your decision to hold on to your COLX or not..? Sorry, but it amuses me greatly people asking for a white paper... as already itterated here many times, white papers are for ICO Coins when they have nothing but an idea and the white paper is like the projected forcast of their business plan of what they are going to do once they have raised the money to put their idea into practice and make their coin... It's just a fund-raising prospectus... COLX is already miles ahead of that stage with no ICO and no funding... And a fully functioning and working coin... They have done it completely on their own... So, I for one, take my hat of to them... and I am delighted to be on this very exciting journey now; regardless of whether they have any white papers or not... Good luck with your holdings and I'm certain in the future you'll be very glad that you held on to your COLX! Hey Pete! Because a good whitepaper attracts investors, whether it makes sense or not. I belong to many crypto groups with thousands of members, and something many many people look for when judging a project and its team is its whitepaper. Its a marker (one of many) that is used to help separate shitcoins from legitimate projects. So while it may not be essential or even relevant to the here and now while pertaining to colx, the fact remains that a poor whitepaper or a non existent one puts off potential investors, whether it makes sense or not. And that means not having one, affects us. That being said, I would be able to overlook not having a whitepaper a million times over if there was more communication, involvement and organization from the development team. I would say not having a whitepaper is one of the lesser problems, but its important to note, because so many people care about it and a quality whitepaper is a box to check for almost everyone I know. Theres a reason the colx team is spending valuable man hours in writing, editing, re-editing, ect the whitepaper, and posting updates on its release. I sure hope so Pete. One thing I would ask people is why are they so sure people are dumping COLX because of colx related issues and not simply because the market in general is correcting. Then again I suppose if that was the case colx wouldnt be dropping at a worse ratio than the others (which it is) I dont know.... Im stubborn, I like the coin, I will continue to hold for a little while longer at least. Lets hope for the best. |
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A lot of flooding going on by the old Pete and his peeps to try and bury the links I posted while at the same time bumping the thread. This is not FUD, these are facts. This coin will not be going anywhere for one simple reason: The people managing it are simply clueless. 1. The guy writing the white paper.... His name is Adeel 'Akhi' Anwar. "Great Mama" on Telegram. He has 0 technical knowledge, no credentials whatsoever. The only reason he was chosen to write the whitepaper is that he offered to help and because he has a couple of masternodes that he bought for cheap... That speaks wonders of the seriousness of this project. It's just a pump and dump scheme. Smart people are already leaving. See here: 2. The rest of the team is clueless and incompetent. Just a bunch of noobs trying to get rich. See here: https://imgur.com/gallery/01Oruhttps://imgur.com/a/WqaybTLDR from imgur: "wow guys, turns out organizing a team without a manager is really hard!" 3. Price dropped because people are dumping the project, including myself. We went from no max coin supply to unlimited coin supply. We went from 4bn coins in circulation to 10.5bn in circulation in less than a week. The official website is full of inaccuracies and no one bothers to fix them... It's either dishonesty or incompetence. Both are not ok. 4. No one wants to buy this coin. Volume is about $300k. Current price doesn't mean anything when there is only one or 2 orders buying at that price. When I sold my coins, I had to go as low as 70 sats. I started selling when it was at 116 sats. People are sitting on millions of worthless coins. That's why you see them losing it trying to shill the coin everywhere. They just want new suckers to come and bail them out. Damn. I think you pretty much just sold me on selling my colx. Which sucks.... because I really wanted to believe in the project, and yes, I have a lot of colx (by my standards) and was looking forward to hopefully at least getting to .03 cents. In the last few weeks I have slowly been fighting my suspicions that colx was headed for a fall and wanted to believe it was a legit coin in the making. But seeing the lack of communication from the 'team', seeing that the people working on it are already pretty busy with their personal day jobs (understandable, but not reassuring), the lack of ambition and initiative by the 'team' to organize this community to make shit happen.... along with everything else you just posted.... I feel I can no longer ignore it. And it sucks, lol. I have enough colx that if it just goes to a couple cents I would be doing well.... and selling now will hurt considering where we were at a few weeks back. My only remaining hope right now, is that while Im sure colx is down quite a bit due to people selling for these reasons, I also assume its down because the market in general is down right now. We have to take that into consideration. So I keep asking myself, should I sell now and take the pain, or just hold on a bit longer until it does hit cryptopia, release the whitepaper, and hope for one last little pump to sell, but by doing so pretty much risk the price dropping further with no pump happening at all. The thing is, its not all about the money with me. If I saw a team that was in the trenches, doing things the right way, I would stick with the coin.... but I dont see that, and to me a good team is a very crucial component. I want to add that I appreciate what the team has accomplished thus far and I commend their efforts in the face of having full time jobs and whatnot, but that doesnt erase all the fumbling and missed opportunities and potential. Damn. I will continue to hold, for now. Guess Ill wait for cryptopia and the whitepaper. I really, really hope I dont regret it. |
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Just wanted to give a heads up....
So after my first batch of deposits from staking, my arrow stopped being green. I asked on here about it but nobody was really sure why it stopped being green, about a day ago it went green again, and today my new deposits are dropping. So for anyone who gets worried about their arrow turning off after your first batch of deposits.... might just want to wait a week and see if thats just part of the process because that was the case with me at least.
Figured Id let others know in case anyone happens to have similar questions when or if theirs shuts off.
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*queue the laughter  No but seriously, I am highly, highly, highly interested in starting my own crypto... and am willing to put tens of thousands of dollars towards making it happen. What I am wondering is, is even 10's of thousands of dollars chump change when it comes to this? I am a noob on the tech side and am fairly ignorant about what it takes to develop a coin, wallet, ect. Common sense tells me I would think I just hire a team of developers, but didnt know where to even begin with that, so was hoping there was a 1% chance someone in here could be able to at least point me in a direction. I feel I have a fairly unique concept, which would tie into another project I am working on very nicely, and would be both useful and convenient for people and humanity in general (I know that sounds pompous I dont mean it that way). But I know concepts are somewhat meaningless in this space and its all about what can you produce, so would like to know the road I need to go down to get things started. Do you think hiring a development team would cost an ungodly amount? Seems to me theres a lot of 'shitcoins' out there that I find hard to believe forked over tons of money to get their coin and wallets made... but maybe I am wrong. Any help would be greatly, greatly appreciated. Thank you for any answers. You may resume laughing. |
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The circulation amount for a coin so low in market cap is a killer. I will be investing anyway, because I am hoping you guys can pull this off in the long haul and that it can add to a growing crypto culture on campuses.
For better or worse though, coins sometimes rely on hype and word of mouth to take off. Even if, unfortunately, that word of mouth is as an investment vehicle and not purely for the like and use of that specific coin. However, the more people that know about the project, and the more people that buy, and then turn around and spread the word, the more people will ultimately utilize this coin the way you intend.
If you guys had a coin burn and lowered the circulation, it would go a long way towards attracting investors and spreading the word I would think.
Just my .02.
Im in this regardless.... over time I will try to do what I can to help generate local awareness around my town and on crypto groups online.
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coinsmarket has been down for days. What's keeping them this long? I want to withdraw all the colx I bought for staking but I can't even log in now.
I have lost approximately $4000 worth of gains of lost profits on the coin I was transferring some colx to buy when my funds got frozen in trasnfer due to them going down. Freaking painful lol. At this point I am just hoping I get those funds back. The sooner I never have to go back to that exchange, the better. Cant wait for colx to get on a legit exchange. |
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hey gang,
Question : Is 100,000 colx the minimum 'chunks' that I can break my wallet into for staking?
Thank you.
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You guys who are taking the time to answer these questions.... you are awesome. Thank you.
One last ones for the weekend lol....
Question : People say to manually back up the wallet.dat file on the computer. If I went to my wallet and clicked on File, Backup Wallet, while its still running.... will that pretty much do the same thing?
Yes you should make sure your wallet is encrypted with a passphrase, otherwise anyone could open your wallet and take the funds. If you plan on holding for a while I would recommend backing up on another device or drive. I like to encrypt usb drives with veracrypt and store the wallet / passphrase on them. Thank you for all your help jzilla its appreciate more than you know. Thank you. |
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You guys who are taking the time to answer these questions.... you are awesome. Thank you.
One last ones for the weekend lol....
Question : People say to manually back up the wallet.dat file on the computer. If I went to my wallet and clicked on File, Backup Wallet, while its still running.... will that pretty much do the same thing?
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The arrow on my wallet that indicated staking is active has shut off. Anyone know what would cause this?
Coins need to be staking for 7 days about 10000 conformations. Try typing getstakingstatus into the debug console to get a better idea what is causing it. Thank you I will try that. I wonder, does the arrow shut off while they mature again? Meaning, I recieved multiple deposits in the last two days, does that mean all of my coins have now been given and the arrow has shut off while they mature again? Ill try the option you said about getstakingstatus, thank you. |
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The arrow on my wallet that indicated staking is active has shut off. Anyone know what would cause this?
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Guys I will slowly be rolling out a lot of stupid questions. I am an absolute noob when it comes to tech so even when I read the guides I get iffy and want to hear second explanations from people. I do apologize. The thing is, we want these type of people, people who are new to the crypto space. Because that means cryptos are reaching the 'normies' to to speak. So I think it would be somewhat beneficial if we compile an 'Idiots Guide to Colx : Frequently Asked Questions' style post that we bump every now and then for the noobs and non techies who might want to ask similar questions. Just a thought. I will try to compile the past questions Ive asked and think of some other real basic ones.
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