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Looks like insiders are dumping, downward volume is picking up. I'm sitting tight until 1500, then I'm out with still a decent profit.
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Development is slow but steady. I see no problem in that.
I do have some doubts about the pre-mine and the lack of openness about that by the dev team. I know they have this page where you can see what they spend, but not on what and there is also over 600BTC paid for shares that is completely off the radar.
When I see now that there are two more dev's (both friends and family) it sort of looks like they are spending a lot more on the same stuff (friends creating app's). Other projects do this as well (like Groestl), only in their own time, at their own costs and without any premine. Fact is projects like Groestl produce even higher quality and way more lines of code. This team surely does it's job right, but way more expensive and at a much lower pace. In my opinion Gulden will have way better chances if they start hiring some good PR in stead of more slow coders.
And then there is the issue of the ETF approval that is almost sure to go through this Saturday. I know officially it will be announced on Monday, but the default term actually ends this Saturday. Effectively it will be approved by default if it is not explicitly declined before the end of tomorrow. I'm sure a lot of people are going to speculate on ETF approval this weekend. This could easily boost BTC price above $ 2000. If that happens, Gulden will surely drop sub 750 SAT. So I for one am seriously thinking of temporarily selling out on this one for now and buy back at pre summer 2016 prices.
Just my two cents.
Since ETF is not approved, what is your opinion now? question: Is it true that Gulden is centralised with a checkpoint server like the POS coins have? Peercoin has an automatic checkpointing system, I do not call that a decentralised crypto. Is the same true for Gulden? Is Malcolm running a checkpointing server (he gets to decide which chain to follow)? Haha, well I was totally wrong about that one (and maybe for the good as well)! Fortunately I did not sell off my NLG, so I'm happy. Don't know about your question on checkpoints. Have been wondering though how they would get Prime to work with zero confirmations. It seems only logical to me that they use master nodes for that. All I can say is that this might become a problem because it tends to lean toward centralization of the network. We'll see how that plays out. |
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In about 2 months from now you will be talking about the DAR bubble like that. Just remember this post when you do then. Only 13mm tokens of which now less than 500k on the market. With a real enterprise like Sigwo Technologies behind it and free Mercury tokens to be airdropped prorate to DAR holders @ sub 7000 sat it's a steal!
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I'm buying some LTC lately. No nonsense, no tricks, no b/s coin. Very well known, liquid (always been in the top 10 by volume), much mined and much undervalued (now still close to an all time bottom in price).
It solved the spam attacks very logically years ago.
It seems to me what BTC should have been.
BTC is the gold, LTC the silver. When gold fails go to silver Trouble is, both Gold and Silver prices are rigged. So if LTC is silver to BTC being gold, they both might have the same fallout once the sh!t hits the fan. |
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With Bitcoin BU getting more and more support from miners lately, I'm looking for good coins to hedge against the uncertainty of a hard fork. Any suggestions for coins that qualify?
I'm not interested in the next big altcoin hype or amazing new technology. Just a safe place to see the fork play out. I guess I'd prefer a coin that has a proven trackrecord and is pegged into the ecosystem for a while. Coins like LTC or Doge seem interesting, but there are probably better candidates out there. I would prefer a coin that enables me to trade in direct pairs though. ETH is an option as well, but that one seems a bit too much pumped lately.
Thanks for your suggestions!
if bitcoin fork and you have the bitcoin in your wallet then you would have both original bitcoin core and bitcoin unlimited. your 1 bitcoin now became 2, it's a win win. the price will pump up again after everything is settled down. Sure, I get that. But if I hedge into another asset that is not affected by both and stays @ relative $ 1k per BTC/BU, I can make 2 out of 1 BTC @ fork and then 10 out of 2 if they both drop to $200. That's what I'm talking about. |
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@konner i meant the crypto usdt. It's pegged to dollar value.
Ah, ok, sorry  |
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It depends on how much trust you have in bitcoin system. The best hedge you can do is staying as %50 Fiat - %50 BTC i would say.
You will lose your chances to exchange half of your BTU's for BTC's but you can still have more coins if bitcoin loses value over fiat and that's much likely.
However there is still a slim chance for bitcoin to have no value loss. In this case, you will be having a loss because you are holding FIAT.
Yeah, I just don't ever want to go back into fiat with my current crypto holdings. I still make fiat money "IRL" thats more than enough to get by. Crypto's are my retirement fund so to say |
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I'm buying some LTC lately. No nonsense, no tricks, no b/s coin. Very well known, liquid (always been in the top 10 by volume), much mined and much undervalued (now still close to an all time bottom in price).
It solved the spam attacks very logically years ago.
It seems to me what BTC should have been.
I agree with you on this. I bought in on LTC @ $ 2 and even after all the BS and disappointments it's still there at a reasonably rate. I might hedge 10-20% into that one. |
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With Bitcoin BU getting more and more support from miners lately, I'm looking for good coins to hedge against the uncertainty of a hard fork. Any suggestions for coins that qualify?
Imho the best coin for your problem is Bitcoin. Yes, I mean that you should not buy altcoins if you don't really want to. If the hardfork will happen at all, you will end up with BTC + BU (if your money is in a local/proper wallet). Whether the hardfork will happen or not, the "winning" coin will come back to this value and even higher. Whether the hardfork will happen or not, the altcoins market has a lot of uncertainty too, since they are bought for Bitcoin too. Disclaimer: While this is my personal opinion, the decision is yours, so don't ask me for refunds if your decisions were wrong. Also you should not make investment decisions based on random people's ideas over the internet. Thanks, that's an insight we share I guess. Still I like to have a plan B if things get nasty (which always happens in crypto when major volume is involved). There for sure will come a negative trend that first puts both sides down. The uncertainty of which one will win, might even bring the total down to early 2013 levels. In that case I would have liked to have a hedging coin that is solid enough to be standing more on its own rather than to be pegged into any BTC pair. |
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If you don't wanna lose value then USDT. But you will neither gain anything. Also take 30min-1h and read ethereum's reddit.
I stepped into BTC to get out of fiat, so not likely I'll go back that same route I read loads on ETH already, like I said, it's a candidate, but also not priced right at the moment I think. |
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With Bitcoin BU getting more and more support from miners lately, I'm looking for good coins to hedge against the uncertainty of a hard fork. Any suggestions for coins that qualify?
I'm not interested in the next big altcoin hype or amazing new technology. Just a safe place to see the fork play out. I guess I'd prefer a coin that has a proven trackrecord and is pegged into the ecosystem for a while. Coins like LTC or Doge seem interesting, but there are probably better candidates out there. I would prefer a coin that enables me to trade in direct pairs though. ETH is an option as well, but that one seems a bit too much pumped lately.
Thanks for your suggestions!
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Last week I received 12,500 free mercury tokens in my Waves wallet. The message said something about them being distributed by darcr.us, which is the site of DARCRUS (DAR). Looking into it it seems they are going to airdrop a lot more on holders of DAR: https://bitcointalk.org/index.php?topic=1722137.msg18268308#msg18268308The DAR token seems to be connected to Sigwo Technologies that released the Mercury token for a project called Jupiter. Looks like an interesting option, what do you think? |
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Development is slow but steady. I see no problem in that.
I do have some doubts about the pre-mine and the lack of openness about that by the dev team. I know they have this page where you can see what they spend, but not on what and there is also over 600BTC paid for shares that is completely off the radar.
When I see now that there are two more dev's (both friends and family) it sort of looks like they are spending a lot more on the same stuff (friends creating app's). Other projects do this as well (like Groestl), only in their own time, at their own costs and without any premine. Fact is projects like Groestl produce even higher quality and way more lines of code. This team surely does it's job right, but way more expensive and at a much lower pace. In my opinion Gulden will have way better chances if they start hiring some good PR in stead of more slow coders.
And then there is the issue of the ETF approval that is almost sure to go through this Saturday. I know officially it will be announced on Monday, but the default term actually ends this Saturday. Effectively it will be approved by default if it is not explicitly declined before the end of tomorrow. I'm sure a lot of people are going to speculate on ETF approval this weekend. This could easily boost BTC price above $ 2000. If that happens, Gulden will surely drop sub 750 SAT. So I for one am seriously thinking of temporarily selling out on this one for now and buy back at pre summer 2016 prices.
Just my two cents.
Development was slow to start with Gulden but it's not slow anymore, I don't know any coin that releases faster. It was first coin to do 0.13 code base update along with 9 other innovative features in one release. No coin is faster then the current development Gulden has going. I did have a look at GRS during the 51% attack scandal and all i see is copying everything bitcoin does, no innovation like Gulden has. I do agree GRS does copy bitcoin code faster then most other coins. I agree Gulden is doing good innovations and also Groestl is probably only just adopting fast to BTC developments. My point was just that it seems to me that a lot of money is flowing into this development from the community, where other coins are getting a lot of coding done without those funds. A lot of crypto projects are done by developers in their free time and without any salary, still they manage to progress nicely. If I remember correctly the core dev (MaNi) was said to be full-time on development once the 50BTC target of the shares was reached. We are now over 600BTC and 6 months further, but I don't see any progress in release times, they are even behind on their roadmap. I also think Prime is a very good development and surely a solid base for the future. It's just that I think it won't contribute anything to the valuation of the project or the coin. The only thing that matters to get a solid base for any project like Gulden is the user base. For now, that only consists of a small group that are blindly following a tightly closed movement. To reach the masses, I'd say you need to open up and start investing in PR as well. |
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Development is slow but steady. I see no problem in that.
I do have some doubts about the pre-mine and the lack of openness about that by the dev team. I know they have this page where you can see what they spend, but not on what and there is also over 600BTC paid for shares that is completely off the radar.
When I see now that there are two more dev's (both friends and family) it sort of looks like they are spending a lot more on the same stuff (friends creating app's). Other projects do this as well (like Groestl), only in their own time, at their own costs and without any premine. Fact is projects like Groestl produce even higher quality and way more lines of code. This team surely does it's job right, but way more expensive and at a much lower pace. In my opinion Gulden will have way better chances if they start hiring some good PR in stead of more slow coders.
And then there is the issue of the ETF approval that is almost sure to go through this Saturday. I know officially it will be announced on Monday, but the default term actually ends this Saturday. Effectively it will be approved by default if it is not explicitly declined before the end of tomorrow. I'm sure a lot of people are going to speculate on ETF approval this weekend. This could easily boost BTC price above $ 2000. If that happens, Gulden will surely drop sub 750 SAT. So I for one am seriously thinking of temporarily selling out on this one for now and buy back at pre summer 2016 prices.
Just my two cents.
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Thanks for taking the time to respond MaNi! If I hated your work, I would not even have taken the time to vent my opinion here. I love your work! As I described above: "The 1.6.0. update was very impressive indeed and I think the Gulden developers belong to one of the best in Crypto."! Thats why I tried to figure out why all this good stuff is not being noticed. I came to the conclusion you just oversaw the potential of marketing. If you say 2017 is going to bring more good stuff then I put my faith in that. Thanks again for the good job done so far and you do have my respect!  |
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I get the path the team has chosen and for the most of it I agree with it. At a certain point you have to start investing in awareness though.
You say new users won't be interested if they can't spend it anywhere. On the other hand, merchants are not interested if we don't have enough users (Dev says this himself). The only way to break through this vicious circle is to incentivize the markets a bit.
You invest in awareness to attract new users on one side and approach merchants with a good support package and clear benefits on the other. If a merchant sees there is a well thought marketing plan behind this initiative it will give him more trust to take the leap then if he only sees an awesome app without any support or promotion.
You can spend the next ten years trying to make things perfect, but at a certain point you will just get passed by lesser products that have done their share of good marketing. I'm not saying it is totally going to fail without marketing, just that together with good marketing it will surpass all others without a doubt!
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2. Is BIP68, BIP112, and BIP113 integrated? If so when is the activation date?
Yes, depends on miners, but in the next few days I believe. The final 1.6.0 soft fork has now kicked in, all of the above is officially active. You guys have thought of everything but I do think your too humble with your achievements. I don't believe in hyping but Gulden team is certainly under selling the 1.6.0 update and under selling is a under statement in this case. That's exactly what I was trying to say above! Look at the 6y old kid at your serious request radio marathon. He raised over € 1mm with something simple as painting peoples nails. It's now the most trending in The Netherlands and all major celebs and politicians are joining in. If a 6y old kid can achieve that in two days, why does it take the Gulden community that funded their developers with hundreds of thousands in Euro's so long to step up and draw some attention? Over 500BTC has been raised by the dev team. Money that they got from the shares program (read their community). The first 50BTC was enough to pay for the entire roadmap currently at display. That leaves 450BTC (currently € 380.000,-) to be spend. Surely they can take some of that money and use it foor good promotion right? Or do they need all of that to pay the one true developer his salary for the next 5 years? By then Gulden will probably be technically superior to all other coins, only no one will know, because they keep forgetting to promote it! |
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It was very unfortunate timing that 1.6.0 came when bitcoin started to rally, the timing couldn't of been worse with this release and a lot of people have not bothered to look and thinking only about the bitcoin price.
From my PoV I can't look at another wallet after using the new desktop wallets, the other QT wallets look so bland and the link between Android and Desktop is an amazing new feature. Extremely unlucky with timing is the only thing I can attribute the total media blackout on
this update.
PRIME 1 looks like it will have a much better release timing as bitcoin rally should be over and people will start looking at alternatives and finally take a serious look at what was done in this release.
That is a fair way of looking at things. Of course, the market does not need Prime to retrace. I think the timing is perfect, Prime is meant to be the main project on the roadmap and as good as 1.6.0 is with all it's new innovative features I sense the confidence within the team when Prime is mentioned on slack and if you not taking the Gulden team serious after 1.6.0 then I suggest you download the new wallets and look for yourself.The 1.6.0. update was very impressive indeed and I think the Gulden developers belong to one of the best in Crypto. Yet there is one problem I see here and that is the way things are promoted. The latest update could have easy taken care of a massive spike in new users (I don't care for the price right now, that will come with those users) if only there would have been some campaign to promote it. Prime will be another awesome technical development under the hood that will not be seen by the regular users, not even by the majority of crypto adepts. So also Prime will not bring in massive new users I fear. People don't use the Dutch ING banking app because it is extremely technically advanced. Also not because they have the fastest transactions. They use it because they have a feeling of trust towards the bank which they mostly got because their PR department does a great job (and because they like the color orange I guess). They also use it because it is very easy to use, way better than any crypto wallet (including Gulden). So I don't expect much growth coming from the Prime releases unless the Gulden community starts to adopt the thought of some good PR that needs to be done. |
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My username is my last name. |
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Total time logged in: 6 hours and 14 minutes.
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