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321  Alternate cryptocurrencies / Altcoin Discussion / Re: The fastest sold out ICO's in history! on: October 11, 2017, 12:02:16 AM
BAT was the fastest one but Hardcap was not that much than last ICO's in this year.
322  Alternate cryptocurrencies / Speculation (Altcoins) / Re: If you have now 500$ for invest? Where you invest? on: October 10, 2017, 10:32:45 PM
I would buy some BAT Basic Attention token.
323  Alternate cryptocurrencies / Altcoin Discussion / Re: WAVES/BTC - Seem Breaking Soon, BUY now for GOOD profits on: October 10, 2017, 10:30:44 PM
I don't think any altcoin will be pumped before the hardfork for sure. Everybody dump their own alts now to get more btc.

there is more than 1 Month till hf do u really believe in what u wrote?
324  Economy / Trading Discussion / Re: Turn $10,000 into 1 Million on: October 10, 2017, 10:29:35 PM
How much do u have now?
325  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Substratum (SUB) - highly undervalued on: October 10, 2017, 10:28:07 PM
Substratum (SUB) is a coin to watch by first week of November. I got it at $0.02, and it's at $0.16 now. They some news coming end of next week - and hopefully, it can touch 40-50 cents. I don't invest in garbage - only thing that matters is:

1) the TECH - and how unique is it plus the competition in the said marketplace
2) The TEAM

It's already 2x over it's ICO price (based on ETH price at the time)

My prediction is that this should touch $2-3 by end of next month.



if binance accept SUB than we can speak about 2-3X otherweise i dont expect sth like this.
326  Alternate cryptocurrencies / Altcoin Discussion / Re: 3 kinds of ICOs — Protect yourself on: October 10, 2017, 10:27:09 PM
There are 3 kinds of ICOs:

1)  SCAMS

There have always been a lot of scammers, hackers and thieves in the crypto space since day one. Think of Mount Gox. According to Business Insider:

Quote
“…one out of every 16-17 Bitcoins belongs to someone who stole it”

If you don’t think that these thieves are trying to steal money through ICOs or from ICOs, you are kidding yourself. You just need to see the Bitcointalk forum dedicated to scams, or to participate in a Slack channel and you will see the never-ending phishing e-mails trying to lure you to their sites, in order to empty your wallet.

In addition to thieves and scammers, there are those who lie or exaggerate. Many users on Bitcointalk are pump and dumpers.

2)  CRAP

Everyone is desperate to host an ICO to make money. Therefore, they are throwing anything and everything onto the blockchain, including the kitchen sink. They may not be intentionally trying to scam, but they think that they have a good enough idea for an ICO. But these will fail because the blockchain will not solve anything for them. Examples include ICOs that want to put 3D data (which would equate to hundreds of Terabytes of data) or 153 exabytes of medical data on a blockchain. This shows that they are clueless about the blockchain and have never run Bitcoin’s full node. Bitcoin’s blockchain is 120 GB and Ethereum’s blockhain is 200 GB and they are both having scaling problems.

They are also throwing any kind of business problem that they can make up, into the ICO. If they cannot make up the business problem, they will exaggerate about it. They will fail because the business problem doesn’t really exist, isn’t significant enough, cannot be solved by a blockchain or they do not really have the solution, though they try to make it sound like they do with lots of technical jargon.

Swarm Fund cites this business problem:

Quote
“You need large amounts of money to buy real estate and your money is tied down for an indefinite amount of time.”

This is a lie and not a business problem. You can buy one share of a REIT, and there are thousands of REITs to choose from, and you can sell it one minute later. If they start off their pitch with a lie, what else are they lying about?

Energi cites this business problem:

Quote
“A small number of large energy companies supply millions of customers who are price takers.”

Therefore, the solution is to create more energy suppliers, especially nuclear power plants, which is the cheapest source of electricity. But the project does not propose this. They propose to enable consumers to sell their solar self-generated electricity directly to other consumers.

To do this, consumers should have BOTH solar panels and batteries. This is a TINY market. Though solar panels are growing, it is still a tiny percent of the market and solar generated electricity is still much more expensive than nuclear generated.

Consumers with solar panels do not have that much surplus electricity to sell anyways. They use most of what they generate. Tesla and Enphase hyped up their batteries for solar panel owners to store their surplus electricity. These batteries are NOT selling. Enphase spent over $100 million to develop their battery and partly because of the lack of battery sales, their stock has plummeted approximately 85%.

Of course, the project’s pitch looks impressive at first glance.

3)  LEGITIMATE

There are only a few applications that make a lot of sense for the blockchain: transfer of value (currency), store of value, remittances (disrupt Western Union and bank wire transfers), smart contracts, gaming and gambling. These applications will disrupt their respective industries, because the blockchain will provide a lot of cost-savings or time-savings to the users. There might be other applications that make sense that I missed, but applications proposed by many ICOs do not make sense. Jesus Coin is an extreme example, but there are applications that fall across the spectrum from Jesus Coin to Bitcoin.



YOU CAN REDUCE THE RISK BY USING 3 FILTERS

1)  The project’s idea should make sense, but do not base your investment decision purely on the idea. Watch:

“Ideas are like assholes - everyone has one, no one cares”
https://www.youtube.com/watch?v=PhJgrEackis

Entrepreneurs typically try to hide their ideas because they think they are the only ones that came up with the ideas. Venture Capitalists tell them to scream their ideas to the public and they’ll see that nobody will steal them. Ideas are a dime a dozen. There are probably 10 other people with the same idea that you have or that the ICO has. The most important factor to success is the ability to execute. This is why Venture Capitalists refuse to sign non-disclosure agreements and rarely invest in startups which haven’t built a prototype or product.

HAS THE ICO TEAM BUILT ANYTHING THAT WE CAN USE TODAY?

If not, take a pass. This is the best evidence that the team can execute. It takes way more skill, time, work and money to build an app than to create a one-page website and video. It shows:

  • The team has proven that they can develop.
  • It is less likely that the team will invest so much and not follow through.

Everything else is useless. Don’t be fooled by big teams, fancy pretentious titles, references, roadmap, video, fancy animations, escrow, blogs, Slack, Telegram, Twitter, Facebook, Reddit and white paper.

One project stacked their team with a dozen people and then lied about them. One member had the title of “Blockchain Expert”, but he worked in Inside Sales until 1.5 months prior. One member had the title “Blockchain Developer”, but he never developed a blockchain before.

Here is an example of a project team using fake photos and fake names: https://bitcointalk.org/index.php?topic=1949528.msg19485217#msg19485217

Don't rely on Github unless you can verify that they didn't copy the code from someone else and you can run it.

Several high profile projects raised millions of dollars and still have not produced an app. This number will grow and become more evident in the coming years.

Gnosis raised $12.5 million and their website says:

Quote
“The Hunch Game is nearly ready and can be launched in the first half of 2017 as an example Gnosis app.”

No app yet.

Qtum raised $15.6 million. I don't see anything produced on Qtum's website.

After raising $50 million, Cosmos's website is still pitching its white paper. Come on. What have they produced with that $50 million?

Augur had Vitalik Buterin on their team. After Satoshi Nakamoto, Vitalik is the most desirable person in the universe to have on an ICO team. After raising multiple millions and after two and a half years, all they’ve released is a simple beta that is barely usable.

Don’t be suckered by animations and videos. Satoshi didn’t have any of this and his coin was the most successful. Besides, the animations aren’t that impressive anymore, as I’m beginning to see the same animation on multiple websites. Some of these teams must be using the same graphic designer.

There is no guarantee that any business will not fail. But, when the ICO team has a prototype/product, they have proven that they can develop. That significantly reduces your risk. With many ICOs, you have no idea if they can build anything. You cannot trust the information on the profile of many ICOs. Just because they can hire somebody to make a video, it does not mean they can write thousands of lines of complicated code. It's like you giving money to someone to fix your car, simply because he says he can fix cars but have never fixed one before.

Y Combinator is one of the biggest startup incubators in the world. They provide a small amount of funding (approx. $25k to 50k) to startups, which usually consists of 2 founders each. Then they build prototypes or products. Then the startups give pitches to angel investors or Venture Capitalists. If prototypes or products are unnecessary, then why do they waste so much time and money before pitching to angels and VCs?

Almost all incubators have startups that consist of usually only 2 founders, that are building prototypes and products. ICOs are stacking their team with a dozen people and they still cannot build anything. With 12 people, they should've built 6 prototypes/products by now. This shows that they are simply stacking their teams with useless people, in order to impress you or sucker you in.

2)  IS THE TEAM FROM A CORRUPT COUNTRY?

Check Transparency International's ranking.

If so, take a pass.

The number of ICOs from corrupt countries, especially those that were famous for sending out phishing scams for years, have exploded.

Yes, there are scams from countries that are not corrupt and successful projects from corrupt countries. What is important is the probability and if you are willing to take the extra risk.

3)  “NEVER INVEST IN A BUSINESS THAT YOU DO NOT UNDERSTAND”

This is a quote from Warren Buffett. It is very applicable because many ICO teams try to impress the audience with technical jargon. Many investors are not tech savvy and are baffled or confused, but they invest because they think that the project team must have come up with a technological break-through.

Last word:

You need to be able to verify that the business problem exists, that the market size is truly as big as the ICO claims and that the solution is possible. Quite often, they exaggerate on most of these. You need to verify that a blockchain or a cryptocurrency actually is needed for the solution. Quite often, they’re not.

Do not rely solely on ICO listing or rating sites. They likely do not know about all of the ICOs. Not all ICOs are willing to pay to be listed. They have methodologies that you may not agree with. Some claim to be experts, but you are likely more of an expert in your own field, whether that is medical, law, engineering or finance, than they are. They will likely have biases, especially for ICOs originating from their country or region. Putin wants to increase the crypto industry in Russia. Is this why there has been an explosion of ICOs from Russia? Even Putin’s Advisor ran an ICO. If Russia took out Facebook ads to disrupt U.S. and European politics, who is to say that they will not pay off ICO listing and ratings sites to favor Russian ICOs?

i will Keep thi in my mind but how to understand if an ICO scam or not?
327  Economy / Marketplace / Re: What happened ? on: October 10, 2017, 10:23:49 PM
Why does the whole criptomarket fall?  Huh go mass correction.

not the whole market tho. only the alts btc is hungry Smiley
328  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin cash on: October 10, 2017, 10:20:46 PM
thanks for your thoughts guys  I better stay away from this one.

Well done. It's better if you find a good project and invest in it. At the present time, almost all altcoins are red, hence you could buy them for few $.
On the other side, returns could be better, if the project had the ICO only recently.

Any suggestions?

Personally, I invested in Monetha. ICO price was around 16-19 cents, and now is around 10 cents. I am also a supporter of Santiment (which is around ICO price), but this project is a long-term one. I think also IOTA is interesting, from the technical point of view, but I am not sure about the potential growth. You could search in this forum, a lot of people asked for suggestions on altcoins to buy.
And let us know what you decided to buy  Wink


This is a very new Project right? do u believe it going a bit more deeper than this? seems like 0,9$ is the new deep for MTH..
329  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin cash on: October 10, 2017, 10:19:18 PM
Personally, I share the opinion you should stay away from this currency... At least if you are a Crypto holder. Some traders are finding ways to trade with Bitcoin Cash, what I think too risky.

The best advice is to keep your funds in BTC and just wait. ICOs are dangerous too and hard to know if a project is legit or not, if you want to try this kind of investment start with low amounts of money and check how many % you are able to make this way. People usually invest in ICOs that have big potential, that spend enough money with advertisement, giveaways, these things that give wealthy hopes for investors... But it's an unstable investment, what is profitable today, may be not tomorrow, changes too fast... Hard to tell you buy this one or buy another one.

If you have success you can try again later with a larger amount of money.

thanx I am no more planning to buy bcash. any other suggestions?
330  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ARK will be as big as ETH and NEO on: October 10, 2017, 10:18:32 PM
Data Dash posted this earlier,  he has been the most accurate youtuber,  hence why his channel has grown to 62k subs in no time.

TRADE ALERT: Just bought a massive amount of ark (3rd largest altcoin position I'm holding)

This is a long term holding, not a trade. As I stated in my top five video, this is gonna be massive going into 2018. It's up there with NEO and ETH in my opinion. (From datadash alert)

https://www.youtube.com/watch?v=2hJjMb4N7nw

I believe so that why ledger supporting ARK too.
331  Alternate cryptocurrencies / Speculation (Altcoins) / Re: after Jp morgan Now valdmir putin attaking crypto market on: October 10, 2017, 09:22:59 PM
Vladimir Putin: Cryptocurrency Poses 'Serious Risks'

let's see who huts the most putin or jp morgan....

https://www.coindesk.com/vladimir-putin-cryptocurrency-poses-serious-risks/

may he wants to get some cheap Bitcoin?
332  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin GOLD - A well thought Scam? on: October 10, 2017, 09:21:59 PM
Dont know why but I have no good thoughts for Bitcoin Gold.
333  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins that might rally in the future on: October 10, 2017, 09:20:45 PM
Hello,
I would like to invest some of my profit. I'm looking into some coins that might have a bright future ahead.
Coins I believe could make it.

  • EOS
  • IOTA
  • Golem
  • OMG

Any others I could look into?

Basic Attention token. BAT
334  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Antshares/ NEO [NEO] on: October 10, 2017, 09:18:53 PM
I like this one but afraiding of China! I am staying away from chinese Project.
335  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Litecoin, Litecoin, Where art thou Litecoin ? on: October 10, 2017, 09:18:05 PM
I am bullish on ltc but Chart guys saying ots overvalued :\
336  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [BTG] my Bitcoin Gold speculation on: October 10, 2017, 09:17:25 PM
this will be worse than bch I guess. they dont have roger ver.
337  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin cash on: October 10, 2017, 09:12:55 PM
thanks for your thoughts guys  I better stay away from this one.

Well done. It's better if you find a good project and invest in it. At the present time, almost all altcoins are red, hence you could buy them for few $.
On the other side, returns could be better, if the project had the ICO only recently.

Any suggestions?
338  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin cash on: October 10, 2017, 08:55:36 PM
thanks for your thoughts guys  I better stay away from this one.
339  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [BOUNTY][ICO LIVE] |EIDOO Wallet - Hybrid Exchange | 2M EDO REWARD| OVER 4M$| on: October 10, 2017, 08:43:43 PM
I have joined Twitter Camping good luck everyone.
340  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [BOUNTY][ICO] | HEDGE TOKEN | Platform for crypto instruments and crypto index on: October 10, 2017, 08:42:59 PM
thought you guys wouldnt share the email lists.
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