As a long term supporter of this project, I'd like to point something out here.

Despite rising in asset rank into the top 200, which is certainly positive, Credits has recently fallen dramatically in the ratings on CoinMarketCap. If you click on the ratings tab, these calculations are by FCAS and stand for "Fundamental Crypto Asset Score." Since April of this year, Credits was ranked a "C," but recently has fallen to a "F" rating.

Although admittedly, I don't know much about this rating system, or how accurate it is, I think this is an ominous development, and for this reason alone, I think it's advisable to exit the Credits asset and wait for further developments.  Otherwise, do your own research and determine why the change in this rating has occurred.

I personally believe that the future will be with the truly anonymous asset classes, not the public ledger types, and the reason is simple; governments worldwide are failing, and will continue to fail, in part due to advancement in medical science. People will likely start hiding more and more assets from their governments, and it's much easier to do this, if you own a truly anonymous digital asset. That's my take, and both Monero and Zcash are currently in the top 50, and are rated "A."  For the record I don't own either of these, at present, but if there is a continued sell off of digital assets, that's where I will be putting my investments.

Nice .....   The word will spread, eventually, and this helps.  I bought back in, and will continue to add to my holdings of Credit$.

Another sleek video published to YouTube to show progress ...... very nice guys.  I've already started reinvesting in the currency of tomorrow, and expect to invest much more in the coming days and weeks.

https://youtu.be/v1niNmSs97Y

Once major concern that I have, is that we're a year behind on the coin swap. I remember last year about this same time, discussing this. Also, wasn't the bug bounty supposed to take place last year, or is this another one? 

If the wallet doesn't work, and the software still has bugs, those are fixable, but overpromising, regardless of the bear market is harmful.

Right now, the team is hinting at a Binance listing. If this doesn't happen, again, it will do more harm than good.  Also, since a large part of Binance's revenue is coming from the U.S., and they are ending that in September, KuCoin may reap the benefits, setting up Credits to be seen by more people in the West. Hopefully, KuCoin won't follow Binance and try to deny access to the U.S. customer base. Since the Trump administration is still in place for the next 1.5 years, I think we're unlikely to see draconian regulations and actions by the U.S. regulators. They like the Wild West-East, Central, you name it.

Also, this idea that Binance will replace their current U.S. base on some new platform that they will create, just for U.S. customers, is nonsense.  They will likely be restricted to the same coins that Coinbase has, or close to that, and that's not what U.S. customers of Binance are there for. So KuCoin is probably going to rise in standing, unless, as I said, they follow Binance's lead.

One final thought is what happens if, indeed, you have the coin swap, and you can only sell on non-regulated, non-ethereum based exchanges, like KuCoin?  Those could be few and far between, going forward, which means less exposure. That does concern me, unless I'm missing something. You won't have access to the ERC20 based exchanges, and that's about all you might have, if KuCoin were to follow Binance.

Tell me if I'm missing something with my arguments, here.

Yesterday, Credits reached up and cracked the Pre-ICO price of 0.10 per share, which is an encouraging green shoot of authenticity. Also, if you look closely at Credits on CoinMarketCap and click on the ratings tab, you'll see that the team now has a rating of "C."  Compare this rating, to say .... the KuCoin token, and you'll see what I mean.  

I had previously decided that I would wait to see if Credits could regain it's former top 200 status, but I now think that may be foolish, given the likelihood that we will see another Alt-Coin season. This, despite how regulators in the West may try to kill the unregulated exchanges, in favor of the Wall Street types, who are are responsible for the artificial concentration of wealth in too few hands, leading to this revolution.

The dollar was dead when they removed the Gold Standard. Credits isn't dead, especially when compared to say ..... LiteCoin, which I've heard has had zero development for the past several months on GitHub. It LiteCoin marching forward, or is it Credits?

It's conceivable that nations may be forced to adopt blockchain currencies, whether they like it or not. If they don't, it will be done for them, and perhaps Credit$ can still be one of those that rises to, and even over the top.

Arise ... be fruitful, by not multiplying.

With CS's Rank down to #353 on CoinMarketCap ...... it looks like the project's legs are getting a Bit. wobbly?

 

For anyone who might have made any dough off of my recommendation in early February, which would have earned you a 4 X return to date, please throw a few bucks towards the Special Olympics. As recently reported in the news, the Trump Administration is defunding this fine organization, which means that private resources will have to help make up the difference.

As I said above, I've watched enough bust and boom cycles in the equity markets to know that the banks always lead the way home. There is also some recent news, suggesting that the exchanges, are in fact, becoming the banks of crypto. So pay close attention to this forecast.

As for Credit$ ...... and what the rest of the prophecy, means.

If you can figure out what the last sentence above, is referring to, you might just might be able to make some good money on this part of my forecast, as well.  

I cannot believe how much the market value of every coin has collapsed so gravely.

I still own my shares of KCS, as the banks are always the first thing to come back, when Spring returns, and the exchanges are the banks of crypto.

I also bought some Ether, because I doubt it will ever die completely.

As for CS ..... lol   Sooooooo glad I got out a LONG, time ago. Would I buy some now?  It's hard to say, because it's so cheap it wouldn't hurt if you're still a fan. The problem I have right now, is the ranking has collapsed way under 200, also.  CS smells of a DEATH right now.  You're better off buying the larger exchange tokens.

Will CS ever return? Perhaps when the sun rises in the West and sets in the East.  

It's very odd to me how several of the Altcoins I've watched over the past 6 months, have managed to stay within fixed perimeters, when the overall market goes up or down.  Something is weird about that, but I can't put the issue into words yet.

There have been modest fluctuations, in the ranking of two coins that I've been following, but nothing dramatic, including CS.

I pulled out of CS months ago, and went into an exchange, and probably should have bought two.  Like the banks in the overall stock market, at the end of the bear market in Bitcoin, I expect that the exchanges should make bigger moves, first.  They may not perfectly lead, but I can't believe I'll be alone in this assessment.

With respect to the ranking of Credits to the overall market cap, there really are no big change.

CS/ETH is a bull flag

CS/BTC appears to be making a double bottom

The volume of Credits sellers also appears to be fading, so we'll likely see another pop here, shortly, based on the technicals alone.

The entire market is breaking down, and appears headed to last year's, November levels of about $5,672 for Bitcoin, which is when the speculators really poured into this market. I've heard that without these speculators, the fair market value of Bitcoin is about $7,000.

Ethereum hit a similar interim low in Sept. 15, of around $217.60, and I've heard many smart traders say they feel the fair value is around $300, again, without the speculators.

The question then becomes, what will be the fair market value of Credits, in comparison to both of these?  The average of the pre-ico and the ico is about 0.14, which is where we are now.  So I'd be a speculative buyer at these levels, regardless of anything you imagine may be going on in the broader market.

This is a temporary bear market in a new asset class. When will the speculators return in mass?  My guess is, when they stop talking about Bitcoin on CNBC's Fast Money, except maybe once a week.  Then you'll see the speculators take their positions again.  

The storm is only over, when the wreckage is obvious, the bodies are scattered about, and people decide it's time to rebuild. So far I haven't seen any bodies, a.k.a. well-known dead projects, have you?

I lost all faith in Ethereum with the CryptoKitties debacle. My little cats couldn't reproduce with one another, without paying the network. They were my little cats, after all. Not to mention they killed the fun with their low speed inadequacies. I still have my little cats, but they're worth less than one of Putin's hairs right now.

I just hope that Credits can eventually realize that their lack of English speaking proponents is still hurting them in the West, where the mythology will be spun. The East may have money and they love to gamble, but they have zero imagination, which is why they have to steal every idea they have, from U.S.

The Credits team thinks that it's all about the software, and the network, but that is half the marketing hurdle. The myth is the key to overcoming the public's fear of digitizing assets in the first place. If you want Credits to become king, you foster the myth of the NAME itself.

Is Credits greater than Rasputin ...?


Post 7 - January 7, 2013

"From the air, a sound like none heard by men before.

Crackling thunder, without lightning; https://youtu.be/tq02C_3FvFo
horizon flashes, but no rain.

A feather falls, it catches fire; https://c1.staticflickr.com/9/8103/8488585838_b8b43acbe8_o.gif
No sleep, no slumber;
free us from fear, free us from wonder."


Chelyabinsk meteor - February 15, 2013

I've seen evidence of increasing bull volume, but does it compare to the May highs, when we spiked to 0.90, and saw volume approaching 6 millions shares .... ?

Of course not ... but relatively speaking, we've seen a solid recovery. The bigger question I have, is are we seeing new money, or no?  

I would be interested in someone doing some analysis on the number of new wallets being created. I'm sure someone here is savvy enough to do that. Otherwise, this is possibly money that moved out temporarily, and into Bitcoin, and now is coming back. If this is old money, I'm thinking we go back to the 0.30 to 0.35 range, again.  New money, and we could go higher, perhaps approaching 0.50.

I wish someone would start buying some merit to hand out to the contributors here, btw.  That's another thing the team could do to be kind to their friends in here, as opposed to their enemies.

This rebound has been on good volume, and it seems now tied to Bitcoin, not ethereum.

I think some look interesting, others are a total joke ...

This one is intriguing ...

Looking at the volume on the daily and 8 hour charts on KuCoin suggests to me that the bears have run their course. Unless there's some sort of unusual news specific to Credits that paints a very negative light, the selling appears to be over, at least in the short term. This is to be expected, also, given where we are sitting.  A lot of buyers who didn't want to get involved in an ICO will wait until the price drops back down to the ICO level, which usually happens long before now. Credits has been unusually resilient.

On the down side, the chart does appear to show a bear flag in play, which could mean that the selling is not over. So it's a mixed bag, but most savvy traders will look at the volume profile as their chief indicator of selling pressure, so until I see a big spike in bear volume, I'm not convinced we're headed down to the pre-ICO price.

I'm shocked to see some of my favorite projects, which ICO'd around the same time as Credtis, also being punished, some with better prototypes like AGI. It doesn't get much better than Sophia, their robot, yet they have crashed down in similar fashion, of late, so that tells me this is more than a Credits issue.

It looks like Credits has recovered in price today.  How quickly the tables can turn when you have a low number of coins coupled with a reasonably sized capitalization.

As long as you're not investing the rent or mortgage, it's clearly a long term hold, and even if you swing trade, Credits is pretty reliable ...

There's nothing like a bunch of starving Russians to brave the cold, alt-coin winter, just ask Napoleon and Hitler.

I don’t expect to see a solid recovery in Credits, until we first see a solid recovery in Ethereum. The on-ramp always rises first. That’s why typically, we often see Ethereum will spike, and then Credits follows a week later, roughly.

I also suspect that what many gamblers have been doing is selling their Alt. coins, and buying Bitcoin, on the pure speculation of the possibility of a Bitcoin ETF in the United States.

It would be interesting to see how much of the outflow from KuCoin was into Bitcoin, if anyone is able to check that, because this might reveal some interesting patterns, also. I think some of this money will eventually come back into Credits.

Given that a significant portion of the capitalization of Credits is by speculators And not long-term investors, this downturn should be anticipated, Especially after the delay in the release of their Main-net, As well as the failure to get listed on the bigger exchanges.

I am impressed enough with the new website, to suspect that I’m not alone in this assessment. This team is in a life-and-death struggle, but they have come a long way.

I say, give credit where Credit’s are due.

The Russians are notorious for this kind of nonsense. They are trained to communicate with symbols and propaganda, not verbally, because you don't dare do that. If you speak, you'll get thrown in jail, so it's better to say nothing, or only nice things. That's why they're banning so many people on Telegram. Credits is like a miniature Russian state.

The only positive, I see, is something Ivan on Tech said in one of his recent broadcasts. He said that in terms of the Hackathons he's attended in Europe, the Russians almost never lose.

Russian Students Win International VisionHack Hackathon - http://en.misis.ru/university/news/5-100/2017-09/4861/

So you can't dismiss their lack of communication as the nail in their coffin. They may indeed produce the product of the future through shear technical ability; and for that reason alone, they're worth a gamble in my book.

The new website looks very good, which is perplexing.  Why go to so much trouble creating a presentation like this, but fail to notify the investors at large, of this DNS activity?

There is a disconnect, when dealing with token holders.  The investors are looked down upon, as second class citizens; who, now that they have funded their project, are no longer needed, which is again, a curious negative or positive, depending upon your perspective.  

They are acting like Russian oligarch's already, before they even make it, as if pretending to be successful will carry the day.

I would argue that pretending to succeed is like pretending to have sex with yourself. Pitiful ....

Credits should be an orgasmic ride for everybody who participates, whether they are sweeping the floor, or paying for lunch and dinner.

You were banned for being cuter than all the boys in Russia.