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Bitcoin / Bitcoin Discussion / Re: Why do we need so many cryptocurrency exchanges?
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on: May 20, 2019, 01:49:25 PM
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Actually, we don't need as many exchanges as existing, but it's competitive market, and the best exchanges absorb the biggest audience. It's hard to say that the abundance of exchanges is bad, because if there were only 1 or a few exchanges, they could create a monopoly with very harsh fees and other conditions for users. So I'm rather for a variety of exchanges operating under different terms & conditions than a monopoly of a few exchanges. However, we still have a few big leaders that can affect the whole market, and that is not very good.
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Alternate cryptocurrencies / Altcoin Discussion / Re: Time to choose Kucoin ???
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on: May 10, 2019, 10:52:08 AM
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Kucoin is by far one of the safest and securest exchanges that haven't been hacked. It's time-tested and words very well. It has many altcoins added, so KCS can become big in the next bull, which is already started. Kucoin is a reliable choice. Well, Binance was hacked, though they replenish all lost funds, so no big deal for users.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Prometheus59 - a decentralized global blockchain-based supercomputer
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on: May 10, 2019, 10:48:42 AM
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We would like to pay attention to the block reward mechanism: being at block 64260, block rewards will soon reach the maximum value of 2 coins/block. It will hold there for a while, and then, starting from the block 72001, will start to decrease slowly to 0.59 coins at block 177121 and further. Soon the enthusiast-rewarding phase will come to an end, supply will be reduced, and the value of P59 coins will increase. That's an important factor worth paying your attention to.
I really paid attention to it. I would very much like this to happen in this scheme. it looks interesting, perspective and reasonable Agree with you. That's reasonable, as many buyers who are at loss not can cut their losses and go long-term. It was announced many times that Q2=marketing, while development goes on, but at slowly rates. But that okay, as not long-term users have some advantage. I appreciate this step from the team. Buy&hold works here best. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Prometheus59 - a decentralized global blockchain-based supercomputer
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on: May 08, 2019, 09:42:24 AM
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The Policy of Full Transparency: Team Wallets to Fund Development, Marketing, and PersonnelTransparency of business is an incredibly important and powerful criterion that confirms its maturity and reliability, as well as determines the level of trust in it. Following the policy of maximum transparency, the team provides 3 wallet addresses where all team coins are stored and which will later be used to fund the development, marketing, and personnel. 1) Development wallet: Pe5fH1fpvGksHSZMrkpCGQ271UFUUABKgT – 40% of all team's funds. 2) Marketing wallet: PcnV21Ltt7EJdTDvaT1zbbnxC18GWsDdyS – 50% of all team's funds. 3) Personnel wallet: PfMoziF1DTaBgT19yN873RT75XbfhrDHwm - 10% of all team's funds (these funds will be used to remunerate the team up to block 177121) Each transfer or sale of coins from these wallets will be accompanied with reporting in our P59 special discord channels: https://discordapp.com/invite/Ac8cHV5This will allow you to see how funds are spent and make suggestions if you have something. Reporting on the Use of Funds from the Team WalletsEach transfer or sale of coins from the team wallets will be accompanied by an announcement in the appropriate channel in the P59 discord: #development-wallet, #marketing-wallet, #personnel-wallet. The announcement will include: 1) Transfer or sale purpose. 2) Amount of transferred or sold funds. 3) Date. Detailed reporting will increase the level of trust and attract new audiences. Stay tuned for more news! A plan for using funds in Q2 2019 will be published within 48 hours. That is very good. Transparency will bring more confidence, especially aligned with a good price. I wish the price were higher, but it is what it is. Keep going from this point! There's plenty of cheap coins to buy for interested people, so investing opportunities is open anyway for those interested. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Prometheus59 - a decentralized global blockchain-based supercomputer
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on: May 06, 2019, 12:21:22 PM
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Price stability for a few days makes me a little less worried about the possible price action. However, don't you think rewards are maybe too high, as presumable coin holders want to extract fast profits from thier masternodes?
Rewards are not too high. From block 72001, block rewards will start reducing, from 2 P59 coins to 0.59 coins at block 177212 and further. Block rewards will eventually become lower, which will reduce supply. Yes rewards will become lower with time, but you could accelerate it by blockchain update, so less coin will appear on exchange and price goes higher. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Prometheus59 - a decentralized global blockchain-based supercomputer
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on: May 02, 2019, 08:22:13 AM
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We have buying walls, but with low price - and no selling walls. It looks good, but it would be preferable to see buying walls with higher prices, as it can be dumped by want-to-buy-cheaper investors.
It means there are still zero interest in the project and they should start to do more marketing to attract more investors for the project. Until then the buy support will stay almost zero for a long time until the project die prematurely. Buying walls with the low price mean, that someone want to buy cheaper, not understanding, that this benefit is deceiving, as the price became more lower. That's also how bots work. Bots can work "pump-dump" way, and maybe there will be a great pump. Maybe someone wants to put people in disbelief, make them sell their coins, and then buyback. That's also the possibility. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Why are you still hodling that shitcoin?
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on: April 29, 2019, 08:27:15 AM
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Of course, because if there is no value of shitcoin on the market then it is better to keep holding. Actually shitcoin is a unless token and while I do not believe in shitcoin or any kind of confidence. My guess is that the shitcoin considered a trend equivalent to a luck.
Correct! But the question is, how did you get those coins? It's one thing when you bought them in the hope that they will grow up, and another when you got it for free! Yes, but you can always sell coins that you get for free. Psychologically, that may be easier to deal with coins that you have got for free, but it also depends are you in "+" or in "-" with your other coins. If you are at loss, you may decide to sell that free coins and cover your loss. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: All ICO Project Proponents Must Also Submit KYC
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on: April 29, 2019, 08:21:25 AM
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KYC doesn't guarantee anything. It's getting too much attention, but if fact it's just additional trick to get more confidence that has no real ground. Instead of KYC, investors must estimate risk/reward ratio when they invest. On the other side, requiring KYC from clients is really ridiculous, even if developers completed KYC themselves. I think KYC will not be very important factor soon, now it's just overvalued.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Prometheus59 - a decentralized global blockchain-based supercomputer
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on: April 29, 2019, 08:07:20 AM
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Guys, just do your job. If you do marketing well, entertain the public, make some exciting bounties with reasonable prices, engage discussions, let other brains contribute to your project, etc., then you will get the price back and maybe even higher. Demand is rather weak at this point for the whole market, so you must do your best to arise interested in those who are still interested in crypto and something new. There are almost no sellers on bridge, so any big purchase of say 1000 coin will move the price back to normal.
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