maybe it is time to take profits again. a lot of people bought in or back at around 6-8 k.
so right now they are 100-150+% up.
so we could still see a drop down to ~10 k before we go up.
Trading volume was extremely low at 6-8K...a lot of people did not buy in at those levels...very few did. Of course "maybe" the price will go up or maybe the price will go down. But it's about probabilities and I am holding here. Considering the pump that BTCD got, the new wallet version on the way, the conference coming up, and an inevitable add to polo, I'd say there is a relatively high chance price will go up from here. Just gotta hold and wait.  |
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KMD is holding strong on Bittrex. I'm betting that it runs up before and during the upcoming conference in early April.
Difficult to say that now, we can't predict the future, maybe the result will be the opposite, you remember supernet is much lower than ICO price? It's possible that most of the people who were willing to sell at lower prices have already sold. So now there's just a lot of holders left. Which is good for us if that's the case. The low volume, slow increase in price suggests that there's still not a whole of buying interest quite yet. So you're right, the price could still drop dramatically if some holders decide to sell. However, it seems Iguana/Agama is maturing and growing stronger everyday, and with a few big things coming in the near future, interest should increase. Therefore, it would be kind of silly to sell at these prices IMO. |
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hi jl777 I would like to know if it is this
Asset still exists = omnigames = Or is it dead
I dont believe omnigames was ever distributed, at least it was still in the incubation stage, so there shouldnt have been any assets available. I have not heard from the project leader in a while I am the unlucky owner of over 14k omnigames. I was the first to buy when it came on the asset exchange and bought them on the third day it appeared on NXT AE on the 13th october 2015. Amarha (Este Nuno on Bitcointalk) was the project leader. He just took the money and left without doing all he promised after asking people to sign-in for testing on Nxt forum. Later on he stopped posting on Bitcointalk. Amarha will never deliver anything and put the asset on the AE just to scam people. I also lost many BTC buying Atomic directly from Cryptaxe (but he was not a scammer like Amarha). Still those fails do not diminish my faith in jl777 as I am aware that you can put your trust in people and only later on realise that they failed you. This is one of the reasons why I'm glad SuperNet moved away from NXT. So many projects, promises, assets and nothing ever came of them. |
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A small tip for frustrated users/investors:
Expectation is everything. I used to be pretty frustrated due to all the delays and issues that have arise thus far, but I now realize that was because I expected perfection from the start.
This is a very big, complex, and unique project that tries to solve to a lot of things in the cryptocurrency and fiat world and therefore, will have a lot of issues/bugs starting out. The team is not perfect, but they haven't given up and are still working. So it will require a lot of patience to see things get done correctly. Definitely much more patience required compared to other projects out there. So just keep this in mind and you'll be much happier.
I think the only surest way to lose money is to sell now. So I would hold on for awhile. If the current rise of some other alt coins are any indication, then KMD has a pretty bright future ahead of it.
to Yeah, that's it. Nice speak. How long you hold on? Let us know   That's really a matter of individual preference. Hold until whatever the your set profit point is. I certainly wouldn't be selling at a loss right now due to fear of losing even more money. Personally, I don't plan to take any short term profits until price is at least 2-3x ICO. You will find KMD will be next SuperNet epic failure on the price, 2-3X ICO? If the price is 1/2 of ICO in 1 year, the project can be considered as successful. If you said that about 1 year ago, I might be tempted to agree with you. But now that there's finally a tangible product with GUI and all (Iguana App), the chances of any of this failing is relatively low IMO. At this point, it's really just a matter of polishing things, fixing bugs, and adding new features (which appear to be mostly there already). Again, this phase will probably still take awhile, but as each day passes, that chance of failure becomes lower and lower. |
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A small tip for frustrated users/investors:
Expectation is everything. I used to be pretty frustrated due to all the delays and issues that have arise thus far, but I now realize that was because I expected perfection from the start.
This is a very big, complex, and unique project that tries to solve to a lot of things in the cryptocurrency and fiat world and therefore, will have a lot of issues/bugs starting out. The team is not perfect, but they haven't given up and are still working. So it will require a lot of patience to see things get done correctly. Definitely much more patience required compared to other projects out there. So just keep this in mind and you'll be much happier.
I think the only surest way to lose money is to sell now. So I would hold on for awhile. If the current rise of some other alt coins are any indication, then KMD has a pretty bright future ahead of it.
to Yeah, that's it. Nice speak. How long you hold on? Let us know That's really a matter of individual preference. Hold until whatever the your set profit point is. I certainly wouldn't be selling at a loss right now due to fear of losing even more money. Personally, I don't plan to take any short term profits until price is at least 2-3x ICO. |
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A small tip for frustrated users/investors:
Expectation is everything. I used to be pretty frustrated due to all the delays and issues that have arise thus far, but I now realize that was because I expected perfection from the start.
This is a very big, complex, and unique project that tries to solve to a lot of things in the cryptocurrency and fiat world and therefore, will have a lot of issues/bugs starting out. The team is not perfect, but they haven't given up and are still working. So it will require a lot of patience to see things get done correctly. Definitely much more patience required compared to other projects out there. So just keep this in mind and you'll be much happier.
I think the only surest way to lose money is to sell now. So I would hold on for awhile. If the current rise of some other alt coins are any indication, then KMD has a pretty bright future ahead of it.
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Watching this project closely and have invested some.
I think building on top of btc like Komodo is doing is the right way to go, but can I make a suggestion to stop adding functionality to the wallet until you have a stable bug-free version. If you keep adding functionality it will introduce new bugs and prevent you from delivering a stable wallet to be used for simply storing your own coins safely.
I really like the developments so far, keep up the great work!
Certainly a good point. Majority (all the known bugs) of the bugs have been fixed, we just need to get the release out. Some issues, such as a new bug, rises which further delays the release a bit. The Jumblr was a very easy thing to add, it only took few hours according to Satinder. Adding it is a crucial thing as it allows jl777 to further test DEX and fix any possible backend bugs. I couldn't agree more. I do appreciate the team trying to roll out new features, but simply having a stable, bug free wallet to store, send, and receive coins should have been priority and done in a more timely manner. Especially now that there is a finally a product and the product has users/customers that depend on it. Going almost a month now with about half the people not being able to use the wallet for basic functions is, frankly, unacceptable. Project management and customer relations could use some improvement. Dude, you keep repeating the same thing over and over and over again. Do you understand the complexity that goes behind Iguana? Its not your typical shitcoin wallet which is made of copy paste code. Iguana is meant to be a multi coin wallet, a first of its type and will be linked to Instant DEX which means you will be able to trade from within the wallet without ever going to a centralized exchange. Bugs are only expected for the first 2-3 months because it is impossible to test for all the scenarios in test net. There are many things that pop up during the beta phase and finding as many bugs as possible right now will mean a much more stable platform down the road. Also, whatever the fuck do you mean by customer relations? You are an investor not a customer. This project is still under construction and we are probably a good 2-3 months away before the initial product is usable. Dont like it? Please feel free to dump your bag and move on. My bids are waiting. I've been following SN/BTCD since the beginning, so yeah, I understand. I see that you're a newcomer, so I'll let some of what you said slide. All I'm asking right now is for a stable, useable wallet for basic functions. I was hoping that's not too much to ask for after being an initial investor in the SuperNET ICO and BTCD (way before it became KMD). That was about 2.5 years ago. I know I'm very critical but that's only because I have high expectations for SN/KMD. I've sold very little of my initial investments and don't plan to sell anymore until prices are significantly higher. I guess you can say I'm one of those few hopeful (or maybe hopeless) holders. |
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Watching this project closely and have invested some.
I think building on top of btc like Komodo is doing is the right way to go, but can I make a suggestion to stop adding functionality to the wallet until you have a stable bug-free version. If you keep adding functionality it will introduce new bugs and prevent you from delivering a stable wallet to be used for simply storing your own coins safely.
I really like the developments so far, keep up the great work!
Certainly a good point. Majority (all the known bugs) of the bugs have been fixed, we just need to get the release out. Some issues, such as a new bug, rises which further delays the release a bit. The Jumblr was a very easy thing to add, it only took few hours according to Satinder. Adding it is a crucial thing as it allows jl777 to further test DEX and fix any possible backend bugs. I couldn't agree more. I do appreciate the team trying to roll out new features, but simply having a stable, bug free wallet to store, send, and receive coins should have been priority and done in a more timely manner. Especially now that there is a finally a product and the product has users/customers that depend on it. Going almost a month now with about half the people not being able to use the wallet for basic functions is, frankly, unacceptable. Project management and customer relations could use some improvement. |
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Actually the USD price of KMD is probably about the same as the ICO price. BTC was worth half as much back then.
Not sure why people keep saying this. Is it to make yourself or others feel better about the current price? Sure, KMD price may be about the same in terms of USD, but I think it's more important to look at things in terms of BTC. After all, one of the objectives of SuperNET is to work with BTC to increase its value and thereby increasing the value of alts like KMD. If BTC goes up and Komodo goes down, that's counterproductive. Of course, the market doesn't always react this way. But I wouldn't consider BTC going up while KMD goes down or stays the same a good thing. People say this because it is the truth and also because it's more important to look at things in terms of USD (or other fiat). That is what counts in the real, larger world. So KMD current market price is just about the same as the ICO price, whether you like that reality or not. Yes, that is the truth and I'm not denying that. It's just when people say it like it's suppose to be a positive for us as a project is what I have a problem with. I think we need to get out of that mindset. I'm not looking at it from a trading perspective but more of a goal-oriented perspective. If SN/KMD is to meet it's project goal, then KMD price should be going up with BTC in terms of USD, not stay constant. So we still have a ways to go. And speaking of mindset, I feel the dev team has been under this mindset that good tech will speak for itself and people will come. This way of thinking has been going on for the last 2 years now and it hasn't gotten us far in terms of getting more recognized. There's great tech here, but a new strategy is definitely needed. Hopefully with the next wallet release, marketing will ramp up significantly. |
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In regards to the price, there is nothing the dev team can do. Only a small amount of KMD is being traded at these prices so if you want to take that as a indicator that is the true value of KMD then nothing I say can change your mind.
I'm not at all saying this is what I value KMD at. Obviously I have high expectations for SN/Komodo and I think it's worth much more, which is why I think the current price is disappointing and have not sold any yet to date. I just think it's funny when people comment that KMD is doing well in terms of USD while it's price in BTC has decreased significantly from ICO, like it's suppose to be a good thing. And please stop saying that there is "nothing" the dev team can do when this is a pretty well funded project that has technically been in development for about 2.5 years. There's always something that can be done, maybe the team just hasn't figured it out yet. |
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Actually the USD price of KMD is probably about the same as the ICO price. BTC was worth half as much back then.
Not sure why people keep saying this. Is it to make yourself or others feel better about the current price? Sure, KMD price may be about the same in terms of USD, but I think it's more important to look at things in terms of BTC. After all, one of the objectives of SuperNET is to work with BTC to increase its value and thereby increasing the value of alts like KMD. If BTC goes up and Komodo goes down, that's counterproductive. Of course, the market doesn't always react this way. But I wouldn't consider BTC going up while KMD goes down or stays the same a good thing. |
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What's the point of buying from ICO, maintaining huge artificial volume and dumping at loss?
I wonder why nobody ever considered that maybe some of the devs or team members are selling off some. These guys probably get them for "free" for the their work, or at a price way below ICO. Not saying there's anything wrong with it, but it is a possibility. |
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Regarding Iguana: the new improved wallet, new website, a bunch of whitepapers (Pax and Jumblr) and a roadmap are still on track to be released soon.
Gonna be this week still, or more likely next week? |
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So realistically, is the next wallet version going to be released this week i.e. by Sunday, or will it be delayed some more?
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Adding more pressure to the GUI team to release, that I could do, but that would seem counter productive as they are all working hard and making good progress and adding pressure could well just create delay.
How about a bit of pressure on the marketing team? As far as I can tell, they have done very little up to this point. A bit disappointing to be honest, considering the scope of this project and the tech involved. You can code and build things all you want, but it makes no difference if you can't get the word out there. |
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Got a question for the team:
Has anyone informed the developers/coin communities of all the coins supported by the iguana wallet that their coin is included? Would be nice way to bring in more users if that hasn't already been done.
It is part of our marketing plan to extend our hand out to these coin communities. Let's get a stable Iguana out first though shall we? Sure, a stable wallet is definitely important. But there are some benefits in reaching out to these coin communities early on: 1) there will be more people testing and reporting bugs, which will lead to getting a stable and bug free wallet faster 2) the coin communities may feel like they are actually a part of the development process, which will foster better relationships It seems like up to this point, the marketing team has always been about waiting and waiting till the "right moment". I don't know if a "right moment" actually exists as everything is so dynamic. Maybe a good thing to get things rolling sooner rather than later. But that's just my opinion. |
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Got a question for the team:
Has anyone informed the developers/coin communities of all the coins supported by the iguana wallet that their coin is included? Would be nice way to bring in more users if that hasn't already been done.
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BTCD up 30% now on Poloniex. It hit .0063.
The pump is artificial, just to get people's attention, 38BTC 24hours trade volume speak for itself, though I invested into Komodo ICO but I didn't have full information on this swap deal, this is day light robbery in my opinion, I will never make this mistake again. All you had to do was read the OP and the following posts in the official thread to know about the swap deal. Really can't blame anyone but yourself for not knowing about it. BTCD was selling way below it's valued price for a long time. Everyone had all the opportunity to grab some, even if you did invest with BTC to begin with. Regardless, it should still be a good return for your BTC investment, judging by current price of BTCD |
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regarding Gui Wallets, how can you say its production ready without support for the most popular OS or give a rough ETA for the Windows Release?
Yeah that's a good question. Any updates on this? |
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There will be marketing effort. Just wait until Komodo Wallet and Iguana is released. First there needs to be a product (GUI) for marketing. With the releases comes trust.
I figured now that there's a concrete schedule/release date, marketing would ramp up since it seems to be a good time to do it to get more people involved and excited about the project. After all, the more users at the beginning, the stronger the network. But sure, I guess you can never be certain that it'll be released until it is released. |
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