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Thank you for the advice. I understand 100x isn't really realistic these days and if anything many coins are still overvalued for what they deliver.
I still think there are promising projects out there that do have the potential for price increase as adoption grows and this is one of them.
Maybe 100x is too much but I still do think we will still see some huge growth here.
opinions?
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Keep in mind alot of traditional investors and funds (institutional money) is flowing towards projects utilizing blockchain technology. traditional investors don't discriminate on whether it is a crypto project or not they only care about the potential and future returns. Projects like Creditcoin are recieving investment from traditional funds like Y combinator and 500 startups, showing that promising projects truly have no limits. way too many token already with this no different Not really. Not many CRYPTO projects invested in by coinbase & y combinator & 500 startups and the ones that they do invest in usually do very well. These are institutional investors and it DOES make a difference. |
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Well the reason I was saying more volume was because then it was only listed on Bittrex but today OKEX was just announced and team says they will be listing on even more and more exchanges
if volume keeps inreasing with each new exchange, doesn't that mean the price will also follow?
That's the logic. But if looking at the chart with the past 1 month, the price already up more than x4 buying now could be buying at the top since the coins entering the market at "Feb" and the price right reaching an all-time high. The coins volume trading will not always increase, also if you look at the chart the price hits around 8500 sat almost 3 times that could be a resistance of price if they can't break it means the price probably going to down. RSI & MACD also on the top. Its at 8900 satoshi now but I understand what you are saying. Do you think its a good time to sell and take profits and then wait to re enter? or is it better to hold until the trading opens on okex and then see what happens then. What would you do? |
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Keep in mind alot of traditional investors and funds (institutional money) is flowing towards projects utilizing blockchain technology. traditional investors don't discriminate on whether it is a crypto project or not they only care about the potential and future returns. Projects like Creditcoin are recieving investment from traditional funds like Y combinator and 500 startups, showing that promising projects truly have no limits.
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-snip-
It may have potential to increase its price .but claiming to reach 100x is too much for project now. As you said its already beat the daily volume of eth then how we can expect that it will add more volume in the next more days. Maybe its price as it peak right now so the 100x will never happen . Exchange listing will not enough hype to increase its price to 100x 5x is more real. Well the reason I was saying more volume was because then it was only listed on Bittrex but today OKEX was just announced and team says they will be listing on even more and more exchanges if volume keeps inreasing with each new exchange, doesn't that mean the price will also follow? |
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Well OKEX just announced they will be listing it, team is saying its the first of many big exchanges. Isn't OKEX a pretty decent exchange with good volume? I think you are right about the investors seeing how it performs on another exchange before listing it on beter ones
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Just announced listing on OKEX. Price now up 100% from the original post. Remmebre this is a coinbase + y comb invested coin, and team has promised even bigger exchanges down the road. Excited to see what happens  |
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Best coin to buy in Credit Coin (CTC) because it was invested in by Coinbase
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Decentralized credit system.
Raised $12 million from Y combinator, Coinbase, and 500 Startups
Currently listed on Bittrex, is doing more daily volume than ether or ripple
Volume and Price has increased greatly the past month without slowing down
Big rumors of major exchange listing (coinbase?) within this month.
Just showed up on OKEX wallet
Just did AMA for Gate IO Chinese community
Former Binance employee as advisor
I mean.... how is this not the next moonshot?
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Not yet, but maybe in a few years.
I know projects like creditcoin (invested in by coinbase , ycomb) are working on building a decentralized credit score system which would make sense for car rentals but right now its too risky
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Not really. For example coins like Creditcoin which was invested in by coinbase, y comb, 500 startups, and a bunch of other places still is maintaining its ICO price.
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hmm team is saying there will be a major exchange listing by the end of the month.
what is the chance it will be coinbase considering the circumstances?
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in all fairness, this was when coinbase listed only 3 coins---BTC, ETH, and LTC. getting listed on coinbase was the holy grail for altcoiners. maybe there were some shenanigans at play but it was a ridiculously thin market in the middle of a bubble.
They had the opportunity to look all professional and polished as they moved on to another phase. Instead they played it worse than Gox on mushrooms. It's ancient history now of course but it really made them look like absolute penises at the time. If I remember rightly there was about one hour of notice and then it started trading. And trading was suspended less than five minutes later. Maybe a week or two of notice would've driven the price mad but the opposite did the same too and screwed some customers big time. So he would wait and see and if it doesn't seem like it is generating a return, he knows that listing it on Coinbase is the easiest way to guarentee a return, so what is stopping him from just listing it?
He has a board and investors to answer to. If he spent his entire life buying shitcoins in secret and then 'surprising' the market with his listing he would be ousted as an out and out hypester and someone with a steadier and less corrupt hand would be brought in. Customers would rapidly tire of it as well. Okay I kinda understand, but like also he bought the coin in public and there are even press releases showing his investment into creditcoin/aella, in that case doesn't that mean that he is kind of encouraging the public to also buy it? |
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This is exactly my question though
If Brian Armstrong invests into a coin, obviously he would expect some sort of return right?
So he would wait and see and if it doesn't seem like it is generating a return, he knows that listing it on Coinbase is the easiest way to guarentee a return, so what is stopping him from just listing it?
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Continuous growth is possible with adoption.
look at coins like BSV, Creditcoin, Chainlink etc
as more users hop on and it becomes more used the price grows. Consdiering how small the crypto economy is , theres still room for basically infinite growth.
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So is it a bad strategy to invest in coins invested in by big names and big funds?
The reason i invested in this project is due to the investment by brian armstrong, y combinator, 500 startups etc, doesn't this mean it has a higher chance of increaseing in price and less chance for failurte?
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Okay so its public knowledge that he is backing the project, but I mean like if he lists it on Coinbase he's basically using his company to get a return on his investment right? Like im sure when he decided to announce it he had some plan to exit and get his money back, whether that involves listing it on the exchange that he owns. That is illegal right? Wouldn't it be the same as if I made an investment into a coin while having inside information that it will be listed on binance for example
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The problem is most projects actually are scams lol
It takes about 10 minutes to make your own token and you can promise the world
I only focus on coins that have been invested in by large funds as I figure their auditing teams are much better than my own skills
some recent projects i've invested in include KAVA, Band, CTC, Gluwa, Perlin
and for the most part my returns have been good
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So basically the coins that are listed on Coinbase are probably the safest coins to invest in?
Also if Brian Armstrong invests in a coin since hes the CEO of coinbase , if he were to list a coin he personally invested in on coinbase (im sure he has the power to do that) would that be considered like a conflict of interest / insider trading?
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So I recently found a new project (Aella) that was invested in by Brian Armstrong of Coinbase.
Does this mean that it will list on coinbase?
or is that considered insider trading etc and not allowed
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