Elastic (XEL) Price Speculation - #Added to Bittrex

[bitdeep]

Hello, i want to buy 0.5 BTC of XEL, how I cant post a trade?

Thanks.

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[LamboMoonYacht]

Given that a good amount of coins will not be redeemed (http://elasticexplorer.org/about/) and looking at other altcoin market capitalizations a fair initial price for XEL should be around 2.1$ in my opinion (around 78k satoshi).

That would put XEL well over $100m market cap. Seems pretty generous considering GridCoin is still below $30m, and many people say Grid is more practical than Golem. How Golem reached $500m+ is beyond me... AFAIK they don't even have a working product yet. The only render test I heard of returned pretty unimpressive results.

The XEL spread on Heatwallet is pretty interesting right now. Bids around .00017 and Asks at .00025.

[silverkamote]

Keep in mind that those other projects (i.e. Golem, SONM, etc) are targeting use cases that are easily marketable (rendering video, BOINC, etc). XEL is very low level compared to that...it will require the author to code a job in ElasticPL...this is not an easy task.So while the purpose of XEL is great, it's does not nearly have the mass appeal as those other coins. So I just caution folks tobe realistic...XEL is nothing like the other projects in this area.

[Evil-Knievel]

Keep in mind that those other projects (i.e. Golem, SONM, etc) are targeting use cases that are easily marketable (rendering video, BOINC, etc). XEL is very low level compared to that...it will require the author to code a job in ElasticPL...this is not an easy task.So while the purpose of XEL is great, it's does not nearly have the mass appeal as those other coins. So I just caution folks tobe realistic...XEL is nothing like the other projects in this area.

You forgot to add a reference to your quote from coralreefer.

[LamboMoonYacht]

Yesterday when I offered around 16k sats per XEL I got 6 offers and due to that I raised it to 18k and most where happy to do the trade. Today I am seeing quite a few people wanting to buy around 20k.

I am selling 5-8k as I want to keep a few XEL for myself. I am selling at 22k sats each. PM if interested.

I think below 20k XEL is undervalued but above 25k is overvalued. That's why I am going with a price in between.

I was about to transfer some BTC to the Heat exchange and put in an order around that price, but I'm just afraid this project might've gotten over-hyped by the little Bitcointalk OTC bubble. 25k would put the valuation at $41m, which means it would leapfrog GridCoin without being on a single big exchange...

I'm afraid once it gets listed on a bigger exchange like Bittrex or Polo people might shy away from that valuation and the price could dip to 5k-10k.

IIRC, these prices are already 40x the ICO price.

[bobmarley650]

Yesterday when I offered around 16k sats per XEL I got 6 offers and due to that I raised it to 18k and most where happy to do the trade. Today I am seeing quite a few people wanting to buy around 20k.

I am selling 5-8k as I want to keep a few XEL for myself. I am selling at 22k sats each. PM if interested.

I think below 20k XEL is undervalued but above 25k is overvalued. That's why I am going with a price in between.

I was about to transfer some BTC to the Heat exchange and put in an order around that price, but I'm just afraid this project might've gotten over-hyped by the little Bitcointalk OTC bubble. 25k would put the valuation at $41m, which means it would leapfrog GridCoin without being on a single big exchange...

I'm afraid once it gets listed on a bigger exchange like Bittrex or Polo people might shy away from that valuation and the price could dip to 5k-10k.

IIRC, these prices are already 40x the ICO price.

I'm not into this tech stuff, but most of the people think that XEL is more advanced platform than Golem, that's why most of the buyers and the twitter accounts with lots of followers are buiyng and talking about it.

[LamboMoonYacht]

Yesterday when I offered around 16k sats per XEL I got 6 offers and due to that I raised it to 18k and most where happy to do the trade. Today I am seeing quite a few people wanting to buy around 20k.

I am selling 5-8k as I want to keep a few XEL for myself. I am selling at 22k sats each. PM if interested.

I think below 20k XEL is undervalued but above 25k is overvalued. That's why I am going with a price in between.

I was about to transfer some BTC to the Heat exchange and put in an order around that price, but I'm just afraid this project might've gotten over-hyped by the little Bitcointalk OTC bubble. 25k would put the valuation at $41m, which means it would leapfrog GridCoin without being on a single big exchange...

I'm afraid once it gets listed on a bigger exchange like Bittrex or Polo people might shy away from that valuation and the price could dip to 5k-10k.

IIRC, these prices are already 40x the ICO price.

I'm not into this tech stuff, but most of the people think that XEL is more advanced platform than Golem, that's why most of the buyers and the twitter accounts with lots of followers are buiyng and talking about it.

People holding XEL think XEL is more advanced than Golem. The reality is that Golem is meant to do everything. It will support custom applications just like XEL, but all the delusional people in this thread seem to think only XEL can do that.

I also noticed PandaWhale mentioned XEL on Twitter, but in the same Tweet he said it may already be overvalued.

Golem seems to be aiming for a much broader market, and it took them years just to break $10m valuation. People are already selling XEL at $40m+ valuation.

Edit: Just read that XEL was basically abandoned by its original creator (Lannister), and someone named EK volunteered to take over but most likely won't stick around after launch. The more I read about XEL, the more ridiculous the current prices seem and the more I think it will plummet once it hits a real exchange.

Wait, is EK Evil-Knievel? Hahaha oh boy...

[Sparky_eMunie]

I also noticed PandaWhale mentioned XEL on Twitter, but in the same Tweet he said it may already be overvalued.

This is FUD. PandaWhale said that some coins are overvalued, but not specifically XEL.

Actually he tweeted once that Golem market cap is a joke compared to XEL, as XEL is an almost completed product vs the wishful thinking of GOLEM.

[Karen98]

Edit: Just read that XEL was basically abandoned by its original creator (Lannister), and someone named EK volunteered to take over but most likely won't stick around after launch. The more I read about XEL, the more ridiculous the current prices seem and the more I think it will plummet once it hits a real exchange.

Wait, is EK Evil-Knievel? Hahaha oh boy...

Stop trolling! Lannister, the original creator mentioned health problems before disappering and spread some of the original donations to other devs that have joined his project. After Lannister disappeared the other devs continued the development for a long time for free. Only recently have the devs received some donations from the community, including a alrge 500k XEL donation from one user. They are still working hard on the project, for many hours each day.

[Sharky444]

It was on medium.

https://medium.com/@WhalePanda/consensus-2017-recap-36e91b91aa9a

WhalePanda:

Take Golem for example: $400 million+ marketcap and not even a properly working product, just because it’s on Ethereum. Elastic for example is a similar project, they raised 700+ BTC in donations but they basically have a superior working product close to launch.

[LamboMoonYacht]

Edit: Just read that XEL was basically abandoned by its original creator (Lannister), and someone named EK volunteered to take over but most likely won't stick around after launch. The more I read about XEL, the more ridiculous the current prices seem and the more I think it will plummet once it hits a real exchange.

Wait, is EK Evil-Knievel? Hahaha oh boy...

Stop trolling! Lannister, the original creator mentioned health problems before disappering and spread some of the original donations to other devs that have joined his project. After Lannister disappeared the other devs continued the development for a long time for free. Only recently have the devs received some donations from the community, including a alrge 500k XEL donation from one user. They are still working hard on the project, for many hours each day.

Trolling? I'm just repeating what I've read in the XEL threads on these forums.

Stop referring to all criticism as "trolling" and "FUD", it only makes you look desperate.

The fact that you admit the original dev disappeared after distributing some of the original donations is extremely troubling.

[Sharky444]

The fact that you admit the original dev disappeared after distributing some of the original donations is extremely troubling.

It is! As troubling as the disappearance of Satoshi.

[aleksand]

So many FUD and low-ballers here. Don't listen to newbie and jr.accounts. Remember that elastic donation period was at the beginning of the 2016 till augost 2016. Check registration of the person who could donate during this period. Don't wonna check this thread anymore cause of too much FUD from newbies about gridcoin(don't even know about it). Just one person made several account and talking about gridcoin. Be careful!

[LamboMoonYacht]

So many FUD and low-ballers here. Don't listen to newbie and jr.accounts. Remember that elastic donation period was at the beginning of the 2016 till augost 2016. Check registration of the person who could donate during this period. Don't wonna check this thread anymore cause of too much FUD from newbies about gridcoin(don't even know about it). Just one person made several account and talking about gridcoin. Be careful!

Calling valid criticism "FUD" makes you look desperate and insecure. It shows that you can't form a rational counter-argument. And the fact that you don't even know what GridCoin is (a well-known distributed computing project based on BOINC and already traded on the biggest exchanges) shows how woefully uninformed you are.

I've asked what makes XEL better than Golem and the response was nothing but outdated misinformation. That's not a good sign for XEL. When there's already a goliath in the market doing exactly what you plan to do and you can't explain why you're better or different, you have a problem. The fact that EK doesn't even seem to understand Golem is even worse. His canned response is still "But they're just doing Blender rendering!"

XEL doesn't even have a current white paper and people think it's worth $30m? That's just plain idiocy. They can't even put together a functional website -- most of their links just go straight to GitHub. No team page. No FAQ. Abandoned by the original dev. It looks like a bad joke.

This has all the hallmarks of a doomed project or a thinly veiled cash grab.

[Limx Dev]

_________________ Elastic OTC List

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WTB Want to buy

Code:

 
Amount	SAT	User
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10000	2000		PM miayama
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1000000 3500		PM win777			https://bitcointalk.org/index.php?action=profile;u=948479
__any	4100		PM Mgrover			https://bitcointalk.org/index.php?action=profile;u=852605
1000000 4000		PM trader19			https://bitcointalk.org/index.php?action=profile;u=99349
50000	4500		PM maxxar			https://bitcointalk.org/index.php?action=profile;u=91575
208 	4766		PM abakr			https://bitcointalk.org/index.php?action=profile
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4500 	5500		PM #BiT_pOL 			https://bitcointalk.org/index.php?action=profile;u=144038
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12000	12000		PM whiskers75			https://bitcointalk.org/index.php?action=profile;u=56964
20000+	13000		PM wsbltc			https://bitcointalk.org/index.php?action=profile;u=139063
3500	25000		PM Bgjjj2016			https://bitcointalk.org/index.php?action=profile;u=804073

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Code:

 
Amount	SAT		User
10000	12000		PM ltcgearscammed		https://bitcointalk.org/index.php?action=profile;u=407620
180752	12700		PM wwdz99			https://bitcointalk.org/index.php?action=profile;u=163007
5000	18000		PM ltcgearscammed		https://bitcointalk.org/index.php?action=profile;u=407620
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7000	30000		PM Thefrolly
500000	33000		PM bubbletea789			https://bitcointalk.org/index.php?action=profile;u=389807
20000+	35000 		PM marechoux			https://bitcointalk.org/index.php?action=profile;u=217105 over 20K Discount	
10000	40000		PM by rallier			https://bitcointalk.org/index.php?action=profile;u=152486
100000	40000		PM recursive_			https://bitcointalk.org/index.php?action=profile;u=1036117
_any	75000		PM cebb				https://bitcointalk.org/index.php?action=profile;u=112596 && TOP30
500000	100000		PM smoke14			https://bitcointalk.org/index.php?action=profile;u=506013
5000	100000		PM bkeenan			https://bitcointalk.org/index.php?action=profile;u=114990
100000	100000		PM recursive_			https://bitcointalk.org/index.php?action=profile;u=1036117
12500	100000+		PM MiningSev0			https://bitcointalk.org/index.php?action=profile;u=378111
17500	100000		PM HomoHenning			https://bitcointalk.org/index.php?action=profile;u=828845
50000	120000		PM Limx Dev			https://bitcointalk.org/index.php?action=profile;u=389271 Escrow only Yassin
8238	170000		PM cryptoburrito		https://bitcointalk.org/index.php?action=profile;u=1031834
70000 	200000		PM josegines			https://bitcointalk.org/index.php?action=profile;u=88798
100000	500000 		PM 1cent			https://bitcointalk.org/index.php?action=profile;u=1016538 unvoid or byralier for escrow
26000	500000		PM Bgjjj2016			https://bitcointalk.org/index.php?action=profile;u=804073
50000	0,1 BTC		PM Evil-Knievel 	
5	1 BTC		PM bobmarley650			https://bitcointalk.org/index.php?action=profile;u=138323
 58657	__any		PM Gomeler			https://bitcointalk.org/index.php?action=profile;u=35249
__any	__any		PM dranster
92696	__any		PM cryptoheadd		

You can add your order with this template:

WTB Amount Prize PM USER Optional your Bitcointalk link
18881 4766 PM juras54 https://bitcointalk.org/index.php?action=profile;u=199703
WTS Amount Prize PM USER Optional your Bitcointalk link

[Prize = SAT] Please only with SAT

Donation for Service : 15Gr7QxmBFHNpWsV5CKTNuyEhwtD5JiW1P

[ttookk]

(…)doing exactly what you plan to do(…)

I think you got it the other way around there, buddy.

Nobody bothers to look at golem, that's why nobody answers. We are not in competition with them.

Do they have a working product? XEL does. Admittedly, "working" as in proof-of-concept-state, but still.

Last time I checked, which is a few months ago, Golem and Elastic were designed for different usecases; Golem for things like rendering and so on, Elastic for things which are, for lack of a better term, bruteforceable. Maybe they updated their roadmap since then, I don't know and I don't care.

And with that, welcome to my ignore list.

[LamboMoonYacht]

(…)doing exactly what you plan to do(…)

I think you got it the other way around there, buddy.

Nobody bothers to look at golem, that's why nobody answers. We are not in competition with them.

Do they have a working product? XEL does. Admittedly, "working" as in proof-of-concept-state, but still.

Last time I checked, which is a few months ago, Golem and Elastic were designed for different usecases; Golem for things like rendering and so on, Elastic for things which are, for lack of a better term, bruteforceable. Maybe they updated their roadmap since then, I don't know and I don't care.

And with that, welcome to my ignore list.

Golem and GridCoin both have working products that have completed projects.

The ignorance here is stunning.

You all stay inside your little bubble where everyone agrees with you and can't handle any criticism, and you don't even have the slightest clue about XEL's competitors.

[ttookk]

I think this post pretty much sums up the state of mind of the Elastic community:

On Competition, Technology, and Prices, or, Why We Do Not Speak About The Others

On the 11th of November, 2016, the great Ethereum community funded Golem project, placing their trust in us to deliver technology to change the way the entire market for computation is organised. Even more impressively, it seems the community even shared our goal of building a better, more decentralised Internet on top of this already ambitious goal. Thus our focus is on delivering technology, and the sustainable business model that would surround it. This means our focus is not on many other things community sometimes expects us to do, and I’d like to explain what those things are, and why we ignore them.
Golem competitors and their ICOs/crowdfundings

    Subject: [contact] (name of the project) takes over Golem

    Date: Wed, 14 Jun 2017 09:36:52 +0200

    From: (name)@gmail.com

    To: contact@golem.network

    Hey People,

    Are you going to write something on the various crypto news channels or you are gonna let eat (name of the project) you alive.
     Investers will be running through the door to them if you keep silent on those channels.
     Writting text isn’t that hard else people like me will be dumping gnt and go for their ico tomorrow.

It is our policy that, wherever possible, we simply do not engage in discussions with our competitors, especially those which are in a pre-crowdfunding phase. We are not doing that, because we see it as a waste of our valuable time. Again, we have to focus on delivering this technology. Our self-proclaimed competitors are focused on showing how they are different and superior to Golem. This is an obvious strategy, as there is no need to fund a project which would be exactly the same or even inferior to Golem. The truth is however, that both Golem and others will struggle to manifest this vision, because it is hard. Have we solved all the problems? Not yet, we’re working on it. Have they? I do not think so and have not seen anything which would change my mind. And besides, if they have solved anything, they could just launch it; there would be no need for crowdfunding.

Make no mistake: we are researching in detail every project around that we think might be interesting and valuable for us. We are already forming partnerships with great teams to work together on decentralised technologies. I believe there is always scope to cooperate, if the other party (even your competitor!) acts reasonable. I also believe that most of the teams working on similar technologies are legitimate, and some may eventually do better than Golem (of course I believe we are the best, but I am biased). I also think that sometimes, some of the project fail to communicate responsibly what their technology is, and even what Golem is — either because they have not researched the technology, or because they wish to create hype and FUD around some ICO. But, if that is often the case, why do we not engage in the discussion?
Communication to speculators does not matter

We do not do that because communication to traders and speculators is not that important to the actual development and adoption of our core technology. All the communication around ICOs and prices is communication to people interested in ICOs and prices. This group is not relevant for the adoption of projects like Golem. We either go mainstream, which is to say, we become successful at minimum in some interesting sub-communities outside of the blockchain space, or we die. And on the contrary, entering into irrelevant discussions on nonsensical statements (or true statements we have commented 10 times already) is simply a waste of our time. At this stage of the project, we owe ourselves and our community two things: regular information about our progress, and a business development and communications strategy for the broader world.
Price discussions are harmful

What I said above is even more true for the discussions around the price of GNT. A week ago I was asked to comment at a conference on prices. If you think about that, there is no way I can give a good answer. Regardless of what I say, it will be be misinterpreted by some, and not understood by others. It will result in a mess, and then an even larger mess when I will try to explain what I mean, which will itself be misinterpreted and misunderstood. I will waste a lot of time, the project will lose credibility, and that all for no gain whatsoever. About entering discussions on the ICOs and crowdfunding events of our competitors, we see it as more or less the same.
This is all about technology

What we are doing here is creating cutting-edge technology, and then pushing it to mainstream, practical use, as fast and hard as we can. Honestly I believe that we can do that — I know that this is what we are going to do. Thus, discussing how to achieve that is generally perceived by us as a better use of our time, certainly better than discussing other teams’ blog posts. And if this latter discussion is a process purely driven by ICO logic, then this is really not useful.

Source:

https://blog.golemproject.net/on-competition-technology-and-prices-or-why-we-do-not-speak-about-the-others-b3d40adbb994

[aleksand]

So many FUD and low-ballers here. Don't listen to newbie and jr.accounts. Remember that elastic donation period was at the beginning of the 2016 till augost 2016. Check registration of the person who could donate during this period. Don't wonna check this thread anymore cause of too much FUD from newbies about gridcoin(don't even know about it). Just one person made several account and talking about gridcoin. Be careful!

Calling valid criticism "FUD" makes you look desperate and insecure. It shows that you can't form a rational counter-argument. And the fact that you don't even know what GridCoin is (a well-known distributed computing project based on BOINC and already traded on the biggest exchanges) shows how woefully uninformed you are.

I've asked what makes XEL better than Golem and the response was nothing but outdated misinformation. That's not a good sign for XEL. When there's already a goliath in the market doing exactly what you plan to do and you can't explain why you're better or different, you have a problem. The fact that EK doesn't even seem to understand Golem is even worse. His canned response is still "But they're just doing Blender rendering!"

XEL doesn't even have a current white paper and people think it's worth $30m? That's just plain idiocy. They can't even put together a functional website -- most of their links just go straight to GitHub. No team page. No FAQ. Abandoned by the original dev. It looks like a bad joke.

This has all the hallmarks of a doomed project or a thinly veiled cash grab.

What's your main account? I know it's your fake account man. You just made several account and spamming here your Gridcoin. Did you see me spamming at gridcoin's thread? Just open official website elastic.pw and find info you need. Person above made special gift for you copying info from website.

[ttookk]

@aleksand,

read the post I made before carefully

But thank you for proving my point