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Golftech
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April 29, 2017, 05:10:44 PM |
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Personally I've started to unload a bit.
Long-term it could go higher but for now I think it's due a bit of a breather.
I feel like it's following Eth at a slow rate. Might plateau for a bit its really rising up and showing still a lots of up movement, i feel sorry for selling when the price went to 8k thinking that it will stop rising and the profits of 20% is already good but I'm trying to make some entry again to hold for much longer time might be possible to reach 15k sat better to have some before it went to its peak. |
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Fabrizio89
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April 29, 2017, 05:23:04 PM |
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Can anyone give me a tldr on this thing?
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sxafir
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April 29, 2017, 05:30:55 PM |
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Golem added to eoboot.
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zaptakes
Newbie
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Activity: 56
Merit: 0
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April 29, 2017, 05:40:51 PM |
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Since ico it was clear that this trade was the easiest one. Ah this point, everything is out of the box : brass coming, gigantic ether enthousiasm from p investors and corporates. IMHO 1 dollar is inevitable at this point in 2017. Even the crappy etc has indecent mk and volume compared to gnt.
And quite frankly , look all the silence that has surrounded GOLEM : posts on btctalks are pretty rare compared to others bullshits coins. For me it was and it is a sign whales are acumulating widly.
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clixcoin
Legendary
Offline
Activity: 1750
Merit: 1004
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April 29, 2017, 06:04:29 PM |
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Personally I've started to unload a bit.
Long-term it could go higher but for now I think it's due a bit of a breather.
This is good decision in long term we hold to some amount current is very decent. I also in secure position luckily I bought around 1300 satoshi so that without any doubt this project is great to hold. |
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minime0105
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April 29, 2017, 07:03:01 PM |
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The golem project is showoing its potentials now, Taking over the 10th in market cap say only one thing. Hold your golems and we are going to the moon!
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Dromund
Newbie
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Activity: 8
Merit: 0
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April 29, 2017, 07:25:05 PM |
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i used to think that the market cap for this would not likely grow into the billions. however since there are only so many coins that we will ever see (and we've hit that number) then we have to realize that in order for payments to be made possible in this currency that is exactly what has to happen. how many coins currently would you need to be able to pay for a 100k $s worth of computing power? Over 500k coins out of a billion at the current price as I post this. They may not be able to buy that many very quickly at times where as tens of trillions of dollars exist. Of course as they bought hundreds of thousands of coins the price would go up, but you get the idea of what I am saying.
One thing that could happen in the beginning of this is that as people bought many coins to use for the golem program they would grow distracted from their projects and become traders, at least temporarily. This is why I am worried that someone will copy this idea but accept cash. Is there a reason this will not happen? They would be able to start more quickly and here is why.
If one golem coin we valued at $10 then you would still need a 1000 coins to pay for a million dollars worth of computing power, but what if in between your buying the coins and your looking to pay for your project the price drops? This is inevitable is it not? How many times must someone complain about this before some of its users complain about it and scare everyone off? Am I crazy to think all of this or is everyone else really really stupid.
Some will say the price could go up but what if they wanted to something done now and the price went down ten percent a minute later?
So on the one hand as my title implied this coin could gain a great deal of value, but I worry that these problems could prevent the whole thing from gaining traction after a certain point.
I do however have a solution.
If someone can guarantee that their computing power would be priced in golem as opposed to dollars then this would bypass all of this. For instance, I don't say I am willing to sell computing power for $5 worth of golem. I say I am willing to sell computing power for 5 golem.
Has anyone figured this out yet? Please tell me it is so.
A lot of bitcoin fans believe that because you can buy something in bitcoin that the products are priced in bitcoin, but the retailers that take it turn it into dollars as quickly as possible. They only take dollars worth of bitcoin.
Golem devs can not fall into this trap or someone will steal their technology and simply accept dollars for it. If it gets investment then it will bypass this attempt at it and Golem will be totally forgotten. I am willing to follow the hype for now but someone tell me the devs understand this, which is the single most important issue, for golem?
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BrannigansLaw
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April 29, 2017, 08:53:48 PM |
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This is such a bubble! Although it has peaked my interest I will buy when the panic sets in. Too few hold too much at the moment and as the price increase, so does the odds of 1 person selling it to the floor. Where is the best place to buy?
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eight888
Newbie
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Activity: 10
Merit: 0
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April 29, 2017, 09:06:20 PM |
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This is such a bubble! Although it has peaked my interest I will buy when the panic sets in. Too few hold too much at the moment and as the price increase, so does the odds of 1 person selling it to the floor. Where is the best place to buy?
 the market cap is 143,xxx,xxx you blink and it will be .30 don't hold your breath on it popping |
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teslacoilr90
Newbie
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Activity: 15
Merit: 0
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April 30, 2017, 12:36:00 AM |
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This is such a bubble! Although it has peaked my interest I will buy when the panic sets in. Too few hold too much at the moment and as the price increase, so does the odds of 1 person selling it to the floor. Where is the best place to buy?
the market cap is 143,xxx,xxx you blink and it will be .30 don't hold your breath on it popping My question is, how will GNT work in 5 years when no new GNT are made... we need some kind of inflation or something, don't we? |
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Dromund
Newbie
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Activity: 8
Merit: 0
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April 30, 2017, 07:01:30 AM |
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This is such a bubble! Although it has peaked my interest I will buy when the panic sets in. Too few hold too much at the moment and as the price increase, so does the odds of 1 person selling it to the floor. Where is the best place to buy?
the market cap is 143,xxx,xxx you blink and it will be .30 don't hold your breath on it popping My question is, how will GNT work in 5 years when no new GNT are made... we need some kind of inflation or something, don't we? this is like people saying gold could not be money again because there's not enough per person. it's a matter of price. the price only has to go up for you to not need as many ounces or in this case coins of golem to be able to pull off more and more transactions. i wrote about this above in fact. this is why the market cap of golem, if people choose to use it for buying computing power, will have to go up into the billions. whatever the size of the markets is it takes over it has to be many multiples of that. for instance if the market for computing wind directions is globally a $1 bil (let's just pretend as idk what it is) and golem absorbs a quarter of that market by moving around $250 mil per year then the market cap of golem has to be many times that $250 million dollar amount to ensure that there are enough coins to move around. at a fixed coin supply there is no other option. of course that is not the only market golem can take a bite out of. i estimate that within a few decades golem could take on dozens of markets if not hundreds and be moving around billions per year in which case the market cap of golem would need to be at least tens of billions, maybe hundreds of billions. this is not to say golem is guaranteed to be the currency used here. if the devs do not discover a way to ensure that from the moment someone buys golems to the moment they pay for their computing power the price stays the same for the project then if someone buys golem only to see the price go down before they pay for their project the whole thing could collapse. i have not seen a serious enough look into this. on the golem blog the devs mentioning a sort of coffee backed standard which is to me a joke. anything youd like me to clarify? |
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BrannigansLaw
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April 30, 2017, 07:43:37 AM |
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What has this got that Gridcoin hasn't? Gridcoin looks much more developed and well overall a better coin/trustworthy.
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Shahrul09
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April 30, 2017, 11:08:56 AM |
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Does price rising because of bitcoin dump or because brass golem coming up later?
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btvGainer
Legendary
Offline
Activity: 854
Merit: 1000
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April 30, 2017, 12:08:59 PM |
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The golem project is showoing its potentials now, Taking over the 10th in market cap say only one thing. Hold your golems and we are going to the moon!
I am damn sure next month Golem will hit 0.001 btc.This is such a killing project. |
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denam
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April 30, 2017, 12:18:48 PM |
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It was most profitable investment for me and I do believe in long term as well. At the same time basic rule of investment what I don't forget is take your initial investment out and then stay in where you see potential and market has possibility of growing. This is what I did and now one year is not problem to wait for the thing to roll out.
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yofevo1
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April 30, 2017, 12:24:09 PM |
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waiting GNT 20k sats  I have 75k GNT  GNT make me rich and i want to buy Motorcycle NINJA from profit GNT go go go GNT |
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V3kst0R
Newbie
Offline
Activity: 29
Merit: 0
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April 30, 2017, 12:41:17 PM |
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GNT to the MOON I LOVE U GNT  |
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Shahrul09
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April 30, 2017, 01:06:44 PM |
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Some whale bought 150k gnt in polo.Is this the reason it going up?
Hopefully not a pump and dump.
maybe we will be doubled in next month, I am confident about that, we will go up further.
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vanarebane
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April 30, 2017, 01:32:43 PM |
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Some whale bought 150k gnt in polo.Is this the reason it going up?
Hopefully not a pump and dump.
maybe we will be doubled in next month, I am confident about that, we will go up further.
I will be very happy if the price will be doubled, golem is the giant player like its supercomputer, no doubt that it will be huge. |
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Norfolk
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April 30, 2017, 02:53:21 PM |
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this is only accumulation period until 50-60k, normal situation. Remember that's person from IBM also invested in this project, do not associate this with usual PND coins
after 1-2 year nobody will get so cheap longterm project, because market of blockhain in a dotcom boom now, and early high risk investments make good work for people in near future, but not for people after 2 years
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