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Author Topic: Why I'm selling all my alt coins and putting everything into Golos  (Read 14817 times)
gentil
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May 18, 2017, 10:21:06 PM
 #1

I've come to the conclusion that Golos http://coinmarketcap.com/currencies/golos/ is massively undervalued. For this reason I've decided to sell all my other alt coins and put everything into Golos. Here's why:

Background

Golos is a fork of Steem http://coinmarketcap.com/currencies/steem/ but for Russian users (Steem is targetted at English speakers).

Its basically a social media platform where you earn Golos (money) for either writing articles or curating articles (upvoting etc). This is explained here https://steemit.com/faq.html#How_does_Steemit_work

Steem also has a large Wikipedia page
https://en.wikipedia.org/wiki/Steemit

My calculations

There are about 500 million native English speakers in the word, with another 510 million people speaking English as a second language - source https://en.wikipedia.org/wiki/List_of_languages_by_total_number_of_speakers (total of 1.01 billion speakers).

There are about 150 million native Russian speakers, with another 115 million speaking it as a second languge (total of 265 million speakers).

So there are roughly 3.8 times more English speakers than Russian speakers.

The market cap of Steem is currently about $212 million
The market cap of Golos is currently about $4 million

So the market cap of Golos is about 53 times smaller than Steem, but there are only 3.8 more English speakers than Russian speakers. All other things being equal the market cap of Golos should be 3.8 times smaller than Steem, so $56 million (instead of the current $4 million)

Steem is about 13 months old
Golos is about 4 months old

Obviously we need to consider the current number of users on both platforms when comparing price

https://golos.io/ and https://steem.io

Its an approximate calculation, but it appears currently Steem has about 5-10 times more posts, votes etc than Golos. So say an average of 7.5 more traction. So based on these numbers Golos should have a market cap 7.5 times less than Steem - so $28 million (instead of the current $4 million)

Recent Steem performance vs Golos vs alts

Golos launched on January 19 2017. Since this date, Steem has increased its market cap by 473%. However Golos has decreased its market cap by 7%. And since the same date, alt coins have increased 1262%

So basically Steem has underperformed the alt coin market, and Golos has totally underperformed the alt coin market since it launched.

The Ripple and Stellar effect


This is where it gets more interesting. Ripple shot up in value by more than 6000% between March and now.

Stellar Lumens are a fork of Ripple. Despite Ripple exploding, the price of Stellar barely changed until May 4. Between May 4 and May 18 it increased about 750%

Despite most alt coins exploding January-May, the Steem price didnt move much. Then between May 5 and today May 18 Steem has gone up 177%. Golos may well shoot up in value any time soon.

The Russian language opportunity

A possible reason why Golos has lagged the market is its an entirely Russian crypto. The majority of crypto investors (like you and me) don't speak Russian.

So when we visit a crypto coin website like Golos https://golos.io/ and see a bunch of Russian we pretty much rule out investing in it. We don't understand it!!

However think about it from a Russian crypto investors perspective. Most Russians don't speak English, certainly most don't speak it well enough to read/analyse English language focused crypto coin websites (basically most cryptos). NB think how hard it is to understand much crypto info when its written in your native language, never mind your second language.

Golos would be a much easier investment for Russians to make. They don't need to try and use Google translate etc to understand the offering.

Other factors


I first read about Steem about 6 months ago. I had a look, but to me the quality of the content was really poor and it didnt seem to have much traction.

However this is changing fast. For example this article https://steemit.com/cryptocurrency/@jrcornel/is-this-the-beginning-of-cryptocurrency-mass-adoption has earned more than $400 despite only being 1 day old! If this article was published 1 month ago (before Steemit shot up in value) it would only have earned about $100 in 1 day. Steem and Golos have an ingenius network effect.

Further, the main social media platforms like Youtube and Facebook have started trying to ban anti establishment content like https://steemit.com/money/@sgtreport/end-of-the-empire-bill-holter How dare anyone suggest the USD has problems, despite there being so much evidence that the USD as a world reserve currency is failing! This kind of big brother censorship on Facebook, Youtube etc is only going to make sites like Steem and Golos far more popular.

So in summary thats why I'm going to sell all my alt holdings and put them into Golos. I think its going to explode in value really soon.

Let me know you're thoughts. If you think I'm an idiot then please back up your viewpoint with data  Smiley

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May 19, 2017, 12:23:54 AM
 #2

im sure most folks will be sitting here saying "look at this guy trying to pump his coin/bag" and mabye you are BUT at least you have tried to back it up with info and links unlike most

its definitely an interesting pov you put forward, scholl!! as the vikings used to say

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May 19, 2017, 12:24:03 AM
 #3

One thing to consider is platforms like Steemit need a userbase to thrive since a lack of activity is boring so it isn't just a linear calculation of this many users should equal a certain market cap. It is a compounding effect.
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May 19, 2017, 12:57:03 AM
 #4

the steemit price depended on a bunch of whales pumping the hell out of it and gaming however you make money with views, i never bothered to find out. does this coin have the same? that's all that counts.

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gentil
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May 19, 2017, 02:24:29 AM
 #5

im sure most folks will be sitting here saying "look at this guy trying to pump his coin/bag" and mabye you are BUT at least you have tried to back it up with info and links unlike most

its definitely an interesting pov you put forward, scholl!! as the vikings used to say

fair point  Smiley Of course I have a vested interested as I decided to go so heavily into Golos. But thanks for the props on the data. I'm all ears if people try and justify crypto values with data. Too many people just come out with 'too the moon' bullshit without backing it up with sound reason - or any reason!

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gentil
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May 19, 2017, 02:28:29 AM
 #6

One thing to consider is platforms like Steemit need a userbase to thrive since a lack of activity is boring so it isn't just a linear calculation of this many users should equal a certain market cap. It is a compounding effect.

Yes good point. Unfortunately nothing in crypto is black and white. But if you look at the content of Steemit now vs even 4-5 months ago, its better.

Also, I've noticed on Youtube that some channels are encouraging people to subscribe / comment on videos through Steemit instead of Youtube. This has only started recently. Youtube have started filtering a lot of content and its really making a lot of Youtube channels angry.

My basic thesus is Steemit is go to growing but Golos will grow faster. We'll see...

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gentil
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May 19, 2017, 02:39:10 AM
 #7

the steemit price depended on a bunch of whales pumping the hell out of it and gaming however you make money with views, i never bothered to find out. does this coin have the same? that's all that counts.

You earn Golos the same as Steemit, either through publishing your own content or curating (commenting / voting on other content). Golos is a fork of Steemit. Its similar but not the same. For example as I understand soon (from May 29 I believe) you will be able to edit posts on Golos that are more than 30 days old. 

source - https://steemit.com/golos/@gliten/are-you-guys-at-all-invested-in-golos-why-why-not (I think this guy is invested in Golos too so do your own research   Roll Eyes

One of the things that really got my attention was how much more money you make as the value of the currency increases.

So if Golos increases in value 100% it means that anyone that earns money by posting content earns 100% more.

Compare this to Youtube. If you're videos earn $5 per 1,000 views, in order to earn $10 you need to double your views to 2,000. Thats much harder. With Golos you can double or more your earnings whenver the value of Golos doubles. Its massive snowball effect that encourages people to join the network and publish content.

What other crypto has a snowball effect like this? I can't find any


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robelneo
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May 19, 2017, 03:16:37 AM
 #8

This coin is interesting I just knew that steeemit will be cloned one day and Russian is a good country to clone this project,but I hope they don't have the same features like steemit where only few people make big earnings fromtheir articles,will definitely look on this project,they could beat Steemit one day,who knows?

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May 19, 2017, 03:43:19 AM
 #9

I've come to the conclusion that Golos http://coinmarketcap.com/currencies/golos/ is massively undervalued. For this reason I've decided to sell all my other alt coins and put everything into Golos. Here's why:

Background

Golos is a fork of Steemit http://coinmarketcap.com/currencies/steem/ but for Russian users (Steemit is targetted at Englsh speakers).

Its basically a social media platform where you earn Golos (money) for either writing articles or curating articles (upvoting etc). This is explained here https://steemit.com/faq.html#How_does_Steemit_work

Steemit also has a large Wikipedia page
https://en.wikipedia.org/wiki/Steemit

My calculations

There are about 500 million native English speakers in the word, with another 510 million people speaking English as a second language - source https://en.wikipedia.org/wiki/List_of_languages_by_total_number_of_speakers (total of 1.01 billion speakers).

There are about 150 million native Russian speakers, with another 115 million speaking it as a second languge (total of 265 million speakers).

So there are roughly 3.8 times more English speakers than Russian speakers.

The market cap of Steemit is currently about $212 million
The market cap of Golos is currently about $4 million

So the market cap of Golos is about 53 times smaller than Steemit, but there are only 3.8 more English speakers than Russian speakers. All other things being equal the market cap of Golos should be 3.8 times smaller than Steemit, so $56 million (instead of the current $4 million)

Steemit is about 13 months old
Golos is about 4 months old

Obviously we need to consider the current number of users on both platforms when comparing price

https://golos.io/ and https://steem.io

Its an approximate calculation, but it appears currently steemit has about 5-10 times more posts, votes etc than Golos. So say an average of 7.5 more traction. So based on these numbers Golos should have a market cap 7.5 times less than Steemit - so $28 million (instead of the current $4 million)

Recent Steemit performance vs Golos vs alts

Golos launched on January 19 2017. Since this date, Steemit has increased its market cap by 473%. However Golos has decreased its market cap by 7%. And since the same date, alt coins have increased 1262%

So basically steemit has underperformed the alt coin market, and Golos has totally underperformed the alt coin market since it launched.

The Ripple and Stellar effect


This is where it gets more interesting. Ripple shot up in value by more than 6000% between March and now.

Stellar Lumens are a fork of Ripple. Despite Ripple exploding, the price of Stellar barely changed until May 4. Between May 4 and May 18 it increased about 750%

Despite most alt coins exploding January-May, the Steemit price didnt move much. Then between May 5 and today May 18 Steemit has gone up 177%. Golos may well shoot up in value any time soon.

The Russian language opportunity

A possible reason why Golos has lagged the market is its an entirely Russian crypto. The majority of crypto investors (like you and me) don't speak Russian.

So when we visit a crypto coin website like Golos https://golos.io/ and see a bunch of Russian we pretty much rule out investing in it. We don't understand it!!

However think about it from a Russian crypto investors perspective. Most Russians don't speak English, certainly most don't speak it well enough to read/analyse English language focused crypto coin websites (basically most cryptos). NB think how hard it is to understand much crypto info when its written in your native language, never mind your second language.

Golos would be a much easier investment for Russians to make. They don't need to try and use Google translate etc to understand the offering.

Other factors


I first read about Steemit about 6 months ago. I had a look, but to me the quality of the content was really poor and it didnt seem to have much traction.

However this is changing fast. For example this article https://steemit.com/cryptocurrency/@jrcornel/is-this-the-beginning-of-cryptocurrency-mass-adoption has earned more than $400 despite only being 1 day old! If this article was published 1 month ago (before Steemit shot up in value) it would only have earned about $100 in 1 day. Steemit and Golos have an ingenius network effect.

Further, the main social media platforms like Youtube and Facebook have started trying to ban anti establishment content like https://steemit.com/money/@sgtreport/end-of-the-empire-bill-holter How dare anyone suggest the USD has problems, despite there being so much evidence that the USD as a world reserve currency is failing! This kind of big brother censorship on Facebook, Youtube etc is only going to make sites like Steemit and Golos far more popular.

So in summary thats why I'm going to sell all my alt holdings and put them into Golos. I think its going to explode in value really soon.

Let me know you're thoughts. If you think I'm an idiot then please back up your viewpoint with data  Smiley

putting (and betting) everything on 1 thing is the worst investment strategy

best of luck
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May 19, 2017, 01:19:00 PM
 #10

Remember you should never put all your eggs in one basket, you probably should only move like 5% of your portfolio into any coin, but it's your money.

Good luck.

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May 19, 2017, 01:59:20 PM
 #11

This coin is interesting I just knew that steeemit will be cloned one day and Russian is a good country to clone this project,but I hope they don't have the same features like steemit where only few people make big earnings fromtheir articles,will definitely look on this project,they could beat Steemit one day,who knows?

Steemit is targetted at English speaking users, so all things being equal its unlikely Golos becomes bigger than Steemit. But I think it looks a better buy for my reasons listed above

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May 19, 2017, 02:00:41 PM
 #12

Remember you should never put all your eggs in one basket, you probably should only move like 5% of your portfolio into any coin, but it's your money.

Good luck.

I also own a small business, so its not like all my eggs are in one basket. Just lots of them  Cool

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May 19, 2017, 02:01:34 PM
 #13

I'd like to participate but they only use russian language and I'm not a Russian,so I cannot participate but I don't see why this coin will be a top coin overcome all the other coins with innovation and features so putting all your investment here is such a bad idea,you do not have an mind of investor.



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May 19, 2017, 02:44:02 PM
 #14

I'd like to participate but they only use russian language and I'm not a Russian,so I cannot participate but I don't see why this coin will be a top coin overcome all the other coins with innovation and features so putting all your investment here is such a bad idea,you do not have an mind of investor.

I believe its undervalued for the reason I listed in the OP. One of the reasons I think its undervalued is its focused on Russian speakers but most crypto money comes from the USA, Europe and Asia (where people don't speak Russian and hence so far havent invested)


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May 19, 2017, 03:34:33 PM
 #15

This coin is interesting I just knew that steeemit will be cloned one day and Russian is a good country to clone this project,but I hope they don't have the same features like steemit where only few people make big earnings fromtheir articles,will definitely look on this project,they could beat Steemit one day,who knows?
If this project is the same as steemit or steemit crony then many of us who got discouraged on invest in steemit because it was design to favour few owners. Though I have not study golos white paper and do pray The God be with me if my mind is move to invest in this coin after study the white paper.

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May 19, 2017, 04:05:48 PM
 #16

This coin is interesting I just knew that steeemit will be cloned one day and Russian is a good country to clone this project,but I hope they don't have the same features like steemit where only few people make big earnings fromtheir articles,will definitely look on this project,they could beat Steemit one day,who knows?
If this project is the same as steemit or steemit crony then many of us who got discouraged on invest in steemit because it was design to favour few owners. Though I have not study golos white paper and do pray The God be with me if my mind is move to invest in this coin after study the white paper.

I have been seeing this Golos coin from some days on livecoin and the price is fluctuating and I too feel it is undervalued. I have never thought of investing into such a coin but looking at the white paper Golos looks promising, but I would never put all my money into one coin. Its not how business is done.

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gentil
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May 19, 2017, 06:21:21 PM
 #17

I just cloned the internet, do you want to cancel your regular internet and join the bananonet?

You can post in russian on STEEM too

https://steemit.com/@blockchained



You could post in any language on Steem or any language on any other social platform. Thats not the point.

Golos is Russian only - e.g. its all Russian, the user controls, interface, focus of stories etc.

Its far more attractive for the 260 million Russian speakers to use Golos vs another English centred social media platforms.

But because its Russian it hasn't had much crypto investment.

Look at all the crypto coins that have market caps of above $20 million and pretty much zero real world use. Most crypto coins aren't even used day to day, the price is pure speculation. Golos has a growing userbase, and its only 4 months old.

Many people who use Golos and Steemit didn't even know what crypto was before they started using the platform. How many crypto currencies can say this? I don't know of any others - feel free to correct me if I'm wrong

Live by the sword, die by the sword
BitWhale
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May 19, 2017, 07:02:14 PM
 #18

I don't like Steem, because it's just arbitrarily handing out coins that should have no value. Someone once compared it to one of those machines where when you flip the switch on, a lever comes out of the box and turns the switch back off, and that's all it does lolol. It's very true.

That doesn't mean it might not pump though.

2 questions:

1. How large of a team is currently promoting Golos to the Russian market? Is it only in crypto related groups or are they expanding outside of BTCTalk?

2. Are they targeting only Russia? What percentage of Russians currently use social media and have an internet connection in their house? (honest question, I literally have no clue, I'd imagine the percentage is similarly high as UK/USA)

Since we already know that the system can be gamed by large coin holders and alt accounts effectively upvoting their friends/alts in order to create a continuous stream of new coins coming into their wallets. Have they done anything to prevent this? If not, what's to stop current Steem whales from taking some Steem, selling it, and buying a bunch of Golos to game that system too?

Steem to me is a turn off. Each time I see a Steem link, I know the OP is just trying to make money. This is the same reaction 90% of people outside of the crypto bubble have. It's just another advertisement to them, even if the content was created with good intentions.

Steem I've barely seen anyone talk about OUTSIDE of bitcoin related conversations. I've seen a few social marketers talk about it on Youtube, but I literally don't see anything even close to "mass adoption", so going by population is kind of a mute point. It's all about their marketing team and whether Russians will take to the idea.

It has some definite potential for a pump, but I definitely wouldn't be a long term holder. The system is flawed to begin with. At least Synereo uses ads to make revenue (but then why create an altcoin to pay out users? Why wouldn't you just pay in USD since the ads pay in USD? What stops the competition from taking Synereo's business model but paying in cash/gift cards like most GPT sites?)

SwagGirl
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May 19, 2017, 07:51:49 PM
 #19

Never put all of your eggs in 1 basket. That is one of the most basic rules of investing.

First Venture Capital backed Crypto | GetCLAMS-GCS | https://goo.gl/ER9djG
TheWallStreetCrew
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May 19, 2017, 08:22:24 PM
 #20

This coin is interesting I just knew that steeemit will be cloned one day and Russian is a good country to clone this project,but I hope they don't have the same features like steemit where only few people make big earnings fromtheir articles,will definitely look on this project,they could beat Steemit one day,who knows?

I dont think it would be difficult to out do steamit. Not saying it is a bad project. Its a great project that is unique.  Just saying there is a lot of room for improvement in execution.

First Venture Capital backed Crypto | GetCLAMS-GCS | https://goo.gl/ER9djG
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