Why I'm selling all my alt coins and putting everything into Golos

[thejaytiesto]

But pretty sure Steemit could detect the IP of the user and automatically translate all controls of the layout into whatever language the IP is from (or manually set it if you are using a VPN)

You could argue that there are social media like VK that are huge in Russia only, but this is crypto, maybe people don't want to be bothered with holding an extra token if Steemit can deliver the same service.

Based on that idea, why does VK exist - the biggest social media website in Russia? It has over 400 million users worldwide https://en.wikipedia.org/wiki/VK_(social_networking_website)

Why didn't Facebook just detect the IP address of Russian users and give them Russian controls?

Golos is gaining traction in Russia because its built for Russians by Russians. Makes a big difference.


[/quote]

Well I guess its all about network effect and it operates different in russia, so if golos manages to gain traction and find a niche within the russian market then it can have success in VK style.

Im staying out tho, i cant take more high risks for the time being, im already holding some bags and dont want to risk more btc.

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[coin-investor]

I don't know but this is an idiot like thinking so many coins that could make a lot of profit,I know Golos is also good but how good compare to Bitcoin,Eth and Ripple and litecoin,putting trust in one coin is like an idiot .

[Pamadar]

I don't know but this is an idiot like thinking so many coins that could make a lot of profit,I know Golos is also good but how good compare to Bitcoin,Eth and Ripple and litecoin,putting trust in one coin is like an idiot .

likewise mate, there's a lots of coins out there and trusting all of your investment into one particular coin will let you risk your money
better to split it up and watch which is which that will make a good profits in return but it's still up to you OP just a matter of trust and
instinct.

[gentil]

I don't know but this is an idiot like thinking so many coins that could make a lot of profit,I know Golos is also good but how good compare to Bitcoin,Eth and Ripple and litecoin,putting trust in one coin is like an idiot .

likewise mate, there's a lots of coins out there and trusting all of your investment into one particular coin will let you risk your money
better to split it up and watch which is which that will make a good profits in return but it's still up to you OP just a matter of trust and
instinct.

Marc Cuban is worth $3.4 billion and says 'diversification is for idiots' https://youtu.be/u5Pp1HEKSPM?t=3m17s

[missmarvel]

Your calculations do make sense in terms of Golos being way undervalued compared with Steemit (39x less today). Given that Golos is basically the same as Steemit but for Russians, it stands to reason that the price differentiation should be more like 4x as you say. I'm intrigued.

Whats an example of a Youtube channel pointing people in the direction of Steemit that you mentioned?

[fortunecrypto]

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

No you are not an idiot maybe you know the people behind this project and you are 100% trust them that they will do everything to make this coin on top,I have been to your shoes before on some of the early coin I've invested,but you will find that before you get rich to that coin,the coins that you sold could have make you rich much earlier than Golos.

[gribble]

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

I agree with you because in all of instrument investments there is risk losing money we must manage the risk
not put all of money on one coin, although we have made analysis about the coin.
But actually there are no people who know about the future and what will happen in the future.

[mbakruroh]

You must have your own reasons why you sell altcoin and replace it with golos as an investment. Maybe you feel you need another coin as a place of investment not just on one particular coin

[gentil]

Booya playa!

Congrats on your 100% gain while STEEM rose only 10%

Don't hate the player...

thanks

Still early days though. Golos should be about 25% the market cap of Steem, so about $60 million odd.

The current Golos market cap is about $7 million. So there's still insane growth to come......

[gentil]

Your calculations do make sense in terms of Golos being way undervalued compared with Steemit (39x less today). Given that Golos is basically the same as Steemit but for Russians, it stands to reason that the price differentiation should be more like 4x as you say. I'm intrigued.

Whats an example of a Youtube channel pointing people in the direction of Steemit that you mentioned?

For example this Youtube channel https://www.youtube.com/watch?v=iz_NoTG9yYk - screenshot http://prntscr.com/fauu2b

There are 168,000 subscribers to this channel, and it's actively trying to get people to use Steemit instead.

I've seen other channels too, its a trend. Its helping Steemit and Golos grow in traction

[missmarvel]

Your calculations do make sense in terms of Golos being way undervalued compared with Steemit (39x less today). Given that Golos is basically the same as Steemit but for Russians, it stands to reason that the price differentiation should be more like 4x as you say. I'm intrigued.

Whats an example of a Youtube channel pointing people in the direction of Steemit that you mentioned?

For example this Youtube channel https://www.youtube.com/watch?v=iz_NoTG9yYk - screenshot http://prntscr.com/fauu2b

There are 168,000 subscribers to this channel, and it's actively trying to get people to use Steemit instead.

I've seen other channels too, its a trend. Its helping Steemit and Golos grow in traction

So is Golos trying to compete with Youtube or any social network in particular?

Facebook, Youtube, Twitter etc are so big, I would have thought it would be hard to get users to use other networks, especially for as crypto currencies don't exactly have big marketing budgets

[gentil]

Your calculations do make sense in terms of Golos being way undervalued compared with Steemit (39x less today). Given that Golos is basically the same as Steemit but for Russians, it stands to reason that the price differentiation should be more like 4x as you say. I'm intrigued.

Whats an example of a Youtube channel pointing people in the direction of Steemit that you mentioned?

For example this Youtube channel https://www.youtube.com/watch?v=iz_NoTG9yYk - screenshot http://prntscr.com/fauu2b

There are 168,000 subscribers to this channel, and it's actively trying to get people to use Steemit instead.

I've seen other channels too, its a trend. Its helping Steemit and Golos grow in traction

So is Golos trying to compete with Youtube or any social network in particular?

Facebook, Youtube, Twitter etc are so big, I would have thought it would be hard to get users to use other networks, especially for as crypto currencies don't exactly have big marketing budgets

Golos isn't about trying to compete with any social network. Its not really a social network in the sense of Facebook etc.

Everytime you use Facebook, Youtube etc you are selling your eyeballs to advertisers.

All that content you publish on Facebook - you are selling your time for basically nothing! Facebook is selling YOU to advertisers, and what do you get in return? Nothing!

On Youtube, even if you run ads, Youtube keeps about 30% of revenue. Its an awful deal. AND its a bad experience for the end user as people don't want to watch adverts. Thats why ad blockers are becoming so popular.

The point of Golos is that it rewards you for content that you produce, and it doesnt annoy readers with adverts. There is no other network like it that rewards content producers so well financially, nor do you need to annoy readers running adverts. Thats why content producers are moving to it. Its a better experience for end users (no adverts) and better for content producers (they earn more money without annoying users with adverts). These are still very early days, which is why Golos is cheap.

Remember Golos has only been around for about 4 months.

[avfcpieface]

Very interesting thread. Thank you for sharing.

[missmarvel]

Ok I get it. Does Golos have any plans for an English interface?

If you don't speak Russian you can't exactly do any research on it as the website is all written in Russian. Its probably discouraging people from putting any money into it

[qiwoman2]

I personally would prefer to diversify my portfolio as much as I can and just hold bags for the next two years and retire. GOLOS in Greek means butt which is quite amusing but it sounds exotic anyway in English. Where can I get some of it as it has nice upside potential as you put it and plenty of room for capital growth?

[gentil]

I personally would prefer to diversify my portfolio as much as I can and just hold bags for the next two years and retire. GOLOS in Greek means butt which is quite amusing but it sounds exotic anyway in English. Where can I get some of it as it has nice upside potential as you put it and plenty of room for capital growth?

haha really? Golos in Russian means 'votes' or something similar. Votes/butts - all good 

anyway for me Golos is high risk, high reward. Its up to you whether you invest or not.

If not enough people don't see how underpriced it is, then it might not be a good buy. Because its Russian most people don't even consider buying it.

But if whales realise that it should have a market cap of 25% that of Steem which would give it a market cap of about $75 million on todays valuations then it should be a good buy.

Obviously I think the risk vs reward is worth it, but its not for everyone.

[gentil]

Ok I get it. Does Golos have any plans for an English interface?

If you don't speak Russian you can't exactly do any research on it as the website is all written in Russian. Its probably discouraging people from putting any money into it

No it doesn't have an English interface. If it did it would be called Steem and have a market cap of $300+ million  Thats why I believe its so undervalued.

Look at the ratio of trading volume to market cap for Golos - screenshot http://prntscr.com/fbohsf

Its only doing $45,000 of volume, but has a current market cap of $10.7 million. That tells you that people holding Golos aren't selling - hence why its up 22% today.

Then look at of the large market cap coins like monero http://prntscr.com/fboj75

Its gained 17% today, but that gain required $90 million in trading volume, and the market cap is $800 million odd. So its trading volume was over 10% of its market cap, but still only gained 17%. That shows that there were a lot of people holding Monero that wanted to sell - ie a lack of confidence in it.

Golos is up 22% despite its trading volume being less than 1% of its market cap. Which shows people holding Golos don't want to sell. And if people don't want to sell, prices increase.

I'm more convinced than ever I made the right move selling every all my other alts and holding only Golos

[missmarvel]

Ok I get it. Does Golos have any plans for an English interface?

If you don't speak Russian you can't exactly do any research on it as the website is all written in Russian. Its probably discouraging people from putting any money into it

No it doesn't have an English interface. If it did it would be called Steem and have a market cap of $300+ million  Thats why I believe its so undervalued.

Look at the ratio of trading volume to market cap for Golos - screenshot http://prntscr.com/fbohsf

Its only doing $45,000 of volume, but has a current market cap of $10.7 million. That tells you that people holding Golos aren't selling - hence why its up 22% today.

Then look at of the large market cap coins like monero http://prntscr.com/fboj75

Its gained 17% today, but that gain required $90 million in trading volume, and the market cap is $800 million odd. So its trading volume was over 10% of its market cap, but still only gained 17%. That shows that there were a lot of people holding Monero that wanted to sell - ie a lack of confidence in it.

Golos is up 22% despite its trading volume being less than 1% of its market cap. Which shows people holding Golos don't want to sell. And if people don't want to sell, prices increase.

I'm more convinced than ever I made the right move selling every all my other alts and holding only Golos

I heard that the Monero pump a few days ago was the result of some kind of false announcement that Fluffy from Monero made. Its annoyed a lot of people in the Monero community. Apparently he did it as a joke but when people have a lot of money on the line its less funny 

Anyway I see your point about Golos trading volumes

[secretservice]

Maybe there will be some pump, but given the conditions in the alts market, I'd say it's an extremely risky decision to put some money into it.
Even coins with good fundamentals, like Monero, are falling in price.

[chutchmcgillicutty]

no risk no reward. go for it man