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

[btcjoin14]

So when is Golos going to grow? You posted the OP nearly 4 months ago, there hasnt been much growth

I think that the price of Golos should stay within a range that will bring more people into their coin. The price should go up when there is more people holding coins.

[1713929297]

1713929297

[gentil]

So when is Golos going to grow? You posted the OP nearly 4 months ago, there hasnt been much growth

I think that the price of Golos should stay within a range that will bring more people into their coin. The price should go up when there is more people holding coins.

I don't think Golos needs to stay within a buying range to bring people in, as many holders havent paid anything for their coins - they've earned them through publishing website content.

I think a lot of people sell their coins when they first earn them which is kept the Golos price down. REmember Golos was only launched in January. As it grows I believe people will realize they will make more more holding Golos than selling it, which will pump Golos

[senzacionale]

Golden rule - Never put all your eggs in one basket. Try to remember this!

[adam1230]

Yes i agree this is an interesting coin. but i suggest you to not put all eggs in same basket.
Split the risk and be in safe. I will invest %5 of my budget in Golos. Nothing more

[collingiusti]

Steemit has been getting a fair bit of coverage recently in sizeable media publications like Wired and the Observer in the UK https://steemit.com/steemit/@jrcornel/steemit-steem-and-smts-are-catching-some-major-press

I don't see much mainstream coverage for cryptos outside of BTC and ETH

It stands to reason that if this helps Steemit it will also help Golos grow

[kilobytez]

Golden rule - Never put all your eggs in one basket. Try to remember this!

I agree to this that you should invest in multiple crypto and not showing all hand into one crypto; balance up at least 3-4; max 5-9 cryptos

Probably a redundant of similar protocol in 2 language
- - Steemit (English market) and Golos (Russian market) --

end

[J. Cooper]

This thread was started in May of this year. About 5 months ago now. I'm not sure if the op is still watching this thread but if he/she is I would like to ask do you regret your decision? I like the way of thinking but the coin itself hasn't grown that much and the market volume is still a couple thousand bitcoin. So still fairly limited.

[thepo1m]

You are making the worst investment decision, how can you be putting all your investment in one basket, there is a reason why people always hedge their investment because there is no certainty anywhere

[gentil]

This thread was started in May of this year. About 5 months ago now. I'm not sure if the op is still watching this thread but if he/she is I would like to ask do you regret your decision? I like the way of thinking but the coin itself hasn't grown that much and the market volume is still a couple thousand bitcoin. So still fairly limited.

I'm still very much watching this thread! Do I regret my decision? Golos has grown 200% since I invested. Its been as high as 425% but its dropped like most alt coins. I don't regret my decision, its been a profitable one.

That said I'm still 100% invested in Golos, I have sold anything. Fundamentally its still underpriced, and I believe the market will realize this soon enough.

I'm more concerned about a bitcoin/ethereum bear market than Golos. If bitcoin/ethereum enter a bear market I think most alt coins will be dragged down, Golos included. However I'm still pretty bullish on the crypto market has a whole.

I still think we could hit 400/500 billion within 1-2 years, and then a 80% correction. Historically thats what crypto markets have done.

Your right in that the volume of Golos is still disappointing, but remember its Russian. It flys under the radar of most investors due to the language issue.

Remember in the 1990's many foreigners made what many thought were risky investments in energy and manufacturing companies in Russia. These investments made the investors incredible rich. They got better prices as most people were too scared to invest in Russia. I'm doing the same thing, but with Golos in 2017/18. Just watch.....

[Blackwhite69]

You are making the worst investment decision, how can you be putting all your investment in one basket, there is a reason why people always hedge their investment because there is no certainty anywhere

I agree, something big mistake put on one coin to invest and put it in one place.

[Idrisu]

No matter how Golos seen to be a good project to you and you have loved of promoting this project I think it is too risk to put all your coins into one project. To actually make it in cryptocoin trading you most put your investment into many coins. Golos seen good and since you want to invest in it you should just put about 30% of coins into it.Investment in crypto currencies is very risk venture therefore putting all your egg in one basket is too risky to take.

[gentil]

Why do so many people who comment on this thread only talking about ''eggs and baskets''?

Look you're not adding anything to the thread, your just repeating what others have said before.

[andrei56]

While the OP gave good points I’m not sure he understands the incredible risks he is taking, putting everything in a single coin is a mistake, in fact if a person is only holding bitcoin I will think that is a mistake too, you need to have other coins that way if a coin loses value while another gains the same amount, you break even, I wish the best to the OP but he took an unnecessary risk.

[willphillips]

I agree with the other answers - its very risky putting all your money in one coin? A crazy Strategy. Either you are just trying to hype this up and pump it or you really do believe in it , either way, spread your risk.

[bitroxis]

Interesting - and thorough! - reasoning. However... aside from puting all eggs in one basket, which is not the best strategy ever, I would remark that you didn't consider the penetration of cryptocoins among English and Russian speakers, respectively, but started from the idea that all of them will be investing in the respective coins at one point.
You definitely caught my attention, though!

[Vaflia]

If you really sold ALL their COINS to buy a TOKEN at Ethereum, I pity you....

[Gorgeous011235]

Thank's for your analysis and for your advice.
I think it's a good buy now!
It should grow and rise just like Steem did in the last year  

[gentil]

Interesting - and thorough! - reasoning. However... aside from puting all eggs in one basket, which is not the best strategy ever, I would remark that you didn't consider the penetration of cryptocoins among English and Russian speakers, respectively, but started from the idea that all of them will be investing in the respective coins at one point.
You definitely caught my attention, though!

Yes thats a fair point about me making the hypothesis that all of them will be investing in the respective coins at one point.

That is what I believe. Not ''all of them'' exactly, but I believe some language/geo/niche specific coins will be more appealing than lots of other cryptos that are trying to go for a broader market. Which is also why I'm confident in my Golos play. Like all cryptos it has significant downside risk, but I believe the ROI for it is much better than all other cryptos out there. And Golos is basically at the same price today it was in January 2017 - it hasn't been overbought like nearly all other alt coins.  Thats why I went all in on it

[redsun114]

I agree with the other answers - its very risky putting all your money in one coin? A crazy Strategy. Either you are just trying to hype this up and pump it or you really do believe in it , either way, spread your risk.

I learned this sentence from this forum of not putting all your eggs in one basket and now I have learnt what it actually meant. This is really important in investing or trading any coin. Before getting into field you must have to learn the whole and sole of that coin whether that is suitable for you or not. Once decided, be confident, but don’t just trust that blindly.

[gentil]

I agree with the other answers - its very risky putting all your money in one coin? A crazy Strategy. Either you are just trying to hype this up and pump it or you really do believe in it , either way, spread your risk.

I learned this sentence from this forum of not putting all your eggs in one basket and now I have learnt what it actually meant. This is really important in investing or trading any coin. Before getting into field you must have to learn the whole and sole of that coin whether that is suitable for you or not. Once decided, be confident, but don’t just trust that blindly.

Sure, like this ''idiot'' that put his live savings into Bitcoin when it was $9 http://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/