ImI (OP)
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 Offline
Activity: 1946
Merit: 1019
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July 06, 2017, 12:04:52 PM |
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How come transaction fees are so high?
0.1XEL equals 0.03$ these days. How is that "high"? |
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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ImI (OP)
Legendary
Offline
Activity: 1946
Merit: 1019
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July 06, 2017, 12:11:46 PM |
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Still 30 times above ICO price (200 times or so relative to USD), considering the massive bagholders dumping is to be expected, most of the supply is in the hands of a few
What was ICO price for 1 XEL? 700 sats. Around 700 btc raised during ICO spread among the total supply of 100,000,000 XEL. So more like 20 times above ICO price now (140 times above in USD since btc was 7 times less back then) didn't know it till today. Where can i find info about how many xel holders? at the bottom of the page Top 10 balances hold 50% of the circulating supply. LOL, how about you doing the most basic research before you start spreading crap? If you want to see the XEL-distribution after the ICO go and have a look at the genesis entry record. Since the network runs since a few weeks now lots of XEL have changed hands and the accounts you are naming "whales" here are nothing else then the XEL-accounts of the exchanges. Namely Bittrex on top with its 15Mio XEL wallet. Try harder next time.  |
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mr.coinzy
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July 06, 2017, 12:36:00 PM |
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Still 30 times above ICO price (200 times or so relative to USD), considering the massive bagholders dumping is to be expected, most of the supply is in the hands of a few
What was ICO price for 1 XEL? 700 sats. Around 700 btc raised during ICO spread among the total supply of 100,000,000 XEL. So more like 20 times above ICO price now (140 times above in USD since btc was 7 times less back then) didn't know it till today. Where can i find info about how many xel holders? at the bottom of the page Top 10 balances hold 50% of the circulating supply. LOL, how about you doing the most basic research before you start spreading crap? If you want to see the XEL-distribution after the ICO go and have a look at the genesis entry record. Since the network runs since a few weeks now lots of XEL have changed hands and the accounts you are naming "whales" here are nothing else then the XEL-accounts of the exchanges. Namely Bittrex on top with its 15Mio XEL wallet. Try harder next time. They don't make the trolls today like they used to... today trolls want instant FUD results with minimal effort, it's just sad to see. |
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pumpmydump
Member
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Activity: 151
Merit: 10
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July 06, 2017, 12:57:34 PM |
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Still 30 times above ICO price (200 times or so relative to USD), considering the massive bagholders dumping is to be expected, most of the supply is in the hands of a few
What was ICO price for 1 XEL? 700 sats. Around 700 btc raised during ICO spread among the total supply of 100,000,000 XEL. So more like 20 times above ICO price now (140 times above in USD since btc was 7 times less back then) didn't know it till today. Where can i find info about how many xel holders? at the bottom of the page Top 10 balances hold 50% of the circulating supply. LOL, how about you doing the most basic research before you start spreading crap? If you want to see the XEL-distribution after the ICO go and have a look at the genesis entry record. Since the network runs since a few weeks now lots of XEL have changed hands and the accounts you are naming "whales" here are nothing else then the XEL-accounts of the exchanges. Namely Bittrex on top with its 15Mio XEL wallet. Try harder next time. Oh yea the XEL accounts of the exchanges, sitting at a whopping number of two! Besides Bittrex there is Heat (XEL-WESJ-3UCL-7UTC-894KZ) with 275,000 XEL and ... that's it I didn't take Bittrex into account my bad, that still doesn't look good Conservatively that makes 35-40% of the supply for the top 10 balances and 85-90% for the top 100 balances |
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ImI (OP)
Legendary
Offline
Activity: 1946
Merit: 1019
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July 06, 2017, 01:07:41 PM |
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Still 30 times above ICO price (200 times or so relative to USD), considering the massive bagholders dumping is to be expected, most of the supply is in the hands of a few
What was ICO price for 1 XEL? 700 sats. Around 700 btc raised during ICO spread among the total supply of 100,000,000 XEL. So more like 20 times above ICO price now (140 times above in USD since btc was 7 times less back then) didn't know it till today. Where can i find info about how many xel holders? at the bottom of the page Top 10 balances hold 50% of the circulating supply. LOL, how about you doing the most basic research before you start spreading crap? If you want to see the XEL-distribution after the ICO go and have a look at the genesis entry record. Since the network runs since a few weeks now lots of XEL have changed hands and the accounts you are naming "whales" here are nothing else then the XEL-accounts of the exchanges. Namely Bittrex on top with its 15Mio XEL wallet. Try harder next time. Oh yea the XEL accounts of the exchanges, sitting at a whopping number of two! Besides Bittrex there is Heat (XEL-WESJ-3UCL-7UTC-894KZ) with 275,000 XEL and ... that's it I didn't take Bittrex into account my bad, that still doesn't look good Conservatively that makes 35-40% of the supply for the top 10 balances and 85-90% for the top 100 balances First, yes those 15m XEL of Bittrex MAKE a difference. Second, if you want to examine the Donation/ICO-Distribution go ahead and have a look at the Donation/ICO-Distribution. But don't come after weeks of trading and whine about you not liking seeing some bigger accounts. Third, if investing in Cryptocurrencies THE LAST THING i was worried about is if there are folks with more dough than me. It's all about development and passion for the project. Simple as that when it comes to (successful) investing. |
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mr.coinzy
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July 06, 2017, 01:09:31 PM |
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Still 30 times above ICO price (200 times or so relative to USD), considering the massive bagholders dumping is to be expected, most of the supply is in the hands of a few
What was ICO price for 1 XEL? 700 sats. Around 700 btc raised during ICO spread among the total supply of 100,000,000 XEL. So more like 20 times above ICO price now (140 times above in USD since btc was 7 times less back then) didn't know it till today. Where can i find info about how many xel holders? at the bottom of the page Top 10 balances hold 50% of the circulating supply. LOL, how about you doing the most basic research before you start spreading crap? If you want to see the XEL-distribution after the ICO go and have a look at the genesis entry record. Since the network runs since a few weeks now lots of XEL have changed hands and the accounts you are naming "whales" here are nothing else then the XEL-accounts of the exchanges. Namely Bittrex on top with its 15Mio XEL wallet. Try harder next time. Oh yea the XEL accounts of the exchanges, sitting at a whopping number of two! Besides Bittrex there is Heat (XEL-WESJ-3UCL-7UTC-894KZ) with 275,000 XEL and ... that's it I didn't take Bittrex into account my bad, that still doesn't look good Conservatively that makes 35-40% of the supply for the top 10 balances and 85-90% for the top 100 balances In regard to the first bigger accounts, if you deduct the first bittrex address it accounts for ~25%, and due to the amount of XEL that has been traded since launch it is natural that some people with deeper pockets will buy more ("whales"/larger holders exist in most traded coins/projects). It is the case in any project. Over time the distribution will be greater among a larger amount of people. Your attempt to prove your point is pretty weak at best. |
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pumpmydump
Member
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Activity: 151
Merit: 10
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July 06, 2017, 01:28:49 PM |
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Still 30 times above ICO price (200 times or so relative to USD), considering the massive bagholders dumping is to be expected, most of the supply is in the hands of a few
What was ICO price for 1 XEL? 700 sats. Around 700 btc raised during ICO spread among the total supply of 100,000,000 XEL. So more like 20 times above ICO price now (140 times above in USD since btc was 7 times less back then) didn't know it till today. Where can i find info about how many xel holders? at the bottom of the page Top 10 balances hold 50% of the circulating supply. LOL, how about you doing the most basic research before you start spreading crap? If you want to see the XEL-distribution after the ICO go and have a look at the genesis entry record. Since the network runs since a few weeks now lots of XEL have changed hands and the accounts you are naming "whales" here are nothing else then the XEL-accounts of the exchanges. Namely Bittrex on top with its 15Mio XEL wallet. Try harder next time. Oh yea the XEL accounts of the exchanges, sitting at a whopping number of two! Besides Bittrex there is Heat (XEL-WESJ-3UCL-7UTC-894KZ) with 275,000 XEL and ... that's it I didn't take Bittrex into account my bad, that still doesn't look good Conservatively that makes 35-40% of the supply for the top 10 balances and 85-90% for the top 100 balances First, yes those 15m XEL of Bittrex MAKE a difference. Second if you want to examine the Donation/ICO-Distribution go ahead and have a look at the Donation/ICO-Distribution. But don't come after weeks of trading and whine about you not liking seeing some big accounts. It was pretty much the same shit back then : https://talk.elasticexplorer.org/t/important-check-the-genesis-block-carefully/105/24Top 10 balances had 30% of the supply, top 100 balances 80%, now it's worse (35-40% for top 10 balances, 85-90% for top 100 balances, accounting for the Bittrex wallet with conservative estimates on the distribution within the wallet, do the maths) I don't whine, I state facts. I know you guys love to attack anyone saying anything negative related to this project, the facts remain, don't lure newbies into investing in XEL right now when top 100 balances hold nearly 90% of the supply. Yea long term maybe it will go high, short and medium term it has a lot of room to go down |
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ImI (OP)
Legendary
Offline
Activity: 1946
Merit: 1019
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July 06, 2017, 01:42:59 PM |
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Still 30 times above ICO price (200 times or so relative to USD), considering the massive bagholders dumping is to be expected, most of the supply is in the hands of a few
What was ICO price for 1 XEL? 700 sats. Around 700 btc raised during ICO spread among the total supply of 100,000,000 XEL. So more like 20 times above ICO price now (140 times above in USD since btc was 7 times less back then) didn't know it till today. Where can i find info about how many xel holders? at the bottom of the page Top 10 balances hold 50% of the circulating supply. LOL, how about you doing the most basic research before you start spreading crap? If you want to see the XEL-distribution after the ICO go and have a look at the genesis entry record. Since the network runs since a few weeks now lots of XEL have changed hands and the accounts you are naming "whales" here are nothing else then the XEL-accounts of the exchanges. Namely Bittrex on top with its 15Mio XEL wallet. Try harder next time. Oh yea the XEL accounts of the exchanges, sitting at a whopping number of two! Besides Bittrex there is Heat (XEL-WESJ-3UCL-7UTC-894KZ) with 275,000 XEL and ... that's it I didn't take Bittrex into account my bad, that still doesn't look good Conservatively that makes 35-40% of the supply for the top 10 balances and 85-90% for the top 100 balances First, yes those 15m XEL of Bittrex MAKE a difference. Second if you want to examine the Donation/ICO-Distribution go ahead and have a look at the Donation/ICO-Distribution. But don't come after weeks of trading and whine about you not liking seeing some big accounts. It was pretty much the same shit back then : https://talk.elasticexplorer.org/t/important-check-the-genesis-block-carefully/105/24Top 10 balances had 30% of the supply, top 100 balances 80%, now it's worse (35-40% for top 10 balances, 85-90% for top 100 balances, accounting for the Bittrex wallet with conservative estimates on the distribution within the wallet, do the maths) I don't whine, I state facts. I know you guys love to attack anyone saying anything negative related to this project, the facts remain, don't lure newbies into investing in XEL right now when top 100 balances hold nearly 90% of the supply. Yea long term maybe it will go high, short and medium term it has a lot of room to go down Again, if investing in Cryptocurrencies THE LAST THING i was worried about is if there are folks with more dough than me. It's all about development and passion for the project. Simple as that when it comes to (successful) investing. I remember investing in Dash aka Darkcoin when it was a measly 0.00005 and folks like you where all over the place. "Don't invest! Devs holds all of the coins!" And in that case it was even a much different situation as Darkcoin had no such clean and months long way of distribution as Elastic. It was basically an instamine. And yet, Dash went berserk right after i bought my first stake in it. The only thing misleading here is to lure noobs into thinking they should look at the distribution of an asset when there are things to consider much more important than that. Think about marketcap in comparison to the competition, rate of inflation or the classical risk vs reward approach. All of that in combination with passionate developers and a clear goal and vision truly matters. While your advice is basically crap when it come to successful investing. Go ahead and checkout the starting distribution of lot and lots of projects and you will find no correlation between the two parameters, be it negative or positive. It will just distract you from the parameters that really matter. |
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mr.coinzy
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July 06, 2017, 01:45:37 PM |
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Still 30 times above ICO price (200 times or so relative to USD), considering the massive bagholders dumping is to be expected, most of the supply is in the hands of a few
What was ICO price for 1 XEL? 700 sats. Around 700 btc raised during ICO spread among the total supply of 100,000,000 XEL. So more like 20 times above ICO price now (140 times above in USD since btc was 7 times less back then) didn't know it till today. Where can i find info about how many xel holders? at the bottom of the page Top 10 balances hold 50% of the circulating supply. LOL, how about you doing the most basic research before you start spreading crap? If you want to see the XEL-distribution after the ICO go and have a look at the genesis entry record. Since the network runs since a few weeks now lots of XEL have changed hands and the accounts you are naming "whales" here are nothing else then the XEL-accounts of the exchanges. Namely Bittrex on top with its 15Mio XEL wallet. Try harder next time. Oh yea the XEL accounts of the exchanges, sitting at a whopping number of two! Besides Bittrex there is Heat (XEL-WESJ-3UCL-7UTC-894KZ) with 275,000 XEL and ... that's it I didn't take Bittrex into account my bad, that still doesn't look good Conservatively that makes 35-40% of the supply for the top 10 balances and 85-90% for the top 100 balances First, yes those 15m XEL of Bittrex MAKE a difference. Second if you want to examine the Donation/ICO-Distribution go ahead and have a look at the Donation/ICO-Distribution. But don't come after weeks of trading and whine about you not liking seeing some big accounts. It was pretty much the same shit back then : https://talk.elasticexplorer.org/t/important-check-the-genesis-block-carefully/105/24Top 10 balances had 30% of the supply, top 100 balances 80%, now it's worse (35-40% for top 10 balances, 85-90% for top 100 balances, accounting for the Bittrex wallet with conservative estimates on the distribution within the wallet, do the maths) I don't whine, I state facts. I know you guys love to attack anyone saying anything negative related to this project, the facts remain, don't lure newbies into investing in XEL right now when top 100 balances hold nearly 90% of the supply. Yea long term maybe it will go high, short and medium term it has a lot of room to go down Facts??? maybe you should actually make the calculation you claim you did before you discuss facts (yes, summing up is pretty easy). The numbers you gave are made up, not facts. |
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pumpmydump
Member
Offline
Activity: 151
Merit: 10
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July 06, 2017, 04:59:05 PM |
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I remember investing in Dash aka Darkcoin when it was a measly 0.00005 and folks like you where all over the place. "Don't invest! Devs holds all of the coins!" And in that case it was even a much different situation as Darkcoin had no such clean and months long way of distribution as Elastic. It was basically an instamine. And yet, Dash went berserk right after i bought my first stake in it.
The only thing misleading here is to lure noobs into thinking they should look at the distribution of an asset when there are things to consider much more important than that. Think about marketcap in comparison to the competition, rate of inflation or the classical risk vs reward approach. All of that in combination with passionate developers and a clear goal and vision truly matters. While your advice is basically crap when it come to successful investing. Go ahead and checkout the starting distribution of lot and lots of projects and you will find no correlation between the two parameters, be it negative or positive. It will just distract you from the parameters that really matter.
Sure when the devs hold all the coins the thing can still explode, often because those devs are the ones artificially inflating the price. The parameters that matter depend on the scale you're looking at. Long term of course those you mentioned matter the most. Short/medium term not so much. I see this thread as an echo chamber with every page filled with "to the moon" and "best investment ever" and "stupid dumpers" and so on, but truth is newbies putting money into it right now will get burnt, because most of them won't hold long term. It's the arrogance of your community that makes me react more than anything else. You have no marketing, the devs are anonymous, top 100 balances hold nearly 90% of coins, most of them have made a 150x return on investment at current market price so tend to cash out a part of their stash, no surprise it's going down and likely will keep going down for a while. Yea what you mentioned will matter long term, right now it doesn't. |
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tomkat
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July 06, 2017, 05:15:50 PM |
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I remember investing in Dash aka Darkcoin when it was a measly 0.00005 and folks like you where all over the place. "Don't invest! Devs holds all of the coins!" And in that case it was even a much different situation as Darkcoin had no such clean and months long way of distribution as Elastic. It was basically an instamine. And yet, Dash went berserk right after i bought my first stake in it.
The only thing misleading here is to lure noobs into thinking they should look at the distribution of an asset when there are things to consider much more important than that. Think about marketcap in comparison to the competition, rate of inflation or the classical risk vs reward approach. All of that in combination with passionate developers and a clear goal and vision truly matters. While your advice is basically crap when it come to successful investing. Go ahead and checkout the starting distribution of lot and lots of projects and you will find no correlation between the two parameters, be it negative or positive. It will just distract you from the parameters that really matter.
Sure when the devs hold all the coins the thing can still explode, often because those devs are the ones artificially inflating the price. The parameters that matter depend on the scale you're looking at. Long term of course those you mentioned matter the most. Short/medium term not so much. I see this thread as an echo chamber with every page filled with "to the moon" and "best investment ever" and "stupid dumpers" and so on, but truth is newbies putting money into it right now will get burnt, because most of them won't hold long term. It's the arrogance of your community that makes me react more than anything else. You have no marketing, the devs are anonymous, top 100 balances hold nearly 90% of coins, most of them have made a 150x return on investment at current market price so tend to cash out a part of their stash, no surprise it's going down and likely will keep going down for a while. Yea what you mentioned will matter long term, right now it doesn't. Just please tell us your true motives, is it because you eventually bought those 5k XEL @22k sat, and now lamenting while it's getting lower, OR still waiting for more dumps to buy cheap? What's your point? Are you trying to save the world from XEL? |
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Piston Honda
Legendary
Offline
Activity: 2702
Merit: 1064
Juicin' crypto
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July 06, 2017, 05:22:56 PM |
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ha easy just scoop up more now  easy hold this one for when mewn come. |
$ADK ~ watch & learn...
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jupiter00000
Member
Offline
Activity: 111
Merit: 10
http://jupitertheproducer.bandcamp.com
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July 06, 2017, 05:30:11 PM |
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How come transaction fees are so high?
0.1XEL equals 0.03$ these days. How is that "high"? I don't know about you but I look forward to a future where that $0.03 is more like $30 but apparently I don't know anything You don't think that paying 5% transaction fees for sending 2 XEL is high? We can agree to disagree. |
Twitter: @Jupiter00000
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TheDR
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July 06, 2017, 06:37:50 PM |
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Still 30 times above ICO price (200 times or so relative to USD), considering the massive bagholders dumping is to be expected, most of the supply is in the hands of a few
What was ICO price for 1 XEL? 700 sats. Around 700 btc raised during ICO spread among the total supply of 100,000,000 XEL. So more like 20 times above ICO price now (140 times above in USD since btc was 7 times less back then) didn't know it till today. Where can i find info about how many xel holders? at the bottom of the page Top 10 balances hold 50% of the circulating supply. LOL, how about you doing the most basic research before you start spreading crap? If you want to see the XEL-distribution after the ICO go and have a look at the genesis entry record. Since the network runs since a few weeks now lots of XEL have changed hands and the accounts you are naming "whales" here are nothing else then the XEL-accounts of the exchanges. Namely Bittrex on top with its 15Mio XEL wallet. Try harder next time. Oh yea the XEL accounts of the exchanges, sitting at a whopping number of two! Besides Bittrex there is Heat (XEL-WESJ-3UCL-7UTC-894KZ) with 275,000 XEL and ... that's it I didn't take Bittrex into account my bad, that still doesn't look good Conservatively that makes 35-40% of the supply for the top 10 balances and 85-90% for the top 100 balances First, yes those 15m XEL of Bittrex MAKE a difference. Second if you want to examine the Donation/ICO-Distribution go ahead and have a look at the Donation/ICO-Distribution. But don't come after weeks of trading and whine about you not liking seeing some big accounts. It was pretty much the same shit back then : https://talk.elasticexplorer.org/t/important-check-the-genesis-block-carefully/105/24Top 10 balances had 30% of the supply, top 100 balances 80%, now it's worse (35-40% for top 10 balances, 85-90% for top 100 balances, accounting for the Bittrex wallet with conservative estimates on the distribution within the wallet, do the maths) I don't whine, I state facts. I know you guys love to attack anyone saying anything negative related to this project, the facts remain, don't lure newbies into investing in XEL right now when top 100 balances hold nearly 90% of the supply. Yea long term maybe it will go high, short and medium term it has a lot of room to go down Again, if investing in Cryptocurrencies THE LAST THING i was worried about is if there are folks with more dough than me. It's all about development and passion for the project. Simple as that when it comes to (successful) investing. I remember investing in Dash aka Darkcoin when it was a measly 0.00005 and folks like you where all over the place. "Don't invest! Devs holds all of the coins!" And in that case it was even a much different situation as Darkcoin had no such clean and months long way of distribution as Elastic. It was basically an instamine. And yet, Dash went berserk right after i bought my first stake in it. The only thing misleading here is to lure noobs into thinking they should look at the distribution of an asset when there are things to consider much more important than that. Think about marketcap in comparison to the competition, rate of inflation or the classical risk vs reward approach. All of that in combination with passionate developers and a clear goal and vision truly matters. While your advice is basically crap when it come to successful investing. Go ahead and checkout the starting distribution of lot and lots of projects and you will find no correlation between the two parameters, be it negative or positive. It will just distract you from the parameters that really matter. Lol there are really infinite variables to this. (I believe that literally). I am very happy to be a whale here |
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techwriterjoe
Member
Offline
Activity: 95
Merit: 10
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July 06, 2017, 07:41:55 PM |
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What does it mean to be "spotlighted" by Bittrex? Do we get some article written highlighting the technical components and product that XEL provides? Or is it just like a more defined position on the website? My apologies, I have little experience using Bittrex. Logo just shows up on "the spotlight" space on the site, sometimes. Pointless It does drive the price up. It will get us back up the front page of Bittrex. Is there BTC or XEL donation address for this? I think it's time anybody else? |
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techwriterjoe
Member
Offline
Activity: 95
Merit: 10
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July 06, 2017, 07:44:30 PM
Last edit: July 11, 2017, 10:36:06 PM by mprep |
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What does it mean to be "spotlighted" by Bittrex? Do we get some article written highlighting the technical components and product that XEL provides? Or is it just like a more defined position on the website? My apologies, I have little experience using Bittrex. Logo just shows up on "the spotlight" space on the site, sometimes. Pointless It does drive the price up. It will get us back up the front page of Bittrex. Is there BTC or XEL donation address for this? I think it's time anybody else? VIA unvoid on our main forum: Bittrex advertising BTC address: 1P4uqK7PCCsM3nNr3oRzaa8EMooBnhLVa2
What does it mean to be "spotlighted" by Bittrex? Do we get some article written highlighting the technical components and product that XEL provides? Or is it just like a more defined position on the website? My apologies, I have little experience using Bittrex. Logo just shows up on "the spotlight" space on the site, sometimes. Pointless It does drive the price up. It will get us back up the front page of Bittrex. Is there BTC or XEL donation address for this? I think it's time anybody else? VIA unvoid on our main forum: Bittrex advertising BTC address: 1P4uqK7PCCsM3nNr3oRzaa8EMooBnhLVa2 We only have .21 bitcoin so far, so please donate, thank you. |
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Strebba90
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July 06, 2017, 08:01:58 PM |
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click start forging at top of web wallet page
i don't have this button, where is it? so, i try to run a node. |
Am I spamming? Report me!
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HmmMAA
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July 06, 2017, 08:02:47 PM |
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I remember investing in Dash aka Darkcoin when it was a measly 0.00005 and folks like you where all over the place. "Don't invest! Devs holds all of the coins!" And in that case it was even a much different situation as Darkcoin had no such clean and months long way of distribution as Elastic. It was basically an instamine. And yet, Dash went berserk right after i bought my first stake in it.
The only thing misleading here is to lure noobs into thinking they should look at the distribution of an asset when there are things to consider much more important than that. Think about marketcap in comparison to the competition, rate of inflation or the classical risk vs reward approach. All of that in combination with passionate developers and a clear goal and vision truly matters. While your advice is basically crap when it come to successful investing. Go ahead and checkout the starting distribution of lot and lots of projects and you will find no correlation between the two parameters, be it negative or positive. It will just distract you from the parameters that really matter.
Sure when the devs hold all the coins the thing can still explode, often because those devs are the ones artificially inflating the price. The parameters that matter depend on the scale you're looking at. Long term of course those you mentioned matter the most. Short/medium term not so much. I see this thread as an echo chamber with every page filled with "to the moon" and "best investment ever" and "stupid dumpers" and so on, but truth is newbies putting money into it right now will get burnt, because most of them won't hold long term. It's the arrogance of your community that makes me react more than anything else. You have no marketing, the devs are anonymous, top 100 balances hold nearly 90% of coins, most of them have made a 150x return on investment at current market price so tend to cash out a part of their stash, no surprise it's going down and likely will keep going down for a while. Yea what you mentioned will matter long term, right now it doesn't. Are you the guy who said that XEL will never make it to exchanges because it has anonymous devs or it was another troll ? |
"It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong." Thomas Sowell |
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techwriterjoe
Member
Offline
Activity: 95
Merit: 10
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July 06, 2017, 08:13:00 PM |
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I remember investing in Dash aka Darkcoin when it was a measly 0.00005 and folks like you where all over the place. "Don't invest! Devs holds all of the coins!" And in that case it was even a much different situation as Darkcoin had no such clean and months long way of distribution as Elastic. It was basically an instamine. And yet, Dash went berserk right after i bought my first stake in it.
The only thing misleading here is to lure noobs into thinking they should look at the distribution of an asset when there are things to consider much more important than that. Think about marketcap in comparison to the competition, rate of inflation or the classical risk vs reward approach. All of that in combination with passionate developers and a clear goal and vision truly matters. While your advice is basically crap when it come to successful investing. Go ahead and checkout the starting distribution of lot and lots of projects and you will find no correlation between the two parameters, be it negative or positive. It will just distract you from the parameters that really matter.
Sure when the devs hold all the coins the thing can still explode, often because those devs are the ones artificially inflating the price. The parameters that matter depend on the scale you're looking at. Long term of course those you mentioned matter the most. Short/medium term not so much. I see this thread as an echo chamber with every page filled with "to the moon" and "best investment ever" and "stupid dumpers" and so on, but truth is newbies putting money into it right now will get burnt, because most of them won't hold long term. It's the arrogance of your community that makes me react more than anything else. You have no marketing, the devs are anonymous, top 100 balances hold nearly 90% of coins, most of them have made a 150x return on investment at current market price so tend to cash out a part of their stash, no surprise it's going down and likely will keep going down for a while. Yea what you mentioned will matter long term, right now it doesn't. Are you the guy who said that XEL will never make it to exchanges because it has anonymous devs or it was another troll ? They both said it. Trolls for sure. The currency is distributed exactly like it should be/would be considering we have only been on 2 exchanges. Yes, the original 100 or so investors still own a lion's share, hell, all of the redemptions aren't even out yet. We can only sell the stuff so fast, and that's if the holders want to sell. It's no mystery that they would want to hold onto a coin that already has a working prototype. |
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Evil-Knievel
Legendary
Offline
Activity: 1260
Merit: 1168
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July 06, 2017, 08:26:08 PM |
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They both said it. Trolls for sure.
I am pretty sure it's the same guy who claimed, that the redeeming mechanism will not work at all! * rolling on the floor laughing * |
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