Well, this is a thread about SpectreCoin [xspec] and not what else you may have high hopes for.
In the past here, we have had to endure some negative things from users that thought they had found "the next great thing" in a free airdrop coin and a few other projects. We would appreciate leaving that at the door.
Nothing more nothing less......so yes there are some hard feelings around here.
Mainly though....its crypto guys....you pay your money and you take your chances.
Do what is best for each of you. You may feel you have the best mix of coins out of the over 1500 out there....Great!
NOWHERE are you guaranteed anything though....nowhere.
Yes, diversification works, but what works even better is picking crypto with a good risk/reward ratio...
So why does XSPEC have a good risk/reward ratio on Feb 21st?
(1) hardcore group of investors from the beginning that are still here
(2) nice pedigree shadowcoin fork with slow, but steady, development + creative roadmap
(3) 3 separate pumps including a massive $1 million/day volume blowoff in Dec-Jan, they will be back
(4) today 0.000103, down about 70% from ridiculous pump highs in the midst of general alt selloff
(5) anon coins should have a good year in 2018
Just accumulate and swing trade this bitch... then sell into the next Pump
yes and no. You forgot to list the risks (in order of importance in my mind):
1. the biggest risk of the coin: the risk that stealth staking may not be possible. It is a big selling point of xspec and partially included in the market price. If for some reason in Q2 we find out it is not feasible there will be a drop. How big I don't know, but that's the risk. I for one know I'm going to dump if that happens, and there will likely be other with the same reasoning
2. lack of developer stake in the project to offer significant motivation to succeed. Without much to gain they can always pack their toys and leave.
3. Lack of budget for development and marketing. Technology can only take you so far. Life is not fair. Being the best doesn't guarantee recognition. From experience (I work in IT), the actual product is a very small part of the effort required to obtain success (less then 10%). The rest is a good business plan, networking (knowing the right people), strong marketing. In general it takes money to make money.
4. Since the developers are not known we have no idea of their background, skills, experience or connections. If there is one thing I learned in my 12 years of experience in a big corporation is that when it comes to acquisitions and procurements, decisions are more frequently taken on a golf course than in a meeting room with architects. The former will always override the latter. How convincing are our devs when it comes to generation adoption for the coin? Have they ever "sold" anyone an idea?
5. There are a huge number of privacy coins out there (google it. There is a list with 20+ coins), there is a risk of not differentiating sufficiently (or people not understanding them) from the rest and falling to obscurity. The top 3 coins (dash, zcash and monero) already have market adoption and real life usage so we are already starting as the underdog
6. a generic risk for all privacy coins: there is a chance of crackdown on everything related to anonymity, either for tax reasons or fear (or crime, terrorism funding etc). If that happens privacy coins may remain a small niche in the dark web and even that depending on how heavy the punishment is. If your government says you are laundering money by buying monero or xspec you will not risk jail for it, period.
7. (please don't take offense reading the following!) The community is less mature then on many other projects and tends to become aggressive very quickly (I've had my head bitten off here for innocent remarks way too many times already). I don't know the history on how this came to be but it raises the question on how far can the community take the coin (the devs will not be able to do everything - after a point the community must pickup the challenge - see monero) with the current maturity level.
That being said I think xspec is a high risk - high reward project. If I was to compare it with other projects, I'd say it's risker then most but also has more potential then most. I've sized it in my portfolio according to this risk reward analysis.
