Potcoin. Interesting investment? Your opinion?

[Velocity13]

Hi Everybody,

I don't know if you hear it before, but Canada will legalise Marihuana if im wrong in July 2018. There are big investors that already started to invest in this market. Like I readed this is a billion market cap that will grow with the legalizing from it.

If I'm wrong to bring a solution to the transfer between producer and buyer ans because Marihuana is still illegal on a Federal level, alternative coins get created.
On off the most important and with the biggest marketcap, is POTCOIN.
If I'm wrong the actual market is about 42mil and the circulating supply is around the 218milj coins and with a max off 420milj coins.

With this perspective, and the future explosion off the legal marihuana market, I think POTCOIN coud be a good investment.. What do you think about it?

[Cart]

I noticed with POT and also CANN that these are often targeted by pump groups. They can easily be pumped 10x within hours, but then they fall again.

[Glory90]

I noticed with POT and also CANN that these are often targeted by pump groups. They can easily be pumped 10x within hours, but then they fall again.

this is good information, OP should consider it because coins that are often targeted by the pump group are not good for investing, and now is not the right time to buy POT because POTCOIN has reached its all-time high

[Nathan047]

I would advise that you avoid coins that rely on hype or vanity to get their price (DOGE, POT, PEPE CASH, ect). They are usually unstable and often tend to go down instead of up (at least once their initial pump is over).

I noticed with POT and also CANN that these are often targeted by pump groups. They can easily be pumped 10x within hours, but then they fall again.

Yup, another reason to be careful; although on the other side of they coin you may be able to set up a sell bid and take advantage of that.

[devollito]

If the rumor are true. Now is the best time to put moneybon every marijuana koin or token. If marijuana was a legalise in canada it self it will increas the deman. I saw somewhere on facebook that marijuana can make someone healthier especially for someone who gottremor or something like that. Potcoin is the oldest coin for this induatries. Why not to try put small money in to it.

[bribed]

I will have some potcoin and eversince I bought it, it tanked. So I decided to just let it stay in the exchange and wait what 2018 brings. Now we see a huge pump again as it seems and I could sell it with quite some profit, but I guess I will just leave it there and wait what 2018 brings  (I sense that there is more coming up for potcoin, just my gut feeling though).

[p3ppymon]

The price of pot coin is quite cheap vs bitcoin and then subjected to swings of 20% or more within a few hours. You cannot rely on such coin for a long term investment. You should look for something more robust and stable, with a solid team and roadmap.

[S.coastapps]

 I think @p3ppymon is right! The cost of the pot coin is very cheap compared to the bitcoin. You should look something different platform as long-term investments.

[disconnectme]

Why do you think only potcoin will benefit from Canada legalizing Marijuana, there are other ICO projects too that will likely take advantage of this opportunity too

[Velocity13]

Thanks for your answers and sharing your opinion.

Quote from: Cart on November 24, 2017, 02:35:50 PM
I noticed with POT and also CANN that these are often targeted by pump groups. They can easily be pumped 10x within hours, but then they fall again.
Yup, another reason to be careful; although on the other side of they coin you may be able to set up a sell bid and take advantage of that.

Yes, thats true, you are right about that pump/dump. Certanly for the vinctims that will be eaten by the wales with this kind off practice. Bt like Nathan047 said, if you invested into a coin, and this coin is pumped.. What can you ask more.. I think there is nobody that woud not selling with big gain, just because it's pumping.
But off course this kind off practice will not be good for the coin as a long time Investment.

Insert Quote
If the rumor are true. Now is the best time to put moneybon every marijuana koin or token. If marijuana was a legalise in canada it self it will increas the deman. I saw somewhere on facebook that marijuana can make someone healthier especially for someone who gottremor or something like that. Potcoin is the oldest coin for this induatries. Why not to try put small money in to it.

This is my point. I think the law is voted and you find the info everywhere on internet. Marihuana will be legalised in July 2018 in Canada. You can read to on Forbes and other investmentsite's that there are already big investers that invested in this market. What is sure that we are talking about a billion market.
It's the same like they maded before a coin and they tell Alibaba will be created in july and that this coin coud be used like payment on this site.

Insert Quote
The price of pot coin is quite cheap vs bitcoin and then subjected to swings of 20% or more within a few hours. You cannot rely on such coin for a long term investment. You should look for something more robust and stable, with a solid team and roadmap.

Thats finally the question. i woud like to have a technical opinion. Do they have a good team with a solid roadmap? Off course, dont forget , they created that coin, a few years ago i can see, when there was not any question about a legalising in canada. So the "funny" litlle project coud became a big one this july.
And certanly if you see with this small off total coins.

The price of pot coin is quite cheap vs bitcoin and then subjected to swings of 20% or more within a few hours. You cannot rely on such coin for a long term investment. You should look for something more robust and stable, with a solid team and roadmap

Thats maybe the interesting, investing when the coin still didn't reach the hype. I talking about a not to big Investment. But that coud evantually explose in june/july..

Why do you think only potcoin will benefit from Canada legalizing Marijuana, there are other ICO projects too that will likely take advantage of this opportunity too

For the moment i think POTCOIN is the oldest and with the bigest marketcap. So they have already a experience and even if ICO's are created i dont know if they woud have the hype before june/july. And i think POTCOIN will continue in same time to make publicity to that time.
If they are smart, with what is waiting it's now the time off there live. It's THE moment to work on the project. But if im wrong they allready have mobilewallets and they Producer and client can already work together. For users, if you can order from all North-America with your phone, and dont have problems on a Federal way, what can you ask more..
Snoop Dog, will even not neaded to come out off his sofa anymore.. ;-)

This is my own reflection and questions, off course, this is just my opinion and im not a specialist at all. In the Netherlands marhiuana is legalised and it's sure its a big market there, the country's around, go there to buy. So the coin or coins that will be chosen for this market, will make hughe gains.
I must said, when many charts are going down with BTC that certanly goes to the $10k cap , Potcoin is still going higher, those last days..

[Tike Myson]

I noticed with POT and also CANN that these are often targeted by pump groups. They can easily be pumped 10x within hours, but then they fall again.

Yes POT is a pump and dump coin.

You can make good profit with it but be aware of what you invest in.

[Tike Myson]

Why do you think only potcoin will benefit from Canada legalizing Marijuana, there are other ICO projects too that will likely take advantage of this opportunity too

Yes there is no specific reason to use POT to buy weed instead of another coin.

It's just the name and the hype.

[Velocity13]

About the pump/dump stuff and certanly when "Whales" are creating those. I do not understand why comon investers like us, dont create more groups that help eachother.
There is a chinees or japanese proverb that said Something like "A litlle iron cable is not strong, but if you place hundred together, you create a solid cable".
In the future i woud like to join or create a investergroup that share information, so that we can eat "whale" somethimes.. ;-)

If you bring all litlle different information together you can finally have interesting information..

[Tike Myson]

About the pump/dump stuff and certanly when "Whales" are creating those. I do not understand why comon investers like us, dont create more groups that help eachother.
There is a chinees or japanese proverb that said Something like "A litlle iron cable is not strong, but if you place hundred together, you create a solid cable".
In the future i woud like to join or create a investergroup that share information, so that we can eat "whale" somethimes.. ;-)

If you bring all litlle different information together you can finally have interesting information..

Because trusting total strangers is a bit risky?

[Velocity13]

Yes, you are right. This is another discusion, but im thinking more about a group that give analysis and serious technical analysis and information.
When i see a coin pumping for a new, the coin started to pump before the news break out. So its sure that there are people that have info before the common people have it.
I suppose the wales pay specialist that bring the latest news to there brokers. With the crypto that actally not is legalised and followed, the rich and wales can do what they whant and pay people that use any practice they whant..

[cindygirl]

The legalisation of marijuana in Canada could certainly have a positive effect on the price but that won't make it in to a good coin, really I don't see why you would need a coin for the sale and purchase of weed and so I would just avoid this one, with coins I always look for something that has a real world use.

[sweerty1]

I think it is useless investment. Many many laws are coming front from developed countries to legalize and regulate marijuana/pot. Crypto is unneccessary for pot use. So I wouldn't invest.

[penig]

I'm wary of any coin that makes claims about linking to non-virtual goods.  This is a good example, why do I need a dedicated coin for cannabis trading, especially for legal trade?  I can use any other coin, or good old fashion local currency.

[cindygirl]

I'm wary of any coin that makes claims about linking to non-virtual goods.  This is a good example, why do I need a dedicated coin for cannabis trading, especially for legal trade?  I can use any other coin, or good old fashion local currency.

Exactly my point from above, it just seems like creating a cryptocurrency for the sake of it, there is no additional added value, I have yet to come across one such project that has been a success.

[ahoenk]

Potcoin is an old coin which wake up from grave yard. The fact potcoin is good coin with large community it was $0.001 now it will goes up and up. As log as btc grow it will also growth. Thats why i dont believe ico on cannabis or marijuana. Because i know we already have cannabis coin and pot coin. Why we build erc20 token and e already have potcoon with its own blockchain. My advise : buy some and forget it. I was hold 5k potcoin but forget to swap when it migrate to potcoin 2.0 now i start to accumulate it.