Potcoin. Interesting investment? Your opinion?

[Suslived]

There are lots of cannabis related crypto coins out there and from all of them, it seems like potcoin is the worst because it has always been a pump and dump coin. Just look at the charts. Big price movement then suddenly nothing for ages. Only when whales decide its ripe for pumping, only them it goes boom! Pump again then dump. Stay away from this coin if you can.

[btcney]

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?

Not sure about this.

Potcoin aims to be the payment method for legal marijuana(obviously) but i don't know exactly what they have done to make their coin special(such as smart contracts or whatever) and customized for the industry, apart from its name.

IMO it's more of a pump and dump coin. One of the oldest pump and dump coins that are still going, in fact.

[Velocity13]

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.

Possible this coin or project is not great ( i dont know) , but my question is excatly what you write.. Will the legalisation have a positive effect on this coin or another coin..
Im sure the market will have a big influence on a coin. The question is "which coin".
Like traders is it not what we are looking for, a coin that for a reason will have a big pump. We only need one time big pump, to make a big gain. The coin made a x7 a few time ago, for the people they get in, this was what they where waiting for.
Off course like you said, if the project and team does not so much developing, it will not have a stabilised chart that go higher step by step. Like Ether, Neo..

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.

No, thats the point. It seems those compagny have a serious problem with cash. They handle to much cash what's create to much risk. There cost for security woud cost them 30% off there budget.
One thing is sure , they will go to a digital easy payment. And it seem because it's still not legalised on a Federal level, the banks doest allow those compagny's like clients. I suppose there must be a insurance problem to.
So it's pretty sure there will be a digital currency that will be used. Even if it's not Potcoin, will it make gain with the hype??

[Transformbitz]

Potcoin is one of the coins that are using by buying and selling marijuana and its legal in Canada I think one reason why it pumps coz they studied bitcoin blockchain has a future and that's why they had an interest on this coin

[bribed]

Im curious how this will enfold when cannabis get legalized all over the world. As written above this comment, the main problem of cannabis retailers are the huge sums of cash and storing them safely, so a crypto solution is indeed a very good approach to solve that issue. But which one will be on top of the others? Cant tell now.

[coinsontheroad]

Im curious how this will enfold when cannabis get legalized all over the world. As written above this comment, the main problem of cannabis retailers are the huge sums of cash and storing them safely, so a crypto solution is indeed a very good approach to solve that issue. But which one will be on top of the others? Cant tell now.

If it's legalized federally, this won't be an issue. They'll use banks just every other high profit business.

I don't see that it has any distinguishing features that give it a competiative advantage. It's a crypto for buying pot. Why should I use it over any other coin or fiat? If they can't come up with an answer to that question, it's not a good investment. When it's fully legal we can use any sort of currency. I'm pretty certain that this is a shitcoin that will fail.

[Velocity13]

If it's legalized federally, this won't be an issue. They'll use banks just every other high profit business.

I don't see that it has any distinguishing features that give it a competiative advantage. It's a crypto for buying pot. Why should I use it over any other coin or fiat? If they can't come up with an answer to that question, it's not a good investment. When it's fully legal we can use any sort of currency. I'm pretty certain that this is a shitcoin that will fail.

I dont know if this is a shitcoin or no and have will have technical advantage in the future. But im sure Marihuana will not be legalised soon on a federal level in the USA, if they woud think to this, they woud talk about it a long time ago. And i really dont see Trump or friends legalise this.
So the problem with the banks will continue to exist. So a cryptocurrency or another type off payement will be the solution. Certanly if BTC continue he's expansion and his market.

I see actualy he's pumping again..

Thanks for your opinions everybody! 

[Nathan047]

If it's legalized federally, this won't be an issue. They'll use banks just every other high profit business.

I don't see that it has any distinguishing features that give it a competiative advantage. It's a crypto for buying pot. Why should I use it over any other coin or fiat? If they can't come up with an answer to that question, it's not a good investment. When it's fully legal we can use any sort of currency. I'm pretty certain that this is a shitcoin that will fail.

Exactly like I have been saying, there's really nothing that gives it any value except hype and the cannabis icon.

Also, Washington state is actually trying to make it illegal to buy cannabis with crypto https://www.coindesk.com/washington-lawmakers-are-trying-to-keep-bitcoin-out-of-pot-shops/ (Washington is one of the states that has legalized it), so if other states follow then it kind of kills the "buy weed with this coin" backing.