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Author Topic: [ANN] CREDITS - New Blockchain for financial industry [OFFICIAL THREAD]  (Read 17180 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (4 posts by 2 users deleted.)
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July 26, 2018, 12:53:37 AM
 #701

So they are opening offices all over Europe right now.
They have 110FTE.
They are constantly travelling all over the world.

They only have $20m from ICO fund, which is probably already 50% spend.
Their operational locked tokens are now worth only $8m and keeps dropping in value.

How will they fund their operations next year is beyond me.

They are also deliberately avoiding this question.
Ask this question in telegram and you get immediate ban.

It does explain why credits isn't getting listed anwhere.
They dont have any money left to pay for a listing.
So don't expect any listing till next year march, when the tokens unlock.
If the token price doesnt recover, i'm guessing they will be forces the throw in the towel and apply for bankruptcy somewhere May 2019.
I hope this will not happen, they are already listed on some exchange all they have to do is to concentrate on their platform I see many people still dumping, but if there's a seller there's also a buyer and I'm sure the buyer will rejoice when they finally get their project going, let's give them another change I'm hoping they are not going to throw in the towel.

       
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July 26, 2018, 01:12:09 AM
Last edit: July 26, 2018, 01:33:54 AM by Smitten_Semi_Cameroon
 #702

I don’t expect to see a solid recovery in Credits, until we first see a solid recovery in Ethereum. The on-ramp always rises first. That’s why typically, we often see Ethereum will spike, and then Credits follows a week later, roughly.

I also suspect that what many gamblers have been doing is selling their Alt. coins, and buying Bitcoin, on the pure speculation of the possibility of a Bitcoin ETF in the United States.

It would be interesting to see how much of the outflow from KuCoin was into Bitcoin, if anyone is able to check that, because this might reveal some interesting patterns, also. I think some of this money will eventually come back into Credits.

Given that a significant portion of the capitalization of Credits is by speculators And not long-term investors, this downturn should be anticipated, Especially after the delay in the release of their Main-net, As well as the failure to get listed on the bigger exchanges.

I am impressed enough with the new website, to suspect that I’m not alone in this assessment. This team is in a life-and-death struggle, but they have come a long way.

I say, give credit where Credit’s are due.


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July 26, 2018, 04:59:34 AM
 #703

what has happened to the test group? has it been disbanded? any final report from the testers?

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July 26, 2018, 09:02:31 AM
 #704



Credits visits GameNode conference to gather insights of blockchain use in game industry

Click here for more info:
https://credits.com/en/Home/New_Ins/4092
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July 26, 2018, 09:27:09 AM
 #705

I hope the thread starter of this thread will do his responsibility for this thread to not become the old one, fuds are now coming in, I'm not trying to hype the coin, but as you all can see, we have seen and read so many updates and they come out with partnerships, let them continue what they are started.


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July 26, 2018, 10:42:33 AM
 #706

WHY IS CREDITS PARTNERING WITH THESE SCAM PROJECTS??

My dear fellow, do you have any idea how many scam project have been built upon the Ethereum blockchain?

I don't know about the integrity of the above project, but CREDITS should simply not announce them as partnerships because that gives wrong impressions.

That's the problem always with CREDITS. PR and communication.

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July 26, 2018, 10:48:42 AM
 #707

I hope the thread starter of this thread will do his responsibility for this thread to not become the old one, fuds are now coming in, I'm not trying to hype the coin, but as you all can see, we have seen and read so many updates and they come out with partnerships, let them continue what they are started.

Evgeny has probably grown in the organisation, not having time anymore for daily moderation. It would have been better to open the new thread with a transferable business account on Bitcointalk, but I forgot to advice him that. Now it's too late.

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July 26, 2018, 10:50:14 AM
 #708

Hey, guys.
I'm interested on this business. I will watch this to watch what is going to originate!

I think a Jr. Membership will originate for you very soon.  Wink

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July 26, 2018, 05:43:19 PM
 #709

Probably one of the only projects from Russia that normally earned and gave profits to its investors. Many of them hastened to fix and go to itkoin or ether and probably are now very pleased. With the growth of the market, this blockage will again grow.

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Smitten_Semi_Cameroon
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July 26, 2018, 05:54:48 PM
 #710

It looks like Credits has recovered in price today.  How quickly the tables can turn when you have a low number of coins coupled with a reasonably sized capitalization.

As long as you're not investing the rent or mortgage, it's clearly a long term hold, and even if you swing trade, Credits is pretty reliable ...

There's nothing like a bunch of starving Russians to brave the cold, alt-coin winter, just ask Napoleon and Hitler.

That's my phonetic angelic name that you're using
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July 26, 2018, 11:22:37 PM
 #711

It looks like Credits has recovered in price today.  How quickly the tables can turn when you have a low number of coins coupled with a reasonably sized capitalization.

As long as you're not investing the rent or mortgage, it's clearly a long term hold, and even if you swing trade, Credits is pretty reliable ...

There's nothing like a bunch of starving Russians to brave the cold, alt-coin winter, just ask Napoleon and Hitler.

Lol it’s dropping like a brick again.

$.18 already.

Its hovering around ico price.
My guess is it will break in halve.
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July 27, 2018, 03:36:04 AM
 #712

It looks like Credits has recovered in price today.  How quickly the tables can turn when you have a low number of coins coupled with a reasonably sized capitalization.

As long as you're not investing the rent or mortgage, it's clearly a long term hold, and even if you swing trade, Credits is pretty reliable ...

There's nothing like a bunch of starving Russians to brave the cold, alt-coin winter, just ask Napoleon and Hitler.

Lol it’s dropping like a brick again.

$.18 already.

Its hovering around ico price.
My guess is it will break in halve.

Looking at the volume on the daily and 8 hour charts on KuCoin suggests to me that the bears have run their course. Unless there's some sort of unusual news specific to Credits that paints a very negative light, the selling appears to be over, at least in the short term. This is to be expected, also, given where we are sitting.  A lot of buyers who didn't want to get involved in an ICO will wait until the price drops back down to the ICO level, which usually happens long before now. Credits has been unusually resilient.

On the down side, the chart does appear to show a bear flag in play, which could mean that the selling is not over. So it's a mixed bag, but most savvy traders will look at the volume profile as their chief indicator of selling pressure, so until I see a big spike in bear volume, I'm not convinced we're headed down to the pre-ICO price.

I'm shocked to see some of my favorite projects, which ICO'd around the same time as Credtis, also being punished, some with better prototypes like AGI. It doesn't get much better than Sophia, their robot, yet they have crashed down in similar fashion, of late, so that tells me this is more than a Credits issue.

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July 27, 2018, 12:46:34 PM
 #713

http://i66.tinypic.com/2zfslmu.png

Another update on the top250 wallets.

1m tokens have been added to the KuCoin wallet again.
I have no idea what is going on there, but it is obvious that KuCoin is manipulating the price of CS.
Guess this has something to do with al those fake orders that are happening every 30 seconds at exactly the middle of the bid-ask price.

So i'm having doubts at what the top250 actually means, and whether most of these are exchange wallets.

Looking at # op holders, it decreased again with 50 to 20911, the exact same level as 2 weeks ago.
Seems like whales are accumulating again on these lower price levels.
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July 27, 2018, 12:50:17 PM
 #714

The block chain project of the financial industry has a good prospect. The CREDITS project team should strengthen the community construction and let more interested people participate in it.

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July 27, 2018, 01:08:33 PM
 #715



Credits And Snovian.Space Partnering To Develop Unique Blockchain Solutions

For more info:
https://credits.com/en/Home/New_Ins/4093
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July 27, 2018, 04:08:06 PM
 #716


Credits signed several new partnerships over the course of the last few days.

More details here:
https://credits.com/en/Home/New_Ins/4094
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July 27, 2018, 04:20:07 PM
 #717

Many of us don't care about meaningless partnerships. This project has been a real dissapointment.
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July 28, 2018, 01:21:56 AM
 #718

Many of us don't care about meaningless partnerships. This project has been a real dissapointment.

I think some look interesting, others are a total joke ...

This one is intriguing ...



Credits And Snovian.Space Partnering To Develop Unique Blockchain Solutions

For more info:
https://credits.com/en/Home/New_Ins/4093

That's my phonetic angelic name that you're using
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July 28, 2018, 07:04:18 AM
 #719

Many of us don't care about meaningless partnerships. This project has been a real dissapointment.
that's true Credits is doing many partnerships but all are not really promising. But we need to start with something after all.
What I don't understand is that we didn't get our coins and can't confirm the real transaction speed because of that..

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July 28, 2018, 09:36:48 AM
 #720

Many of us don't care about meaningless partnerships. This project has been a real dissapointment.
that's true Credits is doing many partnerships but all are not really promising. But we need to start with something after all.
What I don't understand is that we didn't get our coins and can't confirm the real transaction speed because of that..

This is something that devs should address once and for all, people invested on Credits because they posted or brag that they can do a million transactions per seconds, that's what i read, they should deliver what they promise to gain more trust.

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