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Author Topic: [POT]PotCoin - Banking for the Legal Cannabis Industry ✦ ✦ ✦Grow With Us ✦ ✦ ✦  (Read 889842 times)
charles11
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November 04, 2016, 08:19:16 AM
 #6481

Look for POTcoin to surge in price in a few days when the USA has elections:

http://www.businessinsider.com/marijuana-states-legalize-weed-2016-10

5 states may legalize recreational marijuana use this year — here's what we know

Nearly half of the US has already legalized marijuana for either medical or recreational use. This November, nine states could continue the trend.

Of those nine states, five have ballot initiatives that could result in legal recreational use. Most significantly, California could legalize recreational use — thus making the entire West Coast a legal enclave for recreational cannabis.

All the initiatives below will be voted on this November, alongside the presidential election.

The five states are:

Massachusetts
Maine
Arizona
California
Nevada

If it even only passed in CA, there will be a lot of press attention and stories about it.  And opens up more markets for POTcoin of course. So might be a good time to buy some Potcoin before the election and ride it up next week for some easy profits.
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Ruskii
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November 04, 2016, 06:28:03 PM
 #6482

Look for POTcoin to surge in price in a few days when the USA has elections:

http://www.businessinsider.com/marijuana-states-legalize-weed-2016-10

5 states may legalize recreational marijuana use this year — here's what we know

Nearly half of the US has already legalized marijuana for either medical or recreational use. This November, nine states could continue the trend.

Of those nine states, five have ballot initiatives that could result in legal recreational use. Most significantly, California could legalize recreational use — thus making the entire West Coast a legal enclave for recreational cannabis.

All the initiatives below will be voted on this November, alongside the presidential election.

The five states are:

Massachusetts
Maine
Arizona
California
Nevada

If it even only passed in CA, there will be a lot of press attention and stories about it.  And opens up more markets for POTcoin of course. So might be a good time to buy some Potcoin before the election and ride it up next week for some easy profits.

But if it becomes legal everywhere wouldn't they be able to just accept credit card and cash and store on their Bank Accounts?
chronicaust
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November 04, 2016, 06:40:41 PM
 #6483


But if it becomes legal everywhere wouldn't they be able to just accept credit card and cash and store on their Bank Accounts?

The credit card companies won't work with the marijuana dispensaries, even though it is legal in some states. And handling large amounts of cash is not always ideal.  But you are missing the point here and the point is that POTcoin could be a very good daytrade over the next two weeks. 
Pap0u
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November 04, 2016, 06:52:24 PM
 #6484


But if it becomes legal everywhere wouldn't they be able to just accept credit card and cash and store on their Bank Accounts?

The credit card companies won't work with the marijuana dispensaries, even though it is legal in some states. And handling large amounts of cash is not always ideal.  But you are missing the point here and the point is that POTcoin could be a very good daytrade over the next two weeks. 

Dude the marijuana industry and this coin are in no way shape or form connected at all. Just because you guys took a coin and named it with the word Pot and are trying to capitalize on hype from elections, doesnt mean it is real at all lol. The pump and dump is over, if you bought high, sucks to be you. Move along.

charles11
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November 04, 2016, 07:32:50 PM
 #6485

Dude the marijuana industry and this coin are in no way shape or form connected at all. Just because you guys took a coin and named it with the word Pot and are trying to capitalize on hype from elections, doesnt mean it is real at all lol. The pump and dump is over, if you bought high, sucks to be you. Move along.

Price has already moved up significantly in the last 12 hrs.  Look at the chart.  Sorry if you aren't a daytrader, but some of us like to profit from hype and news.  I realize you don't get it, so leave the profits to others.

The chart also shows the downtrend line being broken to the upside..the one that goes back to 10/13.  I'll try to post a chart later for those who believe in technical analysis and more money from daytrading.
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November 04, 2016, 11:48:47 PM
 #6486

Check out the price action on Poloniex.  Up 20% today, and still 4 days before USA election.  Looks like another mega pump in the making.

EDIT..up 30% now.  Remember it went up something like 800% in one day a few weeks ago so can still have plenty more to run.
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November 05, 2016, 04:08:39 AM
 #6487

Dude the marijuana industry and this coin are in no way shape or form connected at all. Just because you guys took a coin and named it with the word Pot and are trying to capitalize on hype from elections, doesnt mean it is real at all lol. The pump and dump is over, if you bought high, sucks to be you. Move along.

Price has already moved up significantly in the last 12 hrs.  Look at the chart.  Sorry if you aren't a daytrader, but some of us like to profit from hype and news.  I realize you don't get it, so leave the profits to others.

The chart also shows the downtrend line being broken to the upside..the one that goes back to 10/13.  I'll try to post a chart later for those who believe in technical analysis and more money from daytrading.

what price target you have in mind for this period?
charles11
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November 05, 2016, 04:22:06 AM
 #6488


what price target you have in mind for this period?


Price is about 1600 right now.  It peaked at 7000 just a few weeks ago.  So obviously could go very high.  But I don't try to predict an exact exit price and just watch the chart and the market. 

https://www.tradingview.com/chart/gFjWXIvP/

I honestly didn't expect to go up this fast, this quickly.  But it's good and it's on everyone's radar now for the weekend.   I have no idea how high it will go on Tuesday or Wednesday.
charles11
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November 05, 2016, 04:35:22 AM
 #6489

Just because you guys took a coin and named it with the word Pot and are trying to capitalize on hype from elections, doesnt mean it is real at all lol. The pump and dump is over, if you bought high, sucks to be you. Move along.

LOLOL.  It's up 80% since you wrote that, genius.

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November 05, 2016, 12:45:18 PM
 #6490

Yes,it is good time to buy some POT,trend is up,it is clear,and next week will be very exciting for trading...We will se 2k satoshis per POT very soon,and who knows what may happen next week

Earn passive income forever:
 
http://bit.do/earn-passive-income-forever
CryptoRambler
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November 05, 2016, 12:59:24 PM
 #6491

Yes,it is good time to buy some POT,trend is up,it is clear,and next week will be very exciting for trading...We will se 2k satoshis per POT very soon,and who knows what may happen next week

One celebrity endorsement or CA vote news or both could have a substantial impact on POT.
charles11
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November 05, 2016, 07:19:10 PM
 #6492

Up another 50% or so now.  And still possible more to run before Tuesday.
MoveCrypto
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November 05, 2016, 08:31:28 PM
 #6493

I'm not a fan of buying into pumps that don't have substance behind them.  Too risky for me

I don't see any compelling arguments for why people in cannabis industry, who have been using BTC for years, would want to switch to a less secure and less liquid POW coin which doesn't have any additional features

MoveCrypto for Komodo Notary
https://komodoplatform.com/
Altty
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November 05, 2016, 08:32:32 PM
 #6494

I'm not a fan of buying into pumps that don't have substance behind them.  Too risky for me

I don't see any compelling arguments for why people in cannabis industry, who have been using BTC for years, would want to switch to a less secure and less liquid POW coin which doesn't have any additional features and isn't needed to fuel a platform like ETH or LSK.

Isn't it PoS now?
MoveCrypto
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November 05, 2016, 08:38:10 PM
 #6495

I'm not a fan of buying into pumps that don't have substance behind them.  Too risky for me

I don't see any compelling arguments for why people in cannabis industry, who have been using BTC for years, would want to switch to a less secure and less liquid POW coin which doesn't have any additional features and isn't needed to fuel a platform like ETH or LSK.

Isn't it PoS now?

Nevertheless, I'd like to know where the demand for this coin will come from, other than pump and dump.

Most other coins with such trading volume have a good argument.

ETH = needed to pay fees for useful smart contracts
ZEC = zero knowledge proofs to anonymize funds
XMR = ring signatures to anonymize funds
ETC = smart contracts with immutable blockchain
STEEM = blogging platform which pays users

What is the sales pitch here for POT?  People are supposed to use this instead of BTC for cannabis transactions?

MoveCrypto for Komodo Notary
https://komodoplatform.com/
charles11
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November 05, 2016, 09:06:41 PM
 #6496

So I first posted when POT was 900 and not even two days later, it is at 2000, up more than 100%.  The pre-election pump is in full effect and price was 7000 just a few weeks ago, so probably has more to go.  I agree it's riskier to buy at 2000 than 900, but look at the chart and it is holding strong and moving up further.

And I realize some of you are discussing fundamentals, which is fine, but this is a short-term profitable trade I'm talking about and not "investing for the future".
CryptoRambler
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November 05, 2016, 11:35:23 PM
 #6497

I'm not a fan of buying into pumps that don't have substance behind them.  Too risky for me

I don't see any compelling arguments for why people in cannabis industry, who have been using BTC for years, would want to switch to a less secure and less liquid POW coin which doesn't have any additional features and isn't needed to fuel a platform like ETH or LSK.

Isn't it PoS now?

Nevertheless, I'd like to know where the demand for this coin will come from, other than pump and dump.

Most other coins with such trading volume have a good argument.

ETH = needed to pay fees for useful smart contracts
ZEC = zero knowledge proofs to anonymize funds
XMR = ring signatures to anonymize funds
ETC = smart contracts with immutable blockchain
STEEM = blogging platform which pays users

What is the sales pitch here for POT?  People are supposed to use this instead of BTC for cannabis transactions?

The demand for potcoin is coming from the cannabis community at large. The sales pitch is cheaper transactions than with btc, and that Potcoin will pseudo-replace credit cards.

The Potcoin ATMs are a secure way to convert Fiat to pot credits which can be exchanged for pot products. Merchants adopt and use Potcoin ATMs to avoid internal theft by employees in what is currently a cash only business.


TwiztdSoul
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November 06, 2016, 03:28:42 AM
 #6498


What is the sales pitch here for POT?  People are supposed to use this instead of BTC for cannabis transactions?
There is no sales pitch, growers are moving to bitcoin, not a coingen shitcoin with a shittier app made in cordova

https://motherboard.vice.com/read/colorado-hemp-farmers-are-turning-to-bitcoin-for-their-banking-woes

http://herb.co/2016/11/05/bitcoin-blockchain/
Caladonian
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November 06, 2016, 03:39:24 AM
 #6499

pot really looking good giving good earnings while doing day trade from 1500 to 1800 sat now going to place my buying entry again making this a good place to earn btc, good luck dev team keep it up move it back to 5k again.

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ironman80
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November 06, 2016, 10:10:25 PM
 #6500

It seems everything is ready for pot megapump....

Earn passive income forever:
 
http://bit.do/earn-passive-income-forever
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