Kaspa will never reach $0.20 again

[Swapster]

This is why I have liquidated my position in Kaspa. There is very little upside going forward. No forward moves of late have any traction and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.

[Odusko]

This is why I have liquidated my position in Kaspa. There is very little upside going forward. No forward moves of late have any traction and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.

You already mentioned that the position is a risky one so there is no need to stay on that such position when you know that the coin market is highly volatile, this is what you have to act on and at that you can give yourself some kudos for being able to overcome the market in profits, regardless of what the market price can be right now or in the future.

[Swapster]

To be honest, the post is a throwback to 2011 that said "Bitcoin will never reach $20 again"

https://bitcointalk.org/index.php?topic=27348.0

Kaspa price has been kind of sucking, but I am a long term holder and have a lot of faith in the technology and Kaspa's future prospects.

[Odusko]

To be honest, the post is a throwback to 2011 that said "Bitcoin will never reach $20 again"

https://bitcointalk.org/index.php?topic=27348.0

Kaspa price has been kind of sucking, but I am a long term holder and have a lot of faith in the technology and Kaspa's future prospects.

This comment right here contradict your posts since you mentioned in the ops that you already liquidated your position in the coin, but here you are admitting that you are a long term holder and expect Kaspa to act the same way bitcoin acted going from $20 to currently $100k+ price per BTC. What you should know is that, bitcoin is far above this coin and bitcoin have enough suport system like a limited supply unlike this coins with such unlimited supply or huge cyculating supplies.

[Swapster]

I see your account is from December 2021, and mine is from early May 2013. So consider that maybe I know a little more about Bitcoin and crypto than you do. Not necessarily, but a pretty good chance.

Kaspa is a very unique coin in that it shares many of the same attributes as Bitcoin; it is a fair launch, POW, no VC, no foundation/CEO, fixed supply.

You might want to do some research.

And here is a link to the ANN page for Kaspa:

https://bitcointalk.org/index.php?topic=5373286.0


Here is a sample comment from the ANN page (for those in the know)

"Very Interesting . . started some hash on it yesterday . .

Wen u see literal geniuses coming up with some BRAND NEW shit, its best to pay attention AND spec-mine the shit out of it!!!


https://eprint.iacr.org/2018/104.pdf
"

Worth a bit of your time.

[Popkon6]

This is why I have liquidated my position in Kaspa. There is very little upside going forward. No forward moves of late have any traction and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.

Since you yourself consider this current situation a risk, it is certainly true that there is a high possibility of a recession at the present time. So at the present time, if you have the right thinking mentioned here, you can keep your money according to this thinking, because at any time there can be a fall in the Altcoin market. Regardless of the market future, if you have some benefits at the present time, then definitely grab the benefits.

[Swapster]

Read the first post here and let me know if that clears everything up.

https://bitcointalk.org/index.php?topic=27348.0

[Abiky]

This is why I have liquidated my position in Kaspa. There is very little upside going forward. No forward moves of late have any traction and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.

Sadly, that's what happens with crypto projects focused on utility instead of hype. They end up being worthless due to loss of interest from retail investors. Most people these days are looking for something new and exciting that would make them a lot of money in return. Particularly, speculative cryptocurrencies that are often overhyped.

Kaspa is a quality coin, but unfortunately, it lacks the hype needed to propel itself all the way to the moon. Its competitors are faring much better in this regard. Even Ethereum Classic is doing better than Kaspa. PoS "shitcoins" is where the money is these days. PoW-based cryptocurrencies like Kaspa are a thing of the past (except Bitcoin). Hopefully, Kaspa will survive for a long time.

[shinratensei_]

Read the first post here and let me know if that clears everything up.

https://bitcointalk.org/index.php?topic=27348.0

Although it's sarcasm but condition is starkly different. Kaspa better make its ecosystem and price higher because mantaining L1 is very expensive and bitcoin back then got no competition which is great and also it's the first crypto ever.
Still, if you're holding kaspa then good luck though. Maybe you'll see some rally in the future. I personally think it's good altcoin but not as good as ETH or SOL.

[passwordnow]

Kaspa price has been kind of sucking, but I am a long term holder and have a lot of faith in the technology and Kaspa's future prospects.

It got me confused first upon reading it, but I understand that you're a long term holder of kaspa and we don't know for how long you're going to hold it. But I think that it has got some mechanism that gives more of a disadvantage to the holders than an advantage. Though that's your decision and I can only hope for the best of this holding of yours with kaspa. We all want to win in life and I hope that you win with this project.

[Abiky]

Although it's sarcasm but condition is starkly different. Kaspa better make its ecosystem and price higher because mantaining L1 is very expensive and bitcoin back then got no competition which is great and also it's the first crypto ever.
Still, if you're holding kaspa then good luck though. Maybe you'll see some rally in the future. I personally think it's good altcoin but not as good as ETH or SOL.

Well, Kaspa certainly is much more decentralized than ETH and SOL combined. These last ones made the switch to PoS and turned utterly-centralized. SOL was centralized and buggy from the start. But ETH? The one that used to claim to be the platform for "unstoppable Web3 apps"? It's now a disaster.

That's why Kaspa was created in the first place. To serve as an alternative PoW cryptocurrency that combines the "best of both worlds". By that, I mean combining the security and reliability of Bitcoin, with speed and cost-efficiency of highly-scalable blockchain networks. It's a project that's not driven by hype, but rather solid fundamentals (mostly utility). These days, investors are interested in speculative coins with "shiny-new features". Which explains why demand for KAS (and price) is still low. At least, the core Blockchain network is functional. What more can we expect?

[programmer3666]

This is why I have liquidated my position in Kaspa. There is very little upside going forward. No forward moves of late have any traction and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.

bro!! i understand your frustration but saying Kaspa will never reach $0.20 again feels kinda to extreme because like it or not, crypto markets change quickly and many coins that looked finished in the past later recovered when the market cycle shifted positively if you sold because it no longer fits your strategy, that is fine! everyone manages risk differently but price predictions in crypto are never certain, whether positive or negative the market can still surprise us, especially if sentiment or technology around the project improves