CrazyLoaf's CrazySteak(TM) High PoS Investment Journal

[yell4george]

https://bitcointalk.org/index.php?topic=676976.0

Silkcoin will be increasing their stake percentage to 11%, 111%, or 1111%. In-wallet voting ends on 10/31.

Which % would you vote for?

[mtwelve]

Definitely 1111%... that would be interesting.

[glendall]

Would ne interesting for sure. I don't think it would work thoughk. Imho that's too high. There would be so much sell pressure the coin would quickly inflate keeping the price sinking. I.m not sure how high is too high, and I could be wrong, but there has to  be some sort of reasonable upper limit to what is feasible; I think over a 1000% is pushing it.

[vegasguy]

Good to see you Crazyloaf! If you remember , Ive got all the typical high POS coins, TRK, HYP, CAP, HOBO ect.. here is another I found that is still in pow .5 diff scrypt..lol., cheap and is 50% Interest. Its TOP V2. No, its not 100% or 200% , but it might be just a nice addition. Im also invested in Roscoin. 30% pos. Inexpensive and works like a charm. Has anyone mentioned Oribitcoin 500% interest annually?

Vegas

[ElTomeko27]

CrazyLoaf I see You sold nice part of Your stash today...

[CrazyLoaf]

CrazyLoaf I see You sold nice part of Your stash today...

Which coin are we talking about?

[ElTomeko27]

CAPS

[CrazyLoaf]

CAPS

Yep, that and HBN and some TEK as well. I saw some decent buy walls above my average BTC cost, and wanted to reduce the amount of BTC I had invested in the coins.

I have to say that, so far, performance hasn't been all that great with my coins. I bought into most of these at a price level when BTC was $600+, so I'm already recognizing losses there.

I've been monitoring my coins and I've noticed that there is a real lack of community in a lot of them. I hate to compare everything against HYP, especially with the FUDsters lurking, but I honestly feel there is at least a baseline level of communication/development there versus other coins. I can hop on the IRC and see 125+ people.

Other coins don't have IRCs and seem to be back several stages development/growth-wise. I mean take a look here:

https://bitcointalk.org/index.php?topic=241445.msg9361317#msg9361317

Good on the community for trying, but are we really still taking so long to come up with icons for a wallet?

Community and trader interest drives prices. All these high PoS coins *could* follow under the same argument that all the clone coins do, which is: "Hey, that's just Litecoin with some parameters changed."

Anyway, that's my rambling

[ElTomeko27]

CAPS

Yep, that and HBN and some TEK as well. I saw some decent buy walls above my average BTC cost, and wanted to reduce the amount of BTC I had invested in the coins.

I have to say that, so far, performance hasn't been all that great with my coins. I bought into most of these at a price level when BTC was $600+, so I'm already recognizing losses there.

I've been monitoring my coins and I've noticed that there is a real lack of community in a lot of them. I hate to compare everything against HYP, especially with the FUDsters lurking, but I honestly feel there is at least a baseline level of communication/development there versus other coins. I can hop on the IRC and see 125+ people.

Other coins don't have IRCs and seem to be back several stages development/growth-wise. I mean take a look here:

https://bitcointalk.org/index.php?topic=241445.msg9361317#msg9361317

Good on the community for trying, but are we really still taking so long to come up with icons for a wallet?

Community and trader interest drives prices. All these high PoS coins *could* follow under the same argument that all the clone coins do, which is: "Hey, that's just Litecoin with some parameters changed."

Anyway, that's my rambling

Probably You are right in some points and it is Your investments plan but if We look at whole crypto We will see ONE BIG PRICE DUMP. HYP got some attention right now but its price is dumping hard and will not get back to 8k any time soon. Will see how much ppl will be on IRC channel when price will hit 2-1k range. Best of luck for everyone

[Hilux74]

CAPS

Yep, that and HBN and some TEK as well. I saw some decent buy walls above my average BTC cost, and wanted to reduce the amount of BTC I had invested in the coins.

I have to say that, so far, performance hasn't been all that great with my coins. I bought into most of these at a price level when BTC was $600+, so I'm already recognizing losses there.

I've been monitoring my coins and I've noticed that there is a real lack of community in a lot of them. I hate to compare everything against HYP, especially with the FUDsters lurking, but I honestly feel there is at least a baseline level of communication/development there versus other coins. I can hop on the IRC and see 125+ people.

Other coins don't have IRCs and seem to be back several stages development/growth-wise. I mean take a look here:

https://bitcointalk.org/index.php?topic=241445.msg9361317#msg9361317

Good on the community for trying, but are we really still taking so long to come up with icons for a wallet?

Community and trader interest drives prices. All these high PoS coins *could* follow under the same argument that all the clone coins do, which is: "Hey, that's just Litecoin with some parameters changed."

Anyway, that's my rambling

Probably You are right in some points and it is Your investments plan but if We look at whole crypto We will see ONE BIG PRICE DUMP. HYP got some attention right now but its price is dumping hard and will not get back to 8k any time soon. Will see how much ppl will be on IRC channel when price will hit 2-1k range. Best of luck for everyone

This +100.  Same thing with every one of the many many coins that have had their 15 minutes of fame and had the 'best community ever!'.

Wish HYP never pumped because things are never the same after the dump.

[presstab]

Probably You are right in some points and it is Your investments plan but if We look at whole crypto We will see ONE BIG PRICE DUMP. HYP got some attention right now but its price is dumping hard and will not get back to 8k any time soon. Will see how much ppl will be on IRC channel when price will hit 2-1k range. Best of luck for everyone

This +100.  Same thing with every one of the many many coins that have had their 15 minutes of fame and had the 'best community ever!'.

Wish HYP never pumped because things are never the same after the dump.

I hope that HYP is able to build a base of people that aren't there to day trade and look at the charts every few seconds. People that are fans of proof of stake, and people that want to use and help improve QT wallets, coin control, social tipping, etc. The pump in price seems to be too many people trying to buy at once, all the while supply is not flooding into the exchange because nobody wants to destroy age.  Now lots of those stakes have happen and are being thrown to market, and several of the original whales are starting to cash out it appears.

From my perspective, I like seeing the price come down. It is now more affordable for the newbie staker to come grab a few decent blocks of HYP and learn how staking works. Honestly I would love to see HYP be a coin that helps teach everyone about proof of stake. It is not supposed to be a get rich quick scheme like so many of the other coins seem to be.

Just my .02 HYP

[breakbeater]

........... It is not supposed to be a get rich quick scheme like so many of the other coins seem to be.

Just my .02 HYP

But somehow someone made a LOT of money after the pump to 9k.
About 40 addresses from top 100 dumped most of their coins, and that is a lot of HYP.

[mtwelve]

I'm fine with that. HYP needs to be more distributed IMO. I'm currently around spot 590 and another 10k would bring me to the mid 300's....

[presstab]

........... It is not supposed to be a get rich quick scheme like so many of the other coins seem to be.

Just my .02 HYP

But somehow someone made a LOT of money after the pump to 9k.
About 40 addresses from top 100 dumped most of theyr coins, and that is a lot of HYP.

Sure, thats how trading works. A buyer and a seller for every trade. There was just over 1 million HYP traded in just 3 days on poloniex up at the peak prices. Some/many whales had to have been feeding the market or else prices would have gone even higher.

I for one welcome a shuffling of coins from the hands a few to many.

[glendall]

Sounds basic, but gonna repeat it anyways: best time to invest in a coin you believe in is when the price is low, not high. Best time to buy is after a big dump or price correction.

That'd being said All of Crypto is in a bear market right now. I'm in 8 coins right now and they are all going down. Its good to have rules to your trading to protect your investments as well. If a coin is over 200% from what you bought at, sell back your original investment. Use stop orders to automatically sell in a dive. That sort of thing.

And keep in mind no one ever profits if they buy into a strong coin in a strong market. You'll have better odds buying in early, or if you missed that, buying in when the markets poor, Luke these days.

I have faith i n btc itself, if you do as well, i'dbuy what you can afford. I bought a bit more btc at 349 recently andim pretty confident that'll prove to be a good investment like it was when I bought at 20$, 80$, 200$ and even 600$ last year before the run up to the ATH.

The best oppurtunties are when the market is shit.

[David Latapie]

Probably You are right in some points and it is Your investments plan but if We look at whole crypto We will see ONE BIG PRICE DUMP. HYP got some attention right now but its price is dumping hard and will not get back to 8k any time soon. Will see how much ppl will be on IRC channel when price will hit 2-1k range. Best of luck for everyone

This +100.  Same thing with every one of the many many coins that have had their 15 minutes of fame and had the 'best community ever!'.

Fact 1: Dump is over and the amount of people in the IRC is close to the ATH (and was also at the bottom of the dump).
Fact 2: During and after the dump, we set up revolutionnary StackingPool with HyperPool, had our first multipool operational and designed HyperShield, that I am personally overseering. Other projects are on the way too.

[nutildah]

This one is for all the devs, rich children and armchair analysts out there that feel their parents' wealth gives them license to have their opinion taken seriously -- who feel this entitlement grants them access as important contributor to the scene, without which we would all be lost (and many of whom have commented in this thread):



You're all just barfing toxic horse manure into the atmosphere at an alarming rate. I fear it is now contributing directly to global warming.

So why don't you all develop some shame or some self-respect, just be grateful that you were born into wealth and stop trying to make other peoples' lives worse for a living -- all so you can pretend your penis is a couple inches bigger. Well trust me, its not.

[CrazyLoaf]

This one is for all the devs, rich children and armchair analysts out there that feel their parents' wealth gives them license to have their opinion taken seriously -- who feel this entitlement grants them access as important contributor to the scene, without which we would all be lost (and many of whom have commented in this thread):



You're all just barfing toxic horse manure into the atmosphere at an alarming rate. I fear it is now contributing directly to global warming.

So why don't you all develop some shame or some self-respect, just be grateful that you were born into wealth and stop trying to make other peoples' lives worse for a living -- all so you can pretend your penis is a couple inches bigger. Well trust me, its not.

I don't even follow?

[vegasguy]

Hey, crazyloaf, if you dont mind me asking, other than HYP & TRK, what are your holdings? I heard you had a massive falling out with M, and therefore dont like balls. Word on the cryptostreet is your not a fan of HBN or caps because of low trade volume, and it makes it hard to exit. I dont know if any of this is even true, so I came to you. With all those eliminated what are you holding I haven't mentioned?

Vegas

[CrazyLoaf]

Hey, crazyloaf, if you dont mind me asking, other than HYP & TRK, what are your holdings? I heard you had a massive falling out with M, and therefore dont like balls. Word on the cryptostreet is your not a fan of HBN or caps because of low trade volume, and it makes it hard to exit. I dont know if any of this is even true, so I came to you. With all those eliminated what are you holding I haven't mentioned?

Vegas

Sure. Here's my high PoS holding(s):

Hyperstake

Here's my thoughts on the others that I have exited and/or am exiting:

CAP/HBN: I like Tranz and how he's pretty quiet, but I feel like the communities in these coins never really took off. I'm also a little confused with HBN vs CAP, like why would you want one above the other? Seems there needs to be some interplay. On CAP, I've noticed a lot of back and forth with the dude trying to come up with new wallet themes. I mean he's working for free, but then other people are saying it needs to be more like Fallout and stuff like that?

Also, I've talked with some whales who bought CAP at higher prices during the BTC wall. They've experience large fiat + BTC losses, so are monitoring a possible exit point.

I've monitored the pricing in HBN for a while before I started selling. I was really interested in performance around 10k sat, but it never seemed like it could hold on. Little 5k-10k HBN sellers would drop it to 9k, 8k, 7k, etc.

TEK: TEK has gone back to paying 40%+, but that's because (imo) demand for stake blocks is low since a lot of whales exited. I'm a 24/7 staker, and that's the best thing for the network, so until there is a hard fork where this can be done safely without keeping the wallet locked and monitoring the PoS difficulty, I'm out. The dump that woke me up in TEK was the $300 sell from 14k sat to 3k sat. I get things can happen, but there are other ways to get money (and it's not like you can quickly turn that $300 in BTC into $300 in fiat unless you do some legwork). There's a couple of other technological updates I'd like to see also.

PHS: Quiet coin with ultra low volume. Ultra low being 0.1 BTC and less a lot of the time. Not really much to say.

NVC: I tested a block of 600 NVC for over 3 months with the wallet open 24/7. My stake was a grand total of 6 NVC, no where near close the pretty low 35% rate. Beyond that, boring coin. Maybe the community in Russia is better, but seems really quiet in their English thread.

TRK: I'm worried about this one. I think it's getting removed from AllCoin and Bittrex has it on a warning for low volume. I can't tell if Bittrex wants 0.2 BTC volume daily or 0.2 BTC volume weekly. I like how noise kept it alive with the design and things like that, but with CAP struggling a little imo, TRK may have a hard time. It never had too much volume to begin with and that "pump" to 2k sat was met with a very thin buy book.

GRW: Ultra low volume. Probably going to die out.

Any other questions on coins, let me know.