Topic: [ANN] SilkCoin | New Wallet | NOW on MintPal / Cryptsy | FULL POS - page 220. (Read 332099 times)

Lets see, current rate is 2000 satoshi each. 10x would be 20k satoshi each or 0.0002 each. That would put it in a marketcap of 3.5 million. It would rank 17th, just behind quark, vertcoin and XC. This doesn't seem unreasonable. But lets be conservative and say 5x, that would put us at $1.75 million. That would put us at 24th place, just behind Maxcoin, Megacoin and InfiniteCoin. I see Silkcoin to be more innovtive than these coins and a 5x increase seems very resonable. A 10x increase would completely depend on the eco-system and its real world utility which is still a complete unknown.

I am optimistic ofcourse that if the dev's follow through with their roadmap then we are going up in terms of bitcoin by multiples, the amount of multiples is anyones guess.

Now, we would go straight to the top 10 if the devs implement the marketplace which allows the free selling of anything. This alone would create a lot of buzz and media attention. People using blackmarkets in TOR would flock to the silkcoin marketplace. Actually I would love if their would be a community driven voting system where certain types of goods could be voted to be taken off the market. In other words the community decides what is allowed or not allowed to be sold on the marketplace. This would remove the developers responsibility to flag certain goods and put it into the communities hands.

Also think of the implications of just selling everyday goods on the marketplace instead of ebay, no more 10% fees per item and little to no more listing restrictions. A marketplace owned by all of us.

The OpenBazzar project (AKA darkmarket) has seen a lot of media attention and buzz already just imagine if the eco-system beats them too it, silkcoin would become a household name.

So when you say 10x is highly unlikely it should be rephrased to a "complete unknown", as you are just judging from your previous trade experiences. The reality is the market does not know or has decided what the value of silkcoin will be with these never before seen innovations.

(Note: I am a fan of Terrence Mckenna and a lot of his philosophy on certain mind altering substances, It is not as simple as "drugs are bad Mmmmkayyy", i'll just leave it at that)
https://www.youtube.com/watch?v=09vhqx0CKiA

Lets see, current rate is 2000 satoshi each. 10x would be 20k satoshi each or 0.0002 each. That would put it in a marketcap of 3.5 million. It would rank 17th, just behind quark, vertcoin and XC. This doesn't seem unreasonable. But lets be conservative and say 5x, that would put us at $1.75 million. That would put us at 24th place, just behind Maxcoin, Megacoin and InfiniteCoin. I see Silkcoin to be more innovtive than these coins and a 5x increase seems very resonable. A 10x increase would completely depend on the eco-system and its real world utility which is still a complete unknown.

I am optimistic ofcourse that if the dev's follow through with their roadmap then we are going up in terms of bitcoin by multiples, the amount of multiples is anyones guess.

Now, we would go straight to the top 10 if the devs implement the marketplace which allows the free selling of anything. This alone would create a lot of buzz and media attention. People using blackmarkets in TOR would flock to the silkcoin marketplace. Actually I would love if their would be a community driven voting system where certain types of goods could be voted to be taken off the market. In other words the community decides what is allowed or not allowed to be sold on the marketplace. This would remove the developers responsibility to flag certain goods and put it into the communities hands.

Also think of the implications of just selling everyday goods on the marketplace instead of ebay, no more 10% fees per item and little to no more listing restrictions. A marketplace owned by all of us.

The OpenBazzar project (AKA darkmarket) has seen a lot of media attention and buzz already just imagine if the eco-system beats them too it, silkcoin would become a household name.

So when you say 10x is highly unlikely it should be rephrased to a "complete unknown", as you are just judging from your previous trade experiences. The reality is the market does not know or has decided what the value of silkcoin will be with these never before seen innovations.

(Note: I am a fan of Terrence Mckenna and a lot of his philosophy on certain mind altering substances, It is not as simple as "drugs are bad Mmmmkayyy", i'll just leave it at that)
 https://www.youtube.com/results?search_query=Terrence+Mckenna

Lets see, current rate is 2000 satoshi each. 10x would be 20k satoshi each or 0.0002 each. That would put it in a marketcap of 3.5 million. It would rank 17th, just behind quark, vertcoin and XC. This doesn't seem unreasonable. But lets be conservative and say 5x, that would put us at $1.75 million. That would put us at 24th place, just behind Maxcoin, Megacoin and InfiniteCoin. I see Silkcoin to be more innovtive than these coins and a 5x increase seems very resonable. A 10x increase would completely depend on the eco-system and its real world utility which is still a complete unknown.

I am optimistic ofcourse that if the dev's follow through with their roadmap then we are going up in terms of bitcoin by multiples, the amount of multiples is anyones guess.

Now, we would go straight to the top 10 if the devs implement the marketplace which allows the free selling of anything. This alone would create a lot of buzz and media attention. People using blackmarkets in TOR would flock to the silkcoin marketplace. Actually I would love if their would be a community driven voting system where certain types of goods could be voted to be taken off the market. In other words the community decides what is allowed or not allowed to be sold on the marketplace. This would remove the developers responsibility to flag certain goods and put it into the communities hands.

Also think of the implications of just selling everyday goods on the marketplace instead of ebay, no more 10% fees per item and little to no more listing restrictions. A marketplace owned by all of us.

The OpenBazzar project (AKA darkmarket) has seen a lot of media attention and buzz already just imagine if the eco-system beats them too it, silkcoin would become a household name.

So when you say 10x is highly unlikely it should be rephrased to a "complete unknown", as you are just judging from your previous trade experiences. The reality is the market does not know or has decided what the value of silkcoin will be with these never before seen innovations.

Well we could argue what does the  "value" really mean. Auroracoin's value was not in better wallet or anything technical, it was in a great way of reaching out many people. Around 30 000 Icelanders got their coins...It was only possible thanks to smart usage of Icelandic ID electronic system. This was a new approach to massive adoption and I saw value in that. But I understand you invest according tot echnical value and thats allright

10xmarketcap would shoot us around vertcoin as I said we need one good feature And I agree we need major adoption - this burden is upon us though, we must spread the word

I am certainly not putting my hope solely on SC I always divide my total investment portfolio into 50 even chunks And sometimes when I feel real potential I go double 

Well enough with offtopic.

Lets just concluded that Silkcoin is a great coin and buying now is certainly a viable option

Let's not forget Quantum

I sent some coins to poloniex using the old wallet, is there anything I can do to get my coins back?

Well when aur went 10x from 1USD to 10 USD Your strategy would be not to invest..well aur went 10x more even after that though :-)

Same might be with Silkcoin. I understand you want buy in again in correction phase, but trust me, there wont be any. Many people are waiting for this. Including me and I can purchase a lot.

Silkcoin is something unique, we are not riding the "anon wave" but if we would Silkcoin would rival darkcoin.

This coin has great devs (and team - looking at you judge and wulf!) + passionate community. There is so little toxicity in this thread it is amazing. Propably because there is so much work done around Silkcoin. Just look fast are voting on mintpal!

You might want to wait, but one new feature + mintpal and Silkcoin will explode. And then it will be too late.

The first mistake comparing SC or any other goodinvestment with Aurora.

I am mainly a value investor and not a speculator. So a coin that adds literally no value and is inflated by the fact that it had literally no coins free floating and thus creating scarcity that didn't exist was a fail!

SC is a good coin beause it adds value to the altcoinmarkt and this is good because only coins that add value will be worth something in a months time , or lets say a few months time!

The reason I invested in to SC was because I saw its value, and I also made a goal where I would sell it. Little did i know that the point was reached rather fast (witin a day!).

SC might rise in price, but 10x market cap in BTC is highly unlikely if major adoption doesn't happen.

So putting all your hopes into SC multiplying its value is not a good bet

Just be responsible and sell only when you think the price is unsustainable, and never sell all. If we can be responsible as community and maintain steady growth of silkcoin we will all benefit

Well when aur went 10x from 1USD to 10 USD Your strategy would be not to invest..well aur went 10x more even after that though :-)

Same might be with Silkcoin. I understand you want buy in again in correction phase, but trust me, there wont be any. Many people are waiting for this. Including me and I can purchase a lot.

Silkcoin is something unique, we are not riding the "anon wave" but if we would Silkcoin would rival darkcoin.

This coin has great devs (and team - looking at you judge and wulf!) + passionate community. There is so little toxicity in this thread it is amazing. Propably because there is so much work done around Silkcoin. Just look fast are voting on mintpal!

You might want to wait, but one new feature + mintpal and Silkcoin will explode. And then it will be too late.

I hope so!!  I would love to be able to pay off me and my wife's debt as a surprise to her

Well when aur went 10x from 1USD to 10 USD Your strategy would be not to invest..well aur went 10x more even after that though :-)

Same might be with Silkcoin. I understand you want buy in again in correction phase, but trust me, there wont be any. Many people are waiting for this. Including me and I can purchase a lot.

Silkcoin is something unique, we are not riding the "anon wave" but if we would Silkcoin would rival darkcoin.

This coin has great devs (and team - looking at you judge and wulf!) + passionate community. There is so little toxicity in this thread it is amazing. Propably because there is so much work done around Silkcoin. Just look fast are voting on mintpal!

You might want to wait, but one new feature + mintpal and Silkcoin will explode. And then it will be too late.

My investment philosophy is to never buy coins that performed well in the last few days/weeks. The potential return of those coins is way lower than new/unknown coins. But I gladly rebuy in correctional phases, because if this currency is really implementing second generation features, this might get huge!

That's terrific! Been following your shots on Dribbble about KingCoiny for a while now. Easily the best looking exchange out there.

My investment philosophy is to never buy coins that performed well in the last few days/weeks. The potential return of those coins is way lower than new/unknown coins. But I gladly rebuy in correctional phases, because if this currency is really implementing second generation features, this might get huge!