Topic: [ANN] [SWIFT] BitSwift |https://bitcointalk.org/index.php?topic=922982.msg101316 - page 74. (Read 268399 times)

Pretty much what it is. Lots of fudsters on this one. lol

this is still early, i bet most of the investors who will be getting into SWIFT to push it past 100k aren't even here yet, this is good turn over, the more people (strong hands) who buy at 30-40k will not want to sell until atleast 60-70k imo (and thats the quick flippers, most strong hands will see how high she goes)

this pull back to 30k is about the best case scenerio for a rising, this coin is still blowing up and just now getting some much needed attention...

once the dev's start implementing there module system is going to be something special
 
 i think thats where the majority of the ICO btc should go, multiple devs should be hired and some project work should be contracted out to exspierenced C++ and QT devs, or atleast thats what I would be doing if i wanted to deliver new features for my coin

good luck bitswift devs! and remember even cloak outsourced dev work so its not like its a bad thing, just something to think about to ensure the fastest/best delivery of the coin imo

Im holding  through this pull back and waiting for greener pastures (50k+) which should be right around the corner when the rest of the weak hands are out (GOOD RIDDANCE!)

Like I said, I'm new to this, but I have been scouring threads for a while.  BitSwift released a lot of material very soon after launch.  Perhaps they did much more pre-development than most other coins do, but I get a good feeling they have this pretty well thought out.  Compared to other coins I see figuring it out as they go.  I am hopeful for 100K, but I don't see it being a far off possibilty.  I will hold and hope for the best!

same thing i was thinking man.

and it amazes me how little PATIENCE people have, it's utterly moronic. 

This kind of drop was expected. It went too high too fast. It is good for new people to get in. New people at high price people with strong hands are joining the flight.

So moon is coming soon.

I didnt expect that at all , maybe my 16-20k range is a little on the conservative side but essentially we are saying the same thing.

People are taking profits.. Nothing strange with that at all. This coin did a 400% raise in less than a week ffs. What did people expect ? 400% more right away ? That is not healthy at all. Let it floor around 30-35K for a while and it is ready for another push up.

Cloak went to 300K dont forget that. And this coin have a real developer that dont promise too much (Alty)

This coin is about to change the world. Anon era is pretty much over, now fast and easy are the way to go. If some people want to do dirty stuff they can use anon coins for that. But the main mass of people are not using their crypto for illegal use. This coin is perfect for first time users like old people. FAST and secure transactions.

If/when China jumps on this train things will go crazy for real.

Hold = Win
Shorting = Risky as hell
Dump = Wave to the train when it leaves

U think it will go 100k just because btcd did ?
What Reasons do u have for Thinking its going to go to 100k ?
The Newness is allready wearing off and price&volume is dropping.
I hold a few K so Id be very happy to see it go 100k sat but ,, i have my doubts. I think it will hang around the 30k mark for awhile before dropping to the 20-16k range where it will stabilize untill next pumpnews/release.
I will be buying a lot more in that range but i dont share ur view that its going 100k this or next week.

Although I am new to alt coins, and this is the first coin I have majorly invested in, I beleive 100K is very possilbe.  I've lurked a lot of coin threads lately and it seems like the BitSwift boy(s) have been damn good at releasing stuff as promised. I hope to see some more stuff soon!

Doesnt look much like moon anymore dropped from 40k back to 30k  and the volume dropped by 50% as well looks like the p&d group has moved on to the next target.

My moon is at 1 Million Sats. Where is your moon?

The sales of coins in this ICO was transparent in the sense that everyone can track the sales happening on the exchange.  It is therefore possible to say beyond reasonable doubt, with the value placed on Bittrex integrity as an exchange that 100% of the ICO was sold out and paid for with BTC @ 8000 per coin. In that sense the process cannot be bypassed to only sell 10% of the ICO as per your example and making as if 100% was sold. The full ICO coins was transferred to the Bittrex wallet otherwise the number of coins in the ICO would have showed less on the sell side. It is therefore not necessary to have a "proof of ICO" of some sorts. Having said this, it is impossible to determine exactly who paid the BTC. This information is confidential to Bittrex. All that the public will know is that someone paid BTC for the coins. The "someone" can be the broad community in the one extreme or just one person on the other extreme. If the dev put in BTC in the exchange it is possible to have bought coins in the ICO. In short, in all scenarios real BTC has to flow into the exchange for the ICO - how the BTC is obtained or structured outside of the exchange can be done in many ways to achieve the same result.

> It is up to the dev to prove this to the community that gave him 320BTC.

Is there some way of knowing the dev was given 320 BTC by regular community, vs.  just saying the ICO was sold out at 90% but keeping that 90% SWIFT themself/ves in different wallets, and the last "real" 10% 32BTC was what was contributed by buyers who thought the demand was real?

In other words is there any such thing as "proof of ICO shares sold to new investors", or do the ICO buyers just take the dev's word for it?  

Nothing like waking up, with the pockets full of swift. Good times

I have swift...

Can anyone find A successful pure pos coin?

without high hash rate support, the coin will be done soon

I forgot to add this earlier: In the case of Swift it is fair to expect the dev to maintain a fast pace in line with the large amount of BTC the "community" entrusted the devs with. 320 BTC is a lot of money that should be enough to fund the fast paced road ahead. That is of course if the ICO funds will be used for development and marketing work and if the dev team is sincere and honest. A hypothetical situation in the case of an unscrupulous dev team and pump group would be as follows: Pump leader and dev makes a deal that pump group will buy most of ICO in return for guarantee that dev hands over ICO funds to pump group as well as for assurances that dev would add lots of bling and hype to improve sentiment to add to the pump group's own hype. Once price is high enough due to the increased sentiment due to promises and with large enough buy orders for pump group to exit profitably, ICO funds are paid over again by the pump group to the dev for future work or for whatever the dev wanted the ICO funds for.

Of course we all believe that such an atrocious situation is not applicable here and that everything with this ICO was above board. Proof will be in the fundamentals when features work properly, increases utility of the public and gets widely adopted. Earnings is a bonus and anything based on just future promises are fake and empty. It is up to the dev to prove this to the community that gave him 320BTC.

When the great man/group developed and rolled out BTC it was the first of its kind and different rules applied at the time. There were no features, bling or anything - just a straight forward protocol to roll out a proof of concept digital/virtual "currency". There was no honeymoon period for BTC and it went straight to market adoption and use. A coin's price is determined by the market forces of supply and demand. Supply and demand is created by several factors including utility, sentiment and earnings. With utility in this context I mean how useful the coin is to people to make their lives easier. With sentiment in this context I mean the view of whether there is a future for the coin in the hostile environment it operates in that is impacted by factors like regulation, bans, public acceptance, potential of future improvement in utility or potential future earnings etc. With earnings in this context I mean loosely combining capital gains and then also income from holding that can be compared to "dividends" or interest. BTC has a good mix of investors/speculators/users/entrepreneurs that can provide a good mix of the factors influencing the price. BTC currently has extremely high utility as a tender instrument, ever increasing adoption, the sentiment is a bit on the low side due to the China and Russia factors as well as several warnings and wait and see government approaches. I am not aware of a virtual bank that takes BTC deposits on which you can earn interest and BTC is not a company that can pay you dividends and does not incorporate something like POS. You can however get some "earnings" from speculation on the market or depending on the sentiment make some capital gains over the longer term if you are an investor. BTC has proven utility and adoption by the public with many entrepreneurs working in the space of improving utility and adoption. Sentiment you can do nothing about directly and few entrepreneurs have worked in the space of how to create earnings with BTC. BTC does not need Satashi Nakamoto becuase his purpose has been served and BTC does not need bling. BTC has already arrived and just needs a team to make sure that the blockchain is working, stays secure, that availability is maintained at all times and perhaps handle regulatory issues.

Alt-coins needs its Satoshi Nakamotos because each coins promises to take on an established BTC by somehow providing a higher utility or provide some kind of earnings. This requires distinguishing factors that needs to be developed through innovation, rolled out and aggressively marketed. Many devs also add lots of bling that is mostly useless other than being pretty. Unscrupulous devs and pump groups focus largely on the sentiment piece by creating hype with the promise of increased utility or earnings in an attempt to positively impact the sentiment of a coin by making investors have a positive future view of the coin. Sentiment is not really fundamentals on its own when created by hype and bling whereas utility AND adoption thereof and real earnings are more fundamental imo for increasing demand and decreasing supply and therefore increasing price in a sustainable way. At this point in alt-coins there are mostly speculators, less investors out of free will, even less entrepreneurs and almost no day to day users and therefore no adoption. When speculators have done their deeds and the remaining bagholders (lets call them investors by force) realise that there is no real improvement in utility of a coin and no adoption and that there are no real earnings and that the features were just bling to pump up sentiment, the artificial demand drops, supply increases and the coin price crashes. The alt-coin that can provide the innovation to adapt Satoshi Nakamoto's work to provide something that tops BTC utility and adoption and as a bonus can provide real earnings without the necessity to artificially pump the sentiment will have a good chance to stand up against BTC and even potentially take it over as even BTC cannot last forever in its current form. The current shambles in alt-coins serves no other purpose but to be a breeding ground for innovators to fulfil the purpose of enhancing Satoshi's work to get to the future digital currency to take the world forward through the next few decades. This breeding ground is fraught with scams but even scams has a place in the bigger picture to learn about vulnerabilities in the system to add to the body of knowledge in order to build something robust.

That is imo why Satoshi Nakamoto is not needed for BTC but similar innovators are needed for alt-coins which hopefully answers your question. Unless your question was just meant to be rhetorical?

Its very simple, look at ANY successful alt coin chart and you will see the same trend. The point is this coin is far from peak. So sell if u want to take profit, Fud if you want more coins. But don't miss the obvious.

I thought it was funny this coin is being compared to cloak, ok then... Go LOOK AT THAT CHART. Its the same as any.


Swift is young, only days old. Even if it was a PnD, whoever behind it would be stupid to get out now.

A coin goes from 8k sat to 43k sat in a matter of days. Of course it's going to drop back down to the 30s. Some of us took profit. It's healthy for a coin and better off for the long run.