Topic: [ANN] [VIA] ★ Viacoin ★ ~ the future of digital currency ~ ★ - page 227. (Read 825878 times)

^ @ Celani10

I like the part most where you initially called people who are currently selling 'f***** stupid' and even gave good reasons to NOT sell, then not an hour later, edit that same post to that rant above.

Didn't follow your own advice, turned hypocrite, then went full retard.

smh.  

its really not a big concern for scrypt/alt based coins. It sort can, but it gets orders of magnitude harder then bitcoin's 51% chances

@btcdrak,

As a VIA investor (or insert any other definition you find fit) I would like to know your opinion regarding the recent decrease in price of the coin, specially if you think there are different motives to cause so other than the actual BTC price dive.

Thanks.

Eth.

True, this week has been red all along for every single coin (and other markets in general), except maybe, the ones backed by real assets (see URO, SYNC) that perhaps are or at least are considered less affected by whatever happens with BTC itself (?).

Honestly, my concern is that I got some orders stuck in the high 50s (I play at certain % for long term investment which I hold since the 20s, and a smaller % for shorting, trying to buy cheaper and reinvest afterwards, increasing the total holding of the coin). Guess I will have to wait to release the shorts and keep playing with them.

Eth.

Anyways back to Viacoin discussion.

Regarding the price, its not just Via. As bitcoin prices drop people tend to liquidate their coins in bitcoin and sell it for fiat hoping to buy bitcoin at a lower price. All it takes is one big sell order on any coin to start the chain reaction and panic. Try looking into the history of stock markets at its very beginning, the past is the key to the future 

I prefer not to comment on price because of my position. But if you allow me to put my trader's hat on for a moment, BTC has been itching for a dump for quite a while. The writing has been on the wall. Simultaneously with BTC, if you look at coinmarketcap (http://imgur.com/aLR5wdI) you will notice almost all alts have taken a beating. Until the BTC crash Viacoin was quite disconnected from BTC price as you would expect.  But a logical thing for investors to do if BTC is crashing is to hedge into USD, that means converting alts to BTC and selling those for USD. The reason is most people still value the dollar more than bitcoin because ultimately most things are still priced in USD even if you have bitcoin payment methods.  A change in bitcoin value affects one's spending power. It's the psychology of "if bitcoin were to become worthless tomorrow then... better get out now and protect my value".

You normally dont see correlation between all (most) alts and BTC price unless there are massive price moves in bitcoin. If you compare the large price moves down of Via, they seen to match the downward moves of BTC. Another logical thing to expect is once confidence returns that BTC has stopped declining, alt investors will buy back BTC and get back into alts. Remember the volume of the alt market is still pretty small, so that buying would not necessarily affect the price of BTC upwards. The correlation works more one-way because alt-people are following the herd to protect their USD value, but alt investors are not the herd, they are a small crowd by comparison (by volume) so when they move back to alts via BTC they dont affect the BTC market profoundly.

So I'm not passing any judgements or making any conclusions because I would be inappropriate, but those are strong factors to consider for sure.

I'll be honest.  I dismissed investing in Syscoin early on, almost right away.  I had a visceral reaction to their video, and the fact that they were selling t-shirts, hats, and keychains on their ANN page didn't sit well with me either.  I want to see someone focused on their work, not on making some side change.  So presentation wise, they didn't grab my attention enough to bother deeply looking into what they were doing. Again it could be a winner, it just didn't fit into what I'm looking for.

Later after they had done the first portion of their IPO and had moved onto their bigger raise, I'd been told to check them out again.  From the little I did read, I noticed the guys were working on it part time (correct me if I'm wrong).  It's hard enough to change the world even when dedicated on a full time basis, it's practically impossible to do it part time.  So I stopped reading there again.

I could be wrong, and they might deliver.  But I approach investing a lot how I imagine surfing would be.  I like to see things line up right before I put any real effort into trying to catch the right wave.  If early indicators tell me it's not the right one, then I don't bother looking at it much more (unless I have good reason to come back to it).  If you try to catch every wave (or in this case invest in every coin that looks kinda interesting) you'll just be exhausted and when the good one comes along you won't be able to maximize your enjoyment, or in the case of cryptos your return.  Again, this is just how I approach it.  The video and t-shirts that I had a visceral reaction to could legitimately be the kind of thing someone else is looking for.  

This is not to say that it's not a +EV investment.  I think there is likely a good trade in there as the final Syscoin of the sale got snatched up pretty quickly.  I'm sure after it hits exchanges there'll be some money to be made.  But it's not the big wave I'm willing to try and take for a long ride.

The ones flaming others etc yea you cant do anything about them but flag them. Its certainly takes effort and skill to deal with people in a sensible manor but alot of tech devs surely havent honed them except for a few. That is part of the valuation nowadays to determine the character snd integrity of a team is just as important as technical skill.

@btcdrak,

As a VIA investor (or insert any other definition you find fit) I would like to know your opinion regarding the recent decrease in price of the coin, specially if you think there are different motives to cause so other than the actual BTC price dive.

Thanks.

Eth.

"always" responding to trolls is not an indication of anything except you are willing to drain all your energy and fail to see the whole point of trolling. You are familiar with "dont feed the trolls" surely. A troll does not care about the truth, or your response. They want to increase the noise levels, raise emotion and create confusion, uncertainty and doubt by drowning out what is relevant or true in the discussion. The more sensible approach is to have a FAQ that covers discussions, otherwise every new troll that comes along resets the discussion to 0 and repeats the same crap over again.

You're very right.

"always" responding to trolls is not an indication of anything except you are willing to drain all your energy and fail to see the whole point of trolling. You are familiar with "dont feed the trolls" surely. A troll does not care about the truth, or your response. They want to increase the noise levels, raise emotion and create confusion, uncertainty and doubt by drowning out what is relevant or true in the discussion. The more sensible approach is to have a FAQ that covers discussions, otherwise every new troll that comes along resets the discussion to 0 and repeats the same crap over again.

Theres about 5 full time devs working on it... I seen the code, tons of value add there... as a bitcoin dev I can see why people are interested in it.. thats why I joined the team aswell.. I wanted to make a change.. and there def is innovation there. The team is great, always responded even to trolls, thats one thing I look for in a coin to raise above the scam coins coming out everyday.. the communication of the team is a big thing that people seem to dismiss. The technical ability is also important but being on time with things and doing what you see without negative surprises is a big plus with Sys