Topic: [ANN] [XEL] :: XEL - The Decentralized Supercomputer :: - page 115. (Read 253610 times)

I don't know about you but I look forward to a future where that $0.03 is more like $30 but apparently I don't know anything

You don't think that paying 5% transaction fees for sending 2 XEL is high? We can agree to disagree.

ha easy just scoop up more now 

easy hold this one for when mewn come.

Just please tell us your true motives, is it because you eventually bought those 5k XEL @22k sat, and now lamenting while it's getting lower, OR still waiting for more dumps to buy cheap?
What's your point? Are you trying to save the world from XEL?

Sure when the devs hold all the coins the thing can still explode, often because those devs are the ones artificially inflating the price.

The parameters that matter depend on the scale you're looking at. Long term of course those you mentioned matter the most. Short/medium term not so much. I see this thread as an echo chamber with every page filled with "to the moon" and "best investment ever" and "stupid dumpers" and so on, but truth is newbies putting money into it right now will get burnt, because most of them won't hold long term. It's the arrogance of your community that makes me react more than anything else.

You have no marketing, the devs are anonymous, top 100 balances hold nearly 90% of coins, most of them have made a 150x return on investment at current market price so tend to cash out a part of their stash, no surprise it's going down and likely will keep going down for a while. Yea what you mentioned will matter long term, right now it doesn't.

Facts??? maybe you should actually make the calculation you claim you did before you discuss facts (yes, summing up is pretty easy). The numbers you gave are made up, not facts.

Again, if investing in Cryptocurrencies THE LAST THING i was worried about is if there are folks with more dough than me. It's all about development and passion for the project. Simple as that when it comes to (successful) investing.

I remember investing in Dash aka Darkcoin when it was a measly 0.00005 and folks like you where all over the place. "Don't invest! Devs holds all of the coins!" And in that case it was even a much different situation as Darkcoin had no such clean and months long way of distribution as Elastic. It was basically an instamine. And yet, Dash went berserk right after i bought my first stake in it.

The only thing misleading here is to lure noobs into thinking they should look at the distribution of an asset when there are things to consider much more important than that. Think about marketcap in comparison to the competition, rate of inflation or the classical risk vs reward approach. All of that in combination with passionate developers and a clear goal and vision truly matters. While your advice is basically crap when it come to successful investing. Go ahead and checkout the starting distribution of lot and lots of projects and you will find no correlation between the two parameters, be it negative or positive. It will just distract you from the parameters that really matter.

It was pretty much the same shit back then :

https://talk.elasticexplorer.org/t/important-check-the-genesis-block-carefully/105/24

Top 10 balances had 30% of the supply, top 100 balances 80%, now it's worse (35-40% for top 10 balances, 85-90% for top 100 balances, accounting for the Bittrex wallet with conservative estimates on the distribution within the wallet, do the maths)

I don't whine, I state facts. I know you guys love to attack anyone saying anything negative related to this project, the facts remain, don't lure newbies into investing in XEL right now when top 100 balances hold nearly 90% of the supply.

Yea long term maybe it will go high, short and medium term it has a lot of room to go down

In regard to the first bigger accounts, if you deduct the first bittrex address it accounts for ~25%, and due to the amount of XEL that has been traded since launch it is natural that some people with deeper pockets will buy more ("whales"/larger holders exist in most traded coins/projects). It is the case in any project.
Over time the distribution will be greater among a larger amount of people.
Your attempt to prove your point is pretty weak at best.

First, yes those 15m XEL of Bittrex MAKE a difference.

Second, if you want to examine the Donation/ICO-Distribution go ahead and have a look at the Donation/ICO-Distribution. But don't come after weeks of trading and whine about you not liking seeing some bigger accounts.

Third, if investing in Cryptocurrencies THE LAST THING i was worried about is if there are folks with more dough than me. It's all about development and passion for the project. Simple as that when it comes to (successful) investing.

Oh yea the XEL accounts of the exchanges, sitting at a whopping number of two!

Besides Bittrex there is Heat (XEL-WESJ-3UCL-7UTC-894KZ) with 275,000 XEL and ... that's it

I didn't take Bittrex into account my bad, that still doesn't look good

Conservatively that makes 35-40% of the supply for the top 10 balances and 85-90% for the top 100 balances

They don't make the trolls today like they used to... today trolls want instant FUD results with minimal effort, it's just sad to see.

LOL, how about you doing the most basic research before you start spreading crap?

If you want to see the XEL-distribution after the ICO go and have a look at the genesis entry record. Since the network runs since a few weeks now lots of XEL have changed hands and the accounts you are naming "whales" here are nothing else then the XEL-accounts of the exchanges. Namely Bittrex on top with its 15Mio XEL wallet.

Try harder next time. 

0.1XEL equals 0.03$ these days. How is that "high"?

It's PoS without inflation at the moment. So rewards come solely from fees.

Longterm there will be a reward for solving tasks sent to the network. Something like Masternodes is being thought of but not definitely decided yet.

Whales invest? LOL, i know several folks who invested a fraction of a Bitcoin. How is that a "whales invest"?

It was basically an ICO just with the big difference that no obligation whatsoever was being made. Was it risky? Of course it was, but that's how crypto works.

http://elasticexplorer.org/ at the bottom of the page

Top 10 balances hold 50% of the circulating supply. Top 100 balances hold 94% of the circulating supply.

The guy ranked 100 can dump 15 btc of XEL, the guy ranked 10 can dump 300 btc

How come transaction fees are so high?

Oh so no ICO then it was a whales invest.

Can be like 200 Whales and that's it right..

No ICO  Donators donated to fund the early development.

didn't know it till today. Where can i find info about how many xel holders?