Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 361. (Read 1192381 times)

That is why you pick coins with good people behind them.  It is a long, long road sometimes.

Bouncing back is the theme for the week guys but slowly as all cryptocurrencies are getting beaten bloody red . Storm shall pass and KMD will be back on track.

The devs are working on more important things than just wallets.....this project has only been running for 10 months.....just hurry up and wait

Cheers Jon 

Well, at least KMD bounced nicely off of $.69 to $1 a few hours ago. A possible capitulation point.

I totaly agree, for now we can just hope that BTC block size situation will be resolved

Hi.
From time to time I see wallets have problems etc.
I am keeping my KMD for a long time in exchange and I hate that.
Is there a wallet which does not have any problems?
Also, do we receive stake with that?

thanks.

Hey JL777,

Quite an analysis you made even if all these are obvious for experienced traders. The post is clear and has a unique "calmness" that will ease the unrest felt by many of those who read it. Like you said, real money is made with patience and long time investment.

The short term game can only be profited from with a solid money management like you said, stop losses trailing stops and what not. But that's mainly for a quick buck.

As adoption is main target for a project like Komodo, focusing on that aspect and developing the project to a point where mass adoption happens will bring investors and make the price rise.
You probably already have a solid roadmap for that purpose.

Let us all ease up, not panic sell and focus on what is important : if you believe in the potential of crypto, you know that it will rise back. This mean that there is no loss until you sell your positions.
If the downtrend continues, might even be a good thing to add more capital and buy ultra low.

What goes up must go down
But goes down will go up

Well written with your crypto market observations jl777. Newcomers tend to panic a bit specially this south bound altcoin trend has been in its 4th week now. Early adopters are really lucky on this one and also those who sold their stakes when BTC was 2.8k dollars.

I didnt get overly excited when KMD price doubled overnight and also not overly worried if it drops 50% in a day, especially when it is an across the board altcoin to bitcoin shift.

BTC percentage was around 60% prior to the start of the altcoin revaluation and dropped below 40%. Now it has climbed back to the sustainable 50% level as the market is pricing in a solution to the BTC blocksize.

KMD rank is right around #35 as it has been for months, so the price is just going up and down based on the entire BTC to altcoin ratio. Since liquidity for BTC is a lot larger than most altcoins and certainly KMD, any significant shift will affect altcoins and KMD disproportionately.

Let us put it in perspective. KMD price is over 10x its market low price, the fundamentals havent changed from yesterday to today, the price change is a market sector change, so stay calm. Of course if you are a short term trader and bought in at significantly higher prices... It is very risky to be short term trading anything, especially crypto. If you cant hold a position for one year+ (or longer if a bear market makes an appearance), then you will need to have very good market timing, excellent money management to minimize risk, nerves of steel, automated systems to either wake you up while you sleep or actually trade, if the latter it has to be a bug free system. So, the odds that you can actually consistently make money doing short term trading is rather low. The buy and hodl requires much less work. Just need to notice significant changes in the fundamental prospects of a project.

The people that make the big money in crypto, are the ones who identify promising projects relatively early and hold for a long time. That way, when the big spike up happens, you already have it. Also, if you are clever, you can accumulate when there is blood on the streets (everything on CMC is red) and have a lower cost basis.

Anybody that did not expect such days for altcoins has not analyzed the recent shift from 60% to below 40% of BTC dominance. I was not surprised it happened. Of course I dont know when it will happen, just that it would. Now that BTC is at 50%, that is the traditional market dominance of the leader that is long term sustainable as long as it doesnt do something really counterproductive. Depending on the resolution of the segwit2x/Aug 1, BTC will move significantly unless the market prices it in exactly correctly. This means it is not going to be easy to know about likely prices until after it is resolved.

Once the BTC situation is resolved, then I think altcoins can go back to a more normal trading pattern. I will just continue to improve the barterDEX tech and actually I am starting to think about the next phase for the core. I too am eagerly waiting for GUI like all of you.

what lj think about this situation? Would be intresting know a veteran posistion

Big players are manipulating the entire crypto market creating a snow ball effect of panic.They created the pump and now is the dump.At some point this will have to stop and crypto market will recover in green numbers as habitual

what happened to komodo? -50% in a day

I suspect the following quote will invoke boos and hisses from some parts but consider how more or less the whole crypto space lifted when btc lifted.
What that means i don't know but i suspect it's a foretelling that the old whales are going to meet some significant new competition with deeper pockets.
To tie it back to kmd, be smart, look long term and ride it.

http://www.marketwatch.com/story/a-stock-market-versus-a-market-of-stocks-2015-03-11
CHAPEL HILL, N.C. (MarketWatch) Who is winning the "market of stocks versus a stock market" debate on Wall Street?

This is one of the longest-lived debates, in no small part because there is no right answer. There are some market environments in which the vast majority of stocks are highly correlated with each other, in which case it makes more sense to consider Wall Street to be a monolithic stock market. In other cases, however, most stocks are relatively uncorrelated with each othe -- and it then becomes appropriate to describe Wall Street as a loose collection of individual stocks.

At this time of the year it is just typical for the whole crypto market to go dip. Summer is the season to spend. So people cant spend with cryptos conveniently as cash/fiat . But with KMD going down, I will watch it til it reaches the lowest point and if I notice that there are successives of buying support , that will be the time I will stash up and its a signal of recovery.

In case anyone missed it, looks like new version of Agama is released that may solve some issues people were having previously.

Not sure what all the panic is about.  Seems like the team is working hard and getting closer than ever to fulfilling the vision of SuperNET/Komodo.

Meh.  I just bought more.  This coin is way undervalued.  The entire crypto market is down at the moment.  This is the perfect time to buy more.

mostly big player comming to kmd to make big box
that the only option nothing wrong or out of the ordinary so

I waiting for the big wave

Won't stay down forever.  Buy some.  Never thought we would get a chance like this again.  You have to look at gloomy times as opportunities if you want to make it in coins.  Really messed up way to think, but that is how it works.

nothing changed with KMD, just the value of dollar increased because of the fed policies