Topic: CrazyLoaf's CrazySteak(TM) High PoS Investment Journal - page 2. (Read 18543 times)

Its all about when you got in (aka Perspective). Lets take Bitcoin, what about the people that got in right at the $1k mark? Or Litecoin or Vertcoin and got in near their ATHs, of course they're going to say stuff negatively.

All about how you look at it.

lol.

HYP is probably the only high stake coin I've lost money on...
As have at least 90% of the people involved with HYP.

You guys are every bit as shameless as the Monero crowd...
There must be some connection... wait... it's that guy... whatshisname.

http://www.blockchainsingularity.com/

Have you read this? Do you realize that this makes absolutely no sense? And the "whitepaper" is long gone.

It's basically a series of sentences that are non-sequiturs...
Or a buzzword is tossed out and then never referenced again or tied in.

The only source of revenue is amorphous "algorithmic trading"... Of What? By whom?
There is no point even explaining how actual "algorithmic trading" works to people that would swallow this shit.

So they are going to link all Alts together, sure let's call it "block singularity"...
And build a "massive" neural network on top of this...
And then the network is going to "learn" and become "sapient" just like in that movie...
And for some reason sophisticated finance pros are going to pay to plug into this thing?

And 6 months away? OK
"invited to a special Slack group where we can collaborate to fulfill the mission of the project." OK

So they built a nice wallet... and are experimenting with hourly ultra-staking...
But what they are promoting is far more complex than SuperNET minus the genius of NXT and JL777.

lol im sorry HyperStake is not working on a decentralized poker platform or other serious endeavours for you.

It's about time someone tried to actually "monetize" these PoS networks...
But it's important to read beyond the sexy buzzwords and cool VaporMaps.

According to the LinkedIn profile XAI's awesome leadership...
Consists of a guy with no university education, no background in AI and no background in quantitative trading.

As someone with all 3, I find this hilarious.

Anyone can say, "We're gonna throw AI on a blockchain"...
And roadmap vague stuff usually developed by people with advanced degrees making $250K on Wall Street...
But, hey, they referenced a sci-fi movie for credibility. Take my money, please.

Still, it's a cut above HYP... at least they are pretending to do adult things.

I've been looking into dabbling in LTCGear, as I bought in HYP from the 1K+ satoshi range . LTCGear looks legit, might consider buying into XQN just to dabble with the POS rate as well as the interesting motives.

Looking into XQN, thanks for the tip! But yeah good updates as always CrazyLoaf.

Damn, you're right. I forgot to put that in my last post.

Anyway, I'll add a disclaimer here that it's analysis from a nutless monkey.

MonkeyBread is pretty good. Mmmmmmmmmm. And I don't think you want nuts in that anyway (wouldn't hurt I guess), so it's cool.

Sure. Here's my high PoS holding(s):

Hyperstake

Here's my thoughts on the others that I have exited and/or am exiting:

CAP/HBN: I like Tranz and how he's pretty quiet, but I feel like the communities in these coins never really took off. I'm also a little confused with HBN vs CAP, like why would you want one above the other? Seems there needs to be some interplay. On CAP, I've noticed a lot of back and forth with the dude trying to come up with new wallet themes. I mean he's working for free, but then other people are saying it needs to be more like Fallout and stuff like that?

Also, I've talked with some whales who bought CAP at higher prices during the BTC wall. They've experience large fiat + BTC losses, so are monitoring a possible exit point.

I've monitored the pricing in HBN for a while before I started selling. I was really interested in performance around 10k sat, but it never seemed like it could hold on. Little 5k-10k HBN sellers would drop it to 9k, 8k, 7k, etc.

TEK: TEK has gone back to paying 40%+, but that's because (imo) demand for stake blocks is low since a lot of whales exited. I'm a 24/7 staker, and that's the best thing for the network, so until there is a hard fork where this can be done safely without keeping the wallet locked and monitoring the PoS difficulty, I'm out. The dump that woke me up in TEK was the $300 sell from 14k sat to 3k sat. I get things can happen, but there are other ways to get money (and it's not like you can quickly turn that $300 in BTC into $300 in fiat unless you do some legwork). There's a couple of other technological updates I'd like to see also.

PHS: Quiet coin with ultra low volume. Ultra low being 0.1 BTC and less a lot of the time. Not really much to say.

NVC: I tested a block of 600 NVC for over 3 months with the wallet open 24/7. My stake was a grand total of 6 NVC, no where near close the pretty low 35% rate. Beyond that, boring coin. Maybe the community in Russia is better, but seems really quiet in their English thread.

TRK: I'm worried about this one. I think it's getting removed from AllCoin and Bittrex has it on a warning for low volume. I can't tell if Bittrex wants 0.2 BTC volume daily or 0.2 BTC volume weekly. I like how noise kept it alive with the design and things like that, but with CAP struggling a little imo, TRK may have a hard time. It never had too much volume to begin with and that "pump" to 2k sat was met with a very thin buy book.

GRW: Ultra low volume. Probably going to die out.

Any other questions on coins, let me know.

Hey, crazyloaf, if you dont mind me asking, other than HYP & TRK, what are your holdings? I heard you had a massive falling out with M, and therefore dont like balls. Word on the cryptostreet is your not a fan of HBN or caps because of low trade volume, and it makes it hard to exit. I dont know if any of this is even true, so I came to you. With all those eliminated what are you holding I haven't mentioned?

Vegas

I don't even follow?

This one is for all the devs, rich children and armchair analysts out there that feel their parents' wealth gives them license to have their opinion taken seriously -- who feel this entitlement grants them access as important contributor to the scene, without which we would all be lost (and many of whom have commented in this thread):



You're all just barfing toxic horse manure into the atmosphere at an alarming rate. I fear it is now contributing directly to global warming.

So why don't you all develop some shame or some self-respect, just be grateful that you were born into wealth and stop trying to make other peoples' lives worse for a living -- all so you can pretend your penis is a couple inches bigger. Well trust me, its not.

Fact 1: Dump is over and the amount of people in the IRC is close to the ATH (and was also at the bottom of the dump).
Fact 2: During and after the dump, we set up revolutionnary StackingPool with HyperPool, had our first multipool operational and designed HyperShield, that I am personally overseering. Other projects are on the way too.

Sounds basic, but gonna repeat it anyways: best time to invest in a coin you believe in is when the price is low, not high. Best time to buy is after a big dump or price correction.

That'd being said All of Crypto is in a bear market right now. I'm in 8 coins right now and they are all going down. Its good to have rules to your trading to protect your investments as well. If a coin is over 200% from what you bought at, sell back your original investment. Use stop orders to automatically sell in a dive. That sort of thing.

And keep in mind no one ever profits if they buy into a strong coin in a strong market. You'll have better odds buying in early, or if you missed that, buying in when the markets poor, Luke these days.

I have faith i n btc itself, if you do as well, i'dbuy what you can afford. I bought a bit more btc at 349 recently andim pretty confident that'll prove to be a good investment like it was when I bought at 20$, 80$, 200$ and even 600$ last year before the run up to the ATH.

The best oppurtunties are when the market is shit.

Sure, thats how trading works. A buyer and a seller for every trade. There was just over 1 million HYP traded in just 3 days on poloniex up at the peak prices. Some/many whales had to have been feeding the market or else prices would have gone even higher.

I for one welcome a shuffling of coins from the hands a few to many.

I'm fine with that. HYP needs to be more distributed IMO. I'm currently around spot 590 and another 10k would bring me to the mid 300's....

But somehow someone made a LOT of money after the pump to 9k.
About 40 addresses from top 100 dumped most of their coins, and that is a lot of HYP.

I hope that HYP is able to build a base of people that aren't there to day trade and look at the charts every few seconds. People that are fans of proof of stake, and people that want to use and help improve QT wallets, coin control, social tipping, etc. The pump in price seems to be too many people trying to buy at once, all the while supply is not flooding into the exchange because nobody wants to destroy age.  Now lots of those stakes have happen and are being thrown to market, and several of the original whales are starting to cash out it appears.

From my perspective, I like seeing the price come down. It is now more affordable for the newbie staker to come grab a few decent blocks of HYP and learn how staking works. Honestly I would love to see HYP be a coin that helps teach everyone about proof of stake. It is not supposed to be a get rich quick scheme like so many of the other coins seem to be.

Just my .02 HYP

This +100.  Same thing with every one of the many many coins that have had their 15 minutes of fame and had the 'best community ever!'.

Wish HYP never pumped because things are never the same after the dump.

Probably You are right in some points and it is Your investments plan but if We look at whole crypto We will see ONE BIG PRICE DUMP. HYP got some attention right now but its price is dumping hard and will not get back to 8k any time soon. Will see how much ppl will be on IRC channel when price will hit 2-1k range. Best of luck for everyone