Does the CHIA (XCH) coin still have growth potential?

o48o

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Quote from: dewcanon on January 08, 2024, 11:53:26 AM

Hello, everyone. Over the past two years, I have purchased 120 XCH, and my average buying price remains at $184. The developers have decided against conducting an ICO in both 2022 and 2023, opting instead for the transition from energy-efficient coin farming to regular GPU mining (plots that required for proof are now created on GPUs). My question is whether it is worth waiting for this year or the Bram Cohen's coin have no chances against altcoins like ETH and Sol ant it's time to record a losses?

You might have been too close to follow them to see how majority thinks about them. So, as on outsider, let me summarize that:

I didn't have a clue that they moved to regular GPU mining and i recon most people don't. Their whole gimmick was to mine with harddrives, which would be enviromental way. That resulted to news of people messing up their hard drives while meaning it. That's far from "enviromental" or cheap, so majority rejected the idea. GPU mining isn't enviromental either, but i don't know, maybe they are wishing for community of miners that used to mine eth, i don't know. But yeah, i am not that interested or haven't heard enough even to use my time to research them again. So i would definitely count that as a loss and move on. It's not even as of a big loss that you could have made during this.

Bitcoin_Arena

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I don't think they will ever go past their previous all-time high. With all the renewable green coins hype gone, you should have cut your losses and sold the coins back then when the price was still high. I remember saying somewhere probably about over a year ago that the CHIA coins price would continue to go on a downtrend in the future.

It was all most about hype. Nothing else.

bluebit25

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Quote from: tokeweed on January 09, 2024, 09:27:59 AM

-snip-
If you wanna make money in crypto then you should go with the times. I also once thought privacy was going to be a huge thing in crypto and also thought everything was going to make a shift towards XMR. But I was wrong. No one really cares about privacy anymore.
(...)

I just agree with adapting to change. And as for privacy, it's still an area where there will be a fair amount of attention. Maybe each stage has different directions that cause some things to be labeled negatively. I'm not sure when there will be a return, but there will be issues where users feel like they're being monitored and redirects happen, which is inherently not something that's completely responsive and, as you mentioned from the beginning "If you want to make money in crypto then you should go with the times" .

batang_bitcoin

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Quote from: Dunamisx on January 09, 2024, 09:53:50 AM

Quote from: batang_bitcoin on January 08, 2024, 12:43:44 PM

Much better not to compare it with those coins. Two years have passed and I guess that this project has been forgotten and there's no more hope on it.
Look at how it portrays its entire market and whatever is going to be the developers way of reviving it, it might take time to reach even $100. The ATH is incredible but I guess that most of the high holders of it have made their own exits already.

Aside that, any investment made on any altcoins is at investor's risk, we should have been told earlier about this fact on altcoins, there's no way we can play more safe and smart the avoiding the risk involved in making an investment on them, the more reason we should know that we are expected to make research about anything we are trying to do, this are the normal expectations from us.

People have to understand that altcoins moving at their quickest period and that's why when you've missed the run and you've held on it, that's a total loss for you. Those that have been too optimistic about it but left for a while and didn't checked the scene of this coin have probably on their losses already. That's how it should go and they need to understand that it's not easy to recover from these scenarios but there is one thing that they can think of, a lesson to learn.

Dunamisx

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Quote from: batang_bitcoin on January 08, 2024, 12:43:44 PM

Much better not to compare it with those coins. Two years have passed and I guess that this project has been forgotten and there's no more hope on it.
Look at how it portrays its entire market and whatever is going to be the developers way of reviving it, it might take time to reach even $100. The ATH is incredible but I guess that most of the high holders of it have made their own exits already.

Aside that, any investment made on any altcoins is at investor's risk, we should have been told earlier about this fact on altcoins, there's no way we can play more safe and smart the avoiding the risk involved in making an investment on them, the more reason we should know that we are expected to make research about anything we are trying to do, this are the normal expectations from us.

tokeweed

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Quote from: dewcanon on January 08, 2024, 11:53:26 AM

Hello, everyone. Over the past two years, I have purchased 120 XCH, and my average buying price remains at $184. The developers have decided against conducting an ICO in both 2022 and 2023, opting instead for the transition from energy-efficient coin farming to regular GPU mining (plots that required for proof are now created on GPUs). My question is whether it is worth waiting for this year or the Bram Cohen's coin have no chances against altcoins like ETH and Sol ant it's time to record a losses?

Sorry there bud, but the meta has gone way past Brian Cohen's pet project and his proof of work alternative to airdrop farming and modern ETH alternate chains.

If you wanna make money in crypto then you should go with the times. I also once thought privacy was going to be a huge thing in crypto and also thought everything was going to make a shift towards XMR. But I was wrong. No one really cares about privacy anymore.

And the funny thing is there are just a couple of guys that I've seen in BCT who are updated on the meta in crypto.

beerlover

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Quote from: GreatArkansas on January 08, 2024, 09:56:04 PM

I first heard CHIA (XCH) a few years ago, when it was hype because you can mine these coins via your hard drive storage. I believe there are some people who tried to do mining on this altcoin but then again, we are in a bear market, and I believe it was affected by the price.
And upon looking now, from an all-time high it's above -90%, already huge even Bitcoin is already near to its all-time high. For my own analysis, I will not touch this altcoin especially now.

Didn't knew about that mining part but I only hear this by the time BTC is on the hot seat due to environmental concerns. They say this coin is more friendly to the environment. It gains a popularity because of it for a short while but later on people start to forget the issue of BTC and continue to embrace it again warmly.

So, CHIA and other environment-friendly coins are forgotten again by the public. Bear market is a period where all coins value are going down. CHIA is no exception to that. BTC maybe near to its ATH, that is because it was the leader of the bull run. But we shouldn't worry because once it's fully recovered, other coins will only follow up.

GreatArkansas

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I first heard CHIA (XCH) a few years ago, when it was hype because you can mine these coins via your hard drive storage. I believe there are some people who tried to do mining on this altcoin but then again, we are in a bear market, and I believe it was affected by the price.
And upon looking now, from an all-time high it's above -90%, already huge even Bitcoin is already near to its all-time high. For my own analysis, I will not touch this altcoin especially now.

Xal0lex

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I know a user, he is an ardent fan of this coin. He is still mining this coin, constantly buying additional disks in order to mine more, and he faithfully believes that this coin will return to its ATH. I am not calling for anything, DYOR, as they say.

kentrolla

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Right now the coin is roughly trending at 1/6th ($35) of your average buying price and I don't think it will have much in store as it has been on declining trend though the ATH looks incredible but I would still suggest you to hodl on to this coin instead of selling it at loss. We never know when the market will rebound and when it might be the day of CHIA coin as we have seen in these years some of the coins have pumped atleast for few days in couple of years, to be on a safer end have a sell order in placed with a handful profit rather than selling for peanuts.

batang_bitcoin

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Much better not to compare it with those coins. Two years have passed and I guess that this project has been forgotten and there's no more hope on it.
Look at how it portrays its entire market and whatever is going to be the developers way of reviving it, it might take time to reach even $100. The ATH is incredible but I guess that most of the high holders of it have made their own exits already.

dewcanon

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Hello, everyone. Over the past two years, I have purchased 120 XCH, and my average buying price remains at $184. The developers have decided against conducting an ICO in both 2022 and 2023, opting instead for the transition from energy-efficient coin farming to regular GPU mining (plots that required for proof are now created on GPUs). My question is whether it is worth waiting for this year or the Bram Cohen's coin have no chances against altcoins like ETH and Sol ant it's time to record a losses?

Topic: Does the CHIA (XCH) coin still have growth potential? (Read 105 times)