Topic: Epic Cash (Read 235 times)

Quote from: Cryptomiles1 on June 26, 2022, 12:59:00 PM

You're entitled to your own opinion. Epic has done a 50x, over last 2 years

And why do you think that this is an argument for its prospects and investment attractiveness? Yes, the project brought its early investors a profit, I will not argue, but that absolutely does not mean that if it was profitable in the past, it will bring the same profit in the future. Do you want to dispute that statement? If so, you can try to buy projects like LUNA, for example. This project brought its investors more than x70 profit last year, but is that a reason to buy it now? I think the answer is obvious.

I always look at a project in terms of present numbers, not past or future numbers. What do we have at the moment? The project has low liquidity, the project for 2 years and was not able to reach the major trading floors. These are the main criteria by which I can say that investing in this project is very risky.

@Xal0lex Have been and experienced trader for a long time now and he knows what he is saying over the market. Despite Epic seen 50x does not really mean a good trader would venture into it since they have only $50k trading volume a day, it is not enough to trade with.
Now let me break it a bit, $50k is the subtotal of buying and selling that occurs per day, and would likely be the teams or Bots manipulating the market.

I'm sorry, but I'm not a trader. In the sense that I don't trade altcoins Wink

I am convinced that altcoins reveal their potential when investing, not when trading. In trading, people often sell their coins cheaply, which over time become more valuable, and there is a great risk of losing everything altogether.

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Quote from: cryptoperkele on June 26, 2022, 05:10:30 AM

Quote from: JW9494 on June 14, 2022, 09:00:48 PM

I just wanted to share this interesting statistic..

Over the last 12 months

I bet you can find hundreds of coins/tokens that are up 100% that are micro or lowcaps with no decent liquidity or fundamentals and compare them to high caps now and win. That doesn't mean they hold up any closer inspection or are good investments in a long run.

Yup, you are right since majority of these altcoins that keeps popping up almost everyday and everywhere I've only seen only few of them lasted this long though since most of it would just be gone or delisted already from any exchanges and there's no way you can make profit from it if it is not on the exchange. And with the addition of those replies above me, we can't be sure about what's going to happen in this coin in the future so if you want a better investment choose Bitcoin or Ethereum instead since it has been proven a lot of time that these coins will give you a good profit.

Cryptomiles1

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Quote from: JW9494 on June 14, 2022, 09:00:48 PM

You're entitled to your own opinion. Epic has done a 50x, over last 2 years

@Xal0lex Have been and experienced trader for a long time now and he knows what he is saying over the market. Despite Epic seen 50x does not really mean a good trader would venture into it since they have only $50k trading volume a day, it is not enough to trade with.
Now let me break it a bit, $50k is the subtotal of buying and selling that occurs per day, and would likely be the teams or Bots manipulating the market.

cryptoperkele

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I just wanted to share this interesting statistic..

Over the last 12 months

I bet you can find hundreds of coins/tokens that are up 100% that are micro or lowcaps with no decent liquidity or fundamentals and compare them to high caps now and win. That doesn't mean they hold up any closer inspection or are good investments in a long run.

serjent05

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Epic Cash is around $1 right now. And it hit $6+ maybe 6 months ago.

It looks like Epic Cash didn't escape the bear market wrath but now I think it goes down lower to $0.8 and I believe it will continue to crash.

When the network mining activity increases substantially, the price increases, occur.

How did you come to this conclusion? Isn't it when the demand activity increase substantially, the price increase occur? Having more miners means more people to dump the token/coin.

And, another positive is that it is only on two exchanges, Bitmart and Vite Dex.

I don't think having only 2 exchanges is a positive thing. The exchange, the more exposure, the more possible interest will be gather thus an increase in trading volume may happen.

I know that some people might write this coin off. But if you're a smart trader with some experience, you'll know that small fortunes can be made in projects like this.

Depends, I believe this project is already been pumped and still undergoing the process of a dump. Unless the project is solid which I doubt because it has only a $44k daily volume, I can't see any sign of me making a fortune on this one. If you have seen it care to elaborate so that we can all see what you saw?

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Quote from: Tytanowy Janusz on June 15, 2022, 10:18:19 AM

Epic Cash is around $1 right now. And it hit $6+ maybe 6 months ago.

When the network mining activity increases substantially, the price increases, occur.

And, another positive is that it is only on two exchanges, Bitmart and Vite Dex.

I know that some people might write this coin off. But if you're a smart trader with some experience, you'll know that small fortunes can be made in projects like this.

https://t.me/EpicCash

I appreciate your marketing efforts in such a difficult period for the entire cryptocurrency market, but any experienced trader or investor is well aware that until prices reach the bottom, it makes no sense to invest even in the most promising projects. Just look at the top from Coinmarketcap to conclude that this is not the time to invest yet.
Anyway good luck!

Johnyz

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Quote from: Wilhelm on June 15, 2022, 12:51:39 AM

Yes you can make 1000x if you are lucky but (unless I'm mistaken) there's no good way to know which ones will succeed.

I guess that its like 1/10 000 to do x1000 so its way better to simply go to casino to roulette table and bet all your money on red and hope for 10 win strike. Chances of doing x1000 are much better that way rather than gambling on shitcoins that no one knows and no one use.

It pumped once doesn’t mean it will pump again especially if the hype is slowly dying. So with this project, they need first to survive the bear market and if they are able to do so we might see them rising and reaching a new peak again. x1000 profit is hard to find, usually a hyped and new project can able to achieve it but there’s still no guarantee that they will remain on that position, it can be a manipulated pump so be very careful.

Cryptoababe

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Can you share details on how to mine this epic cash coin?. So far it's minable, Many will prefer to mine than to buy.

Tytanowy Janusz

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Quote from: Wilhelm on June 15, 2022, 12:51:39 AM

Yes you can make 1000x if you are lucky but (unless I'm mistaken) there's no good way to know which ones will succeed.

I guess that its like 1/10 000 to do x1000 so its way better to simply go to casino to roulette table and bet all your money on red and hope for 10 win strike. Chances of doing x1000 are much better that way rather than gambling on shitcoins that no one knows and no one use.

Wilhelm

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Quote from: Tytanowy Janusz on June 12, 2022, 02:25:01 AM

But most people go to altcoins because they want to get rich quick which only pans out for a very select few...

Those who are here to get rich quick are the one that lose all their money.

We'll see... but from a risk reward perspective it's risk free at the expense of time.

Explain me please how its a "risk free" investment? You are risking 100% of your money that you plan to invest. Just like with every other investment. The fact that its -87% from ATH does not mean it can't go another -90% and than another -90%.

Have you heard of a trading strategy, that is based on getting into a coin at a lower market cap. $EPIC market cap is a little shy of $12m.

There are at least 2 000 coins with lower market cap than $Epic has.

For example this random pick from coinmarketcap - coin has 47k$ marketcap. (-99.6% from epic marketcap)
https://coinmarketcap.com/currencies/aditus/

You are correct that risk free doesn't exist. However the chances of BTC or Ethereum with marketcaps in the high billions and a track record of being deflationary in the last decade, I see the risk as being extremely low if you have the time to wait the cycle.

Altcoins with low marketcaps and low utility are more akin to gambling than trading. Yes you can make 1000x if you are lucky but (unless I'm mistaken) there's no good way to know which ones will succeed.

Also never risk 100%.

JW9494

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I just wanted to share this interesting statistic..

Over the last 12 months

Bitcoin BTC. -46%
Epic Cash. +80%
Ethereum ETH. -53%
PolkadotDOT. -71%
Binance BNB. -40%
Ripple XRP -64%
CardanoADA'. -69%
Solana SOL. -25%
Polygon MATIC. -73%
HEX. -64%
Grin. -83%
Beam -83%
Litecoin. -75%
Monero XMR. -58%
Zcash ZEC. -54%
DASH -76%
DOGE. -83%
Stellar XLM -67%
Avalanche AVAX +8%
ARRR. -90%

CoinGecko data @ 09:00PM EST June 14, 2022

Tytanowy Janusz

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But most people go to altcoins because they want to get rich quick which only pans out for a very select few...

Those who are here to get rich quick are the one that lose all their money.

We'll see... but from a risk reward perspective it's risk free at the expense of time.

Explain me please how its a "risk free" investment? You are risking 100% of your money that you plan to invest. Just like with every other investment. The fact that its -87% from ATH does not mean it can't go another -90% and than another -90%.

Quote from: Tytanowy Janusz on June 12, 2022, 01:21:04 AM

Have you heard of a trading strategy, that is based on getting into a coin at a lower market cap. $EPIC market cap is a little shy of $12m.

There are at least 2 000 coins with lower market cap than $Epic has.

For example this random pick from coinmarketcap - coin has 47k$ marketcap. (-99.6% from epic marketcap)
https://coinmarketcap.com/currencies/aditus/

Wilhelm

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Like I said, I am sitting in profit, bc of reasons not a chart.

"bc of reasons not a chart" Name few. Why this coin is better than 20k that already exist.

Quote from: Wilhelm on June 11, 2022, 09:11:10 AM

Can you say that you hit a 50x+? If so, good.

https://bitcointalksearch.org/topic/m.53299809

In this topic I was explaining why BNB is a great investemnt. It was 15$ back than. Its ~300$ now (x20) 660$ at ATH (x44). Its under x50 but if you add all lauchpads, lauchpools that you were able to take part in during 2 years period and dumped right after listing to BNB it would make it like x80.

In my thread you can see how I explain if something is good investment or not. Comparing to other coins, comparing to other investments (stocks), calculating p/e, calculating expected roi. Not "its good investment because its cheaper than it was during pump and dump event" like you did in this thread.

Want to only make 6x then just invest in the regular coins like BTC and ETH. These are about to go 6x because we are at our close to the bottom.

6x is back to ATH. I would not expect to see that soon.

We'll see... but from a risk reward perspective it's risk free at the expense of time.
But most people go to altcoins because they want to get rich quick which only pans out for a very select few...

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Like I said, I am sitting in profit, bc of reasons not a chart.

"bc of reasons not a chart" Name few. Why this coin is better than 20k that already exist.

Quote from: Wilhelm on June 11, 2022, 09:11:10 AM

Can you say that you hit a 50x+? If so, good.

https://bitcointalksearch.org/topic/m.53299809

In this topic I was explaining why BNB is a great investemnt. It was 15$ back than. Its ~300$ now (x20) 660$ at ATH (x44). Its under x50 but if you add all lauchpads, lauchpools that you were able to take part in during 2 years period and dumped right after listing to BNB it would make it like x80.

In my thread you can see how I explain if something is good investment or not. Comparing to other coins, comparing to other investments (stocks), calculating p/e, calculating expected roi. Not "its good investment because its cheaper than it was during pump and dump event" like you did in this thread.

Want to only make 6x then just invest in the regular coins like BTC and ETH. These are about to go 6x because we are at our close to the bottom.

6x is back to ATH. I would not expect to see that soon.

Wilhelm

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Want to only make 6x then just invest in the regular coins like BTC and ETH. These are about to go 6x because we are at our close to the bottom.

Tytanowy Janusz

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And, another positive is that it is only on two exchanges, Bitmart and Vite Dex.

2 exchanges with close to zero zero traffic.

When the network mining activity increases substantially, the price increases, occur.

It is the other way around. Price pump makes mining more profitable makes mines increase mining gear. Not the opposite.