Topic: I just bet over half of my crypto money on this dark horse... (Read 845 times)

Let's face it and say that there are coins that are more in demand and have proven themselves in the market. It's still a risk to invest in a hexx, which can lead to a crash. Your desire is clear that it is better to play on a little-known coin, but sometimes it is not justified.

HEXX is doing very well indeed so congratulations for a great pick. There are so many privacy coins and their forks out there that it is hard to know which ones are going to be the top performers. Own small amounts of many including HEXX so hope most of those to do well.

You are absolutely right, this coin will start to pump up if it get the attention of people.

Curious if anybody here listened to my advice and bought some HEXX
Just wanna know if I helped anybody become rich 

Great idea!

I have bet 80% of my portfolio in $CBT


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I think the price of this coin is high now. Now if it cost 0.001$, then it would be easier for her to rise. I would recommend investing in coins to 1$. The price increase of x2 times at this cost is easy!

This coin is extracted only from the CPU. I tried to mine a few weeks ago - it's very difficult. I think the original coin (its lyra2z330) and it is quite possible to find its market niche.

It looks like that at 7$  the price was too way too pumped , and it has now stabilized around 2$. It's still a really nice increase of price since the OP post, and i can say that he wad right, this coin is really promising.
This coin will have another great increase in price before the hardfork with Bitcoin will happen, o i guess that it's not too late to make an investment now.

It is so nice to see a coin posted on bitcointalk becoming real and rises. I hope it won't be just pump and dump and keep going ahead. Added it to my watchlist, I may buy some in future, of course not in this price.

No chance I'm withdrawing a single dollar out of this coin. It hasn't even started yet!

Well, given the price surge since the OP, I no doubt think you'll be happy will your decision. 

Just curious, are you going to sell-off part of you holding to lock in profits, or are you going to let it all ride?

What is happening with this coin, $7 and going to $8, over 160% price growth in a day. Do anyone know what is particularly going on, if this were to be on  Yobit I would have said this is someone selling to himself just to create market attention but I don't think this happen on cryptopia. What a great pump in a current market state

Look at that 

What about all the reasons that I listed in the OP?
And that was even before I knew about the BitcoinZeroX Fork!
I like doubt because it keeps you from making mistakes, but when it's not founded it can also make you miss on opportunities.

why not talk about the reason for this choice? If you think that this project is very promising and you have the desire to invest and forever, then something in common is to convince you. Can you share the reasons that prompted you to make such a choice?

Good luck holding on to that. I am sort of envious of all thes privacy coin holders who find themselves up a lot suddenly. But also I am wary after my personal experience with Verge. Yes, I fell for the hype. Not too badly, sure, but I am in a slight loss buying at what I thought was the dip.

Noting also that you said "bet" and this is exactly what we do when we buy on these small value coins, gambling for their price to suddenly up. Good luck to you.

high-risk high reward u are gambling in big-time hope for the best all the best its good to trust one coin for ultimate riches

Intresting coin, low supply,  good price everything as I like. I think I will buy more maybe even start a node.

Honestly I think this coin does have a future, and the fact that the amount being circulated is not that much I assume this coin will soon increase its value bit only time will tell. And HEXX is undervalued right now but wait till this coin will be discovered by investors, it is actually a great coin. And it would be one of the coins I would invest too once I have the budget.

Well, looks like the hype has started, and I'm in the GREEN 
Funny this is if I had bought BTC or Ethereum I would've lost a good third-half of my investment.
Where as in HEXX, that "little, high risk" coin, I've made a 62.5% profit so far ...

The thing is that HEXX is totally undervalued right now. There is absolutely no hype at all. Just a lot of concrete work-in-progress.

Comparing Monero with Hexx about privacy is a matter of trust: I prefere open source with secure settings that even devs cannot counterfeit...

Talking about speculation: HXX supply 1.5M + market cap 2.9M + upcoming BTCX fork in Q3 (giving HXX the same importance of BTC as of the 1:1 airdrop) = no explanation needed, it is simple economics...

About BTC forks, I usually dismiss them, but this time is different: I think I'm going to enjoy this one... a lot!

This coin has pumped up big from its last month's low price of $0.17 and that too in this down market so that is impressive.
That said, investing half your portfolio in a single small marketcap coin is a very high risk gamble.

Yes you cant make bitcoin forks untraceable unless you do like ZCash with trusted setup. Not to mention huge RAM needed to send such transaction there.  Any developer claiming opposite is lying.  Just read what cryptographers write about it.

I struggle to understand how these products on anonymous coins can be valued so highly at the moment. Just to say, I only hold Monero, and a little bit of Verge (purely speculative, I do not think it will last), and yes. I get that all the other anon coins are more private, more technologically superior, and all that, but it is pretty pointless until it is needed.

I know! Get it cheap now and hold until it is needed two or three years later, but I prefer to stick to Monero - it already works, it can still catch up to the rest, it expands and improves as is needed, not as we think it may be needed.

Bitcoin fork by the way, I just automatically dismiss them.

I'm silently looking into hexx since the reborn ANN, and I feel everyday more confident about this coin.

Since then, a lot of work has been done and so many issues have been fixed. They were able to make a fork, update the core, implement masternodes, change the coin fund system and they actually succeded all this tasks in about two months (not to mention website, exxplorer, white paper...).

What I see now is a growing community focused on an ambitious plan: merging HXX with BTC, creating BTCX (with a 1:1 ratio airdrop). No need to explain how HUGE this could be...

Someone wrote that they don't have a product. According to me they are creating something that is really needed: a community driver, finally really private (zerocoin with the most reliable parameters), democratic (only CPU mineable), more scalable Bitcoin (2,5min x 4Mb block), with masternodes... This is light years ahead of the only one competitor (Bitcoin Private), and surely the first and only so far BTC fork that grab my attention.

I hope this community continue this great work as they did in this early stages... Stay focused guys and keep going!!!



PS: by the way, even if I agree with 99% of the original post, I think that owning 50% of the portfolio in an extremely low-cap like HXX is too risky, I will never suggest that... I strongly bealive that the only coin that deserves such treatment is BTC

A basic rule in investing is spreading your investments and not putting everything in one basket.
While the HEXX coin might have some nice features, I would not haven the same risk as you.

So you are saying that you invested over half of your crypto money into a coin which was already once abandoned by its initial team of developers and there is currently no working product to show. I very well know how this ends.

good luck but thats too risky for me to put 50% in a coin

The one thing I don't get from OP's post is why the heck new team of developers picked up an old project, but not developed their own. It's always a lot harder to read someone's code than to start from scratch

they certainly do have a future. it may be outside regulated exchanges though. i think anonymous coins will be the sacrifice demanded by regulators for exchanges to continue operating some day. it's a step further than they'll allow.

i hope i'm wrong but it's an easy way for them to erase the issues they keep whining about.

So at feb 28, you bought it for a cost of 0.00016 and now its at 0.0002? Well, It seems a pretty worth it to try coin. Not bad.
I don't see any reason why would the price go down except for the fact that those people on the rich list might be awake just to dump their stacks. (considering the very low price in the year 2017, it's already a big win for them - old hodlers)

Not 12 months. In Q3 2018 HXX will be merged with BTC during a fork. Every BTC and HXX holder will get the new BitcoinZeroX 1:1. I think, this will be the time, when all balls of steel get unloaded...
 

Good luck to you my friend! You have steal balls, nowadays volatility of cryptomarket is huge, you need to forget that  you buy this coin atleast on 12 month and then go back and watch the price. Time will tell...

In the electronic money market you have to accept the bet. You invest your real money to buy virtual currency and profit from those virtual currencies. At times it is like a game of winning a loser.

Wow I hope this pays off for you

Sounds like a risky move, hope that pays out well for you. On the other hand, there are many projects that are less risky... I'm geniunely curious why you went with this and more curious of why you took your time to explain your reasons to invest this elaborately... Looks like something smelly is going on here...

Invested under the same basis here as well.

Shiki0 is one of the devs (I think the main one) behind HEXX

Low supply and low price will be the best choice for us to start investing on it.
Never look into high supply and high price coin which will likely goes down. Its not about privacy or whatever coin but its about acceptance of investor.

If I see a pure RISK GAMBLE, this is one of them. 

No thank you, there are much safer coins out there.

I hope your investment is not that big to put half on this coin.  Good luck!

You are damn right!

For me every coin that is completely anonymous will have a bright future. Right now only Monero as privacy coins is being universally recognized but I'm sure that as more people get themselves involve in crypto, the more the will find that privacy coins is more adaptable to the prevailing trend of being anonymous. And HEXX having small amounts in circulation, sooner or later when people started to see it, will have a huge jump in prices.

Note: Article written on 28 February so some prices may have changed

I just did something that I thought I’d never do…

I’ve just bet more than half of my crypto money on one dark horse…


It’s HEXX.


I have never been an analyst or a financial advisor but I think it would be plain dumb not to do so at the moment. It doesn’t take a crystal ball to realize that investing in this coin right now will be extremely lucrative:

1-   HEXX is a zero coin that is focused on privacy. If the devs manage to implement zerocoin technology correctly into HEXX then this means it would allow anybody to transfer money to a recipient without leaving virtually any trace of the transaction (as claimed by he devs). More info about zero coin here: https://en.wikipedia.org/wiki/Zerocoin

2-   Only 1.5 million coins are currently in existence (28 Feb. 2018) and a rather small amount of these will ever be traded daily (for reasons you will read below) so the least influx of money into HEXX will reflect hugely on the individual coin price.

3-   It is very probably that thousands of the 1.5 mil HEXX coins are forever LOST.  For those who don’t know, HEXX was first introduced in 2015 and was recently picked by a new team of developers. This means that a lot of HEXX wallets have probably been damaged or abandoned by the owner who died or thought it was forever worthless. Take a look at the top owners here (https://chainz.cryptoid.info/hxx/#!rich ) and you will notice that most of the big whales haven’t touched their accounts in months or even years. They of course may come back to cash in at any moment. But even if 10% of them are unaware of the revival or have lost/misplaced their coins, then that would mean that thousands of coins are out of the game and this would constitute a reasonable percentage of the 1.5 mil coins.

4-   Mining results in only 576 new coins every day(as far as the devs have told me). That means that the amount of new coins joining the market every year will only be 200k, meaning they will do very little to dilute the price of existing coins. At this rate, it would take 40 years for all 10 million possible coins to be in circulation.

5-   Those who own large amounts of HEXX will have to keep holding 2000 HEXX coins each if they are to set an Xnode and get rewarded for it. So if only 100 people in the whole world decided to set xnodes this means that 200.000 coins will be “frozen” in xnodes and not traded in exchanges. That’s over 13% of all circulating coins at the moment!

6-   Unlike other Zerocoins like ZOIN, HEXX is not affected by the Zerobug which means that it retains its feature as totally anonymous. (As per the developers)

7-   I don’t know code but I have repeatedly heard from people not related to the project (or even opposed to it in one case!) that the code of the project on github is solid, which means that the devs behind the project are competent and know what they are doing.

8-   It has a nice, catchy name and cool logo design. HEXX is hexdecimal and it rhymes with sex! So it’s sexy electronic money and I like it! Take a look at the names of other coins traded today: Canyacoin? ToaCoin? Seriously?  Please don’t think my point is ridiculous. Never underestimate the psychological factor. Big companies pay top dollar to analysts and market consultants to repackage their products into the most appealing form possible and they locate a big budget for it because they know that the presentation is extremely important. I personally think that certain coins like electroneum would have never got where they are now if it weren’t for their tight names.

9-   The coins are so ridiculously and unjustly undervalued at this point. At the time I’m writing this (28/2) the individual HEXX is being sold for a pathetic $1.6. So if you fork out a miserly $1000 now that should get you 625 HEXX and if the coin reaches a market cap of ONLY 15 million that means that the coin will go up to $10 and you will make a cool %625 ROI. And if it goes to 30 mil then that ROI will double. Go ahead and visit coinmarketcap.com and take a look at coins with 30 Mil marketcaps. They are all worthless shitcoins and so easy to beat. I mean come on! Even BITCONNECT has a current market cap of 28 mil!! You think a privacy coin with 1.5 mil coins can't beat that?

10-   Now with the whitepaper coming out on the 1st of March and the forking to the new system taking place the next day I expect the price to SOAR to stellar heights.

But despite being extremely optimistic of this project I think it’s my ethical duty to also explain all the worrying things about HEXX:

1-   It’s not on major exchanges: Currently only on Yobit and cryptopia. I think this is the major reason why this coin is so undervalued, but if it grows to the point that it makes it to a major exchange then you may become a millionaire depending on how much you’ve invested in it.

2-   The current team of developers behind HEXX is anonymous. I told them that putting real names and pictures will help the project but they politely pointed out that privacy is their motto and revealing themselves would run counter to this. But after all, even Mr. Nakamoto himself chose to be anonymous….

3-   If HEXX will really manage to make it’s transactions totally untraceable then it will be a matter of time before it becomes the favourite form of payment for hackers and ransomwares. And if the name gets mentioned even once in a high profile criminal story then we will have a media circus and the governments will crackdown on it as an exceptionally dangerous crypto. However as new legislations are pretty slow to pass I don’t expect this to happen for another three years at least.

Conclusion: Buying HEXX at the moment is a no brainer and HODL strong as the price skyrockets more and more because you’re up for a treat!

Disclaimer: I obviously own HEXX but I have no connection whatsoever with the developer(s) apart from interacting very superficially with them here and on discord and I was neither asked nor promised a reward by anybody to write this opinion. I am NOT a financial advisor and my conclusions may be flawed. Trading is a highly risky activity so please do your own research and due diligence before making any financial decision.