Topic: Potcoin. Interesting investment? Your opinion? (Read 517 times)

Exactly like I have been saying, there's really nothing that gives it any value except hype and the cannabis icon.

Also, Washington state is actually trying to make it illegal to buy cannabis with crypto https://www.coindesk.com/washington-lawmakers-are-trying-to-keep-bitcoin-out-of-pot-shops/ (Washington is one of the states that has legalized it), so if other states follow then it kind of kills the "buy weed with this coin" backing.

I dont know if this is a shitcoin or no and have will have technical advantage in the future. But im sure Marihuana will not be legalised soon on a federal level in the USA, if they woud think to this, they woud talk about it a long time ago. And i really dont see Trump or friends legalise this.
So the problem with the banks will continue to exist. So a cryptocurrency or another type off payement will be the solution. Certanly if BTC continue he's expansion and his market.

I see actualy he's pumping again..

Thanks for your opinions everybody! 

If it's legalized federally, this won't be an issue. They'll use banks just every other high profit business.

I don't see that it has any distinguishing features that give it a competiative advantage. It's a crypto for buying pot. Why should I use it over any other coin or fiat? If they can't come up with an answer to that question, it's not a good investment. When it's fully legal we can use any sort of currency. I'm pretty certain that this is a shitcoin that will fail.

Im curious how this will enfold when cannabis get legalized all over the world. As written above this comment, the main problem of cannabis retailers are the huge sums of cash and storing them safely, so a crypto solution is indeed a very good approach to solve that issue. But which one will be on top of the others? Cant tell now.

Potcoin is one of the coins that are using by buying and selling marijuana and its legal in Canada I think one reason why it pumps coz they studied bitcoin blockchain has a future and that's why they had an interest on this coin

Possible this coin or project is not great ( i dont know) , but my question is excatly what you write.. Will the legalisation have a positive effect on this coin or another coin..
Im sure the market will have a big influence on a coin. The question is "which coin".
Like traders is it not what we are looking for, a coin that for a reason will have a big pump. We only need one time big pump, to make a big gain. The coin made a x7 a few time ago, for the people they get in, this was what they where waiting for.
Off course like you said, if the project and team does not so much developing, it will not have a stabilised chart that go higher step by step. Like Ether, Neo..


No, thats the point. It seems those compagny have a serious problem with cash. They handle to much cash what's create to much risk. There cost for security woud cost them 30% off there budget.
One thing is sure , they will go to a digital easy payment. And it seem because it's still not legalised on a Federal level, the banks doest allow those compagny's like clients. I suppose there must be a insurance problem to.
So it's pretty sure there will be a digital currency that will be used. Even if it's not Potcoin, will it make gain with the hype??

Not sure about this.

Potcoin aims to be the payment method for legal marijuana(obviously) but i don't know exactly what they have done to make their coin special(such as smart contracts or whatever) and customized for the industry, apart from its name.

IMO it's more of a pump and dump coin. One of the oldest pump and dump coins that are still going, in fact.

There are lots of cannabis related crypto coins out there and from all of them, it seems like potcoin is the worst because it has always been a pump and dump coin. Just look at the charts. Big price movement then suddenly nothing for ages. Only when whales decide its ripe for pumping, only them it goes boom! Pump again then dump. Stay away from this coin if you can.

Potcoin is an old coin which wake up from grave yard. The fact potcoin is good coin with large community it was $0.001 now it will goes up and up. As log as btc grow it will also growth. Thats why i dont believe ico on cannabis or marijuana. Because i know we already have cannabis coin and pot coin. Why we build erc20 token and e already have potcoon with its own blockchain. My advise : buy some and forget it. I was hold 5k potcoin but forget to swap when it migrate to potcoin 2.0 now i start to accumulate it.

Exactly my point from above, it just seems like creating a cryptocurrency for the sake of it, there is no additional added value, I have yet to come across one such project that has been a success.

I'm wary of any coin that makes claims about linking to non-virtual goods.  This is a good example, why do I need a dedicated coin for cannabis trading, especially for legal trade?  I can use any other coin, or good old fashion local currency.

I think it is useless investment. Many many laws are coming front from developed countries to legalize and regulate marijuana/pot. Crypto is unneccessary for pot use. So I wouldn't invest.

The legalisation of marijuana in Canada could certainly have a positive effect on the price but that won't make it in to a good coin, really I don't see why you would need a coin for the sale and purchase of weed and so I would just avoid this one, with coins I always look for something that has a real world use.

Yes, you are right. This is another discusion, but im thinking more about a group that give analysis and serious technical analysis and information.
When i see a coin pumping for a new, the coin started to pump before the news break out. So its sure that there are people that have info before the common people have it.
I suppose the wales pay specialist that bring the latest news to there brokers. With the crypto that actally not is legalised and followed, the rich and wales can do what they whant and pay people that use any practice they whant..

Because trusting total strangers is a bit risky?

About the pump/dump stuff and certanly when "Whales" are creating those. I do not understand why comon investers like us, dont create more groups that help eachother.
There is a chinees or japanese proverb that said Something like "A litlle iron cable is not strong, but if you place hundred together, you create a solid cable".
In the future i woud like to join or create a investergroup that share information, so that we can eat "whale" somethimes.. ;-)

If you bring all litlle different information together you can finally have interesting information..

Yes there is no specific reason to use POT to buy weed instead of another coin.

It's just the name and the hype.

Yes POT is a pump and dump coin.

You can make good profit with it but be aware of what you invest in.

Thanks for your answers and sharing your opinion.


Yes, thats true, you are right about that pump/dump. Certanly for the vinctims that will be eaten by the wales with this kind off practice. Bt like Nathan047 said, if you invested into a coin, and this coin is pumped.. What can you ask more.. I think there is nobody that woud not selling with big gain, just because it's pumping.
But off course this kind off practice will not be good for the coin as a long time Investment.


This is my point. I think the law is voted and you find the info everywhere on internet. Marihuana will be legalised in July 2018 in Canada. You can read to on Forbes and other investmentsite's that there are already big investers that invested in this market. What is sure that we are talking about a billion market.
It's the same like they maded before a coin and they tell Alibaba will be created in july and that this coin coud be used like payment on this site.


Thats finally the question. i woud like to have a technical opinion. Do they have a good team with a solid roadmap? Off course, dont forget , they created that coin, a few years ago i can see, when there was not any question about a legalising in canada. So the "funny" litlle project coud became a big one this july.
And certanly if you see with this small off total coins.

Thats maybe the interesting, investing when the coin still didn't reach the hype. I talking about a not to big Investment. But that coud evantually explose in june/july..

For the moment i think POTCOIN is the oldest and with the bigest marketcap. So they have already a experience and even if ICO's are created i dont know if they woud have the hype before june/july. And i think POTCOIN will continue in same time to make publicity to that time.
If they are smart, with what is waiting it's now the time off there live. It's THE moment to work on the project. But if im wrong they allready have mobilewallets and they Producer and client can already work together. For users, if you can order from all North-America with your phone, and dont have problems on a Federal way, what can you ask more..
Snoop Dog, will even not neaded to come out off his sofa anymore.. ;-)

This is my own reflection and questions, off course, this is just my opinion and im not a specialist at all. In the Netherlands marhiuana is legalised and it's sure its a big market there, the country's around, go there to buy. So the coin or coins that will be chosen for this market, will make hughe gains.
I must said, when many charts are going down with BTC that certanly goes to the $10k cap , Potcoin is still going higher, those last days..

Why do you think only potcoin will benefit from Canada legalizing Marijuana, there are other ICO projects too that will likely take advantage of this opportunity too