Topic: Ravencoin halving (Read 327 times)

The best price will be before this last push on btc, forget about everything going to hehel and only ravecoin going up like crazy, that never happened to any coin, need to be realistic here, investors know this, yeah it can go down drastically up to 40 times and then up a little by 5 times and then crash up to 10 times again, bullrun done, everything done.

I think that you don't need to sell all the mined coins. You need to agree with yourself that you will not sell 30-40% of the coins before the halving and will keep them in anticipation of the best price

The reality here is 99.9% of altcoins have no liquidity at all in the bear market, besides xmr and eth and in some cases btc, other coins have no usage whatsoever, reason coins once the bull market ends crash drastically, no usage, no hype, nothing, stay there until the next idiot grab money happens, so reason too coins crash 95 to 99% once the bull market is done for, because only ones selling will be miners to cover bills and investors know this and they dont rush buying coins.

So pay attention, that only coins with usage will fare better once all crashes, so coins like ergo, ravecoin, doge and others will crash so hard that will make you lose a lot of money overnight and will never regain that value until the next money grab idiot wave.

So want to keep holding coins and not lose much? think about long term? you will have to hold btc and only btc, now if you want to play the market then by all means keep all in usdt or usdc and then buy back once most altcoins crash 99%, buying now and holding long term is stupid, you must never hold crypto long term if you want to make most of it, buy and sell and time the market, do not be a stupid bagholder blaming others for your own decisions once this crashes to hehell, or when is hehell stage and it goes very fast and high, and you did not buy early, same thing, do not blame others you have not bought when it was cheap. Play both ways and be a winner.

ERGO claims fair-launch/no ICO or pre-mine but then takes a developer tax from the block reward which is essentially the same thing and a troubling point of centralization. Not to mention incredibly misleading.

ERGO is a smart-contract platform in an industry filled with literally thousands of smart-contract platforms (most of which are better known and have VASTLY greater adoption/ecosystems).

ERGO has one pool (nanopool) with over 60% of the nethash for literally months. Almost half a year if not longer. This is incredibly troubling as nanopool could decide to act maliciously at any moment and irreparably damage the network. The devs are well aware of this but choose to do nothing about it despite having the funds to remedy the situation (remember they take a percentage of each block reward). They even go so far as to dismiss this as a non-issue which anyone that understands this technology knows is ridiculous and outright dangerous.

ERGO has very little liquidity. Not on many exchanges. Not on any of the large exchanges. Global daily trade volumes are usually only a couple hundred thousands of dollars. Not only is ERGO more prone to flash crashes, but it simply cannot support a large number of industrial (not speculative) miners since the liquidity to sell isn't there nor are there futures instruments to properly hedge.

RVN is a truly fair-launched and decentralized project with a unique usecase run entirely by volunteers. It has an active and engaged global community, a true cypherpunk ethos, and builds on proven technological and blockchain concepts to address a specific problem.

Well my own advice is if you are buying graphic cards make sure they are the types that works very well for other algorithms and not those that will become useless once Ethereum goes away, this is why I'm buying Vega 56 right now thanks to ergo, Vega cards are the queen of ergo mining

What about good old vertcoin? Well worth a mine and hold

I'd leave ravencoin for ergo because of electricity consumption and also less utility, have you try to compare ergo utility to ravencoin? You will see clearly that ergo is worth mining and hiding than ravencoin, between this two ergo will add more value better than ravencoin

If there was an attack, the network did not have enough people to mine!
But hey, you say that but we saw very clearly when ETC took + $ 80 all the little world of RVN is thrown on ETC ...
RVN consumption level we are not really up to date either

110w ETC / ETH
150w RVN

with how many times it was attacked with 51% attack, maybe people will think twice before mining them. sure, more gpus and hashrate means it will be harder to do it again, but the image of the coin is already that bad for regular users. maybe mine both of them (etc and raven) at the same time if you have the rigs to do so to reduce the risk.

january 2022 is a long time way to go, forget about its halving in hopes to influence the current price, that will not happen, focus on the bear market that is coming this year, my point is, do not miss this last btc and altcoins pump, so make a plan to sell any altcoin when btc hits around 79k then call the day.

Ethereum proof of stake is not coming anything soon, this is what the news said yesterday and that's what I've been looking forward to, Ethereum Devs are very good at postponing forks but it's going to favour miners on the long run

except that there is ethereum classic which also has potential

Ethereum promises to switch to POS mining in early 2022 and additionally Ravencoin will have halvig
Of course, for so many GPUs that stop mining Ethereum, this event won't do any major damage. Probably a little more video cards will be sold in the secondary markets

Many think this coin has potential and in fact I have seen people switching to this coin from Ethereum although they have cards able to mine Ethereum.I think they see the potential to this coin and I am also thinking of switching if things do not go well with Ethereum in August with the London fork coming.Imagine if this coin goes up like Cardano for example and surpasses the 1 USD value,people who are mining it now will be extremely happy at that time.I am mining it with just 2 low end cards right now but I hope to be one of the happy persons at that time.

Let's talk about next RVN halving, I can see that while BtC goes under 30k this coin still maintain 0.06$, it's like many are preparing for the halving which will take place in January 2022 and mining reward block will be lower, 🤔 I think ravencoin is a good alternative if you missed out on BTC mining