ReddCoin - is it a good investment? ReddCoin VS Verge?

The Enoeht

full member

Activity: 190

Merit: 100

Quote from: CoinCollector006 on June 28, 2017, 06:53:48 PM

Quote from: The Enoeht on June 28, 2017, 05:14:29 AM

I have around 300k ReddCoins and 250k Verge Coins.

I believe in diversifying the wallet with different coins, you know the old saying "don't put all your eggs in one basket", etc.

However I am starting to become skeptical when it comes to the ReddCoin. There are 28,547,978,658 RDD in circulating supply and if I correct this number can increase? It is not a max supply, like in case of Verge 16,555,000,000 XVG. Which means it won't get more then that, which is good imo. That means for Verge coin to get to 1$ per coin, it needs a market cap of 16.5 billion, while reddcoin would need 28.5 billion, assuming supply doesn't grow even more.

What do you guys think, especially when it comes to ReddCoin?

Also I was thinking of selling half of ReddCoin and buying more Verge for long term investment? Good idea?

Thank you.

Hello Enoeht, I would advise you to keep both, but if you wanted to invest some of your BTC into only one, I would add to XVG since it has lower market cap, i started buying RDD at 5 sats and XVG at 8 sats. Both have their pros

RDD - has brand value, "the social currency" and growing transaction volumes, the brand alone makes this coin worth something
XVG - privacy coin, you can see the charts for Zcash, Monero, Digital Note; its clear investor fervor for encrypted private coins is very strong

Good comment, thanks.

CoinCollector006

sr. member

Activity: 350

Merit: 251

Quote from: The Enoeht on June 28, 2017, 05:14:29 AM

I have around 300k ReddCoins and 250k Verge Coins.

I believe in diversifying the wallet with different coins, you know the old saying "don't put all your eggs in one basket", etc.

However I am starting to become skeptical when it comes to the ReddCoin. There are 28,547,978,658 RDD in circulating supply and if I correct this number can increase? It is not a max supply, like in case of Verge 16,555,000,000 XVG. Which means it won't get more then that, which is good imo. That means for Verge coin to get to 1$ per coin, it needs a market cap of 16.5 billion, while reddcoin would need 28.5 billion, assuming supply doesn't grow even more.

What do you guys think, especially when it comes to ReddCoin?

Also I was thinking of selling half of ReddCoin and buying more Verge for long term investment? Good idea?

Thank you.

Hello Enoeht, I would advise you to keep both, but if you wanted to invest some of your BTC into only one, I would add to XVG since it has lower market cap, i started buying RDD at 5 sats and XVG at 8 sats. Both have their pros

RDD - has brand value, "the social currency" and growing transaction volumes, the brand alone makes this coin worth something
XVG - privacy coin, you can see the charts for Zcash, Monero, Digital Note; its clear investor fervor for encrypted private coins is very strong

Walkmooner

newbie

Activity: 4

Merit: 0

Quote from: IThoughtIKnewItAll on June 28, 2017, 05:55:14 PM

Long time ago, I actually bought a few RDDs during its initial coin offering phase

With the rise of june, I sold them all and don't plan on "getting back into" it. It took something like 3 years of holding to make a profit on the initial investment and it wasn't huge

You need a coin that at least has a good development team that brings new ideas to the market

This whole social media tipping thing never worked

With respect, that's not true. It just doesn't sound like your thing that's all. Steemit is currently doing extremely well. People also actively tip using PayPal on Twitch and some people are making ridiculous amounts for just live streaming video games.

People aren't thinking big enough. It's potential is not just as a tipping coin on social media. Sure, it allows for microdonations but Redd-ID will allow it to be used for anything. Think of a case use and you'll very likely be able to do it. We're being provided with a tool. It's up to us how we use it.

IThoughtIKnewItAll

newbie

Activity: 43

Merit: 0

Long time ago, I actually bought a few RDDs during its initial coin offering phase

With the rise of june, I sold them all and don't plan on "getting back into" it. It took something like 3 years of holding to make a profit on the initial investment and it wasn't huge

You need a coin that at least has a good development team that brings new ideas to the market

This whole social media tipping thing never worked

Walkmooner

newbie

Activity: 4

Merit: 0

Quote from: vlad06 on June 28, 2017, 05:31:44 AM

Redd Coin is nothing. It's a pump and dump, have you looked into any of the techs by the way?

You shouldn't be investing based solely on total supply and how cheap you can get them. The tech must matter and be relevant, with a potential future use case.

Sorry to sound rude, but that's idiotic. You obviously know very little about it. The future potential of Reddcoin is huge.

Walkmooner

newbie

Activity: 4

Merit: 0

Quote from: currypto on June 28, 2017, 08:54:22 AM

Quote from: The Enoeht on June 28, 2017, 08:47:04 AM

Quote from: isabella01 on June 28, 2017, 07:44:20 AM

Reddin isn't a bad coin. There have a lot of potential, however there are so many upcoming coins, who have just as much potential and why wouldn't you want to invest in those than storing all your coin in just one. Do your homework and see which one works best for you.

Such as?

Synero Amp, and Steem.it are the 2 big ones.

The 2 big ones? True but the irony is, you'll probably be able to tip people on these sites with Reddcoin haha.

Walkmooner

newbie

Activity: 4

Merit: 0

Quote from: Fantum on June 28, 2017, 09:52:24 AM

Reddcoin and verge are completely different. Why would you compare them? Verge is an anonymous coin, reddcoin is a tip coin for reddit. Reddcoin failed last year, and was recently revived, the developers are working on it but don't see it going anywhere near a dollar. You will be lucky to sell it for 160 sats again. Verge has some unique tech on their roadmap, developing new things for their coin in the coming months, it won't ever be a dollar either, but possibly 1000 sats.

You can’t have done much research into Reddcoin because it has absolutely nothing to do with Reddit despite the double d.

Reddcoin is to be used as a social currency for existing social networks, blog sites etc. The idea is that it doesn't need to partner or integrate with anyone or anything. It's an independent decentralised layer.

Redd-ID, to be released in Q3 of this year, is offering something that no other coin is. It allows you to use a handle-name instead of a complicated address (which is hidden) to send and receive coins quickly and easily. You will be able to tip anyone anywhere with a Redd-ID account. It doesn't have to be just social media - waiters, cam-girls, reality stars, charities…

So, do we use lots of different tipping coins each locked into a social network or just use Reddcoin and Redd-ID for everything? Hmm tough choice.

AleSergio

sr. member

Activity: 378

Merit: 250

BuyAnyLight - Blockchain LED Marketplace

As for me Verge is deffietly better, than reddcoin. Just because of better team and better project. Also because of big community behind it, i think it will take some time for verge to go up and bring a bigger profit, but it will happen for sure

shifty30

member

Activity: 126

Merit: 10

do some research and pick the project you like best and believe in most

Nahl

legendary

Activity: 1652

Merit: 1000

i was trade for reddcoin several years ago but i decide to leave them because the price was seems stuck but i just seeing the volume support for this coin and that was pretty good even the movement of the price seems to be bored to me because for 24 hours the movement price only approximately 72-75 satoshi per RDD but if your aiming is high profit i think it's very hard to get that from this coin unless there will be upcoming pumped but if may i to suggest that better sell half and buy another coin

cryptocan

full member

Activity: 122

Merit: 100

They are not comparable at all, I would bet on verge rather than reddcoin

The Enoeht

full member

Activity: 190

Merit: 100

Quote from: Fantum on June 28, 2017, 09:52:24 AM

Reddcoin and verge are completely different. Why would you compare them? Verge is an anonymous coin, reddcoin is a tip coin for reddit. Reddcoin failed last year, and was recently revived, the developers are working on it but don't see it going anywhere near a dollar. You will be lucky to sell it for 160 sats again. Verge has some unique tech on their roadmap, developing new things for their coin in the coming months, it won't ever be a dollar either, but possibly 1000 sats.

I think you are being very negative.
I wish you made a better argument on future of Verge, like some of the previous members have.

Quote from: ?? on ??

Quote from: The Enoeht on June 28, 2017, 05:14:29 AM

I have around 300k ReddCoins and 250k Verge Coins.

I believe in diversifying the wallet with different coins, you know the old saying "don't put all your eggs in one basket", etc.

However I am starting to become skeptical when it comes to the ReddCoin. There are 28,547,978,658 RDD in circulating supply and if I correct this number can increase? It is not a max supply, like in case of Verge 16,555,000,000 XVG. Which means it won't get more then that, which is good imo. That means for Verge coin to get to 1$ per coin, it needs a market cap of 16.5 billion, while reddcoin would need 28.5 billion, assuming supply doesn't grow even more.

What do you guys think, especially when it comes to ReddCoin?

Also I was thinking of selling half of ReddCoin and buying more Verge for long term investment? Good idea?

Thank you.

Hello The Enoeht Do you think about ArtByte (ABY)?

No, sorry. From what I can tell it seems similar to MusicCoin.

Fantum

sr. member

Activity: 420

Merit: 250

Reddcoin and verge are completely different. Why would you compare them? Verge is an anonymous coin, reddcoin is a tip coin for reddit. Reddcoin failed last year, and was recently revived, the developers are working on it but don't see it going anywhere near a dollar. You will be lucky to sell it for 160 sats again. Verge has some unique tech on their roadmap, developing new things for their coin in the coming months, it won't ever be a dollar either, but possibly 1000 sats.

currypto

full member

Activity: 196

Merit: 135

Sit back, relax, eat some nachos and have a drink.

Quote from: The Enoeht on June 28, 2017, 08:47:04 AM

Quote from: isabella01 on June 28, 2017, 07:44:20 AM

Reddin isn't a bad coin. There have a lot of potential, however there are so many upcoming coins, who have just as much potential and why wouldn't you want to invest in those than storing all your coin in just one. Do your homework and see which one works best for you.

Such as?

Synero Amp, and Steem.it are the 2 big ones.

The Enoeht

full member

Activity: 190

Merit: 100

Quote from: isabella01 on June 28, 2017, 07:44:20 AM

Reddin isn't a bad coin. There have a lot of potential, however there are so many upcoming coins, who have just as much potential and why wouldn't you want to invest in those than storing all your coin in just one. Do your homework and see which one works best for you.

Such as?

isabella01

newbie

Activity: 45

Merit: 0

Reddin isn't a bad coin. There have a lot of potential, however there are so many upcoming coins, who have just as much potential and why wouldn't you want to invest in those than storing all your coin in just one. Do your homework and see which one works best for you.

vlad06

sr. member

Activity: 537

Merit: 250

Redd Coin is nothing. It's a pump and dump, have you looked into any of the techs by the way?

You shouldn't be investing based solely on total supply and how cheap you can get them. The tech must matter and be relevant, with a potential future use case.

The Enoeht

full member

Activity: 190

Merit: 100

I have around 300k ReddCoins and 250k Verge Coins.

I believe in diversifying the wallet with different coins, you know the old saying "don't put all your eggs in one basket", etc.

However I am starting to become skeptical when it comes to the ReddCoin. There are 28,547,978,658 RDD in circulating supply and if I correct this number can increase? It is not a max supply, like in case of Verge 16,555,000,000 XVG. Which means it won't get more then that, which is good imo. That means for Verge coin to get to 1$ per coin, it needs a market cap of 16.5 billion, while reddcoin would need 28.5 billion, assuming supply doesn't grow even more.

What do you guys think, especially when it comes to ReddCoin?

Also I was thinking of selling half of ReddCoin and buying more Verge for long term investment? Good idea?

Thank you.

Topic: ReddCoin - is it a good investment? ReddCoin VS Verge? (Read 6784 times)