Why I'm selling all my alt coins and putting everything into Golos - page 10.

gentil

full member

Activity: 122

Merit: 100

Quote from: ?? on ??

Booya playa!

Congrats on your 100% gain while STEEM rose only 10%

Don't hate the player...

thanks

Still early days though. Golos should be about 25% the market cap of Steem, so about $60 million odd.

The current Golos market cap is about $7 million. So there's still insane growth to come......

mbakruroh

sr. member

Activity: 658

Merit: 250

enterapp.io PRE-SALE IS LIVE

You must have your own reasons why you sell altcoin and replace it with golos as an investment. Maybe you feel you need another coin as a place of investment not just on one particular coin

gribble

hero member

Activity: 966

Merit: 552

Quote from: SwagGirl on May 19, 2017, 02:51:49 PM

Never put all of your eggs in 1 basket. That is one of the most basic rules of investing.

I agree with you because in all of instrument investments there is risk losing money we must manage the risk
not put all of money on one coin, although we have made analysis about the coin.
But actually there are no people who know about the future and what will happen in the future.

fortunecrypto

legendary

Activity: 2450

Merit: 1047

Quote

Let me know you're thoughts. If you think I'm an idiot then please back up your viewpoint with data

No you are not an idiot maybe you know the people behind this project and you are 100% trust them that they will do everything to make this coin on top,I have been to your shoes before on some of the early coin I've invested,but you will find that before you get rich to that coin,the coins that you sold could have make you rich much earlier than Golos.

missmarvel

full member

Activity: 157

Merit: 100

Your calculations do make sense in terms of Golos being way undervalued compared with Steemit (39x less today). Given that Golos is basically the same as Steemit but for Russians, it stands to reason that the price differentiation should be more like 4x as you say. I'm intrigued.

Whats an example of a Youtube channel pointing people in the direction of Steemit that you mentioned?

gentil

full member

Activity: 122

Merit: 100

Quote from: Pamadar on May 21, 2017, 10:35:03 AM

Quote from: coin-investor on May 21, 2017, 10:30:52 AM

I don't know but this is an idiot like thinking so many coins that could make a lot of profit,I know Golos is also good but how good compare to Bitcoin,Eth and Ripple and litecoin,putting trust in one coin is like an idiot .

likewise mate, there's a lots of coins out there and trusting all of your investment into one particular coin will let you risk your money
better to split it up and watch which is which that will make a good profits in return but it's still up to you OP just a matter of trust and
instinct.

Marc Cuban is worth $3.4 billion and says 'diversification is for idiots' https://youtu.be/u5Pp1HEKSPM?t=3m17s

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: coin-investor on May 21, 2017, 10:30:52 AM

I don't know but this is an idiot like thinking so many coins that could make a lot of profit,I know Golos is also good but how good compare to Bitcoin,Eth and Ripple and litecoin,putting trust in one coin is like an idiot .

likewise mate, there's a lots of coins out there and trusting all of your investment into one particular coin will let you risk your money
better to split it up and watch which is which that will make a good profits in return but it's still up to you OP just a matter of trust and
instinct.

coin-investor

hero member

Activity: 3024

Merit: 614

Leading Crypto Sports Betting & Casino Platform

I don't know but this is an idiot like thinking so many coins that could make a lot of profit,I know Golos is also good but how good compare to Bitcoin,Eth and Ripple and litecoin,putting trust in one coin is like an idiot .

thejaytiesto

legendary

Activity: 1358

Merit: 1014

Quote from: gentil on May 20, 2017, 10:15:27 AM

But pretty sure Steemit could detect the IP of the user and automatically translate all controls of the layout into whatever language the IP is from (or manually set it if you are using a VPN)

You could argue that there are social media like VK that are huge in Russia only, but this is crypto, maybe people don't want to be bothered with holding an extra token if Steemit can deliver the same service.

Based on that idea, why does VK exist - the biggest social media website in Russia? It has over 400 million users worldwide https://en.wikipedia.org/wiki/VK_(social_networking_website)

Why didn't Facebook just detect the IP address of Russian users and give them Russian controls?

Golos is gaining traction in Russia because its built for Russians by Russians. Makes a big difference.

[/quote]

Well I guess its all about network effect and it operates different in russia, so if golos manages to gain traction and find a niche within the russian market then it can have success in VK style.

Im staying out tho, i cant take more high risks for the time being, im already holding some bags and dont want to risk more btc.

bitbob82

hero member

Activity: 630

Merit: 500

Quote from: hheby on May 20, 2017, 06:28:40 AM

Even if I'm bullish on Golos, I don't think eggs should be put in one basket, so you should diversify your investment.

yes that is a wise decission, as i am very confident that the price of bitcoin is expected to increase, as still there is more potential in the price of bitcoin but still i am not going to put all my coins in one place. will like to put my coins in different places.

Ockin

newbie

Activity: 2

Merit: 0

Hey,

Sorry to ask a really stupid question, but what wallets are you using to store golos? Are they stored in steem wallets?

gentil

full member

Activity: 122

Merit: 100

Quote from: btbrae on May 20, 2017, 01:43:46 PM

Ehhh OP, never go full retard.

Although Golos looks to have better development and will probably overtake Steemit, which seems to have been abandoned on the development front as the founders seem to have all cashed out and moved on.

The idea was good, it just needs a good Captain.

I don't know if what you say about Steemit is true. If so it makes Golos look even more underpriced, as if this is the case Steemit has a market cap of $280 million without a development team, and Golos is only priced at $7.5 million with a development team

gentil

full member

Activity: 122

Merit: 100

Quote from: TheWallStreetCrew on May 20, 2017, 01:45:06 PM

Quote from: gentil on May 20, 2017, 11:18:02 AM

Quote from: looby on May 19, 2017, 11:28:44 PM

Because of your careful analysis, I decided to buy some fork coins for Russian Steemit Grin

Thanks for the props for my analysis Cheesy

It seems that there are many people that agree with me that its underpriced

The price is falling for the last few days. Falling in an up market at that.

Thats an awful attempt at a FUD

The market cap increased from $3.7 million May 18 to $7.5 million May 20 - screenshot http://prntscr.com/fa5lgj

So the price of Golos has increased 102% in only two days. In the same time period alt coins have gone up about 15.3% - screenshot http://prntscr.com/fa5o5m

Please explain your math?

TheWallStreetCrew

member

Activity: 111

Merit: 100

Quote from: gentil on May 20, 2017, 11:18:02 AM

Quote from: looby on May 19, 2017, 11:28:44 PM

Because of your careful analysis, I decided to buy some fork coins for Russian Steemit Grin

Thanks for the props for my analysis Cheesy

It seems that there are many people that agree with me that its underpriced

The price is falling for the last few days. Falling in an up market at that.

btbrae

hero member

Activity: 680

Merit: 500

Ehhh OP, never go full retard.

Although Golos looks to have better development and will probably overtake Steemit, which seems to have been abandoned on the development front as the founders seem to have all cashed out and moved on.

The idea was good, it just needs a good Captain.

gentil

full member

Activity: 122

Merit: 100

Quote from: looby on May 19, 2017, 11:28:44 PM

Because of your careful analysis, I decided to buy some fork coins for Russian Steemit Grin

Thanks for the props for my analysis Cheesy

It seems that there are many people that agree with me that its underpriced

gentil

full member

Activity: 122

Merit: 100

Quote from: alyssa85 on May 20, 2017, 10:22:51 AM

Golos is due a pump, that's for sure. But they're on Bittrex and it doesn't attract as many pumps as coins on Poloniex (though nearly dead coins like Reddcoin had a recent pump on Bittrex, so anything is possible).

If Golos could get themselves listed on more exchanges, they have more of a chance of being pumped.

I'm not so sure its due a pump, I more believe its simply undervalued. I believe the price will increase once people do the math and realize how undervalued Golos is vs other alt coins.

Also - Bittrex trading volumes have increased hugely during the past few months. I remember in early March 2017 Bittrex was doing about 2,000 BTC volume a day (when BTC was worth about $1,200).

Now Bittrex is doing about 35,000 BTC a day when BTC is worth about $2,000.

Thats a USD trading volume increase of about 30,000% in less than 3 months. There's no lack of volume on Bittrex

alyssa85

legendary

Activity: 1652

Merit: 1088

CryptoTalk.Org - Get Paid for every Post!

Golos is due a pump, that's for sure. But they're on Bittrex and it doesn't attract as many pumps as coins on Poloniex (though nearly dead coins like Reddcoin had a recent pump on Bittrex, so anything is possible).

If Golos could get themselves listed on more exchanges, they have more of a chance of being pumped.

gentil

full member

Activity: 122

Merit: 100

But pretty sure Steemit could detect the IP of the user and automatically translate all controls of the layout into whatever language the IP is from (or manually set it if you are using a VPN)

You could argue that there are social media like VK that are huge in Russia only, but this is crypto, maybe people don't want to be bothered with holding an extra token if Steemit can deliver the same service.
[/quote]

Based on that idea, why does VK exist - the biggest social media website in Russia? It has over 400 million users worldwide https://en.wikipedia.org/wiki/VK_(social_networking_website)

Why didn't Facebook just detect the IP address of Russian users and give them Russian controls?

Golos is gaining traction in Russia because its built for Russians by Russians. Makes a big difference.

thejaytiesto

legendary

Activity: 1358

Merit: 1014

Quote from: gentil on May 19, 2017, 01:21:21 PM

Quote from: ?? on ??

I just cloned the internet, do you want to cancel your regular internet and join the bananonet?

You can post in russian on STEEM too

https://steemit.com/@blockchained

You could post in any language on Steem or any language on any other social platform. Thats not the point.

Golos is Russian only - e.g. its all Russian, the user controls, interface, focus of stories etc.

Its far more attractive for the 260 million Russian speakers to use Golos vs another English centred social media platforms.

But because its Russian it hasn't had much crypto investment.

Look at all the crypto coins that have market caps of above $20 million and pretty much zero real world use. Most crypto coins aren't even used day to day, the price is pure speculation. Golos has a growing userbase, and its only 4 months old.

Many people who use Golos and Steemit didn't even know what crypto was before they started using the platform. How many crypto currencies can say this? I don't know of any others - feel free to correct me if I'm wrong

But pretty sure Steemit could detect the IP of the user and automatically translate all controls of the layout into whatever language the IP is from (or manually set it if you are using a VPN)

You could argue that there are social media like VK that are huge in Russia only, but this is crypto, maybe people don't want to be bothered with holding an extra token if Steemit can deliver the same service.

Topic: Why I'm selling all my alt coins and putting everything into Golos - page 10. (Read 18457 times)