Topic: Why I'm selling all my alt coins and putting everything into Golos - page 11. (Read 18437 times)

thank you for noting my analysis 

I'm enjoying this thread. I put my investment thesis out in public and am getting both positive and negative feedback.

i hope you mean the headline to make your point not rly doing it, besides from that a high quality analysis that i agree on and wish there would be more of this on this bord besides shill and fud

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

Well, I was just saying that atleast with Synereo the money is coming from something that's actually considered of value (ad views, giving advertisers more sales). All Steem does is create coins out of thin air (which are supposed to suddenly have value, but really where does that value come from?? economically it makes zero sense lol) and then it's "users" aka "whales" get to chose who gets the new coins aka "their alt accounts/friends". The system is inherently flawed to begin with lol, where does the value come from?

Also, Why monetize social media? If the idea is that paying users means they will create better content, that's not true at all. If anything it's the opposite. I can promise the content I posted on Steem was not "better" by any means, It was more like fishing. I just kept posting shit until something finally paid off lol. If anything it increases spam/duplicate content, because after all, it's much harder to do something for free than it is under the guise of getting paid.

Steem makes no sense to me lol, it's a useless machine handing out coins that should technically have no value.

I don't think any of the social marketing coins are a very solid idea. I don't think social media should be monetized. But, at least Synereo is trying to tackle a verifiably profitable business model (FB/IG/SC/TWTR).

The comment about USD was because the average person would be like "wtf is an amp, and how do I get money out of it?". If you are targeting 250m Russians, the easiest path is going to win. If you have to teach every completely new user about bitcoin, exchanges, how to store/utilize this new currency, most people are going to just blow it off lol. Why not just pay in Fiat/Giftcards like all of the other pay-to-watch sites already on the market dominating the space if the true goal was mass adoption? (hint: the goal isn't mass adoption, it never is).

good luck though man, I'm sure it might pump well. I am just not seeing Steem's model as a sustainable one (well I suppose they can give out free coins forever, I just don't see them being valuable for long in that case)

Also, if someone powerful wants something down, it doesn't matter if it's on Steem, FB, Synereo, Reddit, 4Chan, and even with work, the dark web, they can and will get it removed. As for advertisers not wanting to advertise on their content, that'd be the posters loss for creating content that can't be utilized. This is the only business model where you are actually contributing to society... Instead of just spamming steem in hopes a whale will upvote your post so you get free coins... coins that no one paid for that should technically be worth nothing.

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

Because Golos looks so undervalued. There are many coins that have 10x or more during the past few months, even when they offer little that other currencies already do.

Golos offers something unique to 250 million Russian speakers that no other crypto does. The risk vs reward with Golos is far higher for me than any other crypto. Thats why I went all in on it

There so many coins out there do you think it make sense to just be in one. Diversity to at least 3 to 5 to be safe.

I dont think it would be difficult to out do steamit. Not saying it is a bad project. Its a great project that is unique.  Just saying there is a lot of room for improvement in execution.

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

I don't like Steem, because it's just arbitrarily handing out coins that should have no value. Someone once compared it to one of those machines where when you flip the switch on, a lever comes out of the box and turns the switch back off, and that's all it does lolol. It's very true.

That doesn't mean it might not pump though.

2 questions:

1. How large of a team is currently promoting Golos to the Russian market? Is it only in crypto related groups or are they expanding outside of BTCTalk?

2. Are they targeting only Russia? What percentage of Russians currently use social media and have an internet connection in their house? (honest question, I literally have no clue, I'd imagine the percentage is similarly high as UK/USA)

Since we already know that the system can be gamed by large coin holders and alt accounts effectively upvoting their friends/alts in order to create a continuous stream of new coins coming into their wallets. Have they done anything to prevent this? If not, what's to stop current Steem whales from taking some Steem, selling it, and buying a bunch of Golos to game that system too?

Steem to me is a turn off. Each time I see a Steem link, I know the OP is just trying to make money. This is the same reaction 90% of people outside of the crypto bubble have. It's just another advertisement to them, even if the content was created with good intentions.

Steem I've barely seen anyone talk about OUTSIDE of bitcoin related conversations. I've seen a few social marketers talk about it on Youtube, but I literally don't see anything even close to "mass adoption", so going by population is kind of a mute point. It's all about their marketing team and whether Russians will take to the idea.

It has some definite potential for a pump, but I definitely wouldn't be a long term holder. The system is flawed to begin with. At least Synereo uses ads to make revenue (but then why create an altcoin to pay out users? Why wouldn't you just pay in USD since the ads pay in USD? What stops the competition from taking Synereo's business model but paying in cash/gift cards like most GPT sites?)

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

I have been seeing this Golos coin from some days on livecoin and the price is fluctuating and I too feel it is undervalued. I have never thought of investing into such a coin but looking at the white paper Golos looks promising, but I would never put all my money into one coin. Its not how business is done.

If this project is the same as steemit or steemit crony then many of us who got discouraged on invest in steemit because it was design to favour few owners. Though I have not study golos white paper and do pray The God be with me if my mind is move to invest in this coin after study the white paper.

I believe its undervalued for the reason I listed in the OP. One of the reasons I think its undervalued is its focused on Russian speakers but most crypto money comes from the USA, Europe and Asia (where people don't speak Russian and hence so far havent invested)

I'd like to participate but they only use russian language and I'm not a Russian,so I cannot participate but I don't see why this coin will be a top coin overcome all the other coins with innovation and features so putting all your investment here is such a bad idea,you do not have an mind of investor.

I also own a small business, so its not like all my eggs are in one basket. Just lots of them 

Steemit is targetted at English speaking users, so all things being equal its unlikely Golos becomes bigger than Steemit. But I think it looks a better buy for my reasons listed above

Remember you should never put all your eggs in one basket, you probably should only move like 5% of your portfolio into any coin, but it's your money.

Good luck.