Topic: Why I'm selling all my alt coins and putting everything into Golos - page 12. (Read 18437 times)
This coin is interesting I just knew that steeemit will be cloned one day and Russian is a good country to clone this project,but I hope they don't have the same features like steemit where only few people make big earnings fromtheir articles,will definitely look on this project,they could beat Steemit one day,who knows?
the steemit price depended on a bunch of whales pumping the hell out of it and gaming however you make money with views, i never bothered to find out. does this coin have the same? that's all that counts.
You earn Golos the same as Steemit, either through publishing your own content or curating (commenting / voting on other content). Golos is a fork of Steemit. Its similar but not the same. For example as I understand soon (from May 29 I believe) you will be able to edit posts on Golos that are more than 30 days old.
source - https://steemit.com/golos/@gliten/are-you-guys-at-all-invested-in-golos-why-why-not (I think this guy is invested in Golos too so do your own research
One of the things that really got my attention was how much more money you make as the value of the currency increases.
So if Golos increases in value 100% it means that anyone that earns money by posting content earns 100% more.
Compare this to Youtube. If you're videos earn $5 per 1,000 views, in order to earn $10 you need to double your views to 2,000. Thats much harder. With Golos you can double or more your earnings whenver the value of Golos doubles. Its massive snowball effect that encourages people to join the network and publish content.
What other crypto has a snowball effect like this? I can't find any
One thing to consider is platforms like Steemit need a userbase to thrive since a lack of activity is boring so it isn't just a linear calculation of this many users should equal a certain market cap. It is a compounding effect.
Yes good point. Unfortunately nothing in crypto is black and white. But if you look at the content of Steemit now vs even 4-5 months ago, its better.
Also, I've noticed on Youtube that some channels are encouraging people to subscribe / comment on videos through Steemit instead of Youtube. This has only started recently. Youtube have started filtering a lot of content and its really making a lot of Youtube channels angry.
My basic thesus is Steemit is go to growing but Golos will grow faster. We'll see...
im sure most folks will be sitting here saying "look at this guy trying to pump his coin/bag" and mabye you are BUT at least you have tried to back it up with info and links unlike most
its definitely an interesting pov you put forward, scholl!! as the vikings used to say
its definitely an interesting pov you put forward, scholl!! as the vikings used to say
fair point
Of course I have a vested interested as I decided to go so heavily into Golos. But thanks for the props on the data. I'm all ears if people try and justify crypto values with data. Too many people just come out with 'too the moon' bullshit without backing it up with sound reason - or any reason! 
the steemit price depended on a bunch of whales pumping the hell out of it and gaming however you make money with views, i never bothered to find out. does this coin have the same? that's all that counts.
One thing to consider is platforms like Steemit need a userbase to thrive since a lack of activity is boring so it isn't just a linear calculation of this many users should equal a certain market cap. It is a compounding effect.
im sure most folks will be sitting here saying "look at this guy trying to pump his coin/bag" and mabye you are BUT at least you have tried to back it up with info and links unlike most
its definitely an interesting pov you put forward, scholl!! as the vikings used to say
its definitely an interesting pov you put forward, scholl!! as the vikings used to say
I've come to the conclusion that Golos http://coinmarketcap.com/currencies/golos/ is massively undervalued. For this reason I've decided to sell all my other alt coins and put everything into Golos. Here's why:
Background
Golos is a fork of Steem http://coinmarketcap.com/currencies/steem/ but for Russian users (Steem is targetted at English speakers).
Its basically a social media platform where you earn Golos (money) for either writing articles or curating articles (upvoting etc). This is explained here https://steemit.com/faq.html#How_does_Steemit_work
Steem also has a large Wikipedia page
https://en.wikipedia.org/wiki/Steemit
My calculations
There are about 500 million native English speakers in the word, with another 510 million people speaking English as a second language - source https://en.wikipedia.org/wiki/List_of_languages_by_total_number_of_speakers (total of 1.01 billion speakers).
There are about 150 million native Russian speakers, with another 115 million speaking it as a second languge (total of 265 million speakers).
So there are roughly 3.8 times more English speakers than Russian speakers.
The market cap of Steem is currently about $212 million
The market cap of Golos is currently about $4 million
So the market cap of Golos is about 53 times smaller than Steem, but there are only 3.8 more English speakers than Russian speakers. All other things being equal the market cap of Golos should be 3.8 times smaller than Steem, so $56 million (instead of the current $4 million)
Steem is about 13 months old
Golos is about 4 months old
Obviously we need to consider the current number of users on both platforms when comparing price
https://golos.io/ and https://steem.io
Its an approximate calculation, but it appears currently Steem has about 5-10 times more posts, votes etc than Golos. So say an average of 7.5 more traction. So based on these numbers Golos should have a market cap 7.5 times less than Steem - so $28 million (instead of the current $4 million)
Recent Steem performance vs Golos vs alts
Golos launched on January 19 2017. Since this date, Steem has increased its market cap by 473%. However Golos has decreased its market cap by 7%. And since the same date, alt coins have increased 1262%
So basically Steem has underperformed the alt coin market, and Golos has totally underperformed the alt coin market since it launched.
The Ripple and Stellar effect
This is where it gets more interesting. Ripple shot up in value by more than 6000% between March and now.
Stellar Lumens are a fork of Ripple. Despite Ripple exploding, the price of Stellar barely changed until May 4. Between May 4 and May 18 it increased about 750%
Despite most alt coins exploding January-May, the Steem price didnt move much. Then between May 5 and today May 18 Steem has gone up 177%. Golos may well shoot up in value any time soon.
The Russian language opportunity
A possible reason why Golos has lagged the market is its an entirely Russian crypto. The majority of crypto investors (like you and me) don't speak Russian.
So when we visit a crypto coin website like Golos https://golos.io/ and see a bunch of Russian we pretty much rule out investing in it. We don't understand it!!
However think about it from a Russian crypto investors perspective. Most Russians don't speak English, certainly most don't speak it well enough to read/analyse English language focused crypto coin websites (basically most cryptos). NB think how hard it is to understand much crypto info when its written in your native language, never mind your second language.
Golos would be a much easier investment for Russians to make. They don't need to try and use Google translate etc to understand the offering.
Other factors
I first read about Steem about 6 months ago. I had a look, but to me the quality of the content was really poor and it didnt seem to have much traction.
However this is changing fast. For example this article https://steemit.com/cryptocurrency/@jrcornel/is-this-the-beginning-of-cryptocurrency-mass-adoption has earned more than $400 despite only being 1 day old! If this article was published 1 month ago (before Steemit shot up in value) it would only have earned about $100 in 1 day. Steem and Golos have an ingenius network effect.
Further, the main social media platforms like Youtube and Facebook have started trying to ban anti establishment content like https://steemit.com/money/@sgtreport/end-of-the-empire-bill-holter How dare anyone suggest the USD has problems, despite there being so much evidence that the USD as a world reserve currency is failing! This kind of big brother censorship on Facebook, Youtube etc is only going to make sites like Steem and Golos far more popular.
So in summary thats why I'm going to sell all my alt holdings and put them into Golos. I think its going to explode in value really soon.
Let me know you're thoughts. If you think I'm an idiot then please back up your viewpoint with data
Background
Golos is a fork of Steem http://coinmarketcap.com/currencies/steem/ but for Russian users (Steem is targetted at English speakers).
Its basically a social media platform where you earn Golos (money) for either writing articles or curating articles (upvoting etc). This is explained here https://steemit.com/faq.html#How_does_Steemit_work
Steem also has a large Wikipedia page
https://en.wikipedia.org/wiki/Steemit
My calculations
There are about 500 million native English speakers in the word, with another 510 million people speaking English as a second language - source https://en.wikipedia.org/wiki/List_of_languages_by_total_number_of_speakers (total of 1.01 billion speakers).
There are about 150 million native Russian speakers, with another 115 million speaking it as a second languge (total of 265 million speakers).
So there are roughly 3.8 times more English speakers than Russian speakers.
The market cap of Steem is currently about $212 million
The market cap of Golos is currently about $4 million
So the market cap of Golos is about 53 times smaller than Steem, but there are only 3.8 more English speakers than Russian speakers. All other things being equal the market cap of Golos should be 3.8 times smaller than Steem, so $56 million (instead of the current $4 million)
Steem is about 13 months old
Golos is about 4 months old
Obviously we need to consider the current number of users on both platforms when comparing price
https://golos.io/ and https://steem.io
Its an approximate calculation, but it appears currently Steem has about 5-10 times more posts, votes etc than Golos. So say an average of 7.5 more traction. So based on these numbers Golos should have a market cap 7.5 times less than Steem - so $28 million (instead of the current $4 million)
Recent Steem performance vs Golos vs alts
Golos launched on January 19 2017. Since this date, Steem has increased its market cap by 473%. However Golos has decreased its market cap by 7%. And since the same date, alt coins have increased 1262%
So basically Steem has underperformed the alt coin market, and Golos has totally underperformed the alt coin market since it launched.
The Ripple and Stellar effect
This is where it gets more interesting. Ripple shot up in value by more than 6000% between March and now.
Stellar Lumens are a fork of Ripple. Despite Ripple exploding, the price of Stellar barely changed until May 4. Between May 4 and May 18 it increased about 750%
Despite most alt coins exploding January-May, the Steem price didnt move much. Then between May 5 and today May 18 Steem has gone up 177%. Golos may well shoot up in value any time soon.
The Russian language opportunity
A possible reason why Golos has lagged the market is its an entirely Russian crypto. The majority of crypto investors (like you and me) don't speak Russian.
So when we visit a crypto coin website like Golos https://golos.io/ and see a bunch of Russian we pretty much rule out investing in it. We don't understand it!!
However think about it from a Russian crypto investors perspective. Most Russians don't speak English, certainly most don't speak it well enough to read/analyse English language focused crypto coin websites (basically most cryptos). NB think how hard it is to understand much crypto info when its written in your native language, never mind your second language.
Golos would be a much easier investment for Russians to make. They don't need to try and use Google translate etc to understand the offering.
Other factors
I first read about Steem about 6 months ago. I had a look, but to me the quality of the content was really poor and it didnt seem to have much traction.
However this is changing fast. For example this article https://steemit.com/cryptocurrency/@jrcornel/is-this-the-beginning-of-cryptocurrency-mass-adoption has earned more than $400 despite only being 1 day old! If this article was published 1 month ago (before Steemit shot up in value) it would only have earned about $100 in 1 day. Steem and Golos have an ingenius network effect.
Further, the main social media platforms like Youtube and Facebook have started trying to ban anti establishment content like https://steemit.com/money/@sgtreport/end-of-the-empire-bill-holter How dare anyone suggest the USD has problems, despite there being so much evidence that the USD as a world reserve currency is failing! This kind of big brother censorship on Facebook, Youtube etc is only going to make sites like Steem and Golos far more popular.
So in summary thats why I'm going to sell all my alt holdings and put them into Golos. I think its going to explode in value really soon.
Let me know you're thoughts. If you think I'm an idiot then please back up your viewpoint with data
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