Why I'm selling all my alt coins and putting everything into Golos - page 8.

gentil

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Quote from: TGJJ on June 08, 2017, 08:10:31 PM

Credit to the OP of this thread. The price of Golos has increased 380% since the original post was made on May 18.

During that time the combined alt coin market is up only 71%, so the belief that Golos is underpriced seems to be true

thanks

Interestingly also is that since I made the OP on May 18 Steem is up 189% too.

Sure not as much as Golos, but both coins have really outperformed the market recently.

I think they are getting more investment because they actually have traction and its growing - ie people using them how they are designed, instead of their price being pure speculation.

As crypto markets increase in value I believe coins that actually have some traction are going to get more investment. And there are currently very few cryptos with traction

TGJJ

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Credit to the OP of this thread. The price of Golos has increased 380% since the original post was made on May 18.

During that time the combined alt coin market is up only 71%, so the belief that Golos is underpriced seems to be true

gentil

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Quote from: Lankster on June 06, 2017, 07:28:04 PM

Good work in finding a bargain...

But to just assume that Golos will work with Russians as Steem it has with English users is pretty damn foolish.

I'm not assuming. I can see for myself that Golos is gaining popularity by looking at the number of posts, comments, curators etc. Same as I can see with Steem

Golos is a much safer bet than other alt coins that have zero traction anywhere yet have market caps above $200 million based on pure speculation

Lankster

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Good work in finding a bargain...

But to just assume that Golos will work with Russians as Steem it has with English users is pretty damn foolish.

Dont put all ur eggs in one basket friend.

BitWhale

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Quote from: gentil on June 06, 2017, 02:06:17 PM

Quote from: thompshma on June 06, 2017, 10:49:16 AM

What do you think is the ceiling in the next few months?

There is no ceiling whilst the platform gains increasingly large numbers of users.

Just look a Steem today - screenshot http://prntscr.com/fgoecn

This post has earned nearly $5,000 and it was only posted yesterday https://steemit.com/blog/@darthnava/fellow-steemers-i-need-help-as-my-mri-results-are-not-encouraging

People are starting to earn $1,000 plus for posting content!

I've never see high engagement levels. Don't forget Golos has only existed since January 2017

Steem is up more than 50% today. I'm thinking of getting a bank loan to put more into Golos.

Only get that loan if you are willing to pay it back if things go south. I've known a few people that were "so sure" litecoin was going to $200 back in 2013 and took out a mortgage on their house. You can guess how that went.

So all I'm saying is, just make sure the risk matches the reward. Don't do anything crazy Tongue

gentil

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Quote from: thompshma on June 06, 2017, 10:49:16 AM

What do you think is the ceiling in the next few months?

There is no ceiling whilst the platform gains increasingly large numbers of users.

Just look a Steem today - screenshot http://prntscr.com/fgoecn

This post has earned nearly $5,000 and it was only posted yesterday https://steemit.com/blog/@darthnava/fellow-steemers-i-need-help-as-my-mri-results-are-not-encouraging

People are starting to earn $1,000 plus for posting content!

I've never see high engagement levels. Don't forget Golos has only existed since January 2017

Steem is up more than 50% today. I'm thinking of getting a bank loan to put more into Golos.

ppc.pt

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Quote from: gentil on May 18, 2017, 05:21:06 PM

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:

Good luck with that...

P.S.: Always diversify

thompshma

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What do you think is the ceiling in the next few months?

gentil

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Quote from: alyssa85 on June 05, 2017, 10:05:37 AM

I think when you first opened this thread, Golos was at about 2000 satoshis - it's now at 5700 satoshis. So you've almost tripled your money. Well done!

thanks, but it is still very early days

Steem is still 21x the value of Golos when it should be 4-5x from my calculations in the OP

The risk/reward of Golos is still much higher than any other crypto coin I see, which is why I remain 100% invested in Golos only Cheesy

gerad09

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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.

True, better invest in atleast 3-5 coins because then it's more chances to make it to the Moon Cheesy

alyssa85

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I think when you first opened this thread, Golos was at about 2000 satoshis - it's now at 5700 satoshis. So you've almost tripled your money. Well done!

gentil

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As I predicted in my OP, Golos is steadily catching up on Steem

As of June 5 it is currently 5% of the market cap of Steem (still way below the 20-25% it should be)

Daily trading volumes of Golos have never been anywhere close to this high.

The past 24 hours trading volumes hit $155,000, nearly 3x higher than the previous spike a few weeks ago

Remember that this year Golos has underperformed the alt coin market.

It hit $10 million in February briefly, and is currently priced at $19 million. Some alt coins have gone up 50x or more during the past 4-5 months, where as Golos is up only 2x. Thus I still feel the potential downside of Golos is much lower than most other alt coins as its not in a huge bubble, whilst its potential upside is higher due to the Steem price mismatch.

gentil

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Quote from: alyssa85 on May 30, 2017, 08:04:53 AM

Quote from: qiwoman2 on May 28, 2017, 12:47:32 AM

Can you Guys tell me where GOLOS is traded and if there is an OP for it even though it's a Russian coin? I wouldn't mind buying a little stash and forgetting about it for a year or so. I am more of a person who likes to baghold something for long term.

Do you think there will be an English interface added also?

It's traded on Bittrex:

https://bittrex.com/Market/Index?MarketName=BTC-GOLOS

until recently there appeared to be the idea that coins needed to be traded on Poloniex to make it big. Maybe this held some truth a while ago, but certainly not anymore. Bittrex does daily volumes of 34,000 btc currently, and its been has high as 50,000. Up from only 2,000 in February 2017.

Large coins like Waves arent on Poloniex have markets caps of several hundred million USD

For Golos to reach $60+ million I dont think not being traded on Poloniex will matter

alyssa85

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Quote from: qiwoman2 on May 28, 2017, 12:47:32 AM

Can you Guys tell me where GOLOS is traded and if there is an OP for it even though it's a Russian coin? I wouldn't mind buying a little stash and forgetting about it for a year or so. I am more of a person who likes to baghold something for long term.

Do you think there will be an English interface added also?

It's traded on Bittrex:

https://bittrex.com/Market/Index?MarketName=BTC-GOLOS

gentil

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Quote from: Rahar02 on May 30, 2017, 12:17:16 AM

Quote from: gentil on May 29, 2017, 06:34:52 PM

Quote from: Rahar02 on May 29, 2017, 11:40:38 AM

How long you think it would be, like make you rich with your current investment if its going to happen with golos?

Good question. I think if this current crypto bull market continues then the market will realise soon enough that Golos is undervalued. Maybe 1-2 months.

However if we enter a bear market then btc and most alt coins will correct sharply including Golos, and I don't think the Golos pump will happen during this time. What do you think?

if you don't mind, may I ask how much your investment in golos? maybe just say around $5,000 without exact number. And how much I have to invest which could make me at least closer to become rich? Grin

I've got significantly more than $30,000 in Golos, thats all the cash I have.

I don't know how much you could invest, it depends on your definition of being rich

N.B. Investing is your decision, not mine! All crypto currencies btc included carry significant risk. But no risk, no reward Cheesy

gentil

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Quote from: Patinix on May 29, 2017, 06:37:54 PM

OP, do you still believe in this - and is it too late to invest?

On my calculations its still very early.

The market cap of Golos is still only 8% of Steem, when I believe it should be 20-25%

Rahar02

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Quote from: gentil on May 29, 2017, 06:34:52 PM

Quote from: Rahar02 on May 29, 2017, 11:40:38 AM

How long you think it would be, like make you rich with your current investment if its going to happen with golos?

Good question. I think if this current crypto bull market continues then the market will realise soon enough that Golos is undervalued. Maybe 1-2 months.

However if we enter a bear market then btc and most alt coins will correct sharply including Golos, and I don't think the Golos pump will happen during this time. What do you think?

Yeah, as bear market could emerge at any time but if golos really has potential then it should rise.
About how long, I think you already stated it ; So the market cap of Golos is about 53 times smaller than Steemit, 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 Steemit, so $56 million (instead of the current $4 million)

Steemit is about 13 months old
Golos is about 4 months old

Which means 13-4 = 9 months, consider how a coin could grow based on market movement and demands, at least you should wait for 9 months later (like waiting for the birth of a child, but here for your wealth).
But it may depend on your funds that has been invested, if you don't mind, may I ask how much your investment in golos? maybe just say around $5,000 without exact number. And how much I have to invest which could make me at least closer to become rich? Grin

Patinix

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OP, do you still believe in this - and is it too late to invest?

gentil

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Quote from: Rahar02 on May 29, 2017, 11:40:38 AM

Quote from: gentil on May 19, 2017, 09:00:41 AM

Quote from: pedrog on May 19, 2017, 08:19:00 AM

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.

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

How long you think it would be, like make you rich with your current investment if its going to happen with golos?

Good question. I think if this current crypto bull market continues then the market will realise soon enough that Golos is undervalued. Maybe 1-2 months.

However if we enter a bear market then btc and most alt coins will correct sharply including Golos, and I don't think the Golos pump will happen during this time. What do you think?

death69

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Quote from: chutchmcgillicutty on May 25, 2017, 10:38:21 AM

no risk no reward. go for it man

I agree with you. The more risk you take, the more profit you can earn. A little lose will give your more experience in this field

Topic: Why I'm selling all my alt coins and putting everything into Golos - page 8. (Read 18457 times)