Why I'm selling all my alt coins and putting everything into Golos - page 9.

Rahar02

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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

I hope you were right to put lots of your funds into golos coin, I just came to know about this coin, thanks for share and the data of course. Need more time to read about it and learn the market, whether it will be like your prediction or something else. How long you think it would be, like make you rich with your current investment if its going to happen with golos?

BitWhale

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Quote from: gentil on May 29, 2017, 11:15:29 AM

Quote from: BitWhale on May 28, 2017, 04:13:09 PM

Are you rich yet?

Live by the Golos, Die by the Golos! Cheesy

haha I like that!

Golos is my sword, I hope it doesn't kill me Cheesy

I'm not rich yet, but its going to happen with Golos

Well things are starting to rebuild, I doubt you will be killed when it's such a small marketcap anyways. Lots of opportunity if things play out right. Keep holding with conviction man!

gentil

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Quote from: BitWhale on May 28, 2017, 04:13:09 PM

Are you rich yet?

Live by the Golos, Die by the Golos! Cheesy

haha I like that!

Golos is my sword, I hope it doesn't kill me Cheesy

I'm not rich yet, but its going to happen with Golos

BitWhale

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Are you rich yet?

Live by the Golos, Die by the Golos! Cheesy

gentil

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Quote from: megashira1 on May 28, 2017, 03:09:29 AM

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.

No risk no reward my friend. Some of the greatest fortunes of all time have been made by people going all in. These people were visionaries and believed to their very core the success of said investments.

Seemed to work out pretty well for Roger Ver has it not? Still holding his 300 000 BTC through all these ups and downs.

The rule you mention is for those who take advice from others and cant think for themselves.

All in or all out; don't half ass something if you truly believe in it and are able to see the impact it can have on the world in the future.

thanks those are my thoughts.

The simple truth is, I did my research and believe Golos is the most undervalued crypto coin on the market. People laugh at me because its Russian etc others comment that I should not have all my eggs in one basket. Of course I understand this viewpoint, its normal investment advice. But normal investment advice doesnt get you rich quick.

If Roger Ver had visited an investment adviser, he would have told him to sell 95% of his bitcoins when the bitcoin price was $4 because of the risk and volatility. Diversifying makes you less likely to get rich.

If Roger Ver had diversified he would probably be worth like 95% less than he is today.

Getting rich quick isn't exactly a noble reason, but its my goal. Holding Golos will make me rich

xiaohang07

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Open and Transparent Science Powered By Blockchain

Need to be careful when you are all in a single coin.

megashira1

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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.

No risk no reward my friend. Some of the greatest fortunes of all time have been made by people going all in. These people were visionaries and believed to their very core the success of said investments.

Seemed to work out pretty well for Roger Ver has it not? Still holding his 300 000 BTC through all these ups and downs.

The rule you mention is for those who take advice from others and cant think for themselves.

All in or all out; don't half ass something if you truly believe in it and are able to see the impact it can have on the world in the future.

qiwoman2

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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?

gentil

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

no risk no reward. go for it man

thanks, my thoughts too.

Golos is nearly back to the pre correction price already. Most cryptos dropped more. I'm still feeling confident Cheesy

chutchmcgillicutty

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no risk no reward. go for it man

secretservice

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Maybe there will be some pump, but given the conditions in the alts market, I'd say it's an extremely risky decision to put some money into it.
Even coins with good fundamentals, like Monero, are falling in price.

missmarvel

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Quote from: gentil on May 24, 2017, 02:29:02 PM

Quote from: missmarvel on May 24, 2017, 10:26:12 AM

Ok I get it. Does Golos have any plans for an English interface?

If you don't speak Russian you can't exactly do any research on it as the website is all written in Russian. Its probably discouraging people from putting any money into it

No it doesn't have an English interface. If it did it would be called Steem and have a market cap of $300+ million Cheesy

Thats why I believe its so undervalued.

Look at the ratio of trading volume to market cap for Golos - screenshot http://prntscr.com/fbohsf

Its only doing $45,000 of volume, but has a current market cap of $10.7 million. That tells you that people holding Golos aren't selling - hence why its up 22% today.

Then look at of the large market cap coins like monero http://prntscr.com/fboj75

Its gained 17% today, but that gain required $90 million in trading volume, and the market cap is $800 million odd. So its trading volume was over 10% of its market cap, but still only gained 17%. That shows that there were a lot of people holding Monero that wanted to sell - ie a lack of confidence in it.

Golos is up 22% despite its trading volume being less than 1% of its market cap. Which shows people holding Golos don't want to sell. And if people don't want to sell, prices increase.

I'm more convinced than ever I made the right move selling every all my other alts and holding only Golos

I heard that the Monero pump a few days ago was the result of some kind of false announcement that Fluffy from Monero made. Its annoyed a lot of people in the Monero community. Apparently he did it as a joke but when people have a lot of money on the line its less funny Sad

Anyway I see your point about Golos trading volumes

gentil

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Quote from: missmarvel on May 24, 2017, 10:26:12 AM

Ok I get it. Does Golos have any plans for an English interface?

If you don't speak Russian you can't exactly do any research on it as the website is all written in Russian. Its probably discouraging people from putting any money into it

No it doesn't have an English interface. If it did it would be called Steem and have a market cap of $300+ million Cheesy

Thats why I believe its so undervalued.

Look at the ratio of trading volume to market cap for Golos - screenshot http://prntscr.com/fbohsf

Its only doing $45,000 of volume, but has a current market cap of $10.7 million. That tells you that people holding Golos aren't selling - hence why its up 22% today.

Then look at of the large market cap coins like monero http://prntscr.com/fboj75

Its gained 17% today, but that gain required $90 million in trading volume, and the market cap is $800 million odd. So its trading volume was over 10% of its market cap, but still only gained 17%. That shows that there were a lot of people holding Monero that wanted to sell - ie a lack of confidence in it.

Golos is up 22% despite its trading volume being less than 1% of its market cap. Which shows people holding Golos don't want to sell. And if people don't want to sell, prices increase.

I'm more convinced than ever I made the right move selling every all my other alts and holding only Golos

gentil

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Quote from: qiwoman2 on May 24, 2017, 10:53:14 AM

I personally would prefer to diversify my portfolio as much as I can and just hold bags for the next two years and retire. GOLOS in Greek means butt which is quite amusing but it sounds exotic anyway in English. Where can I get some of it as it has nice upside potential as you put it and plenty of room for capital growth?

haha really? Golos in Russian means 'votes' or something similar. Votes/butts - all good Cool

anyway for me Golos is high risk, high reward. Its up to you whether you invest or not.

If not enough people don't see how underpriced it is, then it might not be a good buy. Because its Russian most people don't even consider buying it.

But if whales realise that it should have a market cap of 25% that of Steem which would give it a market cap of about $75 million on todays valuations then it should be a good buy.

Obviously I think the risk vs reward is worth it, but its not for everyone.

qiwoman2

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Oikos.cash | Decentralized Finance on Tron

I personally would prefer to diversify my portfolio as much as I can and just hold bags for the next two years and retire. GOLOS in Greek means butt which is quite amusing but it sounds exotic anyway in English. Where can I get some of it as it has nice upside potential as you put it and plenty of room for capital growth?

missmarvel

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Ok I get it. Does Golos have any plans for an English interface?

If you don't speak Russian you can't exactly do any research on it as the website is all written in Russian. Its probably discouraging people from putting any money into it

avfcpieface

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Very interesting thread. Thank you for sharing.

gentil

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Quote from: missmarvel on May 23, 2017, 09:09:08 AM

Quote from: gentil on May 22, 2017, 01:38:53 PM

Quote from: missmarvel on May 21, 2017, 09:26:59 PM

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?

For example this Youtube channel https://www.youtube.com/watch?v=iz_NoTG9yYk - screenshot http://prntscr.com/fauu2b

There are 168,000 subscribers to this channel, and it's actively trying to get people to use Steemit instead.

I've seen other channels too, its a trend. Its helping Steemit and Golos grow in traction

So is Golos trying to compete with Youtube or any social network in particular?

Facebook, Youtube, Twitter etc are so big, I would have thought it would be hard to get users to use other networks, especially for as crypto currencies don't exactly have big marketing budgets

Golos isn't about trying to compete with any social network. Its not really a social network in the sense of Facebook etc.

Everytime you use Facebook, Youtube etc you are selling your eyeballs to advertisers.

All that content you publish on Facebook - you are selling your time for basically nothing! Facebook is selling YOU to advertisers, and what do you get in return? Nothing!

On Youtube, even if you run ads, Youtube keeps about 30% of revenue. Its an awful deal. AND its a bad experience for the end user as people don't want to watch adverts. Thats why ad blockers are becoming so popular.

The point of Golos is that it rewards you for content that you produce, and it doesnt annoy readers with adverts. There is no other network like it that rewards content producers so well financially, nor do you need to annoy readers running adverts. Thats why content producers are moving to it. Its a better experience for end users (no adverts) and better for content producers (they earn more money without annoying users with adverts). These are still very early days, which is why Golos is cheap.

Remember Golos has only been around for about 4 months.

missmarvel

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Quote from: gentil on May 22, 2017, 01:38:53 PM

Quote from: missmarvel on May 21, 2017, 09:26:59 PM

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?

For example this Youtube channel https://www.youtube.com/watch?v=iz_NoTG9yYk - screenshot http://prntscr.com/fauu2b

There are 168,000 subscribers to this channel, and it's actively trying to get people to use Steemit instead.

I've seen other channels too, its a trend. Its helping Steemit and Golos grow in traction

So is Golos trying to compete with Youtube or any social network in particular?

Facebook, Youtube, Twitter etc are so big, I would have thought it would be hard to get users to use other networks, especially for as crypto currencies don't exactly have big marketing budgets

gentil

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Quote from: missmarvel on May 21, 2017, 09:26:59 PM

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?

For example this Youtube channel https://www.youtube.com/watch?v=iz_NoTG9yYk - screenshot http://prntscr.com/fauu2b

There are 168,000 subscribers to this channel, and it's actively trying to get people to use Steemit instead.

I've seen other channels too, its a trend. Its helping Steemit and Golos grow in traction

Topic: Why I'm selling all my alt coins and putting everything into Golos - page 9. (Read 18453 times)