XCP Counterparty is really cheap right now

kdrop22

full member

Activity: 238

Merit: 100

Quote from: HinnomTX on March 03, 2014, 06:08:52 PM

First, lemme state that I own XCP. Some myopic investors are selling their XCP to get an 8X-12X gain on their burned Bitcoins. I can't fault them for doing it, because they (and I) took significant investment risk on this protocol. We've even had security issues with the coin, now since resolved.

To be honest, I have sold just enough XCP to recoup my original investment, but no more. I suspect many others have done the same or dumped a lot more on the market for a quick Bitcoin. XCP has only been trading a few weeks, so selling pressure may continue until news comes out.

Because this protocol was just born (and it works!), it's pretty rough around the edges. No production GUIs exist yet, so you're looking at transactions on the command line. Once it gets a fancy front end, the game will change and Mr. Market will start to price Counterparty much more fairly.

Nice analysis.

jimhsu

sr. member

Activity: 364

Merit: 264

Hey, no need to pump. As one of the testers, I'll be the first to admit that barely anything works so far, and there is a lot of work to do. Online wallet? In progress. GUI? Alpha, in progress. Codebase is still very much in flux. Site still needs an entire refresh. Need more documentation. More services. More testers. More security penetration testing (which resulted in the hiring of 2 veteran bitcoin experts).

If you like the idea, buy it. If you don't, then stay out until it looks more promising.

coinsfuture

member

Activity: 109

Merit: 10

violent agreement, i like that Cheesy

HinnomTX

hero member

Activity: 525

Merit: 500

Quote from: coinsfuture on March 03, 2014, 06:16:59 PM

I agree with everything you said. But I am not pumping XCP, infact I have only mentioned 2 coins in the past 24hrs. 1 = XCP because of the technology and low price, 2= Mt.POOP, because it is protesting against Mt.gox, Mt.poop hasn't even launched yet, so what do i have to gain?

I don't make threads to pump coins. Just to relay interesting and maybe helpful information. XCP is less than 5% of my portfolio. XCP is a longterm hold for me, regardless of recent price flucuations.

Fair enough. We are in violent agreement then. Cool

coinsfuture

member

Activity: 109

Merit: 10

Quote from: HinnomTX on March 03, 2014, 06:08:52 PM

First, lemme state that I own XCP. Some myopic investors are selling their XCP to get an 8X-12X gain on their burned Bitcoins. I can't fault them for doing it, because they (and I) took significant investment risk on this protocol. We've even had security issues with the coin, now since resolved.

To be honest, I have sold just enough XCP to recoup my original investment, but no more. I suspect many others have done the same or dumped a lot more on the market for a quick Bitcoin. XCP has only been trading a few weeks, so selling pressure may continue until news comes out.

Because this protocol was just born (and it works!), it's pretty rough around the edges. No production GUIs exist yet, so you're looking at transactions on the command line. Once it gets a fancy front end, the game will change and Mr. Market will start to price Counterparty much more fairly.
In short, there's no need to pump it because this thing will sell itself. Just give it some time.

I agree with everything you said. But I am not pumping XCP, infact I have only mentioned 2 coins in the past 24hrs. 1 = XCP because of the technology and low price, 2= Mt.POOP, because it is protesting against Mt.gox, Mt.poop hasn't even launched yet, so what do i have to gain?

I don't make threads to pump coins. Just to relay interesting and maybe helpful information. XCP is less than 5% of my portfolio. XCP is a longterm hold for me, regardless of recent price flucuations.

HinnomTX

hero member

Activity: 525

Merit: 500

First, lemme state that I own XCP. Some myopic investors are selling their XCP to get an 8X-12X gain on their burned Bitcoins. I can't fault them for doing it, because they (and I) took significant investment risk on this protocol. We've even had security issues with the coin, now since resolved.

To be honest, I have sold just enough XCP to recoup my original investment, but no more. I suspect many others have done the same or dumped a lot more on the market for a quick Bitcoin. XCP has only been trading a few weeks, so selling pressure may continue until news comes out.

Because this protocol was just born (and it works!), it's pretty rough around the edges. No production GUIs exist yet, so you're looking at transactions on the command line. Once it gets a fancy front end, the game will change and Mr. Market will start to price Counterparty much more fairly.
In short, there's no need to pump it because this thing will sell itself. Just give it some time.

coinsfuture

member

Activity: 109

Merit: 10

Quote from: Magic8Ball on March 03, 2014, 04:55:36 PM

You should buy yourselves and then make a big profit.

Oh wait, you have already invested in it and are now unhappy with the current prices.

I have also invested in duckduckcoin, but you don't see me making threads about it. WHY? Because duckduckcoin is shit! and I will take a loss on it.

With all of the bad advice going around you should not be shitting on legitimate advice. Regardless of whether it is self interested or not.

XCP is a great technology, that is undervalued compared to its competition. I stand by that statement, If it isn't, then tell me why?

Stop thread crapping.

Alohaboy?!

hero member

Activity: 1050

Merit: 506

Quote from: Magic8Ball on March 03, 2014, 04:55:36 PM

You should buy yourselves and then make a big profit.

Oh wait, you have already invested in it and are now unhappy with the current prices.

nice said !

Magic8Ball

legendary

Activity: 1050

Merit: 1000

You should buy yourselves and then make a big profit.

Oh wait, you have already invested in it and are now unhappy with the current prices.

coinsfuture

member

Activity: 109

Merit: 10

At a 13million marketcap, XCP is trading for well under its value. Its not a common shitcoin, but a tech marvel with a built in decentralized exchange. it should be trading at NXT levels or higher

Buy it as poloniex to make a nice gain.

Topic: XCP Counterparty is really cheap right now (Read 634 times)