Archived threads in /biz/ - Business & Finance - 5269. page

>>2127627
Bought 100k at 100sats, should I buy more 1BTC worth at this price? It's going to $2 right?

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I've called the pump twice on here and all people did was talk shit.

>>2127627

Am I the only one who isn't in DBG just for the pump & dump but actually believes in the product?

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 Steemit http://coinmarketcap.com/currencies/steem/ but for Russian users (Steemit is targetted at Englsh 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

Steemit 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 Steemit 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 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

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 steemit 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 Steemit - so $28 million (instead of the current $4 million)

Recent Steemit performance vs Golos vs alts

Golos launched on January 19 2017. Since this date, Steemit 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 steemit 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 Steemit price didnt move much. Then between May 5 and today May 18 Steemit 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.

>>2127542
well, if by "it" you meant tank, then there you go

>>2127721
Tank like a moon bound rocket.

>>2127739
head and shoulders pattern, just saying my bro

BitBean.

>>2127502
buy the fucking bean

>>2127503
im a bit retarded can i have a step by step on what this means and how do i achieve it

nope

>>2127432
same on poloniex. finally i'm gonna make some money from this coin.

Been watching since yesterday, famalam. Looking forward to it.

really regret not buying it when it was below $1 just a week or so ago.

>>2127392
It's consistently going up for a while, just let it do its thing, it'll be like ethereum, don't shill it

I bought 200 around 1.4. I'm in this shit for the long haul baby

>>2127290
Cryptos still have a long way to go, why cash out now when he can wait a bit more to be even more rich

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Crypto is going parabolic and you want him to spend 300K immediately on a depreciating asset? I like the Lambo meme too, but if I walked into a million crypto (cough DGB), I wouldn't buy a Lambo immediately. I would purchase a new stapler. Mine has been broken for the longest time.

>>2127290
only plebs think a million is a lot of money.

I'm a bitcoin multimillionaire but i'm not cashing any out until 10k or so. Even then I might hold on.

>>2127201
get some of them meme beans m8

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>>2127201

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>>2127201
I'm going ETH.

not anytime soon. were gonna be cruising in lambos on the /biz/ lake we all plan to buy houses on when we make it.

>>2127124
Yeah and it's great I just yolo this shit and refresh coinbase every five minutes. This started out as a goal to get 90 BTC to buy a fake ID; now I have money invested into BTC and ETH and I'm slowly approaching lambotown. what a fucking time to be alive.

>>2127124

It will end. But not before I buy a NYC apartment and a Lambo.

I hate myself now for not taking this meme more seriously

>>2126794
got in at 86 for 8k, so I'm literally going to make nothing off this. Being miserable is where I was

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>>2126812
THIS god dammit

what's gonna happen on monday?

>>2126798
Check Bitcointalk for your free fix of money.

They will be showing a lit of shit at Consensus.

>>2126798

syscoin.org/partnerships-and-syscoin-at-consensus-2017

Shut the fuck up with this bullshit. Every-fucking-day with this "Lamboland" fuckery.

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>dogecoin

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>>2126595
FOUND THE NOCOINER.
I'm not just holding this friendo.

But when this reaches a dime, I'll be a millionaire and you'll be working at walmart.

Stay wagecucked.

dont buy this ATH, it will "crash", so pick up the dip

>>2126354
You're 1 year late, retard.
I piss on your ass for all the "Russian scamcoin" "Ethereum is a Ponzi" "BTC forever king" anti-ETH FUD threads you started during one year and half.
Why should we help you?

>>2126354
No matter when you buy ETH you will make money in the long run, but for max gains buy the dip.

Nope. Just a consolidation. Base looks solid

>>2126352

yes, 10k% gain in a day, and it just dipped 3%

sell everything its over.

it was trading at 30 cents 2 days ago, the developer is releasing new website for token creation next week. I hope to GOD it fucking dips so i can get more. but yea, this is the board buying digibyte bitbean and reddcoin, not sure why im even giving a useful reply.

>>2126352

No, retard.

>>2126512

And yea, I hope that newbies act like newbies and sell everything so that we can get more cheap. Looks like people are buying up the cell orders too quick to get it any cheaper though I'm fucking pissed.

I bought 2000 PIVX at 15K. You think your bags are heavy?

>>2126303

is there any hope for this coin to bounce back? Thinking about buying the dip but the chart is looking scary right now.

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>>2126303
How much you holding? I bought at the ""dip"" when it was $1.70