[Bill Brasky]

(01-10-2018 05:07 PM)westcoastlink Wrote:  

Ended up grabbing some XRB for $25 a pop when it consolidated on kucoin. Will be watching it moon when it reaches binance soon, then getting dumped hard. Will probably buy back in when it gets dumped.

It took a dump on Kucoin. It will likely take a dump on Binance as well. I'm doing this for a long term hold though so I don't care. They will be rebranding to Nano and get a different logo and likely a sexier webpage. After that it won't sound like a children's toy and will likely see some serious action.

[SamuelBRoberts]

It's a 3 billion dollar coin, what kind of "serious action" are you expecting?

[aeroektar]

When the network is running optimally there's no reason this shouldn't at least make it into the top 5. Top 3 by the end of Q1 would not surprise me at all.

[RedPillUK]

Top 3 or 5? The way I see it there already is a top 5-7 coins, which are the ones you can buy with cash. Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin and even Dash. Then there are other coins it will have to get ahead of like Cardano, IOTA, Stellar, NEO, Monero, ICON. It would have to beat all of those except Bitcoin and Ethereum to be in the top 3.

I have a lot of this coin too, but isn't it overhyped? It came out of nowhere to 16th place and is now around 20th place. Could it have grown too quickly?

[SamuelBRoberts]

There's good support around the 30 cent level.

[RedPillUK]

(01-13-2018 02:18 PM)SamuelBRoberts Wrote:  

There's good support around the 30 cent level.

Funny, but you've been harsh and dismissive about other coins before which have done well.

(09-20-2017 03:25 AM)SamuelBRoberts Wrote:  

I don't want to be a dick, but since actual money is on the line here, I'll say I would be super cautious about taking long-term investment advice from anybody who's heavily invested into IOTA. That thing is kind of junk. It's not the WORST buy in crypto right now, but it's somewhere in the bottom 20% of the high volume coins (Not gonna count shit like HTMLCoin, ArticCoin, INSN, NMR, or stuff like that, there's a whole universe of terrible cryptos out there.). IOTA is like BANCOR/Stratis level bad.

It wasn't even a year ago (maybe 8/9 months ago?) that you were a newbie asking questions in the Bitcoin thread, a week later you were using all the trading lingo, posting dollar cost averaging datasheets.

Already, you're now confident enough to call coins junk, even though you've been badly wrong before, and to call out others on their track record.

(12-23-2017 12:26 PM)SamuelBRoberts Wrote:  

What's your track record with predicting ICOs, Maciano, that you would feel comfortable telling people to spend money on these things?

(12-23-2017 02:32 PM)SamuelBRoberts Wrote:  

I told myself I would stop arguing with people about silly cryptos (I'm getting a bit sick of them), but since you asked, it's worth pointing out that Samseau doesn't actually know anything about how to analyze crypto prices or potential, so you might do better to address your question to someone else.

XVG has been around since 2015. They are, for this space, ancient, and they're not arriving "late in the game". (This could've been confirmed by a quick trip to Coinmarketcap, do you know how to use that, Samseau?)

They are not a pump and dump, because P&Ds in the billion dollar marketcap range are mostly unheard of. You just can't move that kind of money around easily. Once something gets up there, it tends to stay up there. XVG's current mcap is 3.4 billion, making it twice as big as forum favorite OmiseGo, and bigger than Monero was at the start of this month. What's more, the google trends for "buy verge" versus "buy monero" are off the charts, with "buy verge" winning out by THREE TIMES. (Did you think to look at the google trends, Samseau?)

They have the technically innovative "Wraith Protocol" coming up, which Samseau somehow missed. (How the HELL did you miss that, Samseau? It's huge.) The merits of the Wraith Protocol are beyond the scope of this post, but just know that it's a big, privacy-focused technical upgrade that is unique to Verge, and also has a cool, catchy name.

Samseau: You screwed up the coin's age. You screwed up the coin's features, including basic info that every amateur on 4chan and reddit knows. You screwed up the significance of its marketcap. Instead you focused on goofy irrelevancies like whether the original codebase was cryptonote or bitcoin. I don't think you got a single thing right in your post. Why on Earth do you feel you're qualified to be giving advice to anybody?

This level of arrogance after not even a year in the game is something you should be careful of.

[SamuelBRoberts]

Well, it's certainly possible that I'm talking out of my ass. So let me run you through my reasoning instead.

First, Raiblocks google trends is pretty dire. I wish I could embed google trends, but it doesn't have an option for that. Raiblocks trends peaked around December 31st (Roughly the same time as the price peaked) and has been in free fall ever since, it's going to hit half what it was shortly. Google trends is a lagging indicator, but it's a good sign of interest in the coin, and it says that interest in the coin is dying off. The fact that it took a dump on kucoin is another sign that people who don't have it just aren't interested in the thing.

Secondly, owning a coin like that, that's experienced a massive runup, is like sitting on a timebomb. Look at how VIBE has performed on Binance when it got listed this week, it went from 6$ dollars to about a buck, because every original coin owner just doubled (or if they were lucky, 12x'd or even 600x'd) their money. It's risky as hell to buy a coin where most of the holders are in huge, huge profit, because they can sell at any time and walk away with huge gains, and inflict you with a loss.

Third, Raiblocks doesn't do anything, to my knowledge, that its competitors don't. It's "Fast transactions and zero fees", right? PASC has that, plus anonymity and smart contracts. I know of at least one or two Cryptopia coins (Though I can't remember the names off the top of my head) that have that. Hell, GAT is promising mastercard/visa level throughput for their blockchain and I'm pretty sure they're low/zero fee (Can't swear to that though).

Fourth, and this is personal, but it still applies, I have a bunch of ETHOS, and the ETHOS chart looks almost exactly like the raiblocks chart. I bought 100$ of this stuff back when it was called Bitquence, without really knowing what the hell it did, and at some point it ballooned into like 3000$. IT's losing value by the day now as interest in it wanes, and I'm actually selling it as soon as I finish typing this post, because I'd hate to lose a massive gain like that. If I'm thinking this way as an ETHOS holder, I would imagine a lot of Raiblocks people are thinking the same way, given that the two coins are basically identical.

30 cents is an exaggeration, but this should give you some idea of my thought processes here.

[RedPillUK]

It's not looking good, I'm regretting buying into the hype too much and not selling earlier when it reached the top 20 originally. However the 31st was only two weeks ago, maybe I should wait and see what happens with the rebrand to Nano and the Binance listing.

Here is some actual data from the shills on Reddit.

https://www.reddit.com/r/RaiTrade/commen...iscussion/

Quote:

I've seen a lot of discussion in here about how the Binance listing will affect the price for RaiBlocks. The sentiment is generally optimistic, but I thought we could do a little better. So here is my research on what things might happen and why.


Binance Community Coin of the Month

For those who are unfamiliar, Binance is arguably the biggest and best exchange for trading altcoins. Each month, they have the community vote on a coin to add, and that coin subsequently gets added free of charge. Rai won the 5th installment of the contest, and to get a feel for what we might see when it gets added, I looked at the previous 4 winners.

November Winner - ZCoin ($XZC)

Event Date Price (USD) 24Hr Trade Vol (USD)
Voting starts 10/31/17 $15.55 $2,000,000
Winner announced 11/08/17 $16.88 $2,000,000
Listed on Binance 11/22/17 $32.49 $4,250,000
List day peak 11/22/17 $40.77 $30,500,000
1 month later 12/22/17 $81.80 $30,000,000
Present 01/13/18 $97.35 $9,400,000

List Day Price Gains: 25% List Day Vol Gains: 615%

December Winner - ETHLend ($LEND)

Event Date Price (USD) 24Hr Trade Vol (USD)
Voting starts 11/30/17 $0.015 $100,000
Winner announced 12/12/17 $0.021 $840,000
Listed on Binance 12/12/17 $0.021 $840,000
List day peak 12/12/17 $0.029 $7,000,000
Present 01/13/18 $0.290 $19,600,000

List Day Price Gains: 38% List Day Vol Gains: 730%

January Winner - RaiBlocks ($XRB)

Event Date Price (USD) 24Hr Trade Vol (USD)
Voting starts 12/31/17 $12.11 $15,000,000
Huge vote lead 01/02/18 $37.47 $100,000,000 (peak)
Winner announced 01/09/18 $25.77 $40,000,000
Present 01/13/18 $25.87 $25,000,000
Listed on Binance ? ? ?

Notes and Conclusions

Even though the winner wasn't announced until 1/9, RaiBlocks opened a huge lead early on and was basically a lock by 1/2. I believe that was why we saw a huge spike in price and trade volume, both of which still stand as ATHs.
To address the "Binance bump is already priced in" argument: Over the past several days XRB has been oscillating around ~$25. While this is a much higher baseline than before the Binance news, it's still well off the ATH. I believe there is still room for a fairly significant increase on list day
If the price does in fact stabilize around $25, we would only need to hit just over $31 for 25% list day gains, and if we get to or break the ATH, we're talking 50%+ list day gains
Based on the huge list day volume increases, I think we're seeing Binance's market influence growing

Timeline and how Binance affects it

RaiBlocks PR and Communications Coordinator u/troyretz has been keeping us in the loop on progress. Yesterday (1/12) he said that there will be no updates announced (Binance listing) until several technical issues have been addressed.
Later on 1/12 indicated solid progress on node fixes which will be a big step towards being Binance ready.
Exchange issues have been holding Rai back and resolving them is critical for short and long term success. It's great to see the team focusing on fixing them before making the jump to Binance. Fixing these problems would relieve a lot of the criticism directed at RaiBlocks.
Assuming these long standing problems are resolved, there will be additional hype/optimism for the Binance listing which we would quite likely see reflected in the price

Summary

RaiBlocks will not be added to Binance until several important technical problems have been addressed. It sounds like solid progress is being made which is encouraging. Getting Rai to preform well on exchanges will boost confidence, alleviate FUD, and cause short term and long term price benefits
Based on past Binance community coin data and the current state of RaiBlocks development, I think we can expect to see a list day price increase of at least 25%

Definitely interested in hearing why you agree or disagree with anything presented here

Edit: The tables are all messed up, check the link to see it more clearly.

[SamuelBRoberts]

PASC has the same issue, it's a PITA to get working on exchanges, which is one reason I keep meaning to dump the thing. I probably will, actually, and move it to ETC or something.

[Cattle Rustler]

(01-13-2018 03:57 PM)SamuelBRoberts Wrote:  

PASC has the same issue, it's a PITA to get working on exchanges, which is one reason I keep meaning to dump the thing. I probably will, actually, and move it to ETC or something.

I thought you were shilling and gave PASC a thumbs up?

[SamuelBRoberts]

I did, and then I found out that PASC was a PITA to get working on exchanges. That info's not super easy to come by and I missed it in my initial sweep.

[Cattle Rustler]

(01-13-2018 04:04 PM)SamuelBRoberts Wrote:  

I did, and then I found out that PASC was a PITA to get working on exchanges. That info's not super easy to come by and I missed it in my initial sweep.

10-4. I might sell mine for ITC or NEBL or VEN.

[SamuelBRoberts]

It's an open question on PASC. They're diverting some coins to a dev fund, and really starting to get organized.
It could take off like RaiBlocks did. Or well, not QUITE like Raiblocks did, but a 5x is quite possible, which would be nice.
There was strong interest on twitter when Kucoin suggested adding it.

But that's gambling that the community that's developed around it, that's propeled the price to87 mill Mcap, isn't going to get impatient and ditch when it's clear that it's not immediately gonna go crazy. So it's hard to say. But I keep thinking "I should let this thing go" which is probably a sign I should let it go.

[Heightcel]

Tbh hold Rbx.

Bitgrail is not allowing withdrawals, so most people are trading at a poor rate for eth to be able to move it. I think with the binance listing and the bitgrail withdrawal issue fixed this could skyrocket to $40

[SamuelBRoberts]

Bitgrail is where most of the supply of Raiblocks is, right?
If a lot of the supply is currently locked up from the rest of the world on a shitty exchange, wouldn't that drive prices lower when it was released, not higher?

Also that's less than a 2x if it goes to 40$, which is nice, but is it worth the risk?

[Bill Brasky]

(01-13-2018 12:08 AM)SamuelBRoberts Wrote:  

It's a 3 billion dollar coin, what kind of "serious action" are you expecting?

Never underestimate the power of a rebranding. I only have about 11 XRB at the moment that I bought at the kuckoin dump so not holding any heavy bags.

Look at what happened when antshares went to neo. I think that trying to find the one coin to rule them all right now is a fool's errand and I honestly believe that XRB has more potential especially after it goes through its natural cycle of a yuge dump followed by a nice consolidation phase.

[True Balla]

(01-13-2018 06:19 PM)SamuelBRoberts Wrote:  

Bitgrail is where most of the supply of Raiblocks is, right?
If a lot of the supply is currently locked up from the rest of the world on a shitty exchange, wouldn't that drive prices lower when it was released, not higher?

Also that's less than a 2x if it goes to 40$, which is nice, but is it worth the risk?

So basically, if you own XRB you cant withdraw it from Bitgrail. So most people sell their XRB and just take the btc so that they can withdraw it. People are not wanting XRB because they cant withdraw it onto their wallets. That keeps the price down. All the other exchanges wont go up much, because all the hodlers can buy for low prices on Bitgrail.

Additionally, Mercatox is also having the same problem. And Kucoin just fixed theirs. They all had withdrawal issues at the same time so the price plummeted. Now over the next week I believe all the withdrawal nodes will be fixed, and then a binance listing coming up. That will make the price go up probably. Maybe an initial binance dip, but up after that.

(01-14-2018 02:49 PM)Bill Brasky Wrote:  

(01-13-2018 12:08 AM)SamuelBRoberts Wrote:  

It's a 3 billion dollar coin, what kind of "serious action" are you expecting?

Never underestimate the power of a rebranding. I only have about 11 XRB at the moment that I bought at the kuckoin dump so not holding any heavy bags.

Look at what happened when antshares went to neo. I think that trying to find the one coin to rule them all right now is a fool's errand and I honestly believe that XRB has more potential especially after it goes through its natural cycle of a yuge dump followed by a nice consolidation phase.

I believe its a top 5 coin, so 30B+ Market cap. Thats a 10x.


Plus SamB, didn't you just sell your PASC now? See, this is when you realize that even tho you have an awesome coin, exchange problems can mess you up. However, once all that is solved, it's gonna go up. Don't even argue it...

[Graft]

XRB is not worth the risk. It had a great run, but the exchanges are killing it slowly. I have a small fortune of XRB on BitGrail, and I literally can't move my money out of there because it is taking weeks to verify me along with suspended withdrawals. It could pop once it hits Binance, but I'd stay away from the chop-shops that it's currently trading on. Most of the big gains are over.

[SamuelBRoberts]

It's really interesting to compare it to the ETHOS chart. They literally look identical. (I did sell my ETHOS after I wrote that post, and I am VERY glad I did.)

[Courage Reborn]

I also have no idea what it's gonna do when it hits Binance. But I also don't care. I'm long on XRB.

Why you ask? For the fact that right now, it's the best coin with a legit shot at being crowned the gold-standard transactional currency. I'll unpack that;

1. No fees - FIAT currency has no fee for transacting with it. So when it comes to daily transactions with a crypto, having to pay a fee, any fee, will be a more significant mental barrier for regular people, than crypto enthusiasts are willing to recognize.

2. No mining - is a hit with everybody who cares about unscalable power consumption, and lefty virtue signalers. ie. everybody in tech. No mining farms also solves big node problems. It makes XRB inherently more decentralized than mined coins. In theory at least.

3. Instant transfers - speed is a big, ugly problem for crypto at this juncture. Instant transfers give users confidence in the platform. Compared to the long waiting games we're currently suffering through with older gen coins.

4. Community - the XRB fan base's enthusiasm in contagious. Guys are hyping this coin daily all over Reddit, Twitter, and Telegram.

5. Devs - The teams willingness to address existing problems, as well as potential future vulnerabilities, gives me confidence. Communication is sporadic. We're still having technical difficulties withdrawing from exchanges due to a node bug. But they keep us in the loop. Creator respects Bitcoin as a store of value, but he intends XRB to be THE digital currency.


Main drawback? Marketing game is lacking. I understand intentionally not wanting to hype this thing before the tech is ready for top 5 usage. Rumors of a re-brand could certainly help with coverage. Someone on Telegram said they hired a marketing person?

It's not me...

[Heightcel]

Going up again

1. Rebrand to Neo

2. Raiexchange

3. Bitgrail withdraw issues solved

Probably gonna sell 1k at $30

[Chunnel]

(01-27-2018 08:55 AM)Heightcel Wrote:  

Going up again

1. Rebrand to Neo

2. Raiexchange

3. Bitgrail withdraw issues solved

Probably gonna sell 1k at $30

Rebrand to 'Nano' I think you meant.

Regardless the rebrand is needed to disassociate the project with a children's toy.

[whiteknightrises]

The DataDash Effect:

Released Jan 25.



Same with Icon, BTC

[redbeard]

(01-15-2018 01:51 PM)Graft Wrote:  

XRB is not worth the risk. It had a great run, but the exchanges are killing it slowly. I have a small fortune of XRB on BitGrail, and I literally can't move my money out of there because it is taking weeks to verify me along with suspended withdrawals. It could pop once it hits Binance, but I'd stay away from the chop-shops that it's currently trading on. Most of the big gains are over.

Terrible advice. This is a symptom of BitGrail, not XRB. KuCoin performance has been stupendous thanks to the exchange devs contributions.

[Graft]

(01-27-2018 01:09 PM)redbeard Wrote:  

(01-15-2018 01:51 PM)Graft Wrote:  

XRB is not worth the risk. It had a great run, but the exchanges are killing it slowly. I have a small fortune of XRB on BitGrail, and I literally can't move my money out of there because it is taking weeks to verify me along with suspended withdrawals. It could pop once it hits Binance, but I'd stay away from the chop-shops that it's currently trading on. Most of the big gains are over.

Terrible advice. This is a symptom of BitGrail, not XRB. KuCoin performance has been stupendous thanks to the exchange devs contributions.

If Raiblocks does a 5x, I'll be set for life. I just don't think it's likely given the node issues, exchange issues, poor marketing, and already high marketcap.

Do you honestly think Raiblocks can 10x to a 25 bil marketcap? If so, what partnerships do you anticipate on it having to get it there over Litecoin, Monero, Stellar.