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RE: 30,000,000,000 DOWN IN A DAY! Making money in Crazy Markets even when there is a 10% lose in a day!

in #cryptocurrency6 years ago (edited)

I'm staying away from it as a long term investment...

A few reasons:
Coin Metrics (over 2/3rds not distributed)

Also to few coins for the market they are targeting because they only deal with 2 decimal places 20 billion in a world of trillions too small.

They do not have built in associations with vendors through the advisory board, i.e. Amazon, Starbucks, TJX Corp., Exxon, Universal Movies Theaters, Mcdonalds, eBay

Members of the team while big time VC guys are not Blockchain experts

Lots of up play fluff ad wording on their site, yet the white paper is not there with the details!

Looks like they said proof of stake but now they are doing proof of work with miners.

If mining is done on cellphones this is a much more dangerous way for you to lose your money essentially your mining rig and your passwords get stolen if your phone does.

Also because of the backup to cloud services if the cloud services are hacked your mined crypto could be gone because of password theft.

Notice the initial pump and dump on the release...

THEY SHOULD INITIALLY HAD A FIAT EXCHANGE ON THEIR NETWORK THEN GONE OUT TO PLACES LIKE KUCOIN. THE COMMON MOBILE PHONE USER IS NOT GOING TO EXCHANGES TO GET COINS JUST TO BUY AN CELL TO OTHERS FOR MICROPAYMENTS WHENUSING VENMO, PAYPAL, SQUARE DEAL, Chase and 100 other payment apps.

I think it's a mangy dog with fleas when compared to Crypto20.

Note Steem has problems two but not anything like ETN

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70887.21
ETH 3581.98
USDT 1.00
SBD 4.75