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Messages - SunnyFang

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If BTC pushes that price, it'd be interesting to see how alt-coins respond, especially those with a low supply. BTC has done really well recently and a low-supply privacy coin, VEIL, was able to outperform most of the market.

I would like to see how alt-coins like VEIL perform as BTC continues its rise.
Often new coins with good fundamentals, as is the case with VEIL since it offers anonymous transactions on Zerocoin basecoin transactions, do better than the rest of the market. A lot of people make joke on "here for the technology" idea, but the truth is projects with good tech actually do quite well.

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Trading / Re: Your greatest trading regret?
« on: April 22, 2019, 07:26:11 PM »
I think a lot of people regret not buying coins that were cheap and instead bought coins that had already had huge pumps. My biggest regret of 2018 was just looking at the top 100 coins. I know most people don't even look past top 10.

Now, I try to monitor CoinMarketCap or CoinGecko to mainly look at big movers. Lots of small coins that have potential get noticed early on and make big moves. I try to look into these. If they moved just because the volume is $100, then I move on. If they have a good volume and are making something that could have real demand, I check it out.

Right now, I'm look at VEIL, a new privacy coin.

The coin is doing really well even though it's not on a big exchange. The driving force is that it has a good development team that's trying to solve a real problem in current privacy coins. They are making private transactions more scalable and faster by advancing Zerocoin Protocol.

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Crypto Discussion / Re: Is there a good time to buy cryptocurrency?
« on: April 22, 2019, 07:19:32 PM »
The market's still near it's all-time low prices and is recovering from a mega drop. Usually, times like this are good opportunities to load up bags. That's my perspective.

However, depending on what you're buying, overall market is not a factor. Some coins had huge gains even when BTC was crashing. Note that new projects with low market cap are less likely to rely on rest of the market for price gains. Check out VEL, it's price has more than double recently and it's not even on any major exchange yet. It's a privacy coin that uses RingCT signatures from Monero to make Zerocoin basecoin transactions secure. This is the first time something like this is done, and we already know privacy coins have a real demand.

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Crypto Discussion / Re: BNB to the Moon or not?
« on: April 22, 2019, 07:15:44 PM »
Binance is already worth so much that all the people looking at a 10x on it don't realize that a $250 BNB price will make it worth more than popular products that we buy.

10x on BNB means it's worth more than Lenovo, LG, Twitter, Snapchat...
BNB is already 250x.

If you have millions and need to buy a coin, then yes, BNB is probably a good alt-coin for you. For the average person, it's worthwhile to look into low market cap coins that have good fundamentals, like VEIL. It's a newly listed project that has made its way into lots of small exchanges. Top tier exchanges like projects led by good teams and provide real development. This hits all that because its created by PIVX's founder and has already launched its own wallet. Major listings are just a matter of time now.

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Crypto Discussion / Re: How do u end up with shit coins
« on: April 22, 2019, 07:07:32 PM »
A lot of people end up with these coins from airdrops irrespective of whether peopled signed up for them or not.

At the same time, a lot of people also end up with such coins because they buy into pumps and then become life-long bag holders. Most people miss the important part of looking into fundamentals of a project. Right now, I'm looking into projects with low market caps which might do well in the long run. I am looking to mine VEIL because it seems a good privacy coin can really grow a lot in value. I checked the fundamentals and the team's goal of making privacy coin that stays secure while being scalable is a realistic and strong fundamental value.

Need to pick up good small cap tokens and then the wallet will be full of gems rather than 💩.

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You need a good strategy on what to trade and hold. Most day traders get rekt and even the top 1% eventually get rekt.

If you swing trade coins that are going up, you could be on a safe bet. I'm considering to swing trade VEIL since it's moving up fast but has a market cap low enough that any big buy or sell gives me an opportunity to scroop cheap and sell high on a daily basis. Be sure that the coin you swing trade has realistic demand and not just a p&d; I picked VEIL because it has a good shot at being a major privacy coin since it is making the most advanced privacy blockchain based on Zerocoin Protocol.

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Crypto Discussion / Re: Moreno Vs Veil (A Side by Side Comparison)
« on: April 22, 2019, 06:38:03 PM »
This isn't a very good comparison of the two privacy coins since you completely miss out on giving details...

Monero
Monero's ASIC-resistance is limited; check this: https://www.cryptoglobe.com/latest/2019/03/the-monero-hard-fork-did-it-help-gpu-miners/

- Despite Monero updating its code to cut off miners, the hash rate from farms quickly recovered.
- Monero's CryptoNight tech makes all tx secure, but the transactions are too heavy.


VEIL
Raven has been the most effective at holding back ASICs, but also somewhat faltered recently.

- VEIL's X16RT algorithm is the most advanced development in ASIC resistance.
- Zerocoin transactions aren't exactly light either. However, VEIL is introducing multi-block tx capacity; THIS will make transacting on this privacy chain more scalable. 

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Lots of people prefer to pay adult entertainment in privacy coins. Adult entertainment is a good market for early cryptocurrency adoption.

A lot of them already accept privacy coins like verge, but I'm sure they will soon be adding new privacy coins like VEIL to their list. VEIL's basecoin tx are anonymous and multi-block tx are supported, this means Zerocoin Protocol can finally be used to make anonymous transactions to cover any bill.

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Here's something interesting for you: https://news.bitcoin.com/the-poor-flip-the-rich-hodl-startup-finds-out-tracing-its-tokens/

This research shows that the rich have actually held on to their cryptocurrency investments. The real gains in any coin take time. As for bitcoin, it's already up so much that the percent gains on it will not be as much on alt-coins. The good thing about BTC is that it's market cap is very high so the rich can enter it without moving the market cap.

In that sense, for some one who needs to move tens of millions, BTC is great because it's an asset in which both rich and poor can park their money and hodl on.

Alt-coins, though, are more fruitful for the average people. Putting $2,000 out of a $10M portfolio in an altcoin won't mean much even if the $2,000 becomes $10,000. It's a drop. However, for the average person who may not have more than $10,000, $2,000 going to $10,000 is a big deal. That's why I always look for good alts. I recently found out about a good alt called VEIL because it ranked very high on weekly gains on CoinGecko.

I looked into it and I like what I see:
- Constant development
- Reasonable goals
- Real community

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