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The Golem Thread (GNT)
#9

The Golem Thread (GNT)

Quote: (10-01-2017 08:05 AM)NewDayNewFace Wrote:  

This forum is for discussion. I don't know why you feel so offended because I posted about Golem.
Saying "Guys I've got this great investment that's a wonderful long term hold!" without out including the fact that "It's lost 60% of its value in the currency it's primarily priced in!" is a shitty thing to do to forum members.

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For me I invest in blockchain to make a good ROI (who isn't?). As I mentioned before this isn't the ICO that will make you big bucks now but I said it's a long term hold. Which means that it'll take some time for you to make money.

This isn't "it will take some time for you to earn money". There's good odds that another nasty shakeout will shatter the current support level and send it even lower, and it won't ever come back up. Look what's happening to STRAT, right now, this morning. If it goes significantly below 100k it may very well never come back. Same thing could easily happen to GNT. GNT is a TERRIBLE investment.


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They also partnered with OMG; OmiseGo has big ties into the Blockchain community. If they can use their ties and be the first to accomplish what they are trying to do then they will be huge.

OMG is a payment settlement platform that you can use at McDonalds in Thailand. It's a neat project. It's cool that it has the government backing it does. I wish them well and have recommend them in the past to people. Golem was one of the original DAPPs. They don't have ties to the blockchain community, they ARE the blockchain community. If they need the Thai payment processor to help them finish and promote their product they're doomed.

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Their 24 hour volume is still big enough that you sell a big portion of Golem unlike other ICO

This is true for literally almost any coin on Bittrex or Polo.

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and since January they have done a 27x which is better than Litecoin, Bitcoin, Eth Classic, and Monero.
Past performance is not indicative of future results. For altcoins like GNT, past performance is often a sign that future results aren't going to materialize.

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I'm not saying that Golem is currently better then those but with the potential this can be a huge play. You can't ignore that.
I didn't ignore it, I gave you two paragraphs of reasons why the coin was a bad buy.
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