Poll

Are you willing to store OKCash in a staking web-wallet? (.com based)

Yes, i transfer my funds right away !
1 (33.3%)
No, i want to keep my funds in the desktop wallet
0 (0%)
No, my funds are stored in the exchange
0 (0%)
Maybe, i dont know
2 (66.7%)

Total Members Voted: 3

Author Topic: What is the future of OKCash?  (Read 684 times)

OK-OK

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What is the future of OKCash?
« on: December 30, 2017, 02:25:56 AM »
It was a bumpy ride past year, but what will 2018 bring for us?


We had gains, we had losses but overall we had growth !

OKCash is almost on the level of the first peak of 12 september so if you don't believe in the OKCash project, now is your time to check out your shares !

My advise: sell zero. Why? Because i think there is yet more to come !


At this moment we have more than 20.000 registered adresses!

I see that doubling or even tripling next year !

And if you worried, the wealth-distribution of OKCash is not fair, my only answer is: it is not fair yet!

Because a lot of the early investors did not sell /or not sell much with reasonable price fluctuations.

When OKCash get close to a peak a lot of the early investors cash out some shares and the distribution of the currency will settle more to a fair level.

It only need some spikes to get on a fair level of wealth-distribution.

(And also mention that some of the large wallets can belong to exchanges like bittrex)




The only problem what we have as a ALT-coin community that OKCash is traded on the price of Bitcoin.

So if bitcoin gains, OKCash will gain (in moderation) with it.

But if the price of Bitcoin decreases we also see a devaluation of OKCash.

With the little bumps the past month we can buy OKCash with discount.


The Horror-scenario:

But let say bitcoin devalues to a level of 3000 USD in a very short amount of time than we have also a major devalue of OKCash.

I am fair with you, and keep it in mind and don't panic if something happens like this.

There are no saving bounderies in cryptocurrency-trading.

And i am not saying that it will happen, but it CAN happen.

That is why i am always saying: invest only the money that you can efford to lose!

Don't try to be a millionaire or invest all what you have in the hope of getting rich in a short time.

Trade with your mind and not with your emotions.


Do your own research and invest only in currencies that YOU think can become big.

Don't look at all of the youtube videos with people that are only promoting their investments.

Think for yourself.


And i am not saying here: buy only OKCash !

Deversify your investments, make a top 10 and invest in a top 10.


And keep in mind that your family, friends and pets is the best investment overal !

Money can make things easier, but cannot solve problems !

The feeling of being happy and satisfied in life is much more worth than all of the money and materialistic things in this world.


But what the future brings for 2018?

I think we have some massive gains to come for 2018.

But with gains there also come decreases and they can be massive to.

Bitcoin for 2018? i have not a clear vision at all.

What i personly think is that the movement from POW to POS in this year will increases more than 50 %

And with all of the environment issues, POS is the best and most sustainable blockchain there is at this moment.

Than we have also the Blockhalving of OKCash which is very positive also, not for your staking rate, but for the value it surely is !

Who knows, maybe we can achieve a stable rate of 2,00 USD for OKCash in 2018?



OKCash is up-to-date.

1. The wallet is running perfectly.
2. OKCash is listed on 5 exchanges ( coinmarketcap )
3. The website is working perfect
4. Our forum is running smoothly
5. OKCashforCause is still raising funds

What we want more?




Thank you for reading.


Happy new year and the best wishes to you !


 :P - :P

BlockMaster

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Re: What is the future of OKCash?
« Reply #1 on: January 04, 2018, 09:53:40 AM »
I like using a desktop wallets since I have a dedicated VM for my cryptocurrencies.

OK needs more development.  The wallet is taking forever to sync so a light client would be nice for people that don't want to stake.

BlockMaster

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Re: What is the future of OKCash?
« Reply #2 on: January 10, 2018, 07:21:10 AM »
My bet is this coin will continue to lose value and die.  I don't see any development and other coins seem a lot better even if they are more expensive.   I like Stellar Lumens but Wazes, RockRails, Ethereum, and Decred all seem nice.  NAV also seems cool but very small development team and lacks organization.

OK-OK

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Re: What is the future of OKCash?
« Reply #3 on: January 10, 2018, 06:17:43 PM »
Personly i have trust in OKCash.

But you see these last couple of months that all those crypto-noobs are being negative all over these forums.

They invest a amount of money and expect immediately results.

And if the currency is not growing enough to give them the expected result, they are complaining if this coin is dead? Where is the development team? Why are the charts not growing?


If you look to the charts of OKCash of the last year than you see it has grown from $0,006 to $0,62 each at this moment.

That is a 103.3 times multiplier on it's original value.

So your bet is that it will continue to lose value, my bet is that it will gain.


I have seen also that OKCash has frequent updates over the year.

Only one strong update is needed, and all of the crypto community talks about OKCash and than everybody is suddenly positive.

So i don't care what everyone is saying, i make my decisions, you make yours.



You like XLM if we look to the supply there are almost 18 BILLION in circulation of the originating total supply of 100 BILLION  at a price of $0,56 at this moment.

It looks to me more like DOGE. but at a ridiculous price. But who am i? if you have trust in it, than it is perfect for you.

Sure maybe there are frequent updates, but the most updates are bull.... anyway.


Have a nice day,

 :P - :P

BlockMaster

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Re: What is the future of OKCash?
« Reply #4 on: January 11, 2018, 09:40:11 AM »
It seems like this coin had good development awhile ago then it just stopped.  Most coins have positives and negatives which in my opinion development is key for the success of a digital coin.  Noobs do need to do research before purchasing a coin.  Most of them are way over valued in my opinion and only a few will actually be worth anything. 

As far as XLM goes, it has a nonprofit foundation to run it and support it's growth which is doing.  The foundation members have been involved in digital currencies for a long time and are showing progress with developing it (it's not just updating the code).  It has a total supply of 100 billion which is a concern of mine : Here are the stats on them and what some of them are set aside for: https://dashboard.stellar.org/.  There is a lot of trust in the foundation to handle these additional coins correctly so only time will tell.

The other coins I mentioned (not invested in) have interesting blockchain ideas and/or communities.  I suggest everyone read about them and decide for themselves if they want to invest in them and/or be part of their community

Issues with OKCash:
-Does not look like it has a developer
-Source code is copied from other sources and the modifications were done awhile ago.
-Very basic coin with staking and can be easily reproduced.  I could take OKCash source code, change the logo, and restart the block chain but also give myself millions of coins first ;)
-Community is not very active except for the spammer here
-The causes seem to be non-existing to get people to bite
-Name change from pimpcash to okcash (https://bitcoingarden.org/pimpcash-rebranded-to-okcash/)
-No POS3

I feel the people that have large amounts of these staking coins sell small portions of their staked coins when the price is high maybe across markets so they get a high price before the value drops.  When the value drops then they will wait for the price to go back up or they can get it to go up by selling coins high.  Pretty much controlling the value of a coin like OkCash to make regular income off others when it is not panic selling.  Maybe I'm just being paranoid about this because it's hard for me to prove.  Check this wallet and it looks funny to me: https://chainz.cryptoid.info/ok/wallet.dws?39558.htm

What makes you think that this coin is worth investing in?



OK-OK

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Re: What is the future of OKCash?
« Reply #5 on: January 11, 2018, 07:29:47 PM »
Thank you for explaining your side of the story.

Regarding XLM as a non profit foundation, i dont believe in the kind words, just like a lottery that is a non profit organization.

And sure maybe there is more development but what can you expect from a coin that has a marketcap of 16.5 BILLION at its peak.

But a coin with a non profit foundation, with the best advertisement techniques? no i'm not buying that.



To come back to OKCash,

OKCash is started as a NON-ICO. To get the blockchain started there was a POW period and everybody had the option to mine the coin.

So the start was fair.


One of your other concerns was that OKCash has a source code that is copied.

Yes OKCash is a fork, but XLM is also a straight fork from Ripple.

OKCash is forked from Blackcoin and that is a big plus for me.


OKCash can be basic but i never had problems with my wallet, the network or anything else.

And my transactions are always confirmed very fast.

It is a solid and stable coin, at 12 sept 2017 you see it had a 24h trading volume of 23 million USD you see the network can handle also larger amounts of transaction without a problem.


Further more i like to do my groceries at a local store instead of big supermarkets, the same is when i invest in cryptocurrency.

And i don't care if other cryptocurrencies can give me more profit, i buy what i like.

Maybe OKCash lacks STRUCTERED development, advertisement and so on, but i know it has a commited development team, and when their are any network issues or what so ever, you can expect very fast a update that is solving the problem.


The rebranding from PIMPcash to OKCash is not a issue for me anyway, when i was young i had also other interests than at the age of what i now am.

And what can you expect from all of the generations that as a child are influenced by movies, games and music where pimps are pimping the bitches.

I can give them just more respect, that they admitted it was a wrong name and choose for another name and a name that is standing more out than any other cryptocurrency name in my opinion.


And regarding the causes,

When you see a homeless guy, Do you give him some money? and how much do you give ?

And it is not the issue to get people to bite, are the people willing to give?


POS 3.0 is a nice concept, is it at this stage necessary? My opinion: no


And the great thing we have as a OKCash community is that we have OKtoshi on board, he is the lead developer of our coin.

What we saw of him that he has done incredible cryptographic achievements, he was one of the early adopters and  he was creating OKCash to what it is today. (by his own)





I feel the people that have large amounts of these staking coins sell small portions of their staked coins when the price is high maybe across markets so they get a high price before the value drops.  When the value drops then they will wait for the price to go back up or they can get it to go up by selling coins high.  Pretty much controlling the value of a coin like OkCash to make regular income off others when it is not panic selling.  Maybe I'm just being paranoid about this because it's hard for me to prove.


What do you think what is happening to all cryptocurrency's?

That is called the markets, when the community grows the charts will grow, and sure the early investors sell their coins at a nice price, but once sold, they are sold, if they want them back they need to buy them back.

And when the charts lower more people will buy it, and the community become larger.

And regarding staking it is the same as mining with an ASIC or what so ever only staking is environment friendly, and everybody get the same interest, and with extreme price fluctuations, POS is the most sustainable blockchain because their is no TERAWATTS needed to ''mine the coin'' the only thing with POS needed is to let the wallet open.


My personal opinion why I invested in OKCash:

1. POS Blockhain
2. More than 3 years of history
3. Lead-developer: OKtoshi
4. Max-supply of 105 million
5. Not overhyped ( natural growth)
6. The name: (OK)Cash
7. That the time has proven it is solid and stable
8. Fair start
9. LTSS - long term sustainable staking
 ( decreasing interest rate over time)


And i am not typing here to convince you to buy OKCash.

Make your own decisions, do your research and buy the currency that YOU have a good feeling about, and if XLM gives you a good feeling than it is a perfect investment for you, and you don't hear me saying that XLM can NEVER touch 1 dollar.

What is overpriced ? it is only the question why are some currency's expensive and others not... but they have the same intention, and the same purpose and that is to use it as money or as a investment.

That's your call  ;)


 :P - :P

BlockMaster

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Re: What is the future of OKCash?
« Reply #6 on: January 12, 2018, 05:28:47 AM »
Very nicely put and thank you for sharing opinion on OKCash.  It has been a good discussion.

OK-OK

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Re: What is the future of OKCash?
« Reply #7 on: January 12, 2018, 02:47:35 PM »
Yes, thank you and take care.

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Okorator

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Re: What is the future of OKCash?
« Reply #8 on: January 13, 2018, 04:21:44 PM »
Thank you for explaining your side of the story.

Regarding XLM as a non profit foundation, i dont believe in the kind words, just like a lottery that is a non profit organization.

And sure maybe there is more development but what can you expect from a coin that has a marketcap of 16.5 BILLION at its peak.

But a coin with a non profit foundation, with the best advertisement techniques? no i'm not buying that.



To come back to OKCash,

OKCash is started as a NON-ICO. To get the blockchain started there was a POW period and everybody had the option to mine the coin.

So the start was fair.


One of your other concerns was that OKCash has a source code that is copied.

Yes OKCash is a fork, but XLM is also a straight fork from Ripple.

OKCash is forked from Blackcoin and that is a big plus for me.


OKCash can be basic but i never had problems with my wallet, the network or anything else.

And my transactions are always confirmed very fast.

It is a solid and stable coin, at 12 sept 2017 you see it had a 24h trading volume of 23 million USD you see the network can handle also larger amounts of transaction without a problem.


Further more i like to do my groceries at a local store instead of big supermarkets, the same is when i invest in cryptocurrency.

And i don't care if other cryptocurrencies can give me more profit, i buy what i like.

Maybe OKCash lacks STRUCTERED development, advertisement and so on, but i know it has a commited development team, and when their are any network issues or what so ever, you can expect very fast a update that is solving the problem.


The rebranding from PIMPcash to OKCash is not a issue for me anyway, when i was young i had also other interests than at the age of what i now am.

And what can you expect from all of the generations that as a child are influenced by movies, games and music where pimps are pimping the bitches.

I can give them just more respect, that they admitted it was a wrong name and choose for another name and a name that is standing more out than any other cryptocurrency name in my opinion.


And regarding the causes,

When you see a homeless guy, Do you give him some money? and how much do you give ?

And it is not the issue to get people to bite, are the people willing to give?


POS 3.0 is a nice concept, is it at this stage necessary? My opinion: no


And the great thing we have as a OKCash community is that we have OKtoshi on board, he is the lead developer of our coin.

What we saw of him that he has done incredible cryptographic achievements, he was one of the early adopters and  he was creating OKCash to what it is today. (by his own)





I feel the people that have large amounts of these staking coins sell small portions of their staked coins when the price is high maybe across markets so they get a high price before the value drops.  When the value drops then they will wait for the price to go back up or they can get it to go up by selling coins high.  Pretty much controlling the value of a coin like OkCash to make regular income off others when it is not panic selling.  Maybe I'm just being paranoid about this because it's hard for me to prove.


What do you think what is happening to all cryptocurrency's?

That is called the markets, when the community grows the charts will grow, and sure the early investors sell their coins at a nice price, but once sold, they are sold, if they want them back they need to buy them back.

And when the charts lower more people will buy it, and the community become larger.

And regarding staking it is the same as mining with an ASIC or what so ever only staking is environment friendly, and everybody get the same interest, and with extreme price fluctuations, POS is the most sustainable blockchain because their is no TERAWATTS needed to ''mine the coin'' the only thing with POS needed is to let the wallet open.


My personal opinion why I invested in OKCash:

1. POS Blockhain
2. More than 3 years of history
3. Lead-developer: OKtoshi
4. Max-supply of 105 million
5. Not overhyped ( natural growth)
6. The name: (OK)Cash
7. That the time has proven it is solid and stable
8. Fair start
9. LTSS - long term sustainable staking
 ( decreasing interest rate over time)


And i am not typing here to convince you to buy OKCash.

Make your own decisions, do your research and buy the currency that YOU have a good feeling about, and if XLM gives you a good feeling than it is a perfect investment for you, and you don't hear me saying that XLM can NEVER touch 1 dollar.

What is overpriced ? it is only the question why are some currency's expensive and others not... but they have the same intention, and the same purpose and that is to use it as money or as a investment.

That's your call  ;)


 :P - :P

WOW Great post friend :)

OK-OK

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Re: What is the future of OKCash?
« Reply #9 on: January 14, 2018, 08:31:29 AM »
Thanks, the truth never lies

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