Kaspa will never reach $0.20 again

[Swapster]

This is why I have liquidated my position in Kaspa. There is very little upside going forward. No forward moves of late have any traction and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.

[Odusko]

This is why I have liquidated my position in Kaspa. There is very little upside going forward. No forward moves of late have any traction and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.

You already mentioned that the position is a risky one so there is no need to stay on that such position when you know that the coin market is highly volatile, this is what you have to act on and at that you can give yourself some kudos for being able to overcome the market in profits, regardless of what the market price can be right now or in the future.

[Swapster]

To be honest, the post is a throwback to 2011 that said "Bitcoin will never reach $20 again"

https://asktom.cf/index.php?topic=27348.0

Kaspa price has been kind of sucking, but I am a long term holder and have a lot of faith in the technology and Kaspa's future prospects.

[Odusko]

To be honest, the post is a throwback to 2011 that said "Bitcoin will never reach $20 again"

https://asktom.cf/index.php?topic=27348.0

Kaspa price has been kind of sucking, but I am a long term holder and have a lot of faith in the technology and Kaspa's future prospects.

This comment right here contradict your posts since you mentioned in the ops that you already liquidated your position in the coin, but here you are admitting that you are a long term holder and expect Kaspa to act the same way bitcoin acted going from $20 to currently $100k+ price per BTC. What you should know is that, bitcoin is far above this coin and bitcoin have enough suport system like a limited supply unlike this coins with such unlimited supply or huge cyculating supplies.

[Swapster]

I see your account is from December 2021, and mine is from early May 2013. So consider that maybe I know a little more about Bitcoin and crypto than you do. Not necessarily, but a pretty good chance.

Kaspa is a very unique coin in that it shares many of the same attributes as Bitcoin; it is a fair launch, POW, no VC, no foundation/CEO, fixed supply.

You might want to do some research.

And here is a link to the ANN page for Kaspa:

https://asktom.cf/index.php?topic=5373286.0


Here is a sample comment from the ANN page (for those in the know)

"Very Interesting . . started some hash on it yesterday . .

Wen u see literal geniuses coming up with some BRAND NEW shit, its best to pay attention AND spec-mine the shit out of it!!!


https://eprint.iacr.org/2018/104.pdf
"

Worth a bit of your time.

[Popkon6]

This is why I have liquidated my position in Kaspa. There is very little upside going forward. No forward moves of late have any traction and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.

Since you yourself consider this current situation a risk, it is certainly true that there is a high possibility of a recession at the present time. So at the present time, if you have the right thinking mentioned here, you can keep your money according to this thinking, because at any time there can be a fall in the Altcoin market. Regardless of the market future, if you have some benefits at the present time, then definitely grab the benefits.

[Swapster]

Read the first post here and let me know if that clears everything up.

https://asktom.cf/index.php?topic=27348.0

[Abiky]

This is why I have liquidated my position in Kaspa. There is very little upside going forward. No forward moves of late have any traction and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.

Sadly, that's what happens with crypto projects focused on utility instead of hype. They end up being worthless due to loss of interest from retail investors. Most people these days are looking for something new and exciting that would make them a lot of money in return. Particularly, speculative cryptocurrencies that are often overhyped.

Kaspa is a quality coin, but unfortunately, it lacks the hype needed to propel itself all the way to the moon. Its competitors are faring much better in this regard. Even Ethereum Classic is doing better than Kaspa. PoS "shitcoins" is where the money is these days. PoW-based cryptocurrencies like Kaspa are a thing of the past (except Bitcoin). Hopefully, Kaspa will survive for a long time.

[shinratensei_]

Read the first post here and let me know if that clears everything up.

https://asktom.cf/index.php?topic=27348.0

Although it's sarcasm but condition is starkly different. Kaspa better make its ecosystem and price higher because mantaining L1 is very expensive and bitcoin back then got no competition which is great and also it's the first crypto ever.
Still, if you're holding kaspa then good luck though. Maybe you'll see some rally in the future. I personally think it's good altcoin but not as good as ETH or SOL.

[passwordnow]

Kaspa price has been kind of sucking, but I am a long term holder and have a lot of faith in the technology and Kaspa's future prospects.

It got me confused first upon reading it, but I understand that you're a long term holder of kaspa and we don't know for how long you're going to hold it. But I think that it has got some mechanism that gives more of a disadvantage to the holders than an advantage. Though that's your decision and I can only hope for the best of this holding of yours with kaspa. We all want to win in life and I hope that you win with this project.

[Abiky]

Although it's sarcasm but condition is starkly different. Kaspa better make its ecosystem and price higher because mantaining L1 is very expensive and bitcoin back then got no competition which is great and also it's the first crypto ever.
Still, if you're holding kaspa then good luck though. Maybe you'll see some rally in the future. I personally think it's good altcoin but not as good as ETH or SOL.

Well, Kaspa certainly is much more decentralized than ETH and SOL combined. These last ones made the switch to PoS and turned utterly-centralized. SOL was centralized and buggy from the start. But ETH? The one that used to claim to be the platform for "unstoppable Web3 apps"? It's now a disaster.

That's why Kaspa was created in the first place. To serve as an alternative PoW cryptocurrency that combines the "best of both worlds". By that, I mean combining the security and reliability of Bitcoin, with speed and cost-efficiency of highly-scalable blockchain networks. It's a project that's not driven by hype, but rather solid fundamentals (mostly utility). These days, investors are interested in speculative coins with "shiny-new features". Which explains why demand for KAS (and price) is still low. At least, the core Blockchain network is functional. What more can we expect?

[programmer3666]

This is why I have liquidated my position in Kaspa. There is very little upside going forward. No forward moves of late have any traction and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.

bro!! i understand your frustration but saying Kaspa will never reach $0.20 again feels kinda to extreme because like it or not, crypto markets change quickly and many coins that looked finished in the past later recovered when the market cycle shifted positively if you sold because it no longer fits your strategy, that is fine! everyone manages risk differently but price predictions in crypto are never certain, whether positive or negative the market can still surprise us, especially if sentiment or technology around the project improves

[Swapster]

I was being sarcastic.

I have a very large amount of Kaspa and I am prepared to hold for years.

[asriloni]

I have a very large amount of Kaspa and I am prepared to hold for years.

Good luck with your bag.

It's rarely to find the believer of a coin with no ecosystem on it. You have pointed out fair point. It's decentralized, no VCs or pre mined. However, i feel skeptical to expect this one to record new ATH without ecosystem to help in the adoption on it.

However, who knows it can do thing like what Zcash did. I'm wondering what reason behind your decision to hold this for years iother than decentralization, no vcs and pre mine? 

[Abiky]

Good luck with your bag.

It's rarely to find the believer of a coin with no ecosystem on it. You have pointed out fair point. It's decentralized, no VCs or pre mined. However, i feel skeptical to expect this one to record new ATH without ecosystem to help in the adoption on it.

However, who knows it can do thing like what Zcash did. I'm wondering what reason behind your decision to hold this for years iother than decentralization, no vcs and pre mine? 

Zcash "pumped" due to hype. But it will be all over soon. I mean, Monero has better privacy features than Zcash itself. Yet, ZEC had higher gains than XMR because of the hype. It's what moves the market these days. And that's what's Kaspa is missing.

Don't get me wrong, though. Kaspa is a good project with a solid foundation. It's focused on usability above all else. But without hype, it won't gather the attention of mainstream investors which is necessary to help maintain market prices over time. Similar projects ended up left behind in the dust because of poor marketing/promotion. Many of them are practically dead. Kaspa might survive if it remains decentralized and actively-supported by developers. But prices will be so low, that nobody would want to "hodl" it for the long term. You'd be lucky if KAS rises like skyrocket all of a sudden at some point in the future. Crypto often behaves in many strange and bizarre ways, so anything's possible.

[TastyChillySauce00]

Good luck with your bag.

It's rarely to find the believer of a coin with no ecosystem on it. You have pointed out fair point. It's decentralized, no VCs or pre mined. However, i feel skeptical to expect this one to record new ATH without ecosystem to help in the adoption on it.

However, who knows it can do thing like what Zcash did. I'm wondering what reason behind your decision to hold this for years iother than decentralization, no vcs and pre mine?  

Zcash "pumped" due to hype. But it will be all over soon. I mean, Monero has better privacy features than Zcash itself. Yet, ZEC had higher gains than XMR because of the hype. It's what moves the market these days. And that's what's Kaspa is missing.

Don't get me wrong, though. Kaspa is a good project with a solid foundation. It's focused on usability above all else. But without hype, it won't gather the attention of mainstream investors which is necessary to help maintain market prices over time. Similar projects ended up left behind in the dust because of poor marketing/promotion. Many of them are practically dead. Kaspa might survive if it remains decentralized and actively-supported by developers. But prices will be so low, that nobody would want to "hodl" it for the long term. You'd be lucky if KAS rises like skyrocket all of a sudden at some point in the future. Crypto often behaves in many strange and bizarre ways, so anything's possible.

Just checked out KASPA



it's true that the hype is already gone, it's not a privacy coin either so there's no buying pressure even volume is pretty low but if i'm being honest FDV is already big enough with $1.32 B FDV for a chain is already good enough.
We should normalize 1 billion FDV as an already good valuation for most of then chain. The tens billion FDV was because people overestimate the market.

[Balmain]

Many altcoins are in the same situation. They have very low liquidation rates. We've seen in the past that some altcoins never reach their previous price levels again. I just looked at Kaspa briefly; being in the top 100 in the market still looks good. You've already closed your trade, hopefully that's the right thing to do for you. I also want to say that you said it will never reach the 0.2 price, but it doesn't seem impossible. In this market, 3-4x increases can happen in just a few days, as long as the conditions are right.

[Ruttoshi]

I have a very large amount of Kaspa and I am prepared to hold for years.

Like seriously, altcoins doesn't perform well in the long run, their price keeps going down and downs overtime. Kaspa have lost it all because it has nothing special to offer to the community. It's same shitcoins with no different or unique utility purposes.

I don't hold altcoins for long, if I'm luck to see a little profits, I sell instantly before I will run at loss because the reverse will be the case. You might wake up on morning and see your portfolio at zero value.

[Abiky]

Like seriously, altcoins doesn't perform well in the long run, their price keeps going down and downs overtime. Kaspa have lost it all because it has nothing special to offer to the community. It's same shitcoins with no different or unique utility purposes.

I don't hold altcoins for long, if I'm luck to see a little profits, I sell instantly before I will run at loss because the reverse will be the case. You might wake up on morning and see your portfolio at zero value.

You mean Kaspa is a "shitcoin" because it's not giving you profits? Crypto is more than just making money. It's a movement, a revolution meant to change our world for the better. While I admit Kaspa hasn't been that profitable, it's still a useful cryptocurrency. Especially when you're looking for something that "mimics" the decentralized and censorship-resistant properties of Bitcoin. Kaspa in its current form, is useful for cross-border payments at a fraction of the cost of other cryptocurrencies.

If you're a believer, you'd hold KAS no matter what. Of course, most people are only into crypto to make a lot of money. Not because they believe in it. Without the support from retail and/or institutional investors, Kaspa won't be able to survive on its own. I mean, what funding will the project have to keep itself alive for long? Unless, developers make the project "self-sustainable" (pays by itself) in the long run. Kaspa's situation is the same as Litecoin's. Little or no market movements, but with on-going blockchain activity. As long the network itself remains alive, nothing else matters. For what I know, anything can happen in the future.

[suhadi88]

I think many people want to make a quick profit without caring about the design. This is the dilemma most people face: they want to persist, but many ignore the importance of spotting and identifying. LTC or Kaspa may not be willing to pump heavily yet, but when good news comes about them, I wouldn't be surprised to see their prices soar rapidly.