Hi Steemit!
Recently I made my first 'large' investement in the cryptocurrency Gulden (NLG). I wanted to ask any of you crypto-lovers out there what I can expect in the future of this altcoin.
Gulden is currently placed 60th with a market cap of $42,166,630 (or 14,583 BTC) on coinmarketcap.com.
After a period of being around the price of $0.05 a week or two ago it suddenly rose to $0.10 and later to $0.14! I closely followed the market price, but didn't really know what to make of it, because I'm still a huge cryptonoob.
Gulden price in $ and BTC for the past month
source
I made my investment when the price was around $0.13 because there was a lot of talk about it rising to $0.25 at the end of the summer and maybe even over a dollar at the end of the year. This would be because of the soon to be integrated PoW2 update, which will make the blockchain technology more secure and faster.
My question for you is: is this realistic? Did I make the right choice to invest at a price of $0.13?
My aim is to settle down for the long term and just sit on my assets. I think Gulden has a lot of potential and I trust it a fair bit.
I would love to hear your opinions!
Cheers.
Richard
NLG is a smaller coin that exists for some time already. They were one of the first groups in those dark 2014-2015 days of BTC price depression that did not simply abandoned the 700th Bitcoin-clone, but actively developed their coin, marketed it and polished the surrounding infrastructure. Their mobile wallets were excellent in a time that most coins did not have mobile wallets or a clone of the mobile Bitcoin Wallet.
I had some dealings with NLG when they had the campaign of 'Kwartje van Kok terug'. The 'Kwartje van Kok' is a reference to a temporary Dutch tax on gasoline initiated by a Dutch politician Wim Kok. The tax was NLG 0.25 (25 cents) in 1991.
This tax was never temporary and not given back to the people (this is still debated, although the majority opinion tends to agree).
The NLG team took this one as an opportunity (the ' Kwartje van Kok' is still lively remembered by Dutch people) to make in the centre of a Guldencoin marketing campaign. With the backing of an NLG-donor (or donors), they offered Guldencoins for each litre of fuel tanked, proved by uploading a scan/photo of the receipt. I obtained some Guldencoin at the time. It was not much, but we still have some pride in our old Gulden (the Dutch currency before the Euro was introduced).
At some point, this campaign started to linger and I have not been following Guldencoin for some time. However, if you look at the main thread at Bitcointalk, it is easy to see that this coin is still rolling with enthusiastic developers. I do not have numbers but The Netherlands is a very Internet connected and technology minded country. Second, it is wealthy enough for people to jump into brave and risky adventures and Guldencoin is one of them.
I do not endorse Guldencoin and have not connection with its developers. But it makes be proud to see what these guys have achieved and are still planning to achieve. Calling Guldencoin a scam does not give the team proper credits for what they have done.
My advice: just HODL and don't check prices everyday.
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Thank you very much for the response! To be honest I had never heard of Kwartje van Kok. Must be because I'm still pretty young.
Thanks for the advice. I will do that, but it's hard to not check the price every day haha
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If I were you I'll average down my entry price ATM; pow2 is coming soon ;)
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Note that this post is from 5 months ago ;)
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From what I heard and read, the gulden is more of a pump and dump scheme. Sure it remained after that, but I had no idea people still used it to do transactions etc.
So my advice would be that you should cash out when you can make a profit and forget about it. But what do I know, I said no to BTC in 2009 ;)
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Hmm I can't really see how it's a pump and dump scheme because the price has been very stable for a pretty long time. Or am I missing something?
But of course I'm gonna sell high haha
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When it was introduced in the media(local, only in the Netherlands) it spiked and the graph really looked like a pump and dump. Or is there another currency that sounds like a long lost currency(I still have real guldens).
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Haha I still have real guldens too.
I don't know, it might just be e-gulden or guldencoin or whatever. Gulden (NLG) is a newer currency.
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There should be a law against naming things similar to other things ;)
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Solid blog. I was about to start a similair discussion. The crypto space brings the biggest group of uneducated investors with it. This group will only grow. We really need more insights in the market and previous investment results (even though they don't deliver any guarantee for the future). Besides coinmarketcap.com there is: https://www.coincheckup.com The site lets you check all there is to know about the team, product, communication transparency, advisors and investment statistics on every crypto. Go to: https://www.coincheckup.com/coins/Gulden#analysis For a complete Gulden Indepth analysis
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Hey guys, still in gulden? Well I am buying it now for a 0.11 - 0,13€.... but last week nothing happened with a price and other cryptos raised a lot, market cap as well... so now i am thinkin if it isnt pump and dump... Let me know what do you think please
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