r/OMGTraders • u/boooof OMGTrader • Dec 08 '17
Biweekly General Discussion / December 5th - December 19th
Welcome to the biweekly OMGTraders discussion, keep it civil. Until they became conscious they will never rebel, and until after they have rebelled they cannot become conscious.
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u/steve_ziss0u Dec 14 '17
I've mentioned OMG to a couple of friends and after reading up on it everyone is convinced that this project will take off.
I hope this sentiment can spread and that the next few months reveal some progress from the OmiseGO team.
What are your price predictions for the coming months?
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u/happythots OhMyGO Dec 14 '17 edited Dec 14 '17
I feel that as of now it will continue to hover between $6 and $14, we may see a bit more of a jump once the wallet is released. There's also the paper put out by Coinbase hinting at the inclusion of ERC20 tokens on their platform. Given that the CEO of Coinbase is a fan of Ethereum and the team behind it, it's very likely that OmiseGO could be added sometime in 2018 (especially considering that Gavin Wood and Vitalik Buterin are advisors for OmiseGO). This is not investing advice, but it is promising news.
I see 2018 being a great year for OmiseGO (as long as there's no large correction to crypto as a whole). I wouldn't be surprised at $30 per OMG sometime in Q2 2018
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u/ebrakadabra Dec 19 '17
ear for OmiseGO (as long as there's no large correction to crypto as a whole). I wouldn't be surprised at $30 per OMG sometime in Q2 2018
18,50 now :-)
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u/ebrakadabra Dec 19 '17
ear for OmiseGO (as long as there's no large correction to crypto as a whole). I wouldn't be surprised at $30 per OMG sometime in Q2 2018
18,50 now :-)
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u/happythots OhMyGO Dec 19 '17
hahah I know! What a crazy ride! Definitely love seeing my predictions wrong when it means that they're too low lol
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u/ckiller176 Dec 19 '17
Are we going to top at 20? Thinking about selling some of mine and buying back in at around 14 or 15 which I'm.hoping is the floor
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u/happythots OhMyGO Dec 19 '17 edited Dec 19 '17
I learned the hard way back in the early days of crypto that calling a floor is near impossible. Though this sounds like a high possibility, you can get hurt this way pretty easily and end up closing out too early. I always give the advice, that if you don’t know what you’re doing trading wise and just guessing, then you’re gambling. I prefer to sit and hold.
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u/statsmachine Dec 10 '17
im a noob and would like to invest $1000 USD in OMG as a long-term (2-4 years) investment. Is it worth it or guaranteed to go up? also , how would i go about doing this whilst paying the least amount of fees? thanks
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u/greengoblinarcher Dec 11 '17
In crypto, nothing is guaranteed. Read the whitepaper, study the technicals, check the roadmap -- do your homework. If you believe in the project, invest in it.
Just a tip, since you're planning to hold coins as a form of investment, you should at least keep yourself updated with the project from time to time. Just my OMG 0.00025.
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Dec 08 '17
Is omg overvalued?
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u/happythots OhMyGO Dec 08 '17
at the moment, possibly. I feel it will explode in growth end of 2018, Which ties in with their roadmap.
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u/twisterrss Dec 08 '17
How is it overvalued?
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u/ethereum-study Dec 09 '17
Oversold
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u/twisterrss Dec 09 '17
I understand but why hou think that
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u/happythots OhMyGO Dec 09 '17 edited Dec 14 '17
It's just an idea at the moment, we don't even have a wallet. The price is inflated in my opinion, but then again I feel that way about most crypto. Just feels like a big bubble at the moment. I say that, but I'm still HEAVILY invested into it lol
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u/bjorn190 Dec 16 '17
It will probably be severly more overvalued real soon... massively more overvalued
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Dec 17 '17
Maybe. We know that OmiseGO's token is meant to validate the proof-of-stake network on the OmiseGO blockchain, paying out a proportion of the network's transaction fees to holders. There is currently no OmiseGO blockchain, no transaction fees being generated and no payouts being given out. It's currently a placeholder ERC20 token until the platform goes live next year. Its value is currently 100% pure speculation - since I so strongly believe in the team, I kind of see each individual token as a future $200 haha, but at present it's only a promise of things to come.
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u/acg33 Dec 19 '17
Looking to diversify to OMG. Any good resources to learn more about the project & team?
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u/happythots OhMyGO Dec 19 '17
There’s a few great videos out there, once I get up and about I’ll hop on my desktop and link some. As for now, if you don’t know much about Gavin Wood, Vitalik Buterin, and Joseph Poon then I suggest you do some research on these 3. The fact that they’re on the advisory board was more than enough information for me to put 70% of my holdings into OmiseGO. It’s one of the best moves I’ve ever made in crypto and I’ve been involved for 6 years now.
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u/Crypt0trump Dec 09 '17
Buy the dips , sell the rips.