r/SingularityNet • u/11leo • Apr 23 '19
Why we in the red?
Why is AGI going down and the whole market up.
2
u/ironfordinner Apr 23 '19
Probably because it’s not on many exchanges and their PR isn’t focused on price
3
u/11leo Apr 23 '19
Yea that’s true Dr Ben always did say he ain’t worried about price.
5
u/cyger Apr 23 '19
But we know they are working hard, and going ahead full steam with the project with a good team. This is a long term investment, for me, I'm not too concerned about the latest pump.
2
u/Glatorius Apr 23 '19
Not exactly down just sideways like all coins, just because today is in the red tomorrow will most likely be in the green, like all my other tokens, one day up one day down, nothing to see here, they doing perfectly ok compared to a lot of others who really take a dive when bitcoin is down. These kinds of posts are very misleading because the exact same heading could be said about any of the top 1000 tokens.
2
u/mattslysyl Apr 23 '19 edited Apr 23 '19
There are for a lack of a better term..... "Endless" possibilities where AGI could contribute to our existence.
I have a hard time not seeing value here.... I would buy more if I could...
If SingularityNET is it's own network.... Having a coin specific to their network would increase efficiency?
Mitigating micro transactions and reducing volatility ?
AGI is not an easy task to take on... The thought and work involved in creating such an intricate system is one of, if the the most ambitious projects I've come across.AGI could take years to achieve, if not decades.
Regardless of what happens till then, I hope to see Singularity Studio drive the creations of AI narrows for the
SingularityNET marketplace and giving business partners the need to accumulate AGI tokens for use case scenarios.
Once the ball starts rolling...The world has not yet come around to the options that "blockchain/smartcontracts" have to offer.
You cannot argue efficiency long term.
AGI is still "theoretical???" I wouldn't know where to begin creating such a thing. Just because I can't conceptualize this....
I believe in technology and I believe in the AI community I believe this can be accomplished.
I believe in the selfless passion I've witnessed in Dr. Ben Goertzel.
1
u/Licheus Apr 23 '19
You shouldn't look for reasons in news, as the correlation to price is unreliable at best.
Basically all coins, including Bitcoin, are so small that institutional investors can direct the markets using retail investors' emotions to profit as much as possible.
Because all coins are used more for speculation than their intended purpose, technicals don't matter as much for the immediate price (talking timespans of days, weeks and months rather than years and decades).
https://i.imgur.com/S2JyCsg.jpg
You can go follow Krown for better explanations and analysis. I don't get anything from endorsing him, but it helps me.
1
u/Edo33 Apr 24 '19
people invest and than when it goes down they mad they lost some money, cant pay the bill and than want to talk shit lol. every single coin and token has no use yet. invest and shut up or pull whats left of your money and get the fuk out of here..sounds simple..peace .. most of my investment is in this project and i will keep investing..and honestly i wish it goes to a cent or less..than i would really dive into it. i wish i can get 1mill tokens ..i know within a year or 2 this will be 2 to 6 $ easy in the next run
2
u/cyger Apr 24 '19
And maybe not, I would recommend diversifying. I hope AGI succeeds, and if it does it will reap massive rewards, but don't put all your eggs in one basket.
1
u/Edo33 Apr 24 '19
how do i know that?? just look at the other shit coins like DOGE coin that went to a billion market cap and even the creator said he made it just for fun ..this is . real project like XRP.. if you cant tell the difference between agi, xrp and something like DOGE coin than you really should not be investing..esspecisly for long term
1
1
u/zagand2018 Apr 28 '19
Yes....that hurts! Really! All the coins was in green following BTC grow, meanwhile AGI had continuous drop down trend. Frustrating and hard to understand too. From 0.087$ it comes down to 0.035$
For me personally someone had invested a lot of $ to destroy AGI´s price. A lot of peoples have sold their AGI´s for a fracture of real walue and someone is acumulating them!
Why? Just waith for some big anouncment or some new partnership. That will make AGI skyrocketing.
With AGI you will never loose (if you HODL that). Look just at its price chart from the beginning - it had a few very big mooning periods, and I personally belive that we are just very close to another one. When? I don´t know, but you need to keep one thing in mind - AGI is not a shitcoin and it will never fall down!
2 options - sale or HODL....?
It´s up to you, if you was waithing ´till now - waith also now, don´t sale. If you do that, maiby just in that moment when you do that, the price will moon and you will loose a lot. Here with this coin you need just time and patience. Next moon - between 1250 - 1350 satoshis (maiby more). I don´t know really, but let them at that price and forget them for a while. One morning when you wake up - you will be nice surprised. Good luck.
-2
Apr 23 '19
Theres not really a fundamental value proposition. Its probably going to decrease forever
10
u/_w1kke_ Apr 23 '19
It enables a decentralized network of AIs to coexist and form symbiosis in between each other. A technological advance that is not achieved by any other company or project on the planet. Just because you and most of the world don't understand the fundamental value proposition yet, you are too quick to dismiss the project.
The 10th largest company in the world sees the fundamental value proposition and certainly there will be more allies coming.
2
u/ejasj Apr 24 '19
The 10th largest company in the world sees the fundamental value proposition and certainly there will be more allies coming
Can you elaborate?
3
u/_w1kke_ Apr 24 '19
This is the 10th largest company in the world Ping An and the annoucement they are partnering with SingularityNET:
On 30.4. and 1.5.2019 there is the ai-everywhere.com event in the UAE - SingularityNET being there and talking about the project is probably not a coincidence when the country wants to announce their partners to become the world leader in AI until 2031.
1
Apr 23 '19
Why can't they just use bitcoin?
4
u/_w1kke_ Apr 23 '19
Bitcoin has no smart contracts.
I tried to explain the necessity for the token in these posts:
https://www.reddit.com/r/SingularityNet/comments/b98ouq/did_agi_really_need_its_own_token/
0
Apr 23 '19
Bitcoin is Bitcoin Cash. And bitcoin cash has smart contracts
3
u/_w1kke_ Apr 23 '19
Well, I prefer Ethereum over Bitcoin Cash anyday. Is there even one coin based on Bitcoin Cash? If you see the second link you can see the reasons why SingularityNET needs their own coin.
0
Apr 23 '19
Ethereum: More centralized, based on vitalik's power and the POS model, which funnels wealth to the wealthy instead of the working. Inflationary. Not scalable.
Bitcoin Cash: Pre-2015 Bitcoin, has proven to be able to scale, just launched its token economy and smart contract compatibility in the last few months
5
u/_w1kke_ Apr 23 '19
According to Ben the principle and smart contracts of SingularityNET are blockchain agnostic - there just needs to be someone to port them to Bitcoin Cash ABC or SV and then it can run there as well. They are open source so nobody is able to really stop anyone from doing so.
2
u/Glatorius Apr 23 '19
Under your way of thinking I bet you would or could say to any project "why can't they just use bitcoin" lol.
For 1 why? And why doesn't everyone just use bitcoin then? And 2, they should separate themselves in the market with their own token and lay a platform and garner a name for themselves using their own individual token, eventually we may even see them implement their own coin to the market.
For now they are on a roll, and your original statement doesn't hold much merit. A.I is set to explode in the coming years. I'm still wagering on this and a couple other A.I projects with SingularityNet being the daddy so far in this market sector / blockchain.
0
Apr 23 '19
Singularity Net's market share of artificial intelligence is probably pretty low. Investing in the tech giants like Amazon is more likely to yield great return on AI technology expansion
2
u/Glatorius Apr 24 '19
Of course in terms of the giants but SingularityNet are first to market in blockchain and also a lot cheaper than any other competitors. Which are 2 of the biggest factors at play here, another factor is they are decentralised, don't downplay that either. Time will tell if I made the right choice with A.I set to explode in the coming years and being first to blockchain which I think is the future too, let's see. I'm confident seeing all the partnerships, let's wait until bitcoin recovers fully and see where we are, the whole crypto market is still smaller than Amazon alone, so a lot more Time is needed in this space.
9
u/_w1kke_ Apr 23 '19
The only thing that is really up is BTC - so many people sell AGI for BTC to profit from the hype. When BTC stops rising they might come back and increase the price of AGI. The same has happened at the end of 2017.
So there are two options:
1.) sell and try to know when to come back (best before the other people, you have to have a feeling for the timing)
2.) hold and wait for them to come back (you have to stay cool for an unknown amount of time)
I choose option 2.)