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Bitcoin on the decline... Reddcoin on the rise

Discussion in 'CryptoCurrency' started by SeanAustin, Aug 18, 2014.

  1. SeanAustin

    SeanAustin Power Member

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    If you take a look at coinmarketcap.com, you will notice how bitcoin is in a huge decline along with pretty much every other altcoin out there... Except, Reddcoin.

    This could just be a matter of luck, but to me it says a lot more. For those of you who are new to CC, mostly every altcoin follows in the footsteps of bitcoin. When bitcoin tanks, so does every other alt coin, and vise versa.

    The fact that Reddcoin is untethered to Bitcoin at the moment is a sign that it could be one of the few real contenders for Bitcoin's position, in the upcoming years.

    The price is still relatively cheap for RDD, so now might be a good time to investigate what this coin is all about. Personally, the value of my RDD has already quadrupled since I bought it, and this is only just the beginning.

    If Reddcoin does what it is designed to do, becomes the social currency, and it adopted by one of the major social media platforms, then Reddcoin could hit a half billion market cap in the snap of a finger.

    I honestly believe the future of social media will involve tipping instead of just liking. This will reinvent social media, and will inspire content creators to create better content, as well as inspiring consumers of content, to become content creators themselves. It will be a revolution, and I see it happening in the next few years.

    It's just a matter of which coin will make it there first. With the community, innovation, and development team of Reddcoin, I feel RDD has a huge shot of winning the race. Only time will tell.

    -Sean
     
  2. SharkServers

    SharkServers Regular Member

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    I seriously hope that Reddcoin goes up a lot - I'm a Reddcoin millionaire, so it would be nice to see prices hit sky high.
     
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  3. Rector

    Rector Newbie

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    Great analyze buddy, especially the idea of tipping.
     
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  4. iPinner

    iPinner Senior Member Premium Member

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    Finally a coin that makes sense. I'm going to get into this on my free time. Thanks for the share.
     
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  5. Nick Flame

    Nick Flame Executive VIP Premium Member

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    With a 50,000$ daily volume, the 6.8% increase means that someone bought $3500 worth of reddcoins today, and gave them that 7% bump. I would not put any money on a pattern where $3500 can make that a big swing, too easy to game at such low amounts.
     
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  6. IAmNotLegend

    IAmNotLegend Regular Member

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    I never really understood all those graphs and terminology till now. You just explained i in the simple human language. I will keep this in my mind before following/investing in any cryptocurrencies.
     
  7. doop911

    doop911 Newbie

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    Faith brings user base, which at this point is the only practical market underpinning of crypto.
     
  8. binaryking

    binaryking Regular Member

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    50k daily volume? It's a Joke Coin :)
     
  9. Pejlis

    Pejlis Regular Member

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    there are many crypto currency today, one might decline other could go up , but yeah i noticed that the reddcoin is going up ,but the volume is very low though
     
  10. SocialMediaManager

    SocialMediaManager Elite Member

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    How many Coins You have and for how much you had bought those ?
     
  11. gulfraz

    gulfraz Newbie

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    considering how long it's taken for bitcoin to get where it is right now, I don't think it's losing it's top position any time soon :p
     
  12. gary2

    gary2 Jr. VIP Jr. VIP Premium Member

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    Whatever you said makes a lot of sense and is very true to the core... but just hope bitcoins do not lose their place as many are using it... lets wait and watch
     
  13. topmm

    topmm Regular Member

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    Does anyone have an ideea of what happened today on the bellow chart? The buy price is so low than it was last week, i did buy more few hours ago :)

    24 hour 25.8.2014 redd.jpg
     
  14. razorsa

    razorsa Newbie

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    thanks for the heads up
     
  15. myinternetempire

    myinternetempire Jr. VIP Jr. VIP

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    I hope you will be able to make good amount of profit from Reddcoin. But it is difficult to say how long they stay. As you know in crypto market profitability level always change.
     
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  16. Wolston

    Wolston Regular Member

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    After reading this thread I bought some and ever since then they have fallen big time. DaMn!