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TenX?

Discussion in 'CryptoCurrency' started by zionbar, Dec 8, 2017.

  1. zionbar

    zionbar Jr. VIP Jr. VIP

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  2. stiger

    stiger BANNED BANNED Jr. VIP

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    I'm interested in how the tax calculations work with it. I'd use it daily if it was simple
     
  3. TylerSplash

    TylerSplash Jr. VIP Jr. VIP

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    I don't think it will be profitable in long run.
     
  4. zionbar

    zionbar Jr. VIP Jr. VIP

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    Right? thats why I think it got some potential... especially when more and more ppl are buying BTC many of them will want a credit card to use it with

    Why is that?
     
  5. Shaunm

    Shaunm Jr. VIP Jr. VIP

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    The blonde guy (Julian?) who does the vlogs seems pretty clever, I like their communication with their community and how active their YouTube channel is showing you whats happening with the project and such. Last time I watched their videos they were saying how they are unable to keep up with the demand for cards even though they were shipping thousands per week.

    On the flip side, they basically lied to everyone during their ICO saying Vitalik Buterin was an investor in the project, they even had him featured on thier home page but when it all came out I think he only had a small advisory roll and had not invested anything into the project. When called out on it they said something along the lines of being "too aggresive" with their initial marketing. Although being able to use Crypto for every day purchase via a card is a nice idea, I just don't think we need it just yet. If I am purchasing crypto I am doing it to hold for a decent period of time, if I want to buy something at the shops I would still use fiat.

    I recently traded all of my TenX for more Ethereum and OmiseGo as I feel they will be better over all investments for 2018. They both have similar positives to TenX with none of the negatives. Vitalik is actually part of Ethereum and has confirmed he is an advisor to OmiseGo. Ethereum is basically the backbone for the tokens out there and Omise, the company who are building the OmiseGo system have some major merchants already using them and they system they have been using for 3-4 years.

    If the OmiseGo roadmap keeps on track then POS should be live by Q2 next year and if my thinking is correct then a token price of $10 when their service goes live could be supportable. With the current token price being around the $8 mark, holders may make an easy $2 per token and potentially 7% per year via staking and thats just when the service goes live, they have a whole bunch of plans to increase this over the coming years.

    Not sure if i'm just a fan boy but in the interests of full disclosure, OmiseGo makes up 31% of my current holdings and I plan to purchase more soon if the price drops below the $7 mark again, if not I will purchase more in the new year but out of all the coins and tokens I have read up on, its the one that has peaked my interest the most.
     
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  6. zionbar

    zionbar Jr. VIP Jr. VIP

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    Awesome buddy ill take a look into OmiseGo, looking at the chart it pretty much moves sideways, seems like ppl are waiting for more news on it