Stellar XLM

Sweet, I have 900 of these yokes! Any reason why I might be wary of sending these to Kraken? It all seems too handy to be given free momey like this...

I keep getting transaction failed. Anyone any ideas what the problem might be? I'm getting charged the transaction fee every time I try...

EDIT: I figured out my mistake. I had left the required 20 XLM in the account but hadn't left enough for the transaction fee (.00001XLM). In case anyone else has the same issue.

My 881 new XLM are worth about €210 In my Kraken account. I did literally nothing except sign up for a stellar account in 2014. I can't remember in the slightest why I did and I'm 100% sure I didn't do the sharing craic others in the OP's thread were doing. What a lovely result.

There are a few wishful projections of $2-5 dollars for XLM, imagine that for doing nutin'??

benjamin d wrote: »

I keep getting transaction failed. Anyone any ideas what the problem might be? I'm getting charged the transaction fee every time I try...

EDIT: I figured out my mistake. I had left the required 20 XLM in the account but hadn't left enough for the transaction fee (.00001XLM). In case anyone else has the same issue.

My 881 new XLM are worth about €210 In my Kraken account. I did literally nothing except sign up for a stellar account in 2014. I can't remember in the slightest why I did and I'm 100% sure I didn't do the sharing craic others in the OP's thread were doing. What a lovely result.

There are a few wishful projections of $2-5 dollars for XLM, imagine that for doing nutin'??

Hard to know where the value will go. But at the end of the day they didn't cost anything so not too relevant.

frozenfrozen wrote: »

Relevant to selling now and putting the money elsewhere or holding to be fair..

Crystal ball stuff. No relevance once you didn't put real money into them in the first instance.
These Cryptos are random enough from what I can tell.

Kenny Logins wrote: »

There's already a supply of almost 18 billion Lumens and increasing, to reach 4 figures now, the market cap would have to be $18 trillion! That's about 30 times larger than all cryptocurrencies in existence today combined. :pac:

How does one explain any value attached to these at all?

Dohnjoe wrote: »

No one cares!

As long as the next fella pays more, our coins go up in value

Nobody will sanely look at a coin with a 20 quadrillion market cap and take it seriously.

Some care.

kippy wrote: »

Why is there any value attached to them at all?

That's an interesting question!

The coins need to be bought in order to enable their economic use (if it's that kind of token, like XLM or XRP) and for as long as the users believe that it'll get use institutionally, they'll pile on with the belief that large MNCs will start buying them for their own use re: International monetary movement and liquidity, and that'll drive the price up. And so it does.

There's always an equilibrium at the top where people get burnt no matter what the coin or token does. Same with shares in a company - somebody always buys the top and gets rekt.

It's a completely open secondary market where people can potentially make serious bank buying/selling/holding articially created digital assets

Some of them do stuff, some don't, some are even used by industry, but generally speaking it's the "get rich" and "make money" parts that attract the vast bulk of interest

It's the unregulated casino of investment, everything else looks boring in comparison

grindle wrote: »

...every investment ever.

Except that many of these investments are supposed to be currencies, which are the opposite of investment instruments

So for all this blurb about crypto-"currencies", the market says **** that, and treats them like speculative digital precious metals

Phoebas wrote: »

You could ask the same about any crypto. Indeed, you could ask the same about gold. It has very little intrinsic value.

I could but I amn't. Gold is a finite resource used in any number of physical processes.

kippy wrote: »

I could but I amn't. Gold is a finite resource used in any number of physical processes.

If Gold's value was measured by its use in manufacturing processes it would cost a tiny fraction of what it does.

Gold has very little intrinsic value. It's value is almost totally what people are willing to put in it as a value store - not unlike cryptos.

Dohnjoe wrote: »

Adoption as a currency is not really growing, quite the opposite, it's diminishing, less outlets are accepting them. People are hoarding speculative digital assets not spending them

Adoption as a currency happens later - either way, BTC is a terrible currency right now and possibly far into the future too. Maybe forever?
The speculative investment angle is however, a fantastic Trojan horse into wider acceptance.

Dohnjoe wrote: »

There'll have to be some pretty dramatic changes for people to start spending these cryptos on the same level of cash (or replacing it) apart from black market use.

Not sure what kind of timeline you're thinking in, but I think we'll see the adoption and use of these coins continuously growing at a faster pace over the next 10+ years.
The smarter merchants are looking beyond BTC and have POS machines that have an option to basically act as an immediate exchange to FIAT for them for a number of cryptocurrencies.

Dramatic changes may take a long time to happen but the inherent value offered by having your own store of wealth available to you at all times and secured by networks as large as BTC or ETH's rather than stored as an IOU where your right to access can be revoked on a whim - it's not just going away this time.
It can crash again once this crazy cycle reaches it's peak, but I can't see it being reduced to nothing as the reasoning behind it is still valid - it's gone beyond fringe nerds, anarcho-capitalists and druggies buying it.
The more it spreads, the more is learned, the less chance there is of it ever passing by.

He can you all take this to a general crypto thread and away from this one. I keep thinking something exciting has happened with this coin every time I log in! Cheers!

Great thread.

I myself remember back in 2014 when some poster made a thread about this Stellar Lumen xlm coin on Boards.ie. I got 50 lumens free when i signed up to stellar, then i traded them a little for a day just messing around. I checked my stellar account at the start of 2017 and noticed that I had 4,500 stellar lumens, so i opened an account with bittrex exchange and transferred my Lumens there and then put them into bitcoin to buy a few other coins. I remember at one point my 4,500 lumens were worth €211, then just a week or two ago they were worth €1,122 or more, amazing. I still see stellar doing really well in the future as its a long term investment, and I also see Cardano ADA doing really well coming into April 2018. I got in on ADA at 2-cent and made some nice profits.

Great thread OP. People say that Cardano will go to the moon. It will go further than that 2018. Wait for the next big drop and buy a load of them, because ada in a few years could be the new ETH Stellar and Cardano ADA are going to be huge by next christmas.

The great thing about this all is that I never put a cent into cryptocurrency nor had to use my bank details to buy and trade, those first 50 free lumens made me a small fortune.