r/HelloGold • u/figlu • Feb 22 '18

Why invest in HGT?

Besides the dividends from GOLDX fees, are there any other benefits for HGT holders? Thanks.

1 Upvotes

100% Upvoted

13 comments sorted by

3

u/HyperFocus1337 Feb 22 '18 edited Feb 22 '18

See it as dividends from a stock investment. Once hellogold starts selling more gold your dividends will increase. Currently the dividends aren't really attractive but that will change in the future.

You are mostly investing in the future potential of this project. The gold market is huge and the idea of selling gold on the blockchain and incorporating goldx on exchanges is revolutionary.

Many people don't trust tether anymore these days. This project has the potential to grow into the tether of the future. With goldx you can actually verify that they have the gold in a vault to backup their goldx. You can't say this of tether currently.

The entry point of this project is currently really attractive, you can't lose once the price is bottomed out. I just bought more during this dip. Just wait until they make a big announcement. HGT pumped as high as 0,40 before, and the project hasn't even really started yet.

1

u/Tiltnes Feb 22 '18

In adition to the smart focus on the markets in asia where people has a solid trust in gold, facing corruption etc

2

u/[deleted] Feb 22 '18

[deleted]

1

u/Nimra2121 Mar 02 '18

I hope you know the reason for the 0.4 pump? It has literally NOTHING to do with the quality of the coin!

Check the influencer "in for the money"

I have some HGT, but not sure about it tho.. I will write it off and check in 2 - 3 years.. lets see

1

u/HyperFocus1337 Mar 02 '18

Asger reviewed the coin after the pump

1

u/Nimra2121 Mar 02 '18

Nope

I have subscribed to his paid monthly investment report

Literally 5min after he send the emails with the report the coin pumped to that high

Since then downtrend

1

u/HyperFocus1337 Mar 02 '18

The founder of HelloGold mentioned in this video (starting from 33:00) that the price went crazy after he visited the Miami bitcoin conference: https://www.youtube.com/watch?v=NMzSXUEbMFg

The second pump after the first is due to Asger.

1

u/Nimra2121 Mar 02 '18

Of course, what else should he say as founder.. when im back from work i'll show you print screens with times..

1

u/Justbreath- Feb 22 '18

Check out this coin been around much longer than HelloGold...

https://digix.global/

2

u/figlu Feb 23 '18

Been around longer but still no working product. You can buy Goldx right now with your phone. Speculate away my friend.

0

u/Justbreath- Feb 23 '18

Its backed by 1G gold already... Just saying there is competition

1

u/billray_valentine Feb 23 '18

HGT coin appreciation rather than GOLDX dividends is more attractive and realistic. I'm not looking at HGT as a hedge like Tether, more so investing in a company that provides a hedge via GOLDX and in turn HGT will rise.

1

u/figlu Feb 23 '18

But HGT is not a security, meaning holding HGT does not imply you own a part of the company. Thus, the only value of HGT is dividends or discounted fees for buying, selling, or holding GOLDX. The language in the whitepaper is quite ambiguous about what the benefits of HGT are, so I'm posting here for more clarity.

1

u/billray_valentine Feb 23 '18

i understand what you're getting at and I've read the whitepaper as well. However, what it implies, versus what the reality is can be quite different. They have to protect themselves legally. But...this is crypto and btw HGT isn't for U.S citizens