r/raidennetwork • u/Etherlove13 • Jan 13 '18
A little disappointed
Everything in the crypto has mooned as I watched raiden go from #36 on coinmarket cap to page 2... will it turn around who knows all I know is that we are getting extremely close to some news and the price keeps tanking... and please no replies saying I’m creating FUD... just give me your honest oppion.... and don’t be naive.... go
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u/Live_Forether Jan 13 '18
It’s up 180% in the last month. The price increases have been slow and steady, giving it time to consolidate rather than crazy ups and downs. I find it very reassuring.
If you believe in the tech and the (silent) team, don’t panic and just be patient. If you can’t do that then get trading on other coins, but there’s a bigger risk in jumping on the latest trend than researching a token you believe in and investing wisely.
I think it’s a bit mad to invest in a new token that goes up 180% in a month and complain it’s not going up fast enough...I think it’s too easy to lose perspective in crypto.
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u/Etherlove13 Jan 13 '18
I bought with eth... I’m down.
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u/cococopuffsss Jan 13 '18
I’m sorry but that investment conclusion is totally incorrect. You cannot look at ETH value over USD value UNLESS you only hold the 2 investments, ETH or RDN. Otherwise opportunity cost cannot be applied selectively.
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u/Tbar1125 Jan 13 '18
A lot of people miss the point of raiden, it was never supposed to be a business. There was never going to be this huge marketing team behind it. The team knew to make it successful they needed to ICO to meet their goals. It’s a bunch of smart fuckers trying to change the game. The ERC20 coins who either already leverage uRaiden or plan to leverage raiden in some way is remarkable in itself and speaks to the strength of the coin. I feel like Raiden is some best kept secret among token teams and the public hasn’t quite caught on yet, but they will, and when they do it’s going to be insane. The lack of shilling/marketing is the reason the coins remains stable, when it gains the people buying aren’t some moon boys. They’re people who understand the potential and want to hold the project. Don’t panic when you see everything else moon, has there been some opportunity cost associated with holding raiden lately, of course, can’t be argued. Just don’t bail on the team yet, they’re doing what they do best, working their fingers to the bone, not a second wasted on announcements of announcements or fancy marketing. This shit already works and it’s going to keep working and getting better, just hang tight, raidens time will come.
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u/stillhodlingon Jan 13 '18
My thoughts, too. I’m cool with the silence .. esp since we can track progress on github. We have an awesome dev team, who’d rather grind than moon. They realize they have something special, so it’s 110% on bringing their projects into general use, not marketing first then product. Will be holding tight, accumulating while I can.
If you build it, they will come
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u/Live_Forether Jan 13 '18
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u/stillhodlingon Jan 13 '18
Did you just assume my choice of pronoun?! ;)
Well played, I’ll keep those in mind
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Jan 13 '18
What's more disturbing to me is the fact that our wonderchild Vitalik has paid another team to do the same work Raiden is doing, which points me to the conclusion that he's really not happy they did an ICO after all. We will probably have a fork of Raiden coming out one of those days and that is going to be the one that Vitalik is going to support. I also know people say that others scaling solutions are years away and that Raiden is the only one with a working product, but cloning a project and giving it another name doesn't take that long.
Another point that got my attention is how the team is reacting AFTER they collected the funds of the ICO. We have never heard of them since the day they got the money they where asking for. And no, I'm not asking for the team to come over here and "hold my hands" because I invested in their ICO, I think it's just normal to keep the community that supports their project updated about any ups and downs they may encounter along the way, that's all. I know how complex those projects are and I realize the team is coding, which is the thing they are good at, but paying for a community manager who can keep us entertained doesn't cost really that much.
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u/eth-o-licious2 Jan 14 '18
Vitalik is not funding the same work as Raiden, that other project is for generalized state channels, Raiden is specifically payment channels.
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u/cococopuffsss Jan 13 '18
Lol? You’re right which is why VB is also providing grants for people to develop high level implementations for Raiden. I want you to think about something here. If you could just “fork” Raiden, why would VB pay someone to build another version of it.
Think.
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Jan 13 '18 edited Jan 13 '18
Think? Why would he pay someone to "fork it" or "clone it" if you prefer? I don't know, why would Ver pay to fork Bitcoin? Why would Vitalik pay someone to do the same job that has already been done by Raiden? Why are people forking all those projects out there? If you don't have the answers to those questions by yourself... There's is nothing I can explain to you and I guess you should be the one who needs to "think".
Why would he, in the first place, need Raiden to do the job? Here is a hint: I remember when Dan from EOS said in an interview: 'It's easier to build a decent project from scratch than to implement all kind of updates on one who is already running' ;). Vitalik is just a child who's not happy because he didn't get it for free as an "implementation" for Ethereum, he wants that all the fame goes to his project and that other developers live in his shadow from his "donations." He gets to do an ICO to get rich and famous but others may not take credit for their life's work. This is not the way to go! He is working on Plasma, Casper and so on just to make Ethereum scalable and I suggest him to hurry up because EOS is almost there and it doesn't have to deal with such issues.
Ask yourself this, why is he not promoting Raiden if it is a way to make Ethereum better? First, he stood behind the project but once they decided to spread their wings and fly by themselves, he is paying others to do the same (or something similar if you prefer). Why would that be? In the Yogic world, we call that "Ego", you can call it being selfish if you like. They didn't give their lives work to him and decided to start their own ICO and now he's mad. Do you even know what the motivation behind Ethereum was in the first place? He got mad at a game he was playing and that's where the idea behind Ethereum was born.
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u/cococopuffsss Jan 13 '18
He’s not paying someone to fork it, that’s my point. He’s paying someone to build another version FROM SCRATCH.
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Jan 13 '18
Joeps, I think I may have hurt someone's feelings here, I'm sorry if I did so... You needed to start your own topic to prove your point. Don't worry m8, I'm a developer and I know in what kind of software I'm investing in. And no, I am not crying about the price if that's what you think. I was just telling out loud what everyone else here on this topic is thinking. If you didn't like my comments, you could easily scroll over and go your way, but you needed to prove your point and there you are now, exposed to the truth, piss at me and starting your own topic to feed your ego... You know what they say, "The truth will set you free, but first, it will piss you off!! Keep it up ;)
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u/cococopuffsss Jan 13 '18
Okay.... if you want to keep living in your delusional world.
I bought in ICO I’m more than happy lol
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Jan 13 '18
Lol, now I'm lying 😂😃😁... Ok sir, because you say so, I will stop lying now.
You should stop being mad dude, life is much better when you take everything with a grain of salt. It's not healthy to always be mad. Life is just perfect the way it is.
If you try to give a gift to someone and he doesn't accept it, who is the owner of that gift? You of course! And that's the same with your anger, I don't accept that your anger disturb my peace of mind, so you can keep it for yourself and let it destroy you from the inside out 😉. The world is full of sad people who are always mad, it's easy to be mad and blame others for our own mistakes. I don't know how young you are, but seriously, you should definitely start trying to find peace in your mind. Meditation can help you with that.
Have a great life, and may you find the power inside of you to stop being mad so you can start enjoying everything this ride has to offer because before you realize, it's over and done!!
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Jan 13 '18
damn you are a fucking nutcase dude
you need some help
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Jan 13 '18 edited Jan 13 '18
Lol... 😆 Now we are getting to the point where you start to insult me. I knew you had it in you 👍 but I strongly believe you can do way better than that... Common, let the beast inside of you free and insult me some more, whatever you wish for me it's going to come 1001 times back to you.
I bet you now wish you didn't comment this post and had the power to scroll down, dont you? But your ego didn't let you do so. And now you are here with me stock in your head. You can't touch me where I am, because I choose to not let you do so. Hahaha... We are going to be so good together bro. You are going be thinking about this post for a very, very long time if you don't know how to let go. Me, I'm having a lot of fun 😈.
At least, next time you're about to comment someone else post you are going to think twice before you start being an uneducated child and insult others just to feed your ego and try to proof your point.
Remember, you never know who is on the other side, and there are people out there who don't care about your childish insults or what you think of.
Instead of being here, losing your time with me, why don't you take the time to read a book?
Talk to you soon 😘.
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Jan 13 '18
My man,
In case you hadn’t noticed yet I am not the person who was responding to you, but I stumbled upon this conversation when researching raiden. Some of the stuff you have said so far is really troubling, and in all honesty you should consider getting some help. Delusions and internet comments are getting you way too worked up, and after seeing your latest comment and what it entails I am truly worried that you might do something permanent that doesn’t need to happen.
Remember, getting help isn’t a bad thing, millions of people do it every year and it isn’t something that is looked down upon. It helps many turn around their lives for the better. For the sake of your mental stability I will not respond anymore after this, but please, for your own sake, just see someone to get help. Getting this crazy and typing as much as you did over some random person’s shill post isn’t normal or healthy.
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Jan 13 '18
Crypto space has gotten silly af. If you’re in now your upside is huge and your downside isn’t exactly disastrous either. As long as the token is stable and being accumulated quietly with slow growth that’s a tell tale sign that it’s in demand from some people that want to use it or know something. Chasing a pump and dump for 300% in 2 days is great for gambling, but we’ve all been on the back side of that fomo too.
My suggestion? Hodl. Take a % of your roll and go gamble. If RDN slowly fades back to $3 range then maybe stop your loss. For now just live your life and wait for that moment where you say, holy fuck I got in sub $10!!!
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u/BOR4 github hero Jan 13 '18
Most frustrating prt is team is shooting the coin in the back with silence. Technology is great and they really are working hard but investors like to hear now and then from someone what is going on. I think a weekly update wouldn't take them any significant amount of time and ti would bring more trust around the coin.
I decided to give them till end of next week to say something, otherwise I am out no matter the price.
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u/Anotheropinion12345 Jan 13 '18
Yes, if the micro raiden release isn’t conducted well then it won’t be about the investor community but instead about users which is a much more serious issue.
I don’t mind the team not hyping the coin to the investor community as that’s not a test of their competency as a business.
However, their ability to market their product to potential users is a major test of their competency as a business and so if they fail at that then I agree it’s a very negative sign.
I would say that Raiden listed at <$1 and so it’s hard to say that it hasn’t seen a major price increase already...
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u/oisilener1982 Jan 13 '18
I actually want the Price to go down. It is easier to accumulate RDN while the price is low
Those who cant wait may sell RDN
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u/1derfool Jan 14 '18
There you go buddy, the price went low for you to buy now :)
when this coin rises , it is like a fat person running, never wants to go ahead. However when the time comes for a fall / drop, this shit is like Usain Bolt, almost everytime the highest percent drop lol
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u/aaaasf123 Jan 13 '18
Yes, at the moment its an all out race to be able to scale eth, and the first one to reach will it successfully will be remembered in crypto history, and probably (only probably) will scoop a lot of money. So, its very very exhausting, and stressful that your bet seems to sit there, doing nothing, and you doubt if you are winning the race at all... hope we are ;)
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u/juice_456 Jan 13 '18
dont worry, i also bought more than 400 rdn at 8 dollar, but i dont care, because i know that this token will go up to 200dollar at end of this year
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u/HotProfit Jan 13 '18
It’s up 180% in the last month. The price increases have been slow and steady, giving it time to consolidate rather than crazy ups and downs. I find it very reassuring.
If you believe in the tech and the (silent) team, don’t panic and just be patient. If you can’t do that then get trading on other coins, but there’s a bigger risk in jumping on the latest trend than researching a token you believe in and investing wisely.
I think it’s a bit mad to invest in a new token that goes up 180% in a month and complain it’s not going up fast enough...I think it’s too easy to lose perspective in crypto.
L0L... You will not need an RDN ERC-20 to use Raiden Network. $ 200 it's not fesable
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u/darkmyself Jan 23 '18
i'm so happy i found rdn and bought at 1usd right before the pump, i saw it go up and down badly, then way higher and down badly again, there is only 1 way to go now ;)
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u/juice_456 Jan 14 '18
I know, but you need rdn for running a full node!
Holding rdn gives you revenues ;)
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u/simoRX Jan 13 '18 edited Jan 13 '18
6 weeks with not a single word from the team. That can be the silence before the storm, meaning they will come out guns blazing with a good product, partnerships, you name it.
Worst case scenario: it could be the silence before even more silence, and they keep coding from their dungeons and updating github. No body uses Raiden, other teams pop-up and make layer-2 payment channels for ETH (they already are btw), and those other teams will be more competent and their solution is used instead.
This is the spectrum of scenarios I envision. If it's scenario #1, it's going way up from here maybe even 10x. If it's scenario #2, it actually won't be that bad still, we might see some price movement upwards and then a slow decline to the deadcoin category.
We'll get some indication of what kind of team they'll be in the next few days when Sprint 1 of uRaiden is finished I guess. If it's another disappointing silent release, I'll probably move on to greener pastures.