GVT-I eventually traded all the coins I invested in starting in 2017 into this coin. Stopped paying attention to my holdings on Binance and I guess they split off into US and non US Binance. Then you couldn’t trade it in the US and Binance stole all of my GVT. I have nothing left of all my initial investments back in 2017. It wasn’t a whole lot of money, but I would be doing very well today if I had kept my BTC and ETH instead of trading it and other coins for GVT. Don’t even know if the coin is still alive.
All my coins from 2017 when I started. Eventually started trading them for GVT. Even when we couldn’t do anti with them on the US, I kept them on Binance. I guess I thought GVT was a good idea. Then Binance changed to a US version. My GVT are all on a non US Binance, I can’t get into. I traded all my BTC, ETH, LTC, Nano and who know what else into GVT. All gone-luckily not a big spender, so lost about $4000. But bought some of this other coins at low prices.
Crédit Suisse, if they collapse, will not trigger the market like the situation in 2008 In 2008, banks didn't anticipated it, it was a big black swan Now, banks are accounting for it, and GVT will have to. It would not have 0 consequences, but it shouldn't be so dramatic
Nano (XRB) of course But there were others. I liked Genesis Vision (GVT) - basically invest in managers who then trade and you can invest into their funds. WABI was cool too - it was like product loyalty rewards paid in Crypto in China
>all that money could've been spent on something actually useful like mass transit, and CA could use that. Ok.. it coulda. It didn’t. How has California been doing with their other spending? Lol >Except its the US govt spending taxpayer dollars on stuff that hasn't actually benefited taxpayers directly. Besides the fact that taxes don’t really do the funding. Since when was GVT spend to help citizens? Whatever they are trying isn’t working so great. What would be amazing is if there were an asset class that took advantage of the inflation of monetary supply. Maybe even some business men could take advantage too. Keep the printer rolling. You figure it out yet?
Can anyone tell me why GVT token from Genesis Vision died? I've been out of the loop for a while and I found the site again via google search for crypto funds. I remember it was all the rage back in the day. It seems pretty cool now that it launched (except the funds have super low amounts invested) but I don't want to invest in the funds if it isn't safe. https://genesis.vision/invest/funds
Rip *holding till moon or till zero kind of souls*. Having started in 2017, also had that kind mentality for a bit, was invested in shit like WTC, GVT, AION and even worse. Then learnt to cut losses in 2018, did my due diligence, DCAed as mad and was green as early as 2019!
Sounds like a cool mixture of features though I would be careful about getting into them. The vesting schedule for rewards is not an uncommon idea, Kava, DeFi Kingdoms, Viperswap, and Dinoswap all have drip fed rewards over time that eventually scale out. While this stops people from dumping it can cause slow bleed situations due to locked assets being a little bit frustrating. Early adopters find this stuff and have historically hated it making it hard for projects to spread by word of mouth if they use vesting even though it seems like perfect protection for them, also I don't like to bet heavily on supply squeezes. Numbers can be very hard to track effectively. That said vestingusually shows a solid commitment from the team. As for the PWRD and GVT is sounds quite a bit like Ergo's SigmaUSD protocol or RSR/RSV. Stablecoin utilization with an external risk bearing asset for high yields is a pretty cool and innovative idea that's been coming up lately. As more money enters the space and volatility decreases I think this could become a solid framework to build upon further but trying to do so now with meager TVLs is kinda like walking into a test on the first day of class. If it can get through this and maintain returns and pegs it'd be pretty awesome. I'm guessing this is all done through something like Yearn or Curve forks to maximize yields on the stables? If so, those numbers are kinda just okay compared to LPing for stables yourself but maybe I'm under selling it and the mechanisms.
I sold it all a fair time ago but GVT was my first real dive into an alt, when I was still getting my head around the basic crypto knowledge. Had a great community and I was fully in on GVT94K and all that stuff. Then it just slowly died down, the excitement dwindled and I realised how roundabout and long winded their ecosystem was. So I sold it at the top of the next decent pump and feel a lot happier with what's happened since.
Genesis vision was a good idea and they did push out a working product on a shoestring budget. I gained and lost so much on cowboy managers. ARK invest and CryptoCanuck, may you burn in hell. The GVT funds were much better- the “kiwi saver” funds did really well through the bear market, if memory serves.
Yessss GVT!!! This is still thebest idea in crypto. I want my cross asset trading managers dammit!! They build the platform and just did suchhhh a shit job of making it good and marketing it. Probably cos they had no money left…. But this is a perfect, PERFECT use of crypto!!
Devery (EVE). It had a similar use case to Origin Trail (TRAC) and i decided to flip my TRAC investment to EVE. I then proceeded to invest about $4.5K buying the dips in 2018 and 2019. I'm still holding it, down -92%, so like 300 bucks. But I don't even think I could sell it even if I wanted to because it's only on one exchange with no liquidity. Honorable mention Genesis Vision (GVT), but at least that one has an active Telegram group. Pretty sure that coin is dead man walking im just hoping for one random pump and then I'll get out of that one.
In '17 I got into bitcoin as I called it then, and bought Reddcoin because on the exchange I used this got me the most coins for the same cash. Yeah, I didn't really understand market cap and stuff. Lucky for me John McAfee tweeted about it and I made some instant cash. I bet on winners like GVT and WTC and got absolutely wrecked son. Took me a year to get over it.
https://genesis.vision/invest/funds Check it out; the idea is you use the native GVT currency to invest in different fund managers who utilise mixed asset classes to drive max returns and profit with a small fee. Essentially total decentralized multi class investment managers who trade on your behalf. Gnarly idea right?
Going to mention a few I haven't seen mentioned yet. Genesis Vision Token - It was supposed to be a platform where you could pay traders in GVT, which they would sell off to have capital to trade crypto, forex,etc, with clear transparency on the eth blockchain and you would receive the returns back as GVT at the end of the trading period. Turns out everyone sucks at trading lol and pretty much all their traders were negative right away. Komodo - KMD was another DAPP platform coin that was POW. They were working on atomic swaps so they could have a cross blockchain DEX. They floated around the top 100 until this bullrun.
I made the mistake of buying GVT at 13$ thinking it wasn’t done going up. Keep in mind it had already peaked at 16$. I watched all of my money disappear over the course of 2 days. It was a nightmare. Say what you will about the stupidity of investing in GVT.
Just ask the people that bought the top on XRP, XLM, WAN, GVT or dozens of other alts last in 2018 how well ‘just hodl’ is going for them. I said it today already and I’ll say it again: just hodl works for Bitcoin is a viable strategy for Bitcoin, it isn’t a viable strategy for alts with the possible exception of ETH, but even that carries significant long term risk.
Yeah I was fully invested in the shitcoin train back then...TRON, REQ, GVT etc. Sold Tron not at the peak but around there so got a nice profit, wasn’t so lucky with REQ, GVT, and the rest and took some big losses, but at least they got deducted in my tax return lol