@nfs5, Still waiting... 0.0136 now and is only showing more signs of going lower. 0.006 from late July is support.
nfs5
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@b_fairheart, from a purely TA perspective, and looking at just the ETH/OMG chart (which is akin to trying to see in 5-D), yes, I agree with you. But fundamentals not TA rule alt projects that are at the beginning of their release journey. And the fundamentals are so so strong on this one. Did you watch the townhall yesterday? I must surely seem like a koolaid drunk fanboy... but... this is the dream project. OMG are literally the ones who are building plasma for ETH. By March 1 the price fun will begin...
b_fairheart
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@nfs5, What fundamentals lol? Let's review the facts shall we?
The DEX and omisego blockchain code is private so we have no idea how their progress is going. They refuse to tell us who their "conglomerate partner" and "nation state" are. They refuse to give us specific details on the beta test of SDK wallet and who is testing it and they only ever release the bare minimum amount of information to keep the community interested enough to stick around.
The omisego is extremely shady, my bet is they have not even started the development of the DEX or blockchain yet and if they have they're nowhere near finish, probably late 2018 / early 2019 we might see it on the test net. I love what the omisego team is trying to achieve but I'm in serious doubt about this project now. About the Town Hall thing, it was just words, which anyone can say to keep people happy.
When they actually announce their partnerships and those company confirm it, they release their SDK wallet and release the code for their blockchain and DEX, then I'll believe what they say. As of right now unfortunately they're either complete liars or just terrible at keeping their community informed.
nfs5
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@b_fairheart, You're definitely entitled to your opinion, but I'm not sure how you managed to get such a negative impression. Do you also feel the same way about Vitalik -- that he's possibly a charlatan? youtube.com/watch?v=_DPftmg7zR8
If you don't believe in Ethereum, then I can understand not believing in OMG. But that's pretty much the only scenario, given Vitalik's close involvement with OMG.
I also don't understand why you think OMG will hit their milestones late. It seems more likely they're going to hit them early, given their confidence in how well Plasma is coming along.
Anyway, I wish you luck in your investments!
b_fairheart
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@nfs5, my bet is Vitalik is just as much in the dark as the rest of us as he isn't actually developing omisego, he is quite shy and timid so the omisego team probably just tells him they're making progress without actually showing him the progress and he takes their word for it.
I opinions of omisego turned very negative when I realise they had no intention of releasing their code to github for public inspection, how the hell do you expect people to a) trust your project and b) buy your coin when they cannot even view your code! Every other project out there has their code on github and announces their partnerships with pride and excitement but not, not omisego, they have to keep everything hush hush and keep their community completely in the dark. No wonder the coin is dropping like a rock against eth and barely rising against the dollar, there is no public confidence and who can blame them to be honest.
However if everything does turn out OK and they release their code to github, SDK, DEX etc I reckon $200 omg is easily possible followed by $400 omg by the end of the year. As for Plasma, it's a joint project by ethereum foundation and omisego and I trust vitalik, I do not trust omisego at all unfortunately, they've become a black box in the crypto world, even EOS has their code publicly available... With the amount of secrecy surrounding omisego they're either partnered with the official Singaporean government or they're bullshitting and have nothing to show. Time will tell.
nfs5
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@b_fairheart, my quick rebuttals/speculations are:
-They can't release the partnership announcements 1) because they're under NDA (not speculation - this is what they've announced). But in my opinion the reason for that is because the partnerships are much much bigger and more serious than your average blue-chip crypto partnership (which are, as you surely know, overhyped and extremely minor/bordering on disingenuous and fake given the amount of sway they have on the crypto-buying masses)
-OMG is not releasing certain in-development code because they want to maintain a competitive advantage with the release imminent and they are testing extensively in large private beta. Upon release of public beta it will be available for anyone to inspect and use.
b_fairheart
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@nfs5, Well I hope for both our sake's you're right because I have a hefty stake in omg so whatever this conglomerate partner and nation state are (their words) it better be good enough to 30x the coin otherwise I would have been better off just holding eth which will probably be at least 5k by the end of the year.