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Post by Pete on Oct 15, 2017 13:19:06 GMT -6
You mean short term or long term?
I've no idea at all, I'd just like it to gradually move up as more and more people use it, and hopefully not so volatile that it puts people off the idea of using it as a replacement currency.
Wonder where it would be if all those 2.2bn smartphones adopted it.
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Post by Pete on Oct 16, 2017 6:22:19 GMT -6
People shouldn't expect a one way ticket here, prices can go DOWN as well.
It shouldn't happen if the product is good and rolled out swiftly, but markets are funny. Prices get forced down and manipulated by bots and whales or just drift through lack of interest for a while.
I'm in this for the long term!
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Post by daveyd on Oct 17, 2017 6:14:11 GMT -6
I will use several phone to mine  |
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Post by mrnewguy on Oct 18, 2017 9:16:26 GMT -6
My personal prediction based on other coins launches :
1st week: 0.02€
2nd week: huge drop due to ppl selling it for quick cash: 0.0001€
2nd month: new raise because people start buying it for its low price. it reaches 0.02€again
after 1 year: if marketing goes well and the dev team start giving good news and some mobile apps start accepting etn: 0.4€
after 2 years: if ETN has at least 1Million people using it in various mobile apps/websites : 1€
From this point on we could go for the sky and the 10€ mark if big brands endorse the coin (amazon, facebook, ea sports, ubisoft, william hills casino, pokerstars)
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Post by Pete on Oct 18, 2017 11:49:13 GMT -6
Interesting, hope to scoop up a load more in that second week!
I hear that Amazon are taking some persuading to accept BTC, never mind ETN, but would be great if this happened.
How many of us here are eBay sellers and would be willing to accept ETN as payment from buyers?
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Post by mrnewguy on Oct 18, 2017 12:24:58 GMT -6
Interesting, hope to scoop up a load more in that second week! I hear that Amazon are taking some persuading to accept BTC, never mind ETN, but would be great if this happened. How many of us here are eBay sellers and would be willing to accept ETN as payment from buyers? i would accept ETN on ebay (but i am a normal citizen seller; i sell my old phone or my old watch. stuff like that, so nothing big). But i would totally accept ETN (not right now, i would have to see a stable >0.02€ coin value for at least 2 months) |
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Post by Pete on Oct 18, 2017 12:38:29 GMT -6
Interesting, hope to scoop up a load more in that second week! I hear that Amazon are taking some persuading to accept BTC, never mind ETN, but would be great if this happened. How many of us here are eBay sellers and would be willing to accept ETN as payment from buyers? i would accept ETN on ebay (but i am a normal citizen seller; i sell my old phone or my old watch. stuff like that, so nothing big). But i would totally accept ETN (not right now, i would have to see a stable >0.02€ coin value for at least 2 months) Yeah, volatility could put people right off (same applies to BTC) |
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Post by mrnewguy on Oct 18, 2017 12:42:26 GMT -6
I think it will be $1 in a year. People will start mining on their phones and the masses will adopt the app. After November 1st we will all have to spread the word, just say to people "did you know you can make money just by leaving your phone switched on?" Even if it's only a very small amount of coins they can get per month, they have the chance of it increasing in value. Why wouldn't anyone do this? The only thing stopping it is, apathy, inertia, can't be bothered to download the app, etc. Now if phones would come with the app pre-installed, ah now we're talking! Samsung, Apple are you listening???!! Tell a kid playing clash of clans 15 hours a day that he can mine 10$ a month to buy ingame gold and we will have 30millions kids using Electroneum mobile mining app  |
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etnsab
Electron
My brain is overflowing with the potential of Electroneum! :-)
Posts: 26 
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Post by etnsab on Oct 18, 2017 15:25:37 GMT -6
Before I even start reading the big posts posted by the other users(to avoid getting biased), I'll take some time to write about what I think the future of Electroneum looks like. Electroneum caught my eyes for one reason, the mobile mining. When I saw this I instantly saw the potential of something huge in the making. Let's think about it, 2+ billion smaratphones in the world, and even if 1% of people use it that's already 20,000,000 users. There are economies that are run with a population of less than 1M people (My native country, Mauritius has 1.3 Mill people I think). So what does that mean? It simply means that Electroneum has the potential to be adopted and used everywhere and easily. To think that the average individual without much technical background can download an app, play a game and get some coins that they can spend elsewhere is really really really tempting. Behavioral studies have shown that people like to get stuff for free, so who would say no to some free "money"? Now let's take a look at the stats that we have so far: Number of users: 253000+ ETN sold: 3.78 Billions + We can see 2 things from those stats: 1. A lot of people are buying into it (obviously lol) 2. ETN has already gone viral. (This is the important one here) Yes, ETN has already gone viral. 253,000+ users in a month is simply GROUND BREAKING! If we use some simple math to find a trend, we are looking at around 375K users by the end of the ICO. Given the fact that the ICO closes in a 13 days, a lot of people will still buy in just to make sure they don't completely miss the boat. If we look at Bitcoin, nobody expected it to attain the price it's trending at today and yet it surpassed all expectations. However, Bitcoin is now scarce, it's expensive and it's not accessible to a vast majority of people. If there was a way to know how many people in the world own some bitcoins, the value would be very very very low. Let's think about it, if 1 person owned 1 BTC, there would be 16Million people owning BTC in the world. Unfortunately, that's not the case. A good chuck of people have more than 10000 Bitcoin. So, let's just cut the amount by half and say 8 Million people(Still a lot in my opinion) have some Bitcoins in the world. That's not a lot. Now, let's look at the ease of access to Bitcoins. I'm from Mauritius where there is no crypto currency exchanges that exist in there. I study in South Africa and there are a few exchanges here. Are they cheap? No, the prices are way more than the exchanges such as Coinbas and the likes. Are they accessible? Kind of. Going through all the hassles of getting some Bitcoin is not fun. I really wanted to join Electroneum at the 40% Bonus and ended up getting them near the ending days of the 20% Bonus. That's how long it took me to be able to get some Bitcoins and on top of that, the fees involved were so much. This brings us to Electroneum. The guys behind it seem to have clearly thought about this, and decided to target the masses. The Mobile Mining Experience is the key to gaining a global visibility. Just imagine someone in a remote part of Africa with an internet access being able to download the app, make some ETNs and use it to buy stuff? How cool would that be? This goes WAY beyond just games. With 20,000,000 people across the globe with the Electroneum App on their phone and ETN to spend, this would create a very very high adoption rate by many retailers. Being able to simply tap and transfer coins is easy, quick and efficient. This removes all the hassle of going through a myriad of processes to get your hands on some ETN. This is what will make it work. The more people who use it, the more companies will want to adopt it as there will be a demand for the use of ETNs. Business will want to have a piece of that market and they will therefore provide a supply for those people. Once this happens, we get a market based around ETN. ECO101! The future then looks bright. It would be easy for someone anywhere in the world to simply pay using ETN as there is already an app for it. The team is providing us with all the tools to make our lives easier when it comes to cryptocurrencies and that is a game changer. It will be like the early days of Paypal. Electroneum has the potential of making a breakthrough in the cryptocurrency market and the guys behind it have already figured this out. Now, let's take a look at the potential it has for games. Electroneum is based in UK. Just London has more than 500 game companies and games bring more than 4 Billion GBP to their economy. That's a lot! It shows that the market is thriving and that's just London. With all the networks the guys behind Electroneum have, they will be able to get Electroneum integrated in a lot of markets in UK, not just games. This again will increase the demand for ETNs, more people will want to have it, people will want to have the app they saw on their friends' phones and the adoption will be increasing exponentially in the early months of Electroneum. This will be enough for them to push a lot of things out one by one and attain a global market! Then the sky will be the limit. Electroneum has the potential of being a $50 Billion market in the 3 years to come. If we look at Monero for example, 83% have been mined in 3 years. Let's assume 75% of ETNs are mined in the first 3 years. At 14 Billion ETNs in circulation and with a price of $1 per ETN, we are looking at a market cap of $ 14 Billion. That's not a lot. In 3 years, a price of $4-5/ETN at a $45 Billion is very plausible. The thing that makes Electroneum work is that it's backed by people who are trying to make it into a proper solution. With all that said, a lot will depend on the team. Ells and his team have already made history with the ICO. They are brilliant people with a solid vision for Electroneum and they are not planning for the short-run. They want to gain a sizeable market share in the years down the line and I believe that it will work. In my opinion, 2018 will be the year that will seal the fate of Electroneum. If they manage to get what they have planned done and if they manage to get a sizeable amount of people to get aboard and adopt ETN, they will revolutionize the cryptoccurency market. They just have everything in place, and laid out to get it right. All that needs to happen from November 1, is good ol' execution and the rest will be history... A little bacgkround about me: I'm currently a BSc student in Computer Science and Mathematics in South Africa. I am one of those persons who was offered Bitcoins back in the days when it was 0.0001 and didn't know or even bother to know what Bitcoin was. Of course, back then I was 15 and barely knew much about anything. So when I have been randomly seeing Electroneum ads popping up on my Facebook feed for quite a while, I decided to take a look at it. As interesting as it looked, I hadn't read the whitepaper yet, I wasn't sure whether to get it or not and most of all, I didn't know much about cryptocurrencies at all. So, whatever, I'm going to write here will be based on what I've learned about for the past 2-3 weeks. I'm not an expert into investing or cryptoccurencies. I'm in fact very new to all of this. Everything written here are things that I've been thinking about for the potential of ETN and used basic knowledge acquired through my college courses. :-) There's still some time to get some Electroneum with a 1% Bonus. If you enjoyed my post, I would appreciate to get some referral sign ups: my.electroneum.com/join/9E5EAF |
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Post by mrnewguy on Oct 18, 2017 15:42:00 GMT -6
Before I even start reading the big posts posted by the other users(to avoid getting biased), I'll take some time to write about what I think the future of Electroneum looks like. Electroneum caught my eyes for one reason, the mobile mining. When I saw this I instantly saw the potential of something huge in the making. Let's think about it, 2+ billion smaratphones in the world, and even if 1% of people use it that's already 20,000,000 users. There are economies that are run with a population of less than 1M people (My native country, Mauritius has 1.3 Mill people I think). So what does that mean? It simply means that Electroneum has the potential to be adopted and used everywhere and easily. To think that the average individual without much technical background can download an app, play a game and get some coins that they can spend elsewhere is really really really tempting. Behavioral studies have shown that people like to get stuff for free, so who would say no to some free "money"? Now let's take a look at the stats that we have so far: Number of users: 253000+ ETN sold: 3.78 Billions + We can see 2 things from those stats: 1. A lot of people are buying into it (obviously lol) 2. ETN has already gone viral. (This is the important one here) Yes, ETN has already gone viral. 253,000+ users in a month is simply GROUND BREAKING! If we use some simple math to find a trend, we are looking at around 375K users by the end of the ICO. Given the fact that the ICO closes in a 13 days, a lot of people will still buy in just to make sure they don't completely miss the boat. If we look at Bitcoin, nobody expected it to attain the price it's trending at today and yet it surpassed all expectations. However, Bitcoin is now scarce, it's expensive and it's not accessible to a vast majority of people. If there was a way to know how many people in the world own some bitcoins, the value would be very very very low. Let's think about it, if 1 person owned 1 BTC, there would be 16Million people owning BTC in the world. Unfortunately, that's not the case. A good chuck of people have more than 10000 Bitcoin. So, let's just cut the amount by half and say 8 Million people(Still a lot in my opinion) have some Bitcoins in the world. That's not a lot. Now, let's look at the ease of access to Bitcoins. I'm from Mauritius where there is no crypto currency exchanges that exist in there. I study in South Africa and there are a few exchanges here. Are they cheap? No, the prices are way more than the exchanges such as Coinbas and the likes. Are they accessible? Kind of. Going through all the hassles of getting some Bitcoin is not fun. I really wanted to join Electroneum at the 40% Bonus and ended up getting them near the ending days of the 20% Bonus. That's how long it took me to be able to get some Bitcoins and on top of that, the fees involved were so much. This brings us to Electroneum. The guys behind it seem to have clearly thought about this, and decided to target the masses. The Mobile Mining Experience is the key to gaining a global visibility. Just imagine someone in a remote part of Africa with an internet access being able to download the app, make some ETNs and use it to buy stuff? How cool would that be? This goes WAY beyond just games. With 20,000,000 people across the globe with the Electroneum App on their phone and ETN to spend, this would create a very very high adoption rate by many retailers. Being able to simply tap and transfer coins is easy, quick and efficient. This removes all the hassle of going through a myriad of processes to get your hands on some ETN. This is what will make it work. The more people who use it, the more companies will want to adopt it as there will be a demand for the use of ETNs. Business will want to have a piece of that market and they will therefore provide a supply for those people. Once this happens, we get a market based around ETN. ECO101! The future then looks bright. It would be easy for someone anywhere in the world to simply pay using ETN as there is already an app for it. The team is providing us with all the tools to make our lives easier when it comes to cryptocurrencies and that is a game changer. It will be like the early days of Paypal. Electroneum has the potential of making a breakthrough in the cryptocurrency market and the guys behind it have already figured this out. Now, let's take a look at the potential it has for games. Electroneum is based in UK. Just London has more than 500 game companies and games bring more than 4 Billion GBP to their economy. That's a lot! It shows that the market is thriving and that's just London. With all the networks the guys behind Electroneum have, they will be able to get Electroneum integrated in a lot of markets in UK, not just games. This again will increase the demand for ETNs, more people will want to have it, people will want to have the app they saw on their friends' phones and the adoption will be increasing exponentially in the early months of Electroneum. This will be enough for them to push a lot of things out one by one and attain a global market! Then the sky will be the limit. Electroneum has the potential of being a $50 Billion market in the 3 years to come. If we look at Monero for example, 83% have been mined in 3 years. Let's assume 75% of ETNs are mined in the first 3 years. At 14 Billion ETNs in circulation and with a price of $1 per ETN, we are looking at a market cap of $ 14 Billion. That's not a lot. In 3 years, a price of $4-5/ETN at a $45 Billion is very plausible. The thing that makes Electroneum work is that it's backed by people who are trying to make it into a proper solution. With all that said, a lot will depend on the team. Ells and his team have already made history with the ICO. They are brilliant people with a solid vision for Electroneum and they are not planning for the short-run. They want to gain a sizeable market share in the years down the line and I believe that it will work. In my opinion, 2018 will be the year that will seal the fate of Electroneum. If they manage to get what they have planned done and if they manage to get a sizeable amount of people to get aboard and adopt ETN, they will revolutionize the cryptoccurency market. They just have everything in place, and laid out to get it right. All that needs to happen from November 1, is good ol' execution and the rest will be history... A little bacgkround about me: I'm currently a BSc student in Computer Science and Mathematics in South Africa. I am one of those persons who was offered Bitcoins back in the days when it was 0.0001 and didn't know or even bother to know what Bitcoin was. Of course, back then I was 15 and barely knew much about anything. So when I have been randomly seeing Electroneum ads popping up on my Facebook feed for quite a while, I decided to take a look at it. As interesting as it looked, I hadn't read the whitepaper yet, I wasn't sure whether to get it or not and most of all, I didn't know much about cryptocurrencies at all. So, whatever, I'm going to write here will be based on what I've learned about for the past 2-3 weeks. I'm not an expert into investing or cryptoccurencies. I'm in fact very new to all of this. Everything written here are things that I've been thinking about for the potential of ETN and used basic knowledge acquired through my college courses. :-) There's still some time to get some Electroneum with a 1% Bonus. If you enjoyed my post, I would appreciate to get some referral sign ups: my.electroneum.com/join/9E5EAF What a nice analysis. I am impressed i must say. You have a really positive attitude about this project and i really hope you are right about electroneum future |
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etnsab
Electron
My brain is overflowing with the potential of Electroneum! :-)
Posts: 26
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Post by etnsab on Oct 18, 2017 17:05:55 GMT -6
I have a take on the future value of electroneum.... Any one that has been involved in network or telecommunications technology knows that the basic "value" of any network grows proportional to 2^n. This is also known as Metcalfe's law. (Look it up). This is a rule that has been understood well since the early era of telecommunications. Believe it or not, people used to scoff at the idea that the telephone would ever be that useful because in the early days, there weren't that many of them around and they were very expensive to implement. So, when people and organizations looked at buying into the technology, the cost to value ratio seemed so high. Of course, we see this dilemma with every network ever built. For example, if one is to look at the value of Facebook on February 4, 2004 when Mark Zuckerberg released it to the public, at one point, there were only 2 people using it. At that point it was not worth very much but impregnated in the source code DNA (which even Zuckerberg admitted he didn't know the power of at the time), was the inherent tendency for the system to go viral. The key ingredients for Facebook viral effect were the "relationship status" and the fact that you initially had to have a @harvard.edu email address to be allowed on the system. Turns out that the whole world wanted to be on a network where they could discover the relationship status of the "high value" Harvard grads. When that caught on, in a very short period of time, every Harvard student had signed up and Mark Zuckerberg needed to find more fresh meat. They naturally expanded exclusively to one ivy league school after another and then on to more public universities. Eventually it was published for worldwide use, but this caused a "crystalline-like" growth structure which is also known as the largest social network in the world. It currently has a market value of over 500 billion USD. If you really think about it, Facebook is just a network comprised of 1s and 0s and each and every participant in the network, added together, create its overall value. The primary value of that network is in its DNA. Facebook is uniquely comprised of people using their real names and seems to be an overlay of the real world interactions we all have. That was its secret to success. Every network has to be evaluated for its inherent ability to go viral. But what about cryptocurrency? All crypto assets are networks but they are not always necessarily viral in nature. They all improve in value as the number of participants increases. We have seen bitcoin grow at a slow viral pace for several years. Network viral spread can grow rapidly at first and then flame out as we have seen in many fad-like systems (e.g. hotornot.com). It can take many years to increase in popularity, but still be viral in nature (the internet itself), and then develop rapid adoption. All of us are familiar with these growth patterns. So all of us have high hopes in electroneum and believe it can go viral. We have seen numerous systems go viral as piggy-backs to known viral systems such as tinder or pinterest. In the case of electroneum, the developers have sensed that a system needed to be built to piggy-back on the smartphone sensation. Nobody has done this before. When I told my son (in passing) about this new electroneum idea, he was instantly excited about it and I later learned that he had recruited 7 of his buddies to get in on it. They went out and bought small fractions of bitcoin or ethereum, and then bought into the ICO. They are very excited to play the game itself and have assembled all the android devices that they can find to download the mining app once it is available. I suspect several of those 7 friends of his have told their respective friends. This all came about from me telling him about this almost accidentally! When I saw this effect myself, I had to double down on my investment in electroneum. In addition, I have personally referred 5 other people to invest with very little effort. They all have stakes in the ICO now. We have been informed that during the last 2 hours of the 40% bonus phase, over 100,000 visitors went to the site and the servers went down because of it. One of the hallmarks of some of the greatest viral systems ever to be invented ---> ...at some point, servers are overloading or crashing. Happened to Facebook. Happened in the early days to Google. Bitcoin is hovering between 70 and 100 billion in market value. It is the most trusted and widely used cryptocurrency. There are millions of users and the value of that system will only grow over time as we have seen. But as has been correctly pointed out, cryptocurrency has remained in reach primarily for the technologically elite among us. There has never been a coin invented for the masses. I personally believe that the general tendency of cryptocurrency enthusiasts is inherently anarchist. Most of them don't want to play ball with the real world. For Richard and the gang to take this leap into legitimacy represents a counter-intuitive movement which I believe is a step in the right direction. We will see crypto assets be a multi-trillion dollar market cap eventually. Right now, gold has a market cap of over 8 trillion. We are still in the infancy phase of this technology ecosystem and anyone investing now will be considered the pioneers of the movement and ultimately very wealthy. When people suggest that electroneum could hit 5-10 dollars each, I suspect we would need to see a network effect of at least 2 million people on the system for that to happen. Should this become "the Facebook of cryptocurrency", where we see mass downloads, adoption, and we see it used in real world commerce, this thing could see its market cap go into the trillions itself. I have said for years that the system that goes viral and mainstream will be a multi-trillion dollar network. If it isn't electroneum, it will be something that closely resembles it. ABOUT ME: I am enthusiastically invested in electroneum. My background is mathematics. I am currently a physician. I love the concept and am very excited for November 1st. I have to say I think the value of the electroneum ecosystem has the potential to go up substantially since it is going to be so easy to get into it! I have already told at least a dozen people about this that plan to download the app on November 1st and start mining. Most of these people have been way too intimidated over the years as I have told them about other cryptocurrencies. Even though they have marveled at the value of bitcoin rising over the years, this concept is the first time I have been able to get traction with these people. For example, my best friend that has wanted to get involved in bitcoin for years, has now decided that he is investing $200,000 in this ICO. This will be his first step into the world of crypto. This is a guy that I told to buy bitcoin when they were a few dollars each and he didn't. I have been involved in cryptocurrency since 2009 and was someone that originally mined bitcoin on my laptop. I have seen the evolution of crypto assets with a front row seat. I believe that cryptocurrency will supplant sovereign currency in time. It is more viable for world-wide asset securing than any technology we have seen before and fiat will simply not be able to compete with it over time. I have been very selective in my investments. All of them so far have paid out handsomely. My investments to date have been bitcoin (2009), NXT (2013), Litecoin (2012), Ardor/Ignis (2016), and now electroneum (2017). I really like how you put some thought on this. Excellent! |
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Post by uchihadesendent on Oct 18, 2017 18:58:27 GMT -6
I see this coin easily getting $1 in 6-12 months but I don't see why it should have trouble reaching $2-5 in 2-5 years
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Post by Pete on Oct 18, 2017 20:40:44 GMT -6
I really wanted to join Electroneum at the 40% Bonus and ended up getting them near the ending days of the 20% Bonus. That's how long it took me to be able to get some Bitcoins and on top of that, the fees involved were so much. Hi, the bit of your post that I've quoted above I think is important for another reason... many of the investors in ETN have put in quite small amounts of money. They are not big time investors, many of them have probably never been involved in cryptos at all. This will be even more true in the case of the people whose first involvement will be "mining" on their phone, those people who haven't even gone through the process of buying BTC to be able to take part in this ICO. Now, are all these people going to rush to join an exchange and dump their ETNs at the first chance? I don't think so... they will want to keep it, watch it grow in value thinking (rightly or wrongly) that it is the next Bitcoin, the next "big thing", or maybe spend it. The value of their investment is probably quite small, is it worth the difficulty and hassle of learning about exchanges, choosing the best one, assuming there is a choice of those offering an ETN market? Then selling their ETN which they were so keen to buy and converting it to BTC, then getting that converted back to fiat currency? Of course there will be some experienced traders with larger stakes among the 250,000 who might turn the "massive dump" they keep talking about into a self-fulfilling prophecy, but I think the "little guys" are in this for the long term with the difficulty of cashing out helping to keep them in. One thing I'm interested to see, is how much ETN is used for daily person to person transactions, regardless of retailer take up. If I ask someone to get me that 83 cent bottle of Coke (from the video) and I offer reimburse them in ETN, direct from my phone to their phone... whether they are happy to accept it, or if they instead demand to be paid in "real" money, that will be the real proof of how much this has been successful, not just in games and gambling, but the far bigger field of everyday life. |
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Post by Gosia. on Oct 18, 2017 21:17:33 GMT -6
If total mining supply of electroneum will be 14.700.000.000 and according to the white paper.......quote (If mobile miners are able to mine Electroneum worth USD $30 per month we will NOT release any bonus pool. If mining drops below that figure we will release enough to bump mobile mining up to $30 USD value per month) then with the price of ONE ETN $0.01 we will be able to mine 3000 coins per month and 36000 ETN per year/one account/IP address If 250.000 people/users will mine 36000 ETN per Year Then 9 billion ETN will be mined annually and by the end of the next year Total mining supply of ETN will be gone! IF the price of ETN goes up then we will be OK |
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Post by mrnewguy on Oct 18, 2017 23:24:30 GMT -6
If total mining supply of electroneum will be 14.700.000.000 and according to the white paper.......quote (If mobile miners are able to mine Electroneum worth USD $30 per month we will NOT release any bonus pool. If mining drops below that figure we will release enough to bump mobile mining up to $30 USD value per month) then with the price of ONE ETN $0.01 we will be able to mine 3000 coins per month and 36000 ETN per year/one account/IP address If 250.000 people/users will mine 36000 ETN per Year Then 9 billion ETN will be mined annually and by the end of the next year Total mining supply of ETN will be gone! IF the price of ETN goes up then we will be OK the difficulty of mining increases over time, I think that we will be able to mine 3000 coins per month at first, but as we mine more coins we would go down to 2000,1000, 500.... |
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