Price of ETN for a period of time ?

[dchanev]

Good day to all ! 
They have the best ICO Crowdsale for all of any other Cryptocurrency ! So this thread is for everyone saying his predictions on what will be the price of one Electroneum after coming live on other trading platforms. Because first coins are being sold to 400$, then the price start's to go down and down... and i think when everyone sells their shares of this company and when she come's out on other platforms.. the price will start to go up ! For me when more people start to read and find out about Electroneum they will start buying and raise the price. I think it will become 'till NewYear 2018 at 5$.   Please explain more about your prediction.
Soon the price will become 0,01 USD and it will be a great opportunity to buy shares !  

[ironwill]

Nov 5, 2017 7:04:40 GMT -6 dchanev said:

Good day to all ! 
So this thread is for everyone saying his predictions on what will be the price of one Electroneum after coming live on other trading platforms. Because first coins are being sold to 400$, then the price start's to go down and down... and i think when everyone sells their shares of this company and when she come's out on other platforms.. the price will start to go up ! For me when more people start to read and find out about Electroneum they will start buying and raise the price. I think it will become 'till NewYear 2018 at 5$.   Please explain more about your prediction.
Soon the price will become 0,01 USD and it will be a great opportunity to buy shares !  

I was just getting ready to start this thread until I saw yours.  Please allow me to throw in my 10 cents (or 5 ETN at current value) into the conversation.  Beforehand, I just want to say that I'm not a company man and these thoughts are just my best guess and prediction.  I might have a couple things wrong due to lack of correct information, and if so, please try to enlighten me so I can get smarter!

I personally do not think the ETN will get that high in value in the long run.  As you said dchanev, it will skyrocket the first month.  This is because the mobile app will not have been in operation.  Only the ICO investments will be out there for people to buy, and so many are simply rabid to buy some.  At 2 or 3 cents, some of the investors will sell to quickly double or triple their money.  Smart ones will not.  However, I see an ETN settling out around $.50 after the initial spike.  Possibly even lower at $.25 .  I'll try to explain why. 

You see, the mobile app is complimentary, not real mining...just a simulation. Therefore, they don't affect the 21 B block chain. Yet they can sell them on exchanges. This is going to flood the market with disproportional block chain mining/ sum totals, and it will keep the price much lower than most 21 B block chain alt coins that are around 100-300 USD. They've said they are shooting for 20-30 bucks a month on decent smart phones, for mining continuously...in the recent interview. Also they intend for ETN to be used as in-game currency in the future with many games.  Let's look at these two factors:

1.  20-30 USD per month on mobile mining phone.  In order to keep people entertained at mining on their mobile app (targeting teens and young gamers), they will need to produce enough ETN / day to impress them and keep their attention.  For example, if a 15 year old was mining with the app and it gave him .5 ETN in 24 hours, in one month he/she would make 15 ETN.  And at $2.00/ETN... that's 30 bucks.   However, that teen is going to become quickly bored with .5 ETN per day.  Youth today want results now, not a month from now.  So to keep them happy, this app is going to have to spit out at least 5-8 ETN per day giving a balance of 150-240 ETN per month.  You can see how dissapointed all of us miners are if we're not making 40 ETN per day.  Now I'm guessing this 5-8 is the MINIMUM that teens will accept with the app before losing interest.  As you can see... if the ETN is even $ 1.00 , 150-240 bucks /mo. is not in line with what the company is projecting.  So in order to hit the 20-30 dollar/mo. (we'll call it 25 as a median amount), 150-240 ETN has to fall into the range of  $ 0.17 - $0.10 / ETN.  If there were a minimum mobile mining experience of just 3 ETN per day, that's 90 ETN/mo. or around $0.28 / ETN to manage their $25.00 output for mobile mining.  Now lets take an average from 3,5,8 ETN examples...5 ETN per day.  Now imaging 1 million mobile miners making 5 ETN per day for 1 year.  Personally I think it's going to be more like 10 million miners, but lets be conservative for best looking results.  That's 1.8 billion in one year.  That means in 12 years, around 21 billion ETN will flood the market, in essence "watering down" the value of the blockchain ETN.   If its 10 million miners, you will get to that 21 billion mark in less than 15 months!  

2.  In game currency.  Most games today are free to play and offer in-game incentives that you can buy with in-game currency.  However, you get this in-game currency by purchasing it from the game maker with real money.  If what I've read from their white paper is correct, the ETN founders are looking to incorporate electroneum into games as a way to pay for that in-game currency.  This presents a problem of value however.  The problem is that most games' items that you can buy are anywhere from 2-10 dollars.  So, if you go back to the mobile mining per day of 5 ETN, that gives you 150 ETN per month.  Most kids spend $20.00 for ingame money (mostly on parent's CC) in a month or so, unless Mom and Dad get seriously pissed, then it stops all together   Anyway, that means that 150 needs to match no more than the $20.00 per month.  Once again that's about $0.13 USD / ETN    If this is done, then an obvious requirement is for the game companies to recoup their money, therefore they'd have to turn around and sell it on the exchange which, as a result, does the same thing at flooding the market with extra ETN as the mobile miners do in sample 1.  

I hope I have some of the source information wrong, because I would also like to see it at $2.00 /ETN or even $10.00 /ETN, but that would make easy millionaires out of all the miners and investors, that I just don't see it happening.  Say you bought $5,000 bucks worth of ICO when it was at the .66 sale price at the beginning of the token sale.  That's 750,000 ETN.  Let's then say that the ETN is at the "hyped up" 10.00/ETN.  Thats 7.5 million.  I just don't think people can turn 5,000 into 7.5 million in 1 or 2 years.  Life isn't that easy.   A more realistic price per ETN would be .15 / ETN which would pay that 5k investor $112,000.00 USD.  That seems more realistic.  

Anyway, I hope I'm wrong, because I want to be a millionaire!

[ElectroTNCM2626]

To me, bitcoin and ethereum are at the value they are at partly because they are the main two cryptos that are used as one avenue to cross over from the fiat world into the crypto world to either trade on exchanges or buy into ICOs. So they are being widely used and money is flowing in and out of these two cryptos.

This is where I think ETN has a chance to go big. It's a combination of the idea behind the ETN crypto and the people behind it. It's about reaching untapped markets with this coin to people globally that otherwise have no access to BTC or ETH. That could take years. But for some chinese, india, or african kid to be able to "mine" ETN on their device and then get some USD pocket change from an exchange, that can catch on globally like wildfire.

Now obviously, the people behind ETN have connections. And those connections might extend out to big players in the gaming, casino, and online retail markets in which they might give exclusive rights to ETN as the sole crypto to exercise crypto-commerce on their site.

So I think ETN has a shot at going big if the crypto is adopted and used by many and becomes a gateway crypto to online markets in the same way BTC and ETH are gateways into the crypto world itelf.

I think it has a shot one day in the distant future of $100. Remember, 99.99% of the world doesn't even use nor acknowledge cryptos in general. We are only at the very tip of a huge monetary revolution.

[mrnewguy]

i think price will go down as soon as all the wallets are released, and it will start going back up slowly but steadly in the future