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Post by mrnewguy on Oct 23, 2017 2:38:18 GMT -6
This is why. Valid analysis.
Too long;didn't watch : anyone saying that ETN can't reach more than 1$ because the market cap would bee to high is not taking in consideration the accelerated speed at which crypto market is growing. Market caps are growing 10x every year and accelerating. A 100B market cap today is a lot, in 1 year will be standard, in 2 year will be the cap of the 40th coin in the chart
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Post by ei lad on Oct 23, 2017 2:56:17 GMT -6
Trying to get my head around this. So, if you had 35,000 ETN and it went to $5, does this mean the valuation is $17.5 million (£13.28 million) or $175,000 (£132,000)?
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vish
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Now we wait
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Post by vish on Oct 23, 2017 3:33:36 GMT -6
that would be 350 bucks worth ... x 500 ( 100 per dollar/coin) = 175.000 bucks in total.
The price per coin would have to be 50 bucks per coin ( x 5000) to get your millions.
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Post by ei lad on Oct 23, 2017 4:19:46 GMT -6
Cheers Vish.
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Post by jiren on Oct 23, 2017 5:09:20 GMT -6
You will never get your millions with the average 200 dollar investment. Just some pocket change if we are lucky and ETN takes off. Those talking about becoming millionaires should have atleast invested 2k $ and up and being very optimistic. In fact I'd say the only realistic way to hit bank with this is to have invested 10k+ USD . A huge risk but if you can afford it why not. 10 000 $ = 1 million tokens at 0.01 $ per ETN. If ETN value should increase a hundred fold to 1$ your 10k USD will become a million. I'd wager people investing such a large amount of cash are going to pump and dump way sooner though.
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vish
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Now we wait
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Post by vish on Oct 23, 2017 9:51:17 GMT -6
thats what people said about bitcoin at the start... those that have bought 200 worth and just totally forget about them whilst mining for 10 years... they going to be happy at the end of it all. Forget about the pump and dump.. thats not where the avarage joe will make his money due to not investing in stupidly high amounts to begin with.
The whole point of this company is to make electroneum the crypto standard to go to across the globe... thats a loong term goal... and thats where the money will be.
Its a invest (gamble) and sit and wait years to see if they manage to do it. No one can predict the future market... but if one things for sure what we can predict is that the world will addopt a universal electronic currency at some point, and mobile phone usage and converage will increase. Will this company and coin be the one to get it all unified? thats the question. And for those that can sit on their coins ... mine in the mean time.. and wait to see if this all comes together, hopefully we'll get the rewards we all want.
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Post by Pete on Oct 23, 2017 10:55:37 GMT -6
We've just got to get the coins out there, so everyone has some, so it hits a critical mass and at some point even if something happens to the app or to the dev team the currency will exist and be in circulation in big enough amounts that it will never go away.
Those who say it's just a "I used the poopie word"coin with nothing exciting going on, are forgetting all those kids with their phones.
FREE MONEY!
is this as close as we will get to a universal basic income?
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Post by mrnewguy on Oct 23, 2017 11:33:56 GMT -6
universal income? i don't think so. by the time ETN will be global, there won't be any coins left to mine
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Post by Pete on Oct 23, 2017 11:41:06 GMT -6
So mining just stops? How do we process transactions then?
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Post by jiren on Oct 23, 2017 13:16:53 GMT -6
The supply seems like an isssue to me though. With ETN. And are not included in his calculations. What in the world is going to happen when it turns viral and they expect to distribute 30$ or 300 ETN per person per month? 10 million times 300= 3 billion coins per month they'll have to release from the blockchain. I mean how on earth are the PC miners going to keep up with this. So given this they'll reach a circulatory supply of over 20 billion in just 6 months ?? It's just too fast, the value is going to plummet into oblivion without corporate adoption. Good time to buy perhaps. And on the other hand if this strategy helps them to get so many users that will really help to get the companies onboard.
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Post by Pete on Oct 23, 2017 13:23:20 GMT -6
But the number of coins released goes down (and hopefully price goes up)....
I suppose there are going to be A LOT of PC miners as the PC mining will go viral too, but like you I'm not sure how it all stacks up and would like to see some "what if?" scenarios with different timescales and numbers of uesrs and miners.
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Post by jiren on Oct 23, 2017 13:32:39 GMT -6
Indeed, I'm sure they have thought of all this though. I guess we'll just have to wait and see.
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Post by mrnewguy on Oct 23, 2017 17:44:50 GMT -6
i thikn ETN will follow the same path as Bitcoin when it comes to mining and supply.
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Post by aironeous on Oct 23, 2017 22:10:30 GMT -6
I watched that video. The big take away I got was number of users. We have 300k day one, Litecoin 62k and they've had years.
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Post by silvercaveman on Oct 24, 2017 6:17:35 GMT -6
The supply seems like an isssue to me though. With ETN. And are not included in his calculations. What in the world is going to happen when it turns viral and they expect to distribute 30$ or 300 ETN per person per month? 10 million times 300= 3 billion coins per month they'll have to release from the blockchain. I mean how on earth are the PC miners going to keep up with this. So given this they'll reach a circulatory supply of over 20 billion in just 6 months ?? It's just too fast, the value is going to plummet into oblivion without corporate adoption. Good time to buy perhaps. And on the other hand if this strategy helps them to get so many users that will really help to get the companies onboard. If the plan remains for them to create $30usd worth of ETN for each user each month, they would surely make the number of ETN fluctuate based on its value. For example it would start out at 300 ETN per month based on $0.01 each, but at $0.02 it would be 150 ETN, at $1.00 it would be 30 ETN, etc etc... Therefore the circulating supply should still take time to increase. |
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helps us both out. 
