This guy is a very rich person. Not bad. I think this whale is also seeing the great potential mobilego got. He will be unbelieveable rich in one year. Then he can go to retirement.
The guys who are already rich enough to put so much into these projects can probably see that they'll be a big success, but it doesn't matter anyway. Millions are play money to them.
The guy who chooses between real life shit, or crypto investment for 3 years isn't feeling the same way about "just acquire more at these fire sale prices"
In fiat MGO will be back at ICO very soon but to get real profit you need ironed nervous system to see all the ups and downs. Anyone can understand what is being built and developed where will take the value of MGO in few months. It will not be easy to hold but worth for gain to endure the procedure for big profit.
the biggest issue, and I'm not even considering it I'm just playing devil's advocate, is competition.
Competitors could spring up at any time, despite what ANYONE says. Competition is typically good because it could force the MGO team to switch into high gear, but it could end up with another winner.
I believe in the long term success of MGO, but have to acknowledge that even if they are going according to roadmap, now that their idea for an asset is out there, some other nerds could come along at any point and use the freedom of social media to gain followers for a copycat asset.
Look at the debates between the monaco/tenx fanboys... This is the internet bubble 2.0...we're going to see plenty of valid projects that succeed, and plenty of valid projects that fail...and plenty, plenty
PLENTY of crap vapor projects that will die out fairly quickly and be forgotten, lost to time...
I think for now at least MGO has no competitors but I havn't been following MGO as we all know it's easier to just plant em and go on about your life and wait. But, if any serious competitors come into the arena you need to not just dismiss them and keep an open mind...there will be bag holders at the end of this bubble and you'll want to be ready to see clearly without fanboy emotions blocking your logic. You want to invest in the winner project in every type of blockchain application like real estate, automotive sales etc. There will be projects for every single utility, but only 1 or a few will win the market for each respective utility.
I want MGO to be the go to name for competitive esports wagering and tournament shit it sounds so legit...but even if it's not a competitor Mark Cuban made his own coin for his online gambling network he already had in place so that's at least something to keep an eye on. Just like Bitcoin isn't 'worth' 7.6k a coin, whichever token ebcomes known as the go to wagering token for games and shit is going to get the network effect compounded.