well i bought a modest sum, looks very interesting project. price is good too.
What was
good about the price that made you decide to buy? I mean, it was $0.56 and right now is $0.36 -> doesn't seem too good to me.
At $0.56 it was
7x ICO, I never understand why people want to fill others pockets up like that. The price has been going in one direction only and its still 4x. I know people hope and pray for things to go up and they make bucket loads of money - but being blind doesn't make you buy good coins at good prices. This is neither a good coin nor a good price.
If we only valued projects based on ICO price, then Bancor & EOS must be awesome! Perhaps the dev team of QRL decided they didn't need $25 million to bring their project to market and are allowing early investors to be rewarded for their faith in the team. I only wish more projects would do this, not less. To then say that QRL is overvalued because it is "x" times ICO price is lazy at best.
The question is, what upside potential does QRL have if they successfully launch MainNet and are proved to have the most secure crypto in this space in regards to quantum computing hacks. If you think the answer to that question is #90 or lower on CMC, then by all means buy something else. If you think the value of being quantum secure is a top 30 coin (or better) as many do, then today's prices are a worthy value play.
Thanks for responding with a well considered and thought through response - they are rare these days, especially when someone writes something that you don't agree with. I respect what you've said and how you've said it.
"... The question is, what upside potential does QRL have if they successfully launch MainNet and are proved to have the most secure crypto in this space in regards to quantum computing hacks..." - That is a great question, and a correct question. But how do we answer that. Do we compare the potential value to other coins that are dubiously valued (overvalued) - your # 90 vs top 30 coin statement? Why compare to other coin values at all?
- If the upside potential to QRL successfully launching MainNet and are proved to have the most secure crypto in this space in regards to quantum computing hacks is
HUGE - what does this mean exactly? The HUGE part may only be worth $1M. Why on earth is it worth $20M or $200M or $2B?
My point is that it is all speculating - and people are free to speculate all that they want - but too many people are getting in on the upswings or at ATH's - not the best form of speculating. For my part, i just don't get it.
Whether other crypto projects are overvalued or not is irrelevant to how I view QRL. Let's say for example I own $10,000 worth of stocks. I may very well take a $1,000 (10%) position in gold to offset my market risk. It doesn't matter if the current PE ratio is 5 or 25, my gold hedge will react the same - with a negative correlation to the stock market assuming a black swan event. This is how I view QRL - as both a hedge and as insurance.
So, therefore If I own $10,000 of crypto, and I want to diversify and protect against risk, what do I do? I can't control government regulations or whales manipulating markets. Those risks will always exist. But the ultimate risk is quantum computing hacking (and thereby undermining the confidence of) the entire crypto space. Once confidence is lost, it can take years or longer to be regained (assuming other cryptos adapt and become quantum resistant). So if/when quantum hacking becomes an imminent risk, and hacks begin, and funds are lost, QRL will act with a negative correlation to all the other non-QP crypto. So my crypto $10,000 might turn into $1,000 in a week, but my 10% QRL hedge position might go from $1,000 to $9,000 thereby netting me zero, but allowing me not to lose my shorts in the overall quantum hacking panic. QRL is the hedge that any serious crypto believer ought to take seriously. I believe investors are both smart and have a desire to protect their crypto investments to the greatest extent possible within their control. And if others learn about QRL, and learn about the real quantum threats that currently exist and that are on the horizon, why would they not take a position in it? What is the downside? Being the first Quantum secure and most secure crypto is worthy of a top 30 coin (or better) from my foxhole.