Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 328. (Read 490241 times)
top 13, top 10 close enough. my point should be obvious though. if i'm an investor in the IPO, i expect some return on my investment. with that valuation, sure there's room to grow, but with how crypto is lately, thats REALLY risky. if you disagree fine, but i'm just giving my perspective to some people who may not think about it like this.
with 1500btc the current cap is $1million
Top 5, Top 10, Top 15 - who cares? We are speaking about $6,000,000!
running the math on this, the IPO price point is expensive and quite frankly a little greedy. A top 10 market cap basically before launch? That's an awfully optimistic valuation
The math you're running is faulty.
Show me your calculations and I'll show you a back of the envelope calculation that disproves your premise.
Your argument:
Premise 1: The IPO price point will get syscoin to the top 10 in terms of market cap.
Conclusion 1: The developers are greedy
Not only is this a faulty argument, but if
the 1500 BTC worth of pre-sale
is 15% then 100% equals a market cap of: 0.15x = 1500 x= 10000 BTC
which is a top 14.
Top 14 Does not equal Top 10.
running the math on this, the IPO price point is expensive and quite frankly a little greedy. A top 10 market cap basically before launch? That's an awfully optimistic valuation
How have you done the math on that? 30+ million valuation at launch? can you even math?
lol i see you changed it to top 10 instead of 5, Still not even te right valuation
vampiro only calculate mined coins not coins that are not mined.
im selling my investment too at 3% discount, i believe in the coin but just hurried in buying. if you can wait till launch you can buy my investment. i will be buying closer to that date. you have a opportunity to get some cheap coins
[...snip...]
That said, looking forward to a more in-depth reply, once you gone through the crypto smart contract concepts.
That said, looking forward to a more in-depth reply, once you gone through the crypto smart contract concepts.
Still working on this, will have a more thorough reply later tonight. Probably one of the best [technical] questions we've gotten thus far!
[/quote]
And another concept is smart property, this is useful in future.
running the math on this, the IPO price point is expensive and quite frankly a little greedy. A top 10 market cap basically before launch? That's an awfully optimistic valuation
How have you done the math on that? 30+ million valuation at launch? can you even math?
lol i see you changed it to top 10 instead of 5, Still not even te right valuation
A few things and thoughts I'd like to add to this thread. Before I begin I should mention that I'm not associated with the SysCoin team or Moolah in any way. My opinions are my own.
Moolah's exchange is very new. I think it's literally 2-3 days old, so the jury is out on whether it will be a successful exchange with high trading volumes in the future. Maybe it won't, but I expect SysCoin will be traded on other platforms soon enough, which is why this specific issue shouldn't concern people too much.
I personally haven't used Moolah for anything so far, although I have been aware of their site and services for quite some time. I've been following their progress, and generally speaking, I think that they're moving in the right direction and have a good grasp on what the altcoin scene requires and desires. I like their user interface and overall approach. Moolah is (obviously) more than just an exchange, so it's quite possible that a different part of their business will take-off and they will find their success in some "non-exchange" niche. And maybe they won't become successful, who knows...
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
With that out of the way, I think some people in this thread need to take a step back for a second.
I'm not trying to call-out (or offend) anyone in particular, but be realistic with your expectations.
There are of course many legitimate and interesting questions being asked. However, everyone needs to remember that we're talking about a start-up company. It takes time to build a brand, gain recognition, become a trusted service provider, etc.
How long has it taken Bitcoin to be accepted by mainstream merchants? Bitcoin opened a door that will make it much easier for those that follow, but even Bitcoin has a lot of work to do before it becomes widely used/accepted.
On that note, when it comes to investing in start-up companies, at least as far as I'm concerned, there are two main things to take into consideration.
1. Do you believe in the product?
I think the answer to this question is pretty straightforward. We're all participating in this thread and forum because we clearly see the potential that cryptocurrencies and block-chain applications have. Whether or not SysCoin will be successful at marketing and selling their product is an entirely different question. That's why investing in start-up companies is a risky business.
2. Do you believe in the people involved?
This is perhaps the most important question. These type of ventures require a number of people with a range of different skills. From where I'm sitting, it definitely seems like the SysCoin team is well-rounded, professional, and meticulous.
Now, if these two boxes are ticked then it's really just a matter of calculating whether or not you (as an investor) are getting an equitable deal, and whether you believe there's a good enough chance you will get a decent return on your investment. Period.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Final Note:
Never invest/risk money than you can't afford to lose.
Moolah's exchange is very new. I think it's literally 2-3 days old, so the jury is out on whether it will be a successful exchange with high trading volumes in the future. Maybe it won't, but I expect SysCoin will be traded on other platforms soon enough, which is why this specific issue shouldn't concern people too much.
I personally haven't used Moolah for anything so far, although I have been aware of their site and services for quite some time. I've been following their progress, and generally speaking, I think that they're moving in the right direction and have a good grasp on what the altcoin scene requires and desires. I like their user interface and overall approach. Moolah is (obviously) more than just an exchange, so it's quite possible that a different part of their business will take-off and they will find their success in some "non-exchange" niche. And maybe they won't become successful, who knows...
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
With that out of the way, I think some people in this thread need to take a step back for a second.
I'm not trying to call-out (or offend) anyone in particular, but be realistic with your expectations.
There are of course many legitimate and interesting questions being asked. However, everyone needs to remember that we're talking about a start-up company. It takes time to build a brand, gain recognition, become a trusted service provider, etc.
How long has it taken Bitcoin to be accepted by mainstream merchants? Bitcoin opened a door that will make it much easier for those that follow, but even Bitcoin has a lot of work to do before it becomes widely used/accepted.
On that note, when it comes to investing in start-up companies, at least as far as I'm concerned, there are two main things to take into consideration.
1. Do you believe in the product?
I think the answer to this question is pretty straightforward. We're all participating in this thread and forum because we clearly see the potential that cryptocurrencies and block-chain applications have. Whether or not SysCoin will be successful at marketing and selling their product is an entirely different question. That's why investing in start-up companies is a risky business.
2. Do you believe in the people involved?
This is perhaps the most important question. These type of ventures require a number of people with a range of different skills. From where I'm sitting, it definitely seems like the SysCoin team is well-rounded, professional, and meticulous.
Now, if these two boxes are ticked then it's really just a matter of calculating whether or not you (as an investor) are getting an equitable deal, and whether you believe there's a good enough chance you will get a decent return on your investment. Period.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Final Note:
Never invest/risk money than you can't afford to lose.
I'm suggesting devs to reconsider and divide 15% coins among investors, no matter how much was btc invested.
running the math on this, the IPO price point is expensive and quite frankly a little greedy. A top 10 market cap basically before launch? That's an awfully optimistic valuation
Perhaps there is room for a service in buying smaller chunks of Syscoin,
I can do this for you for a fee of 0.1% of the amount of Syscoins you get. Or you can bunch up together and do a group buy.
I can do this for you for a fee of 0.1% of the amount of Syscoins you get. Or you can bunch up together and do a group buy.
Cool. Let me know if you want to buy my investment. I'm selling at a 2% discount over the pre-sale price. Sent you a pm too.
Perhaps there is room for a service in buying smaller chunks of Syscoin,
I can do this for you for a fee of 0.1% of the amount of Syscoins you get. Or you can bunch up together and do a group buy.
I can do this for you for a fee of 0.1% of the amount of Syscoins you get. Or you can bunch up together and do a group buy.
[...snip...]
That said, looking forward to a more in-depth reply, once you gone through the crypto smart contract concepts.
That said, looking forward to a more in-depth reply, once you gone through the crypto smart contract concepts.
Still working on this, will have a more thorough reply later tonight. Probably one of the best [technical] questions we've gotten thus far!
Can be mined immediately after launch?
I read all of the new posts after presale starts, It seems there are many complains regarding the IPO price..... 
I would translate your page into Greek, however I know that most tech savvy Greeks know really good English therefore, I'm not sure it's worth the trouble.
If you ask me to, I'll consider doing it before I go on vacation.
The extra reach you'll get will probably be a few more people that will read the pre-ann.
If you ask me to, I'll consider doing it before I go on vacation.
The extra reach you'll get will probably be a few more people that will read the pre-ann.
I'm simply asking to offer us a way to trade.
Set up a google docs exchange. Its simple and it solves this problem.
I'm selling my investment at a 2% loss. PM me
Set up a google docs exchange. Its simple and it solves this problem.
I'm selling my investment at a 2% loss. PM me
The presale is not tradeable.
How much did you invest?
Sent you a pm.
I'm simply asking to offer us a way to trade.
Set up a google docs exchange. Its simple and it solves this problem.
I'm selling my investment at a 2% loss. PM me
Set up a google docs exchange. Its simple and it solves this problem.
I'm selling my investment at a 2% loss. PM me
The presale is not tradeable.
How much did you invest?
I'm simply asking to offer us a way to trade.
Set up a google docs exchange. Its simple and it solves this problem.
I'm selling my investment at a 2% loss. PM me
Set up a google docs exchange. Its simple and it solves this problem.
I'm selling my investment at a 2% loss. PM me
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