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Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 331. (Read 490241 times)

newbie
Activity: 34
Merit: 0
I think I will skip the IPO but might buy some of this coin for lower price after it hits exchange.

Great idea. That is what I am doing. ROI too low and the altcoin scene changes too frequently. Coins come out on top and then drop down. That's a trend that I noticed, most recently is Minerals.

invest in ipo and dump when it hits the market for quick profit
newbie
Activity: 34
Merit: 0
This is going to be worse than FIMK/dgex combo
sr. member
Activity: 537
Merit: 250
I think I will skip the IPO but might buy some of this coin for lower price after it hits exchange.
Len
full member
Activity: 177
Merit: 100
The market cap is about 30,000 btc, it is unreasonable.

After 60 days of mining, assuming all presale is sold including the 3% for devs+bounties, there will be 415296000 coins in existence.
((64800-21600)x768)+(21600x1024)+(2000000000x0.18)

Using the normal rate not the early bird price this implies a market valuation after (60 days) of 2151.23328 BTC at current rates $1,346,930.  At launch, before mining starts the market cap will be closer to $1,150,000.   Miners will not have much control of the market in comparison to initial investors.

No idea where you got 30,000 btc from, when all coins have been generated (not for a long time), 2,000,000,000 coins at a price of 0.00000518 is still only a 10,360 BTC market cap.
 
Personally I think there isn't going to be a large instant profit by investing in the IPO, but I think maybe a conservative 50% short term increase if the launch goes well.

If not much of the presale sells, I predict a good short term profit.  Long term will depend on the devs

(Disclaimer I invested 5BTC)
newbie
Activity: 41
Merit: 0
Not sure how you arrived at 30,000. With 15% of the total coin being sold for 1500 btc, that would assume a total market cap of 10,000 btc if all the coins were mined but they aren't, and won't be for a while.... Nonetheless, I think 1500 btc is a little much.

1500 BTC is too much and cost per coin is not low enough.
hero member
Activity: 868
Merit: 1000
Not sure how you arrived at 30,000. With 15% of the total coin being sold for 1500 btc, that would assume a total market cap of 10,000 btc if all the coins were mined but they aren't, and won't be for a while.... Nonetheless, I think 1500 btc is a little much.
newbie
Activity: 41
Merit: 0
The market cap is about 30,000 btc, it is unreasonable.

It PLACES an VALUE of THIS at 10,000 BTC. This is 6.5 million dollar idea.


How you finding user to do deed, will, contract with you.

How do you make contract legal digitally? In real world, contracts are notarized by notary public to make it legal. Who notarizes Syscoin/

 How to attract this user? I want to know plan for adoption, or else if no adoption, it will be a scyrpt coin only.

What is timeframe for adoption

1 month outlook

3 month outlook

6 month outlook

1 year outlook?
legendary
Activity: 1030
Merit: 1000
Did it start trading on moolah yet?
sr. member
Activity: 290
Merit: 250
The market cap is about 30,000 btc, it is unreasonable.
full member
Activity: 137
Merit: 100
since it's a long play, don't expect big crypto players to be eager to invest.
I"ll buy at a lower price when people dumps and when thre is traction..

Yeah, definitely a long play. Going to wait till coin hits exchange then purchase.
newbie
Activity: 37
Merit: 0
how to participate in IPO or pre-sale?
hero member
Activity: 750
Merit: 511
Can you explain why its so risky?
I think you know what I mean. It's about the cost of investment and the potential market cap. I'm not sure that, given the other starters interesting coins, SYS easily score at least 3000 BTC in half a year (otherwise investors will get nothing or will be in the red). Plus interest, as it seemed to me, to SYS less from the community.
For example VIA has stronger marketing, but less (almost nothing?) done.
Plus more pressure from POW than the same VIA.
This is purely my concerns as an investor.

Edit: pardon, not 3000 BTC, ~2500 BTC over 6 month.
full member
Activity: 236
Merit: 100
what is the difference between keypair and wallet.dat? I'm interested to invest 0.25btc but i don't know which method is the best.
legendary
Activity: 1316
Merit: 1000

And another thing, though I'm following this topic for a long time, but did not understand what happens with the remainder of 15% if the IPO does not collect the necessary funds.


I would like to know this too.
full member
Activity: 196
Merit: 100
since it's a long play, don't expect big crypto players to be eager to invest.
I"ll buy at a lower price when people dumps and when thre is traction..
newbie
Activity: 25
Merit: 0
Somebody help me
IPO is not confirmed
Send Error number
hero member
Activity: 966
Merit: 1003
How do we know the devs won't "buy" themselves for hundreds of BTC's?

Hi, sorry to quote myself, but can this be answered?
full member
Activity: 137
Merit: 100
Can you explain why its so risky?

I think its because you can't really predict the dumping that may occur. In theory if investors hold, the price will never drop below IPO right? However, different flavors of the month happen and people take money out of one coin and put it into another coin. (Blackcoin's fall vs Darkcoins rise).

https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.dailyblackcoin.com%2Fwp-content%2Fuploads%2F2014%2F05%2Fdrk-VS-bc.jpg&t=542&c=aR1-MuqQcrIBag

Maidsafe's price actually dropped below their IPO price, and there's no mining at all, it's just investors holding at the moment.

Who knows what will happen. The early adopters could dump at a 10% cost difference to break even compared to later adopters (so invest early).

But I will buy them on the exchange, I have feeling it might be cheaper. It's going to be a lot of coins released very huge amounts 600,000,000+ so thats my thoughts

In conclusion, this is not a short term play. Not reasonable to expect profits in a few months. This is a long term play...hold for at least a year or more. Because it will take lots of effort and hard work to get people to use the market place and other services
hero member
Activity: 750
Merit: 511
1500 BTC for 15% (~0.000005 BTC per SYS) is so risky for investors (with POW reward 2 000 market cap over 2 months and so).
Is it possible that you reconsider your decision as it did the Crypti team?

And another thing, though I'm following this topic for a long time, but did not understand what happens with the remainder of 15% if the IPO does not collect the necessary funds.
full member
Activity: 154
Merit: 100
good start.
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