The guy saying the coin is dead and talking about two fails putting people off is extremely narrow minded. He does not see the bigger picture.
We will have an insane amount of people from OUTSIDE the crypto community buying into this coin once the game is launched and real money to coin2 services are in place.
Whether crypto investors will stay invested or not will not make a blind bit of difference. We are all a spec in the ocean compared to what is coming.
Once the gamers poor in every single crypto investor could sell up and the coin still wouldn't die.
I understand someone saying a coin is dead if it is at 1 sat and has no trading for months but to say it now about this coin is nothing other than laughable.
We will have an insane amount of people from OUTSIDE the crypto community buying into this coin once the game is launched and real money to coin2 services are in place.
Whether crypto investors will stay invested or not will not make a blind bit of difference. We are all a spec in the ocean compared to what is coming.
Once the gamers poor in every single crypto investor could sell up and the coin still wouldn't die.
I understand someone saying a coin is dead if it is at 1 sat and has no trading for months but to say it now about this coin is nothing other than laughable.
Just to backup what Venmo said. As one of the outside investors that Venmo has spoken to, I have invested in Coin2 because I can see it's potential. I have bought in at a higher price than the coin is currently trading at. Am I worried? No. I can see the potential of what the coin could achieve and I believe that the risk will be worth it. If it drops any further then I will happily add to my already considerable holding.
As we get closer to the release of the game and the publicity machine is turned on then the interest in Coin2 will increase. But by then there will be fewer coins in play because some of the "older?" wiser folk here will have hoovered them up at rock bottomed prices and be determined to hold onto them not just for a few days or weeks but years (this is where the real value lies). This will help drive the value up even faster. At the moment just over 25,000 C2 will take you into the top 100 list (aprox £42 at current prices). Note: the top 20 holders at the moment account for almost 80% of all coins.
Now just assume we get 0.01% of online gamers (700,000,000 according to http://venturebeat.com/2013/11/25/more-than-1-2-billion-people-are-playing-games/). That would be an extra 70,000 people looking to purchase C2. As an indication of numbers of players of other games have a look at the following link : http://en.wikipedia.org/wiki/Comparison_of_massively_multiplayer_online_role-playing_games#Statistics_table Looking at this does 70,000 seem unreasonable with a bit of publicity and a bit of time? I would prefer to see a slow buildup of users to give the team an opportunity to get to grips with all the inevitable teething problems. Some might argue that once established (given a little bit of time) it might be closer to 300,000. Now if the top 20 holders were to hold for 12 months and you have some or all of these new users fighting over the remaining 20,000,000 coins which they need to be able to play their new favourite online game (whether that be 10,000/ 70,000 or 300,000) I wonder where the price will be?
+1
This guy shares my vision and can explain it ten times better!
Just got back from Vienna and thought I'd chime in here
For anyone interested this can be quantified!
Metcalfe's Law! and Reed's Law!
In short, the value of the network (c2.1) is a function of the number of users (Metcalfe's) and the utility of the network (c2.1) is a function of the size of the network (Reed's), so.....
c2.1 releases FPS
size of network increases (more users)
the value of the network increases due increased size (Metcalfe's law)
the utility of the network increase due to increased size (Reed's law)
greater investment due to increased value
greater infrastructure due to increased utility
greater utility leads to more users
and repeat ad infinitum.
Which coins have the greatest market cap, which coins have the greatest network size? (wallet users) and do people invest based on this information?
Here is a graph of bitcoin price vs network size!
Questions?
Oh, could it go to $100 a coin? sure can guys, adjust for difference in supply and extrapolate from the graph.
G.
x
Yes, one question! Do we need to wait CoC game relese to force this cycle to spin?
Pre advertisements, media attention should trigger your described model. Now we still live in the shadow of previous attack and weak people minds. The redistribution of coin through trades is happening in last days. The foolish dumping should be slowed down at some moment and it is happening now. Likely price won't plunge lower as now, because this coin has what many, many others don't have. The long term project, which potentially and surely can attract massive public, which is in large extent outside crypto world. What is the golden key of internet? The traffic. This coin will get a lot of it, a lot.
quoted as spammer be spamming.
So it looks like approximately 3 million or so users would correlate to a price of around $1 per c2.1 ($100,000,000 market cap).
Do able.
