Now it hit an all time post-pump low of 4600 satoshi.
I love how so many people here during the first pump on nov. 20th predicted that by 23rd. nov it will be $10, then they predicted $5 by end of november, then it crashed and when it had a 15% jump one morning everyone went "Now the world is waking up to POWR", and went on to predict $2 by the end of last weekend.
Meanwhile my personal prediction since the first pump was that instead it will keep falling to 5000 satoshis and I was called a troll, a moron and an idiot for saying such "unrealistic" things.
It's simple, POWR has no reference value unless the company Power Ledger will create an actual application, which they are planning to release end of 2018 or early 2019. Until then, the entire value of POWR is simply based on hopes and dreams, just like 99% of all the useless alt coins.
The only way POWR will go up, is if a bigger investor decides to load up, or if Power Ledger makes a news announcement. Until then it will stay around 3000 -7000 satoshi.
I love how so many people here during the first pump on nov. 20th predicted that by 23rd. nov it will be $10, then they predicted $5 by end of november, then it crashed and when it had a 15% jump one morning everyone went "Now the world is waking up to POWR", and went on to predict $2 by the end of last weekend.
Meanwhile my personal prediction since the first pump was that instead it will keep falling to 5000 satoshis and I was called a troll, a moron and an idiot for saying such "unrealistic" things.
It's simple, POWR has no reference value unless the company Power Ledger will create an actual application, which they are planning to release end of 2018 or early 2019. Until then, the entire value of POWR is simply based on hopes and dreams, just like 99% of all the useless alt coins.
The only way POWR will go up, is if a bigger investor decides to load up, or if Power Ledger makes a news announcement. Until then it will stay around 3000 -7000 satoshi.
I have to disagree about reference value. First of all, the AUS gov kicked in around $3M and then another $5M came from institutional sources like university and then Cisco. Cisco and the AUS gov are attaching investment value to this project. In addition to this, POWR itself raised $34M in their ICO. In contrast to their 1B coin circulation, all this really isn't such a big deal. But, this is just the beginning and to say that a reference value cannot be set is narrow, albeit slightly true in a narrow sense. So that's where we are now, everyone arguing what the price "should" be. For the risk here, I expect this to stay low until various projects prove themselves.
And never forget FOMO. This is potentially another huge opportunity lost by those fretful hands collapsing now while other opportunities awaken. The bitcoin surge is good and bad for all these other upstarts. bad in the near term and good in the long term as bitcoin continues to establish feasibility as a revolutionary finance technology. But more on POWR FOMO...
Let's consider the estimated $450 savings per household this tech could bring. Australia is estimated to have around 32M housefuolds which would equate to over $14B in savings and these numbers would only grow over the coming years. And this is only Australia... POWR could be the go-to source for developing and distributing this resource to other countries. But let's just consider $14B. How much of that should be attributed to POWR's value? What is a fair profit margin? 10%? so that makes a fair price assessment $1.40?
Well, of course that is wishful thinking and HIGHLY presumptuous to think that all households would buy-in to this. Then again, I thought the same thing when my friends said they were waiting to see bitcoin at $10K and then they "might" consider selling some of the thousands they had accumulated. So yeah, sometimes FOMO is also HIGHLY warranted.
