Warren Buffet the worlds best Investor quote.
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
Now it seems like the entire community of Ron Paul Coins are on fearful mode, whilst I am still being Greedy. I have amassed over 4500 Ron Paul Coins this year, that is nearly 5% of the current world supply. Now I have no plans of selling a single coin till they reach $100 a coin.
So since my coins are out of the market, and the same goes for some others who have been busy accumulating them, it will only be a matter of time before the coins explode. Remember that Bitcoin was only worth a few cents a few years ago, in early 2013 it started at $5 and went all the way upto $1000 later on in the year.
This market needs time, and it will take off in 2015 when the coin circulation gets to close to 1/2 a million and people start using it for trade.
What this coin needs is a dedicated developer, a shoutout from the Rand/Ron Paul community, and some actual useful services. I would fork the coin, change the name to RandPaulCoin (Keep RPC) to keep with the times since Ron Paul has retired, change it to POS for network security,
and then I would start donating coins to a Rand Paul Presidential compaign in the hopes of getting some publicity.
This is a form of money, and money becomes valuable by its use as a form of trade in society, it also becomes valuable based on societies ability to hoard the money. When money velocity becomes too high the value of the money reduces and goods and services need more money to buy them. So effectively by me hoarding the coins for the future is making the remaining coins in circulation more valuable. The Ron Paul coin has far fewer coins than the Litecoin, there is no reason why the price of the RPC should be less than the Litecoin. It would be useful to have this coin tradable against Litecoin on the exchanges, that would further increase value, also if it was tradable direct with the USD on the exchanges that would also bring new money into the market. By the end of the year I plan to get hold of 10% of all the RPCs, now its a free world, everyone has the same facilities to get them, just get bigger and fast pcs and start mining them, and get everyone around you to do the same.