Bottom line , 1 MCO = 10 usd
1 PAY = 3 usd
... thats exactly why there are so many people losing money in this market.
1. Look at the number of tokens for each project.
2. Look at the current token distribution for both projects.
3. Look at the marketing philosophy of both projects.
4. Reconsider the meaning behind the token price and how its totally uncorrelated to the actual achievements of both projects.
At the moment it is nonsense to compare both companies by token price, thats absolutelly no indicator for the future. Everything is and will be just speculation and hope in the next few days.
I agree with you, but only 1/10 person gets this here.
The time bomb for MCO (and XRP as well btw) is the increase of supply to come (x2)
If people get this, good for them. If not... Let them lose money.
For some to win, others have to lose sometimes (at least on a closed market)
Yea, but not if market gets constant increase in funds like it does and constant increase of new users like it does.
Price goes down but it will come up purely from the fact that too many new funds are coming in constantly 24/7.
True. It depends on how fast the tokens will be issued: the bomb could be defused "sort of" if the market cap increases faster. (Cards usage = more business)
Bottom line: Keep in mind the future amount of tokens in the calculation for the unitary token.
Marketcap: make your calculations:
my personal feeling is $400MM -> at 20M tokens is $20 per token.
Well that, plus bitcoin value goes up therefore coin value goes up during the same exchange rate between coin and bitcoin.
Big question...
I believed in this math before, but I realize that more and more people count in USD and appraise tokens in USD.
It becomes the market norm imho.
Same for ETH: people believe that a cheaper ETH would lead to cheaper ICOs, but in general crypto-companies target a $20MM to $40MM market cap (except scams like Tezos or Eos) and estimate their token price in ETH based on that: if ETH price drops they will ask for more ETH per token.
I manage my portfolio in BTC price, hence my only question when I buy a coin, is if it gonna raise faster than BTC. Tough to answer...
Well no, Bittrex is American therefore USD, Kraken is euro, OkCoin China. Etc. Think of it like Wall Street, New York, etc...
Company hosts ICO, collects ETH and sells it off, ETH goes back into the market.
You are correct. Bitcoin can go up and ETH can go down, or wise versa. It will adjust the markets and people will also buy or sell purely on this.
