0.0026
Where some expected 0.005...
Weak hands are pulling the trigger today?
This will inevitably occur in the future as the MCO market is at the center of large trading floors and the market will be pumped from investors and whales, so the price tag of 0.005 BTC is sure to happen.
I agree with you on this point. But future is a broad term. It could be 2 days or 2 years...
Agreed as well.
And actually it is 7 days: What matters now it the timeline for the product release. (we could even see a spike at 0.007 during the 1st move up.)
TenX is already up and running on Android, Centra, the outsider (some people call it a scam) has big plans: it's a lot of competition for MCO.
MCO has an advantage bc it should target the Southeast Asia market, where Centra is US+Europe and TenX a bit everywhere.
I did not say China... I believe Chinese do not know about MCO (they pay with WeChat anyway..), which could explain the dip yesterday on Binance: It's up to MCO to promote their tech in mainland China if they want to have traction there.
Little piece of advice for some here: you may have read a ton of BS about MCO reaching 1BTC etc... Do your own research, and make your own calculations.
Interesting points. Did you sell your MCO today? Can you tell us?
Nope. HODL so far.
I had already reinforced at 0.0027 long time ago, playing a dip. (again I announced it on the forum, I even missed a train forecasting a dip and the coin raised... to dip 2 days later only.)
If you read some of my posts above, you will see that, my
personal forecast for MCO/BTC is :
- very long tern: no clue. It can be a multi-billion business, or nothing...
- long term: 0.003 to 0.005 (20M tokens and a BTC north of $6k)
--> simple maths where MCO is around $500 to $700M market cap.
- mid term: 0.005 maybe 0.007 (again depending on the price of BTC), maybe a spike at 0.01 BTC per MCO on the hype-ramp after product release.
--> Binance listing is a good point here, it will increase liquidity and help the coin move up faster.
- short term: oscillating between 0.0027 and 0.0032
--> I did a couple good trades within this range, but as we move closer to the product release the more dangerous it becomes, and standard trading indicators do not mean a thing anymore.
I may be completely wrong of course, but so far such analyses went pretty good on other coins.
Happy to discuss and disagree :-)
My goal is to generate BTC with MCO, not USD. Therefore my trades only goal is to increase the total amount of BTC in my wallet: I only invest in coins I believe will raise faster than BTC (not a lot of them...)
--> BTC price raise is the party pooper here, but hopefully some
high quality people here will buy my MCO sell-order at 0.095 MCO/BTC. ;-)
Quite nice having some interesting reflections on the future of MCOBTC.
Based on my expectation and the high unimagined potential of the product offered by Monaco, I would push myself further.
I would in fact say that 0.01 BTC is not an outrageous prediction for MCO as a stabilization price in the long run because most people in the crypto space and beyond would definitely need such card. The abandonment of traditional bank card services is something many people aspire to.
This is why "multi-billion business or nothing" is a valid observation imo.
I do believe in this project so much. I really see a stupendous future of utilizing Monaco-like cards, above all in a situation in which the banking system is more and more government-directed and conniving with extensive shady political structures. The payment industry can really be revolutionized by the introduction of such card. Governments would be required to keep pace with this by monitoring transactions in a heavy and systematic fashion. However, the technobureaucratic cost of doing so would be enormous.
I do want to see what will happen. Really. Fiscally oriented transaction monitoring is the future of governments. Though compliance is always something that every financial services business conforms to, there is nevertheless a tremendously increasing cost such that governments will be increasingly challenged and prone to stumble and blunder blatantly. People will have to notice and appreciate the beauty of a technological advancement in the payment and transaction industry. They will have to embrace this somehow. Perhaps slowly and with noticeable uncertainty. But in the end those who really care about forsaking the conventional bank card services will stand in awe in front of such beauty.
The price must be a necessary consequence of this beauty. I believe so. Monaco started something, very silently. Omise Go is doing something that may be taken to be similar, but it's categorically different. We all need cards to pay. They are easy, comfortable, slimline. They are what we need.
This is why in my opinion MCOBTC may stabilize in the long run around even 0.008-0.01, with possible (numerous) spikes at even 0.02 BTC. The spikes being dictated by the urgent need for a vast minority to see a change.
Since at times I have a need for profit, I sold all my exchange-bought MCOs, while my ICO MCOs remained untouched. After selling I realized that it was not good, and that there cannot be any short term with MCO. You have to buy and hold. I needed thousands of them. Now I understand that I was right. Monaco is an excellent investment because it may start a disruption and promote it throughout.
