Topic: Tezos discussion - page 196. (Read 215821 times)

Totally agree with you, from every aspect it's worth buying at least 6000 Tezos.

do u calculate the total supply you genius

A lot of pessimism around this new coin but I thought it was definitely worth a punt so I've invested 1 BTC.  With the 1k bonus tezzies it works out I have 6,000 of them and they cost me £0.32 each.  So, let's look at some fun calcs:

IF THEY REACH £2.00::
Then I'll have a total of 6,000 x £2.00 = £12,000 (not bad)

IF THEY REACH £25.00::
Then I'll have a total of 6,000 x £25.00 = £150,000 (awesome - and not really that unbelievable when you look at other cryptos and the prices they've achieved in infancy)

IF THEY REACH £166.67::
Then I'll have a total of 6,000 x £166.67 = £1m (again not that unbelievable when you look at the ETH which is higher than this)

IF THEY REACH £217.99::
Then I'll have a total of 6,000 x £217.99 = £1.3m (that's based on the current ETH rate - could happen!)

IF THEY REACH £1,925.95::
Then I'll have a total of 6,000 x £217.99 = £11,555,700 (that's based on the current BTC rate - you never know with crypto!)

So is it worth a punt?  Of course it is!

I sent 1 BTC from Electrum Wallet, the fee was added automatically, so in total it was 1.0013 BTC. I got my 6000 XTZ within 30 minutes on check.tezos.com. You're welcome 

I have a few questions:

Can I send BTC from my electrum wallet?
Do I need to imput 0.1 BTC or do I have to increase amount I want to send by fee? So instead: amout to send 0.1 should I make 0.100793 (plus fee)?
When and where will I receive my tezos tokens?

Thanks!!

do u calculate the total supply you genius

That argument of scarcity was thrown out the window long ago.  Going by that fallacy, Ripple should be worth zero.  It currently has a supply of 38 billion, and it's uncapped, continually increasing.  Even with 10 billion, Tezos should be valued at least 3.5x the current price of Ripple.  Meaning you'll have a decent ROI if you buy during the ICO. 

Value is not determined by the supply.  If that were the case, gold and other precious metals should be worth zero as well, because there's far more of those than the amount of of these cryptos.  Why should the US dollar be worth anything if the Federal Reserve can print an endless supply of it?

What you fail to grasp is that crypto currency like nearly endless supplies of fiat and some plentiful natural resources, derive their value not from limited supply or scarcity, but from use cases and value added to the world.  If Tezos turns out to be a useful and provides a strong use case with massive adoption, it won't matter if the supply is endless, it will have a value based on its applications.

If you don't believe me, then look at all the shitty alt coins that have limited supply but have zero use case and no one cares about them.  Just because Joe Schmoe came up with an alt coin with a tiny supply doesn't mean it should be worth anything.

Please provide a better argument, because the way I see it, the larger this ICO, the larger the mainstream coverage, and I think FOMO will be on another level.  Good luck trying to buy cheaper on the exchanges.

I haven't seen anywhere where there was any sort of specific Dollar amount that they were looking to raise.   It is just like a "let's see how much we can raise"   or was there any sort of soft target at least? 

I would definitely say that it has been a huge first 12 hours for the Tezos team.   That earlier popcorn .gif perfectly depicts what the couple is probably doing right now...wouldn't you?

I haven't seen anywhere where there was any sort of specific Dollar amount that they were looking to raise.   It is just like a "let's see how much we can raise"   or was there any sort of soft target at least? 

I would definitely say that it has been a huge first 12 hours for the Tezos team.   That earlier popcorn .gif perfectly depicts what the couple is probably doing right now...wouldn't you?

I think this is pretty in line with what everyone is hoping. That it at least gets close to the value of ETH. I remember the crowdsale of ETH, and you got 2000 ETH per BTC then. I had a decent amount posted into the send address and then I got sidetracked and gunshy.   It's hard to look at it in hindsight though because I still bought ETH at like $5-$6 on coinbase, but sold at like $25, which was huge profit (nowhere near where it would be now).

I think you have to be in this for the long haul

If the wallet will support btc too same way the Waves wallet does, then I think there might be a chance not to lose it.

Totally agree with you, from every aspect it's worth buying at least 6000 Tezos.

A lot of pessimism around this new coin but I thought it was definitely worth a punt so I've invested 1 BTC.  With the 1k bonus tezzies it works out I have 6,000 of them and they cost me £0.32 each.  So, let's look at some fun calcs:

IF THEY REACH £2.00::
Then I'll have a total of 6,000 x £2.00 = £12,000 (not bad)

IF THEY REACH £25.00::
Then I'll have a total of 6,000 x £25.00 = £150,000 (awesome - and not really that unbelievable when you look at other cryptos and the prices they've achieved in infancy)

IF THEY REACH £166.67::
Then I'll have a total of 6,000 x £166.67 = £1m (again not that unbelievable when you look at the ETH which is higher than this)

IF THEY REACH £217.99::
Then I'll have a total of 6,000 x £217.99 = £1.3m (that's based on the current ETH rate - could happen!)

IF THEY REACH £1,925.95::
Then I'll have a total of 6,000 x £217.99 = £11,555,700 (that's based on the current BTC rate - you never know with crypto!)

So is it worth a punt?  Of course it is!

Also contributed 0.044 BTC and when checking it says

0.0442542 XBT -> 0.00 XTZ

No where it was stated clear 0.1 is the minimum, they even gave me a QR code for less.
If they wont refund AND wont convert to Tezos then its proof this is a scam.