Sorry to post so much today, but I did take a weekend off
A few people have PM'ed me to ask why I think the price of UNO is low. First, thanks for giving a shit what I think. That puts you +1 over my wife and kids.
UNO is a great coin... All I can say when it's at 004, even after all of the recent good news is... do you have enough? At it's worst just a few months, even after UNO had been quietly abandoned by its devs, .0039 was about the bottom. So what's going on? Why is it hovering around .004 now?
This is why I am still picking up UNO at sale prices....
My belief is that Bitcoin's fast rise has sucked a lot of air out of the altcoin market; I'm convinced that's what's driving this. This is a cycle that will come back around. As I posted on another thread; if the Euro rises dramatically against the Dollar and you hold Euros.... it might be a good time to swap into dollars (doomsday scenarioists and dollar haters, you get my point, right
). Likewise, right now if you're holding BTC, you can buy more UNO per BTC. Eventually the gap between uno and btc will tighten up. This is underscored in the price of uno vs usd -- uno has held up against the dollar very well, even as the dollar has lost ground to btc.
I think with all of the recent good news that UNO has had, you know that its recent rise was not a simple pump and dump. Sure, there were some momentum chasers in the mix (as there always is) but primarily UNO rose on its merits, the value of an interested community, active devs, and interest from exchanges. Yet, if someone had credibly told me that BTC was going to rise 70%, I probably would have held off a bit and bought more uno later, but that's how it goes here in cryptoland. No guarantees.
Maybe you have heard some of the speculation that UNO stolen from Coinex are being dumped on the market right now (estimates I heard are about 500 uno, or only about 3 btc). It may be true or not. If the stolen coins are finding their way back to market, I'm glad actually: there are too few UNO to lose that many forever. Long term it would hurt us to lose so many coins. But if it's true, and stolen coins are really being dumped right now, then this is a phenomenally rare opportunity to buy UNO at unnaturally low prices. Again, I don't know if it is or not, but it's interesting to speculate. I just hope I'm not buying coins that were stolen from you.
So far, BTC has never been able to keep rising forever; if history is our guide, it will come back down again. When it does, expect UNO to rise against the price of BTC. If stolen coins are being dumped, then that will end eventually; would you rather buy cheap uno now, or sell your uno cheap? When these events play out, I just hope you'll be comfortable in your UNO position.
For these reasons and others, I am very bullish and long on UNO.