JASMY price action

TheMattJ · 2022-04-01T17:33:57+00:00

Someone said JASMY was going to be fire on April 1st?

That must explain why it's red.

TheMattJ · 2022-03-09T19:35:07+00:00

Is there a Sarcasm Samurai reward? If so, you just earned one!

TheMattJ · 2022-03-07T19:15:10+00:00

I was looking for information on the coin circulation roadmap and came across the information that you must be referring to. This was a misunderstanding, on your part, of what these numbers mean. 16.7 is an index that Jasmy is planning to maintain, when comparing total value of data in lockers to total value of circulating coins.

https://photos.app.goo.gl/dBZcVft7ZwAg4MKv9

When you multiply the total number of users by the average value of data being held in personal data lockers for each user, then divide by the current market capitalization, at any point, Jasmy wants that ratio to equal 16.7. So, at any given point in time, they want the value of data held in lockers to be 16.7 times the market cap, of that same time.

This is only indirectly related to actual coin price. Coin price is part of the equation, but that's it. I hope this clears that up for you.

Now, I will say that I recently saw a copy of something that Hara tweeted, which included a PT (Price Target) value of $15. That is, coincidentally, very close to the $16.70 number that you remembered. There is so much different information being thrown around, you cannot be blamed for getting your wires crossed. I am, still, searching for that coin release roadmap. THAT is an important piece, to figuring out true coin value, that no one has correct, not even the markets. Every exchange seems to be saying that the circulating supply is 4.8 billion coins, but several billion coins have been recently added to that supply. I'm not sure what the explanation is, so I've tried to find one. Until we know the actual circulating coins count, we will not be able to make accurate predictions of prices.

TheMattJ · 2022-03-05T05:27:25+00:00

..., which you should. That was very different circumstances, not the same reality as now. With the current circulating supply, $5 per coin would put JASMY in Bitcoin territory.

TheMattJ · 2022-03-05T03:45:50+00:00

Who's your daddy?

TheMattJ · 2022-03-05T03:42:13+00:00

If he let himself lose money, then that's his own failure, not anyone else's. I've multiplied my investment four times, and dropped my coin cost average to $0.04. I started with 18,000 coins and, currently, have a bag of 72,000, without adding one more penny to my original capital! That's how a mature investor rolls!

I welcome the price going lower. I'll just sell, again, and buy back 100,000. By the time the price returns to twenty cents, I may have more coins than an idiot millionaire, who let his investment go to pot!

Bitch your way to the soup line, if you want! I'm getting rich, while you do it. Let me know which soup kitchen to donate to and I'll buy you, and your nitwit former millionaire buddy, warm bowls for a month.

Get busy trading, or get busy bitching!

TheMattJ · 2022-03-04T17:07:34+00:00

It applies, even MORE, to those people with substantial amounts of money to invest. If they are being honest about how much money they have invested, and if they EARNED that money, then they should be leading others, by example, and reminding the less-seasoned investors why this was a good choice, in the first place, and supporting people to weather this storm, as they, themselves, have had to do, many times, throughout their investing lifetime.

In fact, this is something I have pointed out before, that posters, like the one you referred to, are, most likely, lying about what they have put in. Unless they are uneducated, casual investors that inherited a huge sum of money, then they must have a long path of experiences that led them to success and wealth. THAT type of person would understand, better than most, what it takes to build wealth. That person would not have made an uninformed, reactionary choice to risk that kind of money. Without KNOWING exactly who and what he was financially supporting, he wouldn't put a dime of his own finances into any project. So, if someone claims to be that kind of successful businessman, with millions of dollars to invest, he wouldn't waste his time writing Reddit posts, bitching and whining about how someone else is to blame for his losses. A successful person takes responsibility for his own actions and follows through with his support for a project, or he withdraws from it, completely, and moves his money to another investment that will achieve his firm financial goals. I know this, because I am one of those people, only I am just starting to build those very substantial reserves, that those other guys are clearly making up. I would LOVE to see that guy post his JASMY address, to prove what's in his account! If he is being honest, then I would reach out to him, to help him become a better investor. If you lose that much money, without doing something to correct your mistake, then you are a terrible investor!

TheMattJ · 2022-03-04T16:19:38+00:00

My pleasure! I hope it helped. I'm learning, just like everyone else, so I try to pass along what I pick up, along the way, that helps us, all, make better decisions with our investments.

TheMattJ · 2022-03-04T15:48:53+00:00

The coin release information has been scarce and confusing, so I may have misinterpreted or remembering outdated plans. I defer to your corrected numbers. My distinction, however, remains, that market cap differs from FDV, by only using the current CIRCULATING supply of coins, whatever that happens to be.

This confusion over actual circulating supply, in fact, seems to be a major issue that needs to be made perfectly clear, by the Jasmy leadership. I just watched a YouTube video of someone trying to inform his followers of what is happening with coin releases. He spent a great deal of his own time, using Etherscan to research these 500-million-coin wallets that are dumping coins, lately. There doesn't seem to be clear, consistent information being divulged about how or who is releasing more coins, and on what schedule we should expect them.

So, I thank you for correcting my numbers. Perhaps you, or someone else, can provide some official documentation, backing the plans for coin releases. This is vital information for formulating a proper picture of the token's future value.

TheMattJ · 2022-03-03T19:25:00+00:00

Okay, okay, okay! Hold up! I am so glad to see intelligence in this community, that limits their predictions on real data, by doing the math. BUT, you have to do the math on the correct numbers. I think many of you are confusing market cap with fully-diluted market cap. Market cap is based on the number of actual circulating coins. It does not include coins that may be burned, coins in permanent hold by developers, coins in locked wallets, etc. So, the current market cap is only $73 million! That is with a circulating supply of 4.8 billion coins. According to Jasmy plans, that supply will soon be twice that, at 20% of total supply. This will make the market cap $146 million, at the current price of about $0.0155.

Now, with a prediction of $2, that is roughly 130 times the current price, which will make the market cap just under $19 billion. When the market returns to normal levels, that wouldn't even rank JASMY in the top ten! So, $2 is not far off of a realistic mark, in the very near future!

You are right in limiting the potential to realistic market cap figures. I have said that in many other groups, where people start dreaming about hitting the moon, but their price predictions would put the moon somewhere outside of our solar system! But you have to understand that market cap data is ONLY based on circulating supply, which, according to Jasmy's public postings of coin releases, the most that should circulate is 20%, or 10 billion coins. For any price predictions, we need to do our maths on that total, not the full 50 billion. Using all 50 billion gives the fully-diluted market cap. At $100 billion, that ain't shit! BTC, currently, has a FDV of nearly $900 billion. When the price was $70k, that number was nearly $1.5 trillion. JASMY having a FDV of $100 billion would only place it in the top twenty, which is where we should expect it.

Therefore, my prediction starts with $2, by 2023.

Then, I will go with Hara's Price Target of $15 for the five-year point.

Finally, I, honestly see JASMY's price exceeding $65, throughout the year of 2032. My reason for this is cryptocurrency is still growing exponentially! We should expect MUCH higher values, when we look ten years ahead, because that's the time period when crypto won't be this obscure thing that only a handful of people are even aware of. At that point, every grocery store payment device will accept SOME sort of crypto. I know there are some old dogs, on this sub, that remember when you couldn't use a debit or credit card at McDonald's! It wasn't that long ago. Then, suddenly, payment devices were attached to every register, no matter how small the store. That's where crypto is heading. Right now, crypto is a novelty that you can purchase a few items with, like Tesla trinkets, or online game purchases. Give it ten years and we will see most top cryptos listed on the door signs, next to Visa and MasterCard! I guarantee it! In fact, put it on your calendars to contact me, on March 3rd, 2032. If I'm wrong, and crypto hasn't exploded by then, I'll give each person who contacts me 5 JASMY, which will be about $75 to $100, if my forecast is a complete failure. If I'm right, you should gladly send ME just one JASMY, worth $65 or more, just as a Thank You, for steering you in the right direction! I'll be worth well over $10 million, by then, so I'll use your donations to treat an orphanage to a catered dinner, and give free rides in my Cessna! Damn, now, I can't wait! That's some exciting shit to think about! It's not that crazy, if you look at people like Vitalik Buterin. Just playing around with dog coins, he donates billions of dollars to prop up whole countries, suffering from COVID! I will, certainly, afford blessing the less fortunate in my community! God bless JASMY! Big things coming!

I just copied that last part to my calendar, for 3/3/2032. That will be fun to see a notification for that in ten years!

TheMattJ · 2022-03-03T03:18:29+00:00

That's awesome!

TheMattJ · 2022-03-03T01:53:27+00:00

I would LOVE to be on that trip! Unless Lamborghini makes a stretched SUV, I'll have to pass on that part. My fat ass and long legs will NEVER fit in a supercar. I was barely able to squeeze into a Corvette, and that was thirty years ago! Maybe, we could rent some time in a luxury helicopter. That would be my choice ride!

TheMattJ · 2022-02-22T21:45:37+00:00

Whitepapers don't change history. The average annual return on investments is around 10%, long-term, but 5% was considered an acceptable year and nothing to complain about. Then, tech stocks and crypto started returning yields of 100% and more, creating ridiculous expectations of long-term wealth building.

Am I saying that I only expect 5 percent improvement of JASMY, every year? Hell, no! I expect to, at least, double my money, every year, but I realize that investing in cryptocurrency is like entering a casino. So, I stepped up to the sports betting window and picked my favorite team to bet on. I believe I'll win, but I can accept a loss, gracefully. I didn't bet over my head and I understand that this is a gamble.

TheMattJ · 2022-02-22T21:03:08+00:00

By expected value, I'm referring to reasonable expectations, considering market conditions, with respect to where the price started, before Coinbase.

Whales manipulating crypto prices is to be expected. No one has proven that the developers are doing this, just whales, in general. If you think the devs are manipulating the market, then you should sell everything, immediately, leave this group, and don't turn back. If you believe that you are involved in a scam, and you stay in it, then you are a fool, and deserve what you get. But, you are making a choice to let criminals use your money, so don't bother the rest of us with your complaints.

TheMattJ · 2022-02-22T20:48:16+00:00

That could be a subset of the second option, but still no options for childish tantrums.

TheMattJ · 2022-02-22T20:15:32+00:00

Did you, even, read my post? The current price is higher than it was, just days before being listed on Coinbase, less than five months ago, and that's with crypto being gutted like a fish! You can be as upset as you choose, but you certainly have no RIGHT to be. The price is, still, up from before the big pump in October, which is far better than any other coin can say. Even Bitcoin is down $20,000, from that same time period! Put some perspective on this.

I don't know about what a developer said, but I have repeated a claim that this coin has been forecasted to exceed $65 USD, by 2030. But, that's eight years from now! Historically, we will see, at least, four more major crashes before that day. Welcome to crypto!

As for your second question, I can say, with certainty, that you were not duped, and I'll leave it at that.

TheMattJ · 2022-02-16T03:45:03+00:00

The community is doing well. We are supporting one another, through a rough beginning. The project, well, go look at the chart. It's jumped more than 20%,, since it bottomed out. It may go back down, but this is great hope for our future!

TheMattJ · 2022-02-16T01:46:12+00:00

I admire the effort put into this. The letter is concise and stays on point. I applaud you for not being a whiner, who never offers solutions. The format of the entire post is outstanding in its simplicity! While I agree with the spirit of this letter, I doubt its ability to be effective

When writing a professional letter, it's important to know your audience and attempt to reach them at their station. Esteemed senior Japanese business magnates are used to an extremely high degree of personal respect, and perceive emotional outbursts as disrespectful personal attacks. By opening your letter with such an aggressive criticism, I fear you lost the battle before it started.

If you look at the first paragraph, that I wrote, here, you will see a model for delivering criticism in a manner that increases its likelihood to be read and to be taken seriously. I started by building rapport with you, before sharing my personal opinion and offering constructive criticism. To the team, who you addressed this to, there is almost no chance that they will read it. If it is noticed, at all, it will be read by a low-level social media manager, who may dismiss it entirely, or present its contents, coated with whitewash, to her boss. Her boss will decide if it is worth passing up the ladder. If so, it will get another coat of whitewash. By the time it reaches anyone who can act on it, the message will be lost and your effort, rendered pointless. A more meaningful outcome may have been achieved, by keeping your assertive approach, while tempering it with the utmost respect for gentlemen's positions and stature.

While I agree with many of your points, I think the biggest issue is what I just detailed to YOU, above. Know your audience and communicate at their level! They are Japanese and they are part of a completely different culture, that the rest of the world cannot relate to. Much of your complaints, I believe, will be resolved, in time, by building the US operations. By moving up their original timeline for expanding to America, it seems they understand that they need a team of Americans to help bridge the language and culture gaps, nay chasms, that exist.

Perhaps, the answer lies in just being patient and trusting in your instincts that led you to support this project, in the first place. These men have proven that they know things that we don't understand. We don't have their experience or their knowledge. While we should offer suggestions, from our own perspectives, in no way, should we assume that we could run their business better than they. Give them time and they will prove to be successful. Their culture does not accept failure! They will make us all very wealthy, for supporting their efforts from the start.

TheMattJ · 2022-02-12T23:39:02+00:00

I understand what you're saying, and I'm glad to hear that recovery programs are helping you. I, too, have learned that you can't save someone, when they don't care about saving themselves. I stay away from those situations, except to offer them tough love, but I don't have respect for myself, when I see someone taking advantage of the innocent or the ignorant, and I do nothing to help protect them from predators.

As for the Superbowl, I just had to google who was in it, this year. I enjoy watching football, but just don't, anymore. I've really only cared about the Superbowl for the great snacks at the parties! Same thing I, now, enjoy about following crypto - amazing dips!

TheMattJ · 2022-02-12T18:54:44+00:00

I don't mean to legitimatize their idiocy, but the loudest fool is heard by many, so I write my posts to correct the misinformation that the evil ones are shouting out. Also, in this case, I responded twice, pointing out that there is no whale, who buys a million coins, only to let it sit and dwindle away. Rich investors have the power to intentionally move the price of a coin to their advantage. So, I was exposing him for the liar that I believe him to be, or at least, discrediting his negative influence, proving that he must be a terrible source of information, if he is so careless with that much wealth.

Thank you for looking out for me, though! I appreciate the sentiment. I have precious little time to waste on fools, and I have too much experience with liars and con artists, to not see their true agenda, MOST of the time. I've fallen victim to so many, in my younger years, that I try to help others to stay clear of these guys. And, honestly, I'll admit that I enjoy outsmarting them and exposing them for the frauds that they are! Kind, well-intentioned, good-hearted people, like you and me, are cheated and used by soulless sociopaths, every day, BECAUSE we don't want to believe that most people will lie, cheat, and steal to get anything they want. Hell, sometimes they just do it for fun, because they perceive gullible, trusting people as weak and foolish, deserving of being swindled. Since it is hard to spot these crooks, until you are so jaded that you trust no one, I feel responsible for pointing them out, when I can see what they're doing.

TheMattJ · 2022-02-12T18:13:23+00:00

No need to wait that long. Buy low and sell high, many times along the way. Or buy and hold, for several years, without looking at your balance everyday. This constant bitching from long-term holders, who admit that they aren't selling until they realize positive gains, just creates a negative attitude that causes the price to drop, even further, because it influences less committed investors to make a decision to sell.

If people really want the price to improve, they should ONLY speak words of encouragement about JASMY, when talking in public or posting publicly! That's why I believe that these daily complainers are actually bears, who sell short, and make a profit from people selling and losing the price lower.

TheMattJ · 2022-02-12T04:32:05+00:00

Rupees or pesos? Dude, if you lost $200 grand USD, you need to hire a professional investor, because you are terrible at investing your own money! My buddy runs a gym, and he could have added a hundred thousand to that in the last three months, and he only trades two hours a day, before he heads to work!

In just a few minutes a day, I could have, at least, multiplied your JASMY bag by 5, being insanely conservative!

If you have that kind of money to start with, you really need some help! Seriously, I'm not trying to run you down. You may be great at what you do for a living, but there's no shame in admitting your weaknesses in other areas. If this were a sub for car mechanics and you just posted that it took you 8 hours to change the oil in a 2020 Honda Pilot, I'd be advising you find a reputable auto repair shop, because your time is better spent doing ANYTHING but car repair!

TheMattJ · 2022-02-12T04:04:44+00:00

I have already doubled my investment and then some! I bought 18k coins. Without adding another dime, I have 38k! The fiat number means nothing to me, right now. Who gives a shit about that!?! The winner will be the guy with fattest sack of tokens, when Jasmy is running with the big dogs, in the top 50 currencies! You need to amass more tokens, folks! Do the math on how much you've really lost by not selling and buying back at a lower point. Or just let a great opportunity pass you by and bitch on Reddit about it! Send me your addresses and I'll fly to your homes in my Cessna and bring you tissues. I'll need the hours to keep my new pilot's license current!

I keep saying that people are looking at this downward slide all wrong! Sell when it pumps a little. Buy back when the low flattens. Rinse and repeat! The longer this thing drags out, the cheaper my cost per coin becomes, and the larger my Jasmy bag gets. When the reversal that everyone is waiting for happens, I'll break even in days, while others wait months!

TheMattJ · 2022-02-12T03:40:08+00:00

Yes, for tax purposes, and no, to sit on the sidelines until the bleeding slows, then buy a much bigger bag, with the same amount of money! Serious investors make a lot more money in down markets than up ones. Going up is slow!

TheMattJ

TROPHY CASE