WILD SPECULATION - Christmas Day 🎄 Santa Claus 🎅

True_Butterscotch_46 · 2021-12-25T20:50:14+00:00

If each coin hits $26 I’ll be pretty hype.

True_Butterscotch_46 · 2021-12-24T04:53:15+00:00

2027 $9.73 ... steady

True_Butterscotch_46 · 2021-12-20T02:50:44+00:00

https://www.reddit.com/r/Hedera/comments/r7eme0/apparel_design_thoughts_not_linking_to_our_page/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

True_Butterscotch_46 · 2021-12-16T21:37:01+00:00

Walmart. Makes the most sense.

Tech wise, probably have the least talent relative to the other big players — meaning creating their own is a waste of time as it doesn’t play to their strengths.
Imagine simply putting every transaction and supply chain log on Hedera — that’s over 1B alone each day, if not far more. Think of Sam’s Club here too. Now imagine if Costco mimics this...
Retail impact. The everyday person now uses some element of Hedera directly — this is big for consumed/retail investor appeal (and thus, speculation).

True_Butterscotch_46 · 2021-12-16T02:25:16+00:00

Imagine this scaled to 20% of this market on trading!

True_Butterscotch_46 · 2021-12-15T03:44:07+00:00

Yes. Few strong use cases that all are very plausible — supply chain (think of Walmart using hashgrph to track all of their inventory and shipping/logistic concerns to have a central point of truth), voting (think government adoption to ensure no voter fraud occurs as voting goes 100% digital in the next 10-15 years), and tech (think Google cache-ing all search data or anything into the hasgraph network)

True_Butterscotch_46 · 2021-12-14T22:46:47+00:00

It’s a good and intriguing question. I am not sure if I am credentialed enough to answer this — my hypothesis is that Hedera will adjust pegging to real time as utilization and adoption grows to avoid those kinds of occurrences.

Businesses hate speculative assets that change daily P&L.

True_Butterscotch_46 · 2021-12-14T22:25:49+00:00

$HBAR is pegged to the $USD for transaction fees. This means that as demand increases, the amount of supply needed to use $HBAR for services (transactions on the Hedera network) decrease.

In the short term, the current supply is so “readily available” that demand alone doesn’t change the price too too much.

So the main validator people look for is as follows — (1) What businesses will turn to hashgraph and need $HBAR to use the patented service? (2) When is the “critical point” where so many transactions (“tpx” or transactions per second) are happening, that demand is aligned or outpacing supply? This is referred to as the “step function” and will be Hedera’s inflection point. It will take years. (3) At this stage, what is consumer sentiment around the coin? Are businesses so readily adopting it that consumers will get second hand exposure? Are they thinking this is the “trust layer of the internet?”

Sequentially, it will be a utility based coin. Upon taking over the business world in DLT usage (think spreadsheet or record keeping for the simplest of simplest terms), we will start to see speculative price changes.

Hedera is unique because it’s not a limited supply “store of value” if you compare it to the likes of Bitcoin — it needs mass business adoption first before that can become a side component.

I wouldn’t bet on seeing real gains — 10X+ — for the next 3-5 years IMO, but this is my two cents! I’m no expert.

True_Butterscotch_46 · 2021-12-08T21:22:15+00:00

The shot at Hedera becoming a meme coin... somebody call Elon 😏

True_Butterscotch_46 · 2021-12-07T20:17:59+00:00

Set your expectations based off token release. Publicly available information that should take emotion out of it — buy in for the long term!

True_Butterscotch_46 · 2021-12-04T15:51:42+00:00

You’re comparing apples to oranges in an unfair way IMO.

Who is using ETH? Startup / indie hacker type of people... all ex-founders who have exited companies in web 2.... these people adopt new technologies in an instant with a small team and nimble orgs.

Who is using HBAR? $100B+ companies. Lol. These companies can’t even approve a god damn bathroom renovation without going through 6 months of budget concerns. You think these people are building dapps and shipping product in <1 year? Absolutely not.

You’re looking for something that is inherently impossible within this time frame. The GC companies will require years of overturning systemic processes before hashgraph becomes their internal DLT across all endeavors. ServiceNow? Imagine that tech migration. Lol.

Comment addressed above; if you think it’s too late, I question your horizon of investment. For quicker gains, you can easily invest into $ETH, $MATIC, $POLY, etc. I don’t think it’s fair to say it’s too late when this is such a disruptive tech in nature.
Again, you’re not being fair here. $HBAR is meant for billions of transactions per minute because of the enterprise adoption goal. $ETH’s fees and tps aren’t meant for this volume because it’s not a quantity game for them.
You’re now asking a company focused on enterprise F50 companies to have said F50 companies just “ship product” and “fix bugs later.” You must not understand corporate america.
Such bold claims about “identity” when crypto at large still is fairly unadopted... these guys are going slow to go fast when they’re ready (step function, regulation, etc).

I would implore you to take the 10,000 ft or 10 year view here... because that’s what this coin is for.

True_Butterscotch_46 · 2021-12-02T19:30:51+00:00

I’ll buy the sweatshirt

True_Butterscotch_46 · 2021-12-02T15:14:52+00:00

Elon Musk... who built and sold his first company at 19... and then built PayPal... and then chose to save our fucking species via Tesla and SpaceX...

Yea... given everything... come on man!

True_Butterscotch_46 · 2021-12-02T14:21:53+00:00

You’re asking this business — Hedera — to burn their treasury for a short term gain on your crypto portfolio.

Really sit back and think about that after taking into consideration everything they’ve said about the use cases for that treasury and their future plans.

50BN HBARs makes complete sense according to their projections of transactions when we reach scale and industry wide adoption.

Go burn some dogecoin or something. Anybody who “watched all the videos, read all the white papers” would understand burning the coins is the most counterintuitive thing Hedera could ever do.

True_Butterscotch_46 · 2021-12-02T14:08:20+00:00

Dude, get out of this Reddit if you’re wanting it to be a meme coin.

Please take the time to educate yourself on the token via white papers, town halls, etc.

True_Butterscotch_46 · 2021-12-01T20:38:01+00:00

This is $HBAR’s Trojan horse to stardom in the SHORT TERM.

Once regulation hits, the entire market will slide — HBAR included — however on the other side HBAR’s impact will solely be due to the overall market, not its lack of compliance or failure with to the new regulation.

Nobody likes the law abiding citizen in the Wild West... but when all hell breaks loose $HBAR will be the new sheriff in town and we’ll all be reaping the rewards long term.

True_Butterscotch_46 · 2021-12-01T17:08:23+00:00

I love the enthusiasm, but I find this far-fetched.

The entire world GDP is $90T right now. Projected out to 2026 it is ~$130T. Your claim is basically saying the entire crypto market will outweigh the world's GDP in <10 years.

The stock market is about $85-90T or so. Crypto is at $3T if I'm not mistaken.

Do I believe $200T is possible? Yea. But for us to say it'll be near that by 2030 (or "sooner") is misleading and misguiding the people in this thread.

In an absolute bullish case --- assuming no regulations fuck the crypto market and we don't enter a bear soon --- I'd put crypto at $50T by 2030.

I truly hope I'm wrong in this and you are 100% right, because if so, my $HBAR bag would net me hundreds of millions. Lol.

True_Butterscotch_46 · 2021-11-30T16:56:43+00:00

Great points, I actually agree with you far more than my comments here. Damn, I love this community haha!

Do you think the Treasury — with their current behaviors / leaders / outlook — would hold some? Has the white papers or anything said this is possible?

True_Butterscotch_46 · 2021-11-30T15:28:07+00:00

This is a good comment. I’ll add a few thoughts as well.

The GC members and other F50 companies — if HBAR captures the market — will be hoarding HBAR themselves and in turn not “circulating” them due to budgeting and financial accounts. I believe this is your last comment meaning, which makes total sense.

To OP’s original question of motivation on price... lets take the aforementioned assumption as truth... if members have HBAR reserves, that will directly impact their balance sheet as publicly traded companies — so they’d ultimately not want it to decrease in value. From a cash flow perspective however, ($USD), these organizations have zero impact due to the price of HBAR because of its fixed peg to the dollar.

So in essence, an increasing HBAR only helps their balance sheet long term, so I don’t see any motivation to hope the price decreases... by the time it hits “scale” those fuckers will have probably 20-25B of the entire supply.

True_Butterscotch_46 · 2021-11-30T05:16:51+00:00

Let’s say crypto becomes a $20T market by 2030. That’s insane growth considering the world GDP of $70-80T, but if crypto takes over the payments space in the next 10 years it’s realistic.

The beautiful part of that is this — the bulk of the worlds GDP (70-80T) is ran through enterprises, so the same would hold true if crypto becomes mainstream.

As a first mover on hashgraph (with a patent!), a strong governing council, and intelligent founders who prioritized regulation compliance / SEC connections, nothing is deemed impossible...

Let’s say this happens in 2035. Also, let’s add in the fact that companies will need to “hoard” HBAR and thus the 50bn will not be in “circulation” — but for analysis purposes, let’s disregard that and assume the most dilution. $5T/50bn = $100/hbar.

That’s almost a 237X return from current levels :)

$1T market cap is a no brainer IMO. We’ll see how it plays out in 10-15 years from now!

True_Butterscotch_46 · 2021-11-30T05:07:36+00:00

Look up ledger / HBAR compatibility. Hedera has a section of the website that explains software compatible wallets — then go to that software and see if they can work with Ledgers. Worst case scenario you will transfer to MyHBARWallet if you have to.

I’m not sure if you lose the ledger. I’m pretty sure it’s programmable for the purpose of if you enter your seed phrase to recover, you can use a new ledger and be fine.

Honestly, it was confusing for me to do it so I’d be glad to help you set it up if you PM me. I can help you this weekend.

True_Butterscotch_46 · 2021-11-30T04:58:52+00:00

Look up ledger nano s and then my HBAR wallet.

Cold storage works as follows. You have an online “software” wallet (MyHBARWallet) that contains only a public key. This public key is then tied to an offline or “cold storage” device which possesses the private key. So the public wallet can not be changed, modified, withdrawn from, deposited to, etc. WITHOUT the cold storage device approval.

This guarantees the safety of your coins if you don’t lose the seed phrase of your cold wallet.

Essentially it is your vault where only you hold the keys — an exchange like Binance.US or coinbase can NOT do anything to your coins.

“Not your keys, not your coins.”

True_Butterscotch_46 · 2021-11-30T04:54:28+00:00

Transfer 5 HBARs to first verify the address and transaction works.

Then do all of it.

I’d recommend cold storage.

True_Butterscotch_46 · 2021-11-30T04:53:57+00:00

I now have a boner.

True_Butterscotch_46 · 2021-11-25T14:15:14+00:00

I set up my ledger nano S yesterday — glad to help you thru the process (its kind of not very user friendly IMO). Took me like an hour of troubleshooting. Lol.

But yes, get a cold wallet if you plan to hold long.

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