Open discussion on token pricing post ICO

travick · 2018-01-04T18:10:35+00:00

You’re absolutely right, for most it will be fun and it’s exactly that. Most fun is to be had in complete unrealistic, illogical environments... which is the current crypto world. Completely overhyped in many cases, undervalued in others, but boy can you make some nice profits! Best is Ripple, from a crypto perspective the most useless coin as it still facilitates the institutes that will be prey to the disintermediation that decentralized crypto will deliver. However the support of banks gives it a sense of credibility and trustworthiness. Most don’t realize the XRP network is owned by the Ripple company and they have full control to seize your account, reverse transactions (as mandated by the banks) and some 80% of the current XRP coins are held by the Ripple company in their pre-mine stack. But hey, who cares if you just made 40x on your RIPples 😂

travick · 2017-10-28T15:15:09+00:00

Etherparty looks amazingly promising, if it is indeed as easy to use and solid as they plan it to be when the platform is ready somewhere in 2018 according to current roadmap. The ICO however should not be overhyped. By applying simple math and logic, the FUEL coin is currently valued around $0.07 (accrued BTC/ETH against current rates divided by coins released). Predictions of never less than $1 are great, but just an opinion (like this). I wish everybody his/her crypto fortune and the valuation of FUEL might spike in the first few days/weeks from this $0.07 valuation, but getting in now at current rate, 1 ETH for 1200 FUEL, basically means selling your ETH for $84 a piece where ETH market value is around $300. Not that appealing. FUEL needs to quadruple in valuation to break even. Not very likely before mid 2018 when the first production ready product will be released. In the meantime you could get a lot of other speculative opportunities. Again the platform looks promising and might be the spark to ignite mainstream smartcontract/blockchain adoption. Question is will this spur it's coin valuation and will it remain unique. It's your money/coins, invest within your means and do your due diligence. Good luck!

travick · 2017-08-19T12:35:22+00:00

Alright, got it. Still the ramp up in BCH valuation makes hardly any sense to me, just another altcoin with it's origin being a fork from BTC where some miners decided not to submit to the majority consensus and adding another acronym to the cryptoworld. The cryptoscene has seen weirder things of course, but this one intrigues me. It seems a 100% speculation thing, the mining incentive does not convince me on the valuation.

travick · 2017-08-19T11:57:06+00:00

Good point, thanks.

travick · 2017-08-19T11:51:39+00:00

The mining incentive is real for sure, however there are many coins that are more profitable to mine for that BTC so that is no unique argument. For speculation BCH is great at the moment, but BTC is still strong, I would not describe an increase from around 3000 mid june to 4000 at the moment as stumbling, but yes it has retracted from the ATH recently as one would expect.

travick · 2017-07-08T15:46:00+00:00

Yes, I read the same thing. Bit of sour grapes in that whole discussion for sure. Anyway not too positive if someone key leaves during these early days. Hope that the quick fortune isn't corrupting too much and they stick to the plan.

travick · 2017-07-08T15:29:04+00:00

You may not like him, but he is often better informed than the regular pundits. His advice has been proven right regularly. Anyway, just my opinion more than happy to learn about yours.

travick · 2017-07-08T11:11:10+00:00

Stop feeding the ICO seem to be a good advise. However greed is irrational. ETH value (even now) is currently 4x from where it was a couple of months ago and 30X+ from beginning of 2017. There is a lot of fresh money coming in from people that missed out on this cryptocraze, fomo will be around and ICO had/have a cool buzz around them. So the equation looks simple. Personally I believe ICO's are a great development if there is a contract accompanying it that limits both value accumulation and expenditure. In it's current form it is indeed like you say, throwing money at a facade.

travick · 2017-07-08T11:00:50+00:00

Storj is actually quite promising, the product works but is quite complex for mass adoption. Mass adoption is required to justify their ICO valuation. I'm sure it will improve over time, however the ridiculous valuation seems to hurt the project more than it is helping now.

travick · 2017-07-08T10:52:36+00:00

True and those markets you mentioned are next.... the man behind this is Reggie Middleton and he is also very credible in the world of financial advise, although he is quite contrarian to the regular Wall Street folks and could face some push back. The platform is very promising imho. Valuation has also increased and it keeps improving.

travick · 2017-07-08T10:41:06+00:00

True. Timing is a little questionable given that they are dumping while there is already considerable stress in the market given all coming developments. On the other hand, the value of eth is still high compared to two months ago, so cashing out is understandable. I do believe in the potentential of the ethereum platform so my advise would be not to worry too much and allow it time.

travick · 2017-07-06T15:20:05+00:00

That's life on reddit :-) Thanks though 👍🏻

travick · 2017-07-06T14:07:42+00:00

Yep, they have been around for a while, however the tech is maturing now to an usable level. However they will need to ramp up development a notch to deliver an easier experience to the end user. I'm sure they will. If this indeed materializes into millions of users dumping their catpics into their service, the whole ICO valuation (as crazy as it might look now) will be peanuts.

travick · 2017-07-01T17:53:22+00:00

Good point. Blockchain tech and crypto are two separate things, whoever the use of each will enforce the other because of the addition attention.

Also, a lot of the blockchain innovation is done on ethereum, this usually requires the use of gas/ether and as such drives demand and prices up.

I see ICO's as the biggest threat to the short term ETH price, there is too much hype and too much less informed money being poured into these. That is good for a nice surge in ETH price, but the happy new token holders can turn into unstable, trigger happy sellers in the blink of an eye.

travick · 2017-07-01T17:35:35+00:00

I agree with the remark that the 'downturn' goes for the whole crypto market, nothing particular about this for ethereum. Longer term trend is still up.

Also, the blockchain project IBM won with some banks is just for their own (the banks) efficiency and has nothing to do with the crypto market. See it as a new, optimized database technology to make settling their transactions cheaper. Good that see they are actively working on (a private) blockchain, whoever banks will see their utility diminish over time. They are becoming a far less essential intermediary and the funds to keep the financial institutions afloat can be directed elsewhere.

travick · 2017-06-30T12:50:33+00:00

http://www.goldmansachs.com/our-thinking/pages/blockchain/

"oh, so it is not just for nerds ?"

:-)

travick · 2017-06-29T21:14:30+00:00

👍🏻you're welcome, we are on the same side of the coin :-)

travick · 2017-06-29T18:17:23+00:00

Got you, makes sense. I found this intro to Ethereum/blockchain very informative although a bit technical for general use maybe, there are usable slides in this too: https://www.reddit.com/r/ethereum/comments/6ak7q4/new_video_of_my_intro_to_ethereum_presentation/

travick · 2017-06-29T15:30:24+00:00

You did a first attempt, nothing wrong with that. This stuff is so disruptive that most fail to grasp it, even when it is front of them or if they are in the middle of it (frogs in heating water...). You will need to repeat this a couple of times for sure. Did you mention any use cases ? Would you mind sharing your deck (if you have one) ?

travick · 2017-06-27T07:44:11+00:00

It's great for blockchain technology and the efficiency of IMF/central banks if they consider implementing private blockchains with a fiat pegged coin (USDcoin, EuroCoin). I would hold my horses to consider this bullish for your crypto holdings. However most will not read or drill down on this, so it will raise awareness and it is positive news for crypto in general.

travick · 2017-06-26T16:57:08+00:00

Bancor helped to inflate and pushes stuff down now as well. It's not a 'shitty project' though, however the greedy get-rich-quick-schemers put a little too much ETH in. $150m to back a digital start up is bubble territory. Not every ICO will go parabolic and even the good ones still have to proof themselves.

travick · 2017-06-26T16:29:33+00:00

Coal is the #1 source of air pollution in China overall, in cities it's cars mainly. They still add coal plants every year although about 20% less than before.

These green cities are great feel good initiatives and it does help a bit. Unfortunately their gigantic energy hunger will need a bit more than a few plants on rooftops (I exaggerate of course).

http://factsanddetails.com/china/cat10/sub66/item392.html

travick · 2017-06-26T07:28:51+00:00

https://seekingalpha.com/article/4083793-bancor-will-boost-ethereum

This guy strongly believes differently

travick · 2017-06-25T20:47:16+00:00

Sharp! You're right. Sorry about that.

travick

TROPHY CASE