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RE: This Coin Will Go 10,000x?!

in #theta7 years ago

Hey @furiouspete123, thanks for sharing your thoughts on this project. I have looked in to them before, and they seem like they have a pretty good potential product, but if they do not have a product yet after the amount of seed funding they got, that is a red flag to me. Now I know that they have a centralised platform, but that is no good when it comes to migrating to a decentralised platform - it is actually quite difficult to do. Now maybe they can do it, as they seem to be good on the technical side, but I am not sure and we can't be either.

As well as that, saying that it will even 1,000x in price would mean that its market cap goes to $107 billion, which is higher than Ethereum's current market cap, and higher than the entire live streaming markets predicted market cap for 2021 - so unless they create a new market, I don't see how this could happen.

I work full time in the ICO space, and honestly this is the worst thing that you can do - give projections. Even if it is just a lighthearted, extremely optimistic projections, you need to be so so careful as your advice may be taken as investment advice, especially when you explicitly state that you think a price will be a certain amount.

Anyway, I generally really like your content, and I hope that my constructive criticism has helped!

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its already being used as a form of currency to tip live streamers

That's cool, but creating a token is easy - in fact it can be done in a few days Max, the hard part is the blockchain itself. Of course though, you're entitled to your opinion! Love your health and fitness stuff too by the way.

definitely see your side too though for sure