You missed the point. Yes, you buy partially based on future growth, and when you do that you buy in cheap. You do not buy in at a 3k BTC valuation for a project with a ceiling of MAYBE 5k BTC. Thats assuming best case scenario and that GBT truly takes off. Thats a dumb buy. The chances are much, much higher that investors will take a giant loss.
I actually own one of those mid-high volume platforms. No one in our industry is making hundreds of BTC per day. My site does barebones advertising and we did more volume in our first day then what GBT has accomplished in a couple months.
Again, I like the idea of GBT, its valuation is just ridiculous.
You do realize, that valuation of a coin and valuation of a company are 2 entirely different things? GBT is a CRYPTO CURRENCY, that has some backing from a company, consider it A BONUS. It's not a stock, it's not a share, it's just a coin with a fixed supply, and most of it was sold for a $100k. If SUPPLY were to dry up and if there is DEMAND - the price will rise. It's as simple as that.
All this theoretical valuation at 3-5k btc is just that, THEORETICAL. It's not like devs are keeping 90% of coins for themselves to dump after a price rise(although, some cryptos did that and it even worked for them somehow).
Jeez, I have no idea how you people are still taking a part in those crypto markets if you can't even understand such a simple thing. Do you even trade any crypto, or just hang out here to push your site?
Do you seriosly think that all those cryptos that are traded out there are fairly evaluated based on some future dividends? Or do you think that there is such a big demand for them from anybody beside traders, looking to buy low and sell high?
It's all just a speculation on the future of dev teams and projects that are associated with them.