Re: www.gamebet.gg Launches GameBet Coin (GBT) eSports -- SALE OVER!!!
Fools and their money. The main purpose of the coin was to represent profit share of gamebet, and that is the value behind the coin. Speculation is not value. I'm not sure why you are saying the valuation is theoretical when they sold a 10% stake for nearly 300 BTC total, thats simple math.
Please show me where I have pushed my site, as I have stated before I am not in the sports/e-gaming betting industry and have no vested interest in the success/failure of GG.
Regarding your comment on cryptos being fairly evaluated... I think they are overvalued if anything. 99% of cryptos out there are worth absolutely nothing, people trade based on speculation (read: gambling). There are a ~dozen or so coins out there that have any true future potential.
I'm done posting in this section.. I'll check back in a few months
Fools that make money Please show me where I have pushed my site, as I have stated before I am not in the sports/e-gaming betting industry and have no vested interest in the success/failure of GG.
Regarding your comment on cryptos being fairly evaluated... I think they are overvalued if anything. 99% of cryptos out there are worth absolutely nothing, people trade based on speculation (read: gambling). There are a ~dozen or so coins out there that have any true future potential.
I'm done posting in this section.. I'll check back in a few months
How stupid of us.As I said, it's 10% of profits, not 10% of coins, not even a 10% of the company. Price of 100 sats, for instance, would allow a single person with 21 btc to buy the entire supply of coin. But it ain't gonna happen, because there are more people on the market, and the price will be driven up. It's that Supply/Demand thingie you keep trying to ignore.
If we have 10 apples and 90 oranges in the stack, it doesn't matter that there are 100 fruits in total, there are still only 10 apples to satisfy the entire demand for an apple on the market. You can try to convince people that oranges and apples aren't too different, that there are actually 100 fruits, but people that want to buy apples will still face a shortage of those, hence driving the price of an apple higher.
Anyway, the point is, there is no "fair" price for something, there is only the market price. You either buy now, or wait, if you think that it will go lower. But markets can remain irrational longer than you can remain solvent.
We will see how this works out in the coming months.