A few months ago, I bought XXXX ETH @ $21 per coin. I needed only 2 minutes of reading about Ethereum and Vitalik Buterin to understand it was BREAKTHROUGH.
In a couple of days ETH rapidly went to $56, WOW, and in couple of days suddenly dropped.
Everybody screamed "ETH is shit" and bla bla bla.
The carousel repeated again and again. ETH was long time trading @ $30-$40 per coin, and nobody EVEN PAID ATTENTION TO IT.
Everybody could grab ultimately cheap ETH, but few people (me among them) really believed in that project!
Everyone could have a chance, but no one used it.
Lots of people panicked, I saw a guy selling 25000 ETH @ $40. Yes, then it was 1M, but now it could be almost 10.
Moral:
Real investing is not about fast buying and fast selling. It's about believing and patience.
I sold my ETH @ $275 to invest all the money into MGO.
I believe in MGO and still believe in ETH.
All the rest doesn't matter.
Those who've screamed will keep screaming. Those who've made money will go on making money.
Good luck to you!
-Serge
Good point. Now many people around want to have easy money in crypto for a week or two. Sometimes they can do it, but really big money got a long time invrstors. MobileGo is long time project, and patient investors will be rewarded.
Is it though, longterm I mean? I thought it was essentially a temporary crowdfunding coin to acquire funds to boost GAME token use/acquire users, and in the end they will buy back and burn all of the MGO tokens, hopefully with GAME tokens being worth much, much more, as well as the final MGO price at burning time. I'm a total noob, over my head and admit it so I can easily be completely incorrect.
You partially right. Game will be utilized to buy and burn MGO tokens but its not a temp coin. Rather its amount will decrease over time, thus driving up its value. MGO is to Game, what Petrol is to Firewood. One is the catalyst, but used cohesively, the reaction is sped up. Just hold on to your token for a yr, if its financially feasible and you will rewarded for it. Like you said, Game's value has increased, so you would expect MGO to follow suite, and the value will reflect the reduction in number over time.