Re: $500 BILLION mkt ∞ Good Karma ["GOOD"] ∞ Ethereum ∞ From the Inventor of the ICO
.000002 ETH puts us at $450,000 market cap. this is way undervalued IMO. just look at the coins around #350 on coinmarketcap. most of them are completely inactive! nowhere to go from here but up
You think that $450,000 is undervalued as of today?
This is around 100x the price the coins were initially sold for some days ago!
I would like to know how bought most coins for dirt cheap and what are they motivations for the next weeks/months.
Hopefully some of the Karmacoin bag holders were able to pick up some coins. The lack of a swap for 'new Karma' (due to the billions of missing and stolen exchange wallets) is the main reason I created Good Karma.
There wasn't much interest in the coin in the beginning, even from Karmacoin holders
We'll see what the next few weeks hold.When I start to show some tangibles, then I think it should be worth a bit more as a project.
There wasn't much interest?
Maybe not, but this still does not make it right that some guys (is it more than one?) bought all the coins for very cheap (they were first listed for very cheap).
The first adopters got it almost for free, and all the GOOD was sold very fast (hours? minutes?).
The difference of purchasing power (in number of GOOD units) of someone that saw the coins for selling when they were first listed, and someone that only reached the exchange hours latter was huge.
This presents a huge advantage to early adopters (opening the EtherDelta page one day latter than the initial listing day and you can only purchase GOOD for 100x the price...), similar with what happens when a coin is premined.