Post
Topic
Board Announcements (Altcoins)
Re: ANN [MCO] MONACO #1 Cryptocurrency Payments Card
by
overoneone
on 05/09/2017, 00:14:14 UTC
Bottom line , 1 MCO = 10 usd
                   1  PAY  =  3 usd

... thats exactly why there are so many people losing money in this market.

1. Look at the number of tokens for each project.
2. Look at the current token distribution for both projects.
3. Look at the marketing philosophy of both projects.

4. Reconsider the meaning behind the token price and how its totally uncorrelated to the actual achievements of both projects.

At the moment it is nonsense to compare both companies by token price, thats absolutelly no indicator for the future. Everything is and will be just speculation and hope in the next few days.


I agree with you, but only 1/10 person gets this here.
The time bomb for MCO (and XRP as well btw) is the increase of supply to come (x2)

If people get this, good for them. If not... Let them lose money.

For some to win, others have to lose sometimes (at least on a closed market)

Yea, but not if market gets constant increase in funds like it does and constant increase of new users like it does.

Price goes down but it will come up purely from the fact that too many new funds are coming in constantly 24/7.

True. It depends on how fast the tokens will be issued: the bomb could be defused "sort of" if the market cap increases faster. (Cards usage = more business)

Bottom line: Keep in mind the future amount of tokens in the calculation for the unitary token.
Marketcap: make your calculations:

my personal feeling is $400MM -> at 20M tokens is $20 per token.


Well that, plus bitcoin value goes up therefore coin value goes up during the same exchange rate between coin and bitcoin.