Quote from: spinnycat on October 14, 2017, 08:17:50 AM

Quote from: Umber on October 14, 2017, 06:22:56 AM

Quote from: spinnycat on October 14, 2017, 05:07:44 AM

Quote from: Umber on October 14, 2017, 04:40:59 AM

What happens to the price when burning on the 22nd?

That is the million dollar question. You would expect as supply is reduced that the price would increase as a result, meaning each flik will have greater value in the market. Although in crypto, nothing is for sure

Of course

To what extent would you expect?

If the bitcoin fork was not occuring, as well as the ethereum upgrade, I would say 70 cents by next year. But with those two big things going on everyone is holding their eth and btc, so may reach less.

I cant remember exactly but I think at a dollar each token remaining after the burn it would of been around #50 on coinmarketcap which is not unforseeable. Hence, million dollar question I guess!

Streaming video IS the now and the future of entertainment. No one bothers with other mediums anymore. The question is can Flik deliver a service that will have at least 5% market share; that alone would be a significant amount of revenue. I am optimistic they will with some partnerships they have already announced.

Using the approach of working with existing players in the market rather than against them is very smart.

They wont take over netflix, anyone saying that is dreaming; flik is way too new its like a newborn baby. It has to learn to crawl before it can walk. But the market is so huge that even a small share would be epic for a company born out of an ico.

Also Flik is broader than just a streaming service as its looking at funding projects too, but anyone can check out the website and see that info if they wish.

Usual caveat applies: this is my opinion and I welcome people to comment with differing opinions. After all thats what makes these forums great.

i think when the founders were planning this FLIK stuff..i can say with certainty that they are not planning FLIK to be valued at cents..

at this early and low price, profit is profit...so traders can take their profit at higher cents.

BTW successful projects brings in fresh fiat to its market capitalization not just ETH and BTC..