Re: beginner in economics - have one question about chia crypto price..
guys, today I have read one post on reddit saying that chia, as a company, is valued at 0.5 billions but they have premined cca 21mil coins x 250 USD = they are sitting on 5 billions (so 10x more as value of company)..
that comment was like - wait for IPOs and don't buy today so my really beginner in economics question is - is it an indication for price to go 10x lower..?
because this is how I understand that comment and I'm like
1) where to get a info how much chia as company is worth?
2) if the company is really worth at 0.5bil and has 5bil in coins, will it lower price 10 times?
maybe some of you are bigger maniac on economics then me...
that comment was like - wait for IPOs and don't buy today so my really beginner in economics question is - is it an indication for price to go 10x lower..?
because this is how I understand that comment and I'm like
1) where to get a info how much chia as company is worth?
2) if the company is really worth at 0.5bil and has 5bil in coins, will it lower price 10 times?
maybe some of you are bigger maniac on economics then me...
It might be better if you paste the link so we can at least see the post on Reddit you mean. Regarding this clear economic calculation, it might make you profit. But you need to remind yourself that it all depends on how trending this coin in the eyes of investors is whether it can attract them to be interested in the CCA coin you mean. So far I have never heard of a successful project of this coin. Keep doing your research first before you invest everything.