Interesting times. Am very curious what price the stakes will reach at auction.
max 5 btc. beyond that there will not be a good return for those winning the bids
And you say that based on what?
5 btc would put NEM at 20000 BTCs which is roughly around $10M. My guess is NEM would have a market cap of 50 - 70M in the initial weeks. Wouldn't those bidding expect a return of 500%?
Well this is my opinion.
Even if someone was willing to pay 5 or 10 BTC per stake, the people selling their stake would much lower the price, because at over 2-3 BTC, many people would sell to realize their profit!
not really.. if people are willing to bid for a stake pre launch then it shows how much demand there is for stakes... the more demand the more people will want to hold and see what happens... but there is always a point when the rice price is reached.. for me for a nem stake it would be atleast 6-7 btc... no less...