Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SEED] SeedCoin | 10/11 MANDATORY UPDATE
by
beefie
on 15/10/2014, 05:18:11 UTC
OK, I have hinted at this one time before: "At one point there will be an opportunity here".... This is going to surprise some, especially the ones with nuts in the brain: I believe any purchase with the market cap under $10,000 is going to make profits in the short term (thinking long term at this point is just baseless optimism).

This is not a change of heart by any stretch of imagination, like I said I hinted at it a couple days ago. I don't believe this project has any possibility of surviving beyond a few months best case scenario but the market cap has gotten to excessive lows and it appears that it will go to the teens, as which point I believe it will become an opportunity to make some profits quick. Just take a look at the market caps of "jewels" such as Asic coin, Dime coin, Trust Plus... I believe under $10k market cap, the prospects of significant profits are solid.

I know I will be buying.

Barabas, can you give me a few lines to explain market cap and why being so low is good short term? i am asking not to be a smart ass, i am really trying to learn as much as i can

Beef

He just realized that there may be a very little amount of total coins. Also a couple of the big wallets im sure will hold so the number of tradable coins will be even fewer. That along with the fact that a bunch of people will dump after day seven could be used for profit. The dumping will drive the price to shit, so there may be some really cheap coins to be had.  He is planning on buying the dump.



Cheers, got it now

Beef