Post
Topic
Board Announcements (Altcoins)
Re: [ANN][HASH][POS] CLEVERHASH COIN [SATOSHIS CLOUD MINING] X11 X13 X15 ASIC MINER
by
notlogic
on 28/11/2014, 18:04:40 UTC
I'm actually pretty happy about the price. I've been able to scoop up many more shares for cheap.

For anyone complaining that they weren't able to make a quick buck, you are really expecting too much from the crypto market. Considering that these shares will be worth at least $0.80 when the miners go on sale next year, that's over a 50% profit in less than a year for ICO investors if they sell. If I could get reliable investments like that, I'd never work again.

However, for those of you projecting the stock will go over $1... I fail to see how that could be sustained for any time without serious manipulation. CHash coins have a very real, tangible value and I see no reason for it to exceed that. I think $0.75 to $0.90 is most likely as manufacturers tend to offer their products at slightly higher prices than distributors, so the CHash coin market would level that out.

I do see one way that CHash coins could go to $1 or more, though. There will certainly be a lot of people waiting to be first to get their miners once they start taking pre-orders. If Cleverhash were to announce (let's say, late next Spring) that people paying with CHash or Boom coins will have their orders fulfilled first, that would improve both the coin markets. Announcing that right now would most likely just been seen as a ploy to pump the coins before they have mass market acceptance.