Quote from: sotisoti on February 18, 2017, 04:48:10 PM

Quote from: cbux on February 18, 2017, 04:35:52 PM

This will be a very unpopular sentiment. I forecast that within 90 days the Golem price will fall 90%. Furthermore. I believe many crypto projects are excessively overvalued as well. I strongly ask exchanges to start implementing the opportunity to short coins, this is the only way a true market price can be determined.

Why do I believe Golem will fall 90%? While the community focuses on coin price, the total market cap of Golem has soared past $30M!!

I am a startup investor that has been involved with tech startups for two decades. Golem is a "company" with a phenomenal idea, but no proof of concept, much less an MVP. I believe $3M would be a generous valuation at this "company's" current stage. I won't argue these points with the community, I'm not here for drama, just to make an observation.

Anything can happen in crypto world. Golem raised ~7-8mil USD last year, I don't deny the factors of PnD + hype but 5x post-ico valuation before the Brass Golem release seems to be a reasonable market cap to me.

The dev team does very actively make commits to github, but at any given time there are only 2-3 peers on the network. My machine (i7 480x) has been running the client for a few weeks and has not processed a single task. I have no doubts about the potential, but the hurdle is very high and the valuation is completely unwarranted.

cbux

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