Value of a coin | BitcoinSachs
Value of a coin | BitcoinSachsPer usual speculators flood the economy and muddy the waters. They are similar to locust. What is usually lost in the mix is all common sense, and sort of perspective. You have to first remind yourself that cryptos are not a sustainable Wild West. This is a very short lived micro-burst. The massive pumps, the unregulated insider trading, collusion, etc. will all come to a halt sooner than you guys will believe. If you really think it’s untouchable, you don’t live in the real world. Cryptocoins are 3 things. They start off as a commodity. That’s what brings all the locust into the mix. Coins are not created equally, and very few of them make truly good commodities. Too few coins and it use taken over by pumpers and at best can be a way to store wealth. Too many coins or unlimited coins and you dilute it to the point of never being worth anything and chronically reducing it’s value. It’s the MLM of coins. You MUST have more people join to retain the value you put into it. Some people like it because you can only tens of millions of coins which sounds great, like having a trillion dollar Zimbabwe note. It’s a novelty but completely useless. That’s not cute, it’s not funny, and it’s going to cost real people real money in the real world. To have a good commodity, you need a good number of coins which of course is relative. Bitcoin is a bit on the low end for a global commodity which is why it’s price will always be so damn high. I would not be surprised to see it over $100k per coin in the next year or two. Between 100-500m coins seems to be a better number. Once mass adoption sets in, coins will trade closer to where NYSE trades. Currency is a big one. Everyone talks about how great Bitcoin is! YAY! Bitcoin is accepted here! Well, sorry guys, but Bitcoin blows as a currency. It will be replaced very soon by an altcoin or 3. Bitcoin is too expensive (don’t give me that mBTC or Satoshi bullshit. No one in the real world will ever use that. Sorry. ) It’s also too slow. Bitcoin will be the gold to the USD. It has it’s value in the commodity and store of wealth, but it’s just not going to be the currency. I love that BitPay hasn’t figured that out yet. I know, we can fight about this all day. What will happen is all these places taking Bitcoin will have made it easy for the other sha-256 coins to slide into it’s place. I like Zetacoin as the currency moving forward. I think between number of coins, speed, and stability among the price and community it is very well positioned to make that leap. You guys who want to argue that will see why here over the next few weeks. If you have a trillion coins are your price is $0. 00019 no one will ever use that as a legit currency for the same reason that Bitcoin is a bad currency. No one wants to do that math. Much math very inconvenient. Payment Gateways are going to be the battle. I cannot say much about this because I am in a business venture that is tackling this very thing so my partners would kick my ass for writing what I know in this section or what I think is going to happen. What about the community? That’s the trump card to an extent. With a good community, it can overcome being bad at all 3 major factors. Doge has done a magnificent job of serving with community despite being completely useless. The long term of it is going to be dire for them though. Once the community gets over the novelty, discovers that it’s a pyramid scheme, the coin is dead – but for now, much wow. WDC has done a great job, and if it weren’t for all the scam warnings I’d be more excited. DGC is a solid coin with a good community. I like the job Franko is doing as well. Zetacoin has a pretty good community but I am biased on that. A community can cover up some of the coins weaknesses, but if it’s useless, eventually it will crash and burn. A great coin that is well built for the big 3 will survive and will eventually blossom under the right leadership. I am one of the founding members of a group building a new exchange. This exchange will be home to a hand-selected number coins. Unlike all these random exchanges popping up, we are going through all the regulatory paperwork, compliance issues. We will be going through the SEC, and eventually be able to IPO. We’re not running some short game, some nonsense skipping important steps. We will be the one left standing. The exchange has the same mantra I do with zbad305. Doing the right things the right way for the right reasons. We are building something to last, something that will change the game and will leave everyone else playing catch-up. I have been collecting emails from interested potential investors. Originally, we had no intention of raising capital that way, but overwhelming responses have us looking at the best and legal way to do it. If you are interested in this, email me (bitcoinsachsreports@hushmail. com) and when our business proposal, PPM, and what not is ready we will get it into your hands. To clarify, this is NOT a Zetacoin exchange. I am going to share this, and I realize some might take it as me trying to put someone else down. This is just from my experience over the last few weeks meeting with investment bankers, lawyers, investors, etc. The amount of regulatory paperwork, legalities, filings, compliance, etc. pretty much has me convinced basically none of these exchanges that are popping up are going to be around long. Well, the ones based in the states. You will see a lot based in countries with little or no regulation. Doing this in the United States is a monster undertaking. When you see a site claiming to do fiat, realize that all by itself is 5 months or so worth of paperwork. Seriously. That’s not a joke. Today I laugh at myself for no realizing Zetorg was a hoax from the second they announced it strictly from a money standpoint. It would be so unbelievably unprofitable they’d be out of business the afternoon it launched. If you doubt this, see what it takes to do fiat across every state in the United States. That’s no joke. What happens when all these pop-up tent operations get shut down by the DOJ? Money will be frozen just like it did with online pokersites in 2006. I had no idea what kind of legal quandary this business truly was. Luckily, I have a team of people who love paperwork and doing the impossible. Do your research and you’ll see what I am talking about. There is a reason a lot of people TALK about building or buying exchanges but no one does. They see what is involved and say, “f^ck that. ” and move on to something else.
