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bones
1d
As others have noted we ( crypto ) often drop late / early in the year.
Imo anytime before spring when new money tends to pile in.
While we could drop in a correction.
I think we could have had out dip when we hit low 30s / high 29s cent us prices.
We may not see another big dip till after another influx.
Only time will tell.
People are gonna get burnt though.
Ive been telling ppl about maid for years but yet some have bought ripple. Not one ive ever liked.
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Michael_Hills
23h
? jeremyjpj0916:
Also if you look at the crypto market traditionally from Dec to Jan the last 4ish years you will see a pump in DEC and a decline in Jan
I think we’ve reached a new plateau. People say that crypto has become mainstream. And this might be true to some degree. But I think there is still a long way to go, and a lot more money to come, and a lot more people showing up.
I think the upward trend will last a while longer. It’s not quite time for disillusionment in any particular coin, at least not yet.
This is a young, exciting, wild market, full of dreamers wanting to cash out at BTC prices.
It will take some time for the great fall to begin. I do see another big surge coming, if the over inflated stock market has a tumble.
People will see crypto as a safe-haven for their dollars.
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Future
23h
Which price do you expect on Safecoin’s launch?
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Aquaphobia
23h
Hard to say, but probably around 30 euros. Maybe a bit more. Of course it would be a dream if he stood at 100 euros on the day of launch.
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majumba
19h
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jeremyjpj0916
18h
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I am gonna have to respectfully disagree here. I don’t classify rising speculation/price as adaption. The day I can go to a chain grocery store and pay with crypto currency without using some new trendy 3rd party company handling the crypto<-> fiat conversion then I will say we are mainstream ? . I always liked this pic below to sum it up best when we will know if its mainstream yet or not haha. I am also skeptical about crypto being the safe-haven, I personally think if stock market crashes people will take their gains in crypto out as well thus hurting the market out of pure fear. I do believe crypto would fair better though in a recession and bounce back nicely.
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Hagyomanyos
16h
Here’s a question: Are there any factors, primarily stemming from Safecoin’s future use in the Safe Network economy, that could potentially hinder it from reaching values in the hundreds or thousands of dollars? For example, the possibility that it may not be divisible?
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tobbetj
15h
As i understand from alot of topic discussions, it will be divisble. I think that the value of all data and transactions that will be stored and take place on the network will give it great value. I think of similarities to google. that their data is very valuable and so will all the secure data stored on the safe network also be valuable. Data is recognised as an asset class by world economic forum.
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Sotros25
14h
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? Future:
Which price do you expect on Safecoin’s launch?
Here’s one potential way of thinking about it with quick, back-of-the-envelope math. Let’s say the year is 2025 and 163 zettabytes of data are created that year. Assume that 1 billion Safecoin are in existence and that the SAFEnetwork has captured 5% of data storage market share. In such a scenario, one Safecoin could hypothetically buy 8.15 TB. Today you can get a TB of storage for ~$50. Even though I expect that by 2025 you’ll be able to get a TB of storage for far less, I’m going to hold the price constant for the security and reliability the SAFEnetwork provides. As @Hagyomanyos noted,
? tobbetj:
data is very valuable and so will all the secure data stored on the safe network also be valuable.
According to the assumptions above, the value of one Safecoin would be something like ~$400.
Now, if there are only 800M Safecoin in existence, then the price per coin would be ~$500. Similarly, if the SAFEnetwork has captured 10% of newly created storage, then the price would be ~$800 with 1B Safecoin in existence, or ~$1000 with 800M Safecoin in existence.
Perhaps the price of Safecoin at launch will reflect the potential value as it grows towards steady state with respectable market share capture. Also, I think the amount of data each Safecoin would/could need to store underscores just how important divisibility is unless Safecoins are burned and farmed at a blistering rate.
In general, I think these price estimates are supremely conservative because they don’t take into account all the other uses for Safecoin beyond data storage. Moreover, I should hope that circulation of 1B Safecoin would reflect a world in which the SAFEnetwork has captured at least 25% of the data storage market. Then we’d be talking a price ~$2000 per coin. ?
