For RSR to reach $1 it would need:
~$99bn Diluted Market Cap
~$6.75bn Circulating Market Cap
That's more than all but the top four coins by a wide margin, and all but BTC if we're taking diluted mcap into effect.
Why would this ever hit such a high mcap?
>muh token burn
>muh bull market
>muh {doomer/hyperinflation fantasy nonsense}
Do people on this board actually believe this shit? How high can this thing realistically peak?
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I could tell you but would you understand? On a scale of 1-10 how much have you researched it?
even at $0.1 you're making 15x
Yeah this isn't a FUD post. I think $0.1 is possible from hype alone whenever this thing gets a Coinbase listing. Idk about short term but long term this thing is obviously bullish.
I dunno probably a 6 or 7? Enough to think this and LINK are two of the best long term bets in Crypto (RSR higher risk / reward obviously).
>Do people on this board actually believe this shit?
Yes. :)
hyperinflation fantasy? you understand reserve is going to hyperinflation countries as we speak right user? it's not a fantasy. it's a reality.
people who calculate marketcaps always seem to forget what happens during bullrun, check historical top 100 market caps during dec 2017/jan 2018
also dont forget that not 100% of circulating supply will not be actually circulating i.e. on exchanges ready to sell
the only chance rsr doesnt go to $1 in a bullrun is if VCs dump their bags early (if they actually dump at all)
You pajeets have all been big bull cucked
Ohhhh the fud has returned. Fucking buy buy buy.
Price is dumping already , -20% today
Probably another 20% by tonight. Its loss top 100 spot. Imagine buying at the top. Lol
I'm up 37% since last WEEK. Long time holder here. Good riddance of the people who jumped in during this pump and are now fudding and complaining
there's no reason for these billionaires to dump. this isn't some chink shitcoin my dude. there's a reason that they were given so many tokens in the first place. the whole point of reserve is that they are focused on adoption of rsv before anything happens with mainnet. this guarnatees that VCs will have more than enough reason to continue to hold and arb.
CAN they dump? yes they CAN but all of the incentives are set so that they will not want to.
CAN the project fail miserably? yes it CAN fail but if adoption is gained in multiple countries it's going to take them royally fucking up to make the project fail.
this is the most asymmetrical bet you will make in your entire life anons. cap this and post it in 5 years when we're all swimming in pussy and lambos.
its the biggest thing since Bitcorns.
dyor - you had a fucking year to research this.
not spoonfeeding a slow lazy asshole like u, not on a Saturday.
BASEDYYYYYYYYYYYY
This all makes sense and I get the value of the project, but does KAVA not already have a head start on Reserve team?
>CAN the project fail miserably? yes it CAN fail but if adoption is gained in multiple countries it's going to take them royally fucking up to make the project fail.
this part concerns me. it's in theory a good usecase but in reality people in argentina etc use DAI to the extent they use stablecoins at all. and it seems like the reserve team is better on basically winning via better marketing, better app, better market connections, etc... which i dunno, i hold RSR so i hope it happens but there's a substantial risk that it doesn't. I think we can make money off hype either way (new exchange listings, etc) but this is still untested.
>in reality people in argentina etc use DAI
Show me one person who's ever used DAI to buy anything. I have yet to actually see this, all I've ever seen is hype from ETH faggots.
People on Zig Forums will scramble for ANY other stablecoin to justify not buying Reserve. I've seen people stick up for Tether, for Libra, for fucking DAI even after its failure last March. Anything to try and fud Reserve.
Strangest thing.
>Show me one person who's ever used DAI to buy anything
no one uses it to buy anything. a very small number of people use it to save or transfer money. the assumption that people would use DAI or Reserve or whatever for everyday purchases is not really what people are expecting in the short term.
the idea is that for any one of these currencies to take hold it would need to be a superior form of salary value retention for middle class people who choose to store their savings in USD to keep their funds from devaluing. read about that here for example. aljazeera.com
the problem is in argentina specifically you have vacillations between neoliberal and social democratic leadership meaning whiplash shifts w/r/t federal restrictions on forex.
so there is a real usecase here but to the extent that i'm "FUDding" it's basically that there is a bunch of competition in this area and it seems like the strongest speculative value prop for reserve is the investors / team / marketing enabling them to "win" in a crowded emerging market.
anyway the point of this thread was that short of that happening AND a monumental crypto bubble greater than dec 2017 i don't see this thing hitting $1. but i could be wrong i guess.
It has the potential to be the (unofficial) currency of multiple failed countries.
1$ is fud
56 dollars, end of decade
>it seems like the strongest speculative value prop for reserve is the investors / team / marketing
So you think the tech side of it is worse than DAI.
Explain how. Especially after DAI's embarrassing failure in March.
>So you think the tech side of it is worse than DAI.
no, the tech side is blatantly better. conceptually it's a really cool idea. similar to libra but without every major world government immediately stepping in and saying "yeah we're banning this fuck off." better chance of governance actually becoming decentralized as well (which would in turn enrich LINK holders if it took off).
the best tech doesn't always win though. it's really not that hard to imagine a coin that collateralised itself against USD or gold in a simple way and was reliable seeming "enough" gaining traction through good marketing and hurting RSV's adoption.
First you say that marketing is Reserve's greatest edge, then you say shit's marketing could beat it, just because.
In the OP, you call "muh token burn" bullshit. Then you say the tech is "conceptually a really cool idea"
What are you even getting at here?
I feel sorry for all the low IQ idiots who actually bought into this
imagine falling for a blatant scam
some other shit's marketing*
yeah, can’t believe i fell for it
>In the OP, you call "muh token burn" bullshit
i guess i should have phrased it as "muh token burn will occur rapidly enough to result in some crazy ass psychological number valuation pulled out of thin air."
>First you say that marketing is Reserve's greatest edge, then you say shit's marketing could beat it, just because.
it's not "just because" though. matrix and signal are more technologically compelling protocols than simple device-level e2e as implemented by whatsapp. whatsapp has more users by a wide margin due to early mover advantage, better app, more effective advertising, better internationalization etc. MAYBE reserve will have all three, but we don't know.
again, i feel like everyone is adopting this needlessly adversarial tone with me as though i'm just FUDding, which i'm not really. what i'm saying is that RSV doesn't seem like a 100% sureshot market dominator here. i guess one thing you could say in its favor is it only needs to capture at least one national market, e.g. argentinians stick with DAI but venezeulans pick RSV or something like that.
This is xrp dump all over again
>20MM
if you know you know.
If your gonna keep posting these same two chat messages in every RSR thread, at least cut out the last paragraph here might makes Nevin the Wizard come off worse. Even doing that though this is still the weakest shit you could possibly do just Photoshop a better message of him saying we should pay reparations or something like that.