With all these bloody Monday's and clearly not enough Bloody Mary's to go around, I feel a lot of us are feeling the bear squeeze right about now. So much so, that my initial investment in Tezos is holding out like an emerald beacon of hope. At the time I felt fear, because as any investment or ICO is concerned, that high risk factor is there.
Yes, there is that hope of a multiplier effect on your money, but in an ICO structured such as Tezos, that is not to be the case. With almost 14 days coming to a close, and over 200 million dollars raised, Tezos has hit market saturation to the point of near equilibrium.
What does this mean?
Well, it means pretty much the ICO has bottomed out and the price reflected on the exchanges within the next 4-6 months, should be relative to the appreciation/depreciation of the crypto market as a whole.
So lets say, BTC is trading 5k USD by the time Tezos is launched in December.
(I'm hoping it'll be launched before Christmas. That would be the best present)
That should in theory double the asking price, from $0.40 cents a Tezzi to $0.80 cents.
The BTC gains would/should be reflected in our bottom line.
Let's say, that for some odd reason, all the naysayers are sad and upset they missed out on Tezos,
and during the launch, demand is circumstantially great. FOMO (fear of missing out) has run amok.
Then naturally you would get a hefty bonus multiplier warranted by demand.
This is a 100% proof of stake coin. No proof of work, so essentially, your coins will be doubling down as miners.
POS system prevents excessive waste and unnecessary consumption of energy.
Being more green and environmentally friendly. There is also a significant offset in carbon footprint emissions.
In the hypothetical event that 100% of the coin holders were to stake the coin, rewards would be 5% annual to the rate of inflation.
In the event that half the population stakes, rewards will be excess of 10%
There is a lot of opportunity in Tezos.
A lot of promise.
I hope the Breitmans are able to leverage all this capital raised to create a beautiful common wealth for the masses.
Burn after reading or follow.