even FOMO is fair logic when you look at what you already missed out on! I got offered to buy bitcoins at like $70 but the guy was a weird meth head who obviously used them for drugs, and I wanted nothing to do with him or whatever scam internet moneys he was screwing with...

I learned my mistake the first time, and got in on ETH at $7-12

But in any case you don't use logic when investing unless the market is being driven by logic.

FOMO may be solid logic (if you pick a winner) but obviously when moneys involved you want a little more guarantee, at least most do.

Since crypto investors currently aren't very logical with their millions and even billions some of them, I wont be logical when following some projects.

Theres a funny investment strategy some firm uses called the 'Costanza List' and it's basically every stock their logic tells them to not invest in....they have an average of 70% success with the Costanza picks...

(It's from Seinfeld where George Costanza one day is fed up with being a loser so he does everything the opposite of what his gut/mind would normally do, and everything works out perfectly for him!)


Lesson learned, if you have the money you can risk, then maybe allocate at least a small portion (10-20%) to ICOs/Projects that maybe seem too good to be true, or just stupid to you.

What seems stupid to one might be worth millions to another...

Well, it's time somebody says something against all the lies and disinfo, as to inform others with evidence and reason, so they can make an informed decision.
Filtering all those conjectures and opinions is wasted energy and good for nothing. That's why it isn't prevalent on Reddit and Steem as it is here.

Back to your question:
That will be determined by the free market. Right now, it has a huge market cap for a piece of paper and a test platform. It's not a platform, it's a specialty token, because it operates on Ethereum, so therefore I can say with confidence it will never be more than Ethereum.
Time will tell what is being delivered and how it's gonna change day to day interactions.

your thinking in FIAT terms.

in crypto terms BTC is crashing vs market share. ETH is almost at parity or above BTC now in every meaning full metric. The token sales are forcing people to buy eth to partcipate and so turbo charging the whole thing.

Bancor to some extent is right, the 1st killer app of ETH/Crypto is the ICO raise.

Venture capitalists are basically out of a job now.

When eth/crypto goes to 1T~10T, you will be able to raise 500M to 1B from the market on

Bancor intedends to the EFT ish system of the internet/crypto.

That is the current tax code. It's just that up till now they were having a difficult time enforcing that tax code due to the perceived pseudonymity of bitcoin. But now their strategy seems to be to go after businesses like coinbase that have lots of transaction data on users. Anyone who ever did business with a large bitcoin business is at risk here, which is the vast majority of users. They only need to know about a couple of transactions from your wallet and then they can use blockchain analysis to get the rest. This is why this case is very important. Unfortunately I don't think coinbase stands a chance of fighting this. This is bearish but I don't think most of the moonshot traders actually give a shit, especially since we won't see the true effect of this for many months/years when the IRS starts properly investigating this stuff, so price wise I'm not sure it will have much of an impact.

Most people knew that if you bought bitcoin and then later sold them that you must report that to the IRS.

Mainstream adoption is coming, get coins now while you still can
Once the whales move in, whole  coins will be too expensive for the average user  ( $10k+)  and people will deal in Mbits or maybe even satoshis...

Eh, I'll believe it when I see it.  I do think something along these lines is coming, but none of us knows when or to what extent adoption is going to rise.  Having hope and really bullish thoughts doesn't really help anyone, and that sort of thing can be detrimental to your wallet.

People need a real reason to use bitcoin over fiat, and so far I haven't seen really compelling reasons.  That's heresy, I know, but to me bitcoin works much better as an investment tool and store of value than as a currency to be adopted for spending.  But we'll see.

He excluded popular addresses and I presume is not including exchange volume which is internal to that system, its not recorded on the blockchain till it exits the exchange to another address.  

The same coins being exchanged on the blockchain by different users is monetary velocity which is very high for bitcoin I believe and it adds value to the market cap of the whole system.   Each transaction has a purpose, we cant assume everyone is pretending to have a purpose to their use of bitcoin.
   If bitcoin is reliably conveying value across the globe and for really low cost, no foreign exchange fees is really useful.   This is a product with an easy to see utility to it, it literally saves me money to use bitcoin and its amazing if I can find another user to exchange value with.   Neither of us needs to be paying bank fees.   Everytime that happens its reducing costs, improving value for bitcoin I think.  Isnt that just normal considered use for anyone in the world, nothing complicated to argue about.

Last time I used a bank to pay somebody 3,000 miles away they ended costing me 7% fees, incredible they can do this but it was my mistake to bother using them.  It was a USA company and I was sending dollars but apparently they didnt like it or it should have been cheaper


Depends where you live but bitcoin can be more stable then the available national currency.   Nobody would refuse the dirty worthless bitcoin either, if its free its good.   The USD has inflation higher then its national base rate of interest, this rate cannot be raised in line with inflation as it is linked to 20 trillion of debt.   Much of this debt is short term, the government cannot pay its budget outgoings without issuing more debt, increasing the ceiling to its debt in order to pay the debt.    
I also think this is straight forward, its unlikely either political party will return the fiscal budget to surplus, will run a trade surplus, will repay the debt or will be able to raise interest rates above inflation.   USD mostly relies on foreign use and holders of its currency in order to continue a stable course, its unknown how that will result but I think the currency will be weak not self determined.
If you earn and hold a weak currency, hedging your bets with another less impaired asset is quite a sensible gamble.   Most buy a house but a small amount of bitcoin for cash isnt unwise if its usable and practical and it is