@korvas. im not doing a usd prediction for a few reasons and feel free to counter them with reasons.
the reason i won’t do it is because
- ion ico was listed in satoshi. this indicated they used a base pair of btc for their funding goals. if they weren’t btc focused for money raising then they would of taken a usd value.
- if btc rises and ion remains steady its unfair. people would likely say ion only rose in value due to a btc value increase. this is likewise im sure you’ll agree if btc plummets affects ion value negatively too.
- the halving for btc comes next year around may. this is in prediction timeframe. hash power in btc and mines is immense and if btc remains dominant this means with costs remaining constant (for mining) and coin reward halving then price must approx double or at least rise to production cost. a rise in btc usd value does not mean ion has been more successful.
- ion other than ionomy from my knowledge doesnt have a direct usd on ramp. even with the ionomy market usd pair its not a major contributor to ion purchases. this is the same for all alts.
If btc is the gateway to alts then you have to use its base pair of satoshi as the gauge. if you use usd one could argue instead of holding ion you could retain btc amount at ico and compare ion value now against it.
ion should stand on its own personal measurements in the markets. those pairs are ion/btc not ion/usd.
suchmoon and i have put our 100 sat prediction in. i won’t be providing a usd prediction for reasons above. you may put one if you wish. Are you and wildshark willing to commit on it for a prediction? there is no bet so what is there to lose if you both believe in the project?
no satoshi is not volatile. btc usd is. if btc goes up then if ion stays at a set satoshi its usd goes up without ion appreciating. ion or any coins value increase is measured against its value against bitcoin which is satoshi. pick a satoshi amount and timeframe.
I'd still dispute that when dealing with the price of ION the bar has always been set in DOLLARS. I would say the V3 platform markets do no display the USD price making it very hard to know the
current price you are TRADING at. I constantly cut/paste the satoshi amount in in BTC/USD converter:
http://preev.com/Your method of valuing your coin is limited to your
holding satoshi with no reference to dollar I guess you have to say that you have no value until you change the coin to FIAT
you are full of it wildshark as usual. my onramp to btc wasnt usd but aud (im australian surprise). btc has massive volumes per day so my holdings could liquidate at a constant price over multiple days. the orderbooks can sustain this. lets try and be honest. since you want usd lets say i had hypothetically $10 million usd in bitcoin.... how long would it take to sell and over how long to do it without affecting the market? now if i had $10 million in usd how long not to affect the ion market? let me help you. on bittrex ion does like 0.1btc at most in 24 hours... yes there is spikes and lows... ok so btc at 10k usd means 1000 days or like 3 years... assuming ions still around and there are buyers. btc can do that in a day
3 max.
also backup your ion was always measured in usd crap. what was the ico purchase price set as? i remember satoshi of 40,000 approx. what do all exchanges except ionomy have base pairs as? what are the majority of trades done as? btc i believe. so how can you backup your claim its always been usd denominated? im affraid you choose usd because its value in satoshi change is far worse. backup your claims or retract them.
im assuming you convert ion directly to usd and not btc? if thats the case you have fuck all holdings based on usd volume pairs or are a liar and convert majority to btc first which negates your argument.