NULL

[Jeantheboy]

0.0026
Where some expected 0.005...

Weak hands are pulling the trigger today?

This will inevitably occur in the future as the MCO market is at the center of large trading floors and the market will be pumped from investors and whales, so the price tag of  0.005 BTC is sure to happen.

I agree with you on this point. But future is a broad term. It could be 2 days or 2 years...

Agreed as well.
And actually it is 7 days: What matters now it the timeline for the product release. (we could even see a spike at 0.007 during the 1st move up.)

TenX is already up and running on Android,  Centra, the outsider (some people call it a scam) has big plans: it's a lot of competition for MCO.
MCO has an advantage bc it should target the Southeast Asia market, where Centra is US+Europe and TenX a bit everywhere.
I did not say China... I believe Chinese do not know about MCO (they pay with WeChat anyway..), which could explain the dip yesterday on Binance: It's up to MCO to promote their tech in mainland China if they want to have traction there.

Little piece of advice for some here: you may have read a ton of BS about MCO reaching 1BTC etc... Do your own research, and make your own calculations.

Interesting points. Did you sell your MCO today? Can you tell us?

Nope. HODL so far.
I had already reinforced at 0.0027 long time ago, playing a dip. (again I announced it on the forum, I even missed a train forecasting a dip and the coin raised... to dip 2 days later only.)

If you read some of my posts above, you will see that, my personal forecast for MCO/BTC is :
  
  - very long tern: no clue. It can be a multi-billion business, or nothing...

  -  long term: 0.003 to 0.005 (20M tokens and a BTC north of $6k)
--> simple maths where MCO is around $500 to $700M market cap.

  - mid term: 0.005 maybe 0.007 (again depending on the price of BTC), maybe a spike at 0.01 BTC per MCO on the hype-ramp after product release.
--> Binance listing is a good point here, it will increase liquidity and help the coin move up faster.

  - short term: oscillating between 0.0027 and 0.0032
--> I did a couple good trades within this range, but as we move closer to the product release the more dangerous it becomes, and standard trading indicators do not mean a thing anymore.



I may be completely wrong of course, but so far such analyses went pretty good on other coins.
Happy to discuss and disagree :-)

 
My goal is to generate BTC with MCO, not USD. Therefore my trades only goal is to increase the total amount of BTC in my wallet: I only invest in coins I believe will raise faster than BTC (not a lot of them...)
--> BTC price raise is the party pooper here, but hopefully some high quality people here will buy my MCO sell-order at 0.095 MCO/BTC. ;-)

Quite nice having some interesting reflections on the future of MCOBTC.
Based on my expectation and the high unimagined potential of the product offered by Monaco, I would push myself further.
I would in fact say that 0.01 BTC is not an outrageous prediction for MCO as a stabilization price in the long run because most people in the crypto space and beyond would definitely need such card. The abandonment of traditional bank card services is something many people aspire to.
This is why "multi-billion business or nothing" is a valid observation imo.
I do believe in this project so much. I really see a stupendous future of utilizing Monaco-like cards, above all in a situation in which the banking system is more and more government-directed and conniving with extensive shady political structures. The payment industry can really be revolutionized by the introduction of such card. Governments would be required to keep pace with this by monitoring transactions in a heavy and systematic fashion. However, the technobureaucratic cost of doing so would be enormous.
I do want to see what will happen. Really. Fiscally oriented transaction monitoring is the future of governments. Though compliance is always something that every financial services business conforms to, there is nevertheless a tremendously increasing cost such that governments will be increasingly challenged and prone to stumble and blunder blatantly. People will have to notice and appreciate the beauty of a technological advancement in the payment and transaction industry. They will have to embrace this somehow. Perhaps slowly and with noticeable uncertainty. But in the end those who really care about forsaking the conventional bank card services will stand in awe in front of such beauty.
The price must be a necessary consequence of this beauty. I believe so. Monaco started something, very silently. Omise Go is doing something that may be taken to be similar, but it's categorically different. We all need cards to pay. They are easy, comfortable, slimline. They are what we need.
This is why in my opinion MCOBTC may stabilize in the long run around even 0.008-0.01, with possible (numerous) spikes at even 0.02 BTC. The spikes being dictated by the urgent need for a vast minority to see a change.
Since at times I have a need for profit, I sold all my exchange-bought MCOs, while my ICO MCOs remained untouched. After selling I realized that it was not good, and that there cannot be any short term with MCO. You have to buy and hold. I needed thousands of them. Now I understand that I was right. Monaco is an excellent investment because it may start a disruption and promote it throughout.

[1714804314]

1714804314

[dishku]

price dipped, that was expected after binance listed them. I think it listed 4 altcoins in the same week, all of them dipped after they were listed. I wonder why

Coincidence, nothing more.

I don't think it was coincidence because there was lot of hype. It is actually party spoiling tactic or attempt to disappoint the weak hands to sell cheaper after not seeing any affect. Once they are gone we will see some unexpected rise in these markets within days or hours depend on the situation.

[stupid_seb]

I see we have slightly different opinions, and I am glad we share them.
I hope MCO may raise 0.2, but I admit I will certainly exit sooner, at least a substantial part of my portfolio.

Thanks for the constructive remarks guys, it really helps the thread.

[MalReynolds]

I hope MCO may raise 0.2, but I admit I will certainly exit sooner, at least a substantial part of my portfolio.

Just to put things in perspective, MCO at 0.2 BTC each would give the coin approximately a 25 Billion dollar market cap, a few billion below where Ethereum is now.  I hope for this too.  And yeah, I'd probably liquidate my portfolio at a mere 10 Billion dollar market cap, too. 

[commenter]

I hope MCO may raise 0.2, but I admit I will certainly exit sooner, at least a substantial part of my portfolio.

Just to put things in perspective, MCO at 0.2 BTC each would give the coin approximately a 25 Billion dollar market cap, a few billion below where Ethereum is now.  I hope for this too.  And yeah, I'd probably liquidate my portfolio at a mere 10 Billion dollar market cap, too.

The two hundred to five hundred market cap puts it at $25 to $50 easily achievable anywhere from two weeks up to a month; However, I feel the longer term the price would reflect Monero and Litecoin so the market cap would put it between $125.0 to $245. I'll give my explanations later on why and how it will get there. I don't have much time to write right now. I don't feel there would be a need to liquidate because generally once coins reach a high market cap they stay there. I feel it's a good buy here.

The buzz concerning the app would definitetly help. Also, It should be added to poliniex.

But I don't know the next few hours don't look so good at the moment maybe even days 😓No one can say. It looks so undervalued to me.


We keep thinking high, any thoughts on the bottom.

[stupid_seb]

I hope MCO may raise 0.2, but I admit I will certainly exit sooner, at least a substantial part of my portfolio.

Just to put things in perspective, MCO at 0.2 BTC each would give the coin approximately a 25 Billion dollar market cap, a few billion below where Ethereum is now.  I hope for this too.  And yeah, I'd probably liquidate my portfolio at a mere 10 Billion dollar market cap, too.

Exact, assuming 30M coins minted (imho 20M is a better hypothesis, following the whitepaper notes).
Like you, I'll liquidate before, waaaaaaaaay before.

[commenter]

I hope MCO may raise 0.2, but I admit I will certainly exit sooner, at least a substantial part of my portfolio.

Just to put things in perspective, MCO at 0.2 BTC each would give the coin approximately a 25 Billion dollar market cap, a few billion below where Ethereum is now.  I hope for this too.  And yeah, I'd probably liquidate my portfolio at a mere 10 Billion dollar market cap, too.

Exact, assuming 30M coins minted (imho 20M is a better hypothesis, following the whitepaper notes).
Like you, I'll liquidate before, waaaaaaaaay before.

Anyway...one of my favorite users here on the forum forecasted 1BTC per MCO (because he saw the initialization spike on bittrex...), therefore I still have hope that someone will buy my MCO for 0.2 BTC ;-)

Lol, you're so bad. 😂

[stupid_seb]

I hope MCO may raise 0.2, but I admit I will certainly exit sooner, at least a substantial part of my portfolio.

Just to put things in perspective, MCO at 0.2 BTC each would give the coin approximately a 25 Billion dollar market cap, a few billion below where Ethereum is now.  I hope for this too.  And yeah, I'd probably liquidate my portfolio at a mere 10 Billion dollar market cap, too.

Exact, assuming 30M coins minted (imho 20M is a better hypothesis, following the whitepaper notes).
Like you, I'll liquidate before, waaaaaaaaay before.

Anyway...one of my favorite users here on the forum forecasted 1BTC per MCO (because he saw the initialization spike on bittrex...), therefore I still have hope that someone will buy my MCO for 0.2 BTC ;-)

Lol, you're so bad. 😂

Realistic. Some people have to lose money for others to win. It's a game of transferring value...

[mellorbo666]

i dont know why people are panicking . i dont see any dumps just a price correction, imo i think it will settle down then see top 3s again.  safe to say i have invested in coins in the past that have been a hell of a lot more unstable than mco.
im just gonna hold and see what happens.

after all diddnt people say bitcoin cash was gonna fail and be worth like 0.002? whats it at now 0.16
i think there is a lot of FUD at play here.

[stupid_seb]

Massive sell off right now in the .00245 range.

I sold some TenX PAY to reinforce my MCO at this price (I missed one cheap entry at .00235 bc I was peeing :p)
I put a sell order at .0033 aiming a coin recovery before the product release...

Wish me good luck. Answer tomorrow. Worst case scenario = I am stuck with a crap-ton of MCO and will have to be patient...

[stupid_seb]

Let me laugh...

https://www.reddit.com/r/MonacoCard/comments/6vm4jq/in_case_you_are_wondering_why_it_isnt_on_binance/?st=J6PTCVMW&sh=bfc19d49

MCO-BTC soon on Binance, and MCO-ETH was down most of the day.
I guess we are in for a second round :-)

[rajravind]

Goodluck to you all then !

[Jeantheboy]

I see we have slightly different opinions, and I am glad we share them.
I hope MCO may raise 0.2, but I admit I will certainly exit sooner, at least a substantial part of my portfolio.

Thanks for the constructive remarks guys, it really helps the thread.

Imo MCOBTC 0.2 is quite improbable. It's fantastically far-off. I would really like but I don't think it will happen. 0.02 spikes as I pointed out might be frequently possible. Fast spikes. What I may see is a stabilization at some point in time at 0.01 when the service is making headlines. We should study the price stabilization so we can better know when we should liquidate part of our holdings. In order to do that it's crucial to see the goings of the fundamentals besides the technicals.

[CLOCk_counter]

Massive sell off right now in the .00245 range.

I sold some TenX PAY to reinforce my MCO at this price (I missed one cheap entry at .00235 bc I was peeing :p)
I put a sell order at .0033 aiming a coin recovery before the product release...

Wish me good luck. Answer tomorrow. Worst case scenario = I am stuck with a crap-ton of MCO and will have to be patient...

I also bought it at 0.00244 and also missed 0.00235 although I wasn't peeing but staring at the phone screen hoping the price to go down to 0.0022  

[warwar]

Hopefully the team will pay those bounty hunters that has not been paid

[rajravind]

Don't worry, guys
The price will slip some more maybe to 0.0015 ~ 0.0018 range for next few days.
Perhaps u can set a buy order then.

[CLOCk_counter]

Don't worry, guys
The price will slip some more maybe to 0.0015 ~ 0.0018 range for next few days.
Perhaps u can set a buy order then.

Do you have any idea when their app and card will launch?

I think they don't have a proper timeline. Otherwise they would have announced it through twitter or website.

[aisyah08]

Hopefully the team will pay those bounty hunters that has not been paid

True, they will pay all bounty participants, and they've talked about it on the telegram, but whether that's when, the MCO team will give it ...

[honolulumark]

Three weeks ago people were calling $3-$4 a dream price, and now they're just hoping it drops under $10 so they can buy in, ain't cryptoworld the best?

[Riok]

Don't worry, guys
The price will slip some more maybe to 0.0015 ~ 0.0018 range for next few days.
Perhaps u can set a buy order then.

Do you have any idea when their app and card will launch?

I think they don't have a proper timeline. Otherwise they would have announced it through twitter or website.

31 August. It's on their whitepaper, on the official site
Few days before, Monaco will land on the moon


P.s.
Interesting post about Monaco:
https://steemit.com/news/@panda12/will-monaco-mco-experience-huge-growth-during-september