thats correct, i think there is alot of lost confidence in the market, usually when this happens the coins dead, i mean all the coin is now is what? i social media coin? should be worth 1mill market cap if that, social media coin holds no value...
1 mil?? No, no, no... You got it all wrong. All of crypto is speculation. Synereo would be HIGHLY undervalued at 30 mil market cap (1mil, what? lmfao). Why? Because it's a bet, and we have enough information to see how high synereo's cap can go if they simply release a beta. Synereo can EASLY get to 200-400m range on beta hype just like steem did. So it would only be a double or nothing bet if the marketcap was currently around 100m and you only believed the chances of them releasing *A* beta (just a beta, not the most successful beta release or anything lol...) are only 50%.
So you think it's not highly highly highlyyyyyy fucking undervalued at it's current 3mil marketcap (1/10th of dogecoin's marketcap ffs)? People like you are the reason people like me find it so easy to make money - because you don't know how to properly value a bet.
I think there's at least a 70% chance they'll release a beta and on the wings of that hype the cap will reach at LEAST 100m. So at the current 3m cap, I believe there to be a 70% chance I'll make at least 30x return.
there is no need for it to be a coin, it can just be a platform. sad really
You're joking right? Why are you even invested in Synereo if you're ignorant of the advantages of a decentralized social platform?..
A coin is needed for:
1) Attention economy - So most of the value of the network goes to the users rather than Mark Zuckerberg's bank account
2) Decentralized network - So the network itself will eventually run on the chain making it censor proof and resistant to certain political views being unfairly promoted by the makers of the network
These are literally the 2 main reasons to invest in Synereo, and it seems you never even knew since you don't understand why a coin is needed.
I'm a futurist. The future will be highly automated and much of our mindless repetitive jobs will be taken over by machines. Once the coming age of abundance (as Michio Kaku calls it) arrives, many of the mindless repetitive jobs will be replaced by creative jobs as the careers people choose will move away from what machines can do and into a niche of what machines can not (in the foreseeable future) do. We're already witnessing the rise of a social attention economy with the explosion of youtubers and bloggers who have made content creation into a career. I can't overstate how huge the social attention economy will be in the future - whether synereo is among the first to capitalize on it or not.
The need for a decentralized social platform is also huge (look at the facebook, twitter, and youtube controversies that have happened JUST in the past year) and that can't feasibly be done without a blockchain which needs a coin.
Synereo can be madly successful because it's coming at the perfect time. Millions of people upset with facebook for filtering certain political views, Twitter for banning people like Milo Yiannopoulos, and youtube for taking down videos on false DMCA charges - all these millions of users are currently SCREAMING for a non-centralized non-controlled solution. I mean hell, if Milo told his hoard of fans "I'm on Synereo now because they don't unfairly ban you for political views like Twitter does", Synereo would instantly have 10's of thousands of users pouring in over night.
Synereo is currently in the lead for an alternative to facebook or twitter in what could easily be a trillion dollar market over the next 5-10 years (Facebook currently sitting around 350 billion alone).
So how can anyone possible think the current marketcap is anything but extremely undervalued?
I can't help but visualize a bunch of chimps throwing a priceless diamond at each other as if it's feeces. This is the stupidity the market is currently displaying.
