Is anyone else starting to become a bit excited?

Graham wrote: »

I guess that's the other element that makes me slightly cautious. There's not much information about $DMST outside of what the promoters have published. The market cap of $DMST is $4.1M or 73 BTC which doesn't really demonstrate an established track record from what I can make out.

None of this should be read as me bashing either DMST or XGG, there's nothing to suggest there's anything wrong but to my mind it would be a long-shot punt at this stage.

Keep in mind that DMScript has yet to establish their position on the market (only about 6 months old). Also, the use of the DMST token has a different utility than XGG, so a comparison between their performance wouldn't be accurate.

Have found more info about both DMScrupt and XGG here:

https://morioh.com/p/cc710f1d39d4

https://esportsinsider.com/2020/09/og-dmscript/

https://oltnews.com/og-partners-with-blockchain-tech-company-dmscript-the-esports-observer-%EF%BD%9C-home-for-essential-esports-business-news-and-information-teo-the-esports-observer

https://cointelegraph.com/news/og-partners-with-blockchain-based-gaming-technology-company



An interview here: https://cryptoguerrillas.com/dmscript-ama-recap/

And after 6pm I'll tell you more about their beta

Graham wrote: »

What are you expecting the impact of todays beta to be ConstantinL? Did you say there were 600 people holding XGG so far, do you think that will change?

Yes, on Wednesday we were only 100 holders, Saturday 500, now 629.
There's 1562 ppl on Telegram channel, 2439 Twitter followers (these can be considered as potential buyers which use a cautious approach as you mentioned earlier)

Have in mind that in only few days from launch it went up almost x6 on Friday, some early buyers secured their profits ahead of the weekend and price retraced a bit, but it gained serious support at around 0.1 euro value, now it looks like it gained momentum and is preparing to make a jump as we approach the beta and marketing time.

Given the low market cap, and the upcoming beta + marketing campaign, I'd say it will be a flood of buyers this week and next week when they launch the official platform.

Two possible scenarios:
- if this proves to be a pump and dump...it will still be able to make at least a x10 up to a x25 jump from current position before a serious retraction. just considering beta, marketing campaign and the official platform launch.
- on the other hand, if it proves to attract many gambling lovers (keep in mind that the pandemic has created the perfect conditions for people to get into crypto), then this will have a big success, others will speak about it, big investors will come in to play (the odds of winning aren't bad at all vs traditional lottery). The impact on price if this is successful will be probably at least 100x (or even more) with a possible 25%-40% retraction after, but with a good maturity price level which will only appreciate over time.

Also consider that if it is successful, and the company buys back tokens, it will not do be doing it to resale the tokens straight away (I think that is a naive perspective), but instead hold the tokens, which will give rise to scarcity, as I mentioned before, rising their price...then the tokens which they will hold will reflect their appreciating value of their company, which is better than holding cash which will depreciate over time (time value of the money concept). I believe a good strategy for them is to hold the tokens and in 2-3 years time a bigger company could buy them, their market value will mainly be valued by their assets (which will be their tokens on their balance sheet), their cash/crypto generating projects (continuous positive NPVs cashflows), and of course they will have created an intangible asset by then, which will be their Brand/Goodwill.

This is only my own reflection on what I think it would be their strategy. That's what I would do if I were them, but of course we don't really know their thoughts or the future, only God knows that.

Which option would you think would bring them more money?
- First, pump and dump option?
or
- Second, long term appreciation perspective?

Keep in mind that they make money either way, doesn't matter if all or no users are using the tokens on the lottery.

Give me your thoughts on this.

Update: Read this here: https://twitter.com/10xdotgg/status/1371431755790614534
They've posted screenshot on telegram confirming the locked liquidity.

Update: Here is a video from the Beta platform (testing). Looks great in my opinion.
https://youtu.be/QC-BM4PMWHM
Just won 36 ETH (test) after recording the video
https://youtu.be/CHk2rQcLLic
And 2x9 more ETH soon after and another 36 eth again, and 36 & 9eth again.
In total 3x36 eth and 3x9eth.... been playing in 44 pools and won 6 times, so that's a good chance, doesn't feel rigged at this stage

Bought this “dip”.

Lex Luthor wrote: »

If you've made some really good gains over the past couple of weeks/months, imo your strategy should be defensive, with minimal concern for aggressive growth

You should always be looking to lock in & protect gains as much as possible

Done that myself by riding ADA from 0.08 in June to 80c and sold early. Felt bad initially but honestly that goes away. Unfortunately my risk tolerance is completely screwed up now and I am playing way too defensive tying it all in stablecoin lending.

Think i'll buy some ETH for the coming weeks, hasn't moved like rest of the coins around it and with Optimism and other roll ups it should do better in the not too distant future.

Orion Protocol looks like a great potential moonshot too if anyones interested in riskier picks.

I bought CHZ at 0.02 and held for months, it went up recently and I sold at ATH 0.31 and set a buy back at 0.26, it kept on going to 0.77. Thats me retired from day trading I'm useless at it lol. I probably lost out on approx €5,000.

Yeah on the balance holding wins out. You might miss the occasional big jump but you also miss missing those huge pushes.

Whats peoples expectation regarding Link. I know it is very difficult to say but what price could it realistically reach? I bought a few recently and I'm thinking of getting rid to free up some money to re invest elsewhere.

facehugger99 wrote: »

About 2-fiddy.

Is that two hundred and fiddy yo-yos? Or two yo yo fiddy?

olestoepoke wrote: »

Whats peoples expectation regarding Link. I know it is very difficult to say but what price could it realistically reach? I bought a few recently and I'm thinking of getting rid to free up some money to re invest elsewhere.

I had lot of hope for it but that was sub €5. Not sure now it seems to be struggling to move beyond where it is now.

It will be just my luck that I'll cash in and it will shoot for 100

https://finance.yahoo.com/news/grayscale-investments-launches-five-investment-130000906.html

Grayscale announces investment into Chainlink and 4 other cryptos

Pump it

Christ, we back to this mad pumping again with no acknowledgement of the reality of the market?

dirk_dangler wrote:

As we have all seen NFT’s have got very big the last month
I wonder who could have predicted it?
Look at the date!
19 June 2020

Certainly not attributed to Chainlink, as anyone could tell from a 30 second google.



Current market as of the last few hours

dirk_dangler wrote: »

Chainlink is well ahead of the posse, standard NFT’s are all the rage right now, read the post and let your imagination think of the possibilities of dynamic NFT”s and the potential use, real time updates to stats on collectable trading cards is just one.

Except, as multiple people have pointed out here, it's the likes of WAX that are infinitely ahead of the curve here.

https://www.globenewswire.com/news-release/2021/02/22/2179668/0/en/Coming-to-Walmart-and-Target-WAX-Digital-Cards-from-Topps.html

Even as an aside, ETH is so popular for NFTs it's currently destabilising the network in terms of Gas prices.

dirk_dangler wrote:

The video game FIFA make a fortune selling collectable packs of new players for your game, we are talking billions of dollars per year, now imagine the next level of these type of cards that will update stats live, your player gets a hat trick in the real world and his stats jump up live in the game .

Except it already exists. Since 2018. On Ethereum.

https://sorare.com/

Jaysus a fair market pump happening at the moment