RE: Bitcoin (BTC) Morning Update: It All Jives!
Yeah, IDK about price vs. # in circulation. I do know this:
BitShares, Steem, and EOS are about $16 or $17 Billions of the total CMC, added together - which is... about 4% of the overall market. But, those 3 tokens account for 10% of the CMC total daily volume.
Compare that to BitCoin and Ether combined: they account for 53% of the total CMC, but they only account for 38% of the overall volume.
Basically, BTC and ETH are running at about 71% aggregate efficiency, but Dan Larimer's combined projects are running at 179% aggregate efficiency. This level of aggregate efficiency means that EOS is going to have free, or nearly free transaction costs for everyone using it. It also means that EOS is going to be much more useful in terms of keeping costs down for collaborating business partners. Not to mention 3 second block times for settling transactions.
So, if you are running a software/Dapps business and you're going to choose a business model to work with... do you go with slow, high-costing transactions - or do you go with quick, free transactions???
Forget about the TA and the charts. Think about mass adoption by individual people and businesses. Everyone is looking for what works well. They will not switch over to a new form of currency (blockchain) for making everyday purchases unless it is fast and simple for them to do so. EOS will make crypto-adoption fast and simple for everyday, widespread use.
Even with almost 1 Billion tokens, counting up all of the assets out there which are ready to become tokenized on a blockchain, yes - I can see EOS going over $100 in 5 years. So, we're looking at, 100% profit, every year, for 5 years.
What everyone in crypto needs to understand going forwards is this: now that more and more coins and people are coming into the markets, we are not going to see these coins making 20,000% Return On Investment. Everyone thinks they can get rich like the initial BitCoin investors who started out 5 - 9 years ago. That's not possible to sustain. Still, the average person out there will never have another opportunity to multiply their investment by 500%. Cryptos are still a once-in-a-lifetime opportunity, but people need to adjust their expectations to something closer to reality. "Visionaries" who got in a few years ago can realize 10,000%'s + of profits. Early adopters, people investing right now, can realize 1,000%'s of profits - if they do things right. The next "phase" of investors, people coming in a year or two from today - they will be able to get profits around 100%'s of profits per year, if they do everything right. The insanely massive profits are quickly attracting professional money gatherers and they are going to scoop up all of these profits so fast it will make your head spin. Our window of opportunity is very short to stack up on these tokens while they are still low-priced. Mass adoption will occur in the next couple or 4 years - and those people will be back to making more "everyday" or common returns on their investments. But, the overall, global monetary system should even out and return everyone to a more "normal" economic life over about a decade.
Obviously, I'm making a lot of generalizations and assumptions here - for the sake of telling a story about great wealth: very few people achieve insane wealth, many people can achieve "upper class" level of wealth, but the majority of people never will - because they do not understand what "money" is, and they do not have the self-discipline & respect for wealth that it demands. Wealth is an accumulation of the very best social virtues, and it can only be had by those who understand it and are prepared to wield it like the weapon and the tool that it is. The proper use of tools can build great societies - or they can be used to destroy, loot, and dominate others. Great wealth is "guarded" and fought over by those two groups of interests: those who would create liberty vs. those who would enslave the world. Crytpocurrency is the next battleground between these groups.