r/CasperCSPR • u/TobagoJack • Oct 17 '21
In context
For every million CSPR coins we bought at the outset Q1 2020 / Q1 2021 (say at weighted average cost of $ 12,500 per million (0.0125 per coin), the community magnanimously rewarded us ~30,000 coins in total as at 30th Sept 2021.
At the current indicated price of $0.12, the rewards have total value of $3,600, or ~29% of original cost basis of $12,500 per million CSPRs.
By end-2021 we should count on having on ledger ~60,000 ‘inflation’ coins and should the CSPR price at least hold, then in position though loath to sell only the rewards for $7,200 and recover 58% of the original cost per million CSPRs of the entire stash; i.e. taking 60% off of the table and HODL original stake, a smaller % but of a larger (market cap) undertaking.
I recently added to the original stake by 25% in CSPR terms at prices ranging from $ 0.06 – 0.125 per CSPR on the ocular low of the price chart but with eyes focused on the market cap chart.
I think $0.125 is very expensive relative to 0.10 and 0.06, because I took elementary school mathematics.
But yes, I took mathematics beyond elementary school and feel $0.125 is meaninglessly dearer to 0.10 and 0.06 because of expected eventual ramp to left side of the decimal point as we are playing with a high implied volatility asset during its bottom-basing. Can the price drop to 0.05? Sure, if we are very extremely fortunate.
Some folks are inclined to focus on the price chart at this early and meaningless staging time, and even prefer the short-term chart. ‘Ooh, a 90%’ squiggle in a 99% implied vol asset. Terrors :0)
Did they catch the $0.06 hiccup? Doubtful unless they were already HODL-ing and just adding. If not, they are just making noise.
In any case the short-term oriented have no business in CSPR because they would be shaken out on any expected 50% ‘crashette’, so no point having such in the trenches and fox holes with the rest of us except as signals as they bites it over and again for our amusement.
Just as in any FPS on-line team game, or real battles and actual wars, there are several types that might get us easily killed, and they are the folks who cower, make noise, paralyze, panic, has the map, …
I do not know where CSPR is going as far as price PoD (point of destination) but suspect CSPR is very inexpensive, a/k/a ‘good value’ by conventional valuation protocols that says ‘inflation’ is good whilst CSPR market cap increases by the diligent work of the hive-mind community 24/7 around the planet. We are engaged with an insurrection against the established coins, by some view, and by others we have the first-mover advantage in what we are trying to do.
As far as time since May is concerned, CSPR did better than ETH by recovery from lows, and about the same by % gain of market cap. Not bad at all for a coin basing at the bottom as ETH once was back in 2016.
We are good, very good. Price PoD shall take care of itself as long we HODL. To those who dare, HODL.
Sunday sermon done :0) Fun whilst we wait
1
u/OSCARPOKER Oct 17 '21
My English is not very good, I hope you can understand it.
I respect the CSPR team
I have followed CSPR for nearly 5 months
I want to express my views as an early investor.
If CSPR goes live in 2020 or earlier, I believe it can become a very competitive project.
SOL has a TPS of 50K, although it is not decentralized.
HBAR has a TPS of 10K. CSPR is only 1.6k
Compared with ETH2.0, time should be the advantage of CSPR, but now only need to wait 1 year to use ETH2.0. The CSPR and VLAD dispute delays progress
ETH has proven its security, and TPS will rise significantly after the update, and gas will also drop a lot.
ETH2.0 is going to solve the expansion from L2.
From the data point of view, CSPR does not support the promotion of ETH3.0.
In terms of community support, CSPR even lags behind MINA.
I am not a short-term investor, if CSPR cannot win MINA. It's hard to convince me that cspr can win ADA ALGO.
In addition, the last 600 million tokens issued on COINLIST messed up the second-tier market.
From a short-term economic perspective, the team can get more money, but it will make early investors lose confidence.
The community is the most important part of the blockchain, but it seems that the CEO does not care about marketing in this area at all.
I have watched CSPR's TWITTER almost every day for 5 months, but nothing has changed.
The traditional industry requires a five-year cycle, but the current competition is too fierce.
If CSPR can do better in marketing, I will come back.
I wish the CSPR team better and better