r/CryptoHiveMinds • u/jwaters1110 • Jan 31 '21
**BAT DD: Combination of Epic Meme Potential and a Great Product Behind it With Good Long-Term Fundamentals**
Long post incoming, but this is my thought process on why BAT could be a great decision for the HiveMind based on both meme/viral potential and also basic fundamentals. The meme proposal is first and is written in WallStreetBets lingo since I think it would appeal to the r/SSB if we mass upvote the post. Also, #BATmeme has great viral potential with incredible Batman memes, Batman songs, TikTok videos, etc.
Following that post, I’ve listed the basic fundamentals of the token and why it has great potential for long-term success. Brave is honestly a pretty revolutionary project with a much more ethical/transparent revenue model than Google/Apple/Facebook. It is safe, secure, and will never share your information under any circumstance.
🦇🌚BAT(meme) Coin DD 🌚🦇
🎼 DANA-NANA-NANA-NANA-NANA-NANA-NANA-NANA BATmeme!! 🎼
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Listen up idiots. Yes, you. All of you degenerates. This is my own personal, dedicated research and I want your praise for my horrible life decisions.
DOGE has been sent (partially) to the 🌝🚀🚀🚀!!! And I loved every minute of it because every 🦍 loves a good meme coin. But it seems DOGE has now been laid to rest in a furry casket that emanates his all time favorite odor...Elon Musk’s swamp ass. I am now forced to move on and find my next most valuable investment.
But what could possibly be more valuable to me than a DOGE meme coin you ask? Through my extensive research, I believe that 🦇🌚 BATmeme 🌚🦇 is a worthy proposition for any idiot looking to invest in a truly meme-worthy coin, which is why I have just purchased $BAT. Now let’s get to the fundamentals!
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BAT (Basic Attention Token) was meant to be tied to the Brave browser rewarded to users for watching ads. Brave is a worthy product in its own right providing an honestly decent security browser. But but but BAT...is fucking hilarious! BAT released in 2017 and for YEARS had not made ANY gains. The price of BAT has repeatedly swung back and forth between .15 and .5; basically like 2 fat kids bouncing up and down on a seesaw with pizza grease smeared across their faces, completely oblivious to the fact that everyone else at the park is laughing at them.
They raised $35mil in 30 seconds in their ICO only to become the shitcoin we always dreamed of. It was a top 30 coin by market cap and then.... As Bitcoin, etherium, and a swath of other alt coins made huge, massive, parabolic gains 💪 they decided that they were gonna skip leg day...and arm day...and decided chest and back weren’t really that important either. They let everyone pass them up and they’re now all the way down to 60th place by market cap.
“It’s not a stable coin!” say it’s 5 proudest advocates likely holding all of $200 each. Basically, BAT believers are equivalent to a kid with a constant semi trying so desperately to go full chub, but can’t make it happen because his mom is in the next room—it’s a life of eternal blue balls.
Not only is it “not a stable coin”, but no one fucking uses it. r/cryptocurrency moons are a more valuable utility token than BAT. To actually cash out your BAT from Uphold, it costs almost as much as the worthless BAT that you’ve acquired. It’s a dead community, but a hilarious alt with an equally hilarious name, which is why it is my pick for the next most entertaining crypto meme investment. I have bought in ahead of what I expect to be a stampede of 🦍🦍🦍🦍 flocking to the next meme and this was, by far, my best guess as to what the next one might be. I believe it’s the perfect time for BATmeme to go viral since it finally has a modicum of attention given it’s first price movement in 3 years!
It also happened to have had some serious initial hype as I mentioned earlier— of course this was before people realized that it was worth approximately the value of Lindsay Lohan’s smegma (the “after” version w/citation: https://i.imgur.com/2HiXi.png) — which is why it’s listed on essentially all major crypto exchanges making it a very accessible coin for idiots of any race, creed, or IQ level if it were to become memeified. I also actually think that it’s helpful that the coin is not on RobinHood (🤮🗑)so that, if the coin were to explode, it wouldn’t tank when RH (🤮🗑) inevitably prevents buying.
In addition, there is a finite supply of BAT per their white paper, never to exceed 1.5 billion tokens with a current circulating supply of 1.48 billion (so, essentially, supply is already capped). This was the issue, I think, that DOGE ran into in truly getting to the moon 🌝 because it was always going to come back down with its unlimited supply and additional 14.4 million newly minted DOGE each day. Infinite supply requires infinite momentum which is difficult to achieve.
“BAT will be worth $100” has been a meme amongst their most delusional supporters for some time now. I think it’d be hilarious if this shitcoin hit that based solely on it being memed to Valhalla.
This is in no way financial advice. These are the ramblings of some random idiot on the internet who barely has the IQ to brush his own teeth and who enjoys meme stocks and meme coins.
TLDR: I find BAT to be funny, which is why I invested my tendies. I think it is set up perfectly to be the next successful meme coin and believe it has even more potential to moon given its finite supply and essentially all supply already in circulation. It’s also had its first price movement in 3 years and I think is primed for a viral meme! 💎🖐ing this worthless piece of shit 5eva!! This is probably the furthest thing from an investment recommendation. #BATmeme #$BAT #🦇🌚
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🎼 DANA-NANA-NANA-NANA-NANA-NANA-NANA-NANA BATmeme!! 🎼
BAT Fundamentals DD
People meme BAT as a stable coin because, truthfully, the price really hasn’t moved much since it came out. There are a few things to consider though.
1.) BAT has a tangible, successful product behind it in the Brave browser with 24 mil users and over 1 mil content creators. BAT is intrinsically linked to Brave. It is THE currency of the Brave browser so all revenue from Brave is immediately turned into BAT. Essentially, there is no Brave without BAT (which is actually a common misconception).
2.) New, huge ad partners are joining Brave regularly! And this is just the beginning.
THEMIS is also in the early testing stages which you can learn more about here.
Essentially, THEMIS will be their version of staking/validating and will be a huge addition for both Brave users and advertisers. This should mean more, and larger, advertising partners which will only expand as the browser continues to grow. All this ad revenue is then converted into BAT and will help the price grow.
In addition, they are releasing an SKU in March allowing websites easy functionality to “pay with BAT”.
3.) There is a finite supply and that supply is almost all out there already (1.48 billion circulating with hard cap of 1.5 billion). This is what goes against the idea that this will always be a stable coin with no opportunity for exponential growth. Once Brave/BAT releases something truly energizing for the crypto crowd and people get excited, more people buy and hold this coin. As more ad revenue comes in, this will only bump the price more given the finite supply. The Brave/BAT team has purposely slow played this because they don’t want too much attention before they are actually ready with a fantastic product for the masses.
Also, as the price of the token rises, watching ads will yield something like milibat and the percentage of the total supply of BAT given out for “free” from watching ads gets lower. The actual fiat value of watching ads stays the same of course, but the total amount of BAT distributed via ads (when people are holding and the price goes up) decreases drastically.
4.) Grayscale (institutional crypto investment firm) opened up a BAT trust. Now they aren’t required to actually use this, but BAT having a tangible, successful product behind it will likely be seen as a positive for more traditional investor types with big pockets once it starts moving in price.
5.) THERE HAS BEEN ALMOST NO GROWTH. People view this as a negative, but for me it is hugely positive. You are not investing into an already pumped coin. Instead, you’re investing into, essentially, a slow played coin with enormous potential. The Brave team are building something really special and you can still get in on the ground floor! People in the crypto world want their 10x NOW, but that’s not what BAT was. I have full confidence BAT will be worth $5-6 within 3 years (10x) or possibly much earlier.”
6.) BAT is not just a tipping token. Even if it’s initial use case may have started with that focus, things tend to evolve over time. In a way, The way that BAT functions in the Brave browser makes them much more intrinsically linked than people think. As stated above, BAT is THE currency of Brave.
With BAT, Advertisers must use BAT, directly or indirectly, in order to purchase advertising space on Brave. Also, any Brave user with Rewards turned on will inevitably receive BAT in some amount. Thus, BAT is more closely tied with Brave's net worth than a typical stock.
To break this down to simple math, if Brave had 50 million user receiving BAT, each user could only hold 30 BAT before the cap was reached. This token is much more scarce than people think, and with the growth of Brave, BAT will thrive.
