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The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
The following post by cecil_X is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/r/ CryptoCurrency/comments/gkrawf
The original post's content was as follows:
I think most people are not taking Moon seriously. Guys, I want you to think about how important and relevant is Reddit in the internet. Think about how much visibility this token has. What do you think will happen when it becomes available on exchanges? Moon has been designed to be scarce, with a supply capped at 250 million. A relatively low supply. These two factors combined are a ticking bomb. And the timing can’t be better. Supposedly Moon will migrate to mainnet in Q4 this year, then could we assume that Moon will be traded in exchanges starting at Q1 2021? Historically speaking, the effects of a bitcoin halving kick in 1-1.5 years after the event… this time that’s in 2021.
I guess most people don't care much about Moon because its limited features. Still beta. Testnet. It can only be used in Reddit. This may change in the future though and, in my opinion, this is a smart move. Releasing a token as a currency would have been a blunder if we consider what is happening with Facebook and Telegram. This way Reddit is keeping the regulators at bay.
As I said, Reddit is a powerhouse and that means that in terms of exposure Moon wins by a landslide. Overkill. Leaving a very few tokens aside, no altcoin can compete with Moon in exposure. Bull market hysteria will do the rest. If Moon becomes available in big exchanges, if Moon becomes tradeable, if Moon can be used out of Reddit, then the next year could be amazing for Moon owners. A couple dollars per token is not out of reach. We can just dream and let the internet do its magic :)
I think most people are not taking Moon seriously. Guys, I want you to think about how important and relevant is Reddit in the internet. Think about how much visibility this token has. What do you think will happen when it becomes available on exchanges? Moon has been designed to be scarce, with a supply capped at 250 million. A relatively low supply. These two factors combined are a ticking bomb. And the timing can’t be better. Supposedly Moon will migrate to mainnet in Q4 this year, then could we assume that Moon will be traded in exchanges starting at Q1 2021? Historically speaking, the effects of a bitcoin halving kick in 1-1.5 years after the event… this time that’s in 2021.
I guess most people don't care much about Moon because its limited features. Still beta. Testnet. It can only be used in Reddit. This may change in the future though and, in my opinion, this is a smart move. Releasing a token as a currency would have been a blunder if we consider what is happening with Facebook and Telegram. This way Reddit is keeping the regulators at bay.
As I said, Reddit is a powerhouse and that means that in terms of exposure Moon wins by a landslide. Overkill. Leaving a very few tokens aside, no altcoin can compete with Moon in exposure. Bull market hysteria will do the rest. If Moon becomes available in big exchanges, if Moon becomes tradeable, if Moon can be used out of Reddit, then the next year could be amazing for Moon owners. A couple dollars per token is not out of reach. We can just dream and let the internet do its magic :)
Latest Bitcoin News:
Spencer Dinwiddie Letting Fans Choose Next Team if Bitcoin Fundraiser Goal Is Met
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
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