So, @[[18865][user]] commended me for still believing in this project. I'm gonna state my reply here because I think others could benefit from hearing it.
I try to think of it as an investor and keep emotions out of it. So for me, it's not about believing or not believing.
Here is a couple of bullet points on why I'm bullish on the project/token. If you see it differently, I would love to know.
1) What are the chances of the team rug pulling? I would say it's close to zero, if they would have rugged, they would have done so a long time ago. They would be up both in time and money
2) How good is the idea (valuepropersition) of the project - I would maybe give it a 9 out of 10. I don't really see how it could be better, but nothing is perfect
3) What are the chances, that they get the tech/dev done. I would give that a 95% out of 100%. They have the Seattle team who has a really good track record. They have Phillip who is just a fucking badass. I don’t really care if it’s this month or 3 months from now. 5 years would be a problem, but a six month time frame is not a problem for me.
4) What is the potential of the project. The best-case scenario is facebook size (billions of users) and the worst case (assuming they get to an MVP) is something like HIVE. (200 mill market cap). Let’s take the hive example. That would be an 800x in market cap. On top of this, the tokenomics of the project incentives people to take tokens off the market. So there is not a lot of tokens to go around which makes for a potential explosion in price.
5) What are the chances of AC's claims being correct. I would say, that I believe he's exaggerating, but if we only go with what we know it's still looking pretty good IMO. We know he's Bitboy main advisor, we know Bitboy is holding ALOT of SAT, and we know that AC helpedCEEK do a 250X. These are facts, not speculation. The chances of this being true is 100% as those are just facts. Might he have other things up his sleeve? I think so, but even if he does not it was enough to get CEEK to a 250X.
6) What would be the network effect of a working SoMee. I would say it’s extremely positive. Every content creator on YouTube would have an incentive to get their followers on to the platform. Every follower would benefit from being here instead of other platforms. Every user have an incentive to get their friends on and all the friends would benefit from being here. I would give it a 9 out of 10 as well. I still don’t see how it could be better, but nothing is perfect.
So from an investment point of view, what are the chances of this investment being profitable on a short to midterm timeframe?
IMO I would overall give it 95% chance of succes (in the short to midterm timeframe). In the longer timeframe, there are other risks if they actually become a competitor to the big players in the space.
For example, will Chris be able to run a big tech company succesfull? That remains to be seen, but that is not really an issue from a short to mid-term investment strategy.
So if the chances of failure is 5%, I (and every investor) should have no problem investing 5 percent of their portfolio. No matter what project, that’s just basic math. If you consider the potential of the RIO, IF the project succeeds one should have no problem allocating a bigger part of one's portfolio (which I have happily done from a risk-reward perspective).
So for me, it’s about the numbers and IMO, they are looking good. On top of that (from an investors point of view) I’m just trying to maximize my potential RIO.
So I would never go into the telegram group to complain and that’s why you always find me supporting the team. Anything else, I would simply reduce the chances for my investment to bring me a return. In general, I think the team is doing a great job, so that's another reason to support them, but that's actually not the important purpose of this post.
I know that a lot of deadlines have not been made, I know AC is at times really defensive and aggressive in the chat and have a need to brag. I personally think some of it is way over the top. I know all of this, I have been here for years as many of you have.
BUT on the other hand, they have to walk through piles of shit from people who have blindly thrown money into something they don’t understand and are now blaming the team for making a (so far) bad investment.
And because of this, these people think they have the right to FUD MY investment. Why would I ever support this, even though I get frustrated from time to time?
It's just bad business and bad investment. Like every time somebody complains in the telegram, it discourages the team from continuing the project. WHY would anybody do that to their own investment?
If I’m on a ship and I wanna get to shore fast, I’m not going to go shoot the captain (or piss him off to the degree that he abandons the ship) because I disagree with the course. That is just not in my own interest.
This is why I'm still bullish, this is why I'm still buying SME. Remember Jeff Bezos had to stick it through 6 major (bankruptable) events with Amazon before becoming the richest man in the world.
Anyways, just my 2 cents. Take from it what you want
So, @[[18865][user]] commended me for still believing in this project. I'm gonna state my reply here because I think others could benefit from hearing it.
I try to think of it as an investor and keep emotions out of it. So for me, it's not about believing or not believing.
Here is a couple of bullet points on why I'm bullish on the project/token. If you see it differently, I would love to know.
1) What are the chances of the team rug pulling? I would say it's close to zero, if they would have rugged, they would have done so a long time ago. They would be up both in time and money
2) How good is the idea (valuepropersition) of the project - I would maybe give it a 9 out of 10. I don't really see how it could be better, but nothing is perfect
3) What are the chances, that they get the tech/dev done. I would give that a 95% out of 100%. They have the Seattle team who has a really good track record. They have Phillip who is just a fucking badass. I don’t really care if it’s this month or 3 months from now. 5 years would be a problem, but a six month time frame is not a problem for me.
4) What is the potential of the project. The best-case scenario is facebook size (billions of users) and the worst case (assuming they get to an MVP) is something like HIVE. (200 mill market cap). Let’s take the hive example. That would be an 800x in market cap. On top of this, the tokenomics of the project incentives people to take tokens off the market. So there is not a lot of tokens to go around which makes for a potential explosion in price.
5) What are the chances of AC's claims being correct. I would say, that I believe he's exaggerating, but if we only go with what we know it's still looking pretty good IMO. We know he's Bitboy main advisor, we know Bitboy is holding ALOT of SAT, and we know that AC helpedCEEK do a 250X. These are facts, not speculation. The chances of this being true is 100% as those are just facts. Might he have other things up his sleeve? I think so, but even if he does not it was enough to get CEEK to a 250X.
6) What would be the network effect of a working SoMee. I would say it’s extremely positive. Every content creator on YouTube would have an incentive to get their followers on to the platform. Every follower would benefit from being here instead of other platforms. Every user have an incentive to get their friends on and all the friends would benefit from being here. I would give it a 9 out of 10 as well. I still don’t see how it could be better, but nothing is perfect.
So from an investment point of view, what are the chances of this investment being profitable on a short to midterm timeframe?
IMO I would overall give it 95% chance of succes (in the short to midterm timeframe). In the longer timeframe, there are other risks if they actually become a competitor to the big players in the space.
For example, will Chris be able to run a big tech company succesfull? That remains to be seen, but that is not really an issue from a short to mid-term investment strategy.
So if the chances of failure is 5%, I (and every investor) should have no problem investing 5 percent of their portfolio. No matter what project, that’s just basic math. If you consider the potential of the RIO, IF the project succeeds one should have no problem allocating a bigger part of one's portfolio (which I have happily done from a risk-reward perspective).
So for me, it’s about the numbers and IMO, they are looking good. On top of that (from an investors point of view) I’m just trying to maximize my potential RIO.
So I would never go into the telegram group to complain and that’s why you always find me supporting the team. Anything else, I would simply reduce the chances for my investment to bring me a return. In general, I think the team is doing a great job, so that's another reason to support them, but that's actually not the important purpose of this post.
I know that a lot of deadlines have not been made, I know AC is at times really defensive and aggressive in the chat and have a need to brag. I personally think some of it is way over the top. I know all of this, I have been here for years as many of you have.
BUT on the other hand, they have to walk through piles of shit from people who have blindly thrown money into something they don’t understand and are now blaming the team for making a (so far) bad investment.
And because of this, these people think they have the right to FUD MY investment. Why would I ever support this, even though I get frustrated from time to time?
It's just bad business and bad investment. Like every time somebody complains in the telegram, it discourages the team from continuing the project. WHY would anybody do that to their own investment?
If I’m on a ship and I wanna get to shore fast, I’m not going to go shoot the captain (or piss him off to the degree that he abandons the ship) because I disagree with the course. That is just not in my own interest.
This is why I'm still bullish, this is why I'm still buying SME. Remember Jeff Bezos had to stick it through 6 major (bankruptable) events with Amazon before becoming the richest man in the world.
Anyways, just my 2 cents. Take from it what you want
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