Ipostet this in fight the dump thread and tried to explain the phase we are in right now.
We are looking at exchanges as a rich to morrow thing, and we dont want that right now. Where I see ETN are at the moment is in a fase when a product is being tested and polish. The price right now is a reflection of where we are in the prosess, not hyped and still a risk product. Why is it a risky product? It is risky because no company have it fully integrated yet. We must separate hyped shitcoins from a almost finish working coin. We can blame miners, and every single individ on the planet for not doing us rich and give us money right now, the world dos not work like that.
When we are fully integrated in a company and they push ETN to their clients AND get results we are a working product with less risk. When the risk decrees the investors must pay more for a premium product.
For us to be that premium product the user must feel the benefits we got, and those benefits will they in first move get from their mobile provider or vendor. The more user numbers we get and higher turnover ETN get by being used as a coin will increase our value. The real marketing of ETN will not come from the team, it will come from the companies that use ETN, they will push it out, they got a lot more resources, they are professionals in their market. The ETN team marketing businesses and that is their profession in marketing.
The big exchanges that trade cryptos want do much for us right now, they might even harm us by pushing up the price to much. They are only good for us holders in a short time frame. We will get to those big exchanges when it is good for ETN, and I dont think we need a to high price right now, I would be happy but thats not my point.
In a close future when the mobile operators like Joytel got 20K users that got ETN before x-mas realise in February that the 50 ETN they got for 1$ is no worth 500$, that will be marketing in Asia. The same will happened in South Africa and maybe Turkey to. And when with a fully polish product and a great ETN team other exchanges will be coming and pay to list ETN, companies will pay for suport and integration of ETN . We must not forget that the team needs to start earning money at som point, and I think Richard wants to earn money ASAP. And for him to start earning he must have a fully function product with high demand, low risk and proven results. Richard even stated in one video that ETN is going to be one of the financially engine of great Britain, it is not a small goal he stated, and the ETN price is not the same as it is now.
We got ETN for free or close to free, that is risky, can we loose? Off corse we can loose! Are the chances for profitt increasing or decreasing? I think the ETN team follow the recipe of success, they have given the market a teaser (us, me and you) the user numbers, so they can market to companies over value. When ETN is building this community they are building common knowledge in the masses and a foundation. If ETN becomes a success others will try to copy that, and schools will educate in ETN in finance and marketing, this forum might be one of the tools where they can study the development of ETN day by day in history, lika diary.
Where the price goes from now and the next weeks are hard to tell, because we dont know when the mobile users starts the testing, but it suppose to be imminent. If the results are good the price will sky rocket rapidly and when new user enters the use case of ETN and starts to buy. Large investors are probably watching us every second and waiting for the buy signal, not from TA but from the development stage we are in and the results from testing. They dont giv a F… witch exchange we are on as long as the lawyers and the accountant are satisfied, and believe me they are watching us closely because this is maybe the most exiting project out there in cryptos that is ready for launch and we might be years in front of 99.9% of the other coins, and we are at a price that reflects the time we are in and not a hyped speculative coin,
To do som number crushing on Joytel it is important to understand the market they operate in. Hong Kong and South Korea and Joytel is for trawlers. Trawlers are not unbanked they are the opposite very well banked They stay in places that suck the money from you like hotels, taxi, train, bus and airports. They do cross border travelling and spend different type of currencies and that is an expense in it self. ETN might save them for a lot of transactions and that can lower their traveling expenses. When this people see and understand the benefits this is giving to them, they will accumulate more ETN to reduce their average cost, so for a starter the average of 20K users buy 10K of ETN and that will drain the exchanges for 200 millions of ETN. That is 22-30 days of ETN max supply from miners. That will be around 4.1% correct me if wrong, this is high numbers. So with the word of mouth this ETN thing can spread around them and in sosiale media and kreate a network effect Metcalfe’s law (https://en.wikipedia.org/wiki/Metcalfe’s_law) so the real numbers are hard to predict, but this is guesswork all the time this never have been done before. so by extracting 4.1% from the exchanges we will gett a price increase that also is hard to predict, but by looking at the order books in different exchanges i think they can be weary slim afterwords.
The situation in south africa and turkey is not calculated in yet and neither any other events. But with all the green numbers we get while all the new buyers entering the market we must go in to TA and look to the chart and find the resistance and support lines to try to calculate the amount of ETN we can expect from sellers than have being holding and waiting for the right price, but we got a problem with or history because it is so short and our all time high was around 0.20$ so there stops our chart for statistics. My recommendation is to do a TA in BTC chart where the price was similar and calculate volume in % and not coins, just to find the psychological numbers.