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A few hours ago one of my friends called me in real FOMO asking for help to buy some RSR.
Due to the fact that I am not Licensed to do so, there was nothing I could do for him.
Except grab my calculator and work out the possible RSR price if the TOTAL 100.000.000.000 TOKENS were in circulation right now (ONE HUNDRED BILLION With a "B")
and the same US $ 63.974.936 were divided among 100.000.000.000 RSR Tokens.
When I showed him the figure showing on my calculator, the colour of his face went ....
sort of paper white.
US $ 0.000639749
Meaning that with one dollar IT WOULD BE POSSIBLE TO BUY SIX THOUSAND THREE HUNDRED AND NINETY SEVEN 1/2 ..
.. 6,397.49 of those.
He asked a question that I could not answer, namely:
How many millions of dollars will this Company need to raise, just to keep this very same price?
We add 2 zeros to the existing ones on the Dollar amount they have today, and that will do.
About SIX THOUSAND MILLION or so.
$ 6,000,397,490.00 Just to keep its price as we have it today.
Please be aware that I am an absolute ignorant about finance and its puzzles.
All I do doesn't go beyond arithmetic which does not imply any financial advice, none whatsoever.
Please, always do your own research. Always.
Due to the fact that I am not Licensed to do so, there was nothing I could do for him.
Except grab my calculator and work out the possible RSR price if the TOTAL 100.000.000.000 TOKENS were in circulation right now (ONE HUNDRED BILLION With a "B")
and the same US $ 63.974.936 were divided among 100.000.000.000 RSR Tokens.
When I showed him the figure showing on my calculator, the colour of his face went ....
sort of paper white.
US $ 0.000639749
Meaning that with one dollar IT WOULD BE POSSIBLE TO BUY SIX THOUSAND THREE HUNDRED AND NINETY SEVEN 1/2 ..
.. 6,397.49 of those.
He asked a question that I could not answer, namely:
How many millions of dollars will this Company need to raise, just to keep this very same price?
We add 2 zeros to the existing ones on the Dollar amount they have today, and that will do.
About SIX THOUSAND MILLION or so.
$ 6,000,397,490.00 Just to keep its price as we have it today.
Please be aware that I am an absolute ignorant about finance and its puzzles.
All I do doesn't go beyond arithmetic which does not imply any financial advice, none whatsoever.
Please, always do your own research. Always.
Comments
not looking good especially with the monster total supply and the ridiculously small circulating supply
this coin can PUMP hard since COINBASE may list it as proven lately .
RSR is a buy and HOLD