When crypto moons, you will always find some undiscovered expert touting the latest anonymity coin or, worse still, a proof of Stake Master Node-enabled project voting coin. Often, such experts back up their claims with seemingly convincing proof in the form of YouTube videos, podcasts, or, failing those, then a couple articles on crypto news websites featuring them telling you to get in at a dollar when in the present day’s market euphoria such coins have risen to somewhere around ten times that.
Deep down, most of us are reasonable and logical enough to know that the tipsters probably got lucky off a bunch of hyperinflated low value shitcoin-equivalents, but we might buy in anyway. The temptation of such gains materialising in our own wallets, after all, is just too much of a draw.
It is days like today however, with the entire market bleeding like a [insert your analogy of the day here] that we are offered a stark reminder how betting on small-to-mid cap projects with no actual definable value isn’t the sure way to riches we are sometimes led to believe it is:
When the crypto market drops, it plummets. This is a natural counter-reaction to the huge intra-day gains that coins often experience today, aided and abetted by the over-the-counter match order systems on exchanges in the digital asset space pretty much everywhere in the world.
I love FUTR, because it is one of the only new cryptos around that is the real deal. By real deal, I mean something specific, however, not just some general sense of authenticity. So specifically then, what I mean by real deal is the following:
- It is a REAL cryptocurrency since it swaps for a REAL cryptocurrency (I don’t think there is anyone on the planet apart from Warren Buffet who would have trouble identifying Ether as a REAL crypto).
- It is a REAL innovation. It’s not your Masternode copycat or your anonymity rup-off, or your Bitcoin 35,876-point-oh. It’s financial engineering for the Blockchain, far too little of which we actually see.
- When the market goes down like it is doing today, that is when FUTR presents REAL value for its miners.
It’s the last of those points I want to address in the rest of this post today. A number of my colleagues here at The Currency Journal were in howls of cheering as the markets pumped up in recent weeks on the back of Ether’s two-month-long two-hundred-percent climb into the … well, into the Ether. But not me. I was glum. All I could think of was, when will Ether tumble? I was the party-pooper par excellence.
But it turns out that I was being rational, and that FUTR is made for traders just like me. So today, I am smiling from ear-to-ear. Because here’s the thing: as Ether climbs in value, FUTR becomes exponentially higher priced as you break through the level barriers. That means that FUTR is something you buy when the market crashes, and NOT when it pumps.
To illustrate this, I have imagined two scenarios wherein prices for Ether trade either only at price x or only at price y on any given month in the next year. I have then adjusted the official price tables for FUTR as if the prices of the two tables alternated only on the first month of next year, which is the wait period between when the swap-back and the new mining cycle starts all over again:
As you can see, in the first chart I have depicted a lovely 2018 bull market wherein FUTR happily trades all year long at $1,300. Then, this time next year, a big bear comes along just before the swap and mauls it back to $900. What this means is that the real effect is one whereby only the first 4 levels of the mining cycle are in profit. The rest of the traders are going to keep their FUTR and pump the next round, most likely, or else they would be swapping back for an amount of ETH that at current market prices, represented a big loss. Even the most that level 1 miners make on the year isn’t much to write home about: 450% or so. Granted, that is much much better than the 40% they would have made holding just Ether (another great thing about early-stage mining of FUTR) but it’s lacklustre nevertheless. At least for crypto it is.
In the second chart, I have reversed the previous calculations, and assumed that we sit through some miserable, mauling market conditions throughout 2018. The price of Ether sits at $900 all year long. Suddenly, come a year from today, Ether then begins to pump back up to $1300. Woo! Now get that profit-making party started!
Now look – every single level, even the tenth, is in profit. That is going to lead to a much higher swap rate, much higher gains all round, which is going to lead to a much decreased supply and increased demand going into the next mining cycle. But the evidence that bear market conditions make so much sense for those who want to mine FUTR is born out in the percentage gains made by those who mine it at the first Level and leave it: FUTR miners who are presently mining FUTR are getting at least 10,000% in annual returns just by the Ether price increasing marginally back to $1300!
Sorry, but that is nothing less than free money, and if there’s something that puts me in a better mood than almost anything else in the world, it’s free money! Now – get your butt over to the foundation website and load up on some more FUTR.
Just remember to push the stop button when the lights go green!