/biz/ - Business & Finance

Hey guys,

I went all-in in ZCL because of the hype and potential of Bitcoin Private. After Ernest post, I decided to sell everything because I was scared the fork will never happen. Now the price went back at 130 dollars and i am beginning to FOMO...

ERNEST ! please give me advice about the announcement of Sunday. Will the price go up or down ?

Please, help me get my money back. I sold because of you !

WHY INVEST ?

I was skeptical of DBC's potential at first, for a number of reasons. One, their website (https://www.deepbrainchain.org) is far from functional and a lot of their WP marketing content is lost in translation (also hard to follow bc its written in a very scientific manner). Second, the 10bn total supply (achieved in 10 years), with 50% of that reserved for miners, makes it harder to believe in the price appreciation potential.

With respect to the website, you can visit http://www.deepbrain.ai/ (DBC leverages this AI OS). For the others, let's look at some of the reasons why the valuation is justified, and is due to go up.

(1) Working product - DBC is essentially an extension of the DeepBrain AI platform (http://www.deepbrain.ai/- This site is not very known to western investors b/c it isnt offered in English; i only came across it after doing due dilligence. Found the site link from one of DBC's venture sponsors, GSR). DB is already functional and serves landmark customers like Siemens, MS, Lenovo and Samsung.

2) VC backing: I currently work in finance and I know that GSR and Gobi are top-notch VC shops with successful investments in growth tech. There is also investment from NEO itself. While you shouldn't base your entire investment decision on the fact that known sponsors are backing it, you can't deny that they probably have a lot more insider info than we do and are backing it for a reason.

3) High market cap, low float cap: Ideally I want to keep short-term volatility as low as possible while maintaining the upside. DBC lets you do this because it currently has a low float cap; of the 1.5bn tokens in circulation, 0.6bn was sold through a pre-sale and are likely held under lock-up, so the actual number of tokens that could be in jittery hands is 0.9bn. More tokens will arguably be released as the years go by, but for a shorter term investor that would not matter.

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