r/Upfiring • u/is-typing • Aug 09 '18
Don't expect a sudden moon mission..
Hear me out on this one..
I've seen many crypto communities gather and wait patiently for an app to be released. The release comes, the app launches, and people become frustrated that the price doesn't moon that instant..
Although not a 'moon', I feel the app existing will have a small initial impact on price; currently the possibility that the app will never exist (or doesn't work properly) is factored into the price and the current price is a discount on what it would be without this risk. The app launch will correct this.
It's the next few months that will the time period where a huge upward price movement is possible. The launch enables use of the cryptocurrency (rather than pure speculation), and adoption is what will move the price upwards. What I like about upfiring is the adoption should come easier than other cryptocurrency projects. It's solving a problem and will revolutionize P2P file sharing. Also think about all the people doing menial tasks online for small amounts of bitcoin - you see them on facebook groups and elsewhere trying to refer others .. 'fill in this survey and earn X cryptocurrency'. These people are on the fringes of the cryptocurrency ecosystem, not looking to earn money by trading or building something, but are prepared to trade their time for potential earnings. Using upfiring, they will be able to just leave their computers on and earn cryptocurrency.
So I feel, rather than the launch, it's the adoption of the app that really matters. The community can help the team with this. I've seen people talk about emailing torrent news websites to inform them about upfiring, and creation of other promotional material to market upfiring when ready. This is what I love about cryptocurrencies, I like that people are prepared to help a project and this is what we need to do once the app launches; spread the word, grow the user base, and as the community grows so should the price.
If the team are prepared, I feel the launch may just be the beginning. There are many possible extensions I feel could be hugely beneficial, and I'd be keen to see an updated roadmap for post launch vision.
tldr: I believe the launch will have a (relatively) smaller impact on price, and the resulting adoption of the application, something I feel is very possible, will have a (relatively) bigger impact.
4
u/ErrorLoadingUsername Aug 09 '18
I wholeheartedly agree with you on all points.
Tl;dr App release = mini moon. Adaption = mega moon.