Many enthusiastic token HODL individuals come on the internet and post hypothetical questions regarding the price prediction of their coin(s). It is usually followed by hopeful claims and battlecries of "to the moon" and then, lurking the in darkness lays either an internet troll or an ignoramus. The troll, we don't need to discuss. Just read the comments section in youtube for that. The ignoramus comes out as if they're some sort of financial advisor who will then begin to apply supply and demand to crypto coins and speak of market cap.
The negative nancy will claim that astronomical numbers cannot be achieved. They will say something along the lines that "don't you know if the price reaches X amount then the market cap would then amount to this much, are you crazy?"
Some will then agree with them only to give their hypothetical claiming that the price will then deflate badly.
Let us look at some REAL examples of how all of this is not true.
Etherium back in March 1, 2017 had a 24 hr of $17.37. By the end of the month the price of Etherium reached $51.77. The price basically triples.
THE NEW STANDARD for Etherium was no longer $17. The price now is on another trading level. Etherium continues at a high and begins to double, triple, quadruple. Etherium hits a high of of around $350. Etherium experiences a flash crashes what would be to some a crash due to artificial inflation. Instead Etherium literally rebounds. It continued to trade in the hundreds level until it continued to what it is today.
Once the price of a coin goes up, it doesn't simply deflate as traditional 'economist' on these forums would have you believe. The coin begins to have a new level to play at. Let's take Ripple as an example.
Ripple was trading at an average of $0.19 to $0.26 last year. Ripple then shoots to $0.38 continues to climb and then reaches an all time high nearly $4!
RIPPLE REACHED $4. The only reason why we experienced a crash WAS NOT DUE TO SUPPLY AND DEMAND.
ALL COINS REACHED A NEW PLAYING LEVEL.
COINS DROPPED IN PRICE DUE TO FEARS OF BANS IN ASIA.
COINS DID NOT DROP BECAUSE OF SUPPLY AND DEMAND!
COINS DROPPED IN PRICE DUE TO NEGATIVE NEWS WHICH RUINED THE BULL RUN WE ALL HAD!
Once again it is important
VERY IMPORTANT
FOR SELLERS, MINERS, HODL of tokens to do their best to counteract negative news. People in the crypto space need to forgo market conditions which are easily manipulated by bad news or whales in the mining community. They need to take advantage of what they hold. Believe in themselves and name their own price. Just name your own price, you say? Yes, I do.
I keep mentioning and will always mention. If anyone here believes that bitcoin will reach $50,000, $100,000 or even $320,000 what event are you waiting for? Why not price bitcoin at your price right now? Imagine what happens to the market?
A new level is reached and thats what it begins trading at. I repeat, your token, once it breaks a resistance barrier will now trade at a higher rate you never though imaginable before. ALL tokens took a huge dip due to negative news and not due to size of market cap or supply and demand issues. Quite the contrary, the demand out there is higher than the supply!