A potential 7% guranteed freebie
The DAO so far has not voted for any proposals and has not spent any money. There are 11,72,772 ethers that was raised during the crowdsale. Ether right now is trading at around 12 dollars. Multiply 11MM* 12 --> $$141MM
current marketcap of the DAO is only 132MM, which is ~7% below the fair market value. One can right now just buy a whole bunch of DAO, bring it to mist wallet and split it for ether if they wanted to. Granted there is a small wait time .
This just shows how the instant gratification "millennials" are trading right now by selling DAO tokens below the creation price. I guess, it's good that these inexperienced newbies are getting flushed out of the DAO. They so deserve it, if they can't even do this simple math. What's happening to the educational standards of people?
It's amazing how irrational traders can be. This is why you have to have a long term investment horizon when you get into things like this.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You might be somewhat limited by the depth of the market though. I am not sure how much DAO is actually being sold below their ETH value.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
There are over 50,000 DAO tokens selling below creation price for the ETH. I want these jokers to pile up. I am gonna buy few more of these once BTC finishes it's run. I can just buy the tokens here and split it for ETH and make 7% gains.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit