/biz/ - Business & Finance

My ticket to financial freedom.

6k scrub here. will i make it?

>>16214137
You will make it. (100k stack personally though)

And get ready for impact tutututututututuu kskskjksadfljsdlfioasdjenlaidnbqz

if you watch the telegram, you would know...

What am i Missing, if anything

>>16212872
brace for what nigga

>>16214459
>>16214465
Brace for the FUD:

Show proof that all 32 clients V-ID has are paying customers or that team didn't offer a free OR discounted trial run to boost their numbers to make VIDT more appealing to investors. Validating a file on a blockchain costs no more than 1 VIDT (less than 10 cents), but the team is supposedly charging 10-16 VIDT for clients for essentially doing fuckall but providing an interface to interact with a blockchain. That's 10X profit per file. If you had a company, ready to validate 100,000 files, would you want to pay $10,000 or $165,000? All you have to do is a five minute research to save over $100,000 a year.

Acronis Notary costs $99 for the whole year and comes with a cloud backup solution, HDD image creation, and all the validations are free. That's right, motherfuckers. Free. Because 99% of people who buy the cloud backup solution are not using notary services in the first place and they're subsidizing the transactions of those who do need the service. Large companies that do thousands of verifications a month and don't need a backup solution only pay mere cents per validation. Cents.

VIDT is a scam. Token not needed. They created VIDT for the sole purpose of raising money. Service idea came first and then VIDT got shoehorned into it. They needed a utility coin for an ICO, as otherwise it would have been a useless security token and have no chance of being listed on exchanges or being legal. They knew no one would want to invest in a "1 VIDT = 1 Validation" scheme because that would make it a stable coin and have no speculative value. Which also means that VIDT price doesn't matter to V-ID at this point, they already got their million dollars. Unless they want to dump. All buybacks are scams to raise the price, so you give them your lunch money and create liquidity to dump into when the time comes.

>>16214541
i still dont understand why this meme started with vidt , every single erc20 is a chuck e cheese token that is not needed

>>16214561
Because token not needed. There is no staking and there is no reason to hold VIDT for an investor.

Business wants files verified.
V-ID says that will be 12 Chuck E Cheese tokens or $1.55.
Business pays $1.55 to V-ID (supposedly).
V-ID takes Chuck E Cheese tokens from their inventory, does the file verification and burns about 3 of those tokens from their inventory.
V-ID hops on IDEX and buys 1 VIDT from you and other anons.
Repeat.

What is the UTILITY of this token for you, anon? Why would hold 10,000 VIDT? Just holding it in case V-ID comes on IDEX and buys it off of you? Is that the utility right now?

>>16214632
Keep coping about your xrp bags bitch.
The shittiest alts got way higher than vidt.
Tell me some idiots won't eat this up and this goes to 1$ EOY.
suck my fat vidt stack

>>16214632
what is the utility of chainlink?
the whole token can be made obsolete by changing a few lines of code (allowing eth to be used as a collateral and node payment). both tokens solely exist to reward early investors.

>>16214717
>>16214758
Pure whataboutism cope. I don't hold Chainlink nor XRP. VIDT will convert to VIDS in a few months and take out all speculative value. Not to mention team and whale wallets unlocking.

>>16214811
>VIDT will convert to VIDS in a few months and take out all speculative value.
>shares never have speculative value

>>16214758
The difference is staking and running a node.

>>16212872
I have 31K . I bought too soon, so my dollar cost average is 28¢ per VIDT. Should I inject another $1600 to bring my total to 47K at an average price of 22¢ ? I won’t sell until Mid 2021

>>16214824
that's literally the content of my post.
link would be worthless if eth could be used as a collateral for running a node. it only holds value because the dev team wants to reward early investors. the same goes for vidt.

>>16214867
stop being retarded. it's not about rewarding early investors. they raised money from the market, so they have to pretend to offer something of value in return. it's such a fucking stretch though. that's the problem with ICO scam teams. they get millions of dollars for free to build their business. there is absolutely no reason for vidt token to exist other than it enabled them to collect millions of dollars up front. doesn't even matter if the business fails now.

>>16214821
If VIDT will convert to VIDS, which represent shares in the company and the total supply is 62,391,039 VIDT, then one VIDT is realistically worth 2 cents today. 5 cents if we only use the circulating supply. That's with a 3X revenue multiple. At 2X annual revenue (and only looking at circulating supply), one VIDT is worth one penny. And currently, it's even worth less. And that's with a 100% conversation rate (if you hold all the VIDT, you could in theory own 100% of the company). Obviously it will be 10% to 30% conversation at the most, as why would V-ID want to lose more than 30% of their own company, so you can take that shiny penny of yours and divide it by 10 to get the true value of one VIDT.

Shares are tied to financial reports, which have to be made public for a company to be, you know, publicly traded. V-ID is not worth a 3X multiple, let alone 10X, as it has plenty of competition and no patents or unique offering. You have until the conversion to take """"profits"""".

>>16214921
they weren't ready for that pill anon....
kek.

listen guys, assuming sat gang or a similar group or whale still has some position in VIDT, you can expect one more exit pump by them. it will be quick though, so be ready to sell if it does happen. understand that if you're still holding after the exit pump, you won't get another chance.

>>16215007
Exactly, there will be a pump, but it's going to be short-lived. The chance of selling VIDT at 30 cents are over, let alone at 55. Whale will crash the price of VIDT to $0 for lulz (1% of his stack) and V-ID will stop actively developing the project and start relying on third-parties promoting the project from that point forward. All outlined in the white paper. One of their third-parties include ChainDocument, a shell company ran out of a storage unit.

>>16215007
>>16215126
lmao @ people pretending they can manipulate the VIDT price. $2 Million USD Volume, motherfuckers.

>>16215398
Manipulated wash trading with bots. Question is who is running the bots: Bagholders, Satsgang, or V-ID?

>>16214632

You do know there is two things;

1) Re-sellers who must buy the token on the open market to use for their tailored business needs and integrate with API v3

2) B2C App being launched in JAN.

So yes, even in the pipeline there is more utility.

>>16214811

It wont convert to VIDS. Rater, you will have the OPTION to convert to VIDS.

>>16214853
I personally would yes, Aim for a 50k stack desu if you can

>>16215398
Sauce please

>>16216236
>1) Re-sellers who must buy the token on the open market to use for their tailored business needs and integrate with API v3
So if I want to base my whole business around V-ID and make money for THEM, I have to buy the tokens on a volatile unpredictable market and potentially overpay? So if it gets successful and I need 100,000 tokens right away, I'm fucked? Great business model. Businesses and re-sellers will be lining up surely.

>2) B2C App being launched in JAN.
Which is nothing more than a browser wrapper.

>>16216248
>It wont convert to VIDS. Rater, you will have the OPTION to convert to VIDS.
But once the option is there, you will know how much VIDT is actually worth because you will know how much VIDS are worth, which are tied to the company shares/revenue.