Dcc it will rice to 4$ in 2018. Betting in Bicoin price rice in 2018 and technology behind it, page-8

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dr_prior

177 Posts.

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08/01/18

21:11

Post #: 30139976
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Originally posted by Peteo ↑

Again, not disagreeing with any of that information, it's a great story, but little to no relevance of why DCC's share price will go to $4. Has that number come from somewhere in particular or is it just made up?

The hype cycle is real right now and i'm curious if you have any numbers to back up your thinking of $4? Let's work off the shareprice being $0.40 currently so a 10x return by the end of the year.

If you judge the price of the company by Bitcoin, it's currently valued at (time of writing) $20,163 AUD. So this would require Bitcoin to hit $201,163 by the end of the year to hit your valuation.

If you judge the price of the company by the total coin market, it is currently $1 trillion dollars AUD, so to get the 10x growth you're saying the whole crypto currency market cap will be $10 trillion dollars by the end of 2018.

Perhaps you highly value their current coin holdings and expect the high quality coins like POWR to outpace the rest of the market.

Perhaps you like Air pocket and suspect it will have global domination, obtaining 100 million users by the end of 2018 and value a user at $10.

Perhaps you believe the value that Leigh and Sam bring will bring an additional 1.5 billion from investors? What if one decides to leave DCC, how does that affect your price?

Perhaps you believe the Australian Government will issue it's own crypto asset and Digital X will be responsible for consulting on the ICO?

Don't get me wrong, I'm bullish on DCC and not having a go at you. I just want to know why you chose $4 instead of $2, $20 or $100. What's the rationale behind that specific figure you have chosen?

If we're going to make monetary predictions, we should justify our thought process on where that value is coming from. Otherwise we are just feeding into the FOMO hype of pumping a stock/coin without further thought.

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Hey mate I like all those possibilities. I'm still new to trading and finding time to understand FA on all my stock is hard to do. If you had an opinion on a 12 month target on this stock given a conservative approach. Where do you see dcc headed ? Cheers

DCC Price at posting: 39.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.6¢		Change 0.003(5.66%)		Mkt cap ! $48.51M

Open	High	Low	Value	Volume
5.5¢	5.9¢	5.5¢	$160.4K	2.820M

Buyers (Bids)

No.	Vol.	Price($)
3	166953	5.6¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	216779	2

View Market Depth

No.	Vol.	Price($)
3	166953	0.056
4	185911	0.055
3	201351	0.054
3	31499	0.053
2	120000	0.050

Price($)	Vol.	No.
0.058	216779	2
0.059	439403	3
0.060	451578	4
0.061	202173	2
0.062	119549	3

Last trade - 16.10pm 17/07/2024 (20 minute delay)

DCC (ASX) Chart

Dcc it will rice to 4$ in 2018. Betting in Bicoin price rice in 2018 and technology behind it, page-8

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