Rita's interview with Sky News today is some of the best marketing we could have asked for. The amount of eyes and ears that know about MODE now has just shot up 10 fold, reaching a mass market of potential new investors in both BTC and MODE.
Just been having a bit of a muse on MODE today. Having seen a number of posts discussing how the fluctuation/volatility of BTC is beneficial for MODE, i was curious if this is actually the case.
Having thought about it, sure, people selling BTC is great for the transactional value it adds to MODE but what i believe is best is people using MODE to either buy BTC or send BTC to one another. The value of MODE is obviously attached to BTC activity but i believe we will only see the positive effects of this when the BTC activity is positive (i.e. people not selling BTC). Picture it this way, if everyone sold their BTC back to FIAT currency then sure there would be a fair amount in transactional revenue from this but MODE wouldn't exist for much longer. Whereas as BTC and crypto becomes more adopted into society and the financial system, the popularity and use of MODE will increase, the transactional revenue (hopefully) and thus the share price.
I'm confident in MODE in the long run and remember, they haven't spent anything on marketing this yet. My assumption is they'll probably start doing that when they release the "superapp". When they release budget for this, if its spent in the right way and at the right time (ideally a BTC bull-run) then hopefully we'll see this fly.
Hi guys, new to MODE but a quick message to anyone who's worried - If you believe in the long term viability and potential of MODE then daily fluctuations mean nothing, leave and come back in a month to see where things are at. I'm holding this for at least the next few years as we have a strong board, great products and I fully believe in the future of BTC/crypto.
Don't let daily price fluctuations worry you. Chasing 5 day multi-baggers like ARB/OBC is only going to end in tears - don't know about you but i'm in this for the long game.
@Kelbelle - still waiting for your evidence that MMs are "tree shaking" either you're very invested in this share and want to keep the BB optimistic or you havent got a clue about how financial markets work?
Not de-ramping btw, just dont want waffle on this board without evidence of the likes of "thats how AIM works"...