You are viewing a single comment's thread from:
RE: ETN - Electroneum How I will pay off my house
I wouldn't keep my hopes up and say I would be able to pay off my mortgage with this coin.
6,300,000,000 coins were released in ICO and many more since then has been mined. As @danile666 has pointed out in his post, the moment the ICO wallets are released, it will crash the price.
Furthermore, the total supply of this coin is 21 Billion. With 21 Billion coins that can be mined by smart phone, why would someone else would want to buy your ETN coins?
Will the price eventually rise? yes, it will.
Will you be able to pay of your mortgage? no, it will not rise to the value that you can earn massive return.
Thing is if I have 100k coins it's possible. Only owe 96k on my house. I believe it will take some time but it is still possible.
Those additional 21b coins will take forever to mine, that's how block chains work. And mobile wallets will get a few bucks a day at most per devs.
OH so you WILL be able to pay your house off if the coin hits a dollar. Hyped up moronic posting. Saw this comment, Taking my like back.