I'll tell you why you need stop whatever you're doing right now to invest in OMG right NOW and which problem they're solving.
First of all, Omise already has a working company with more than 50,000 merchants. Each of these is a potential user of OMG. They also have Vitalik as an advisor and a really good dev team, you won't find a dev team like this again, and if you do, you should be investing.
Alright, with that out of the way,
the payment processing industry is one of the biggest in the world with more than $3.5 trillion per year. They're third party companies like debit, credit, paypal, alipay etc. and they get paid a fee for each transaction.
The problem with all those payment processors: It's closed. For example, you can't transfer money from paypal to alipay without having an account on both sites, your money is trapped by design, so they can hold on to as many fees as possible.
OMG wants to be the bridge, it's linking all digital assets.
Essentially, it will allow you to freely move any and all digital assets across any traditional or non-traditional payment network.
With OMG, you're also investing in a platform, which is huge. Devs can build payment applications without the process of setting up an international payment network.
The 50,000 merchants will lead to a rapid adoption of OMG in Asia. Southeast Asia is the worlds fastest growiing region in terms of internet use, adding 3.8 million new internet users per month.
2 billion people don't have a bank account, in southeast asia alone, 420 million peple don't have an account. That's 70% of the regions population. Omise is the best and only solution those people have been looking for, because the network of OMG with its 50,000 merchants can collect cash and grant access to the OMG blockchain without the need for an account.
It's unique and gives Omise a huge competitive edge in one of the fastest growing digital payments markets in the world.
Southeast Asia will only be the beginning for OMG, you'll see widespread adoption across the globe soon after
People will choose OMG over traditional payment providers because:
1) OMG doesn't require you to have a bank account, this is a huge competitive edge 2) OMG has way lower costs, it's already 50% cheaper. Once the blockchain goes live, expect the costs to drop by another 60%. OMG doesn't have to pay for the blockchain infrastructure, we do that for them. The holders of OMG, aka staking.
OMG holders will be able to stake their coins, this basically means you take coins out of circulation. You still own them, but you can't spend them. The reward you get for staking coins is a share of the transaction fees generated by the OMG network. This means you can get a cut of every single transaction that goes across the blockchain.
As the network grows, so will the fees.
Imagine for the last 60 years you were able to get a cut of every transaction across the visa network.
If OMG can only capture 0.5% of visa's market, it will process 20 billion per year. If we assume a 1% transaction fee, that's 200 million per year with a total of only 140 million OMG tokens. That's more than a dollar per token, just in fees.
It can (and most likely will) become the payment platform the whole world uses, it's better in every way. If this happens, it could easily achieve a $250 billion valuation. That would put OMG at more than $1500 per coin. OMG will be to payments what Microsoft Windows was to the PC market.
This is your chance to make life-changing gains, don't miss out on this.
Remember this post when you're driving your lambo, user.
>2/2
Cooper Morales
I think somebody's knees are gettin weak, arms are heavy. mom's spaghetti
Jonathan Miller
you're forgetting the merger of omise/omisego. Jun already said on twitter everything will become one. So anywhere they use facepay is also a bonus for us like the 240mcd locations.
Once the merge happens and everything is running on plasma this coin will explode
William Wilson
How heavy are your bags, user?
Gavin Kelly
when is the merger and plasma?
Nicholas Brooks
We don't know either yet. Kyber news has shown plasma is up an running for almost a month now so it could be very soon
Jose Evans
The problem with altcoins (or more correctly with altcoin investors) that they follow Bitcoin like dogs. There was no fucking reason for OMG to drop that hard because of China since they have very few volume over there. So in short term none of this matters if BTC crashes OMG will dip.
Nolan Ross
i have 32. will i make it?
Cooper Roberts
wtf are you talking about? it was $11 before the crash and $10 now. lowest was $8 and it was a quick dip.
Jonathan Martin
The bots are programmed to trade it along w/ btc
Austin Cruz
OMG will crash together with BTC to $4 again faggots.
Ayden Johnson
nice delusion. it crashed from $13.70 to $6.51, keep coping
Joshua Rodriguez
techcrunch is tomorrow also.
Kayden Allen
Sounds to me that you are the one coping here. . However will you live in the future knowing we told you to buy and you didnt?
Sebastian Evans
No such thing as heavy bags with OMG, shit doesn't dump
Daniel Robinson
ok mr salesman, explain to me why would the entire world use omg rather than bitcoin/ltc/monero whatever? you don't need any platform looks like now we have tens of currencies that basicly have the same principles yet every shill is so convinced his coin is the one
OMG is not a currency. It is a token which will be used to convert and convey other currencies and fiat through its platform. The value will come from staking. Basically you will get transaction fees from every transaction according to how much token you have.
Logan Robinson
I'm with you man. Lot of biz like to shill and chase shitcoins of the week
Michael White
What the fuck is it doing
John Nguyen
OMG is shit, its only going down from here. You need a high circulation currency, right now im investing in DOGE, good luck to you all and see you on the other side.
Xavier Wood
accumulating before we blast off to $20
Jack Green
sorry to say that, i already cashed out at $12, bought at $2.37, will rebuy when btc finds bottom and double my stack and ride the wave again
John Phillips
If you are so sure about BTC dumping why not just margin trade with leverage and became a millionare.
Julian Richardson
DOGE will never build its reputation from being an obvious PnD
Jonathan Hernandez
>investing in doge obvious b8 is obvious
Jose Thompson
>We're all gonna get rich off a bunch of poor rice farmers who just got the internet. >And then we're going to become the main payment platform for the entire world.
Why are OMG hodlers so delusional? Nobody else has expectations this unrealistic.
Jonathan Russell
also check out my lowest buy in and project harder latefag
Robert Stewart
Well i will be content if that shit even hits 20 before this year ends so i don't care.
Aiden Lopez
lol you bought 54
Do you really think that means shit?
Joseph Jackson
yes i go allin everytime, i don't buy the way up like i already wrote moron. also $33 dollar in, $650 out looks pretty smart to me for lowest buyin, but keep beeing salty latefag
Zachary Davis
Name an altcoin that held it's USD pair better during the past week's dip to
Christopher Brooks
Are we expecting any news to drop this week?
Jose Watson
...
Kayden Adams
So this technology can differentiate asian faces? That sounds top-notch!
Gavin Jackson
I'm down, but I'm a retarded nigger. I have my buttcoins at Coinbase... How do I buy OMG?
Mason Sanchez
Yeah, but that doesn't mean news. Jun is going to be on a panel that should be interesting, and it will probably generate a lot of interest in OMG, making the price go up. But that is no guarantee of news.
Nathaniel Lee
Ark...dummy
Ayden Nelson
pls leave
Evan Bailey
>sign up on bittrex >send btc to bittrex >sell btc for omg
Samuel Evans
Tomorrow
Leo Sanders
This is by far my favourite coin to trade, I haven't had an unprofitable trade from it
Adam Sanders
what pair are you finding most profitable to trade?
Cooper Kelly
>"""relevant""" company
Xavier Flores
This coin has a high market cap and I see it talked up and overhyped endlessly on reddit and social media. Just look at the number of subscribers on their subreddit compared to others with similar market caps. That tells me that a large portion of the market cap is not "smart money" (because people on reddit and here are not smart).
Parker Roberts
I havn't made a single good trade with it. btc/omg is the single worst performance i've put on.
Aiden Miller
I have good vibes about OMG. Long term hodl for me.
Aiden Watson
I'm doing ETH-OMG on Bittrex
Caleb Williams
It was around 250k to 270k the entire time btc was plummeting
Caleb Williams
nice, friend. i don't trade but considering starting to get into it with very small amounts. did you create this spreadsheet yourself?
Thomas Lewis
OMG HAS AVERAGED 270K FOR 10 DAYS. Now these accumulations have been juicy but it has been essentially the same price for over a week. Pretty boring hodl.
Kayden Long
Boring, yeah. Much better than crashing though.
Owen White
Ugh, this is terrible. It takes you 2 fucking posts to say Buy OMG cause "reasons"? Just awful. This is a good example of why Veeky Forums is shit.
John Rivera
I think we're all gonna make it
Adam Barnes
>OMG lets you send money almost free to different assets
>Have to exchange whatever currency you have to OMG first on that site and pay huge comission / exchange fee
>Do the same again on new site
top lel
Robert Jones
Messed up the lower panel, its BTC / ETH ratio not BTC / OMG
tl;dl OMG is now decoupled from BTC logarithmically meaning the likely performance is going to outpace btc by orders of magnitude for the rest of the year
Luis Rodriguez
Well I decided to trade 3.5 buttcoins for this, I hope I didn't just get memed out of half my monies.
Gabriel Cruz
how many omg do you need for staking?
Jayden Davis
...
Landon Morgan
>already at 1 BILLION cap
enjoy the fall
John Morgan
Here's what people are missing by even remotely comparing OMG to any other altcoin.
>OMG IS ETHEREUM. PERIOD
OMG is being given privileged access to Plasma, well before any other token will be able to use it. Read the official OmiseGo user on Reddit. They discuss how they are the ONLY token which will operate on Plasma.
They are essentially officially an Ethereum side chain. Vitalik's involvement is much more than just an advisorship. Omise donated ***$100,000*** to the Ethereum Foundation back in 2014. They saw THAT early that ETH was THAT big and could fork out a sizeable donation when they were only a year old company.
This has been in the works for years. Payments is the first and most obvious dapp use case. Omise set out specifically to grow organically in the perfect market for the years leading up to implementation.
And what's more, as a side chain to Ethereum, they are going to have access to the entire network of ERC20 tokens.
They have a half lap start over every single other alt coin AND have privileged access to superior technology for some time.
So I invite any altcoiner to tell me why ARK or whatever is going to moon -- altcoin's largely redundant technologies are starting from GROUND ZERO in networking.
Omise has every advantage you could possibly hope for.
Ryan Martin
It didn't really dip. If you're measuring its value in btc->fiat then yes it went down but that's stupid
Lincoln Lopez
3500 billion industry
1 bil cap seems reasonable
Hunter Robinson
>token does absolutely nothing >everything based on rumor and hype >1 bil cap reasonable
John Bennett
>>token does absolutely nothing
Did you even read the thread
Benjamin Myers
Omise Go did not dip more than .00030 during the crash, once we return to the reg 4500, Omise Go will be around 15 bucks mates~
BUY BUY BUY
Mason Cook
>Windows 10
Dylan Gonzalez
guys just look at this fucking chart
we are mooning harder than ever this week
anyone who sells below 350k sats is an idiot
Camden Barnes
Did you even read the thread
Lucas Bell
What does anything other than eth or xmr do
Sebastian Ortiz
I'm considering going all in. I already have a lot but...
The market cap is a billion but I could see it going to at least 5 within the next year.
James Gomez
Every countries are creating their own coin. China creates NEO. Korea is also working on their ETH. Why would other countries let OMG earn all the money when they can earn the money themselves?
Ryan Parker
The name of the game is decentralization. Why create your own coin when you can own a large stack of an already successful coin that's going places? They don't know how to make their own and they'll fail at providing anything new.
Have you met the kids in college that go onto work in government? They're not the brightest bunch in their chosen field.
Kevin Rodriguez
God help me user I sold at ATL during chinese dip and I have a hard time getting back in without fucking it up. I still can't even predict if Wall street is going to dump or pump on a Monday.
Colton Richardson
Feeling comfy!
Parker Lee
Are you fucking retarded?
Austin Roberts
what about the chart though? where's your TA
Hudson Young
Any link to Omise funding the Ethereum Foundation back in 2014? I havent heard that one before. If true this token makes a lot more sense and it has a lot more potential.
Deluded omgers stuck in their own little bubble dont even know whats going on in the outside world
Austin Roberts
Uploaded about a year ago, very interesting. I assume this was about the same time that they started dreaming up OmiseGO. Pretty forward thinking of these guys to see the potential of dapps in their field, I can see why Money Skell is on board.
Ethan Richardson
Wait never mind in their whitepaper they claim to have funded the Ethereum Foundation's DEVGRANTS initiative in 2015
Owen Gonzalez
OMG is not fucking currency. Read
Landon Bennett
Kek, you have to have hints of autism in your DNA not to make a profit from this OMG history.
Colton Gomez
thats your problem. dont try to predict ATH or ATL. Not one retard in all of Veeky Forums or wall street can time a market.
Hunter Hall
while I don't think it'll be worht $1500 at least not for like 20 fucking years if it survives that long. I think this is definitely something worth holding, not some useless shitcoin.
Noah Diaz
>Veeky Forums lemme tell ya why you need to buy into this coin that's been pumped all the way to saturn and has been shilled on this board non stop Wow, this coin looks new and exciting!
Dylan Bell
sitting on 492 omisego, most of them bought around 100k, not enough to make me a multi millionaire, but enough for me to have a dream :) :) :)
Ethan Gray
Techcrunch tomorrow at 9:45-10:10 with Bancor/Pantera Capital/OmiseGo. Then stay tuned for a Mom/Daughter team who sell bottled breast milk.
Only the best go first.
Samuel Scott
ark lol
Brayden Lee
look unless you literally saw like 100% gains in one day off no major news, you never sell omisego, it is that special. You hold this to your grave, and leave this shit for your children.
Kayden Reyes
...
Brody Smith
>The value will come from staking. Basically you will get transaction fees from every transaction according to how much token you have.
How exactly?
Xavier Fisher
ARK was my biggest bag since 40 cents, I sold at 3.00 and bought omise go. everyone doubted ark and everyone will doubt omise until its too late.
Colton Rodriguez
>everyone will doubt omise until its too late. This. TOP THREE COIN.
Nathaniel Morales
only dumb no omgers doubt omg. it is the most consistent coin on the market
Eli Martinez
Red candle! fuck! sell! Green candle fuck! buy!
Kevin Adams
Ayo hol up. You be sayin dis nigger gonna be sum taiwanese ETH?
Kayden Walker
So if this shit some how runs off ether. Why not just hodl eth? It's a lot safer of a investment.