Markus Hyytinen
Author Archives: Markus Hyytinen
Markus Hyytinen is a Mathematics teacher (B.Sc.) and a cryptocurrency enthusiast. His other hobbies include tabletop roleplaying games and LAN parties. He has been staying up to date on new blockchain projects since 2017 and predicts the Ethereum flippening to take place in Q3 2018.
In my last article, I reviewed the DAI stablecoin. The Maker Token (MKR) is a stellar example of a functional token. The token holders govern the Maker system and their actions affect the price of MKR. Read on to discover more.
Take a look at my YouTube video to learn more about Maker.
Name: Maker
Ticker: MKR
Launched: 23th August 2015
Type:Â Cryptocurrency, ERC-20 token
Short Review: The Maker Coin (or Maker Token) is an investment into the Maker Project. Ownership of MKR permits taking part in the maintenance of the Maker projects, like the stablecoin DAI and the ecosystem around it. The value of MKR is based on the successful maintenance of the projects and use of the products.
Maker is an interesting token and may give great returns in the future if Dai/MKR projects succeed. On the other hand, investing in cryptocurrencies always involves risk. If you want to learn a more secure way to earn money online, have a look at this step-by-step training.
What Is Maker and How Does It Work?In a previous article, I explained the DAI stablecoin, valued at 1 USD. I recommend reading that article first, or the terminology used here might be confusing. The parameters for DAI generation are set by holders of the MKR token via vote. The parameters include but are not limited to:
1. Target Price
The target price of DAI is currently set at 1 USD.
2. Target Rate Feedback Mechanism
MKR holders vote on the Target Rate and the Sensitivity Parameter. They can also disable TRFM altogether, keeping the Target Price locked.
3. Risk Parameters
The Risk Parameters for the currently available CDP is set at 150% collateral for every DAI generated. The MKR holders can vote to allow users to create more risky CDPs (less collateral per DAI) or alternatively require more collateral per DAI. The Risk Parameters also include the fees users pay when their CDP is closed due to prices dropping or paying off the loan.
4. Global Settlers
MKR holders appoint and determine how many persons are required to trigger a Global Settlement, a last-resort stability mechanism, for the Maker Platform.
What is the benefit of owning MKR? How will the price go up?
1. Closing CDPs destroys MKR
When a user closes a CDP by destroying an amount of DAI equal to the amount they created using it, they have to pay a small interest fee issued in MKR. This MKR is destroyed, thus reducing the supply of MKR and increasing its price.
As the demand for the DAI stablecoin increases, users keep creating new CDPs and eventually close them to regain their collateral. The more popular DAI becomes, the more MKR is destroyed as interest fees, increasing the price of MKR.
2. Floating price on exchanges
MKR is an ERC-20 token that can be traded on exchanges. Like most tokens, the price of MKR floats according to supply and demand. This makes MKR a viable long-term investment, unlike DAI.
There are also mechanisms that cause the value of MKR to drop.
1. Automatic recapitalization
If the collective collateral pool becomes less valuable at some point than the total amount of DAI in circulation, the system creates new MKR and sells it to fill the collateral pool. This dilutes the supply of circulating MKR, decreasing its price. Ultimately this means that the MKR holders are responsible for keeping DAI sufficiently backed and have to pay if it becomes undercollateralized.
2. Hacking
Even though the project is over 2 years in making, they still list malicious attacks on their smart contracts as the primary threat to the system. The project aims to combat this via external security audits and formal verification of the smart contract code. Looking at the roadmap and other ongoing work, this does indeed seem to be the case.
There are 44 people currently working on the MKR project. The sizeable team has done a good job with transparency. They hold weekly voice calls with MKR holders to describe progress and debate changes. In the picture below you can see the leaders of Maker team.
Reddit: 3k
Twitter: 6k
Rocketchat: 3k
The community is active and a significant fraction of it is interested in the development and maintenance of the product. This token is highly technical and as such the userbase would seem to attract blockchain experts and veteran investors.
DAI was released in December 2017. The price of MKR has almost doubled since then. We can expect a significant increase in users when multi-currency CDPs become available. If more cryptocurrency exchanges begin to use DAI instead of Tether like the Bibox exchange has already done, MKR will benefit.
I predict mostly speculative price action for MKR in 2018. The current CDP volumes, while significant, are not enough to affect the price of MKR. That said, I predict that the FUD surrounding Tether will benefit DAI and MKR. Additionally, huge news like a major exchange listing can spike the price up. Finally, MKR benefits from any bullish trends in ETH.
2018: Short periods of 1500$ – 2000$ price range, unable to break 2000$.
2019: Overthrowing Tether combined with bullish ETH for 4000$-5000$, otherwise steady growth towards 3000$
MKR is an exceptionally complex and risky token. Overthrowing Tether as the leading stable cryptocurrency is a gargantuan task, but the solid technology behind the project makes this a viable goal. Unlike many other tokens, whose value is mostly speculative, MKR has a ready product (DAI) and a clear, transparent system in place connecting the investor token with the product.
I see MKR as a reliable investment even at the current quite high price. However, even more so than usual, I urge you to understand this complex token before investing in it. Staying up to date with the project and predicting major releases by participating in the weekly calls will allow you to stay ahead of the game and move before the market does on MKR.
This token is especially good for purchasing dips. If bad news like hacking or a Global Settlement happens, the price can drop a lot, only to recover later due to the stable demand for DAI generation.
(Note by Roope):Â
Maker is certainly an interesting cryptocurrency and I consider investing in it in the future. I think that stablecoins are a great step forward when moving into mass adoption of cryptocurrencies. Many people want that the value is predictable and doesn’t move up and down 20% in a day.
That’s why I believe that coins like Dai and Tether may have a great future. It means also that MKR could potentially go up significantly in value.
I am holding the most of my money in cryptocurrencies and they have given me great returns over the years. If you want to learn how I make money with cryptocurrencies, take a look at my step-by-step course on Udemy. I share it for 95% for my website visitors and social media followers.
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What do you think about MKR?
Do you think exchanges will move from Tether to DAI?
Do you think hacking is a risk for tech-heavy projects like MKR?
Is MKR worth buying or not?
How much will the value be in the future?
(Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice.)
Normally the cryptocurrency articles here cover potential investments. DAI, however, stays firmly priced at 1 USD. What makes it so special, then? DAI is the first decentralized stablecoin and also the first one that has legitimate backing. Read on to find out how.
Name:Â Dai
Launched:Â 17th December 2017
Type:Â ERC-20 token, price stable at 1 USD
Short Review:Â DAI is an ERC-20 token built upon a complex, decentralized backing system that ensures its price is fixed at 1 USD. Anyone can create new DAI by locking cryptocurrency within a smart contract. The cryptocurrency can be freed by paying the same amount of DAI and a small interest. DAI possesses the most robust technology out of all current stablecoins, avoiding the pitfalls of Tether.
You can use Dai to make more money with cryptocurrencies if you can predict market movements well..
DAI Stablecoin Review
DAI is the primary product of the Maker/DAO Project. The online Maker Platform allows users to create new DAI by locking cryptocurrencies in their smart contract as collateral used to back up the stability of DAI. The Maker platform has many means available to keep the price of DAI stable. Currently, the price of DAI is 1 USD and every DAI is backed by at least 1.5 USD worth of Ethereum.
Dai Whitepaper starts by simply explaining why we need it.
The price of cryptocurrencies go quickly up and down so stablecoins like Dai and Tether want to provide an opportunity where you can hold your cryptocurencies in a stable way instead of transferring your money into fiat currencies.
There are multiple mechanisms in place to keep the price of DAI stable. Here I will briefly go through them all.
1. Collateralized Debt Position (CDP) Smart Contracts
To create new DAI, a user must send cryptocurrency into a special smart contract using the Maker platform. Currently, only Ethereum is supported (Dai v. 1.0), but later versions during 2018 aim to allow other cryptocurrencies as well, like Bitcoin or Bitcoin Cash.
Within the smart contract, the cryptocurrency can be converted (or “wrapped”) into an ERC-20 token, which allows it to be used within the Maker platform. The ERC-20 token corresponding to Etherum is “Wrapped Ethereum”, ticker W-ETH. W-ETH has used on its own: in addition to its use on the Maker platform, it can be traded for other tokens on two exchanges: Oasis DEX and Radar Relay. Later when other cryptocurrencies can be wrapped as well, those exchanges will see much more traffic.
Within the Maker platform, W-ETH can be deposited into the collective cryptocurrency pool that backs the DAI stablecoin. This turns the W-ETH into P-ETH (“Pooled Ethereum”). The P-ETH token denotes the holder’s share of the whole collateral pool within the system.
P-ETH can be “locked” by creating a CDP within the Maker system. This allows for the creation of new DAI. The user can “draw” new DAI from a CDP up to 2/3 of the value of the P-ETH locked within the CDP. Managing CDPs is kind of complicated, but it boils down to 1) If the value of ETH goes up, the CDP can be used to create more DAI. 2) If the value of ETH goes down so much that the locked P-ETH is worth less than 150% of the amount of DAI drawn, the system automatically sells some or all your P-ETH to cover the debt and a penalty fee.
2. Target Rate Feedback Mechanism (TRFM)
The Target Price of DAI is currently set at 1 USD. If the price of DAI on exchanges changes from that amount, the Target Rate Feedback Mechanism activates.
If the price of DAI rises above 1 USD, TRFM activates, causing generation of DAI with P-ETH become less expensive (less collateral needed to generate new DAI). This encourages a generation of new DAI, thus increasing supply and decreasing the price of DAI back to the target price of 1 USD.
Vice versa if the price drops below 1 USD, TRFM causes generation of DAI to become more expensive (more collateral needed to generate new DAI). This causes the circulating supply of DAI to diminish as people hold the coins waiting for the price to increase instead of generating new DAI, causing the price to rise.
The parameters for activating TRFM, that is, how much the price needs to drop or rise for the mechanism to activate, are set by the owners of the Maker Token (MKR). I will write an article on MRK in a few days.
Dai holds the same price with USD and therefore is not a volatile cryptocurrency like Bitcoin.
3. Global Settlement
This is the dramatic last-resort mechanism used to guarantee the target price of 1 USD.
A group of people elected by the Maker Token holders can initiate a global settlement, but activating it without a good cause hurts the value of their own holdings (more on this in the upcoming MKR article). Good causes include strong external price manipulation, a rapid (more than 33%) drop of the value of ETH or technical upgrades to the system.
When a Global Settlement is called, the price of ETH is frozen in place, and CDPs cannot be utilized in any way until the Global Settlement is over. Every CDP owner and DAI holder can withdraw ETH from the Maker platform equal to the value of their W-ETH, P-ETH, and DAI at the time when Global Settlement was initiated. There is no time limit for this. The Global Settlement essentially guarantees the price of DAI at 1 USD in times of crisis via freezing all assets inside the system.
1. Tether
Why would people use a complex system like DAI when they can use a more widely-used stablecoin, the USD Tether (USDT)?
There is a minor and a major reason for that. The Maker platform allows for leveraged investing in ETH via the CDP system in a completely decentralized environment, which is a new, original idea. The DAI token hence provides more utility than only the stability.
The major reason for using DAI over USDT is transparency.
Only an unknown fraction of USDT is backed by existing assets. Its value is mostly tied to widespread use. If the trust in Tether is broken, causing a bank run, investors will lose money. Meanwhile, DAI is over-backed (150%) and has multiple systems set in place to guarantee that owners of DAI can convert their DAI to dollars themselves if they wish to do so.
2. Hacking
As an ERC-20 token-based system, the Maker platform shares possible vulnerabilities with Ethereum. The code will be fully reviewed by external auditors in the future according to the project roadmap.
The DAI coin runs mostly on an automated, decentralized system. It is overseen by owners of the MKR token, called Makers. More on this in the MKR token review, released in a few days.
Reddit: 3k
Twitter: 6k
The price of Dai is alwasy supposed to stay at $1. Its highest point was ~$1,10 and the lowest price $0,85 momentarily but it always comes back to $1.
As a stablecoin, DAI is very much alike Tether in its uses. Check out Roope’s review of Tether here.
DAI is less widely used for trading than USDT. At the time of writing this, only a few decentralized exchanges like ForkDelta, IDEX, Radar Relay or OasisDEX (The Maker Platform’s own DEX) and a single centralized exchange (Bibox) had DAI trading pairs.
On the other hand, DAI is much safer than Tether in the rare Black Swan event of Tether collapsing. If Tether would crash, it could attract more users to DAI, which in turn would boost its development and grossly increase the price of the Maker coin, MKR.
Additionally, the CDPs on the Maker Platform can be used to do leveraged purchases of ETH. That is an advanced, risky investing strategy: By creating new DAI, buying ETH with it and using that ETH to create even more DAI you can create a geometric series to double or triple your initial ETH.
Personally, I don’t see value in that because the risk for a 30% drop in the price of ETH is significant. However the option to do so exists, and the Maker Platform is currently the most advanced decentralized system for that.
DAI is one of the most interesting stablecoin projects so far, and one I would personally love to see overtake Tether. If a transparent and credible coin like DAI was widely used, crypto critics would have less basis for their FUD.
In itself, there is little reason to invest in DAI, but it is important to understand the technology behind cryptocurrency projects to correctly judge their long-term value. If you understand a complex system like DAI, you are well set on your path to cryptocurrency investing.
Note by Roope:
I believe that stablecoins like Dai and Tether are great steps towards the mass adoption of cryptocurrencies. I believe that almost anyone who has invested in cryptocurrencies in the long term already in 2018 or before will make huge profits over the time course.
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What do you think about DAI?
Does DAI being quite complicated hurt its potential usage?
DAI vs. Tether, which is one better?
(Disclaimer: The above references an opinion and is for information purposes only. Â It is not intended to be investment advice.)
Short version: Easy airdrop of SPS potentially worth about 2$ here.
In an airdrop a token issuer or promoter offers free coins/tokens to participants. Some cryptocurrencies or tokens are completely airdropped instead of an ICO distribution, but mostly airdrops are used as a means to make a new project known to the world.
While keeping up to date on new potential investments to review here, I often stumble upon airdrops as well.
At the bare minimum to participate in an airdrop a user needs to give a valid ERC-20 compatible wallet address for the tokens to be deposited into (I suggest Metamask but Mist and MyEtherWallet are ok as well).
Sometimes participants are also required to join the project’s Telegram channel or leave their real name or email address for identification purposes. If an airdrop requires a participant to do active advertising on the behalf of the project on their own, for example writing favorable reviews or social media messages, the airdrop is called a bounty.
Unfortunately, many if not even most airdrops out there are phishing scams or empty promises, without an actual airdrop ever happening.
In December 2017 I went through a few public airdrop listing websites and found only three legit airdrops out of around 30 that weren’t bounties or scams. (One of them would have been worth 250$ (POLY)… And I failed to participate in it due to a cookie blocker on my browser being active…)
After that miserable experience, I haven’t used airdrop listing sites. Still, every time I stumble upon a legit airdrop while looking for profitable ICOs, I notify Roope about it. This time I’ll share one with you guys as well.
Project: SuchApp
Ticker: SPS
Product: Social media application with embedded cryptocurrency
Telegram cap: 12k/50k as of 18th February 2018
Airdrop requirements: ERC-20 wallet address, joining Telegram group, email confirmation
Airdropped amount: 21 SPS
Bounty: Yes, 20 extra SPS per referral
Post-ICO peak price prediction of token: 0.13$
Link to Airdrop: Link (referral link for Markus)
ICO start date: 26th February 2018
Airdrop date: 20th April at latest
Special notes: None
There you have it! Around 2$ might not seem much but it’s the best free money you can get in cryptocurrencies without any investments in real money! I didn’t deem SuchApp as a safe enough investment yet to warrant an ICO recommendation post.
84Still, this is a project I’ll be watching closely this July when they’ll release the beta version of the SuchApp social media platform. If this project is worth investing in, we’ll tell you in July/September!
Future airdrop posts will be much shorter than this because I won’t write the introduction about what airdrops are.
“We need to make a dent in the universe.” – Steve Jobs
Dent is in an exciting place right now. Many new altcoins have been listed in exchanges between December and January, Dent being one of the first. Dent has a unique niche along these coins in having a fully viable product already released, and the initial price bubble already burst. In this article, I will analyze the Dent product and the price of the DENT token.
Name: Dent
Ticker: DENT
Launched: ICO on July 2017, First app release on 12/28/2017
Type: ERC-20 token for mobile app currency
Short Review: Dent is an app for selling mobile data. At the moment, users can use the DENT token to pay for mobile data for specific carrier users in USA and Mexico. Later on, users will be able to sell their unused data on the Dent app marketplace. Dent can also be used to completely bypass roaming data fees.
Investing in Dent tokens can make you big returns but it also involves risk. If you prefer proven ways for making money online, I recommend having a look at this step-by-step training.
A local data provider (let’s call it Carrier A) agrees to participate in the Dent marketplace. This allows users of Carrier A to receive data packages via the Dent app. The recipient of mobile data doesn’t have to pay anything.
There are two ways to purchase data within Dent. The first method is to purchase data packages directly from the carriers. The carriers have pre-negotiated different prices for different sizes of data packages, and those are always available for purchase in the Dent app. The data packages are paid using the DENT token.
The recipient of the purchase must be using the network of the carrier that the data package was purchased from. The buyer can select himself as the recipient. This method can be used to give mobile data gifts to friends, circumvent roaming costs, or just to use cryptocurrency to pay for mobile data. This method is currently available for all Dent app users.
The other way to purchase mobile data via Dent is the user-to-user marketplace. This functionality of the Dent app will become available in Q3 2018. Dent app users can purchase mobile data packages that other users of the same carrier have put up for sale on the marketplace. The price for mobile data packages will fluctuate based on supply and demand.
Additionally, the competition will continuously push the data price below the price of “official” prepaid data packages issued by the carriers themselves. Users can purchase data when the price is low, benefiting from the system. This method of purchase will be highly useful for customers in countries with limited data package availability, corruption in data package sales or difficulty to pay for mobile data using fiat money.
I will explain this with an example: A Dent user is a customer of carrier A. She travels to a country, where carriers B, C and D are available. Normally, her mobile would automatically use whichever out of the carriers B, C and D has the cheapest roaming data agreement with carrier A.
Any mobile data she uses will however still be routed via carrier A, which is very cost-ineffective. If carrier A and any of the other carriers have Dent support, she can purchase the cheapest data package she can find in the Dent app instead of paying expensive roaming fees.
The data will be routed directly to the local carrier, which is faster and more cost-efficient. This can even enable her to purchase data from carriers that do not have a roaming agreement with carrier A.
The Dent mobile data prices fluctuate around the price available for local mobile users of the country, so it is highly probable that she will get a better deal via the Dent app than roaming. This functionality is currently available to a few carriers in USA and Mexico. New carriers will be added in Q1 and Q2 2018, and user-to-user data selling will be available in Q3 2018.
This functionality will unlock on Q3 2018. If a Dent user thinks that he will not use all of his mobile data (prepaid or monthly subscription), he can sell any percentage of it on the Dent marketplace. He will select an amount of data to sell and a price in DENT. His carrier will approve the sell order, and it will be placed on the Dent marketplace. Any Dent user in the carrier’s area can pick up the order.
The carrier and the Dent company will take a cut from the sale and the seller will receive the rest of the DENT tokens. This is very profitable to the carrier because they will receive a cut from data that they had already sold to the user who placed the sell order.
Dent roadmap for 2018
Many start-up companies hold ICOs due to the huge hype surrounding them. It is a legitimate question whether a given company is actually using the blockchain technology as an integral part of their product or just pumping ICO money selling out tokens that are of little more use than as a certificate: “I supported company X and all I got was this lousy token!” There are two reasons for Dent to utilize the blockchain.
Ethereum smart contracts are a pre-existing infrastructure for making verified contracts between clients. The Dent company does not have to program a platform for carrier-to-user interaction and secure money transfer because it already exists and is simple to utilize. This allows for a rapid release of the application and its features. In fact, the iOS app is already released and the Android app will release in Q1 2018.
In parts of the world where the government cannot be trusted with fiat money transfers, cryptocurrencies are breaking through in everyday life. A customer can feel safer to purchase mobile data via the Dent application than to give their payment information to a shady mobile data reseller.
Another example would be mobile prepaid SIM cards bought from the street. They will always have a margin to take off the wealthy, unexpecting tourist. With Dent, the tourist can keep her own mobile number while aboard and not suspect her money to the corrupt system either via cash or credit cards.
If no carriers in a geographical area join Dent, users in that area cannot receive data packages via Dent. For the platform to succeed, it’s vital that new carriers keep joining. Currently, only four carriers are supporting Dent (two in USA and two in Mexico). If more carriers don’t join by Q2 2018 as promised by the roadmap, the investors will be displeased.
Oppressive regulations, hacking or customers losing faith in the blockchain technology can cause customers and carriers to lose interest in Dent.
The team behind Dent is solid. The core team is from Finland, a country with an excellent mobile startup infrastructure and communications technology expertise. This shows in the background skills of the founders. They also have an expert experienced in working with carrier companies, and two people specifically planning for the Asian market. Dent launched a new operations center in Hong Kong in January 2018, which is a good sign for the Asian carrier cooperation.
Compared to other startup altcoins, Dent has a large Reddit, Twitter and Facebook community but only a mediocre Telegram group. The early date of the Dent ICO is a possible explanation for this. A community structure like this signals to a more tech-oriented than a hype-oriented userbase (investing in a promising technology instead of hype). This is a good sign, as it implies less FUD than hype-pumped altcoins.
Let’s have a look at the price chart.
The value of the DENT token, as determined by exchanges, is used as the value of the DENT token in the Dent app. The higher the value of DENT, the fewer tokens users need to pay for their data. When the price of DENT is high, mobile data customers benefit from the increased purchasing power. When the price of DENT is low, investors and mobile data customers want to purchase DENT, increasing the price. This is the mechanism behind the value of DENT.
DENT can be transferred to the Dent app from exchanges and ERC-20 wallets, but not vice versa. This causes the value of DENT to be settled by exchanges first and in-app usage only second.
DENT reached the usual 4x-5x post-ICO pump in early January after the iOS app was released. The price has seen a steady decline since then, as early investors have sold their coins and the core product (mobile data trading) isn’t yet very functional due to the limited amount of carriers available.
DENT is one of the cheapest altcoins out there, with a huge circulating volume of 70bn DENT and price well under 1$. This fact, combined with the solid product idea and an already released product is enough to make a strong and liquid market around DENT. The token is a prime candidate for traders playing the dips and spikes of the price. I don’t think that DENT will crash to zero on its own this year.
As far as DENT price predictions go, it will ultimately depend on the success of the product and advertising. The Android app release is within weeks of the time of this post, which will probably cause a price spike due to the hype. I predict the price will peak just before the app release, and drop afterward unless the team combines the Android app release with new carriers.
News of carriers joining Dent can increase the price temporarily, but the real value of them is increasing the long-term viability of the product and enlarging the userbase. The first Asian carriers joining will be an important milestone for DENT and watching the price after the first Asian data packages become available will be a signal for the late-2018 price for DENT.
A successful Telegram advertising campaign can temporarily cause the price to bubble, especially if it is released during a time when no new carriers are in sight.
As for DENT’s long-term value, it will completely depend on carrier availability and the team meeting the Q3 release for mobile data selling.
Reaching around 0.04$ at least once before Q3 2018, after which it will either grow steadily upon a successful mobile data seller market or grow rapidly due to many carriers joining the system. 2019 prices will completely depend on carrier adoption.
I suggest DENT as a short-term investment. Purchase DENT at under 0.02$ and sell it between 0.04$ and 0.05$ during the Android app launch hype. You should have a chance to buy more on during the lull between the Android app launch and carrier announcements. Watch out for rapid price changes due to many traders trading the coin. Stay calm.
After the carrier news start kicking in, you may raise your purchase level to 0.04$. If you feel that too few traders have joined Dent (no European carriers joining is a bad sign), a decent exit spot is in Q3 2018 just before the mobile data selling is enabled. True long positions will not be realized before 2019, but the price could well reach the 0.1$ to 0.2$ range if enough carriers join.
Myself, I will take the 2x profits from DENT by buying now and selling when the price hits 0.04$. I will restock a long position in the post-Android app launch dip and hold it at least until Q3 2018, possibly into 2019 if I deem the carrier support stable enough.
In the end, DENT is a quite safe short-term investment, and a medium-risk long-term investment (it’s not high risk due to the predicted safe exit point before the seller market release). DENT is a great first token to buy due to its low price and good short-term prospects. If you are looking for a guide on cryptocurrency investment, check out Roope’s Udemy course.
This is my first article on the site. Feel free to leave feedback in the comments section, or ponder one of these questions:
Do you think more carriers will join Dent?
Short-term or long-term?
How will opening the seller market affect the price of DENT?
What countries will benefit the most from Dent?
…Is DENT worth buying or not in the end?
(Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice.)