Topic: [ANN] CannabisCoin [CANN][X11][Official] Unmoderated General Discussions. - page 142. (Read 492677 times)

You right...sell all you have to me as cheapest as you cann...oops  

It'll keep rising until it hits a real nice amount on the 20th.

Then the dumpers will do their "doody" and we'll see it stabilize for a bit.

I predict it'll hit somewhere between $0.80 and $1.20 on the 20th and sort of maintain that value for a day or two.

Afterwards, I predict the price to hit $2 or $3 by mid-november and slowly rise up to $10 by late December.
2015 will see the value fluctuate between $8 and $11 weekly.

Just a prediction
And a realistic prediction at that

lol def not in a week, but few months probably, maybe new year 

Becoming pretty clear how ridiculous it is to say this will be at $8 in a week.

next few days will be interesting to see if cann price will hold up strong, i reckon it will and probably go alot higher. who knows lol

IIRC they are working with other growers also. Plenty of info in the last 20-30 pages if you can be stuffed reading them

I use a different decimal point then you apparently 105000 kilograms is what I meant.


If the price is determined on the price of CANNdy, the amount of CANNdy needs to keep up with demand, but if as you say there are limits to how much is sold that won't be a problem, you can keep growing the CANNdy to keep up. I am just curious to how they have that in mind.

There's a limit on how much CANNdy can be sold per customer daily or weekly I believe. Your also implying that the entire markep cap of coins is going to be traded for CANNdy...It wont.

Fully acknowledge that it will be a very hard road but putting one foot infront of the other I think the team could achieve their goals.

The legal marijuana economy isn’t a pipe dream. It’s reality.

More than $1.43 billion worth of legal pot will be sold in 2013, and is estimated to increase by 64 percent next year to a mammoth $2.34 billion, according to new research looking at the ever-expanding legal U.S. cannabis market, including analysis of hundreds of medical marijuana dispensaries nationwide.
http://www.takepart.com/article/2013/11/05/americas-legal-marijuana-industry-worth-billions


Economists, reformists, law enforcement authorities and the pro-marijuana lobby, however, have come up with a variety of estimates. Put them all together and you get a range of $10 billion to over $120 billion a year. Such a wide spread is hardly a solid answer.
http://www.cnbc.com/id/36179677


From our survey, we would now estimate that the sales of the combined marijuana stores in the Los Angeles area (geographically, from about the 10 Freeway north to the top of the San Fernando Valley) is probably at least $1 billion to $1.5 billion per year. It should be noted that this is the estimated sales for the openly operating medical marijuana clubs. These are clubs that advertise openly in local papers and on the Internet. Many of them have catalogs of their current products on the Internet. People who buy from these clubs must either be qualified medical marijuana patients, or they must be registered caregivers for qualified patients.
http://www.marijuanabusinessnews.com/How_big_is_the_marijuana_market.aspx

There is plenty of room for this coin to go up. Billions of dollars of weed is being sold legally a year in the US.

Only 105 kilos? So that's like 2 full bags, such small amount needed or I misunderstood you?

Yep.  Don't get me wrong if the price goes up a shit ton then it could work.  Just saying it has a long way to climb.

I agree it is going to be very hard to get that much cannabis out there, even if it is for patients. With all due respect. I hope you guys succeed, but it seems a bit farfetched. You need 105,000 kilogram of cannabis to back total marketcap. Is there even that much demand? I have no idea, the question maybe is, does that facility in the video even grow that much? Or are there more facilities?

I like the idea of it and the major work already gone into Cannabiscoin. Hopefully it works out, but a long road ahead. We'll have to see the 20th how it is proven that a transaction of one CANN for one gram of CANNdy is done. Is there news coverage? Is there a dev video? Coindesk or Cointelegraph coverage? Etc. Etc. These things are important and hopefully Delta and the rest of the crew have thought of all this. Otherwise it is going to be a sad ride for a lot of investors.

453.59237 grams = 1 pound

453.59237 coins/grams x current cost of 6500 sat per a coin =  2948350.405 sat

2948350.405 / 100,000,000 x the current BTC price of 395 dollars = $11.65 per pound.  

In other words if you believe that you can get 1 gram of weed for 1 coin your already high and don't need dope.

luckily i grabbed 11k at 1175 sat maybe 5 days ago. very exciting indeed  

ok im just now hearing about this coin, in the op it says 1 cann = 1 gram of candy weed...

so if i mine a few or buy a few coins can i just trade them up with you... =D

Market cap #18 now, wow.  Today has been a busy day for the markets.

you're right its still pretty cheap to buy a lot now

Dude,if you don't think that's cheap,see ya after 20   

Freaking awesome coin!  I started mining on Sat, and now the diffaculty has skyrocketed. wow!

The rise in price surelly got the attention of a couple of miners ...

I think it's a good thing to secure the network but also because I know a couple of miners that only really start to follow a coin once they mine it.

Last week Network was at 6-7 GH/s and this afternoon, I've seen 50 GH/ s. It's insane !

A special to all the poeple that say mining doesn't have a good rentability without free electricity ...