[ANN] CannabisCoin [CANN][X11][Official] Unmoderated General Discussions. - page 97.

Edraket31

hero member

Activity: 1190

Merit: 511

Quote from: Unpredictable on October 16, 2014, 07:02:40 AM

Right now the CANN is worth about $0.03 and nothing less or more. The market determines the price, and as always we don't know how will it look tomorrow.
I think we're near the new bottom and the rally will begin again soon.

Looking at current price, 700k coins need to be bought to bring the price back to 9.5ksat
that is 700.000gr = 700kgs
For the time being only sold at 1 distribution point, people are only allowed to use 3 coins p/day to buy CANN.....
start to understand why the price is far away from 1gr=1coin

The influence from real life users, buying with coins is too small (for the time being)

IdiotInvestor

member

Activity: 86

Merit: 10

Quote from: seedtrue on October 16, 2014, 07:25:43 AM

I'm sorry I did not read entire thread. Can someone help me understand something?

It is advertised that 1 CANN = 1 Gram of Candy Marijuana. Is there a limit on amount someone can buy? There are going to be 106,000,000 coins. There is 454 grams in a pound. 106,000,000/454 = 233,480 pounds.

The numbers just do not add up for me. Do you have access to over 100,000 Kilo's of Candy?

Don't get me wrong, I am a fan of CANN. I just want to understand the stakes a little better.

It is a commodity that is literally growing. It is pledged one coin = one gram. There are limitations right now of so many grams per day. As things progress more facilities and more dispensaries. The value of the coin will always be one coin = 1 gram of this specific strain. As more markets, dispensaries and grow facilities come, the more solid this coin becomes.

Damadegyptian

member

Activity: 69

Merit: 10

Stupid is as stupid does Wink

- Forrest Gump

seedtrue

legendary

Activity: 963

Merit: 1002

Quote from: comando on October 16, 2014, 07:27:55 AM

Quote from: seedtrue on October 16, 2014, 07:25:43 AM

I'm sorry I did not read entire thread. Can someone help me understand something?

It is advertised that 1 CANN = 1 Gram of Candy Marijuana. Is there a limit on amount someone can buy? There are going to be 106,000,000 coins. There is 454 grams in a pound. 106,000,000/454 = 233,480 pounds.

The numbers just do not add up for me. Do you have access to over 100,000 Kilo's of Candy?

Seriously people, read first..there are just a few posts before yours discussed abt this..

comando

member

Activity: 193

Merit: 10

Quote from: seedtrue on October 16, 2014, 07:25:43 AM

I'm sorry I did not read entire thread. Can someone help me understand something?

It is advertised that 1 CANN = 1 Gram of Candy Marijuana. Is there a limit on amount someone can buy? There are going to be 106,000,000 coins. There is 454 grams in a pound. 106,000,000/454 = 233,480 pounds.

The numbers just do not add up for me. Do you have access to over 100,000 Kilo's of Candy?

Seriously people, read first..there are just a few posts before yours discussed abt this..

IdiotInvestor

member

Activity: 86

Merit: 10

Quote from: minerjoen on October 16, 2014, 07:03:31 AM

Quote from: Ed4252 on October 16, 2014, 06:57:53 AM

Quote from: rustynailer on October 16, 2014, 06:56:34 AM

Quote from: Ed4252 on October 16, 2014, 06:50:48 AM

so the dev has 106 million grams of that stuff? lol

lol

You should read before you post, he doesn't need that much, its 3g per person a day.

then that means 1 CANN isn't actually worth $10. it's worth much much less.

hu? are u stoned or something haha?

If 1 gram is 10 dollar, then the coin will be around 10 dollar.

if 1 gram is 2 dollar, then the coin will be around 2 dollar

Still dont understand? Cheesy

drink 1 glass of coca cola and eat some canndy Cheesy

when more countrys goes accept this coin, this coin can goes to 100 dollar, so u pay 0,1 coin for 1 gram. I guess this is some logical situation if it will go to 100 dollar for 1 coin.
I guess now, if the coin will be 1 dollar at monday, and the normall price for 1 gram is 8 dollar. That they will take the lost at 7 euro for love.
This is also good advertising ofc.

For real. The value of the coin is not based on the usd, the value of the coin is based on one gram of an exclusive strain. That's the whole point.

seedtrue

legendary

Activity: 963

Merit: 1002

I'm sorry I did not read entire thread. Can someone help me understand something?

It is advertised that 1 CANN = 1 Gram of Candy Marijuana. Is there a limit on amount someone can buy? There are going to be 106,000,000 coins. There is 454 grams in a pound. 106,000,000/454 = 233,480 pounds.

The numbers just do not add up for me. Do you have access to over 100,000 Kilo's of Candy?

Don't get me wrong, I am a fan of CANN. I just want to understand the stakes a little better.

valkir

legendary

Activity: 1484

Merit: 1004

Can get any sync. Do you guys have some node to add??
Thanks Grin

ohmydoge

newbie

Activity: 14

Merit: 0

Some of you are only focusing on physical locations. I see a huge market online too on legal sellers, a lot of people have the right to consume but just don't want their bank to know it, it's the perfect tool for them. It's a billion dollars industry where privacy matters.

minerjoen

hero member

Activity: 644

Merit: 500

Quote from: Ed4252 on October 16, 2014, 06:57:53 AM

Quote from: rustynailer on October 16, 2014, 06:56:34 AM

Quote from: Ed4252 on October 16, 2014, 06:50:48 AM

so the dev has 106 million grams of that stuff? lol

lol

You should read before you post, he doesn't need that much, its 3g per person a day.

then that means 1 CANN isn't actually worth $10. it's worth much much less.

hu? are u stoned or something haha?

If 1 gram is 10 dollar, then the coin will be around 10 dollar.

if 1 gram is 2 dollar, then the coin will be around 2 dollar

Still dont understand? Cheesy

drink 1 glass of coca cola and eat some canndy Cheesy

when more countrys goes accept this coin, this coin can goes to 100 dollar, so u pay 0,1 coin for 1 gram. I guess this is some logical situation if it will go to 100 dollar for 1 coin.
I guess now, if the coin will be 1 dollar at monday, and the normall price for 1 gram is 8 dollar. That they will take the lost at 7 euro for love.
This is also good advertising ofc.

Unpredictable

sr. member

Activity: 292

Merit: 250

Right now the CANN is worth about $0.03 and nothing less or more. The market determines the price, and as always we don't know how will it look tomorrow.
I think we're near the new bottom and the rally will begin again soon.

Ed4252

full member

Activity: 204

Merit: 100

Quote from: rustynailer on October 16, 2014, 06:56:34 AM

Quote from: Ed4252 on October 16, 2014, 06:50:48 AM

so the dev has 106 million grams of that stuff? lol

lol

You should read before you post, he doesn't need that much, its 3g per person a day.

then that means 1 CANN isn't actually worth $10. it's worth much much less.

rustynailer

hero member

Activity: 725

Merit: 501

Boycott Qatar 2022

Quote from: Ed4252 on October 16, 2014, 06:50:48 AM

so the dev has 106 million grams of that stuff? lol

lol

You should read before you post, he doesn't need that much, its 3g per person a day.

Virtuoso

legendary

Activity: 1120

Merit: 1002

Quote from: Ed4252 on October 16, 2014, 06:50:48 AM

so the dev has 106 million grams of that stuff? lol

If this is your real opinion... then you shouldn´t trade... go buy a book about economics... Cheesy

you are so funny Cheesy

Ed4252

full member

Activity: 204

Merit: 100

so the dev has 106 million grams of that stuff? lol

ciccas4

sr. member

Activity: 251

Merit: 250

Still trying to understand Who is selling at this prices??they aren't cheap,they're totally no sense for something so huge...

rustynailer

hero member

Activity: 725

Merit: 501

Boycott Qatar 2022

If I new nothing about crypto and if I was in the shop on Monday and the option was to buy 1 gram with cash for $15 or buy 1 canna coin for $5 and then exchange that coin for 1 gram of weed then, it is a no brainer. I would buy as many of these coins as I could afford.

ohmydoge

newbie

Activity: 14

Merit: 0

Quote from: surestrike on October 16, 2014, 06:25:39 AM

"It may be $8. On October 20th, patients and press will be there. The deal is: 1 g = 1 CANN, up to 3g each time. What are people going to do?"

Buy 3 coins, so they can get 3g of herb.

What is the maximum amount of patient can buy in any one month?

Ahah they're not gonna buy 3 coins for $0.04 each = $0.12. They'll drop $20 minimum, maybe $50 if they love the project. We know what happens everytime public discover a cryptocurrency. Dogecoin community was essentially made of new people, it will be the same for CANN.

surestrike

full member

Activity: 168

Merit: 100

"It may be $8. On October 20th, patients and press will be there. The deal is: 1 g = 1 CANN, up to 3g each time. What are people going to do?"

Buy 3 coins, so they can get 3g of herb.

What is the maximum amount of patient can buy in any one month?

Because, has no one worked out how much buy support it will take to get back to 15k? A ton of BTC. If it break 15k again, it will get interesting.

ohmydoge

newbie

Activity: 14

Merit: 0

Quote from: dominikf on October 16, 2014, 05:00:54 AM

Quote from: Edraket31 on October 16, 2014, 04:59:17 AM

Quote from: minerjoen on October 16, 2014, 04:27:16 AM

Quote from: Edraket31 on October 16, 2014, 04:24:21 AM

Quote from: minerjoen on October 16, 2014, 04:21:20 AM

Quote from: Edraket31 on October 16, 2014, 04:20:28 AM

anybody who can explain me why the price is not even close to the price it should be traded in real life on 20-10?

no worry about that Cheesy

any fundamental explanation?
Correct me if I am wrong but on 20-10, Cannabiscoin should be traded real life for a price of more or less 0.02 and it is now at 0.000093
I don't get it (if the numbers are correct)

the explanation will be that the price will rise before that.
Look at the price from cann coin at 2 weeks ago:)

And ofc we can all help the coin owners to make a rising price..

It is still not logical for me why the price is that far away from the price which it should be on 20-10
Any reasons for that (except that it will rise in future)?

I for one don't think it's possible also. There would be so many people buying CANN in only 4 days. 1$ each is maybe possible.

It may be $8. On October 20th, patients and press will be there. The deal is: 1 g = 1 CANN, up to 3g each time. What are people going to do?

1) invest ("oh, it's like this thing, the Bitcoin, I will not miss the train again")
2) buy to get cheap 3g each time ("eh, this coin is so cheap, I can invest in it AND get cheap weed")

Even $50M market cap is NOTHING for this industry. $1 Billion wouldn't impress me.

Topic: [ANN] CannabisCoin [CANN][X11][Official] Unmoderated General Discussions. - page 97. (Read 492677 times)