It's still really early at almost 100 million coins. 500 million to 5 billion coins is a huge difference from where we are now. Usually a value of an inflated coin will come down. There will be a minimum of 5 times more and as many as 50 times more than what is mined today, so I can't help but to think the value will drop. The more coins there are, the less valuable it will be. That 100 million coins only took about a month. In 2-3 months there might be 3 times as much. My question is guys like btc and litecoin have a limit but how can a coin that has no limit be as valuable or more valuable in the future?
I look at some of the litecoin forum posts and I see people talking about getting their thousands of ltc when the price was under a nickel. It took them a few years of holding, but damn it paid off immensely for those people.
Of all the new coins, I think flutter has a great chance of going mainstream. So I'm gobbling them up now while they are cheap.
And something that should be mentioned is you guys should get these coins before the knc scrypt miners ship. Because the price and difficulty is gonna go way up on any popular scrypt coin.
Those things are now at 250 mh/s. There are 3000 being sold in their first batch. Just 15 of those mining flutter will match the entire current hashrate. And with flutter being one of the most profitable coins to mine, I can guarantee there will be way more than 15 of the 3000 mining flutter.
Moral of the story, get your flutter before knc starts shipping those behemoths out.
Don't think you can compare this coin and litecoin as the same. For one, yeah you will be mining with GPUs now and get several thousands a day but when those ASICs come out your month of mining today will only take them about 3-7 days even with the difficulty being high. You're mining tens of thousands now but they will be mining hundreds of thousands. So more coins, Less value. More miners, mean more people, usually means more dumpers. I can't even imagine what will happen when pool of ASICS just dominate flutter and flood the market with millions of coins.
Also, litecoin is the original scrypt. every scrypt is copied after that, we just have some better features.
FLT is many times higher
and maintains some of the highest volume for it's market cap on the whole Alt market. $25,000 USD is routine for 24
hours of volume.
the value of the coin has come down, but the marketcap value went up because there are millions of more coins.
I'm still a big supporter but these things worry me and It's good hearing from other supporters on here. I think the idea has potential and kidcoin is doing a great job but there needs to be more supporters than just us and whoever that BTER monster investor is. lol
(I've been mining and buying.)
You are wrong on a lot of points...
1) ASIC mining the coin DOES NOT mean more blocks will be mined. There will still only be roughly 720 blocks per day
2) Difficulty adjusts per block, and see #1 - there will not be more coins mined because of ASICS
3) This coin now has somewhat of a cap, its 5000 coins per block (after the fork), for 11 more months, then 2500, then 1250, etc for 7 years - after than POW is 50 coins per block and POS is what it is - 5%. The end result is roughly 3 billion coins. Growth will be very minimal after 7 years.