The quote #1571 I posted above was summarizing what the Chinese Groups are telling us
and more specifically
1.pls view the coinmarketcap:
http://coinmarketcap.com/all/views/all , take eyes on the world's
top 200 crypto currency,how many coins have a price>1 dollar?
nearly 20,and 3/4 among these 20 coins are dead,scam or new coin. am i right? pls correct me.
mcz as a centralized coin,is there any fool guy here suppose that we will have a high price,just like btc,ltc,eth,or dash?
yes,now the price is 20k satos,but it is mere because of few coins were mined,1 million yet.miners dump their coins day by day,and get the money back to buy more cheap second hand old mobiles,then mine more and dump...
few coins in the world's top
200 list have a high price as 20k satos,it mean our mcz price have little possibility to increase more.1=>>100 mcz will lower the price,miners will buy coin,instead of buying moblies.investors will come.
is anybody here have bought any mcz at the current price? seem none.
2..........................
1) There are moments of truth, something you did not see and or cannot explain to them or us why, for whatever reasons, the diversified cryptocoins with their available supply and vast differences among all of them and a total of hundreds of them,
You can not find many decent cryptos with coin price higher than $1. The one I posted above showed that none of than are valued higer than $10 except Bitcoin itself.2) A lot coins had smaller decimal denominations being used formally in exchanges by using milli-UnitCoin, etc., (which automatic tells you, "psychologically" that it is miniscule,) unlike using a separate Unit or Name.
3) A crypto's price is not fixed by the Total value/unit of coin. It does not represent a geographical area, a defined population and it is not controlled by a central bank. The total value/price would change, depending on the how appealing it is to people and Mangocoin is competing with other cryptos for limited but changing supply of digital currency assets at any moment. This effect is Extrinsic to simple intrinsic (probably only
short-term effects) of
Price of coin= Fixed total market cap/total MCZ supply = 1000 x of price of coin= Fixed total market cap /1000x MCZ.
There are overall long-term effects of popularization on the value of a crypto, posted elsewhere and to date, it is still accurate.
quote #483, https://bitcointalk.org/index.php?topic=737405.480