This is a phase that almost every coin has to pass.
Delisting from nxt-e does not solves anything. You can't say that the coin worth much than 71 satoshi, as long as the demand is at 71 satoshi it worths 71 satoshi.
Not an exchange sets the value of a coin but the demand
Delisting from nxt-e does not solves anything. You can't say that the coin worth much than 71 satoshi, as long as the demand is at 71 satoshi it worths 71 satoshi.
Not an exchange sets the value of a coin but the demand
Not quite - though I agree mostly - at this early stage, miners set the price - not markets.
It costs a miner his ROI and power to mine a coin - if NXT-e tells a miner that he wont get his power costs back, then its not the right price. The miners should set the price for a young coin - This coin rush into an exchange before the miners were able to set the precedence on its price.
Well of course miners set the price. Right now miners are setting the price at 51-71 satoshi if they are selling at that price. Probably for you and for me mining with 1-2 amd cards it is not rentable to mine piggy right now but those with botnets with free minning power can sell at this price. We just have to wait dumpers to move on a new coin, meanwhile trying to get listed on an older exchange so we can be added to coinmarketcap. Once we are there coin will get lots of exposure and will grow based on its potential
About being added to an older exchange, I made this crypsty request: https://cryptsy.freshdesk.com/support/discussions/topics/4000002817
It's a long shot but you never know. Oink!
