Price @CCEX is bellow the production price. What will happen next? Another Mint? Who will provide flat?
Thanks.
Only way is for the dev team to make a pump.
Pump from dev won't help it all at this time. because everyone from signature and other bounties bumping their coins now. these stupid don't know anything about a good project and its future. they only interested to get cash..
let them dump all their coins and when all coins come to serious holders and investor's hand the price will grow up after that..
this is game of patience guys.. more patience give you more profit.
Production price? yes but that production price was calculated from a much higher last price..
1 g gold is worth 132000/31.1 = 4244 cent
2510 coins = 1g gold
4244 / 2510 = 1.69 cent
RICO price was 3.8 cent
the gold backing 1 coin is worth 1.69 cent
last price is now 8.4 centminting = buying coins between gold backing price and last price.
after each mint the gold/coin increase some, but since the minter also gets alot of cheap coins the last price will decrase if they sell/dump.
the gold/coin worth is like a baseline for the price, atm. 1.7 cent. in 1 year maybe 2-3 cent..
I dont think its worth buying when the gap between gold worth / coin and last price is big, like now.
RICO price was ok, I think it will go down to 4-5 cent. Maybe a fair price is 3x gold backing price.. atm. 1.7 x 3 = 5,1
I sold all my coins with massive profit, will buy if price reach 2x gold backing price = 3.4 cent atm.
The minter will only be profiting if he dumps were he never mint again, the last price won't decrease it will just be below coinage threshold and he would thus forfeit all his future profit. This with the fact that a mint requires a significant capital imput, works as a deterrant for it. What we'll hopefully see in the nar future are different mints and the Goldmine competing on the market at buying the cheap xaurum, as anything below the former production price will yield a profit, if there is a new coinage. When the gap is big, the profits for minting/mining are bigger, and the profits of the Xaurum commonwealth is bigger, so Xaurum grows fastest when this is the case. The base value is not there to determine value of xaurum on market, but to determine its minimal possible price, in a circumstance there were no demand at all for xaurum, there would only be a demand for cheap gold, yet when there is demand for xaurum, and new xaurum are being issued, this demand is transformed into a surplus of value that increases the whole. I don't think we'll see prices that low again, or at least not for a long period of time.