People who bought in or are buying into the 100,000 circulating AUR before the market gets flooded with 10,500,000 AUR on March 25th:
"Herpity Derp Derp Derp....supply and demand? I don't get it...derp derpity derp deeeerrrrrrrpppppppp. How is the price crashing! Oh Noooessss, derp derp derp"
well herp derp.. it doesnt matter that much.
there are other reasons why i wouldnt buy now.. but if you bought or mined a single solitary coin without knowing this info.. it is YOU That is retarded.
anyone who has ever traded anything in their lives, has already put that info in the prices they have calculated to be worth it.
it isnt like those coins magically appeared. Like a new diamond mine being found. they were there on day one.
the fear isnt SUPPLY AND DEMAND.. but massive dumping once teh supply is mobile.(either by the developer or the people of iceland). yeah there WILL Be more coins on the markets on the 25th... on the 25.. not today.. but on the 25th. and that a valid currency/commodity capitalist market wont form around the coin.. that people will juts use it like most coins.. a trading instrument for fiat. What if they dont want iceland money? but want something spendable in iceland?
(same thing for the diamond market which has artificial sacristy built in due to monopoly of debeers)
if information is known or planned in a market, for smart people.. it was calculated into the price long ago, yall act like the premine info was just released hours ago.
and tell me a good price point.. dont just herp and derp.
at this moment it is trading for 0.08099889
does the premine not matter at 0.04?
how about 0.02?
what about 0.00000004? if it is this price on march 24th what will the market due the next day?
Its easy to laugh and pretend you know economics by quoting "supply and demand", Its a bit harder to prove it with some valid points.
divide the price by hashrate and show how it doesnt make sense with the volume of coins.
I happen to mostly agree with you, just not how you said it. I got out at a good price, except for this tiny bit of change i am waiting to confirm... and the even smaller bit i am waiting to confirm on the pools. but just saying people are stupid for buying at this price because they dont understand supply and demand, is meaningless without showing that the price isnt already calculated in the demands price. as well as the fact that demand could very well rise, once the dump is successful if business in iceland start to break the law enmass and use this coin. They probably wont.. while it is only a micro percent of the population.. who are miners.. and and bunch of foreigners who dont shop in their malls, who hold the coin.. and hence have no demand atm. I'm not sure what will happen there. i dont like the current price.. just saying it is more complex than "OMG SUPPLY AND DEMAND" and as such you appear ignorant rather than actually teaching anyone anything.
