Topic: Are "Ultra Rare" altcoins more valuable than the rest? (Read 1642 times)

This, the value of a coin does not come from the price that you see in the screen but from the uses it can have if a coin does not solve any problem then it is simply impossible that the coins are going to gain value in the long term and you may end up as a bag holder.

I don't think it is always like that. If there 1000 people and 10000 coins each get 10 if there 1000 people and 100 coins each get 0.1
It doesn't matter it's the same each person still has the same % and the same piece of the pie π

maybe its because the market is small and its convenient for the big whale to manipulate, but rare altcoin may cause another question is that little people knew it, there will be noone to buy it, and the risk that team quit also exit

In long term the total of supply could be  a key factor,personally I think that the reduced number of it and plays against the effectiveness of this may have a period that cause much expectation but until then nothing else happens,of the same way I do not think that a large number of supply benefit a lot but rather,I think those who are most successful and are more likely to survive in the long run are those that are within the intermediate ranges and at least those can be observed in greater number.

No, any coin still has a meaning, it represents a real project, and that coin works to continue the project, so the development of a coin expresses. The success of a project, it does not die if the project persists.

you have to keep in mind what makes a coin valuable

If the coin has no value (zero), it doesn't matter whether there are a trilion coins or only one coin

Ultra rare = Ultra scammy.
Value of them is illusion,if these coins have no good use case.

Sorry to hear that.

I partially agree. It was a niche, true. But it was also a lot of hype and pumping.

But that was the hype. the dev and owner were saying from the get go that it operated over the Tor network, but it was soon uncovered that it didn't. That didn't come until a couple of weeks after the launch. That could be credited to incompetence on the part of the "dev", but it was inexcusable to hype a coin as operating over Tor when it in fact didn't.

I will agree that dev and producer were highly incompetent.

I disagree. That is textbook definition of pumping. How quickly after that did the price fall? And how far did it fall? Back to $5, then to just above $2, then below $2. Having a coin get pumped that high on ONE exchange is just that... a pump.

There already is another Tor network coin called Deep Onion.

Rarity is only part of the value. There still has to be a demand. There can be only one Torcoin in existence, and if no one wants it then what value does it truly have? All of the examples you listed have demand as well as rarity.

I don't think so. I think the altcoin with real-life applications are more valuable than the pure-hype copy coins.

http://coinmarketcap.com/currencies/42-coin/

Max money: 42 coins

If the ultra rare people believe that divisible forever nonsense,

hey this one only has 42, so buy her up.  


 

One of the rarest coins out there  



And a bigger market cap here:

 

Actually Daniel,  I never said Ultra-Rare coins could not be PoS coins, there are a boatload.
But if you look at the security formula ,
hashProofOfStake <= [Coin-age] x [Target]      
[Coin-age] = [amount of coins] x [days in stake]  

Meaning the lower the overall # of available coins for staking the lower the security.

Where you are missing the point is transaction fees.
example:
Two PoS Coin Networks both with a 1 billion Dollar Market cap.
Your ultra rare coin only has 1000 coins
The larger # coin has 1 billion coins.

So 1 of your ultra rare coins are worth 1 million dollars
And one of the larger # coin is worth $1

The Transaction fee on the ultra rare is .00001
The Transaction fee on the larger # coin is .01

The ultra rare transaction fee is a fiat equivalent of $10 per transaction.
The larger # coin Transaction fee is a fiat equivalent of  1 Penny. ($0.01)

So your ultra rare coin become useless in transferring amounts of less than $1000 , which the $10 would only be a 1% fee on top of the amount.

Where as the Larger # coin can transfer amounts as small as $1 , which the penny would only be a 1% fee.

Which if they have the same market cap and liquidity, I can send coins (at the same Fiat Conversion Amount) at a much cheaper rate and be conformable that the larger # coin network is more secure thank to the security formula mentioned above.  

 

Indeed.
For me it's all in the market cap that I look up to and also its community support. If these two are increasing so the value of the coins is.
But I also consider the volume or circulation of the coin in the market because if its a huge volume it can attract people to invest in.

Altcoins aren't stickers for the "ultra rare" be more valuable than the rest. Other coins are pumped too, I think this is just selection bias.

That is correct. You may have that coin but if the circulation is limited then its possible it will become a rare collection. Community support and awareness is really important also to consider.  and that is what OP is doing? Or OP is the bagholder of that coin peace...

Being a whale comes with its own problems as well, now you can manipulate the market in which you are in and if you make a bad move you could crash the market also it is more difficult to get out if the coin begins to fail so be careful.

And to prove my point Torcoin is still trading above $2.00 USD even after all the drama! :

https://www.cryptopia.co.nz/Exchange?market=TOR_BTC

Rarity is a value unto itself!

First let me say - I got burned by torcoin.

Torcoins value was due to a niche market NOT pumping.  I lost money on torcoin.  I tried to buy 3000 torcoin from the dev the day after the announcement was made (before the coin was on any good exchange) - all because the coin operated over the TOR network not because the coin was pumped.  Unfortunately I was not able to secure a wallet because of the poor way the wallet was distributed. I ended up having to buy the coin later on an exchange for a much higher price only to end up losing my investment when the coin tanked after the dev was exposed as a fraud (from other coins he developed).

The coin still has a niche market; the problem is the dev and producer were incompetent - However they were smart enough of make a few coins (1 milllion coin cap).  

I watched Torcoin (on CEX) go from less than $1.00 USD to $20.00 USD in less than 2 days - no other coin in cryptocurrency history (including Bitcoin) has ever done that before. Not one coin ever!  No amount of pumping on Earth can make a coin do that!  There was a market long before the coin was produced.  

There were two failed attempts to make a torcoin the past 5 years.  I promise you that sooner or later someone is GOING to make a torcoin that is successful; why? because the demand is still there and will NEVER go away!

Just like ANYTHING that is rare - rarity has value unto itself; just look at stamps, goldcoins, misprinted dollarbills, misprinted baseball and basketball cards, rare comic books, rare collectable, etc...

https://en.m.wikipedia.org/wiki/Scarcity_value

I belief the scarcity of a coin can have a direct impact on its price.
I also belief a lot of hype around coins who have larger circulating supply (less scarce), can also have a direct impact on its price.

Thinking back at the time when Bitcoin got its blockrewards cut with 50%, i'm pretty sure a large price increase followed.
Dash has an annual 7% cut on its blockrewards, consistently reducing the circulating supply over time, i belief this too will have
an effect on its price. Just like Bitcoin next blockreward halving in 4 years will (again) have a direct impact on its price.

Its simply economics at play.

What you are not considering:

1. Ultra-rare coins CAN be POS coins.

2. Every coin can be divisible by 1 millionth of a coin = 0.000000000

3. The number of coins has nothing to do with the PRICE of each coin.  What is the difference between having 100,000 coins and 100 coins is both sets of coins are worth the exact same?  You can pay $100 for one coin or pay $100 for 1000; what the difference?  I guess some people "FEEL" like they have more because the number of coins is higher.  If each coin is divisible by 1 million what difference does it make?