Yes your are absolutely right; and that is so sad - That people don't understand the value of the currency they support.
Is it better to have a few coins with a higher percentage of overall ownership - like the Winklevoss twins who own 1% of all Bitcoins, or lots of coins with very small percentage of ownership?
I own more FootyCash coins with a higher ownership percentage than any other altcoin I invested in.
There is a cap of 84 Million coin on LTC (Litecoin). I owned 2000 LTC that I paid $100 USD for back in 2012 - A few months later my 2000 LTC were worth approx $80,000 - $120,000 USD (when LTC went to $60). I only owned a small percentage of overall LTC.
Now one month ago I found a better deal - There is a cap of only 4 Million FootyCash. Footy was worth a fraction of a penny when I bought into it 30 days ago - It's now worth approx $0.10 USD. The point is that I now own a MUCH larger percentage of FootyCash than I did with LTC - enough to temporarily impact the market If I wanted to.
Now I have money AND power.
Topic: Are "Ultra Rare" altcoins more valuable than the rest? - page 3. (Read 1638 times)
I think it is psychologically affair. People simply want "have" coins, and more is better. In this aspect "ultra rare" altcoins has an unadvantage.
I have noticed In the past few months there have been a significant rise in the value of Ultra Rare Altcoins.
By Ultra Rare Altcoins I mean altcoins that have a total production cap of fewer than 7 million coins.
To highlight this, just in the past month two altcoins - Footy Cash (FOOT), and Tatoocoin Limited Edition (TLE) both have seen 5000%+ highs and increases in their market valuations:
https://www.cryptopia.co.nz/Exchange/?market=FOOT_BTC
https://bitcointalksearch.org/topic/footy-cash-foot-coinswap-decentralized-fantasy-sports-1374929
https://www.coinexchange.io/market/TLE/BTC
https://bitcointalksearch.org/topic/anntattoocoin-tattoocoin-ltd-ed-running-on-twin-chain-first-time-ever-1853071
Both altcoins have fewer than 4 millions total production capacity.
Of altcoins developed of late (January 2017) I have noticed a trend in the departure from high coin counts as developers seek to reap short-term gains made from ultra-rare altcoins.
On coinmarketcap, the next highest valued coins after Bitcoin are the Ultra Rare Altcoins such as DASH (with a cap of fewer than 7 million coins) among others.
The newly re-developed Torcoin with a total cap of fewer than 1 million coins, reached a market increase of more than 10,000% in just a few hours after being introduced before controversy over a developer caused a price drop.
It would seem that there is a market for potential investors seeking ultra-rare altcoins.
Most ultra-rare altcoins have market valuations of between $2.00 and $100.00 USD per coin (with the exception of Footy Cash (FOOT) which is undergoing a market correction - hence the meteoric rise in valuation the past month).
There are some exceptions; take Dreamcoin (DRM) for example: Dreamcoin is POS coin with a total cap of 2.4 million coins - but it's valuation remains low despite its rarity. The DRM may be undervalued but the fact remains that the coin is only available on YOBIT exchange which is notorious for taking altcoin wallets offline for months at a time, leaving investors coins stuck on the site. That fact alone may be having an impact on Dreamcoin valuation. I guarantee that moving the coin to another exchange would see an increase of 5000% or more in the short-term.
One the other side of the argument there is Dogecoin. Dogecoin started as a joke, has over 110 Billion coins, and was not taken seriously; but now Dogecoin has over $150 million dollar market capitalization, and has become a pillar in the altcoin market providing the best liquidity to all altcoins markets.
Are "Ultra Rare" altcoins really more valuable than other altcoins?
By Ultra Rare Altcoins I mean altcoins that have a total production cap of fewer than 7 million coins.
To highlight this, just in the past month two altcoins - Footy Cash (FOOT), and Tatoocoin Limited Edition (TLE) both have seen 5000%+ highs and increases in their market valuations:
https://www.cryptopia.co.nz/Exchange/?market=FOOT_BTC
https://bitcointalksearch.org/topic/footy-cash-foot-coinswap-decentralized-fantasy-sports-1374929
https://www.coinexchange.io/market/TLE/BTC
https://bitcointalksearch.org/topic/anntattoocoin-tattoocoin-ltd-ed-running-on-twin-chain-first-time-ever-1853071
Both altcoins have fewer than 4 millions total production capacity.
Of altcoins developed of late (January 2017) I have noticed a trend in the departure from high coin counts as developers seek to reap short-term gains made from ultra-rare altcoins.
On coinmarketcap, the next highest valued coins after Bitcoin are the Ultra Rare Altcoins such as DASH (with a cap of fewer than 7 million coins) among others.
The newly re-developed Torcoin with a total cap of fewer than 1 million coins, reached a market increase of more than 10,000% in just a few hours after being introduced before controversy over a developer caused a price drop.
It would seem that there is a market for potential investors seeking ultra-rare altcoins.
Most ultra-rare altcoins have market valuations of between $2.00 and $100.00 USD per coin (with the exception of Footy Cash (FOOT) which is undergoing a market correction - hence the meteoric rise in valuation the past month).
There are some exceptions; take Dreamcoin (DRM) for example: Dreamcoin is POS coin with a total cap of 2.4 million coins - but it's valuation remains low despite its rarity. The DRM may be undervalued but the fact remains that the coin is only available on YOBIT exchange which is notorious for taking altcoin wallets offline for months at a time, leaving investors coins stuck on the site. That fact alone may be having an impact on Dreamcoin valuation. I guarantee that moving the coin to another exchange would see an increase of 5000% or more in the short-term.
One the other side of the argument there is Dogecoin. Dogecoin started as a joke, has over 110 Billion coins, and was not taken seriously; but now Dogecoin has over $150 million dollar market capitalization, and has become a pillar in the altcoin market providing the best liquidity to all altcoins markets.
Are "Ultra Rare" altcoins really more valuable than other altcoins?
Jump to: