Topic: Devcoin is a GREAT buy! (Read 1336 times)
Devcoin is not too good for any pump and dumps, i dont see any big movements in its history. Next month it will just cost the same like 1 month ago. Its just a coin for technical purposes.
I saw the original bct post and read the article. One thing was not clear about devcoin though, most devcoins go to the devcoin foundation, so I wonder if they are underestimating how many of them there will be.
The daily maintenance cost = the USD value of new coins entering the market that day = marginal supply for the day = amount of NEW $ that need to go into a coin at that price so it doesn't lose value.
With that said, OP is right and Devcoin is a great buy. Coins to look at:
QRK has the lowest maintenance cost relative to the size of its market cap ~~ 930$ a day : 19 million $ market cap
Zeta has one of the lowest maintenance costs ~~ 230$ a day : 3 million $ market cap
Devcoin has one of the lowest maintenance costs ~~ 450$ a day : 3.5 million $ market cap
With that said, OP is right and Devcoin is a great buy. Coins to look at:
QRK has the lowest maintenance cost relative to the size of its market cap ~~ 930$ a day : 19 million $ market cap
Zeta has one of the lowest maintenance costs ~~ 230$ a day : 3 million $ market cap
Devcoin has one of the lowest maintenance costs ~~ 450$ a day : 3.5 million $ market cap
A good way to evaluate the "costs" of certain coins to society.
Not sure if it correlates to "great buys" or not though...
Not sure if it correlates to "great buys" or not though...
Wrong forum?
Interesting concept with "daily coin maintenance cost", thanks for the article.
Interesting concept with "daily coin maintenance cost", thanks for the article.
So can I make a news article listing the coins I support and don't support with some sort of calculations I have?
Add a link to the article please
Add a link to the article please
How did you arrive at the daily maintenance cost and what do you mean by it?
I did not write the article, just found it.
How did you arrive at the daily maintenance cost and what do you mean by it?
Here is the list of great buys VS not-so-great buys.
Great Buys
These coins all have various interesting projects in the works, have great communities and great developers. We consider these coins to be severely undervalued.
Zetacoin (ZET) (Daily Maintenance Cost: $228.13)
CryptogenicBullion (CGB) (Daily Maintenance Cost: $195.21)
Devcoin (DVC) (Daily Maintenance Cost: $452.23)
Frankos (FRK) (Daily Maintenance Cost: $1060.98)
Digitalcoin (DGC) (Daily Maintenace Cost: $8376.52)
Not So Great
Coins To Avoid
We consider these coins to be very gimmicky. While many of them have outstanding communities, their current maintenance cost is way too high to be sustainable in the long run. Most of these coins are brand new and are surviving off hype. Trading of these coins should only be attempted by experienced traders).
Dogecoin (DOGE) (Daily Maintance Cost: $1,060,957.44)
Mooncoin (MOON) (Daily Maintenance Cost: $133,602.05)
LotteryTickets (TIX) (Daily Mainteance Cost: $27,980.86)
Lottocoin (LOT) (Daily Maintenance Cost: $26,369.84)
Earthcoin (EAC) (Daily Maintenance Cost: $19,922.42)
Source: http://cryptosource.org/good-buys-and-coins-to-avoid-how-daily-coin-maintenance-costs-should-factor-into-your-investment-decisions/
Great Buys
These coins all have various interesting projects in the works, have great communities and great developers. We consider these coins to be severely undervalued.
Zetacoin (ZET) (Daily Maintenance Cost: $228.13)
CryptogenicBullion (CGB) (Daily Maintenance Cost: $195.21)
Devcoin (DVC) (Daily Maintenance Cost: $452.23)
Frankos (FRK) (Daily Maintenance Cost: $1060.98)
Digitalcoin (DGC) (Daily Maintenace Cost: $8376.52)
Not So Great
Coins To Avoid
We consider these coins to be very gimmicky. While many of them have outstanding communities, their current maintenance cost is way too high to be sustainable in the long run. Most of these coins are brand new and are surviving off hype. Trading of these coins should only be attempted by experienced traders).
Dogecoin (DOGE) (Daily Maintance Cost: $1,060,957.44)
Mooncoin (MOON) (Daily Maintenance Cost: $133,602.05)
LotteryTickets (TIX) (Daily Mainteance Cost: $27,980.86)
Lottocoin (LOT) (Daily Maintenance Cost: $26,369.84)
Earthcoin (EAC) (Daily Maintenance Cost: $19,922.42)
Source: http://cryptosource.org/good-buys-and-coins-to-avoid-how-daily-coin-maintenance-costs-should-factor-into-your-investment-decisions/
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