I am sending few dollars in bitcoins for answers to my question

Ayers

legendary

Activity: 2590

Merit: 1022

Leading Crypto Sports Betting & Casino Platform

Quote from: thinklab71 on March 12, 2017, 10:11:05 PM

Yes I am new, but learning thanks to you all.

When Starting a new coin, how do you know what to set the initial value of the coin?

Can you set it at something like 1.00 if not listed on a exchange?

The people of this coin will only be trading it for a year before they start to sell it at market value.

Just need to know how to put an initial value for the coin, I know not all coins are in the exchanges so how do they place a value for it.

Please list your wallet ID and I will send you a small amount of bitcoins for real answers.

value is done by supply and demand, there is not someone deciding it, maybe you are confused about the matter? and exchange do not set a value either, what happened most of the time is
random guy think the value will go to 1000, then he buy, another random guy think it go to 2000 then he buy, they don't know that their thinking is what make the coin reaching that value they think it will had

onedeveloper

full member

Activity: 143

Merit: 100

Quote from: thinklab71 on March 12, 2017, 10:11:05 PM

Yes I am new, but learning thanks to you all.

When Starting a new coin, how do you know what to set the initial value of the coin?

Can you set it at something like 1.00 if not listed on a exchange?

The people of this coin will only be trading it for a year before they start to sell it at market value.

Just need to know how to put an initial value for the coin, I know not all coins are in the exchanges so how do they place a value for it.

Please list your wallet ID and I will send you a small amount of bitcoins for real answers.

Some coins do an ICO for investments at some fixed coin price (i.e. 1000 = 1 BTC) or some rounds. After the initial money is acquired (they first premine the coins for the ICO), the value is set and the BTC is spent in anything the developers or ICO doers want. They usually premine another bunch of coins to keep for profit (they will be dumped at the set price once they get on an exchange) and to pay to developers/helpers for coding or campaigning the coin through this site, facebook or twitter. Some coins are also bounties for different tasks.

In other coins they just show the new characteristics of the coin, premine some, offer them at some intrinsic value as prizes, payments or bounties as in the ICO case, and then they list them in an exchange and start putting a sell offer at the desired price. If anybody buys, the show starts.

I hope this answers your question. My BTC donation addresss is in my signature. Cool

AndreaF

jr. member

Activity: 59

Merit: 10

Quote from: thinklab71 on March 12, 2017, 10:11:05 PM

Yes I am new, but learning thanks to you all.

When Starting a new coin, how do you know what to set the initial value of the coin?

Can you set it at something like 1.00 if not listed on a exchange?

The people of this coin will only be trading it for a year before they start to sell it at market value.

Just need to know how to put an initial value for the coin, I know not all coins are in the exchanges so how do they place a value for it.

Please list your wallet ID and I will send you a small amount of bitcoins for real answers.

In
https://coinmarketcap.com/
you can check the value when they have start to list the coin but is only the value relative to listing date not before the market value.

It's very difficult to know the start value since depend on the way the initial developer and early community have decided at what price start to sell their coin units. The only way is to have followed the coin during the development and first announcements or ask to a reliable person that has followed it in very early stage before the listing in various exchange websites.

my address
1K2nYS23nWk5yHWS1VurDMszsFjwjWfQsA

nellz

full member

Activity: 140

Merit: 100

Simple answer to your question. Its the same flow like real money. More demand more higher the coin prize will go. More project and active invesment in the coin the more valuable the coin will get. The more feymous coin is it.the more people will come and trade for it.

pereira4

legendary

Activity: 1610

Merit: 1183

Quote from: thinklab71 on March 12, 2017, 10:11:05 PM

Yes I am new, but learning thanks to you all.

When Starting a new coin, how do you know what to set the initial value of the coin?

Can you set it at something like 1.00 if not listed on a exchange?

The people of this coin will only be trading it for a year before they start to sell it at market value.

Just need to know how to put an initial value for the coin, I know not all coins are in the exchanges so how do they place a value for it.

Please list your wallet ID and I will send you a small amount of bitcoins for real answers.

It's simple: Coins, just like everything else, have value because of supply and demand. Before a coin is not traded exchange, it's value it's 0, unless there is OTC buy and selling (over the counter, this means, people buy and sell here in the forum for example). Prices are set organically, forcing a price will not be seen as something good specially in crypto world where things are supposed to be decentralized.
Bitcoin value was 0 at the beginning before OTC market started, then Mtgox standardized the price.

thinklab71

copper member

Activity: 183

Merit: 10

Yes I am new, but learning thanks to you all.

When Starting a new coin, how do you know what to set the initial value of the coin?

Can you set it at something like 1.00 if not listed on a exchange?

The people of this coin will only be trading it for a year before they start to sell it at market value.

Just need to know how to put an initial value for the coin, I know not all coins are in the exchanges so how do they place a value for it.

Please list your wallet ID and I will send you a small amount of bitcoins for real answers.

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