Topic: If I create my own crypto coin with a total supply of 1,000,000,000,000... (Read 166 times)

It's good to know that you're taking such initiative. But, think twice that do a bit more research before you do so.

Who will buy your coin dude? maybe last year you can do it but nowadays there is no way, if you want there are a lot of tutorials on the internet

That's an interesting post. You cannot just open your own cryptocurrency. You have to study about this and then do many works before opening a cryptocurrency.

I do not think that this will be a good way to start your own Crypto currency. You should go through the market and the history of the different Crypto currencies. You should study both the successful and unsuccessful coin. High market cap is not a good thing in this market then you will not get high response or price.

OP is obviously exaggerating. and you are wrong.
people don't give a shit what an altcoin's supply is or how scammy they are. they only care about how hyped up that shitcoin is to be able to assess how much profit they can make from it.
you can see a lot of coins with billions of coins in circulation are being pumped hard every day.

Cube did -100%, good example : 0,00000001 BTC

I didn't see your thread before, interesting.


That's what we are all waiting for, I get so tired with so many shitcoins, every days...

No one will buy those coins. It is same as many of the ICOs that are trying to collect money. As no one invest in their coin, that market capitalization won't be reached.

We don't need to assume an amount to see the flaws here,
as mentioned the volume will be non existant, and even if you 'pump' your coin, noone would buy it.
I remember one day seeing a new top 5 coin, not too long ago  actually, and it was removed after a few minutes (I assume CMC removed it).
I guess that was caused by someone selling to himself.

this is in a sense issues with wash trading when people sell to themselves to create fake volume.
what the solution will be for that will be interesting to see. probably the more regulated environment will stop that, and with that, lots of shit coins will die..

Total supply is not an issue here may reduce a price a little but coin aim which bring  new important changes better than other project can make your coin stronger every development occurs day to day .

Before taking any initiative, we need to do a full and thorough research regarding the coin, the market, its past and present events and both the hit and failed projects. Getting to know the full and complete information and the dos and don’ts are important to get a high response.

Unfortunately, you can't do this, because nobody pays attention to your coin, you're only treated as a hoax. The dream is always good.

With that supply selling each of it at $10 is going to be one of the best dream ever.

Yes, if you have those token of yours and it has that market cap (for each coin of $10) you'll definitely not only going to be more valuable than those oil and gas corporations.

You can also be tagged as one of the richest crypto person worldwide.

But the mystery here is how are you going to get that market cap?

I think it’s not a easy task but if you have large amount of money then you can do this. But it also a risky ides because if you don’t maintain your performance then people will neglect your coin. You have to careful about this matter.

This is how you can fool the people who are not familiar with the market laws and how it's operating, lol. And this is the reason why we all need to be educated enough not to be trapped in the things like that

So, the company you just set in “in your garage” is worth 5th dollars. Clearly the value of something which does not exist yet is not more valuable the (one of the) largest oil companies in the world. This topic actually tackles some Economic thinking which is fundamentally flawed in the crypto field, or in some cases, goes against traditional thinking.

The first question to raise is “why is something worth 5tn just because I say it is”. Its not. You can sell your coin at $1, $10 or $1,000,000, but that’s not what it is worth. I can say my house is worth a trazillion dollars, but its not. If someone pays you 5tn for your coin, more fool them. They have bought a lot of nothing for a high price. Its still not worth anything, but you have their money. The fact that one or a small number of people buy something for a high price does not at all reflect its intrinsic value. That’s what you should look at, intrinsic value.

It only becomes worth something when it has something of value. That might be a house, a computer program which can be sold or earns money some other way, a bag of potatoes…

Stock markets do the same thing. People buy or sell shares at a certain price and the price can be undervalued or overvalued. This is all speculation. You can make money or lose money, but its all a gamble.

For security you need to think about buying into a company which already has existing value: assets, programs, income and so on. Then you know what its value is today and you can accurately decide what to pay for it. When you get into the value it might have in the future, it becomes more guesswork. You might like to risk paying more than it is worth today to get more in the future, but the less risk the better. If the plan is very simple and secure, eg. the company plans to use 70% of its sales to buy houses, that is probably secure. If it plans to use most of the money to pay salaries, develop some new technology and do marketing like a lot of projects today, most of the money could disappear “into the ether”…

There was something even worse than that.
That Marine coin, which for a limited time was sold at a fixed price and they've inflated the supply or something and it went to number 1 on coinmarketcap for a while.
If I remember correctly its the only coin that ever surpassed BTC for a brief period.

Dark times....

what you see on the coinmarketcap now is the result of these coins being around for a while. not a new coin coming out and getting pumped. any coin that is fresh and has a low price can get pumped to higher prices very easily. specially if you are good at pumping coins and start from a higher initial price.

for example you can see here that a shitcoin with price of $0.14 got pumped 8 million% (yes you are reading it right it is not a bug it was pumped on Yobit) and reached rank #3 in coinmarketcap. it lasted there for a while too and its supply isn't as big as what OP suggests it is only 2 billion.


and here is my 1+ year old topic: https://bitcointalk.org/index.php?topic=1842964.0;all

The truth is that few cryptocurrencies, barring perhaps the top 3 are actually worth anywhere near their market capitalisation. Some cryptocurrencies go from being completely worthless prior to their ICO, to over $1b in market cap within a year or so. In reality, the utility of these cryptocurrencies is probably far less than that of a $1b fiat company, and much of the worth is actually due to exchange trading rather than genuine utility.

If you carefully go through the coinmarketcap you will observed that coin with sure large quantity of supply can never get to $1. The entire supply will not be in your possession. So do not think the entire money is yours.

Don't mistake market capitilization for value I mean you probably don't, otherwise you wouldn't be asking this question.

But yes, it's a great example of why market capitalization alone is a worthless metric when deciding upon the "worth" of a company / asset / whatever, be it crypto or be it the traditional stock market. Hence volume (eg. selling 1,000,000 coins at USD 10,- is likely a more reliable indicator of a stable price than selling a single coin at USD 10,-) is often taken into account as well; alas volume too is a rather flawed metric in that it can get easily manipulated by wash trades and the like. Still, a market with a daily volume of USD 1,000,000,- is likely harder to manipulate than a market with a daily volume of USD 1,000,-. Or, depending on your point of view, such a market merely invites a different class of manipulators.

So anyway, where do I get this coin of yours, I've heard it's bigger than Exxon?