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Topic: Who on earth valued feather coin so high - page 9. (Read 21637 times)

legendary
Activity: 1310
Merit: 1000
There is enormous amount of miners contributing to the network and everytime you refresh the page on this forum you see feathercoin topics at the top... huge buzz now which has lasted for days.

supply and demand.  who on earth valued BTC at 124 each?  Tongue  don't complain about it, instead capture the arbitrage.   Kiss

uh I think I read there is already 4 million coins made since launch 6 days ago, there is supply, with zero demand.

There were 2 million PPCoins made on it's first day. PPCoin is now worth 25 cents.

How old is ppcoin?
my point exactly.
full member
Activity: 126
Merit: 100
There were a few people buying 100,000+ feather coins each over the last few days so the sellers gradually raised their prices, till it reached about 40 LTC per 1k FC.

Just because 1-2 people bought a shit ton of FC doesn't mean that's what they're worth. If I had $1m and wanted to buy 1M FC that doesn't mean they're now worth $1 each.

But it does mean people will be slow to go down from that $1.
legendary
Activity: 1344
Merit: 1001
There is enormous amount of miners contributing to the network and everytime you refresh the page on this forum you see feathercoin topics at the top... huge buzz now which has lasted for days.

supply and demand.  who on earth valued BTC at 124 each?  Tongue  don't complain about it, instead capture the arbitrage.   Kiss

uh I think I read there is already 4 million coins made since launch 6 days ago, there is supply, with zero demand.

There were 2 million PPCoins made on it's first day. PPCoin is now worth 25 cents.
legendary
Activity: 1310
Merit: 1000
There were a few people buying 100,000+ feather coins each over the last few days so the sellers gradually raised their prices, till it reached about 40 LTC per 1k FC.

Just because 1-2 people bought a shit ton of FC doesn't mean that's what they're worth. If I had $1m and wanted to buy 1M FC that doesn't mean they're now worth $1 each.
hero member
Activity: 560
Merit: 500
Minds are like parachutes they work best when open
April 23, 2013, 04:47:19 PM
#9
The founders blatently premined loads, or had hardware to push it. Litecoin started at the very bottom even with exchanges. This currency just seems to want to follow where other coins trod... stupid noob buyers. Got nothing against the miners... but the buyers paying over 10ltc for 1000 fc are thick, and people trying to push it are too.

FACT IS YOU WOULDNT NEED TO PUSH IT SO DESPERATELY IF IT SERVED A PURPOSE.... WHICH IT DOES NOT!
newbie
Activity: 9
Merit: 0
April 23, 2013, 04:45:35 PM
#8
I was just looking around to buy some and realised its almost valued at $0.025, who on earth valued this price? I dont care for answers like 'it should be a 1/4 of ltc'. Things dont work like that. LTC should be worth a 1/4 of BTC but its not. It seems a lot of you have got stuck in adopting alt currencies as soon as they come out to make a quick buck. I think anyone paying over 10ltc for 1000 fc is basically stupid

100% the name. People like Feathers
hero member
Activity: 868
Merit: 1001
https://keybase.io/masterp FREE Escrow Service
April 23, 2013, 04:44:57 PM
#7
There were a few people buying 100,000+ feather coins each over the last few days so the sellers gradually raised their prices, till it reached about 40 LTC per 1k FC.
legendary
Activity: 1310
Merit: 1000
April 23, 2013, 04:43:55 PM
#6
supply and demand.  who on earth valued BTC at 124 each?  Tongue  don't complain about it, instead capture the arbitrage.   Kiss

uh I think I read there is already 4 million coins made since launch 6 days ago, there is supply, with zero demand.
full member
Activity: 196
Merit: 100
April 23, 2013, 04:43:48 PM
#5
I was just looking around to buy some and realised its almost valued at $0.025, who on earth valued this price? I dont care for answers like 'it should be a 1/4 of ltc'. Things dont work like that. LTC should be worth a 1/4 of BTC but its not. It seems a lot of you have got stuck in adopting alt currencies as soon as they come out to make a quick buck. I think anyone paying over 10ltc for 1000 fc is basically stupid

The current prices people are paying for FC are interesting if you understand the current network difficulty of LTC vs. FC and compare the utility of the two, as well as taking into consideration how many more FC will be in circulation in the coming months given that utility.

LTC is ~ 0.02 of 1.00 BTC on major exchanges - AND I can do a whole lot more with LTC than I can with FC.
hero member
Activity: 714
Merit: 500
April 23, 2013, 04:42:27 PM
#4
supply and demand.  who on earth valued BTC at 124 each?  Tongue  don't complain about it, instead capture the arbitrage.   Kiss
full member
Activity: 126
Merit: 100
April 23, 2013, 04:42:11 PM
#3
It is valued by the market. Which is fickle.
legendary
Activity: 1344
Merit: 1001
April 23, 2013, 04:41:59 PM
#2
Price in free markets work by supply and demand. Economics 101.

No-one is forcing anyone to buy and sell these Feathercoins at a certain price.
hero member
Activity: 560
Merit: 500
Minds are like parachutes they work best when open
April 23, 2013, 04:37:29 PM
#1
I was just looking around to buy some and realised its almost valued at $0.025, who on earth valued this price? I dont care for answers like 'it should be a 1/4 of ltc'. Things dont work like that. LTC should be worth a 1/4 of BTC but its not. It seems a lot of you have got stuck in adopting alt currencies as soon as they come out to make a quick buck. I think anyone paying over 10ltc for 1000 fc is basically stupid
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