What determines the price of a currency, when it enters to the first exchange?

Yakamoto

legendary

Activity: 1218

Merit: 1007

Quote from: SulmaINO on August 04, 2016, 07:55:03 PM

I'm kinda new, and many times it happened to see that the first time they are on the market, worth (for example) 5000 Satoshi, and then, a few minutes, price decreases to 10 satoshi.
Or happend the opposite thing.
I think is because to:
-The Dev or the Team (Of course)
-The exchange
-The interest of people
-Or some alien reason?

Any ideas?

Basically what happens is that someone puts on the first order, and if no-one buys it at that value, he might put down lower orders, or people who have some of the currency might opt to put it for a really low value if they don't care about the currency and just want -some- sort of return on their investment into something more valuable.

Currencies also fluctuate based on who's buying, so you have to keep that in mind.

yenxz

sr. member

Activity: 294

Merit: 250

It all depends on the buyer and the seller and the price also depends on the sell or order. The buying and selling price movements will create a trend of rising prices or
and fall of the price. That depends on the price it was always the price . so we can see that the value will be zero .

Supercrypt

legendary

Activity: 1554

Merit: 1054

The very first exchange price of bitcoin was determined by the electricity cost required to mine a block.
But now a days lot of other factors influence this determination. But, supply and demand will finalize the prices once hit exchanges. So, IMO open price is really not a big concern as it will be manipulated by traders later.

maydna

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Enterapp Pre-Sale Live - bit.ly/3UrMCWI

i think its about how the respond of the market itself, how is people trust about that coins, how good the dev develop the coins. its just happen in LSK in polo, when it first time enter on polo market, the rate is going up but after in couple of weeks, then the rate is drop until now. maybe something is wrong and i don't know what.

odolvlobo

legendary

Activity: 4466

Merit: 3391

It is important to understand that there really is no "current" price.

There are three prices -

"bid" price: the highest price someone is currently offering to pay for the item
"ask" price: the lowest price at which someone is currently willing to sell the item
"last" price: the price of the last trade

Usually, the "last" price is considered the current price, but that doesn't mean the next trade will happen at that price. The price of the next trade is at either the bid or ask price.

Not only are there 3 different prices in one market, but the bid, ask, and last prices are different for every market.

mobnepal

legendary

Activity: 1218

Merit: 1006

If you see such type of pump and dump on the first day than it means dev is scammer who who will keep dumping on every buy wall that is put on in exchanger. Therefore investing in coin that is only listed in small volume exchanger is very risky.

rphk

full member

Activity: 210

Merit: 100

Depends on the market price of bitcoin faucet site satoshi depends. If the bitcoin prices going high to adjust the profit level faucet owner decreases or increases the rate of claim . I have seen several sites like that ,it is always constant.

Kakmakr

legendary

Activity: 3514

Merit: 1963

Leading Crypto Sports Betting & Casino Platform

The Bitcoin price is only one of the factors that influence faucet payouts. The faucet payout is in no way a indication of the Bitcoin price. If you want to check the Bitcoin price, go to preev.com. The faucet owner can increase or decrease his or her payout for any reason.

If the faucet owner see that the advertisement income is low, he might adjust the payout to make up for his loss or to make a higher profit. ^smile^

Some faucets adjust their price as the Bitcoin price goes up and down. Freebitco.in being one example of a faucet doing this on the fly.

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

i guess the coin's ICO would affect the market price but whether it'll be dumped or pumped it's depend on so many factor just like mentioned above by some people,and people's opinion really matter this way,just build a good opinion and your coin will be cost quite high

Xester

hero member

Activity: 994

Merit: 544

Quote from: Pbitcoin on August 04, 2016, 08:27:04 PM

Variable factors choose what the price will be and how it is effected is based on how much interest there is when it's first introduced to the open market. If people want to buy it up then it will boom if nobody cares for it when it shows up on the trading table then it is a bust. With trading exchanges there are winners and losers. No inbetweeners. Embarrassed

The price depends on the sell/ order and buy/bid in the market. So it all depends on the buyer and the seller. The movement of the buy and sell creates the price trend or the up and down of price. The price is always dependent on the market , without the market activities the value is zero. Thats why they say that saving your currency is bad to currency haha.

Pbitcoin

member

Activity: 112

Merit: 10

Variable factors choose what the price will be and how it is effected is based on how much interest there is when it's first introduced to the open market. If people want to buy it up then it will boom if nobody cares for it when it shows up on the trading table then it is a bust. With trading exchanges there are winners and losers. No inbetweeners. Embarrassed

franky1

legendary

Activity: 4270

Merit: 4534

there are alot of things

potential of price drop
premined
not advertised/hyped
offers nothing new(features)
unlimited or large amount of coin creation
shows no real world use
shows no online games, services or gambling

potential of price increase
no premine
offer something new (features)
scarce coin
advertised/hyped
shows real world use
shows online games, services or gambling

ezehy2014

sr. member

Activity: 257

Merit: 250

Quote from: SulmaINO on August 04, 2016, 07:55:03 PM

I'm kinda new, and many times it happened to see that the first time they are on the market, worth (for example) 5000 Satoshi, and then, a few minutes, price decreases to 10 satoshi.
Or happend the opposite thing.
I think is because to:
-The Dev or the Team (Of course)
-The exchange
-The interest of people
-Or some alien reason?

Any ideas?

Well if an owner if a faucet leaves the earning at 2000 satoshi he/she may loss a lot money instead of gaining due to the fact that they earn only through advertisements so after getting traffic, they have to bid the amount down

SulmaINO

jr. member

Activity: 58

Merit: 10

I'm kinda new, and many times it happened to see that the first time they are on the market, worth (for example) 5000 Satoshi, and then, a few minutes, price decreases to 10 satoshi.
Or happend the opposite thing.
I think is because to:
-The Dev or the Team (Of course)
-The exchange
-The interest of people
-Or some alien reason?

Any ideas?

Topic: What determines the price of a currency, when it enters to the first exchange? (Read 586 times)