Who on earth valued feather coin so high - page 9.

farlack

legendary

Activity: 1310

Merit: 1000

Quote from: mr_random on April 23, 2013, 04:48:42 PM

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.

Quote from: farlack on April 23, 2013, 04:43:55 PM

Quote from: anderl on April 23, 2013, 04:42:27 PM

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.

thep33t

full member

Activity: 126

Merit: 100

Quote from: farlack on April 23, 2013, 04:47:46 PM

Quote from: master-P on April 23, 2013, 04:44:57 PM

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.

mr_random

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.

Quote from: farlack on April 23, 2013, 04:43:55 PM

Quote from: anderl on April 23, 2013, 04:42:27 PM

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.

farlack

legendary

Activity: 1310

Merit: 1000

Quote from: master-P on April 23, 2013, 04:44:57 PM

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.

The Koolio

hero member

Activity: 560

Merit: 500

Minds are like parachutes they work best when open

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!

Jason101

newbie

Activity: 9

Merit: 0

Quote from: The Koolio on April 23, 2013, 04:37:29 PM

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

master-P

hero member

Activity: 868

Merit: 1001

https://keybase.io/masterp FREE Escrow Service

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.

farlack

legendary

Activity: 1310

Merit: 1000

Quote from: anderl on April 23, 2013, 04:42:27 PM

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.

peacefulmind

full member

Activity: 196

Merit: 100

Quote from: The Koolio on April 23, 2013, 04:37:29 PM

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.

anderl

hero member

Activity: 714

Merit: 500

supply and demand. who on earth valued BTC at 124 each? Tongue

don't complain about it, instead capture the arbitrage. Kiss

thep33t

full member

Activity: 126

Merit: 100

It is valued by the market. Which is fickle.

mr_random

legendary

Activity: 1344

Merit: 1001

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.

The Koolio

hero member

Activity: 560

Merit: 500

Minds are like parachutes they work best when open

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

Topic: Who on earth valued feather coin so high - page 9. (Read 21632 times)