Why do altcoins sell for different prices?

Daffadile

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Quote from: Woodford on October 18, 2016, 08:40:41 PM

I’m new to altcoins. Just understanding what a Bitcoin is took me awhile. Now I’ve hit another wall. How can some altcoins, like DASH for example, sell for $10.00 and one like Vcash sell for $0.23? I don’t get it.

Is there some inherent market difference in what each altcoin is capable of or it is just a matter of who’s brand name sells the best? I mean if all altcoins are based on the original Bitcoin software, with slight changes, how can there be a such a large difference in price between them? Why can’t Bitcoin suffice to fill the needs of all money transactions around the world that these secondary altcoins do? Do we need them? Why?

Like I said, I'm new to this altcoin market. It makes no sense to me to have more than one altcoin than it does to have multiple currencies.
Explain . . .

Thanks
Woodford

Why does a stone on the floor cost nothing but a piece of gold worth alot ? Mining difficulty. Supply and demand. Google it. There more rare something is the more it is worth. I thought you would know this by now.

Labumi

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Quote from: Alternative on October 20, 2016, 10:10:34 AM

That's simple : altcoins have close-to-nothing intrasecal value, so all the rest is up to who has money and will to give them that price.

Yeah it's something very simple. Because all of the trading system are definitely looking for profits, so if there are people who are trading already ascertained they seek profits by playing the existing prices. So, this is something that is very reasonable, so everything you say actually doesn't have to be asked. Altcoin is the currency of the bitcoin amplifier and he just to give color to the growth of the bitcoin

dearbesz1219

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Quote from: Woodford on October 18, 2016, 08:40:41 PM

I’m new to altcoins. Just understanding what a Bitcoin is took me awhile. Now I’ve hit another wall. How can some altcoins, like DASH for example, sell for $10.00 and one like Vcash sell for $0.23? I don’t get it.

Is there some inherent market difference in what each altcoin is capable of or it is just a matter of who’s brand name sells the best? I mean if all altcoins are based on the original Bitcoin software, with slight changes, how can there be a such a large difference in price between them? Why can’t Bitcoin suffice to fill the needs of all money transactions around the world that these secondary altcoins do? Do we need them? Why?

Like I said, I'm new to this altcoin market. It makes no sense to me to have more than one altcoin than it does to have multiple currencies.
Explain . . .

Thanks
Woodford

Nowadays actually, most altcoin is using mining that's the reason why there is different prices. LIke ETH is using mining, perhaps its one of the reason it became 0.01 btc something the price of eth. meaning, obviously they investors who rent there mining. please correct me if I'm wrong.

Alternative

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That's simple : altcoins have close-to-nothing intrasecal value, so all the rest is up to who has money and will to give them that price.

Superbitzz

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different coins have their own values and depending on demand and supply, if you people take interest in an altcoin they like to buy it and so the demand increase which really increase the value of that coins.

connexus

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Sometimes depends on the popularity of an altcoin, best example is Dogecoin no matter how large the coin supply the community stands behind it and makes it very valuable price wise.

hisuka

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Altcoins has different prices because of different developer
of the coins. Different goals in developing the altcoins, its
different of demands ans dupply, thats why it has different
prices. Like in the market, each goods has different prices
also.

NiceDev

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Because different altcoins have different coin supplies, different communities, and different applications and goals.

BTCwriter

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Each coin have more hype than others.
Different hype, different price. The hype is base on the team involving with the coin.

fortunecrypto

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At the start the Ico the dev can decide what will be the price of the coin,and when the coin is now tradeable on exchanges it is now up to the traders to speculate by the sell and buy wall what will be the price of the a certain coin.

tiggytomb

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Quote from: rigel on October 19, 2016, 01:30:27 AM

One word: speculation.

No altcoin has a real use today. You can bet on the future of some of them.

I agree and like this response. It is pretty much pure speculation, betting on the potential of the given coin rather than it's current state.

Red-Apple

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it is mostly because different altcoins are created by different people (developers team) so in other words they are completely different from each other.

some of them are managed by a good team like litecoin and some of them are just random code copy paste stuff.

also the price as others said is mostly the result of how they are advertising the coin and a little bit about how interesting the coin itself is

mace15

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The altcoins sell for different prices because as you noticed every
market has its demands and supply. Every market has its volume,
like bitcoin price everyday its a volatile price. Like the price of gold,
others goods and services price each is different.

Emperor of Man

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Considering the exact nature of your question, an important factor would be the total number of available coins. Take a look at coinmarketcap currencies:

http://coinmarketcap.com/currencies/views/all/

As you can see the total number of DASH coins (available supply) is less than 7 million, but Vcash has around 15M coins available.

Also take a look at a coin like NEM which has the 9th. big market cap. Many people believe it to have one of the brightest futures in altcoin land, but there are 9 billions NEMs available, so its price is only 0.003 USD. But a coin like SYNC which is the 165th. coin has a price of $135, because there's only 1177 of it available.

Of course any factor that affects demand would affect the price too (the development team, the roadmap, etc), but what makes this kind of huge price differences is the supply.

Pursuer

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Quote from: Woodford on October 18, 2016, 08:40:41 PM

I’m new to altcoins. Just understanding what a Bitcoin is took me awhile. Now I’ve hit another wall. How can some altcoins, like DASH for example, sell for $10.00 and one like Vcash sell for $0.23? I don’t get it.

Is there some inherent market difference in what each altcoin is capable of or it is just a matter of who’s brand name sells the best? I mean if all altcoins are based on the original Bitcoin software, with slight changes, how can there be a such a large difference in price between them? Why can’t Bitcoin suffice to fill the needs of all money transactions around the world that these secondary altcoins do? Do we need them? Why?

Like I said, I'm new to this altcoin market. It makes no sense to me to have more than one altcoin than it does to have multiple currencies.
Explain . . .

Thanks
Woodford

it is all about the hype they have and also the pump groups that are interested in these coins and in some cases the amount of money the team behind it are injecting in the project themselves like ethereum that ethereum foundation have been throwing lots of money to keep the price up.
there is no real usage for altcoins as of the current day and I don't see any usage for the future either.

JeffBrad12

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Quote from: Woodford on October 18, 2016, 08:40:41 PM

I’m new to altcoins. Just understanding what a Bitcoin is took me awhile. Now I’ve hit another wall. How can some altcoins, like DASH for example, sell for $10.00 and one like Vcash sell for $0.23? I don’t get it.

Is there some inherent market difference in what each altcoin is capable of or it is just a matter of who’s brand name sells the best? I mean if all altcoins are based on the original Bitcoin software, with slight changes, how can there be a such a large difference in price between them? Why can’t Bitcoin suffice to fill the needs of all money transactions around the world that these secondary altcoins do? Do we need them? Why?

Like I said, I'm new to this altcoin market. It makes no sense to me to have more than one altcoin than it does to have multiple currencies.
Explain . . .

Thanks
Woodford

A lot of factors can affecting the price of any altcoin, like the dev, the future ideas, and planning, the demand or the total of the assets from a platform are get sold by a mass. it's not about the volume, demand , and supply but most important factor are how many the platform are can sell their assets into the mass adoption for taking a first value of the coin.

rigel

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One word: speculation.

No altcoin has a real use today. You can bet on the future of some of them.

clickerz

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Quote from: TraderETH on October 18, 2016, 11:13:38 PM

I think every markets has rates by them selves depend on demand and supply, but usualy the rates of price is no too high for different , and it will not be survive for time. because some traders using strategy of arbitase, if there are different price between markets.

Yes, its the supply and demand that help determine the price of coins or other altercoins. it depends on community supports and how much other wants to pay for the demand of such coin.But for me, the importance of the said coins is a much,its uses and significance in our daily transactions.

Herbert2020

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Quote from: Woodford on October 18, 2016, 08:40:41 PM

I’m new to altcoins. Just understanding what a Bitcoin is took me awhile. Now I’ve hit another wall. How can some altcoins, like DASH for example, sell for $10.00 and one like Vcash sell for $0.23? I don’t get it.

first of all you shouldn't think of altcoins the same way as you see bitcoin or other markets because in any other market (bitcoin, gold, stocks,...) the price is set based on supply and demand. but things are different in altcoin market, the price is mostly set based on hype because there is no real usage for ~~any of~~ 99% the altcoins out there.

Quote

Is there some inherent market difference in what each altcoin is capable of or it is just a matter of who’s brand name sells the best? I mean if all altcoins are based on the original Bitcoin software, with slight changes, how can there be a such a large difference in price between them? Why can’t Bitcoin suffice to fill the needs of all money transactions around the world that these secondary altcoins do? Do we need them? Why?

the idea is almost the same as bitcoin but there are some bigger changes too, not all of them are small changes.
but the price is to some extent only the brand name in my opinion and in some cases there really is no difference between x and y but their prices are too different.

Quote

Like I said, I'm new to this altcoin market. It makes no sense to me to have more than one altcoin than it does to have multiple currencies.
Explain . . .

there are multiple altcoins in the market because it is all an open source community and even you can just fork any of the altcoin code and just change a very small part of the code and name it WoodfordCoin Cheesy

CraigWrightBTC

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Quote from: Cryptotraider16 on October 18, 2016, 10:59:03 PM

some already for mining cost 1$ some cost 0.0001$

Yes you are right, it part of factor why there are different price for altcoins and as we know difficulty of coins every time always be increase. It is mean cost electric becoming increase too, but there are some countries who using free electric or low fees for pay electric.

Topic: Why do altcoins sell for different prices? (Read 1209 times)