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Topic: [WTS/WTB] FlutterCoin (FLT) TRADING BEGIN for first POB coin. - page 2. (Read 3800 times)

newbie
Activity: 51
Merit: 0
WTS 2mn FLT for 1.2 BTC
legendary
Activity: 840
Merit: 1000
So, the price is yet to decide  Grin
newbie
Activity: 126
Merit: 0
My starting offer is 0.5 BTC for 1,000,000 FLT.


Keep in mind that there is currently inflation of about 5,500,000 FLT per day for the first year of mining.

In two month's time there will be about 330,000,000 FLT in circulation.

My price of .00000050 BTC/FLT would put the market cap at 330 BTC in two months.

http://coinmarketcap.com/#BTC

I believe this is a fair market cap evaluation compared to the other coins on the list.

Why should there be 5,500,500 new FLT per day? Each block generates 500 to 5000 coins, so the middlevalue is 2.750 FLT per block. 1 block per minute so (2.750*60=) 165.000 FLT per hour and (165.000*24=) 3.960.000 FLT per day. Not 5.5 million. As no one else has stated this before I thought this might be interesting.

Thank you for correcting my math.  3,960,000 FLT per day is still a lot of inflation.

This means there will be roughly 237,600,000 FLT in circulation in less than two month's time.



With that being said, I'm offering .00000050 BTC/FLT.

I'm looking to buy up to 2 million FLT. 

Please PM me if you want to trade.
hero member
Activity: 562
Merit: 509
My starting offer is 0.5 BTC for 1,000,000 FLT.


Keep in mind that there is currently inflation of about 5,500,000 FLT per day for the first year of mining.

In two month's time there will be about 330,000,000 FLT in circulation.

My price of .00000050 BTC/FLT would put the market cap at 330 BTC in two months.

http://coinmarketcap.com/#BTC

I believe this is a fair market cap evaluation compared to the other coins on the list.

Why should there be 5,500,500 new FLT per day? Each block generates 500 to 5000 coins, so the middlevalue is 2.750 FLT per block. 1 block per minute so (2.750*60=) 165.000 FLT per hour and (165.000*24=) 3.960.000 FLT per day. Not 5.5 million. As no one else has stated this before I thought this might be interesting.
member
Activity: 84
Merit: 10
wts 150k flutter pm offers will sell in smaller amounts if needed
sr. member
Activity: 287
Merit: 250
WTS 100k for 0.075BTC
full member
Activity: 140
Merit: 100
newbie
Activity: 38
Merit: 0
Hi guys!
Real market value? Hm... What market value are you talking about if there are no buyers here yet?

I'll BUY 200k FLT for 0.1 BTC.
member
Activity: 63
Merit: 10
1 mil for sell, only normal offerts on pm will be accepted.
full member
Activity: 140
Merit: 100
My starting offer is 0.5 BTC for 1,000,000 FLT.

Keep in mind that there is currently inflation of about 5,500,000 FLT per day for the first year of mining.
In two month's time there will be about 330,000,000 FLT in circulation.
My price of .00000050 BTC/FLT would put the market cap at 330 BTC in two months.
http://coinmarketcap.com/#BTC

I believe this is a fair market cap evaluation compared to the other coins on the list.

You, sir, seem to have missed the argument towards why your offer is between 1/7 and 1/10 of the real market value.
Here, I'll post it again, for your convenince.

I'm looking to buy up to 1 BTC worth of Fluttercoin for 0.00000050 BTC/FLT.
I believe this is a fair valuation, based on the ~5,500,000 FLT inflation per day in the first year of mining.


That price is between 1/7 and 1/10 of the fair value. Smiley For that amount, it may not even be worth the electricity it in some places.
Let's do some calculations.

If you look at this:
http://pool.webcoin.us/flt/statistics/pool
you will see that right now you can make around 2750 FLT / MHs / day, and that is going down as the diff rises.
At your price that would be around 0.001375 BTC / MHs / day or $0.80 / Mhs / day.

Now go HERE and see what are the going rates / Mhs / day for other scrypt coins.

As you can see, the decent coins with no innovation range between $5 an $7 /Mhs / day (not counting the electricity). Note: this may vary from the time of my post.

This one has the benefit of being an innovative coin with a dedicated dev. I would value it right now at around $8 - $10 / Mhs / day, meaning 500 sat, ten times more than what you offered. Of course, that is if I would want to sell. But since this coin is Proof of Stake (variable with coin age) I think I'll hold my early mined coins for a while, unless I'm offered around double the going rate for normal scrypt coins.

jr. member
Activity: 52
Merit: 4
WTS 110K, pm me offers
jr. member
Activity: 48
Merit: 10
WTS 225k. Offer me a price.
newbie
Activity: 126
Merit: 0
My starting offer is 0.5 BTC for 1,000,000 FLT.


Keep in mind that there is currently inflation of about 5,500,000 FLT per day for the first year of mining.

In two month's time there will be about 330,000,000 FLT in circulation.

My price of .00000050 BTC/FLT would put the market cap at 330 BTC in two months.

http://coinmarketcap.com/#BTC

I believe this is a fair market cap evaluation compared to the other coins on the list.
full member
Activity: 126
Merit: 100
Selling 100k flt, 0.5 btc for all.
sr. member
Activity: 406
Merit: 250
sr. member
Activity: 406
Merit: 250
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