I hope XBC's scarcity at the time being, won't become a serious issue for us, as the relatively low price allows for too many coins to concentrate in too few hands.
A higher price of XBC would make the low liquidity available seem less of a problem, also it would encourage more sellers to come forward willing to sell.
The more i look what BTC38 exchange has done for Zcoin (XZC), especially in the last couple days, the more convinced i am, that BTC38 would completely turn around things for good.
Maybe more than we could even imagine, considering that BTC38 alone has increased XZC price a 20fold over the course of past 3months (from $0.30 to $6.00 yesterday), albeit XZC
has currently about 17 times the supply size of XBC. Now imagine what a comparable lift in price would do to XBC, taking into consideration a 17times smaller supply size?
20 times 17 = 340times
You can check out here for yourselves:
http://coinmarketcap.com/currencies/zcoin/#marketsThe BTC38 daily volume for Zcoin (XZC) is as much as 12 times (!!) higher than their daily Bittrex volume.
The interesting thing to note here is, that this literally INSANE volume is incoming in the CNY (fiat) Yuan market, but NOT SO in their btc-denominated market.
So what we would really need is a tradeable XBC/CNY fiat market at BTC38 exchange. (not necessarily a XBC/BTC market)
Have no doubt anymore, that BTC38 exchange would bring XBC price to $15 at the very least, and in a relatively short amount of time, but most likely way beyond $15 after a couple of
months trading there.
BTER exchange has much, much lower volume for most altcoins listed there.
Even Bittrex volume cannot compare (and by far) with the daily volume that BTC38 has for many altcoins.
BTC38 might prove to be the very best thing EVER (or since a while) to occur to XBC, if we could somehow manage to get listed there.
I just think, the low liquidity and scarcity XBC is struggling with at such a low price, will permit us to only add 1 additional major exchange, and maybe we should not hurry and go for the first
and easiest exchange candidate, but rather strive for BTC38 even if it takes longer or has a higher cost, but ultimately it may be worth every single penny spend and much much more.
I'm not sure if BTC38 is engaging itself in market-making the way Poloniex clearly does (by owning and offering XBC tokens and also bidding bitcoins), because if not, there could be little XBC
offerings even if XBC would get listed at BTC38. (similar to CoinExchange or Cryptopia)
In such a case we would need our own mechanism to buy tokens at Poloniex, transfering them to BTC38, selling them at BTC38 in exchange for CNY Yuan, using the Yuan to buy bitcoins there
and transfer the bitcoins back to Poloniex to slowly buy more XBC tokens, and doing this over and over again, and for a couple of weeks or even months.
Any thoughts?