Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
Actually Neucoin basic value 0.00004 BTC.
Basic value right now on Bittrex
Yes it is bottom we are lucky to buy if we have bitcoins
As long as the price is over the crowdsale price, meaning early buyers can make a good profit (still 10-25% on their investment in just a few months), there will naturally be a lot of sale pressure from crowdsale buyers selling parts of their holdings, selling all and buying it back later, or even just plain selling and making a profit. Sit tight. This is about mainstream user adoption and utility, and growth will come from PoS and steady organic growth in user numbers. Traders can trade all they want - the real value of this thing is in the games, the social media, the mainstream user adoption. If that comes neucoin will have a ton of value. If it doesn't it come, the it won't. Just sit tight.
Please, do the math and think about it... Mainstream-adoption etc. is impossible! Even if this wouldn't be a planned Scam it wouldn't have any(!) chance to succeed.
Let's try it this way:
1. Imagine you are a big Investor. And you look at the distribution and you look at the inflation. There are about 100 mio Coins on the market right now (some more because of staking). But 2.9 billions are staking behind the curtain and every two weeks there is a 100%-inflation out of public perspective (100 Mio). Why the hell should you throw just 1 BTC at this even if you have 10k BTC?
2. Imagine you run a company: Why the hell should you implement a coin with this (without any) distribution and such an inflation?
3. Imagine you are a Developer for games: Why the hell should you damage you credibility and the potential of your product with a project like this?
The initial supply for the public was 100,000,000
The initial total supply was 3,000,000,000
This Coin went public a few days ago, and now there are already: 3,051,455,976 Coins!
+ 51.4 Mio Coins! That's more than 50% they sold in the public ICO!
Think about that! This project has absolutely no chance. It has no chance as a Scam and it has no chance as a legit project. And btw: How can this be legit?
What I don't get is: How stupid this is! I mean, it's much smaller than Paycoin but worse. It's so unprofessional. They worked 1 1/2 years on a project and this is the result? The group behind will make little money out of it, maybe they'll even lose money. But without any doubt they'll lose every bit of credibility. And maybe they'll have to face some legal consequences. Maybe not, because nobody seems to be interested... ;-)