Quote from: p75formula on May 09, 2016, 12:13:33 AM

Coin supply is the most misunderstood and irrelevant factors. There are not too many coins.

If the Market Cap remains constant, and there's half as many coins the price is twice as high.

If the Market Cap remains constant, there's twice as many coins the price is half.

Market Cap and rate at which new coins are distributed through mining is what matters. If you want the price to go up, more new money needs to flow in faster than people cash out. It's as simple as that.

Let's say, I create P75 coin. Guess what, there's only one available and I have it. Therefore it's rare right. Rare means worth more right? WRONG. If you'll give me one dollar, WOW that's awesome my coin's worth 1 dollar. Sound pretty good right except it's not. The market cap is now one Dollar and no one is going to give a shit.

Scarcity in Crypto is way too misunderstood and is often used as noob bait. Look at 42 coin. One of the most useless coins ever invented but it sucked in a bunch of suckers because of "scarcity". Who CARES when we can divide a coin into 100 millionths.

If I invest 1 BTC in VERGE and the market cap goes up, I make money, if the market cap goes down I lose money. That's all that matters.

People really need to start to understand the relationship between Supply, Price and Marketcap.

True for the most part, but for one thing: Due to it's low value per coin, it scales differently when traded. 10-11 sats is a 10 percent swing.

(I'm not one of those "XVG needs fewer coins" guys btw. I like the swings actually

)