sigh
I'm looking at coinmarketcap.com and I'm seeing only 8 out of 100 crypto's that is in the green and the rest are in the red thanks to bitcoin dropping like a stone, which is apparently due to the Chinese yuan fluctuation.
See, that means xaurum is just another speculative crypto at the moment when the whole point of being backed by gold was that it was underpinned by a real commodity and therefore wasn't a speculative crypto.
Obviously, the point of being or having a gold reserve is not being disseminated as it should be.
If people comprehended that xaurum had a gold base then xaurum would have risen today.
I'm looking at coinmarketcap.com and I'm seeing only 8 out of 100 crypto's that is in the green and the rest are in the red thanks to bitcoin dropping like a stone, which is apparently due to the Chinese yuan fluctuation.
See, that means xaurum is just another speculative crypto at the moment when the whole point of being backed by gold was that it was underpinned by a real commodity and therefore wasn't a speculative crypto.
Obviously, the point of being or having a gold reserve is not being disseminated as it should be.
If people comprehended that xaurum had a gold base then xaurum would have risen today.
What an idiotic thinking. Everything has supply and demand, therefore the price is going up or down. If something is "measured" in something volatile, do you really expect that the golden backing would stop the down fall? Everything lower more than 20% than production price is literally free. Why? The beauty of production price and golden backed currency is that is has NO inflation if the market shows that it does not need it, but when the market shows that it does need it than the mint (and new golden dividends for everyone) is done. Go buy shitcoins instead
"Everything lower more than 20% than production price is literally free."
Everything lower then 20% of currect production price is actually free.. couse gold base is a bit less then 20% od current production price.. Everything more is pure speculation.
The only thing that can save xaur price from falling another 50% is either drastical rise in gold price or constant demand from new investors.