Re: [ANN][CRBIT] Creditbit Hybrid POS/POW | x11 | 1min blocks | 100M CRBIT
Did a small calculation...
There are 94300 CreditBit for sale at Livecoin.net ... for a total of 65.6 BTC
If you were to buy all of them... you would be paying 79.200$
That makes the price 0.84$ per CreditBit
Good bye cheap coins
There are 94300 CreditBit for sale at Livecoin.net ... for a total of 65.6 BTC
If you were to buy all of them... you would be paying 79.200$
That makes the price 0.84$ per CreditBit
Good bye cheap coins
So, if I also have (my own) 94300 Creditbits and sell them for 1 BTC each:
1. I will be on top of the Selers in order book as the highest sell order of CRBIT/BTC
2. For anyone to buy all the 188600 Creditbits, he would need 65.6 BTC (for the first 94300) PLUS 94300 BTC more for my next 94300 Creditbits.
3. This makes the 'price' per Creditbit almost $604 !!!
4. And this can be done in less than a minute, all it takes is for me or anyone to place a Sell order for 94300 Creditbit at 1 BTC each.
Great math to prove the real 'price' of any coin... please guys, get serious.
But no one will buy it at 1btc so your theory makes no sence at all...
All I said is how much you need to spend to get the whole batch...so the 'real' price is dictated by how much you want to buy...like I said, pretty simple math...