Yes I am new, but learning thanks to you all.
When Starting a new coin, how do you know what to set the initial value of the coin?
Can you set it at something like 1.00 if not listed on a exchange?
The people of this coin will only be trading it for a year before they start to sell it at market value.
Just need to know how to put an initial value for the coin, I know not all coins are in the exchanges so how do they place a value for it.
Please list your wallet ID and I will send you a small amount of bitcoins for real answers.
It's simple: Coins, just like everything else, have value because of supply and demand. Before a coin is not traded exchange, it's value it's 0, unless there is OTC buy and selling (over the counter, this means, people buy and sell here in the forum for example). Prices are set organically, forcing a price will not be seen as something good specially in crypto world where things are supposed to be decentralized.
Bitcoin value was 0 at the beginning before OTC market started, then Mtgox standardized the price.