Post
Topic
Board Announcements (Altcoins)
Re: ►►►[XBC] BitcoinPlus ►Official Thread◄官方公告◄◄◄
by
BitcoinPlusBus
on 17/12/2017, 10:38:33 UTC
New investors tend to be very price focused so when they see each coin is already $100 they might be hesitant to invest. Many of them have no concept of total market cap and will buy IOTA with a super high marketcap because the coins themselves are super cheap. If it wasn't for that I might back this one and buy $10K to $20K worth but human psychology plays against it because of the stigma of each coin being worth $100.  I know, BTC and LTC are at higher prices, but they are BTC and LTC. Nice coin otherwise. Looks suspiciously familiar. Wink

I would suggest doing a 10 for 1 coin split, if possible, and giving all owners 10 coins for every one they hold and increasing the total supply by a factor of 10. You could even go 50 for 1 and be perfectly fine. How many altcoins have been able to make big gains with low coins supplies and high prices? The number is not high.

Where I work people won't buy into the company stock because they say the "price is too high" and they want the company to split the stock first. When I tell them that it doesn't matter what the price is, if they split the stock the number of total shares doubles anyways, their eyes seem to gloss over. Given the amount of "dumb money" investing in cryptos, you have to look at shit like this.



We are just a cryptocurrency and not an investment.I wouldn't advise anyone to dump their pension fund and buy any coin including bitcoin or any other coin out there because the whole market is price manipulated.You have to remember we were at 10 cent at one stage so the reality is we could go 10x lower or 100x higher.I say only 10x lower because it would practically be impossible at this stage from my basic understanding of the price v cap v supply where it would be heavily bought if it went so low but I personally would not buy it at 100x higher if you understand where I am coming from.The last XBC I purchased was at .03 btc so if you factor in the bitcoin price rise v the floating XBC price I would have been better off keeping my bitcoin instead but its all a gamble with the craziness that's happening.

We won't be splitting coins after the endless hassle,abuse and headaches we suffered after the last coin swap even though we were the ones doing the favour at the time but there is a possibility we could look at decimal/digit/point places within the current index but that would have to have a large clear majority community consensus.XBC still is a very low transaction fee coin and still has 60 second block times and still has a native tor wallet that requires no setup along with p2p messaging which is really all that is practically needed for p2p payments but we are now adding segwit and CSV once we have codebase eventually hauled up to a higher spec in order to allow this.Also after BIP 65 we can look at DEX and atomic swap compatability.All this is coming to XBC in Q1 2018 so I can't see any reason for price to fall but as I said the whole bitcoin/altcoin market is absolutely manipulated without a doubt.