Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] The NAGA ICO - SMART CRYPTOCURRENCY FOR STOCK TRADING & GAMING.
by
Ilesyt
on 31/12/2017, 21:10:42 UTC
Hi I'm new here but...

I cannot deposit naga to hitbtc and some thoughts came to my mind. Isn't this made by NAGA team to make bigger demeand of coin and thus higher price of coin in order to dump it and earn hell a lot of money? Blocking possibility of deposit coins make it impossible to make healthy coin flow from people who wants to sell and buy. It does not look good. If that case it means NAGA is incredible overprices and when restrictions will be releaved then NAGa will fell down so so much. I want to have faith in this project, but it looks really bad...
Clearly you don't know how supply and demand works.

If there are more supply, as in coins, and less demand, the price will drop.
And vice versa, if there is little supply and a lot of demand, the price will rise.

The situation of not being able to deposit means the supply is stopped, and as demand rises, the price will rise, which is what happened.

And as the deposits started working, the price dropped of NGC.