Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][SBC] From Death Comes Life – The Rebirth of StableCoin - URGENT UPDATE
by
samo
on 28/12/2013, 05:03:41 UTC
Quote from: decrypter on December 28, 2013, 02:52:08 AM
Quote from: CrytoEnthusiast on December 28, 2013, 02:36:44 AM
Quote from: decrypter on December 28, 2013, 02:25:35 AM
Quote from: CrytoEnthusiast on December 28, 2013, 02:22:24 AM
Yep, off of Cryptsy again. Will probably go up a few cents.

Haha, why would it go up? It can't even stay active on the exchange. What brilliant reasoning you have that: the coins instability on the exchange will increase its value.
Quaint reply. I'm basing my reasoning on the fact that the coin doubled in price during the 24 hours that it was off Cryptsy and it went down when it came back. It's already showing signs of going back up, as a matter of fact.

Past performance is no indicator or guarantee of future performance. Furthermore how can the coin double in value while its not being traded? The value is determined when a buyer & seller agree on a price and a trade occurs. Until then the value is unknown.

I can sit here all day trying to sell my SBC for 1000 USD a coin. And when cryptsy opens back up, I can try to sell my coins for that much. Doesn't mean the value increased.

True, yet history is not a factor that you ignore as we all know history never repeats itself, ever  Wink . Also Cryptsy is no longer the only exchange that accepts sbc so in essence it is still getting traded but with a lower supply atm since those that are selling on cryptsy cannot atm. Sbc is just beginning to grow allow it to mature before you attempt to demand fruit from a seed that's just starting to take root.