Post
Topic
Board Altcoin Discussion
Re: Is DOGE dying or does it just need a vet?
by
jayso043
on 04/01/2014, 20:10:18 UTC
At current prices (0.00000031btc), the 500,000 per 1 min block mining supply, needs each day 223.2 of BTC demand to match that supply, each and every day to at least maintain that price. Some motivated buyers will have to come into the market to bid up the price. Given that approx 20bn of the 100bn coins have been mined, and the decline in price, it makes sense for miner to sell any stock produced while difficulty was higher into the market as soon as possible. Mining difficulty is already reducing thus maintaining the profitability of the coin at these lower prices as for each Hash the payout in coins is approx double that a few weeks ago when difficulty was higher. If you buy coins you need to understand the supply side, and you will see that the features of this coin will ensure that it will go below 0.00000010. Try doing a scatter plot of the price of each script coin in btc vs the daily supply and you will find that you can determine coins that are over/under valued.