can some one explain me ... what stand on the base of his price?... it is ``invented`` out of air?.... if that`s so.. in one month or faster we will see it DEAD ... or allmost like dead...., or I`m wrong... but...I still do not get it... 1x42 coin= ~1 milion dollar, value based on what?... dreams....?
scarce?..... only 42 coins?
pfff.... then le`s clone it... and make 11 coins... and with 1 coin at a value of 3-4 millions $ ... fucking shit...inventions over inventions... inovations... take something of that... combined with that... and add a sparkle of dreams to fool people , come one?...
we wanna see something from scratch... no nothing from there and there...
why bitcoin devs have not tought about it?.... why make so many millions of btc?... instead of 30 btc?.... with astronomical invented price out of thin air?
scarce and uniquie?.... that`s all that it takes?... come onnnnnnnnnn
we are not so foolish like before... we learned from mistakes... we had enough with alt coins... dream coins... dog coins.. and dickcoins... what ever invented.. cloned... addes something from quark.. added from skein... added from what ever bull shit github free source
....really dissapointed
Price practically depend on the altcoin market as whole. Investors can only buy new coins from miners. Miners will only mine coins which are profitable to mine.
So, either investors give miners a nice enough price to continue the mining or the coin dies. This price is relative to all the other scrypt based altcoins out there.
Most of the GPU miners will constantly mine LiteCoin. The rest of them will jump back and forth. Many of the latter group will always mine whatever looks the most profitable in that very minute.