Quote from: SummersideGuy on October 13, 2018, 10:56:41 PM

Quote from: Babad00k on October 13, 2018, 07:24:10 PM

Quote from: SummersideGuy on October 13, 2018, 05:36:13 PM

Quote from: adaseb on October 02, 2018, 06:10:00 AM

Well it looks like maybe, just maybe we might of hit our bottom at 55 Sats or so. Looks like yesterday there was massive volume and we got a bump to 67 Sats.

I predict that the reason why we hit so low a price is due to the huge supply being introduced everyday. Hopefully there is a issuance reduction on this coin soon or miners will keep dumping and dumping and it will keep hurting the price.

The price being so low has nothing to do with Musicoin specifically. All Alt coins except the top few are suffering. I dual mine Music and Lbry, at one time Lbry was worth 6000+Sat with Music at 250 now it sits 655 Sat, that is a much larger decrease in value then what Music coin has seen.

Thats a bunch of BS. You can check coin marketkap, quite a few coins have at least recovered a bit whereas musiccoin ist just going down. But thats no suprise. IM not 100% sure, but not too long ago the total supply was 1 bln, now its 1,1 bln. And in a reddit post i read that in either 60 or 160 days, total amount of coins will be 2 bln. No wonder if within half a year, double the amount of coins exist, meaning at least price halving + bear market.

Team HAS TO CHANGE the limitless amount of coins.

Part of the idea of btc to go up was because its limited in quantity. By eliminating max supply of musicoin, you do the same mistake as USD or EUR, eventually leading to a mass inflation. Its simple Economics 101

You can call it BS all you want. majority of Alt coins are 5-10 times lower in value then what they were in Jan-Feb. A lot of people in this thread act as if this is the only coin suffering. Yes the volume is a factor however it is not the only factor and it is not the largest factor

True. And Jan-Feb is not a point to compare it to. Compare it to Mai 2017, waaay before the pump. At this point. musiccoin was worth more than it is now. So even if you blank out the insane pump of jan feb, it is still currently at almost its lowest point in its existance.
I think thats due to the immense influx of new coins that people more or less sell straight away. And the lack of new buyers.

But no doubt, if bitcoin goes to 200000000000 USD, musiccoin will go up as well. But thats not really the success of the project then..