Quote from: pjviitas on March 06, 2014, 02:40:09 AM

Quote from: DaFockBro on March 06, 2014, 02:30:30 AM

Quote from: pjviitas on March 06, 2014, 02:19:09 AM

Quote from: DaFockBro on March 06, 2014, 02:12:06 AM

Quote from: pjviitas on March 06, 2014, 02:07:57 AM

How is market cap calculated?

Price x Number of coins in circulation

Current Auroracoin market cap:

.05225 BTC/AUR x 103,851 AUR = 5426 BTC

So basically what your saying is that when the airdrop happens the market cap will be approximately:

.05225 BTC/AUR x 10,500,000 AUR = 548625 BTC

That's a lot of Bitcoin.

No, what I'm saying is that even if the market cap increases from the current 5426 BTC to 20,000 BTC after the airdrop, we're still looking at a massive price drop

current market cap:

.05225 BTC/AUR x 103,851 AUR = 5426 BTC

4x increase in market cap, given airdrop is successful:

.001885014 BTC/AUR x 10,610,000 AUR = 20,000 BTC

4x increase in market cap, assuming only 10% of Icelanders claim their free money:

.016515277 BTC/AUR x 1,211,000 AUR = 20,000 BTC

No matter how you look at it, there will be a massive drop in price once the airdrop starts (and also prior to it as investors anticipate the drop)

Nobody wants to be left holding the bag when the best case scenario is the price dropping down to ~.02 BTC/AUR

Your maths don't make sense to me

Why are you changing the BTC/AUR exchange rate?

The calculations are based on market cap predictions. The price per coin changes based on the market cap and the amount of coins in circulation.

The main reason I keep posting in this thread is simply to warn people about the incoming crash so noobs don't get burnt.

I also find the lack of basic logic in this thread to be very entertaining.