Re: [ANN][ZEIT] ZEITCOIN -- 5 EXCHANGES POW/POS 11 Ghs Nethash
can or does anyone on here know exactly what determines a coins value? what is it that makes the value go up or down? or does no one actually know? I have an idea but im baffled because it seems values are easily manipulated, even one person alone is able to spike or completely flat line a coins value if they have enough resources at their disposal. Iv done a search online for answers but found nothing.
Supply and demand.
Simple as that, sure there will be short term anomalies but in the long run it's all about supply and demand. This is what makes coins like zeit with a 99 billion coin float almost guaranteed to be stuck in low valuations. It takes an enormous demand to overcome that kind of supply.
unlike DOGE, the supply will come in much slower
in less then 3 months 57% of DOGE's have been mined
it will take ~10+ years for ZEIT to get to 57%
for the time being you can expect 25%-32% during this year
I think also it is too early to determine as it will depend on what infrastructure will come with ZEITCOIN and what is rolled out in future. For now the Whales and miners will dump coin cheapo. I for one will not dump my half a million or so ZEIT for 1 or 2 sats. I am going to be patient and hold and wait and see..
