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
yeah but it' still fast mining.. 12.75% in week one alone.. then 25% by end of week 6.. after that it gets to 31.25% in a year and 6 weeks.. then it only REALLY slows down after that.
hell, there's hardly any reason to mine after week 2 let alone the full 6 weeks lol.
by your logic people should have given up on DOGE after the first month, in 1.13 months it was at 25% of supply mined
its only fast for the first 6 weeks, then it drops dramatically, value will shoot up
how dramatically? lets put it into perspective
the current rate of ZEIT per day is 2880 * 650000 = 1872000000
--PoS included from this point, assuming every coin is left to age and generate PoS blocks--
after week six it will be 17126167 ZEIT/day
thats a 1093 reduction in supply growth, even if you look at it from week six, it will still be a factor of 3.4
expect bigger factors when considering not all coins will be 100% PoSing