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
after week six it will be 2880
thats a 650000 reduction in supply growth, even if you look at it from week six, its still be a factor of 20312
Listen I actually consider myself at least someone who know the market of these coins very well. I only mess with POW\POS hybrids or coins with hype (AUR, MAZA) and long term with coins that have actual innovation (dark, premine) ect. There is few things you MUST watch out for and other clues that help. 1. How hot is the thread? 2. If there is a premine, is it large? If it is not large, is it being used properly? 3. Is there long term wallet problems? 4. Did the dev disappear or has the website gone down? 5. If the price starts to rise to a point when people say things like "we are going to 100 satoshi" if its already up 2000% sell. You will make money if you follow these rules