Post
Topic
Board Announcements (Altcoins)
Re: [GPUC] GPU Coin | Selling GPUs at prices cheaper than Newegg
by
madbit1000
on 22/03/2014, 12:36:22 UTC
Quote
You are forgetting one very fundamental thing... the miner and his GPUC/MH/day. No matter what push and pull, the market will always settle down to this price range... we can call that the equilibrium price (EQ). If its higher, people all drop their current coin jump to mine this one and sell for that high price till it drops to the EQ price . If its lower, people all drop the coin and go to another coin. This scarcity will have people bidding one other to buy the coin till it reacher EQ range. It would be foolish for the CEO to list prices that are not in this EQ range.

I think you are also missing one point. That most of the other coins have no other real purpose other than just being a coin. Gpucoin has something different, they have a product behind the coin. This creates further interest that most of the other coins don't have.



The EQ range is irrelevant with this coin. Thats my point i was trying to explain. Read it again. As their value doesn't matter either, the amount of coins also do not matter. As long as they equal less than the price per GPU or what ever he is selling, compared to other websites. People who got in first will benefit the most here, as the coin prices will rise, due to people getting GPUs for their coins.