Re: Trading Thread of Qora :: Second Generation Coin
Oh shoot! Qora looks stable now!
WTS 10 million Q for 30btc
WTS 10 million Q for 30btc
haha, very funny
The problem is Qora has a very limited distribution (almost as bad as NXT in November 2013), and the only reason NXT progressed was the NXT founders sold great wads of NXT dirt cheap for weeks & months (still are really). If the Qora IPO guys get greedy you'll be millionaires in a pool of 150 guys - that wont get you far. Some of you need to sell big quantities for low prices to spread the Qora around, otherwise why use Qora when we have NXT already?
Greed will kill this coin in 3 weeks. Look at the early action on the NXT trading thread - check out how low the NXT guys sold for - that's why NXT got over the distro problem.
https://bitcointalk.org/index.php?topic=345336.0
When I think of NXT, then 1M was sold for about 0.6 BTC. If I compare it to the total ammount of Quora, that would mean 10M for about 0.6 BTC. Then NXT and Qora would have the same marketcap in the first days.
BTW: 1 BTC invest got you ~80M of Qora. So selling for about 10M for 0.6 BTC would mean a rise of about 500%!!! Guys, what more could one want?
EDIT: Not considered that its not stable right now.