Post
Topic
Board Announcements (Altcoins)
Re: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer
by
BEECoinfan
on 11/07/2014, 19:15:27 UTC
Even if 1 trade is made, that does not give it a real value.  If that trade is made, that doesn't mean the price on the exchanges is just going to shoot up either.  It's only a real value if it can maintain that price.  Just because I can sell $30 watch to a naive person for $350 does not make it's value $350.  It's still high speculation.  Doesn't mean I won't keep my eye on it, but I'm speculative.  And unfortunately I have real work to do, time to close the BCT.org.

That's not really a fair comparison as they are a delivering a product worth $300 which is currently trading at $6 so it would confirm they legitimately mean business and are willing to bear the risk.  If you know you can get something worth $300 for $6, $50 or $250  there will be new buyers who actually want to use the product and if they can get it at a discount they will buy.