Re: [ANN] Crypti | Release July | 100% POS | New Source

I was rounding up to 1000 because I doubt that the price would ever break 1000 satoshi.

litoshi,what reasons cause you doubt that the price would ever break 1000 sat after launch on bter?

Becuz, if you look at alt coins without any community or ongoing dev support, like METH, Jackpot, Lottery coin or Asia coin, they quickly fall into the double and single digits. Why? Becuz they are not worth anything in the real world. You can only use them to trade for other alt coins.

Whereas, alt coins with even a minimal community prosper: DOGE, MAX, URO, VIA, REDD.

Looking at DOGE coin for instance. The price is now 38 sats, BUT there is a supply of 87 BILLION coins. Thats 870 times the supply of CXX. If CXX were to be equal in value to DOGE, CXX would sell for 38 times 870 equals 33060 sats. Thats $0.20 USD

RIPPLE, which is not mineable, like CXX, has a supply of 100 BILLION COINS, 1000 times CXX. The RIPPLE price is 860 sats. If CXX were to gain par with this coin, CXX sells for 860000 sats or 0.0086 BTC. Thats $5.34 USD!!

With all the hype about this coin, I fully expect it to sell on day one for an average of 5000 sats per CXX and go as high as 15000 sats, and a low of 1000 sats if there is a major dump. Once the emotion-driven traders have see-sawed the market, CXX will settle in a narrow trading range.

At this point, the value of CXX depends completely on the attributes and features of the coin, the trust in the devs, and the chatter in the alt coin community. In short, the first few days will be emotional trading where greed and regret prevail. After that, value will determine the future of CXX.

Price is what you pay, value is what you get.

I'm confused. Why are you in this thread? Did you invest or not?

I'm confused. Is this a closed topic? Is this topic only for investors?

FYI, I have been lurking here since the second page, but delayed posting until page 13. I started out as a critic of this coin, having seen other similar IPOs come and go, resulting in BTC for the devs and dashed hopes for the investors.

I started to trust the devs when they agreed to a 750BTC cap on the pre-sale. That showed me the devs were not just out for a quick buck and then disappear. If the pre-sale was still open, I am sure the investment would be around 2000BTC, diluting the coin value, but enriching the devs.

This coin further gained my trust when I saw the effort they are putting into development, and not just cloning an existing coin with open source software.

I do still have one lingering concern about CXX, and that is how they are going to maintain a large enough and sufficiently active hashing network so as to avoid double spending and coin cloning by a malicious party with a moderate amount of computing power. Miners perform this function for other coins, but since CXX is not mined, there are no miners.

The truly professional coin launches are a rare find.