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Board Announcements (Altcoins)
Re: [BBR] Boolberry: Privacy and Security - Guaranteed[Bittrex/Poloniex]GPU Released
by
Anotheranonlol
on 05/08/2014, 02:27:21 UTC
I'm new in this thread, but I have been watching and investing in Monero for several months.

Now that I have studied Boolberry a bit, I am puzzled as to why the price of BBR is less than a tenth the price of XMR. There are actually a couple of features of BBR that I think have advantages over XMR. It seem to me that the prices probably should be closer to parity.

I guess it is a bit weird to ask this here, but is there something I'm missing that has led to this big price difference?

I might buy some BBR if I can wrap my wits around this discrepancy.

There is no tangible reason for such a disparity. It's largely a case of marketing and perception. (dare i say some misperception and intentional misrepresentation)
 
Once you have liquidity you can cruise in auto-pilot for a while. If there is no liquidity and large spread there will be no buyers and the coin 'dies' in the eye of the market onto the next vehicle. It's crucial to build up some volume before that happens otherwise it's usually a freefall.