Re: ☷ [ANN] ☷ BITTREX ICO ☷ CLSTR ☷ ClusterCoin ☷ the Future of Money ☷☷ 7 DAYS LEFT

plus if u reduced the coin cap to 3 million you would actually sell out and cause buzz for the coin instead if you only sell less than a million it actually looks like a failed launch with little buzz... none of my posts are fud at all , I'm actually interested if the dev would have a positive resonse this time that i made it clear with legitimate reasons why the cap needs to be lowered... I'm good for 5-10 btc

You are quite vocal about your position and I have to admit that it has some merits. We are open about asking Bittrex to destroy 4 million coins, however it is not quite clear why the market cannot decide on its own. The idea we had in mind is to offer the number of coins for the ICO that is well above the expected demand (we've never expected to sell all coins) and let the market decide how much coins will be sold, i.e. let the supply be big enough so that the number of coins outstanding will be driven by the demand only. What some of you are suggesting is to limit the supply so that the demand can exceed it, thereby there will be excess demand after the ICO which will provide price support. Is that the logic?

This is the idea yea, it is beneficial to everyone if the demand outweighs the supply, wich will cause the price to rise rather than fall.

Th

that guy is right. If I their is already enough complains now. Those just don't understand it. But they decide market and hype.
You will get alot more positive responses if u ask bittrex to just destroy 4mil. Don't be greedy Take the 70btc as a cap get sold ..will do much more good

I see a pump in the making if this happens.. So just to get it straight, destroy all excess coins that havnt already been sold thus rewarding the ones that have already purchased by essentially guarranteeing a pump when it goes to market. Hmm.. Changing the rules of the game this early is odd but not unprecendented, regardless im not judging. Curious though to those that invested if you had these concerns already were you banking on being able to convince the dev to burn supply to benefit you? Thats a risky play.

Its not exactly that. Right now the max amount that can be bought is 700 btc. Their target is 70 btc. So if nobody keeps buying after 70 btc has been bought in then bittrex will delete all those cions.
But the point is that their is also a chance 700 btc will be bought up at 10k. Now then its a issue that most people don't like.