Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Syscoin - Business on the Blockchain - LAUNCHED!
by
Soul_eater_123
on 23/08/2014, 17:02:23 UTC
I think 10K sat is reasonable price.

Not with 300 million plus coins.  Look at the price of something similar e.g. Pinkcoin.  Pinkcoin doesn't even have the worry of more coins being produced.

Yet, blackcoin went to 90k, so if we look at supply 20k is highly possible.

This isn't blackcoin and the market is in a completely different position now.  I don't think the kinds of stratospheric rises from earlier in the year are going to happen as often as they used to (if at all).  Also from a standpoint of logic and reason the price should rise but markets don't function on anything quite so simple.  Human psychology is king here and when people see a coin total of 2 billion in addition to the botched launch and low value it scares them away.  Reason and rationality won't fix that.