Post
Topic
Board Announcements (Altcoins)
Re: [ANN] New X11 coin Bollywoodcoin & Coinvidz.
by
drkwarrior
on 18/11/2014, 07:31:56 UTC
Ok, first off this is a great idea I really like it but there are some things I would advise to reconsider.

1. Altcoins are in a huge depression, your starting price leaves little upward mobility in the current state of crypto. (one example I can think of is Archcoin which has multiple real companies being built around it and is also legit but look at the price ~6k sats with the support of a dev wielding 1000's of btc)

2. How do you plan to support the price? This is the worst fear of all ICO's lately even ones with good devs (blocknet,tilecoin,BAY etc etc) have shown prices crash; all of us are just plain tired and broke from too many crowdsales that never reach a decent price.

3. Show me one coin with similar coin count that has launched in the past 4 months that is over 5k satoshi. (not including VIA)

I am not trying to FUD, but I think you would have greater success lowering prices/modifying coin counts etc.

All crypto is struggling just now espescially alts, our starting price is based around 5k sats that is roughly 1 rupee.
We plan on supporting price by buying, we have no bdc just like everyone else, we have to buy them and we will also be adding some buy support from crowd fund. We will also use the funds to bring new content to coinvidz that the community wants aswell as signing exclusive deals wth content providers and we will bring text based SMS transactions to Bollywoodcoin soon.
The coin supply count is very interesting, there will be 14400 per day which is low compared to alot of alts so price shouldnt be affected much by any miner dumps.
Cheers