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Showing 15 of 15 results by Prabhuvinod
The more the supply the lower the price.
okay.. but what I am asking is: "How is the initial price determined when the coin is introduced to the market initially?"
Once it is in market, the relative supply, demand and (total marketcap)/(total coins in circulation) determines the price.
But "How is the initial price determined when the coin is introduced to the market initially?"
And also, there is NO ICO. So no initial money backing. Imagine that the coin is only distributed by airdrop and mining.
Thank you
crypto are priced by speculation. speculation is based on the potential of coin or amount of money collected in ICO
ohh.. I somewhat understood thats the case for ICO based tokens.
But my doubt is: "When there is no ICO(coins are distributed through airdrop and mining), how is it's initial price decided?"
Total supply plays a part, as does mining difficulty, and also the faith that people have in the project.
If there is a huge supply, or mining is very easy, or (worst) people have no faith in it, then this would be reflected in a low price.
But yes, until a coin is tradeable then this is all just a guide. Ultimately the market determines the price.
If there is a huge supply, or mining is very easy, or (worst) people have no faith in it, then this would be reflected in a low price.
But yes, until a coin is tradeable then this is all just a guide. Ultimately the market determines the price.
Thanks for reply..
I understand "Total supply plays a part, as does mining difficulty, and also the faith that people have in the project." part.
But how is the actual price decided based on above criteria?
Who will determine the price? Exchange? Creator of coin? Miners? Users?
Is there any standard criteria?
Like:
- Total supply should be in range X,Y.
- Mining difficulty should greater than Z.
- Minimun number of votes are required to be listed on exchange at specific price
Hi all,
I am new to cryptos and I have a very basic doubt(may be it is stupid)
For the tokens and coins that had ICO or funding, the value/price of the coin will be backed by the money from ICO/funding.
But how are the coins like DeepOnion which only airdrop and mine the coins get their value?
I am confused.. How will the exchanges decide their price?
Thanks for explanation, in advance..
I am new to cryptos and I have a very basic doubt(may be it is stupid)
For the tokens and coins that had ICO or funding, the value/price of the coin will be backed by the money from ICO/funding.
But how are the coins like DeepOnion which only airdrop and mine the coins get their value?
I am confused.. How will the exchanges decide their price?
Thanks for explanation, in advance..
I started investing in cryptos 2 months ago..
But I donot have much to invest to invest in BTC, so started investing in different altcoins. And it worked(it seems to be). Currently waiting for the BTC dip. All the best for us all.
But I donot have much to invest to invest in BTC, so started investing in different altcoins. And it worked(it seems to be). Currently waiting for the BTC dip. All the best for us all.
Any hyderabadis who can help me in the botcoin business?
Yeah, definitely.. If we know what business it is.