Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: forzendiablo on March 19, 2014, 11:42:46 PM



Title: How do you evaluate new altcoin for BTC?
Post by: forzendiablo on March 19, 2014, 11:42:46 PM
Before alts hit markets peopel already pay some BTCs for them.
how is that done? i understand its coisn number+diff - but whats more or less the equation?

lets say i have a coin that has
blocks every 2 minutes
325 coins a block
90 000 000 total

what would be price more or less per coin and how did u get to that? :)


Title: Re: How do you evaluate new altcoin for BTC?
Post by: wallstreetcoiner on March 20, 2014, 12:44:20 AM
Before alts hit markets peopel already pay some BTCs for them.
how is that done? i understand its coisn number+diff - but whats more or less the equation?

lets say i have a coin that has
blocks every 2 minutes
325 coins a block
90 000 000 total

what would be price more or less per coin and how did u get to that? :)

The calculation can't be made due to unknown demand variables.


Title: Re: How do you evaluate new altcoin for BTC?
Post by: roslinpl on March 20, 2014, 01:09:31 AM
Before alts hit markets peopel already pay some BTCs for them.
how is that done? i understand its coisn number+diff - but whats more or less the equation?

lets say i have a coin that has
blocks every 2 minutes
325 coins a block
90 000 000 total

what would be price more or less per coin and how did u get to that? :)

The calculation can't be made due to unknown demand variables.
Indeed.
It is impossible to say.
Those days are hard for all of the coins and its really a speculations what you want to do.


Title: Re: How do you evaluate new altcoin for BTC?
Post by: forzendiablo on March 20, 2014, 01:48:42 AM
even more or less u cant say just by this?


Title: Re: How do you evaluate new altcoin for BTC?
Post by: MicroGuy on March 20, 2014, 02:16:39 AM
https://resourcesforhistoryteachers.wikispaces.com/file/view/supply_and_demand.gif/327401004/supply_and_demand.gif

even more or less u cant say just by this?

Price is a function of supply vs. demand. If you don't know the demand, you can't calculate price.