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Author Topic: How is established the value of a new coin ?  (Read 345 times)
crocko (OP)
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January 31, 2014, 10:34:02 PM
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What make a new coin "valuable" ?
How / Who establish its value vs BTC / LTC ?
How can be listed a new coin on sites like Cryptsy, Coinex, Bter then on BTC-E, Crypto-Trade, Bitstamp, etc ?
What make people to adopt a new coin ? I mean, look at DOGE.
The persons involved in launching new coins shouldn't be worried about the "value" factor ?

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January 31, 2014, 10:47:08 PM
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What make a new coin "valuable" ?

The value of a coin is mostly tied to the size and quality of the community. The bigger the community (aka adoption) the more valuable the coin.

How / Who establish its value vs BTC / LTC ?

The markets establish the price which is based on supply and demand.

How can be listed a new coin on sites like Cryptsy, Coinex, Bter then on BTC-E, Crypto-Trade, Bitstamp, etc ?

Each exchange has its own requirements. Build a strong coin and community and the exchanges will list the coin.

What make people to adopt a new coin ? I mean, look at DOGE.

This is the toughest nut to crack. Marketing and timing are essential elements.

The persons involved in launching new coins shouldn't be worried about the "value" factor ?

Value is always a concern. If the coin has no value, it has no reason for existing.
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January 31, 2014, 10:47:18 PM
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What make a new coin "valuable" ?
How / Who establish its value vs BTC / LTC ?
How can be listed a new coin on sites like Cryptsy, Coinex, Bter then on BTC-E, Crypto-Trade, Bitstamp, etc ?
What make people to adopt a new coin ? I mean, look at DOGE.
The persons involved in launching new coins shouldn't be worried about the "value" factor ?

I'll try to answer some of your questions Smiley

What makes a coin valuable is really the perception of the community about it's value along with the various features a coin has to offer. I mean coins with innovative coins like Nxt (Guess we all know that one) or Vertcoin (Asic/GPU resistance) will onviously be seen as coins with a future since they are offering something new to the scene of cryptocurrencies.

Establishing it's value vs BTC/LTC is based on numerous factors, some of them are the price the cummunity is willing to pay for the coin. Another factor is the amount of coins in distribution, a coin 10 billion coins in circulation will obviously be worth les as a coin with 10 million coins and the same features.

Getting listed on exhanges is about getting votes on their forums and establishing a trade volume, this is because a coin needs to be profitable for an exchange aswell (trade fees).
Another factor in getting listen on an exchange is, in some cases i might add, bribing. Some exhanges are willing to take coins on their website in return for a share of the devolopers/community's coins.

Adoption of a coin is mainly a community thing, when certain people spread the word about a coin and get more people involved in a coin it'll be an upward trend from that point on. Those new people will also tell their friends/families about the coins and before you know it you've got a flourishing community around your coin Smiley
However it's also got to do with something i mentioned previously, innovative features. when a coin is launched as 'another clone' it'll be alot harder to find adoption for your coin as when you start up a whole new concept for a coin.

Hope this helps Smiley,

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