How are people determining the price for WDC?

[pwn]

I notice in a few threads where people are looking to trade LTC for WDC, they are saying things like adjusting to market price (like 2.4 LTC for 100 WDC).

Where are they coming up with these "market price" adjustments? Is there an exchange somewhere supporting it? Just going off of going price on the forum?

Morgan

[champbronc2]

Market price is.. what the "market" is pricing it at. The market right now only includes the forum. More and more people are paying 2.4 LTC / 100 WDC.

Also people assume it will be as strong as FTC or CNC when/if it hits an exchange. at 2.4 LTC / 100 WDC, that is .000624 BTC / WDC. Current CNC price is .00078 and FTC is .001. Both were above .002 for a few days though, giving plenty the opportunity to dump.

What people are saying WDC has going for it is extremely fast transactions.

[Galimore]

I notice in a few threads where people are looking to trade LTC for WDC, they are saying things like adjusting to market price (like 2.4 LTC for 100 WDC).

Where are they coming up with these "market price" adjustments? Is there an exchange somewhere supporting it? Just going off of going price on the forum?

Morgan

It started cheaper than that (1ltc for 100 WDC) and there was enough demand that people could start raising the prices and people still bought it. It's likely that it will keep rising as well (just by following the trend that CNC/FTC established). When it first hits an exchange the price always seems to jump briefly and then settle down for a while. The people buying at 24ltc/1000 are probably hoping to dump them during the spike for a nice profit.