flash458 (OP)
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Activity: 2
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September 28, 2017, 04:36:17 AM |
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Three reasons: 1) The market is going crazy for indian coins 2) The coin is valued 1000 times less than Rupee coin, despite having better capabilities 3) The coin has still not been announced on coinmarketcap or listed on Bittrex
Thus, the current valuation at 0.0000002 BTC is simply crazy (at least in my mind).
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Sephire
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September 28, 2017, 04:51:23 AM |
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Do you have a link to this coin's website and what exchanges it is trading on currently? 2 Satoshis is a very low price that few coins have.
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btct22
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September 28, 2017, 04:56:23 AM |
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Yes more info please, that sounds like it's worth having a look into..
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flash458 (OP)
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Activity: 2
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September 28, 2017, 04:57:48 AM |
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panorama
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September 28, 2017, 05:07:42 AM |
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I recall someone mentioning Indicoin recently as well, which is different - www.indicoin.org.inI haven't taken the time to look at it yet, but I made a note of it when I first heard it mentioned.
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Sephire
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September 28, 2017, 05:35:30 AM |
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Price jumped to 15 Satoshis from 2 Satoshis yesterday. May wait for a pullback before buying.
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Sephire
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September 28, 2017, 05:50:07 AM |
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There is a Digital Rupees coin (DRS) on coinmarketcap.com that is at 4 Satoshis only. Don't know if this is any good or not.
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Bodywowoya
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September 28, 2017, 05:51:11 AM |
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Three reasons: 1) The market is going crazy for indian coins 2) The coin is valued 1000 times less than Rupee coin, despite having better capabilities 3) The coin has still not been announced on coinmarketcap or listed on Bittrex
Thus, the current valuation at 0.0000002 BTC is simply crazy (at least in my mind).
Something very risky you found, and the price is not impressive, or you think that you will buy, and then a very strong recovery will be, although this is not expected from the fact that I have read it.
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doedz
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September 28, 2017, 06:49:39 AM |
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I see this coin has gone up hundreds of percent, this is very surprising and a little crazy. I have never seen this exchanger before.
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Fundamentals Of
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September 28, 2017, 07:36:07 AM |
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Three reasons: 1) The market is going crazy for indian coins 2) The coin is valued 1000 times less than Rupee coin, despite having better capabilities 3) The coin has still not been announced on coinmarketcap or listed on Bittrex
Thus, the current valuation at 0.0000002 BTC is simply crazy (at least in my mind).
Let us all see. Does this new India Coin have a whitepaper? Or at least a website where people can check it out? I think I only heard about it here. There is no ANN thread for it also, right? Investors might also be supporting the coin if they can read information about it.
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renes
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September 28, 2017, 08:05:12 AM |
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I think all of this coins are scam because I think developers of these coins hold huge proportion of coin supply which can be seen on block explorer. I don't think also they are honest.
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Stedsm
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Activity: 3052
Merit: 1273
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September 28, 2017, 08:17:19 AM |
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I think all of this coins are scam because I think developers of these coins hold huge proportion of coin supply which can be seen on block explorer. I don't think also they are honest.
It's ridiculous when you comment like that because there are so many coins (more than 25-50% premined) and people still invest in those coins without any hassle, so why do you think this might turn out a scam? I feel pity for myself for not knowing about an Indian coin even though I live in India. There are many coins listed at coinexchange which look exciting and getting pumped daily. I guess it's a place for those small traders who want to increase their capital with low-level trades (like trades in which maximum investment is 0.01-0.05).
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X-ray
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September 28, 2017, 08:17:55 AM |
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Three reasons: 1) The market is going crazy for indian coins 2) The coin is valued 1000 times less than Rupee coin, despite having better capabilities 3) The coin has still not been announced on coinmarketcap or listed on Bittrex
Thus, the current valuation at 0.0000002 BTC is simply crazy (at least in my mind).
Coinmarketcap or even bittrex will never try to add the crap coin like that, Because that was another shit coin and none are interested to listed or write about that. I think you are misunderstand about what already happened with the coin.
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martyMC
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Activity: 159
Merit: 11
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September 28, 2017, 09:37:11 AM |
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There is a Digital Rupees coin (DRS) on coinmarketcap.com that is at 4 Satoshis only. Don't know if this is any good or not.
it's the only one indian coin on coinmarketcap?
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BTCLovingDude
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Merit: 1010
BTC to the moon is inevitable...
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September 28, 2017, 10:47:46 AM |
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i honestly can not see any potential in an altcoin like this. specially right now.
the coin doesn't really offer anything. there is no interest in it. it is not even listed on any major exchanges and the trading volume has always been low. on top of it all, the price is already over pumped. it used to be 2 satoshi and then pumped to 37+ satoshi. and ever since OP posted this topic it has been dropping currently at 15!
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--looking for signature--
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Sikka157
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September 28, 2017, 01:40:25 PM |
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I dont see any coin named India coin on coinmarketcap. Is it the name of the coin or are you saying any coin coming from India? Rupee coin's market cap went from 100k few days ago to 5million yesterday. Is this the one??
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leea-1334
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September 28, 2017, 01:54:01 PM |
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There have been a few coins that started out based on national identity. They all also thought that they could bank on huge interest from their own people who would go crazy over the offer for a coin that was named after their country. Or related to it anyway. Not all have been "successful". I think only Gulden is the alt that is still surviving and somehow doing well (for Holland) but they have another competitor. Polandcoin also launched but failed.
Indiacoin? 1 billion people but maybe only 1 million rich people. Who knows.
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nizamcc
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September 28, 2017, 02:16:06 PM |
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There have been a few coins that started out based on national identity. They all also thought that they could bank on huge interest from their own people who would go crazy over the offer for a coin that was named after their country. Or related to it anyway. Not all have been "successful". I think only Gulden is the alt that is still surviving and somehow doing well (for Holland) but they have another competitor. Polandcoin also launched but failed.
Indiacoin? 1 billion people but maybe only 1 million rich people. Who knows.
For every coin, whether it holds a national identity or has a different purpose, only a few people get an advantage over all those who buy in greed of gaining some huge (expected) returns but they always get dumped over themselves. It is not the country but the people who back the coin, and this coin is in billion in terms of supply, so price shouldn't be considered cheap still and I doubt such coins will ever get listed on some reputed exchanges.
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lokinator
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September 28, 2017, 04:23:20 PM |
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I personally try to avoid coins that aren't listed on major exchanges and don't actually have a real purpose or goal ("buy me because I'm from a specific country" doesn't qualify). I especially try to avoid coins that aren't even listed on CoinMarketCap.com.
There are so many crap coins on CoinMarketCap that it isn't even funny ... Not sure how crappy a coin has to be to not even make it onto CoinMarketCap; but with their low/non-existent standards -- it must be pretty crappy. It's also possible that India Coin hasn't tried to get on CoinMarketCap yet which is why they aren't listed, but that would seem like step (1) to launching a coin in my opinion.
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yumm
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September 28, 2017, 04:33:12 PM |
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This coin is valued so low and will always be valued low as long as there is no real use for it. Just because a coin has a nationality attached to it, it does not make it valuable. The coin must have a purpose and a usefulness for it to gain any real value. I do not even see any roadmap or potential for adaptation into real-world economy. Don't waste your money on this.
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