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Author Topic: Why is Colossuscoin so Cheap right now?  (Read 1709 times)
WillBit (OP)
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December 04, 2013, 06:49:01 AM
 #1

I'm thinking of buying a couple more btc worth of ColossusCoin due to the extremely low price right now.

Does anyone know why Colossuscoin has a market cap of only 13btc right now?


This coin has a nice name and concept.  It's one of the only coins with 550 billion units.  Even if the price goes up high, everyone will be dealing with nice whole numbers.

It has fast confirmations too. 

a nicely designed website: http://colossuscoin.org/

an active forum: https://cryptocointalk.com/topic/1146-colossuscoin-col-information/

dedicated supporters

It's traded on cryptsy.com


Why is this coin so cheap right now?

http://coinmarketcap.com/
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December 04, 2013, 06:51:42 AM
 #2

It shouldn't be much worth than it is. A cap of 1M would be enough.

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December 04, 2013, 06:51:52 AM
 #3

So you got stuck in Fontas' pump yesterday eh?

Col is 3 times the price it was two weeks ago.  

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December 04, 2013, 06:54:23 AM
 #4

Alleged pump that may or may not have been his.

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WillBit (OP)
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December 04, 2013, 07:00:36 AM
 #5

It shouldn't be much worth than it is. A cap of 1M would be enough.

The market cap is shown on coinmarketcaps.com as being a mere $10,000 though.

You think the market cap should be 100x this amount?  It might be a good idea for me to pick up a couple hundred million more of these then.


That's quite a spike yesterday, but no, I bought a small amount at .00000015 COL/LTC a few days ago.
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December 04, 2013, 10:24:44 AM
 #6

there's so much circulating and not much demand for it














 

 

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WillBit (OP)
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December 05, 2013, 12:46:26 AM
 #7

there's so much circulating and not much demand for it

Why is the demand for this coin so low right now?
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December 05, 2013, 12:49:20 AM
 #8

why would there be a high demand?

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December 05, 2013, 01:06:07 AM
 #9

It shouldn't be much worth than it is. A cap of 1M would be enough.

The market cap is shown on coinmarketcaps.com as being a mere $10,000 though.

You think the market cap should be 100x this amount?  It might be a good idea for me to pick up a couple hundred million more of these then.


That's quite a spike yesterday, but no, I bought a small amount at .00000015 COL/LTC a few days ago.


The total $$$ value for COL that is listed on coinmarketcap is incorrect. Coinmarketcap shows the total coin count at 3.1 billion when actually there are over 312 billion+ COL in existence.
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December 05, 2013, 01:20:21 AM
 #10

coin markett cap as at arround 7 BTC but its starting to rise again!
http://coinmarketcap.com/
Well demand was starting to get in on btcltc a chinese exchange but i cant find it anymore!

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WillBit (OP)
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December 05, 2013, 01:38:13 AM
 #11

It shouldn't be much worth than it is. A cap of 1M would be enough.

The market cap is shown on coinmarketcaps.com as being a mere $10,000 though.

You think the market cap should be 100x this amount?  It might be a good idea for me to pick up a couple hundred million more of these then.


That's quite a spike yesterday, but no, I bought a small amount at .00000015 COL/LTC a few days ago.


The total $$$ value for COL that is listed on coinmarketcap is incorrect. Coinmarketcap shows the total coin count at 3.1 billion when actually there are over 312 billion+ COL in existence.

If this is correct, then the market caps is really 826btc or $9.43 million.

This would put Colossuscoin in 31st place on http://coinmarketcap.com/

Makes a lot more sense, thank you.  Looks like Colossuscoin was removed from the list as I was typing.  Hopefully they put it back up with the correct market cap.
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December 05, 2013, 01:41:21 AM
 #12

until the COL dev changes his attitude I would advise against buying COL ( dev is demanding donations or he leaves )

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December 05, 2013, 03:19:48 PM
 #13

Why would anyone buy such a useless and poorly designed coin?

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December 05, 2013, 03:31:29 PM
 #14

cause early we used to mine blocks were 5 000 000  yes 5 million lol   at dif was 0.002 Smiley get it now?   you wil be dumped 
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December 05, 2013, 03:58:31 PM
 #15

cause early we used to mine blocks were 5 000 000  yes 5 million lol   at dif was 0.002 Smiley get it now?   you wil be dumped 

Coin intended for dumping.

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December 05, 2013, 04:39:10 PM
 #16

well if the developer starts saying he will quit because he is losing too much money, that does not help too much in trusting the coin now, does it?
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December 06, 2013, 08:52:21 AM
 #17


Quark was at lower prices recently. And now?

Think about timing to buy.



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December 06, 2013, 02:48:00 PM
 #18


Quark was at lower prices recently. And now?

Think about timing to buy.


Quark has features, this has nothing.

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