Ah but I consider 10,000 way too low for IXCoin, even long long ago it was over 16,000 so anything less than that I consider underpriced.
Sure I expect IXCoin to rise higher than I0Coin, but that does not mean I should price I0Coin much lower than IXCoin, rather it just means I should be pricing IXCoin much higher than I0Coin.
The only reason I am selling any IXCoin for less than 16,000 satoshis is people are selling them to me even cheaper and I keep putting what I buy back onto the sell side to gradually grow it back up to where it ought to be...
So lets target 10,000+ for I0Coin and 20,000+ for IXCoin, eh?
I am just typing in my initial builds of the order-books so far, once people start buying from me and selling to me I will be able to tighten the gap between buy and sell.
I0Coin and IXCoin used to both be 16,000 to 18,000 or more once upon a time, so I want to at least build my sell side up to that kind of range before considering lowering its bottom end, as I don't want to not have sells sitting waiting when a big pump skyrockets the thing, its a pain when a coin skyrockets up higher than where you already have sell offers waiting...
Remember there are no more IXCoins being made, and damn few I0Coins. Both are still on the mmpool merged mining pool, and pools that dropped them will change their minds no doubt once the price goes back up or if the volume gets large. Though I don't much care about volume, more important to me is depth aka liquidity, as long as one could buy or sell a huge number if one chose to, whether anyone actually does it not important, since most transactions can very well happen off-chain, we just need one exchange somewhere that establishes a price so people can create conversion tables to convert to and from other currencies off-chain.
I would not be surprised if some people whose debts are denominated in IXCoin and/or I0Coin have been dumping the coins on exchanges to lower the exchange rate then paying their thus-effectively-reduced debts in some other currency thanks to the use of exchange-rate-tables ( such as the one at
http://galaxies.mygamesonline.org/latestrates.inc ) by the lending institutions. I expect this should eventually cause the lending institutions to either insist on the debts being paid directly in the currency in which they are denominated or to start buying the coins in which they have debtors so as to keep the exchange-rates up...
-MarkM-
