Please read this probably this is doing my head in.
Ok im using Sexcoin for an example
https://www.cryptsy.com/markets/view/98What he reckons how it works, Say sexcoin is worth 0.001 and he sells 1,000 coin, which is 1 litecoin, and hes trying to explain to me if Litecoin is $10, Hes saying you will get ALOT MORE coins, If the price of ltc is $30 and You will get ALOT LESS, Litecoin, if the price is high NOTE : This is working out with sexcoin staying at 0.001 and selling 1,000 coins.
I disagree or am i wrong, I believe, Even if Sexcoin stays at 0.001, And i sell 1,000, Im only going to get 1 LTC, Wheater the price of Litecoin is $100, or $10, IF Sexcoin stays at 0.001 im just going to get the exchange rate of 1 litecoin. NOTE : Thats only if Sexcoin stays at 0.001,
What im trying to explain with him, its the exchange rate of the sexcoin that matters, if you sell 1,000 coins at 0.001 you will still get 1 ltc, Considering if the Litecoin, is $10 or $100 your still getting 1ltc, its just the coin is worth alot more or alot less.
Please Mad This is doing my head, in most of you people probably wont even understand what im trying to say, I have a feeling he might be right and i might be wrong just someone please help me lol.
PLEASE REMEMBER : If sexcoin stays the same rate, 0.001 1000 (sexcoins) which is 1 ltc , he thinks if litecoin goes to $1 your going to get ALOT of ltc, even if the Exchange rate of SXC > LTC Is the SAME !!!
