LiteBar Trade Thread

So just for the hell of it anyone care to speculate on a starting price on these? Only a couple coins on coinmarketcap that have a similar number in existence: Total LTB (@ block 4555)= 22775.

RPC has 22,538 total with a MC of $153,422 are selling for 0.01023 BTC or $6.81 ea.

Bitgem, which is newer, and closer to this coin has a total of 24,969 BTG, with a MC of $ 228,360, are selling for 0.01375 BTC or $9.15 ea.

Both of those market caps are within very easy reach of a coin like this, I'm sure we'd all agree...

Thoughts, or math explaining another price point anyone?

Quote from: Nocturnal2112 on February 12, 2014, 11:14:06 PM

Sounds fair. Your prices are based on coins that are already established though. This coin still had to prove itself, and see if it does not die within a week. I will add my speculations for the price as of right now purely based on hashpower/return money. It seems that with 3.5mh at current difficulty you make about 30 coins per day. with my 3.5mh rig i'd say i could make 0.1 btc per day. This is a bit much but lets take this price to make it easier. so 30 coins = 0.1 btc. 1 coin is 0.1/30 = 0.0033 btc as of now purely based on hashpower. This could obviously go up alot more if the difficulty goes up.

Isn't the Bitgem one pretty new? idk I'm just thinking aloud here...lol

Quote from: Nocturnal2112 on February 12, 2014, 11:27:31 PM

Isn't the Bitgem one pretty new? idk I'm just thinking aloud here...lol

alright, actually not really familiar with. Just guessing that it might be new but certainly not THAT new as people are paying 9 dollar per coin for it? I'm assuming its an established one. Anyway, let's continue the talk about the price and/or buying sell of this one

If this one survives, it will be worth a lot very soon, since the block pay out will have within 5 days.

I'm going to work under the assumption that nothing catastrophic is going to happen. Ofc, we all know it could but why be negative...lol

Well how about we come at it from the total coins minted perspective. 1.35 million total, that is pretty damn rare... Anyone know of a coin with a similar total coins to compare it to?

I am currently paying 0.016 BTC for each coin.

Currently i charge 0.017 to rent my rigs per 1000.

Currently 5.6mh = about 48 every 24 hours.

So the cost of renting my rig out is what i am paying for this new coin, same as if i was mining them myself.

Quote from: PondSea on February 13, 2014, 12:05:51 AM

I am currently paying 0.002 BTC for each coin.

Currently i charge 0.017 to rent my rigs per 1000.

Currently 5.6mh = about 48 every 24 hours.

So the cost of renting my rig out is what i am paying for this new coin, same as if i was mining them myself.

well we got our first buyer. Thanks for setting a price! I think it's a fair one too

Quote from: albertdros on February 13, 2014, 12:07:53 AM

Quote from: PondSea on February 13, 2014, 12:05:51 AM

well we got our first buyer. Thanks for setting a price! I think it's a fair one too

Sorry 0.0016 as i can either get guaranteed 0.017 or a bet on this thus the difference.

Ok, so I am seeing 0.016, in the first "I'm paying" post, 0.002, in the quotes, and a final post saying 0.0016...

Which price is real?...lol

Also, they seem to be heading the wrong direction.. Wink

Quote from: Nocturnal2112 on February 13, 2014, 12:56:35 AM

Ok, so I am seeing 0.016, in the first "I'm paying" post, 0.002, in the quotes, and a final post saying 0.0016...

Which price is real?...lol

Also, they seem to be heading the wrong direction.. Wink

0.016 he said. What wrong direction? Better to discuss that in the main topic btw.

Quote from: albertdros on February 13, 2014, 01:05:11 AM

Quote from: Nocturnal2112 on February 13, 2014, 12:56:35 AM

Ok, so I am seeing 0.016, in the first "I'm paying" post, 0.002, in the quotes, and a final post saying 0.0016...

Which price is real?...lol

Also, they seem to be heading the wrong direction.. Wink

0.016 he said. What wrong direction? Better to discuss that in the main topic btw.

I am talking about the various prices going down 0.016, then 0.002, then 0.0016... rather than the alternative of up... I might be a seller, depending on the price...lol

Quote from: Nocturnal2112 on February 13, 2014, 12:56:35 AM

Ok, so I am seeing 0.016, in the first "I'm paying" post, 0.002, in the quotes, and a final post saying 0.0016...

Which price is real?...lol

Also, they seem to be heading the wrong direction.. Wink

Hi I want to sell !

WTS: 8 Litebars

Price: Pm offer

Terms: Buyer goes first. I have been scammed to many times to ever go first again. If a person wishes to buy more then 1 we can exchange 1 at a time to make the buyer feel more comfortable. Pm me here if interested.

Got scammed by MissBTC watch out.

wts 170ltb = 3btc each ltb
pm me if you're interested in Grin

im a trusted member

Quote from: PondSea on February 13, 2014, 02:49:30 AM

Got scammed by MissBTC watch out.

Let me guess, you sent the BTC first and then (s)he would send the LTB after? I don't suppose (s)he sent you a link to a private chatroom to discuss the deal?

I have more, but I'm only willing to part with 10 at the moment Grin

PM me with offers if interested if interested!

WTS 14 LTB

PM me offer

I might part with some for the right price. If you are interested PM me amount you want to buy and the price per LTB.