What are things that make the worth of a coin rise?
And how is ECCoin planning on raising the price of ECC in the future?
That's THE question.
Since we have like 20 ecologic and sustainable coins -and not a single one is a real currency, I can tell you that this answer is still not out there.
Look at Peercoin. Big, sustainable, big community but you cannot buy a bread around the corner.
There is Mintcoin, Earthcoin, Greencoin oh whatever... all these coins claim to be a currency, but for now they are just an asset, made by greedy people to make the fast money!
I was part of the community of earthcoin, made some stuff, and tried to understand the real meaning behind all these coins but all I found was greed. Even if people tell you that there is a bigger picture. nope. there is no bigger picture. everyone wants to get rich. period.
1. The price of ALL coins usually falls down
2. It rises when people are told to get rich by buying and mining it (short pump). As soon as possible, they mine, buy, or get them from whereever and dump it when they can get profits.
3. Nearly all coins are traded against BTC such as Doge/BTC EAC/BTC ECC/BTC.
Apart from brand they all are going down due to this fact. People want to make fast BTC,
Ergo: Even a big community like Doge, its big brand and all these millions of fans cannot drive the price higher as long as it is being traded against BTC
4. Every coin looks for adoption.
Adoption comes through merchants and places where you can buy REAL things for a coin.
That's where real value is created. Adoption and places to spend coins for real things.
5. Coins need to be traded for FIAT to create value.
Ergo: Create an exchange where your coin can be bought for Dollar/Euro/Yuan/Rubel whatever.
So either you guys try to find thousands of merchants, which are engaged by others for sure, and make your own ECC/$ exchange or this asset will remain an asset and will die a slow and boring death with all the phases a coin comes trough.
This market is hard because the networking-effect of bitcoin is hard to fight. Even harder will it be to create a real currency, while all the greedy dickheads are out there.
edited: typos
