Selling 200 000 Fluttercoins
0.08 for each 20 000 Flutter
Fair price formula: 21000000totalBTC/1000000000totalFLT/5000ratioNewCoinInExchange = 0.00000420 FLT/BTC
Why would you use 5k and not 10k or 1K for a new coin?
Fair price formula: 21000000totalBTC/1000000000totalFLT/5000ratioNewCoinInExchange = 0.00000420 FLT/BTC
Fair price formula: 21000000totalBTC/1000000000totalFLT/10000ratioNewCoinInExchange = 0.00000210 FLT/BTC
Average between the two: (420+210)/2 = 315 satoshi
Of course it needs to be based on the diff it has when it reaches the exchange so let`s asume just for statistical prediction (with large aproximation) taken in consideration difficulty and reward/day/mh and middlecoin ratio:
-in the time of writing diff was 5.71 and you get 15,480 flt / day / 1000khs (1mh)
- to achieve in the time of writing middlecoin ratio of 0.007 btc/mh, 1flt = 45 satoshi ( 15480*0.00000045 = 0.00696btc)
-in theory the actual price just to achieve middlecoin ratio at the time of writing is 45 satoshi
-if we take in consideration that, just for statistical aproximation, at diff 10 you will get 2 x less and price is 2 x more (not accurate, just to give a rough estimate) , the price would be 90 satoshi
-taking the average between the 2 fair price formulas: 315 satoshi and the middlecoin aproximation, 90satoshi, and making the average would give: 202.5 satoshi (at an aproximate diff 10)
-of course it doesn`t take in consideration hype, speculation, and of course as we all seen the first time when a coin hits an exchange it maintains a higher profitability than middlecoin`s 0.007 for a few days, let`s say a 0.001-0.0012 would be a good guess.
My personal conclusion, with an error of prediction of -25%=> expect at least 150 satoshi,and between 150-315 satoshi based on other factors
Hope it helped
