What is a fair price for Bitcoin Purple? BTCP

[@alymwehrli]

Based on current mining and difficulty, what do you think the price of Bitcoin Purple should be?
Currently we list here;
https://wikaex.com/spot/BTCP_USDT

I believe in value and what it represents; for me, the cheaper it is now, the better for me to accumulate more. And you, what would be the fair price?
I think about the miners all these years using their equipment, what is the base energy cost? Perhaps some economic theory based on energy?
I'm studying economic models and delving deeper into this subject; I'm seeing many interesting things, and I'll share more soon.

Bitcoin Purple
SHA256
Maximum Coins: 1 000 000
Coins Per Block: 0.25 BTCP

[JeromeTash]

The first thing you should ask yourself is what is the purpose of the coin? What advantages does it have over other coins?
I think I have seen so many Bitcoin colours in the past. Bitcoin White, Bitcoin Blue, Bitcoin Red, Bitcoin Gold, etc. And you know what happened to all those? They never had any demand to begin with when the hype died down.

So without demand, the coin may never achieve the price you dream of. Sorry to say this, but it's a bitter fact.

[passwordnow]

Please don't make more threads Alym, you've already made a thread[1] about this one on this the same section too. Please refrain from doing that because that's against the forum rules.

[1] Bitcoin Purple (BTCP) Listing | BTCP/USDT

[BitMaxz]

That's the sad story behind why they believe developing a coin with no uniqueness can reach a new height; it's actually nearly identical to Bitcoin, and I don't think you can attract investors with a new color of Bitcoin.

If this is a serious project, I believe the fair value for this coin is around $0.00001 or lesser. I don't see any use case for this coin, so mining this coin is worthless; you might end up paying only the power cost.

[JeromeTash]

That's the sad story behind why they believe developing a coin with no uniqueness can reach a new height; it's actually nearly identical to Bitcoin, and I don't think you can attract investors with a new color of Bitcoin.

This has always been the narrative.

They always cling to the Bitcoin name because they know that it's the only one that has attention all season (both bull and bear market seasons). This is why their coin names must contain "Bitcoin", otherwise, if they put there any other name, no one will talk about it.

[LoyceV]

Maximum Coins: 1 000 000
Coins Per Block: 0.25 BTCP

So you're copying the name of an existing Forkcoin. The "fair price" is zero.

[BitMaxz]

Maximum Coins: 1 000 000
Coins Per Block: 0.25 BTCP

So you're copying the name of an existing Forkcoin. The "fair price" is zero.

That's changed my perspective about this coin; it's now worthless with no value. The developer simply moved the Purple from the beginning to the end.
No uniqueness and obviously just made only for pump and dump.

I'm not sure why the developer doesn't use Coinmarketcap or Coingeko if the names already exist.