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bitcoinwonders010
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July 10, 2014, 07:26:06 AM |
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hold on i think people are confused. the company has not backed the price of URO for 1 metric ton of urea at $300. but basically they bought UREA with URO. if that is correct all this $300 dollar crap is BS.
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bitc0000
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July 10, 2014, 07:27:37 AM |
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The coin backed by shit is suddenly turning gold  |
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bitcoinwonders010
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July 10, 2014, 07:28:32 AM |
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sorry to burst your bubble people, read it again. just to let you know, ive sold if people think this is fud, read it again. the company is not backing up the coin as the currency for urea, but simply accepting payment in URO to buy some urea.
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corather
Legendary
 Offline
Activity: 1708
Merit: 1000
Solarcoin.org
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July 10, 2014, 07:28:52 AM |
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hold on i think people are confused. the company has not backed the price of URO for 1 metric ton of urea at $300. but basically they bought UREA with URO. if that is correct all this $300 dollar crap is BS.
This is how dollar crap BS it is. http://ycharts.com/indicators/black_sea_urea_bulk_spot_price |
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kingimg
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July 10, 2014, 07:30:56 AM |
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anyone remember Truthful and scambust?
all posts of Truthful were deleted by himself.
what does that mean?
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bitcoinwonders010
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July 10, 2014, 07:33:25 AM |
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this coin ha potential, but people saying 1 uro = 1 metric ton need too, think again, uro is a currency, whether it takes 10btc or 1 btc or 0.01 or 0.001btc to buy 1 metric ton of urea, its a currency used to buy it. if the dollar devalues more dollars are needed to buy 1 metric ton of UREA. it all depends on, how many people use it.
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Raja_ji
Member
Offline
Activity: 70
Merit: 10
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July 10, 2014, 07:34:37 AM |
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UREA is the largest trading Commodity in India
Urea was discovered by Hilaire Rouelle in 1773. It was the first organic compound to be artificially synthesized from inorganic starting materials, in 1828 by Friedrich Woehler, who prepared it by the reaction of potassium cyanate with ammonium sulfate.
Urea is an organic compound of carbon, nitrogen, oxygen and hydrogen, with the formula CON2H4 or (NH2)2CO.
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Jaago Bharat....
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flipboxx
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July 10, 2014, 07:35:21 AM |
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anyone remember Truthful and scambust?
all posts of Truthful were deleted by himself.
what does that mean?
He was accumulating |
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bitcoinwonders010
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July 10, 2014, 07:35:32 AM |
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this is the start of something great, but saying it is worth $300 per coin is absurd. it depends on how many people use it. uro could be worth 2btc a coin, if people started to using it could be worth 0.01 or 0.001btc if no one uses it.
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bitcoinwonders010
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July 10, 2014, 07:37:53 AM |
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if the coin were to be worth $300million you need volume to sustain that. if only dev has made a transaction how do you expect that price to be sustain. read it again, unless other companies start paying in uro, this is a good buy. basically what we have here is a merchant has accepted URO, whether people use it too buy urea is another thing
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nathalie20
Legendary
Offline
Activity: 952
Merit: 1001
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July 10, 2014, 07:38:59 AM |
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this is the start of something great, but saying it is worth $300 per coin is absurd. it depends on how many people use it. uro could be worth 2btc a coin, if people started to using it could be worth 0.01 or 0.001btc if no one uses it.
people buy only from a desire to profit not from the desire to have a urea |
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choppy123
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July 10, 2014, 07:40:41 AM |
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this is the start of something great, but saying it is worth $300 per coin is absurd. it depends on how many people use it. uro could be worth 2btc a coin, if people started to using it could be worth 0.01 or 0.001btc if no one uses it.
correct...that's why I gave an estimate of 0.2 bitcoin for 1 URO...read my calculation from yesterday...I'm basically assuming that 50% of the worldwide production in 1 year will adopt URO for trading Urea.....I believe yearly output for world is 184 million tonnes of urea....but that's of course assuming that bitcoin price stays at $620 usd....If bitcoin reaches $1240 bucks next year then 0.1 bitcoin for 1 URO would be a good guess...see what I mean? You're dead on though regarding URO price...theoretically it could reach $300 per URO but that might be 10 years from now when 100% market adoption is more likely  |
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bitcoinwonders010
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July 10, 2014, 07:43:07 AM |
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this is the start of something great, but saying it is worth $300 per coin is absurd. it depends on how many people use it. uro could be worth 2btc a coin, if people started to using it could be worth 0.01 or 0.001btc if no one uses it.
people buy only from a desire to profit not from the desire to have a urea that traders. dev did not build the coin for traders but built to be used to pay for urea. |
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bitcoinwonders010
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July 10, 2014, 07:45:41 AM |
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this is the start of something great, but saying it is worth $300 per coin is absurd. it depends on how many people use it. uro could be worth 2btc a coin, if people started to using it could be worth 0.01 or 0.001btc if no one uses it.
correct...that's why I gave an estimate of 0.2 bitcoin for 1 URO...read my calculation from yesterday...I'm basically assuming that 50% of the worldwide production in 1 year will adopt URO for trading Urea.....I believe yearly output for world is 184 million tonnes of urea the estimate can only be correct if companies are willing to pay in URO. currently we just had 1 small trade and we do not know how big the trade was. this situation is like where overstock.com accepted BTC. that was good news but the value of the coin would be determined on how much revenue flows through it. you can't say overstock.com has 100million dollar sales and now 100million dollar flowing through btc. it depends on how many people are willing to pay with btc |
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bitcoinwonders010
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July 10, 2014, 07:46:27 AM |
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Warning to everyone before feeding your BTC to this scam
 its no scam, but when hype dies down so will price, fall to realistic level |
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lanshop2010
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July 10, 2014, 07:46:43 AM |
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The naysayers here are amusing. If only those inquisitive detailed questions are applied to all crypto coins, the rate of scams would be low.
How about bitcoin, is it backed by anything? Is it not as worthless as any coins except for the belief by many that bitcoin is worth something in fiat money or its potential in the future? How about the hundreds of altcoins you own, are they backed by any physical asset? Are they used by a large enough people outside of the mining community? Or are they worth something because of a promise that they will have anon that, security that, future that? So some altcoins are worth several dollars because of a promise without actual useful use in the real world?
Now compare what you have to urocoin and analyze again.
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FoeRest
Member
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Activity: 112
Merit: 10
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July 10, 2014, 07:46:50 AM |
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mistersushi
Member
Offline
Activity: 112
Merit: 10
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July 10, 2014, 07:49:06 AM |
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if the coin were to be worth $300million you need volume to sustain that. if only dev has made a transaction how do you expect that price to be sustain. read it again, unless other companies start paying in uro, this is a good buy. basically what we have here is a merchant has accepted URO, whether people use it too buy urea is another thing
Nothing is for certain, is it? But people will have very good reason to use it, because it will streamline the process greatly. Also allows farmers, wholesalers, etc., to lock in a price, avoid substantial bank fees, etc. URO is the internet of urea fertilizer, and there is a huge worldwide volume in trade there. |
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FoeRest
Member
Offline
Activity: 112
Merit: 10
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July 10, 2014, 07:49:50 AM |
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I just saved a bunch of money on my car by switching my btc to uro  |
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bitcoinwonders010
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July 10, 2014, 07:50:24 AM |
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The naysayers here are amusing. If only those inquisitive detailed questions are applied to all crypto coins, the rate of scams would be low.
How about bitcoin, is it backed by anything? Is it not as worthless as any coins except for the belief by many that bitcoin is worth something in fiat money or its potential in the future? How about the hundreds of altcoins you own, are they backed by any physical asset? Are they used by a large enough people outside of the mining community? Or are they worth something because of a promise that they will have anon that, security that, future that? So some altcoins are worth several dollars because of a promise without actual useful use in the real world?
Now compare what you have to urocoin and analyze again.
no one is refuting that uro coin does not have promise, im simply stating URO is not worth $300 UREA is. URO is a currency. the more companies that adopt it, the more the price will rise. but for it to be worth $300 you need a ton of people using it too buy urea, at the moment its just being traded. if no company wants to pay using URO its worthless, its good news GES has accepted that is why its risen, but we now need to see other companies pay using it. well done for early holders, i bought in the drop when it hit mintpal, i didn't expect this to happen |
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