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Edraket31
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October 16, 2014, 12:31:27 PM |
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Right now the CANN is worth about $0.03 and nothing less or more. The market determines the price, and as always we don't know how will it look tomorrow.
I think we're near the new bottom and the rally will begin again soon.
Looking at current price, 700k coins need to be bought to bring the price back to 9.5ksat that is 700.000gr = 700kgs For the time being only sold at 1 distribution point, people are only allowed to use 3 coins p/day to buy CANN..... start to understand why the price is far away from 1gr=1coin The influence from real life users, buying with coins is too small (for the time being) |
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seedtrue
Legendary
 Offline
Activity: 963
Merit: 1002
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October 16, 2014, 12:32:44 PM |
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I'm sorry I did not read entire thread. Can someone help me understand something?
It is advertised that 1 CANN = 1 Gram of Candy Marijuana. Is there a limit on amount someone can buy? There are going to be 106,000,000 coins. There is 454 grams in a pound. 106,000,000/454 = 233,480 pounds.
The numbers just do not add up for me. Do you have access to over 100,000 Kilo's of Candy?
Don't get me wrong, I am a fan of CANN. I just want to understand the stakes a little better.
It is a commodity that is literally growing. It is pledged one coin = one gram. There are limitations right now of so many grams per day. As things progress more facilities and more dispensaries. The value of the coin will always be one coin = 1 gram of this specific strain. As more markets, dispensaries and grow facilities come, the more solid this coin becomes. Thank you. This is all I was asking and did not want to sort through the thread. |
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IdiotInvestor
Member
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Activity: 86
Merit: 10
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October 16, 2014, 12:35:08 PM |
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I'm sorry I did not read entire thread. Can someone help me understand something?
It is advertised that 1 CANN = 1 Gram of Candy Marijuana. Is there a limit on amount someone can buy? There are going to be 106,000,000 coins. There is 454 grams in a pound. 106,000,000/454 = 233,480 pounds.
The numbers just do not add up for me. Do you have access to over 100,000 Kilo's of Candy?
Don't get me wrong, I am a fan of CANN. I just want to understand the stakes a little better.
Also, 106million grams will never be sold in a single day. This is a growing market. Participating dispensaries will sell the strain one gram per coin. The market will expand. More demand more facilities more growth. This isn't something as elusive as urea (piss) this is medical pot |
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Polly Stripe
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October 16, 2014, 12:42:28 PM |
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If my math is correct, the remaining ~70 days of mining?
~85 Block/h*105=8925Cann/h*24=214200/24h
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Annington
Newbie
Offline
Activity: 43
Merit: 0
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October 16, 2014, 12:57:13 PM |
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Ah ... here it is, the fine print. Always fine print or some limit or something in crypto. I was planning to roll up with 10000 coins and stock up for the zombie (no, that's ebola. We have to say ebola people! Don't want panic!) apocolypse starting in Texas. I'm sorry I did not read entire thread. Can someone help me understand something?
It is advertised that 1 CANN = 1 Gram of Candy Marijuana. Is there a limit on amount someone can buy? There are going to be 106,000,000 coins. There is 454 grams in a pound. 106,000,000/454 = 233,480 pounds.
The numbers just do not add up for me. Do you have access to over 100,000 Kilo's of Candy?
Don't get me wrong, I am a fan of CANN. I just want to understand the stakes a little better.
It is a commodity that is literally growing. It is pledged one coin = one gram. There are limitations right now of so many grams per day. As things progress more facilities and more dispensaries. The value of the coin will always be one coin = 1 gram of this specific strain. As more markets, dispensaries and grow facilities come, the more solid this coin becomes. Thank you. This is all I was asking and did not want to sort through the thread. |
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rustynailer
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October 16, 2014, 01:00:38 PM |
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It seems like some people here dont get it, so let me explain.
If, on Monday some random people are able to buy 1 gram of weed for 1 coin then the price of a canna coin will explode.
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kosaet
Legendary
Offline
Activity: 938
Merit: 1001
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October 16, 2014, 01:03:55 PM |
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It seems like some people here dont get it, so let me explain.
If, on Monday some random people are able to buy 1 gram of weed for 1 coin then the price of a canna coin will explode.
+1 |
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darylluke
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October 16, 2014, 01:07:57 PM |
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***BREAKING****
Cheap CannabisCoin NOW avaliable sub-9000. Get "em while you CANN!!! lol.
~darylluke.
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Edraket31
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October 16, 2014, 01:08:50 PM |
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It seems like some people here dont get it, so let me explain.
If, on Monday some random people are able to buy 1 gram of weed for 1 coin then the price of a canna coin will explode.
Why? Those people can only spend 3 coins p/day |
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samspaces
Legendary
Offline
Activity: 1453
Merit: 1030
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October 16, 2014, 01:12:05 PM |
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It seems like some people here dont get it, so let me explain.
If, on Monday some random people are able to buy 1 gram of weed for 1 coin then the price of a canna coin will explode.
Why? Those people can only spend 3 coins p/day If the choice for ones medication is 40 dollars or a few cents or perhaps a few dollars, why would anyone care, right? |
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Edraket31
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October 16, 2014, 01:15:27 PM |
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It seems like some people here dont get it, so let me explain.
If, on Monday some random people are able to buy 1 gram of weed for 1 coin then the price of a canna coin will explode.
Why? Those people can only spend 3 coins p/day If the choice for ones medication is 40 dollars or a few cents or perhaps a few dollars, why would anyone care, right? I fully agree, but 3 coins p/day per individual doesnt bring that much buypower |
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darylluke
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October 16, 2014, 01:16:02 PM |
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MaryJ is making peeps $$, but I ain't selling a single CANN!! Wait, are we supposed to be 1000X more valuable than MAryJ? HODL. hehe.
~darylluke.
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darylluke
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October 16, 2014, 01:19:12 PM |
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Edraket31,
Enough of the spreading of DOUBT, with your seeming innocent questions. READ, BUY, or don't. You are damaging the coin by spreading DOUBT.
NOTE: 1gr = 1 CANN. Period. Move on.
~darylluke.
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Polly Stripe
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October 16, 2014, 01:25:10 PM |
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Edraket31,
Enough of the spreading of DOUBT, with your seeming innocent questions. READ, BUY, or don't. You are damaging the coin by spreading DOUBT.
NOTE: 1gr = 1 CANN. Period. Move on.
~darylluke.
+1. I conducted an analysis and just bought without a word. |
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Normandoyle
Full Member
Offline
Activity: 154
Merit: 100
meow
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October 16, 2014, 01:28:41 PM |
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Edraket31,
Enough of the spreading of DOUBT, with your seeming innocent questions. READ, BUY, or don't. You are damaging the coin by spreading DOUBT.
NOTE: 1gr = 1 CANN. Period. Move on.
~darylluke.
+1. I conducted an analysis and just bought without a word. Make sure to browse and find those amazing dev updates! ANYONE wanna put together a post of dev updates from the past month? For the newest CANN community members! I would...but I'm on mobile. |
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rustynailer
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October 16, 2014, 01:31:12 PM |
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I wonder how big the line up to the shop is on Monday. Someone needs to take a pic of that.  |
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Normandoyle
Full Member
Offline
Activity: 154
Merit: 100
meow
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October 16, 2014, 01:31:30 PM |
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I wonder how big the line up to the shop is on Monday. Someone needs to take a pic of that. damn straight! |
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Edraket31
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October 16, 2014, 01:31:40 PM |
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Edraket31,
Enough of the spreading of DOUBT, with your seeming innocent questions. READ, BUY, or don't. You are damaging the coin by spreading DOUBT.
NOTE: 1gr = 1 CANN. Period. Move on.
~darylluke.
+1. I conducted an analysis and just bought without a word. dude, relax..... if my doubts are fud, it wouldn't harm the price just trying to trigger you to give me some fundamental reasons why price is not close to the price which it should be on 20-10 |
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moonchaser
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October 16, 2014, 01:38:50 PM |
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Edraket31,
Enough of the spreading of DOUBT, with your seeming innocent questions. READ, BUY, or don't. You are damaging the coin by spreading DOUBT.
NOTE: 1gr = 1 CANN. Period. Move on.
~darylluke.
+1. I conducted an analysis and just bought without a word. dude, relax..... if my doubts are fud, it wouldn't harm the price just trying to trigger you to give me some fundamental reasons why price is not close to the price which it should be on 20-10 That should be very simple. I really understand why they are getting pissed at your questions. The answer is: because is not widely used as per today, and we are waiting for that to happen. You can get the same answer with the BTC. When BTC will take over the real world, the price will grow. |
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Normandoyle
Full Member
Offline
Activity: 154
Merit: 100
meow
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October 16, 2014, 01:40:04 PM |
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Edraket31,
Enough of the spreading of DOUBT, with your seeming innocent questions. READ, BUY, or don't. You are damaging the coin by spreading DOUBT.
NOTE: 1gr = 1 CANN. Period. Move on.
~darylluke.
+1. I conducted an analysis and just bought without a word. dude, relax..... if my doubts are fud, it wouldn't harm the price just trying to trigger you to give me some fundamental reasons why price is not close to the price which it should be on 20-10 NOBODY said the price will be a certain price on the 20th. CANN will be worth $8 minimum at HWC, but that DOES NOT mean it'll be $8 on the exchanges..yet  November is to be remembered. Just remember that! |
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