Price Question?

[Thekool1s]

Hi i have question regarding coins. suppose a new coin is to be made and only 100000 were to be created. The only way to get them was to buy them. How would their price be evaluated? I know it will depend on demand. And Suppose 1 million people want that coin so how will the price against $ will be calculated? Is it like this 1000000/100000 coins=10$?

[byt411]

It cannot be calculated. It depends on how the people will value it. But it will probably be worthless since it means that it is 100% premined, and no one has any incentive to buy the coin at all.

[1Referee]

Whales decide the price most of the time, so a current ticker price is not always the legit current price, as it can be way over-bought or way over-sold.

As you already stated, everything is about supply & demand, there is not really an answer for your question. It can be 1$ but also $500 or more.

[InwardContour]

Hi i have question regarding coins. suppose a new coin is to be made and only 100000 were to be created. The only way to get them was to buy them. How would their price be evaluated? I know it will depend on demand. And Suppose 1 million people want that coin so how will the price against $ will be calculated? Is it like this 1000000/100000 coins=10$?

There are some examples of alts with a very limited coin supply, like 365 coin, 48 coin and others.
Their price isn't set by a math formula, it's only a problem about demand and supply infact some of them are worth almost nothing.

[franky1]

there are already coins with limited supply
21coin
42coin
66coin
365coin

trust me million people wont want them as they do not have large enough scope to be useful for spending, .. only hoarding. thus only a few hundred people go for these coins.. maybe only a dozen people, infact..  after all its just another pump and dump altcoin with no layers of infrustructure (use)

there were days when 66coin was worth 100btc each, and other days where it was worth 6btc.. right now its worth 0.16btc, as yea.. its just a dumb pump and dump crapcoin

[Sindelar1938]

Price is where people think it is. Ultimately utility drives value in the long run.
More folks helps get a fairer and more sustainable price discovery.
In other words, more folks doesn't necessarily mean higher price but usually means more efficient price discovery

[Bitcoin Magazine]

there are already coins with limited supply
21coin
42coin
66coin
365coin

trust me million people wont want them as they do not have large enough scope to be useful for spending, .. only hoarding. thus only a few hundred people go for these coins.. maybe only a dozen people, infact..  after all its just another pump and dump altcoin with no layers of infrustructure (use)

there were days when 66coin was worth 100btc each, and other days where it was worth 6btc.. right now its worth 0.16btc, as yea.. its just a dumb pump and dump crapcoin

42coin is still worth 3 BTC.  maybe the less amount of coins the better?

[marcotheminer]

there are already coins with limited supply
21coin
42coin
66coin
365coin

trust me million people wont want them as they do not have large enough scope to be useful for spending, .. only hoarding. thus only a few hundred people go for these coins.. maybe only a dozen people, infact..  after all its just another pump and dump altcoin with no layers of infrustructure (use)

there were days when 66coin was worth 100btc each, and other days where it was worth 6btc.. right now its worth 0.16btc, as yea.. its just a dumb pump and dump crapcoin

42coin is still worth 3 BTC.  maybe the less amount of coins the better?

It all depends on the demand of the coin. If person A is willing to spend 10btc a coin and Person B is willing to sell at 10btc a coin then the price per coin will be 10btc, simple.

[MelodyRowell]

Those coins with limited supply are more for pump and dump then long term coin.

[DhaniBoy]

Nobody can calculated that, it's based on market
if that coin has unique feature and fair distribution (POW), maybe that coin will be worthy
if just another shitcoin, it's worthless since that coin can't be used for buy something (before conveted to BTC)
so it will become pump-dump coin for short time speculation

[Amph]

it's a bit random, but usually no coin anymore seems to rise beyond 1k btc market cap, we can say that most of the time they have a value between 10 and 1k at best but more toward 500 btc than 1k

[HI-TEC99]

When coin's first hit an exchange they often have a higher value if there is a low number of them.

[boxuser]

i guess it is just based on what people are ready to pay for it, and how much people are interested in it.