Hi again, Marie-Lynn,
I am not very well versed in market lingo. I do not even know whether it's a good or bad thing that the price is going up. However, if supply of QBC has gone down twenty fold, then the price should be 20 times more than 450 (median price in July before fork). However, no alt price makes any sense at this point. I mean the very best alt coin, Reddcoin (RDD), is only 30 satoshis in a dizzying world of copy-pasted coins that have no real value.
I am well-versed, and the inevitable 'expertitis' seems to be affecting my language.
It's really insidious how you start using jargon, quite sincerely, as if they were words in the micro dictionary.
As for market cap calculations, they don't do much good in a "hot-or-not" party. Economic fundamentals are really blurred for crypto, to the point where common sense says there aren't any at all atm, so what matters is demand. And, of course, why the demanders demand.
Were you buying Reddcoin when it was in the 4-5 satoshis ditch? If so, our minds met.
I costs only USD 130 of bitcoins to buy QBC up to 1700 at this point so somebody with a modest budget wants QBC, well there aren't that many to be had quite frankly.
I am just looking forward to when your IPO purchase price is restored (7000 satoshis).
I'm holding and not buying for now so all I can do is eat popcorn while watching the show.
Thank you! But I go into Quebecoin as - well, a chance at a quick profit, true, but I always had an intention to hold long-term as a backup plan. That's why I never sold my 'bag' even when it was so low you were buying.
Maybe we can make a game out of it (with a Counterparty (XCP) oracle system type of thing like on XCPfeeds.info).
I can't say I know how that works, but whatever floats your boat down the St. Lawrence.