Bitcoin Forum
November 23, 2017, 10:00:08 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: How do altcoins get rated in Btc value  (Read 782 times)
DigitalPirateman
Jr. Member
*
Offline Offline

Activity: 56

1Mrh11QVVsmCpnti5ndtWFxabGMz9wwTTM


View Profile
September 18, 2014, 07:14:48 AM
 #1

I been thinking about this ever since we got our altcoin. We want to used the altcoin on our sites with tradeable to BTC but how does it work. Does it need an exchange to be worth money and how can I get it on one? Also can I hire a developer to help the website have an exchange?

need to understand this more PLEASE help
thanks in advance

Vote for Gytecoin on Cryptsy Cheesy
1511474408
Hero Member
*
Offline Offline

Posts: 1511474408

View Profile Personal Message (Offline)

Ignore
1511474408
Reply with quote  #2

1511474408
Report to moderator
1511474408
Hero Member
*
Offline Offline

Posts: 1511474408

View Profile Personal Message (Offline)

Ignore
1511474408
Reply with quote  #2

1511474408
Report to moderator
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
78lower01
Jr. Member
*
Offline Offline

Activity: 42


View Profile
September 18, 2014, 07:22:28 AM
 #2

To put your altcoin into an exchange you should contact the website to be on the voting list, if you win the coin will be tradable and the demand/supply will decide the value.

raganius
Sr. Member
****
Offline Offline

Activity: 308


View Profile
September 18, 2014, 07:36:28 AM
 #3

You are talking about "value". Value depends on how much someone would accept to pay for something, as well as how much someone would accept to receive in exchange for something.

I been thinking about this ever since we got our altcoin. We want to used the altcoin on our sites with tradeable to BTC but how does it work.

If you've got an Altcoin and want to offer to buy or sell it on your own website, sure you can do it. You can, for example, just offer it by putting the price you believe is fair. If anyone is interested in paying the price you have put for the coin, you'll have a deal.


Does it need an exchange to be worth money and how can I get it on one?

An exchange would make things much simpler, because it brings together sellers and buyers, and the market formed among them will set the fair price at any given moment.

Usually, if there's enough demand any exchange would want to offer structure to trade your coin.


Also can I hire a developer to help the website have an exchange?

need to understand this more PLEASE help
thanks in advance

Sure. If your intention is to start an exchange, the best thing you can do is to find someone experienced to help you with it, because it would be a huge risk for someone inexperienced, and lacking know-how to run an exchange. So many are the dangers (of being hacked, of failures, etc)
DigitalPirateman
Jr. Member
*
Offline Offline

Activity: 56

1Mrh11QVVsmCpnti5ndtWFxabGMz9wwTTM


View Profile
September 18, 2014, 07:48:28 AM
 #4

Thank you we actually found a developer for an exchange but I thought it was too good to be true for the price of development I would like the coin to be traded on other exchanges too just for the popularity to bitcoin but with project plans I don't want to wait until it get approve I want it to be able to get traded as soon as the projects are up.

Vote for Gytecoin on Cryptsy Cheesy
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!