What determines how high a coins value can go?

boogerballs · 03-12-2017 4:24pm #1

Hi All,

I have only recently have started investing in Concurrency, its more to see what the fuss is all about rather than making some serious money.

I'm not in the position to buy much of the higher value coins such as BTC, ETH and Monero but have bought some lower price coins such as ADA (Cardano) and IOTA plus some other coins at ICO level. Total investment is about €500

What I don't understand is what can determine how high a coins value can go - is it solely down to how the coin is adopted by markets. Why did Ehterum to nearly $500 and what is stopping IOTA for example doing that?

manu2009 · 03-12-2017 5:48pm

boogerballs wrote: »

What I don't understand is what can determine how high a coins value can go - is it solely down to how the coin is adopted by markets. Why did Ehterum to nearly $500 and what is stopping IOTA for example doing that?

The key difference here is the circulating supply, for IOTA it's 2,779,530,283 MIOTA and Eth it's 96,110,583 ETH.

So for example if IOTA was to grow to the same Marketcap size as Eth it would only be worth roughly $16.50.

It's what a lot of new people in the space fail to understand when they think high supply coins like Ripple, Cardano, IOTA and Stellar can reach the same fiat price as Eth or BTC etc.

boogerballs · 03-12-2017 6:15pm

Ah that makes sense - thanks for the response

S.M.B. · 03-12-2017 7:18pm

Surely the only thing that determines how high a coins value can go is simply what someone else is willing to pay for it?

Supply plays a big factor in that decision but there's a lot more too it than that.

frozenfrozen · 03-12-2017 7:30pm

o nice this just reminded me to check my lumens, I have $138 worth at todays price

total I paid in... $0

∞ profit%

Kenny Logins · 03-12-2017 8:20pm

frozenfrozen wrote: »

o nice this just reminded me to check my lumens, I have $138 worth at todays price

total I paid in... $0

∞ profit%

Ah stop. I can't remember my password and still have all the launch freebies.

frozenfrozen · 03-12-2017 8:29pm

If you don't remember your password your account is gone and for a different reason than you'd imagine they transferred away from username and password to secret key public key with no login details and there was a decent hullabaloo about accounts being destroyed that didn't transition

.. So no need to keep trying to remember your info! (sorry)

Kenny Logins · 03-12-2017 8:36pm

frozenfrozen wrote: »

If you don't remember your password your account is gone and for a different reason than you'd imagine they transferred away from username and password to secret key public key with no login details and there was a decent hullabaloo about accounts being destroyed that didn't transition

.. So no need to keep trying to remember your info! (sorry)

Yeah, I wasn't really keeping an eye on things there.

frozenfrozen · 03-12-2017 8:55pm

You can have a go on my super yacht don't worry

What determines how high a coins value can go?

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