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    Author Topic: [ANN] Blacknet BLN | Staking | Future of zApp & ZeFi  (Read 2511105 times)
    alison03
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    March 28, 2014, 10:08:42 AM
     #10441

    Newbie question.

    Just trying to learn/understand how prices rise/fall.

    I was just looking at different coins on MintPal. How does a coin's value start? Is it dependent on how much is mined before it hits an exchange? How many in total there are/will be?

    Like I see blackcoin at about 6k sats with volume of 715 btc (and I know for a while it was 2-3 times that). It's only 1 month old.

    Then I see something like darkcoin, whose value is at 14k sats but only a volume of 8 btc and is around 2 months old.

    So just by looking at that, it's weird to me how the value of darkcoin can be double that of blackcoin with only 8 btc being traded (granted I'm only looking at MintPal). I wasn't around for the beginning of either of these coins, so am not sure how this became where we are today.

    I'm also curious and confused as to if/how volume affects price. Same with total number of coins. I've read having too few coins can be bad for distribution, but too many means a slow rise and a need for more people to adopt to be worth more (like doge?).

    Anyway I'm guessing there isn't a simple answer but even just a general outline would be helpful in me grasping generally how this works.

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