Does the huge number of feathercoins supply affect the price ?

nathan_kia

I am a new FTC miner. I like it so much.
we all know feathercoins will be 16 times more than bitcoin and 4 times more than litecoins. We currently have around 25 million of FTC out there. I have a question from the developers of FTC and the community , Cryptos are merely based on the supply and demand. Don’t you think this huge number of supply reduces the price dramatically ?

Huge?

Compared to some of the other coins out there I would say ftc has far from huge numbers.

nathan_kia

[quote name=“Calem” post=“46095” timestamp=“1387446648”]
Huge?

Compared to some of the other coins out there I would say ftc has far from huge numbers.
[/quote]

Well I am comparing to the two major coins, BTC and LTC.

Thytos

nathan_kia, the basic principle you mention is correct: the more supply, the less demand/price. But in my opinion, it doesn’t matter (much) if there is higher or lower numbers of this or that coin. What matters is the value of said coin: what can you buy with it, what can you trade for it. And for that, all of us have to work as a comunity, to get other people to know FTC and also highlight its advantages over other coins (which are pointed out in this forum several times). To sum up, I do think FTC will be valuable regardless it has 26M or 2600M coins out there, it all depends of its use.

And that being said, it should be mentioned that i’m also a new FTC miner (and new to cryptoworld as a whole) so I can be completely wrong.

Regards,
Thytos

Check out this link and sort “Supply” by ascending.

[url=http://coinwik.org/List_of_all_DCs]http://coinwik.org/List_of_all_DCs[/url]

It will give you an idea of how many other coins are out there that have phenomenal supplies once all mined.

Some coins will have billions of em once mined.

336 million is a small number. That’s still [u]way[/u] under 1 ftc per person at the currently population.

[quote name=“nathan_kia” post=“46100” timestamp=“1387447301”]
Well I am comparing to the two major coins, BTC and LTC.
[/quote]

That’s fair enough. But yeah. There are many factors that influence a coins price. Many of these factors none have even heard of yet…

Some coins have truly unique and remarkable features where some just have a gimmick or brand.

Short answer I think is that no one can really know at this point. Time will tell. It has everything to do with how much use the coin has I suppose.

But yeah. I could be wrong. This is just an opinion.

jti8899

Short answer I think is that no one can really know at this point. Time will tell. It has everything to do with how much use the coin has I suppose.
[/quote]

Calem,

Totally agree with your comment, nobody know at this point. What we do know is that it is a collective creative experiment with boundless potential! I intend to be a part of for sure!

peace
~//~