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RE: Curious how BTC gets to $100k? Jerome Powell is going to get us there...

in GEMS6 years ago

Like I've said before, it is more likely that USD and EUR drop against every cryptocurrency than that BTC goes up a lot against just USD and EUR... The world economy will collapse soon and that will make biggest FIAT currencies almost worthless.

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By definition a drop of one against the other also means a gain by the second against said dropping currency...

When Bitcoin was performing like shit against USD, my currency went up a lot against USD even though its price is tied to Bitcoin price... That much I do understand...

yea but your currency has no liquidity, so it doesn't matter what the price says, you can't realize it....

Talleo is not about making profits in short term, it's all about learning how to make better cryptocurrency... If people want to buy it, they do it because they think it has more potential than the alternatives.

Sure, but I am just saying you can't really compare the price action against other much more liquid coins...

Same happens with Steem on HitBTC... Because there isn't many Steem users buying or selling on HitBTC, price fluctuates more there.

I'm counting on that when my coin gets more exchanges, the liquidity will increase.

More exchanges might also attract third-party developers that bring real value to the coin instead of just trying to scam us with high integration fees.

Again, that's not really comparable. Even with that exchange down, there are a handful of others that are operational processing hundreds of thousands and millions of dollars worth of trades let market forces set prices. Not comparable.

I'm not talking about exchanges being offline or online... I'm talking about relative trading volume.

Not to mention Steem has existed a lot longer so it does have more exchanges to accumulate trading volume...

HitBTC was just the best example of bigger exchange with small trading volume.

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