The purpose of this group is to have healthy price discussions and TA of charts.
Please don't spread FUD or spam in this group.
ICO token price:
Website of the project:
Support e-mail address:
UNOFFICIAL discussion group:
The sell volume is too low because the coin is not yet on any exchanges. As for me I think it’s a mistake to release the coin without hitting exchanges because the resultant fall in price due to low demand scares away potential buyers creating a vicious cycle which may end in reenforcing price lows.
To complement for sure. Additionally, We want to have main group less cluttered so that t doesn't give wrong impression to new comers also here we can have technical analysis of charts and price discussions. :)
In case anyone might find it useful:
As a thought experiment, I tried to simulate a scenario that shows how the price of CRPT can start going up as soon as it's launched.
To simplify, let's assume there were only 10 CRPT in circulation.
Person X is the first one to use the App, and he/she buys a 1000$ pizza, the transaction fee is the CRPT equivalent of 0.5% of 1000 Dollars, therefore 5 Dollars.
Crypterium will take the CRPT equivalent of 5 Dollars from the user and burn it. Using the rough default current rate (0.0001 BTC = 1 CRPT), it will burn, very approxymately, 3.4 CRPT.
Now there are less CRPTs in circlulation, in fact, there are only 6.6 left, but those 6.6 CRPTs, are now demanded not only from person X, but from other 10 persons who are using the app and need fuel for the platform to operate. Notice, CRPT demand was created, and since the supply is limited (actually slowly decreasing) its price goes up, therefore, burning the CRPT equivalent of 5 Dollars (0.5% of 1000 dollars) will mean burning less and less CRPTs, because each CRPT will be worth more and more dollars.
Conclusion: The market price of a CRPT will be heavily dependant on the amount of transactions that will occur using the Crypterium platform + exchange hype. Users will never be disadvantaged by the price of CRPT increasing, because they will always pay just 0.5% transaction fee (for the on-the-spot crypto-to-fiat conversion). In my opinion it's a well-thought mechanism. It will take off well.
#BTC UpdateAs in the last update as we told you guys that we're expecting #Bitcoin to dump till 7000$ first. We exactly did the same following the dump till 7100$ in last days.As of Now, As we seeing that #BTC just started pumping after hitting our dump targets. It's Now trading around 7200$ and looking solid around this current price zone. We're expecting #BTC to ride more from here. Next Targets which we're expecting is between 7.5-7.6k$. We may see Some small retracements before that. Let it reach to our next targets first. We'll update about next Possible move then.